National CineMediaFRA:XWM0 +1.22%60 Gross Margin % is 15.88% as of Mar. 2026, which is 70% below its 10-year median of 52.29. GuruFocus rates FRA:XWM0 with a GF Score™ of 60/100 and a GF Value™ of €3.87. The stock has 3 warning signs investors should review. Among 942 Media - Diversified companies, National CineMedia ranks better than 57.86% on this metric.
The historical rank and industry rank for National CineMedia's Gross Margin % or its related term are showing as below:
FRA:XWM0'
s Gross Margin % Range Over the Past 10 Years
Min: 32.9 Med: 52.29 Max: 72.7
Current: 44.14
During the past 13 years, the highestGross Margin % of National CineMedia was 72.70%. The lowest was 32.90%. And the median was 52.29%.
FRA:XWM0's Gross Margin % is ranked better than 57.86% of 942
companies
in the Media - Diversified industry
Industry Median: 38.94
vs FRA:XWM0: 44.14
National CineMedia had a gross margin of 15.88% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for National CineMedia was 1.40% per year.
National CineMedia (FRA:XWM0) 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
National CineMedia had a gross margin of 15.88% 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.
National CineMedia Gross Margin % Related Terms
National CineMedia Gross Margin % Historical Data
* Premium members only.
The historical data trend for National CineMedia'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:XWM0 vs NEXN, TC, TSQ: Gross Margin % Comparison
For the Advertising Agencies subindustry, National CineMedia'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.
National CineMedia Gross Margin % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, National CineMedia's Gross Margin % distribution charts can be found below:
* The bar in red indicates where National CineMedia'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.
National CineMedia (FRA:XWM0) has a Gross Margin % of 15.88% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on National CineMedia and its competitors. This is 70% below median its historical median of 52.29. Over the past decade, National CineMedia's Gross Margin % has ranged from 32.90 to 72.70. According to the industry distribution chart, National CineMedia ranks #397 out of 942 companies in the Media - Diversified industry, placing it in the top 42.1%.
Is National CineMedia's Gross Margin % too high?
National CineMedia's current Gross Margin % of 15.88% is 70% below median its 10-year median of 52.29. Over the past 10 years, this metric has ranged from a low of 32.90 to a high of 72.70. The Media - Diversified industry median Gross Margin % is 38.94. National CineMedia's value of 15.88% is 59.2% below this industry median. Based on the distribution chart, National CineMedia ranks #397 out of 942 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, National CineMedia has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does National CineMedia's Gross Margin % compare to NEXN and TC?
According to the Media - Diversified industry distribution chart, National CineMedia ranks #397 out of 942 companies for Gross Margin %. This puts National CineMedia in the upper half of its industry. The industry median Gross Margin % is 38.94. National CineMedia's value of 15.88% is 59.2% below this benchmark. Historically, National CineMedia's own Gross Margin % has ranged from 32.90 to 72.70 over the past decade. While the company's 10-year median is 52.29 vs. the industry median of 38.94, National CineMedia 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 a Media - Diversified company?
The median Gross Margin % among Media - Diversified companies is 38.94, based on 942 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. National CineMedia's current Gross Margin % of 15.88% is 59.2% 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 National CineMedia and its competitors. For the Media - Diversified industry, the median Gross Margin % is 38.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National CineMedia's current Gross Margin % is 15.88%, which is 70% below median its own 10-year median of 52.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National CineMedia stock overvalued right now?
National CineMedia (FRA:XWM0) has a current Gross Margin % of 15.88%. The stock's GF Value™ is €3.87, compared to a current price of €3.32 — trading 14.2% below its estimated fair value. The current Gross Margin % is 15.88%, which is 70% below median its 10-year median of 52.29 and 59.2% below the Media - Diversified industry median of 38.94. National CineMedia's overall GF Score™ is 60/100 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 National CineMedia (FRA:XWM0), the current Gross Margin % is 15.88% 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 National CineMedia (FRA:XWM0) Overvalued in 2026?
Based on GuruFocus' analysis, National CineMedia stock appears to be undervalued.
The current stock price of €3.32 is trading 14.2% below its estimated GF Value™ of €3.87.
Key valuation signals for FRA:XWM0:
Gross Margin %: 15.88% (70% below median its 10-year median of 52.29)
GF Value™: €3.87 vs. price of €3.32 (14.2% below fair value)
Industry Position: 59.2% below the Media - Diversified median (#397 of 942)
No single metric tells the full story. See the FRA:XWM0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National CineMedia Inc is a cinema advertising platform in the U.S. It derives revenue from the sale of advertising to national, regional and local businesses through The Noovie Show and the CineLife Show, the cinema advertising and entertainment show seen on movie screens across the U.S., on LEN, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theater lobbies.
60GF Score
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