NovaFRA:NMR +4.07%94 Gross Margin % is 57.66% as of Mar. 2026, which is 2% above its 10-year median of 56.60. GuruFocus rates FRA:NMR with a GF Score™ of 94/100 and a GF Value™ of €288.76 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,009 Semiconductors companies, Nova ranks better than 90.98% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Nova's Gross Profit for the
three
months ended in Mar. 2026 was €117.4 Mil. Nova's Revenue for the
three
months ended in Mar. 2026 was €203.5 Mil. Therefore, Nova's Gross Margin % for the quarter that ended in Mar. 2026 was 57.66%.
The historical rank and industry rank for Nova's Gross Margin % or its related term are showing as below:
FRA:NMR'
s Gross Margin % Range Over the Past 10 Years
Min: 45.93 Med: 56.6 Max: 59.1
Current: 57.46
During the past 13 years, the highestGross Margin % of Nova was 59.10%. The lowest was 45.93%. And the median was 56.60%.
FRA:NMR's Gross Margin % is ranked better than 90.98% of 1009
companies
in the Semiconductors industry
Industry Median: 29.61
vs FRA:NMR: 57.46
Nova had a gross margin of 57.66% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Nova was 0.50% per year.
Nova (FRA:NMR) 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
Nova had a gross margin of 57.66% 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.
Nova Gross Margin % Related Terms
Nova Gross Margin % Historical Data
* Premium members only.
The historical data trend for Nova'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:NMR vs ONTO, AMKR, FORM: Gross Margin % Comparison
For the Semiconductor Equipment & Materials subindustry, Nova'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.
Nova Gross Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Nova's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Nova'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.
Nova (FRA:NMR) has a Gross Margin % of 57.66% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Nova and its competitors. This is near median its historical median of 56.60. Over the past decade, Nova's Gross Margin % has ranged from 45.93 to 59.10. According to the industry distribution chart, Nova ranks #91 out of 1009 companies in the Semiconductors industry, placing it in the top 9%.
Is Nova's Gross Margin % too high?
Nova's current Gross Margin % of 57.66% is near median its 10-year median of 56.60. Over the past 10 years, this metric has ranged from a low of 45.93 to a high of 59.10. The Semiconductors industry median Gross Margin % is 29.61. Nova's value of 57.66% is 94.7% above this industry median. Based on the distribution chart, Nova ranks #91 out of 1009 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Nova has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nova's Gross Margin % compare to ONTO and AMKR?
According to the Semiconductors industry distribution chart, Nova ranks #91 out of 1009 companies for Gross Margin %. This places Nova in the top 9% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 29.61. Nova's value of 57.66% is 94.7% above this benchmark. Historically, Nova's own Gross Margin % has ranged from 45.93 to 59.10 over the past decade. While the company's 10-year median is 56.60 vs. the industry median of 29.61, Nova 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 Semiconductors company?
The median Gross Margin % among Semiconductors companies is 29.61, based on 1,009 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. Nova's current Gross Margin % of 57.66% is 94.7% 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 Nova and its competitors. For the Semiconductors industry, the median Gross Margin % is 29.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nova's current Gross Margin % is 57.66%, which is near median its own 10-year median of 56.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nova stock overvalued right now?
Based on GuruFocus' analysis, Nova (FRA:NMR) is currently considered Significantly Overvalued. The stock's GF Value™ is €288.76, compared to a current price of €470.80 — trading 63% above its estimated fair value. The current Gross Margin % is 57.66%, which is near median its 10-year median of 56.60 and 94.7% above the Semiconductors industry median of 29.61. Nova's overall GF Score™ is 94/100 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 Nova (FRA:NMR), the current Gross Margin % is 57.66% 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 Nova (FRA:NMR) Overvalued in 2026?
Based on GuruFocus' analysis, Nova stock appears to be overvalued.
The current stock price of €470.80 is trading 63% above its estimated GF Value™ of €288.76.
GuruFocus considers Nova to be Significantly Overvalued.
Key valuation signals for FRA:NMR:
Gross Margin %: 57.66% (near median its 10-year median of 56.60)
GF Value™: €288.76 vs. price of €470.80 (63% above fair value)
Industry Position: 94.7% above the Semiconductors median (#91 of 1009)
No single metric tells the full story. See the FRA:NMR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nova Ltd is a provider of metrology and process control solutions used in semiconductor manufacturing. The company provides high-performance metrology solutions across the semiconductor fabrication lifecycle and develops differentiated inline metrology solutions deployed by a broad range of customers, including integrated circuit manufacturers. Its portfolio combines high-precision hardware and software, enabling customers to improve device performance, enhance yields, and accelerate time to market. Its products include Dimensional Metrology, Materials Metrology, Chemical Metrology, and Software Solutions. The company operates in China, Taiwan, R.O.C., the United States and other regions, with maximum revenue coming from China.
94GF Score
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