SBI HoldingsFRA:ZOF -1.57%83 Gross Margin % is 49.19% as of Mar. 2026, which is 18% below its 10-year median of 59.98. GuruFocus rates FRA:ZOF with a GF Score™ of 83/100 and a GF Value™ of €13.79 (Fairly Valued). The stock has 7 warning signs investors should review. Among 73 Diversified Financial Services companies, SBI Holdings ranks better than 57.53% on this metric.
SBI Holdings Inc gross margin has been in long-term decline. The average rate of decline per year is -3.6%.
The historical rank and industry rank for SBI Holdings's Gross Margin % or its related term are showing as below:
FRA:ZOF'
s Gross Margin % Range Over the Past 10 Years
Min: 54.18 Med: 59.98 Max: 67.64
Current: 57.76
During the past 13 years, the highestGross Margin % of SBI Holdings was 67.64%. The lowest was 54.18%. And the median was 59.98%.
FRA:ZOF's Gross Margin % is ranked better than 57.53% of 73
companies
in the Diversified Financial Services industry
Industry Median: 42.14
vs FRA:ZOF: 57.76
SBI Holdings had a gross margin of 49.19% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for SBI Holdings was -3.60% per year.
SBI Holdings (FRA:ZOF) 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
SBI Holdings had a gross margin of 49.19% 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.
SBI Holdings Gross Margin % Related Terms
SBI Holdings Gross Margin % Historical Data
* Premium members only.
The historical data trend for SBI Holdings'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.
For the Financial Conglomerates subindustry, SBI Holdings'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.
SBI Holdings Gross Margin % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, SBI Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where SBI Holdings'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.
SBI Holdings (FRA:ZOF) has a Gross Margin % of 49.19% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on SBI Holdings and its competitors. This is 18% below median its historical median of 59.98. Over the past decade, SBI Holdings' Gross Margin % has ranged from 54.18 to 67.64. According to the industry distribution chart, SBI Holdings ranks #31 out of 73 companies in the Diversified Financial Services industry, placing it in the top 42.5%.
Is SBI Holdings' Gross Margin % too high?
SBI Holdings' current Gross Margin % of 49.19% is 18% below median its 10-year median of 59.98. Over the past 10 years, this metric has ranged from a low of 54.18 to a high of 67.64. The Diversified Financial Services industry median Gross Margin % is 42.14. SBI Holdings' value of 49.19% is 16.7% above this industry median. Based on the distribution chart, SBI Holdings ranks #31 out of 73 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, SBI Holdings has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SBI Holdings' Gross Margin % compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, SBI Holdings ranks #31 out of 73 companies for Gross Margin %. This puts SBI Holdings in the upper half of its industry. The industry median Gross Margin % is 42.14. SBI Holdings' value of 49.19% is 16.7% above this benchmark. Historically, SBI Holdings' own Gross Margin % has ranged from 54.18 to 67.64 over the past decade. While the company's 10-year median is 59.98 vs. the industry median of 42.14, SBI Holdings 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 Diversified Financial Services company?
The median Gross Margin % among Diversified Financial Services companies is 42.14, based on 73 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. SBI Holdings's current Gross Margin % of 49.19% is 16.7% 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 SBI Holdings and its competitors. For the Diversified Financial Services industry, the median Gross Margin % is 42.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBI Holdings's current Gross Margin % is 49.19%, which is 18% below median its own 10-year median of 59.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBI Holdings stock overvalued right now?
Based on GuruFocus' analysis, SBI Holdings (FRA:ZOF) is currently considered Fairly Valued. The stock's GF Value™ is €13.79, compared to a current price of €14.45 — trading 4.7% above its estimated fair value. The current Gross Margin % is 49.19%, which is 18% below median its 10-year median of 59.98 and 16.7% above the Diversified Financial Services industry median of 42.14. SBI Holdings' overall GF Score™ is 83/100 with 7 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 SBI Holdings (FRA:ZOF), the current Gross Margin % is 49.19% 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 SBI Holdings (FRA:ZOF) Overvalued in 2026?
Based on GuruFocus' analysis, SBI Holdings stock appears to be overvalued.
The current stock price of €14.45 is trading 4.7% above its estimated GF Value™ of €13.79.
GuruFocus considers SBI Holdings to be Fairly Valued.
Key valuation signals for FRA:ZOF:
Gross Margin %: 49.19% (18% below median its 10-year median of 59.98)
GF Value™: €13.79 vs. price of €14.45 (4.7% above fair value)
Industry Position: 16.7% above the Diversified Financial Services median (#31 of 73)
No single metric tells the full story. See the FRA:ZOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SBI Holdings Inc is a financial conglomerate that offers a variety of services in securities, banking, and insurance. The company operates through five segments. The Asset Management segment provides investment management, advice, and financial product information. The Crypto Asset segment offers crypto exchange and trading services. The Financial Services segment covers securities, banking, and insurance activities in Japan and abroad. The Investment segment invests in IT, fintech, blockchain, finance, and biotech ventures. The Next Generation Business develops and sells pharmaceuticals, health foods, and cosmetics, conducts R&D in cancer and immunology, offers digital medical solutions, and engages in medical finance. It generates majority of its revenue from Financial services segment.
83GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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