GreggsGGGSF 78 Gross Margin % is 61.45% as of Dec. 2025, which is 2% below its 10-year median of 62.83. GuruFocus rates GGGSF with a GF Score™ of 78/100 and a GF Value™ of $45.81 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 359 Restaurants companies, Greggs ranks better than 73.26% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Greggs's Gross Profit for the
six
months ended in Dec. 2025 was $924 Mil. Greggs's Revenue for the
six
months ended in Dec. 2025 was $1,504 Mil. Therefore, Greggs's Gross Margin % for the quarter that ended in Dec. 2025 was 61.45%.
The historical rank and industry rank for Greggs's Gross Margin % or its related term are showing as below:
GGGSF'
s Gross Margin % Range Over the Past 10 Years
Min: 60.74 Med: 62.83 Max: 64.2
Current: 61.46
During the past 13 years, the highestGross Margin % of Greggs was 64.20%. The lowest was 60.74%. And the median was 62.83%.
GGGSF's Gross Margin % is ranked better than 73.26% of 359
companies
in the Restaurants industry
Industry Median: 45.71
vs GGGSF: 61.46
Greggs had a gross margin of 61.45% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Greggs was -0.70% per year.
Greggs (OTCPK:GGGSF) 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
Greggs had a gross margin of 61.45% 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.
Greggs Gross Margin % Related Terms
Greggs Gross Margin % Historical Data
* Premium members only.
The historical data trend for Greggs'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.
GGGSF vs MCD, SBUX, CMG: Gross Margin % Comparison
For the Restaurants subindustry, Greggs'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.
Greggs Gross Margin % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Greggs's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Greggs'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.
Greggs (GGGSF) has a Gross Margin % of 61.45% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Greggs and its competitors. This is near median its historical median of 62.83. Over the past decade, Greggs' Gross Margin % has ranged from 60.74 to 64.20. According to the industry distribution chart, Greggs ranks #96 out of 359 companies in the Restaurants industry, placing it in the top 26.7%.
Is Greggs' Gross Margin % too high?
Greggs' current Gross Margin % of 61.45% is near median its 10-year median of 62.83. Over the past 10 years, this metric has ranged from a low of 60.74 to a high of 64.20. The Restaurants industry median Gross Margin % is 45.71. Greggs' value of 61.45% is 34.4% above this industry median. Based on the distribution chart, Greggs ranks #96 out of 359 companies in the Restaurants industry, which is above the industry midpoint. Overall, Greggs has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Greggs' Gross Margin % compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Greggs ranks #96 out of 359 companies for Gross Margin %. This puts Greggs in the upper half of its industry. The industry median Gross Margin % is 45.71. Greggs' value of 61.45% is 34.4% above this benchmark. Historically, Greggs' own Gross Margin % has ranged from 60.74 to 64.20 over the past decade. While the company's 10-year median is 62.83 vs. the industry median of 45.71, Greggs 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 Restaurants company?
The median Gross Margin % among Restaurants companies is 45.71, based on 359 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. Greggs's current Gross Margin % of 61.45% is 34.4% 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 Greggs and its competitors. For the Restaurants industry, the median Gross Margin % is 45.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Greggs's current Gross Margin % is 61.45%, which is near median its own 10-year median of 62.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Greggs stock overvalued right now?
Based on GuruFocus' analysis, Greggs (GGGSF) is currently considered Significantly Undervalued. The stock's GF Value™ is $45.81, compared to a current price of $20.51 — trading 55.2% below its estimated fair value. The current Gross Margin % is 61.45%, which is near median its 10-year median of 62.83 and 34.4% above the Restaurants industry median of 45.71. Greggs' overall GF Score™ is 78/100 with 4 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 Greggs (GGGSF), the current Gross Margin % is 61.45% 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 Greggs (GGGSF) Overvalued in 2026?
Based on GuruFocus' analysis, Greggs stock appears to be undervalued.
The current stock price of $20.51 is trading 55.2% below its estimated GF Value™ of $45.81.
GuruFocus considers Greggs to be Significantly Undervalued.
Key valuation signals for GGGSF:
Gross Margin %: 61.45% (near median its 10-year median of 62.83)
GF Value™: $45.81 vs. price of $20.51 (55.2% below fair value)
Industry Position: 34.4% above the Restaurants median (#96 of 359)
No single metric tells the full story. See the GGGSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Greggs PLC is a U.K.-based company that is principally engaged in manufacturing, distributing, and retailing bakery goods, sandwiches, and drinks under the Greggs brand. The company focuses on the food-on-the-go market. It has a vertically integrated supply network, with its bakeries & delivery network. Greggs operates in two segments: Company-managed retail activities and the Business-to-business channel. The majority of its revenue is generated from the Company-managed retail activities segment, in which the Group sells a consistent range of fresh bakery goods, sandwiches, and drinks in its own shops or via delivery. Sales are made to the general public on a cash basis. All results arise in the United Kingdom.
78GF Score
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