Borussia Dortmund GmbH KGaA (HAM:BVB) Gross Margin %: 93.89% (As of Mar. 2026) — Near Median


HAM:BVB Borussia Dortmund GmbH & Co KGaA HAM:BVB
65 GF Score
Price €2.99
GF Value €3.50
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Borussia Dortmund GmbH KGaA Gross Margin %?

Borussia Dortmund GmbH KGaA HAM:BVB -1.16% 65 Gross Margin % is 93.89% as of Mar. 2026, which is 0% below its 10-year median of 94.05. GuruFocus rates HAM:BVB with a GF Score™ of 65/100 and a GF Value™ of €3.50 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 953 Media - Diversified companies, Borussia Dortmund GmbH KGaA ranks better than 95.28% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Borussia Dortmund GmbH KGaA's Gross Profit for the three months ended in Mar. 2026 was €117.3 Mil. Borussia Dortmund GmbH KGaA's Revenue for the three months ended in Mar. 2026 was €124.9 Mil. Therefore, Borussia Dortmund GmbH KGaA's Gross Margin % for the quarter that ended in Mar. 2026 was 93.89%.


The historical rank and industry rank for Borussia Dortmund GmbH KGaA's Gross Margin % or its related term are showing as below:

HAM:BVB' s Gross Margin % Range Over the Past 10 Years
Min: 93.18   Med: 94.05   Max: 96.25
Current: 94.65


During the past 13 years, the highest Gross Margin % of Borussia Dortmund GmbH KGaA was 96.25%. The lowest was 93.18%. And the median was 94.05%.

HAM:BVB's Gross Margin % is ranked better than
95.28% of 953 companies
in the Media - Diversified industry
Industry Median: 38.9 vs HAM:BVB: 94.65

Borussia Dortmund GmbH KGaA had a gross margin of 93.89% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Borussia Dortmund GmbH KGaA was 0.10% per year.


Borussia Dortmund GmbH KGaA  (HAM:BVB) 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

Borussia Dortmund GmbH KGaA had a gross margin of 93.89% 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.


Borussia Dortmund GmbH KGaA Gross Margin % Related Terms


Borussia Dortmund GmbH KGaA Gross Margin % Historical Data

* Premium members only.

The historical data trend for Borussia Dortmund GmbH KGaA'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.

Borussia Dortmund GmbH KGaA Gross Margin % Chart

Borussia Dortmund GmbH KGaA Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 94.14 93.56 94.23 93.57 94.80

Borussia Dortmund GmbH KGaA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 94.58 97.01 94.10 93.50 93.89

HAM:BVB vs NFLX, DIS, WBD: Gross Margin % Comparison

For the Entertainment subindustry, Borussia Dortmund GmbH KGaA'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.


Borussia Dortmund GmbH KGaA Gross Margin % vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Borussia Dortmund GmbH KGaA's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Borussia Dortmund GmbH KGaA's Gross Margin % falls into.


HAM:BVB
65GF Score
Borussia Dortmund GmbH & Co KGaA HAM:BVB
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Borussia Dortmund GmbH KGaA Gross Margin % Calculation

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

Borussia Dortmund GmbH KGaA's Gross Margin for the fiscal year that ended in Jun. 2025 is calculated as

Gross Margin % (A: Jun. 2025 )=Gross Profit (A: Jun. 2025 ) / Revenue (A: Jun. 2025 )
=498.7 / 526.019
=(Revenue - Cost of Goods Sold) / Revenue
=(526.019 - 27.359) / 526.019
=94.80 %

Borussia Dortmund GmbH KGaA's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=117.3 / 124.931
=(Revenue - Cost of Goods Sold) / Revenue
=(124.931 - 7.636) / 124.931
=93.89 %

