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DocCheck AGHAM:AJ91 +0.85%71 Gross Margin % is 67.38% as of Dec. 2025, which is 1% above its 10-year median of 66.95. GuruFocus rates HAM:AJ91 with a GF Score™ of 71/100 and a GF Value™ of €9.52. The stock has 3 warning signs investors should review. Among 629 Healthcare Providers & Services companies, DocCheck AG ranks better than 76.47% on this metric.
The historical rank and industry rank for DocCheck AG's Gross Margin % or its related term are showing as below:
HAM:AJ91'
s Gross Margin % Range Over the Past 10 Years
Min: 50.62 Med: 66.95 Max: 69.66
Current: 67.45
During the past 13 years, the highestGross Margin % of DocCheck AG was 69.66%. The lowest was 50.62%. And the median was 66.95%.
HAM:AJ91's Gross Margin % is ranked better than 76.47% of 629
companies
in the Healthcare Providers & Services industry
Industry Median: 40.06
vs HAM:AJ91: 67.45
DocCheck AG had a gross margin of 67.38% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for DocCheck AG was 5.40% per year.
DocCheck AG (HAM:AJ91) 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
DocCheck AG had a gross margin of 67.38% 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.
DocCheck AG Gross Margin % Related Terms
DocCheck AG Gross Margin % Historical Data
* Premium members only.
The historical data trend for DocCheck AG'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:AJ91 vs VEEV, BTSG, TEM: Gross Margin % Comparison
For the Health Information Services subindustry, DocCheck AG'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.
DocCheck AG Gross Margin % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, DocCheck AG's Gross Margin % distribution charts can be found below:
* The bar in red indicates where DocCheck AG'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.
DocCheck AG (HAM:AJ91) has a Gross Margin % of 67.38% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on DocCheck AG and its competitors. This is near median its historical median of 66.95. Over the past decade, DocCheck AG's Gross Margin % has ranged from 50.62 to 69.66. According to the industry distribution chart, DocCheck AG ranks #148 out of 629 companies in the Healthcare Providers & Services industry, placing it in the top 23.5%.
Is DocCheck AG's Gross Margin % too high?
DocCheck AG's current Gross Margin % of 67.38% is near median its 10-year median of 66.95. Over the past 10 years, this metric has ranged from a low of 50.62 to a high of 69.66. The Healthcare Providers & Services industry median Gross Margin % is 40.06. DocCheck AG's value of 67.38% is 68.2% above this industry median. Based on the distribution chart, DocCheck AG ranks #148 out of 629 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, DocCheck AG has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does DocCheck AG's Gross Margin % compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, DocCheck AG ranks #148 out of 629 companies for Gross Margin %. This places DocCheck AG in the top 24% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 40.06. DocCheck AG's value of 67.38% is 68.2% above this benchmark. Historically, DocCheck AG's own Gross Margin % has ranged from 50.62 to 69.66 over the past decade. While the company's 10-year median is 66.95 vs. the industry median of 40.06, DocCheck AG 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 Healthcare Providers & Services company?
The median Gross Margin % among Healthcare Providers & Services companies is 40.06, based on 629 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. DocCheck AG's current Gross Margin % of 67.38% is 68.2% 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 DocCheck AG and its competitors. For the Healthcare Providers & Services industry, the median Gross Margin % is 40.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DocCheck AG's current Gross Margin % is 67.38%, which is near median its own 10-year median of 66.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DocCheck AG stock overvalued right now?
DocCheck AG (HAM:AJ91) has a current Gross Margin % of 67.38%. The stock's GF Value™ is €9.52, compared to a current price of €11.90 — trading 25% above its estimated fair value. The current Gross Margin % is 67.38%, which is near median its 10-year median of 66.95 and 68.2% above the Healthcare Providers & Services industry median of 40.06. DocCheck AG's overall GF Score™ is 71/100 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 DocCheck AG (HAM:AJ91), the current Gross Margin % is 67.38% 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 DocCheck AG (HAM:AJ91) Overvalued in 2026?
Based on GuruFocus' analysis, DocCheck AG stock appears to be overvalued.
The current stock price of €11.90 is trading 25% above its estimated GF Value™ of €9.52.
Key valuation signals for HAM:AJ91:
Gross Margin %: 67.38% (near median its 10-year median of 66.95)
GF Value™: €9.52 vs. price of €11.90 (25% above fair value)
Industry Position: 68.2% above the Healthcare Providers & Services median (#148 of 629)
No single metric tells the full story. See the HAM:AJ91 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DocCheck AG is a Germany-based company engaged in the healthcare sector. It operates through subsidiaries: antwerpes AG develops integrated communication concepts for the healthcare sector, including social media and digital communication with focus on e-marketing concepts, search engine optimization (SEO), search engine advertising (SEA) and search engine marketing (SEM); DocCheck Medical Services GmbH operates an online platform for healthcare professionals, such as physicians and pharmacists; DocCheck Medizinbedarf und Logistik GmbH wholesales medical products from third parties and also produces own medical products, and DocCheck Guano AG is a venture capital company with focus on e-health companies and promotes healthcare startups.
71GF Score
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