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Pferdewetten de AG gross margin has been in long-term decline. The average rate of decline per year is -25.6%.
The historical rank and industry rank for Pferdewetten de AG's Gross Margin % or its related term are showing as below:
HAM:EMH'
s Gross Margin % Range Over the Past 10 Years
Min: -58.06 Med: 59.45 Max: 105.61
Current: -58.06
During the past 13 years, the highestGross Margin % of Pferdewetten de AG was 105.61%. The lowest was -58.06%. And the median was 59.45%.
HAM:EMH's Gross Margin % is ranked worse than 99.24% of 792
companies
in the Travel & Leisure industry
Industry Median: 43.5
vs HAM:EMH: -58.06
Pferdewetten de AG had a gross margin of -162.27% for the quarter that ended in Sep. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Pferdewetten de AG was -25.60% per year.
Pferdewetten de AG (HAM:EMH) 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
Pferdewetten de AG had a gross margin of -162.27% for the quarter that ended in Sep. 2025 => No sustainable 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.
Pferdewetten de AG Gross Margin % Related Terms
Pferdewetten de AG Gross Margin % Historical Data
* Premium members only.
The historical data trend for Pferdewetten de 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:EMH vs FLUT, DKNG, SGHC: Gross Margin % Comparison
For the Gambling subindustry, Pferdewetten de 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.
Pferdewetten de AG Gross Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Pferdewetten de AG's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Pferdewetten de 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.
Pferdewetten de AG (HAM:EMH) has a Gross Margin % of -162.27% as of Sep. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Pferdewetten de AG and its competitors. According to the industry distribution chart, Pferdewetten de AG ranks #786 out of 792 companies in the Travel & Leisure industry, placing it in the top 99.2%.
Is Pferdewetten de AG's Gross Margin % too high?
Pferdewetten de AG's current Gross Margin % is -162.27%. Based on the distribution chart, Pferdewetten de AG ranks #786 out of 792 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Pferdewetten de AG has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pferdewetten de AG's Gross Margin % compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Pferdewetten de AG ranks #786 out of 792 companies for Gross Margin %. This places Pferdewetten de AG in the lower half of its industry. The industry median Gross Margin % is 43.50. 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 Travel & Leisure company?
The median Gross Margin % among Travel & Leisure companies is 43.50, based on 792 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. 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 Pferdewetten de AG and its competitors. For the Travel & Leisure industry, the median Gross Margin % is 43.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pferdewetten de AG's current Gross Margin % is -162.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pferdewetten de AG stock overvalued right now?
Based on GuruFocus' analysis, Pferdewetten de AG (HAM:EMH) is currently considered Possible Value Trap. The stock's GF Value™ is €32.87, compared to a current price of €2.32 — trading 92.9% below its estimated fair value. The current Gross Margin % is -162.27%. Pferdewetten de AG'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 Pferdewetten de AG (HAM:EMH), the current Gross Margin % is -162.27% as of Sep. 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 Pferdewetten de AG (HAM:EMH) Overvalued in 2026?
Based on GuruFocus' analysis, Pferdewetten de AG stock appears to be undervalued.
The current stock price of €2.32 is trading 92.9% below its estimated GF Value™ of €32.87.
GuruFocus considers Pferdewetten de AG to be Possible Value Trap.
Key valuation signals for HAM:EMH:
Gross Margin %: -162.27%
GF Value™: €32.87 vs. price of €2.32 (92.9% below fair value)
No single metric tells the full story. See the HAM:EMH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pferdewetten de AG is involved in arranging and placing bets for horse racing and other sports events. It engages in the online and offline horse betting business in Germany. Its horse betting services range from betting on German galloping and trotting to English, French, and other international horse races. The company also provides online horse betting services through its Internet platform pferdewetten.de. In addition, it offers consultancy and training services for the implementation and processing of sports and horse betting.
65GF Score
Get the complete analysis for HAM:EMH
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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