* 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 93.89% mean?
Borussia Dortmund GmbH KGaA (HAM:BVB) has a Gross Margin % of 93.89% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Borussia Dortmund GmbH KGaA and its competitors. This is near median its historical median of 94.05. Over the past decade, Borussia Dortmund GmbH KGaA's Gross Margin % has ranged from 93.18 to 96.25. According to the industry distribution chart, Borussia Dortmund GmbH KGaA ranks #45 out of 953 companies in the Media - Diversified industry, placing it in the top 4.7%.
Is Borussia Dortmund GmbH KGaA's Gross Margin % too high?
Borussia Dortmund GmbH KGaA's current Gross Margin % of 93.89% is near median its 10-year median of 94.05. Over the past 10 years, this metric has ranged from a low of 93.18 to a high of 96.25. The Media - Diversified industry median Gross Margin % is 38.90. Borussia Dortmund GmbH KGaA's value of 93.89% is 141.4% above this industry median. Based on the distribution chart, Borussia Dortmund GmbH KGaA ranks #45 out of 953 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Borussia Dortmund GmbH KGaA has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Borussia Dortmund GmbH KGaA's Gross Margin % compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Borussia Dortmund GmbH KGaA ranks #45 out of 953 companies for Gross Margin %. This places Borussia Dortmund GmbH KGaA in the top 5% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 38.90. Borussia Dortmund GmbH KGaA's value of 93.89% is 141.4% above this benchmark. Historically, Borussia Dortmund GmbH KGaA's own Gross Margin % has ranged from 93.18 to 96.25 over the past decade. While the company's 10-year median is 94.05 vs. the industry median of 38.90, Borussia Dortmund GmbH KGaA 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 Media - Diversified company?
The median Gross Margin % among Media - Diversified companies is 38.90, based on 953 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. Borussia Dortmund GmbH KGaA's current Gross Margin % of 93.89% is 141.4% 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 Borussia Dortmund GmbH KGaA and its competitors. For the Media - Diversified industry, the median Gross Margin % is 38.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Borussia Dortmund GmbH KGaA's current Gross Margin % is 93.89%, which is near median its own 10-year median of 94.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borussia Dortmund GmbH KGaA stock overvalued right now?
Based on GuruFocus' analysis, Borussia Dortmund GmbH KGaA (HAM:BVB) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.50, compared to a current price of €2.99 — trading 14.7% below its estimated fair value. The current Gross Margin % is 93.89%, which is near median its 10-year median of 94.05 and 141.4% above the Media - Diversified industry median of 38.90. Borussia Dortmund GmbH KGaA's overall GF Score™ is 65/100 with 5 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 Borussia Dortmund GmbH KGaA (HAM:BVB), the current Gross Margin % is 93.89% 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 Borussia Dortmund GmbH KGaA (HAM:BVB) Overvalued in 2026?

Based on GuruFocus' analysis, Borussia Dortmund GmbH KGaA stock appears to be undervalued. The current stock price of €2.99 is trading 14.7% below its estimated GF Value™ of €3.50. GuruFocus considers Borussia Dortmund GmbH KGaA to be Modestly Undervalued.

Key valuation signals for HAM:BVB:

  • Gross Margin %: 93.89% (near median its 10-year median of 94.05)
  • GF Value™: €3.50 vs. price of €2.99 (14.7% below fair value)
  • GF Score™: 65/100 with 5 warning signs
  • Industry Position: 141.4% above the Media - Diversified median (#45 of 953)

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


Borussia Dortmund GmbH KGaA Business Description

Address Rheinlanddamm 207-209, Dortmund, NW, DEU, 44137
Borussia Dortmund GmbH & Co KGaA operates a football club. The company conducts its business through the following segments: Borussia Dortmund GmbH & Co. KGaA operates a football club that includes a professional football squad and leverages revenue potential from player transfers, catering, TV marketing, sponsorship, and ticketing. The BVB Merchandising segment consists of a separate merchandising business. The BVB Event and Catering GmbH segment conducts tours, provides and arranges event staffing services, plans and organizes, caters, and manages events of all types. The Besttravel Dortmund GmbH segment arranges travel by air, rail, and ship. The company earns the majority of its revenues from the Borussia Dortmund GmbH & Co. KGaA segment.
65GF Score

Get the complete analysis for HAM:BVB

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

€2.99
Price
€3.50
GF Value