Private Assets SE KGaAHAM:LSNA 20 Gross Margin % is 18.61% as of Dec. 2025, which is 2% below its 10-year median of 19.03. GuruFocus rates HAM:LSNA with a GF Score™ of 20/100. The stock has 8 warning signs investors should review. Among 550 Asset Management companies, Private Assets SE KGaA ranks worse than 82.18% on this metric.
HAM:LSNA's Gross Margin % is ranked worse than 82.18% of 550
companies
in the Asset Management industry
Industry Median: 57.9
vs HAM:LSNA: 18.31
Private Assets SE KGaA had a gross margin of 18.61% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Private Assets SE KGaA was 0.00% per year.
Private Assets SE KGaA (HAM:LSNA) 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
Private Assets SE KGaA had a gross margin of 18.61% 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.
Private Assets SE KGaA Gross Margin % Related Terms
Private Assets SE KGaA Gross Margin % Historical Data
* Premium members only.
The historical data trend for Private Assets SE 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.
HAM:LSNA vs BLK, BX, KKR: Gross Margin % Comparison
For the Asset Management subindustry, Private Assets SE 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.
Private Assets SE KGaA Gross Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Private Assets SE KGaA's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Private Assets SE KGaA'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.
Private Assets SE KGaA (HAM:LSNA) has a Gross Margin % of 18.61% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Private Assets SE KGaA and its competitors. This is near median its historical median of 19.03. According to the industry distribution chart, Private Assets SE KGaA ranks #452 out of 550 companies in the Asset Management industry, placing it in the top 82.2%.
Is Private Assets SE KGaA's Gross Margin % too high?
Private Assets SE KGaA's current Gross Margin % of 18.61% is near median its 10-year median of 19.03. The Asset Management industry median Gross Margin % is 57.90. Private Assets SE KGaA's value of 18.61% is 67.9% below this industry median. Based on the distribution chart, Private Assets SE KGaA ranks #452 out of 550 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Private Assets SE KGaA has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Private Assets SE KGaA's Gross Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Private Assets SE KGaA ranks #452 out of 550 companies for Gross Margin %. This places Private Assets SE KGaA in the lower half of its industry. The industry median Gross Margin % is 57.90. Private Assets SE KGaA's value of 18.61% is 67.9% below this benchmark. While the company's 10-year median is 19.03 vs. the industry median of 57.90, Private Assets SE KGaA 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 Asset Management company?
The median Gross Margin % among Asset Management companies is 57.90, based on 550 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. Private Assets SE KGaA's current Gross Margin % of 18.61% is 67.9% 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 Private Assets SE KGaA and its competitors. For the Asset Management industry, the median Gross Margin % is 57.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Private Assets SE KGaA's current Gross Margin % is 18.61%, which is near median its own 10-year median of 19.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Private Assets SE KGaA stock overvalued right now?
Private Assets SE KGaA (HAM:LSNA) has a current Gross Margin % of 18.61%. The current Gross Margin % is 18.61%, which is near median its 10-year median of 19.03 and 67.9% below the Asset Management industry median of 57.90. Private Assets SE KGaA's overall GF Score™ is 20/100 with 8 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 Private Assets SE KGaA (HAM:LSNA), the current Gross Margin % is 18.61% 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.
Private Assets SE & Co KGaA is a Hamburg-based investment company that specializes in corporate investments in special situations. It invests in companies with open succession issues, corporate spin-offs, and medium-sized companies that are currently underperforming.
20GF Score
Get the complete analysis for HAM:LSNA
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HAM:LSNA has been successfully added to your 
