Kazakhtelecom JSC (FRA:KZTA) Gross Margin %: 23.76% (As of Sep. 2025) — 22% Below Median


FRA:KZTA Kazakhtelecom JSC FRA:KZTA
72 GF Score
Price €3.10
GF Value €4.33
Valuation Modestly Undervalued
! 13 Warning Signs
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What is Kazakhtelecom JSC Gross Margin %?

Kazakhtelecom JSC FRA:KZTA 72 Gross Margin % is 23.76% as of Sep. 2025, which is 22% below its 10-year median of 30.34. GuruFocus rates FRA:KZTA with a GF Score™ of 72/100 and a GF Value™ of €4.33 (Modestly Undervalued). The stock has 13 warning signs investors should review. Among 342 Telecommunication Services companies, Kazakhtelecom JSC ranks worse than 86.55% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Kazakhtelecom JSC's Gross Profit for the three months ended in Sep. 2025 was €52.0 Mil. Kazakhtelecom JSC's Revenue for the three months ended in Sep. 2025 was €219.0 Mil. Therefore, Kazakhtelecom JSC's Gross Margin % for the quarter that ended in Sep. 2025 was 23.76%.

Warning Sign:

Kazakhtelecom JSC gross margin has been in long-term decline. The average rate of decline per year is -9.2%.


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

FRA:KZTA' s Gross Margin % Range Over the Past 10 Years
Min: 20.07   Med: 30.34   Max: 36.71
Current: 20.92


During the past 13 years, the highest Gross Margin % of Kazakhtelecom JSC was 36.71%. The lowest was 20.07%. And the median was 30.34%.

FRA:KZTA's Gross Margin % is ranked worse than
86.55% of 342 companies
in the Telecommunication Services industry
Industry Median: 51.51 vs FRA:KZTA: 20.92

Kazakhtelecom JSC had a gross margin of 23.76% for the quarter that ended in Sep. 2025 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Kazakhtelecom JSC was -9.20% per year.


Kazakhtelecom JSC  (FRA:KZTA) 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

Kazakhtelecom JSC had a gross margin of 23.76% for the quarter that ended in Sep. 2025 => Competition eroding margins


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.


Kazakhtelecom JSC Gross Margin % Related Terms


Kazakhtelecom JSC Gross Margin % Historical Data

* Premium members only.

The historical data trend for Kazakhtelecom JSC'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.

Kazakhtelecom JSC Gross Margin % Chart

Kazakhtelecom JSC Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.31 36.71 35.81 23.23 20.07

Kazakhtelecom JSC Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 18.42 18.09 20.34 21.11 23.76

FRA:KZTA vs TMUS, VZ, T: Gross Margin % Comparison

For the Telecom Services subindustry, Kazakhtelecom JSC'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.


Kazakhtelecom JSC Gross Margin % vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Kazakhtelecom JSC's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Kazakhtelecom JSC's Gross Margin % falls into.


FRA:KZTA
72GF Score
Kazakhtelecom JSC FRA:KZTA
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Kazakhtelecom JSC Gross Margin % Calculation

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

Kazakhtelecom JSC's Gross Margin for the fiscal year that ended in Dec. 2024 is calculated as

Gross Margin % (A: Dec. 2024 )=Gross Profit (A: Dec. 2024 ) / Revenue (A: Dec. 2024 )
=179.1 / 892.397
=(Revenue - Cost of Goods Sold) / Revenue
=(892.397 - 713.316) / 892.397
=20.07 %

Kazakhtelecom JSC's Gross Margin for the quarter that ended in Sep. 2025 is calculated as


Gross Margin % (Q: Sep. 2025 )=Gross Profit (Q: Sep. 2025 ) / Revenue (Q: Sep. 2025 )
=52 / 218.971
=(Revenue - Cost of Goods Sold) / Revenue
=(218.971 - 166.954) / 218.971
=23.76 %

