MINISO Group HoldingFRA:MIF0 +2.16%74 Gross Margin % is 43.32% as of Mar. 2026, which is 42% above its 10-year median of 30.44. GuruFocus rates FRA:MIF0 with a GF Score™ of 74/100 and a GF Value™ of €6.58 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,113 Retail - Cyclical companies, MINISO Group Holding ranks better than 65.41% on this metric.
The historical rank and industry rank for MINISO Group Holding's Gross Margin % or its related term are showing as below:
FRA:MIF0'
s Gross Margin % Range Over the Past 10 Years
Min: 26.73 Med: 30.44 Max: 44.99
Current: 44.72
During the past 8 years, the highestGross Margin % of MINISO Group Holding was 44.99%. The lowest was 26.73%. And the median was 30.44%.
FRA:MIF0's Gross Margin % is ranked better than 65.41% of 1113
companies
in the Retail - Cyclical industry
Industry Median: 36.29
vs FRA:MIF0: 44.72
MINISO Group Holding had a gross margin of 43.32% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for MINISO Group Holding was 11.30% per year.
MINISO Group Holding (FRA:MIF0) 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
MINISO Group Holding had a gross margin of 43.32% 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.
MINISO Group Holding Gross Margin % Related Terms
MINISO Group Holding Gross Margin % Historical Data
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The historical data trend for MINISO Group Holding'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:MIF0 vs RH, ASO, BBWI: Gross Margin % Comparison
For the Specialty Retail subindustry, MINISO Group Holding'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.
MINISO Group Holding Gross Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, MINISO Group Holding's Gross Margin % distribution charts can be found below:
* The bar in red indicates where MINISO Group Holding'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.
MINISO Group Holding (FRA:MIF0) has a Gross Margin % of 43.32% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on MINISO Group Holding and its competitors. This is 42% above median its historical median of 30.44. Over the past decade, MINISO Group Holding's Gross Margin % has ranged from 26.73 to 44.99. According to the industry distribution chart, MINISO Group Holding ranks #385 out of 1113 companies in the Retail - Cyclical industry, placing it in the top 34.6%.
Is MINISO Group Holding's Gross Margin % too high?
MINISO Group Holding's current Gross Margin % of 43.32% is 42% above median its 10-year median of 30.44. Over the past 10 years, this metric has ranged from a low of 26.73 to a high of 44.99. The Retail - Cyclical industry median Gross Margin % is 36.29. MINISO Group Holding's value of 43.32% is 19.4% above this industry median. Based on the distribution chart, MINISO Group Holding ranks #385 out of 1113 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, MINISO Group Holding has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MINISO Group Holding's Gross Margin % compare to RH and ASO?
According to the Retail - Cyclical industry distribution chart, MINISO Group Holding ranks #385 out of 1113 companies for Gross Margin %. This puts MINISO Group Holding in the upper half of its industry. The industry median Gross Margin % is 36.29. MINISO Group Holding's value of 43.32% is 19.4% above this benchmark. Historically, MINISO Group Holding's own Gross Margin % has ranged from 26.73 to 44.99 over the past decade. While the company's 10-year median is 30.44 vs. the industry median of 36.29, MINISO Group Holding 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 Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.29, based on 1,113 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. MINISO Group Holding's current Gross Margin % of 43.32% is 19.4% 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 MINISO Group Holding and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MINISO Group Holding's current Gross Margin % is 43.32%, which is 42% above median its own 10-year median of 30.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MINISO Group Holding stock overvalued right now?
Based on GuruFocus' analysis, MINISO Group Holding (FRA:MIF0) is currently considered Significantly Undervalued. The stock's GF Value™ is €6.58, compared to a current price of €2.56 — trading 61.1% below its estimated fair value. The current Gross Margin % is 43.32%, which is 42% above median its 10-year median of 30.44 and 19.4% above the Retail - Cyclical industry median of 36.29. MINISO Group Holding's overall GF Score™ is 74/100 with 3 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 MINISO Group Holding (FRA:MIF0), the current Gross Margin % is 43.32% 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 MINISO Group Holding (FRA:MIF0) Overvalued in 2026?
Based on GuruFocus' analysis, MINISO Group Holding stock appears to be undervalued.
The current stock price of €2.56 is trading 61.1% below its estimated GF Value™ of €6.58.
GuruFocus considers MINISO Group Holding to be Significantly Undervalued.
Key valuation signals for FRA:MIF0:
Gross Margin %: 43.32% (42% above median its 10-year median of 30.44)
GF Value™: €6.58 vs. price of €2.56 (61.1% below fair value)
Industry Position: 19.4% above the Retail - Cyclical median (#385 of 1113)
No single metric tells the full story. See the FRA:MIF0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MINISO Group Holding Ltd is a value retailer offering a variety of trendy lifestyle products featuring IP design. The principal activity of the Company is investment holding. The company's product categories include home decor, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care, snacks, fragrance and perfumes, and stationery and gifts. Its segment includes the MINISO brand -Chinese Mainland and MINISO brand-Overseas which is engaged in the Design, buying, and sale of lifestyle products, and the TOP TOY brand, which is engaged in the Design, buying, and sale of pop toys. The company generates maximum revenue from theMINISO brand -Chinese Mainland segment. Geographically, it derives a majority of its revenue from Chinese Mainland.
74GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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