PEH Wertpapier AGFRA:PEH +6.21%73 Gross Margin % is 12.15% as of Dec. 2025, which is 7% below its 10-year median of 13.13. GuruFocus rates FRA:PEH with a GF Score™ of 73/100 and a GF Value™ of €57.51 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 547 Asset Management companies, PEH Wertpapier AG ranks worse than 85.74% on this metric.
The historical rank and industry rank for PEH Wertpapier AG's Gross Margin % or its related term are showing as below:
FRA:PEH'
s Gross Margin % Range Over the Past 10 Years
Min: 12.69 Med: 13.13 Max: 13.56
Current: 12.7
During the past 13 years, the highestGross Margin % of PEH Wertpapier AG was 13.56%. The lowest was 12.69%. And the median was 13.13%.
FRA:PEH's Gross Margin % is ranked worse than 85.74% of 547
companies
in the Asset Management industry
Industry Median: 57.53
vs FRA:PEH: 12.70
PEH Wertpapier AG had a gross margin of 12.15% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for PEH Wertpapier AG was 0.00% per year.
PEH Wertpapier AG (FRA:PEH) 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
PEH Wertpapier AG had a gross margin of 12.15% for the quarter that ended in Dec. 2025 => No sustainable 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.
PEH Wertpapier AG Gross Margin % Related Terms
PEH Wertpapier AG Gross Margin % Historical Data
* Premium members only.
The historical data trend for PEH Wertpapier AG'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:PEH vs BLK, BX, KKR: Gross Margin % Comparison
For the Asset Management subindustry, PEH Wertpapier AG'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.
PEH Wertpapier AG Gross Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PEH Wertpapier AG's Gross Margin % distribution charts can be found below:
* The bar in red indicates where PEH Wertpapier AG'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.
PEH Wertpapier AG (FRA:PEH) has a Gross Margin % of 12.15% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on PEH Wertpapier AG and its competitors. This is near median its historical median of 13.13. Over the past decade, PEH Wertpapier AG's Gross Margin % has ranged from 12.69 to 13.56. According to the industry distribution chart, PEH Wertpapier AG ranks #469 out of 547 companies in the Asset Management industry, placing it in the top 85.7%.
Is PEH Wertpapier AG's Gross Margin % too high?
PEH Wertpapier AG's current Gross Margin % of 12.15% is near median its 10-year median of 13.13. Over the past 10 years, this metric has ranged from a low of 12.69 to a high of 13.56. The Asset Management industry median Gross Margin % is 57.53. PEH Wertpapier AG's value of 12.15% is 78.9% below this industry median. Based on the distribution chart, PEH Wertpapier AG ranks #469 out of 547 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, PEH Wertpapier AG has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PEH Wertpapier AG's Gross Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, PEH Wertpapier AG ranks #469 out of 547 companies for Gross Margin %. This places PEH Wertpapier AG in the lower half of its industry. The industry median Gross Margin % is 57.53. PEH Wertpapier AG's value of 12.15% is 78.9% below this benchmark. Historically, PEH Wertpapier AG's own Gross Margin % has ranged from 12.69 to 13.56 over the past decade. While the company's 10-year median is 13.13 vs. the industry median of 57.53, PEH Wertpapier AG 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 an Asset Management company?
The median Gross Margin % among Asset Management companies is 57.53, based on 547 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. PEH Wertpapier AG's current Gross Margin % of 12.15% is 78.9% 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 PEH Wertpapier AG and its competitors. For the Asset Management industry, the median Gross Margin % is 57.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PEH Wertpapier AG's current Gross Margin % is 12.15%, which is near median its own 10-year median of 13.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PEH Wertpapier AG stock overvalued right now?
Based on GuruFocus' analysis, PEH Wertpapier AG (FRA:PEH) is currently considered Significantly Undervalued. The stock's GF Value™ is €57.51, compared to a current price of €30.80 — trading 46.4% below its estimated fair value. The current Gross Margin % is 12.15%, which is near median its 10-year median of 13.13 and 78.9% below the Asset Management industry median of 57.53. PEH Wertpapier AG's overall GF Score™ is 73/100 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 PEH Wertpapier AG (FRA:PEH), the current Gross Margin % is 12.15% as of Dec. 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 PEH Wertpapier AG (FRA:PEH) Overvalued in 2026?
Based on GuruFocus' analysis, PEH Wertpapier AG stock appears to be undervalued.
The current stock price of €30.80 is trading 46.4% below its estimated GF Value™ of €57.51.
GuruFocus considers PEH Wertpapier AG to be Significantly Undervalued.
Key valuation signals for FRA:PEH:
Gross Margin %: 12.15% (near median its 10-year median of 13.13)
GF Value™: €57.51 vs. price of €30.80 (46.4% below fair value)
Industry Position: 78.9% below the Asset Management median (#469 of 547)
No single metric tells the full story. See the FRA:PEH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PEH Wertpapier AG is an independent financial service provider in German-speaking countries. It offers asset management for private clients as well as special products and investment solutions for institutional investors. The various services offered by the company include asset management, wealth planning, general consultation, and foundation management. Additionally, it also operates various investment funds to cater to the demands of long-term investors who want to benefit from the growth opportunities of equity markets. The group is divided into three segments: PEH Asset Management, PEH Administration/Service segment, which generates maximum revenue, and PEH Sales. Geographically, it derives maximum revenue from Luxembourg, and the rest from Germany.
73GF Score
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