Lechwerke AGHAM:LEC -0.80%60 Gross Margin % is 13.08% as of Dec. 2025, which is 14% above its 10-year median of 11.47. GuruFocus rates HAM:LEC with a GF Score™ of 60/100 and a GF Value™ of €43.87 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 489 Utilities - Regulated companies, Lechwerke AG ranks worse than 82.21% on this metric.
The historical rank and industry rank for Lechwerke AG's Gross Margin % or its related term are showing as below:
HAM:LEC'
s Gross Margin % Range Over the Past 10 Years
Min: 4.33 Med: 11.47 Max: 15.74
Current: 14.55
During the past 13 years, the highestGross Margin % of Lechwerke AG was 15.74%. The lowest was 4.33%. And the median was 11.47%.
HAM:LEC's Gross Margin % is ranked worse than 82.21% of 489
companies
in the Utilities - Regulated industry
Industry Median: 30.88
vs HAM:LEC: 14.55
Lechwerke AG had a gross margin of 13.08% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Lechwerke AG was 14.70% per year.
Lechwerke AG (HAM:LEC) 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
Lechwerke AG had a gross margin of 13.08% for the quarter that ended in Dec. 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.
Lechwerke AG Gross Margin % Related Terms
Lechwerke AG Gross Margin % Historical Data
* Premium members only.
The historical data trend for Lechwerke 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.
For the Utilities - Diversified subindustry, Lechwerke 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.
Lechwerke AG Gross Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Lechwerke AG's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Lechwerke 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.
Lechwerke AG (HAM:LEC) has a Gross Margin % of 13.08% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Lechwerke AG and its competitors. This is 14% above median its historical median of 11.47. Over the past decade, Lechwerke AG's Gross Margin % has ranged from 4.33 to 15.74. According to the industry distribution chart, Lechwerke AG ranks #402 out of 489 companies in the Utilities - Regulated industry, placing it in the top 82.2%.
Is Lechwerke AG's Gross Margin % too high?
Lechwerke AG's current Gross Margin % of 13.08% is 14% above median its 10-year median of 11.47. Over the past 10 years, this metric has ranged from a low of 4.33 to a high of 15.74. The Utilities - Regulated industry median Gross Margin % is 30.88. Lechwerke AG's value of 13.08% is 57.6% below this industry median. Based on the distribution chart, Lechwerke AG ranks #402 out of 489 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Lechwerke AG has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lechwerke AG's Gross Margin % compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, Lechwerke AG ranks #402 out of 489 companies for Gross Margin %. This places Lechwerke AG in the lower half of its industry. The industry median Gross Margin % is 30.88. Lechwerke AG's value of 13.08% is 57.6% below this benchmark. Historically, Lechwerke AG's own Gross Margin % has ranged from 4.33 to 15.74 over the past decade. While the company's 10-year median is 11.47 vs. the industry median of 30.88, Lechwerke AG has consistently been below 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 an Utilities - Regulated company?
The median Gross Margin % among Utilities - Regulated companies is 30.88, based on 489 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. Lechwerke AG's current Gross Margin % of 13.08% is 57.6% below 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 Lechwerke AG and its competitors. For the Utilities - Regulated industry, the median Gross Margin % is 30.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lechwerke AG's current Gross Margin % is 13.08%, which is 14% above median its own 10-year median of 11.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lechwerke AG stock overvalued right now?
Based on GuruFocus' analysis, Lechwerke AG (HAM:LEC) is currently considered Modestly Overvalued. The stock's GF Value™ is €43.87, compared to a current price of €62.00 — trading 41.3% above its estimated fair value. The current Gross Margin % is 13.08%, which is 14% above median its 10-year median of 11.47 and 57.6% below the Utilities - Regulated industry median of 30.88. Lechwerke AG's overall GF Score™ is 60/100 with 6 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 Lechwerke AG (HAM:LEC), the current Gross Margin % is 13.08% 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 Lechwerke AG (HAM:LEC) Overvalued in 2026?
Based on GuruFocus' analysis, Lechwerke AG stock appears to be overvalued.
The current stock price of €62.00 is trading 41.3% above its estimated GF Value™ of €43.87.
GuruFocus considers Lechwerke AG to be Modestly Overvalued.
Key valuation signals for HAM:LEC:
Gross Margin %: 13.08% (14% above median its 10-year median of 11.47)
GF Value™: €43.87 vs. price of €62.00 (41.3% above fair value)
Industry Position: 57.6% below the Utilities - Regulated median (#402 of 489)
No single metric tells the full story. See the HAM:LEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lechwerke AG is a regional energy supplier in Bavaria and parts of Baden-Wurttemberg. The company offers both electricity and gas products as well as all energy-related services such as contracting, energy certificates and energy controlling. The company also works in the field of street lighting as well as the development and implementation of energy efficiency projects and comprehensive energy concepts.
60GF Score
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