MIND TechnologyFRA:MI70 -0.98%44 Gross Margin % is 42.36% as of Apr. 2026, which is 14% above its 10-year median of 37.12. GuruFocus rates FRA:MI70 with a GF Score™ of 44/100 and a GF Value™ of €1.18 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,453 Hardware companies, MIND Technology ranks better than 83.41% on this metric.
The historical rank and industry rank for MIND Technology's Gross Margin % or its related term are showing as below:
FRA:MI70'
s Gross Margin % Range Over the Past 10 Years
Min: -18.08 Med: 37.12 Max: 45.58
Current: 45.49
During the past 13 years, the highestGross Margin % of MIND Technology was 45.58%. The lowest was -18.08%. And the median was 37.12%.
FRA:MI70's Gross Margin % is ranked better than 83.41% of 2453
companies
in the Hardware industry
Industry Median: 24.52
vs FRA:MI70: 45.49
MIND Technology had a gross margin of 42.36% for the quarter that ended in Apr. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for MIND Technology was 9.30% per year.
MIND Technology (FRA:MI70) 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
MIND Technology had a gross margin of 42.36% for the quarter that ended in Apr. 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.
MIND Technology Gross Margin % Related Terms
MIND Technology Gross Margin % Historical Data
* Premium members only.
The historical data trend for MIND Technology'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.
FRA:MI70 vs LGL, ACFN, TRCK: Gross Margin % Comparison
For the Scientific & Technical Instruments subindustry, MIND Technology'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.
MIND Technology Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, MIND Technology's Gross Margin % distribution charts can be found below:
* The bar in red indicates where MIND Technology's Gross Margin % falls into.
* 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.
MIND Technology (FRA:MI70) has a Gross Margin % of 42.36% as of Apr. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on MIND Technology and its competitors. This is 14% above median its historical median of 37.12. According to the industry distribution chart, MIND Technology ranks #407 out of 2453 companies in the Hardware industry, placing it in the top 16.6%.
Is MIND Technology's Gross Margin % too high?
MIND Technology's current Gross Margin % of 42.36% is 14% above median its 10-year median of 37.12. The Hardware industry median Gross Margin % is 24.52. MIND Technology's value of 42.36% is 72.8% above this industry median. Based on the distribution chart, MIND Technology ranks #407 out of 2453 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, MIND Technology has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MIND Technology's Gross Margin % compare to LGL and ACFN?
According to the Hardware industry distribution chart, MIND Technology ranks #407 out of 2453 companies for Gross Margin %. This places MIND Technology in the top 17% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 24.52. MIND Technology's value of 42.36% is 72.8% above this benchmark. While the company's 10-year median is 37.12 vs. the industry median of 24.52, MIND Technology 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 Hardware company?
The median Gross Margin % among Hardware companies is 24.52, based on 2,453 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. MIND Technology's current Gross Margin % of 42.36% is 72.8% 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 MIND Technology and its competitors. For the Hardware industry, the median Gross Margin % is 24.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIND Technology's current Gross Margin % is 42.36%, which is 14% above median its own 10-year median of 37.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIND Technology stock overvalued right now?
Based on GuruFocus' analysis, MIND Technology (FRA:MI70) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.18, compared to a current price of €4.04 — trading 242.4% above its estimated fair value. The current Gross Margin % is 42.36%, which is 14% above median its 10-year median of 37.12 and 72.8% above the Hardware industry median of 24.52. MIND Technology's overall GF Score™ is 44/100 with 4 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 MIND Technology (FRA:MI70), the current Gross Margin % is 42.36% as of Apr. 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 MIND Technology (FRA:MI70) Overvalued in 2026?
Based on GuruFocus' analysis, MIND Technology stock appears to be overvalued.
The current stock price of €4.04 is trading 242.4% above its estimated GF Value™ of €1.18.
GuruFocus considers MIND Technology to be Significantly Overvalued.
Key valuation signals for FRA:MI70:
Gross Margin %: 42.36% (14% above median its 10-year median of 37.12)
GF Value™: €1.18 vs. price of €4.04 (242.4% above fair value)
Industry Position: 72.8% above the Hardware median (#407 of 2453)
No single metric tells the full story. See the FRA:MI70 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MIND Technology Inc provides technology and solutions for exploration, survey, and defense applications in oceanographic, hydrographic, defense, seismic, and security industries. The company operates in single segment namely, Seamap which provides services and products, including engineering, repairs and software licensing, utilized in marine exploration, marine survey and maritime security for marine survey companies, seismic survey contractors, research institutes, non-military government organizations and operators of port facilities and other offshore installations. The company generates more revenue from Seamap Marine Products. The company's geographical segments include the United States; China, Norway; Turkey; Singapore; and Canada & Other.
44GF Score
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