Toyo Kanetsu KK (FRA:TQ2) Gross Margin %: 18.47% (As of Mar. 2026) — 10% Below Median


FRA:TQ2 Toyo Kanetsu KK FRA:TQ2
80 GF Score
Price €13.10
GF Value €12.26
! 2 Warning Signs
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What is Toyo Kanetsu KK Gross Margin %?

Toyo Kanetsu KK FRA:TQ2 +0.77% 80 Gross Margin % is 18.47% as of Mar. 2026, which is 10% below its 10-year median of 20.47. GuruFocus rates FRA:TQ2 with a GF Score™ of 80/100 and a GF Value™ of €12.26. The stock has 2 warning signs investors should review. Among 2,997 Industrial Products companies, Toyo Kanetsu KK ranks worse than 60.66% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Toyo Kanetsu KK's Gross Profit for the three months ended in Mar. 2026 was €17.2 Mil. Toyo Kanetsu KK's Revenue for the three months ended in Mar. 2026 was €92.9 Mil. Therefore, Toyo Kanetsu KK's Gross Margin % for the quarter that ended in Mar. 2026 was 18.47%.


The historical rank and industry rank for Toyo Kanetsu KK's Gross Margin % or its related term are showing as below:

FRA:TQ2' s Gross Margin % Range Over the Past 10 Years
Min: 15.48   Med: 20.47   Max: 22.97
Current: 22.97


During the past 13 years, the highest Gross Margin % of Toyo Kanetsu KK was 22.97%. The lowest was 15.48%. And the median was 20.47%.

FRA:TQ2's Gross Margin % is ranked worse than
60.66% of 2997 companies
in the Industrial Products industry
Industry Median: 26.79 vs FRA:TQ2: 22.97

Toyo Kanetsu KK had a gross margin of 18.47% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Toyo Kanetsu KK was 3.20% per year.


Toyo Kanetsu KK  (FRA:TQ2) 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

Toyo Kanetsu KK had a gross margin of 18.47% for the quarter that ended in Mar. 2026 => 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.


Toyo Kanetsu KK Gross Margin % Related Terms


Toyo Kanetsu KK Gross Margin % Historical Data

* Premium members only.

The historical data trend for Toyo Kanetsu KK'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.

Toyo Kanetsu KK Gross Margin % Chart

Toyo Kanetsu KK Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.17 22.82 21.88 21.90 22.97

Toyo Kanetsu KK Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.12 27.17 25.77 21.76 18.47

FRA:TQ2 vs GEV, ETN, PH: Gross Margin % Comparison

For the Specialty Industrial Machinery subindustry, Toyo Kanetsu KK'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.


Toyo Kanetsu KK Gross Margin % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Toyo Kanetsu KK's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Toyo Kanetsu KK's Gross Margin % falls into.


FRA:TQ2
80GF Score
Toyo Kanetsu KK FRA:TQ2
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Toyo Kanetsu KK Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Toyo Kanetsu KK's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=74.6 / 324.98
=(Revenue - Cost of Goods Sold) / Revenue
=(324.98 - 250.343) / 324.98
=22.97 %

Toyo Kanetsu KK's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=17.2 / 92.882
=(Revenue - Cost of Goods Sold) / Revenue
=(92.882 - 75.727) / 92.882
=18.47 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 18.47% mean?
Toyo Kanetsu KK (FRA:TQ2) has a Gross Margin % of 18.47% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Toyo Kanetsu KK and its competitors. This is 10% below median its historical median of 20.47. Over the past decade, Toyo Kanetsu KK's Gross Margin % has ranged from 15.48 to 22.97. According to the industry distribution chart, Toyo Kanetsu KK ranks #1818 out of 2997 companies in the Industrial Products industry, placing it in the top 60.7%.
Is Toyo Kanetsu KK's Gross Margin % too high?
Toyo Kanetsu KK's current Gross Margin % of 18.47% is 10% below median its 10-year median of 20.47. Over the past 10 years, this metric has ranged from a low of 15.48 to a high of 22.97. The Industrial Products industry median Gross Margin % is 26.79. Toyo Kanetsu KK's value of 18.47% is 31.1% below this industry median. Based on the distribution chart, Toyo Kanetsu KK ranks #1818 out of 2997 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Toyo Kanetsu KK has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Toyo Kanetsu KK's Gross Margin % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Toyo Kanetsu KK ranks #1818 out of 2997 companies for Gross Margin %. This places Toyo Kanetsu KK in the lower half of its industry. The industry median Gross Margin % is 26.79. Toyo Kanetsu KK's value of 18.47% is 31.1% below this benchmark. Historically, Toyo Kanetsu KK's own Gross Margin % has ranged from 15.48 to 22.97 over the past decade. While the company's 10-year median is 20.47 vs. the industry median of 26.79, Toyo Kanetsu KK 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 Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.79, based on 2,997 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. Toyo Kanetsu KK's current Gross Margin % of 18.47% is 31.1% 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 Toyo Kanetsu KK and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyo Kanetsu KK's current Gross Margin % is 18.47%, which is 10% below median its own 10-year median of 20.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyo Kanetsu KK stock overvalued right now?
Toyo Kanetsu KK (FRA:TQ2) has a current Gross Margin % of 18.47%. The stock's GF Value™ is €12.26, compared to a current price of €13.10 — trading 6.9% above its estimated fair value. The current Gross Margin % is 18.47%, which is 10% below median its 10-year median of 20.47 and 31.1% below the Industrial Products industry median of 26.79. Toyo Kanetsu KK's overall GF Score™ is 80/100 with 2 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 Toyo Kanetsu KK (FRA:TQ2), the current Gross Margin % is 18.47% 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 Toyo Kanetsu KK (FRA:TQ2) Overvalued in 2026?

Based on GuruFocus' analysis, Toyo Kanetsu KK stock appears to be overvalued. The current stock price of €13.10 is trading 6.9% above its estimated GF Value™ of €12.26.

Key valuation signals for FRA:TQ2:

  • Gross Margin %: 18.47% (10% below median its 10-year median of 20.47)
  • GF Value™: €12.26 vs. price of €13.10 (6.9% above fair value)
  • GF Score™: 80/100 with 2 warning signs
  • Industry Position: 31.1% below the Industrial Products median (#1818 of 2997)

No single metric tells the full story. See the FRA:TQ2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toyo Kanetsu KK Business Description

Other Exchanges 6369:Japan
Address 11-1, Minamisuna 2-chome, Koto-ku, Tokyo, JPN, 136-8666
Toyo Kanetsu KK produces and sells industrial furnaces. It operates in two reportable segments which include Plant and machinery segment and Material handling system segment. Plant and machinery comprise of designing, manufacturing, installation of storage tanks for LNG (Liquefied natural gas), crude oil and other gases and liquids whereas Material handling system segment is engaged in the development, designing and installation of distribution system especially for sorting, picking and conveyance. The business activity of the group is operated by Japan, Southeast Asia, Oceania, and Internationally.
80GF Score

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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€13.10
Price
€12.26
GF Value