Singapore ExchangeFRA:SOU 89 Gross Margin % is 74.17% as of Dec. 2025, which is 4% above its 10-year median of 71.39. GuruFocus rates FRA:SOU with a GF Score™ of 89/100 and a GF Value™ of €8.66 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 620 Capital Markets companies, Singapore Exchange ranks better than 76.13% on this metric.
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
Singapore Exchange had a gross margin of 74.17% for the quarter that ended in Dec. 2025 => 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.
Singapore Exchange Gross Margin % Related Terms
Singapore Exchange Gross Margin % Historical Data
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The historical data trend for Singapore Exchange'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:SOU vs SPGI, CME, ICE: Gross Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, Singapore Exchange'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.
Singapore Exchange Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Singapore Exchange's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Singapore Exchange'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.
Singapore Exchange (FRA:SOU) has a Gross Margin % of 74.17% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Singapore Exchange and its competitors. This is near median its historical median of 71.39. Over the past decade, Singapore Exchange's Gross Margin % has ranged from 57.27 to 75.52. According to the industry distribution chart, Singapore Exchange ranks #148 out of 620 companies in the Capital Markets industry, placing it in the top 23.9%.
Is Singapore Exchange's Gross Margin % too high?
Singapore Exchange's current Gross Margin % of 74.17% is near median its 10-year median of 71.39. Over the past 10 years, this metric has ranged from a low of 57.27 to a high of 75.52. The Capital Markets industry median Gross Margin % is 49.63. Singapore Exchange's value of 74.17% is 49.4% above this industry median. Based on the distribution chart, Singapore Exchange ranks #148 out of 620 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Singapore Exchange has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Singapore Exchange's Gross Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Singapore Exchange ranks #148 out of 620 companies for Gross Margin %. This places Singapore Exchange in the top 24% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 49.63. Singapore Exchange's value of 74.17% is 49.4% above this benchmark. Historically, Singapore Exchange's own Gross Margin % has ranged from 57.27 to 75.52 over the past decade. While the company's 10-year median is 71.39 vs. the industry median of 49.63, Singapore Exchange 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 Capital Markets company?
The median Gross Margin % among Capital Markets companies is 49.63, based on 620 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. Singapore Exchange's current Gross Margin % of 74.17% is 49.4% 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 Singapore Exchange and its competitors. For the Capital Markets industry, the median Gross Margin % is 49.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singapore Exchange's current Gross Margin % is 74.17%, which is near median its own 10-year median of 71.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Exchange stock overvalued right now?
Based on GuruFocus' analysis, Singapore Exchange (FRA:SOU) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.66, compared to a current price of €16.10 — trading 85.9% above its estimated fair value. The current Gross Margin % is 74.17%, which is near median its 10-year median of 71.39 and 49.4% above the Capital Markets industry median of 49.63. Singapore Exchange's overall GF Score™ is 89/100 with 5 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 Singapore Exchange (FRA:SOU), the current Gross Margin % is 74.17% 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 Singapore Exchange (FRA:SOU) Overvalued in 2026?
Based on GuruFocus' analysis, Singapore Exchange stock appears to be overvalued.
The current stock price of €16.10 is trading 85.9% above its estimated GF Value™ of €8.66.
GuruFocus considers Singapore Exchange to be Significantly Overvalued.
Key valuation signals for FRA:SOU:
Gross Margin %: 74.17% (near median its 10-year median of 71.39)
GF Value™: €8.66 vs. price of €16.10 (85.9% above fair value)
Industry Position: 49.4% above the Capital Markets median (#148 of 620)
No single metric tells the full story. See the FRA:SOU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Singapore Exchange is a vertically integrated securities exchange business, offering listing-, data-, trading-, clearing- and settlement services across equities, debt and derivatives. Singapore Exchange, like Singapore itself, is remarkably outward-facing and offers some of the most liquid and widely traded equity derivative products for various regional markets, including the FTSE China A50 Index Futures.
89GF Score
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