Bang & Olufsen AS (HAM:BUOB) Gross Margin %: 58.26% (As of Nov. 2025) — 33% Above Median


HAM:BUOB Bang & Olufsen AS HAM:BUOB
55 GF Score
Price €1.20
GF Value €1.27
! 2 Warning Signs
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What is Bang & Olufsen AS Gross Margin %?

Bang & Olufsen AS HAM:BUOB +1.01% 55 Gross Margin % is 58.26% as of Nov. 2025, which is 33% above its 10-year median of 43.89. GuruFocus rates HAM:BUOB with a GF Score™ of 55/100 and a GF Value™ of €1.27. The stock has 2 warning signs investors should review. Among 2,454 Hardware companies, Bang & Olufsen AS ranks better than 91.56% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Bang & Olufsen AS's Gross Profit for the six months ended in Nov. 2025 was €93.1 Mil. Bang & Olufsen AS's Revenue for the six months ended in Nov. 2025 was €159.7 Mil. Therefore, Bang & Olufsen AS's Gross Margin % for the quarter that ended in Nov. 2025 was 58.26%.


The historical rank and industry rank for Bang & Olufsen AS's Gross Margin % or its related term are showing as below:

HAM:BUOB' s Gross Margin % Range Over the Past 10 Years
Min: 36.15   Med: 43.89   Max: 56.87
Current: 56.87


During the past 13 years, the highest Gross Margin % of Bang & Olufsen AS was 56.87%. The lowest was 36.15%. And the median was 43.89%.

HAM:BUOB's Gross Margin % is ranked better than
91.56% of 2454 companies
in the Hardware industry
Industry Median: 24.565 vs HAM:BUOB: 56.87

Bang & Olufsen AS had a gross margin of 58.26% for the quarter that ended in Nov. 2025 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Bang & Olufsen AS was 6.00% per year.


Bang & Olufsen AS  (HAM:BUOB) 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

Bang & Olufsen AS had a gross margin of 58.26% for the quarter that ended in Nov. 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.


Bang & Olufsen AS Gross Margin % Related Terms


Bang & Olufsen AS Gross Margin % Historical Data

* Premium members only.

The historical data trend for Bang & Olufsen AS'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.

Bang & Olufsen AS Gross Margin % Chart

Bang & Olufsen AS Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.32 45.32 44.15 53.28 54.99

Bang & Olufsen AS Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 52.84 53.74 54.35 55.61 58.26

HAM:BUOB vs AAPL: Gross Margin % Comparison

For the Consumer Electronics subindustry, Bang & Olufsen AS'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.


Bang & Olufsen AS Gross Margin % vs Hardware Industry

For the Hardware industry and Technology sector, Bang & Olufsen AS's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Bang & Olufsen AS's Gross Margin % falls into.


HAM:BUOB
55GF Score
Bang & Olufsen AS HAM:BUOB
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Bang & Olufsen AS Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Bang & Olufsen AS's Gross Margin for the fiscal year that ended in May. 2025 is calculated as

Gross Margin % (A: May. 2025 )=Gross Profit (A: May. 2025 ) / Revenue (A: May. 2025 )
=188.2 / 342.19
=(Revenue - Cost of Goods Sold) / Revenue
=(342.19 - 154.006) / 342.19
=54.99 %

Bang & Olufsen AS's Gross Margin for the quarter that ended in Nov. 2025 is calculated as


Gross Margin % (Q: Nov. 2025 )=Gross Profit (Q: Nov. 2025 ) / Revenue (Q: Nov. 2025 )
=93.1 / 159.724
=(Revenue - Cost of Goods Sold) / Revenue
=(159.724 - 66.674) / 159.724
=58.26 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 58.26% mean?
Bang & Olufsen AS (HAM:BUOB) has a Gross Margin % of 58.26% as of Nov. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Bang & Olufsen AS and its competitors. This is 33% above median its historical median of 43.89. Over the past decade, Bang & Olufsen AS's Gross Margin % has ranged from 36.15 to 56.87. According to the industry distribution chart, Bang & Olufsen AS ranks #207 out of 2454 companies in the Hardware industry, placing it in the top 8.4%.
Is Bang & Olufsen AS's Gross Margin % too high?
Bang & Olufsen AS's current Gross Margin % of 58.26% is 33% above median its 10-year median of 43.89. Over the past 10 years, this metric has ranged from a low of 36.15 to a high of 56.87. The Hardware industry median Gross Margin % is 24.57. Bang & Olufsen AS's value of 58.26% is 137.2% above this industry median. Based on the distribution chart, Bang & Olufsen AS ranks #207 out of 2454 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Bang & Olufsen AS has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Bang & Olufsen AS's Gross Margin % compare to AAPL?
According to the Hardware industry distribution chart, Bang & Olufsen AS ranks #207 out of 2454 companies for Gross Margin %. This places Bang & Olufsen AS in the top 8% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 24.57. Bang & Olufsen AS's value of 58.26% is 137.2% above this benchmark. Historically, Bang & Olufsen AS's own Gross Margin % has ranged from 36.15 to 56.87 over the past decade. While the company's 10-year median is 43.89 vs. the industry median of 24.57, Bang & Olufsen AS 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 Hardware company?
The median Gross Margin % among Hardware companies is 24.57, based on 2,454 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. Bang & Olufsen AS's current Gross Margin % of 58.26% is 137.2% 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 Bang & Olufsen AS and its competitors. For the Hardware industry, the median Gross Margin % is 24.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bang & Olufsen AS's current Gross Margin % is 58.26%, which is 33% above median its own 10-year median of 43.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bang & Olufsen AS stock overvalued right now?
Bang & Olufsen AS (HAM:BUOB) has a current Gross Margin % of 58.26%. The stock's GF Value™ is €1.27, compared to a current price of €1.20 — trading 5.8% below its estimated fair value. The current Gross Margin % is 58.26%, which is 33% above median its 10-year median of 43.89 and 137.2% above the Hardware industry median of 24.57. Bang & Olufsen AS's overall GF Score™ is 55/100 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 Bang & Olufsen AS (HAM:BUOB), the current Gross Margin % is 58.26% as of Nov. 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 Bang & Olufsen AS (HAM:BUOB) Overvalued in 2026?

Based on GuruFocus' analysis, Bang & Olufsen AS stock appears to be undervalued. The current stock price of €1.20 is trading 5.8% below its estimated GF Value™ of €1.27.

Key valuation signals for HAM:BUOB:

  • Gross Margin %: 58.26% (33% above median its 10-year median of 43.89)
  • GF Value™: €1.27 vs. price of €1.20 (5.8% below fair value)
  • GF Score™: 55/100 with 2 warning signs
  • Industry Position: 137.2% above the Hardware median (#207 of 2454)

No single metric tells the full story. See the HAM:BUOB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bang & Olufsen AS Business Description

Address Bang og Olufsen Alle 1, Struer, DNK, 7600
Bang & Olufsen AS designs, develops, and markets audio and video products including music systems, loudspeakers, television sets, headphones, other multimedia products, and related accessories. Its operating segments include EMEA, which is the company's key revenue-generating segment, followed by the Americas and Asia-Pacific (APAC). The company generates maximum revenue from the Staged product category, followed by On-the-go, Flexible Living, and Brand Partnering and other activities.
55GF Score

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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.20
Price
€1.27
GF Value