Citizen Watch Co (FRA:CTZ) Gross Margin %: 41.39% (As of Mar. 2026) — Near Median


FRA:CTZ Citizen Watch Co Ltd FRA:CTZ
66 GF Score
Price €13.60
GF Value €6.24
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Citizen Watch Co Gross Margin %?

Citizen Watch Co FRA:CTZ -1.45% 66 Gross Margin % is 41.39% as of Mar. 2026, which is 7% above its 10-year median of 38.67. GuruFocus rates FRA:CTZ with a GF Score™ of 66/100 and a GF Value™ of €6.24 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,026 Manufacturing - Apparel & Accessories companies, Citizen Watch Co ranks better than 68.71% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Citizen Watch Co's Gross Profit for the three months ended in Mar. 2026 was €202 Mil. Citizen Watch Co's Revenue for the three months ended in Mar. 2026 was €489 Mil. Therefore, Citizen Watch Co's Gross Margin % for the quarter that ended in Mar. 2026 was 41.39%.


The historical rank and industry rank for Citizen Watch Co's Gross Margin % or its related term are showing as below:

FRA:CTZ' s Gross Margin % Range Over the Past 10 Years
Min: 31.89   Med: 38.67   Max: 43.12
Current: 43.12


During the past 13 years, the highest Gross Margin % of Citizen Watch Co was 43.12%. The lowest was 31.89%. And the median was 38.67%.

FRA:CTZ's Gross Margin % is ranked better than
68.71% of 1026 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.51 vs FRA:CTZ: 43.12

Citizen Watch Co had a gross margin of 41.39% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Citizen Watch Co was 5.50% per year.


Citizen Watch Co  (FRA:CTZ) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Citizen Watch Co had a gross margin of 41.39% for the quarter that ended in Mar. 2026 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Citizen Watch Co Gross Margin % Related Terms


Citizen Watch Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Citizen Watch Co's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Citizen Watch Co Gross Margin % Chart

Citizen Watch Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.96 40.54 42.00 42.46 43.12

Citizen Watch Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.25 43.16 43.55 44.29 41.39

FRA:CTZ vs NKE, DECK, ONON: Gross Margin % Comparison

For the Footwear & Accessories subindustry, Citizen Watch Co's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Citizen Watch Co Gross Margin % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Citizen Watch Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Citizen Watch Co's Gross Margin % falls into.


FRA:CTZ
66GF Score
Citizen Watch Co Ltd FRA:CTZ
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Citizen Watch Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Citizen Watch Co's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=815.1 / 1890.495
=(Revenue - Cost of Goods Sold) / Revenue
=(1890.495 - 1075.388) / 1890.495
=43.12 %

Citizen Watch Co's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=202.4 / 488.983
=(Revenue - Cost of Goods Sold) / Revenue
=(488.983 - 286.604) / 488.983
=41.39 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 41.39% mean?
Citizen Watch Co (FRA:CTZ) has a Gross Margin % of 41.39% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Citizen Watch Co and its competitors. This is near median its historical median of 38.67. Over the past decade, Citizen Watch Co's Gross Margin % has ranged from 31.89 to 43.12. According to the industry distribution chart, Citizen Watch Co ranks #321 out of 1026 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 31.3%.
Is Citizen Watch Co's Gross Margin % too high?
Citizen Watch Co's current Gross Margin % of 41.39% is near median its 10-year median of 38.67. Over the past 10 years, this metric has ranged from a low of 31.89 to a high of 43.12. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.51. Citizen Watch Co's value of 41.39% is 45.2% above this industry median. Based on the distribution chart, Citizen Watch Co ranks #321 out of 1026 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Citizen Watch Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Citizen Watch Co's Gross Margin % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Citizen Watch Co ranks #321 out of 1026 companies for Gross Margin %. This puts Citizen Watch Co in the upper half of its industry. The industry median Gross Margin % is 28.51. Citizen Watch Co's value of 41.39% is 45.2% above this benchmark. Historically, Citizen Watch Co's own Gross Margin % has ranged from 31.89 to 43.12 over the past decade. While the company's 10-year median is 38.67 vs. the industry median of 28.51, Citizen Watch Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.51, based on 1,026 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Citizen Watch Co's current Gross Margin % of 41.39% is 45.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Citizen Watch Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Citizen Watch Co's current Gross Margin % is 41.39%, which is near median its own 10-year median of 38.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Citizen Watch Co stock overvalued right now?
Based on GuruFocus' analysis, Citizen Watch Co (FRA:CTZ) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.24, compared to a current price of €13.60 — trading 117.9% above its estimated fair value. The current Gross Margin % is 41.39%, which is near median its 10-year median of 38.67 and 45.2% above the Manufacturing - Apparel & Accessories industry median of 28.51. Citizen Watch Co's overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Citizen Watch Co (FRA:CTZ), the current Gross Margin % is 41.39% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Citizen Watch Co (FRA:CTZ) Overvalued in 2026?

Based on GuruFocus' analysis, Citizen Watch Co stock appears to be overvalued. The current stock price of €13.60 is trading 117.9% above its estimated GF Value™ of €6.24. GuruFocus considers Citizen Watch Co to be Significantly Overvalued.

Key valuation signals for FRA:CTZ:

  • Gross Margin %: 41.39% (near median its 10-year median of 38.67)
  • GF Value™: €6.24 vs. price of €13.60 (117.9% above fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 45.2% above the Manufacturing - Apparel & Accessories median (#321 of 1026)

No single metric tells the full story. See the FRA:CTZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Citizen Watch Co Business Description

Other Exchanges CHCLY:USA7762:Japan
Address 6-1-12, Tanashi-cho, Nishi Tokyo-shi, Tokyo, JPN, 188-8511
Citizen Watch Co Ltd is a company whose main business is to manufacture and sell watches, machine tools, electronic devices, and electronic products. The Company has four reportable segments which includes Watches Business, Machine Tools Business, Device Business, and Electronic Equipment and Other Business. It generates majority of the revenue from Watches Business segment.
66GF Score

Get the complete analysis for FRA:CTZ

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€13.60
Price
€6.24
GF Value