Birkenstock HoldingHAM:7PV -2.02%65 Gross Margin % is 53.94% as of Mar. 2026, which is 8% below its 10-year median of 58.94. GuruFocus rates HAM:7PV with a GF Score™ of 65/100 and a GF Value™ of €60.61 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,026 Manufacturing - Apparel & Accessories companies, Birkenstock Holding ranks better than 85.28% on this metric.
The historical rank and industry rank for Birkenstock Holding's Gross Margin % or its related term are showing as below:
HAM:7PV'
s Gross Margin % Range Over the Past 10 Years
Min: 35.73 Med: 58.94 Max: 62.05
Current: 57.19
During the past 6 years, the highestGross Margin % of Birkenstock Holding was 62.05%. The lowest was 35.73%. And the median was 58.94%.
HAM:7PV's Gross Margin % is ranked better than 85.28% of 1026
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.51
vs HAM:7PV: 57.19
Birkenstock Holding had a gross margin of 53.94% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Birkenstock Holding was 7.90% per year.
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
Birkenstock Holding had a gross margin of 53.94% 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.
Birkenstock Holding Gross Margin % Related Terms
Birkenstock Holding Gross Margin % Historical Data
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The historical data trend for Birkenstock Holding'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.
HAM:7PV vs CROX, ONON, SHOO: Gross Margin % Comparison
For the Footwear & Accessories subindustry, Birkenstock Holding'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.
Birkenstock Holding Gross Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Birkenstock Holding's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Birkenstock Holding'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.
Birkenstock Holding (HAM:7PV) has a Gross Margin % of 53.94% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Birkenstock Holding and its competitors. This is near median its historical median of 58.94. Over the past decade, Birkenstock Holding's Gross Margin % has ranged from 35.73 to 62.05. According to the industry distribution chart, Birkenstock Holding ranks #151 out of 1026 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 14.7%.
Is Birkenstock Holding's Gross Margin % too high?
Birkenstock Holding's current Gross Margin % of 53.94% is near median its 10-year median of 58.94. Over the past 10 years, this metric has ranged from a low of 35.73 to a high of 62.05. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.51. Birkenstock Holding's value of 53.94% is 89.2% above this industry median. Based on the distribution chart, Birkenstock Holding ranks #151 out of 1026 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Birkenstock Holding has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Birkenstock Holding's Gross Margin % compare to CROX and ONON?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Birkenstock Holding ranks #151 out of 1026 companies for Gross Margin %. This places Birkenstock Holding in the top 15% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 28.51. Birkenstock Holding's value of 53.94% is 89.2% above this benchmark. Historically, Birkenstock Holding's own Gross Margin % has ranged from 35.73 to 62.05 over the past decade. While the company's 10-year median is 58.94 vs. the industry median of 28.51, Birkenstock Holding 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 Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.51, based on 1,026 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. Birkenstock Holding's current Gross Margin % of 53.94% is 89.2% 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 Birkenstock Holding and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Birkenstock Holding's current Gross Margin % is 53.94%, which is near median its own 10-year median of 58.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Birkenstock Holding stock overvalued right now?
Based on GuruFocus' analysis, Birkenstock Holding (HAM:7PV) is currently considered Significantly Undervalued. The stock's GF Value™ is €60.61, compared to a current price of €38.85 — trading 35.9% below its estimated fair value. The current Gross Margin % is 53.94%, which is near median its 10-year median of 58.94 and 89.2% above the Manufacturing - Apparel & Accessories industry median of 28.51. Birkenstock Holding's overall GF Score™ is 65/100 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 Birkenstock Holding (HAM:7PV), the current Gross Margin % is 53.94% 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 Birkenstock Holding (HAM:7PV) Overvalued in 2026?
Based on GuruFocus' analysis, Birkenstock Holding stock appears to be undervalued.
The current stock price of €38.85 is trading 35.9% below its estimated GF Value™ of €60.61.
GuruFocus considers Birkenstock Holding to be Significantly Undervalued.
Key valuation signals for HAM:7PV:
Gross Margin %: 53.94% (near median its 10-year median of 58.94)
GF Value™: €60.61 vs. price of €38.85 (35.9% below fair value)
Industry Position: 89.2% above the Manufacturing - Apparel & Accessories median (#151 of 1026)
No single metric tells the full story. See the HAM:7PV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Birkenstock is a German footwear brand known for comfort-focused, timeless designs, with 76% of 2022 sales coming from its top five iconic models. Products are made in Europe using sustainable, mostly locally sourced materials. The brand combines orthopedic function with everyday style, appealing to a broad audience. The Americas account for 52% of sales, EMEA 37%, with the remainder coming from Asia-Pacific, which has also the higher future growth expectations.
65GF Score
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