* 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 23.76% mean?
Kazakhtelecom JSC (FRA:KZTA) has a Gross Margin % of 23.76% as of Sep. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Kazakhtelecom JSC and its competitors. This is 22% below median its historical median of 30.34. Over the past decade, Kazakhtelecom JSC's Gross Margin % has ranged from 20.07 to 36.71. According to the industry distribution chart, Kazakhtelecom JSC ranks #296 out of 342 companies in the Telecommunication Services industry, placing it in the top 86.5%.
Is Kazakhtelecom JSC's Gross Margin % too high?
Kazakhtelecom JSC's current Gross Margin % of 23.76% is 22% below median its 10-year median of 30.34. Over the past 10 years, this metric has ranged from a low of 20.07 to a high of 36.71. The Telecommunication Services industry median Gross Margin % is 51.51. Kazakhtelecom JSC's value of 23.76% is 53.9% below this industry median. Based on the distribution chart, Kazakhtelecom JSC ranks #296 out of 342 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Kazakhtelecom JSC has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kazakhtelecom JSC's Gross Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Kazakhtelecom JSC ranks #296 out of 342 companies for Gross Margin %. This places Kazakhtelecom JSC in the lower half of its industry. The industry median Gross Margin % is 51.51. Kazakhtelecom JSC's value of 23.76% is 53.9% below this benchmark. Historically, Kazakhtelecom JSC's own Gross Margin % has ranged from 20.07 to 36.71 over the past decade. While the company's 10-year median is 30.34 vs. the industry median of 51.51, Kazakhtelecom JSC has consistently been below 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 Telecommunication Services company?
The median Gross Margin % among Telecommunication Services companies is 51.51, based on 342 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. Kazakhtelecom JSC's current Gross Margin % of 23.76% is 53.9% below 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 Kazakhtelecom JSC and its competitors. For the Telecommunication Services industry, the median Gross Margin % is 51.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kazakhtelecom JSC's current Gross Margin % is 23.76%, which is 22% below median its own 10-year median of 30.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kazakhtelecom JSC stock overvalued right now?
Based on GuruFocus' analysis, Kazakhtelecom JSC (FRA:KZTA) is currently considered Modestly Undervalued. The stock's GF Value™ is €4.33, compared to a current price of €3.10 — trading 28.4% below its estimated fair value. The current Gross Margin % is 23.76%, which is 22% below median its 10-year median of 30.34 and 53.9% below the Telecommunication Services industry median of 51.51. Kazakhtelecom JSC's overall GF Score™ is 72/100 with 13 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 Kazakhtelecom JSC (FRA:KZTA), the current Gross Margin % is 23.76% as of Sep. 2025. 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 Kazakhtelecom JSC (FRA:KZTA) Overvalued in 2026?

Based on GuruFocus' analysis, Kazakhtelecom JSC stock appears to be undervalued. The current stock price of €3.10 is trading 28.4% below its estimated GF Value™ of €4.33. GuruFocus considers Kazakhtelecom JSC to be Modestly Undervalued.

Key valuation signals for FRA:KZTA:

  • Gross Margin %: 23.76% (22% below median its 10-year median of 30.34)
  • GF Value™: €4.33 vs. price of €3.10 (28.4% below fair value)
  • GF Score™: 72/100 with 13 warning signs
  • Industry Position: 53.9% below the Telecommunication Services median (#296 of 342)

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


Kazakhtelecom JSC Business Description

Address 12, Sauran Street, Essil District, Nur-Sultan, KAZ, 010000
Kazakhtelecom JSC is engaged in providing telecommunication services. The company offers fixed line and mobile telecommunication services which include local, long-distance intercity, and international telecommunication services including CIS and non-CIS countries. In addition, it also provides rent of channels, data transfer services, and wireless communication services. The group operating segments include Fixed lines; Mobile telecommunication services in GSM and LTE standards and others. It generates maximum revenue from Mobile telecommunication services in GSM and LTE standards segment.
72GF Score

Get the complete analysis for FRA:KZTA

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

€3.10
Price
€4.33
GF Value