HAM:SB1's Gross Margin % is ranked better than 55.81% of 620
companies
in the Capital Markets industry
Industry Median: 49.63
vs HAM:SB1: 55.13
Smartbroker Holding AG had a gross margin of 47.46% for the quarter that ended in Jun. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Smartbroker Holding AG was -1.90% per year.
Smartbroker Holding AG (HAM:SB1) 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
Smartbroker Holding AG had a gross margin of 47.46% for the quarter that ended in Jun. 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.
Smartbroker Holding AG Gross Margin % Related Terms
Smartbroker Holding AG Gross Margin % Historical Data
* Premium members only.
The historical data trend for Smartbroker Holding 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:SB1 vs SPGI, CME, MCO: Gross Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, Smartbroker Holding 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.
Smartbroker Holding AG Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Smartbroker Holding AG's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Smartbroker Holding 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.
Smartbroker Holding AG (HAM:SB1) has a Gross Margin % of 47.46% as of Jun. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Smartbroker Holding AG and its competitors. This is 35% below median its historical median of 73.56. Over the past decade, Smartbroker Holding AG's Gross Margin % has ranged from 48.84 to 87.17. According to the industry distribution chart, Smartbroker Holding AG ranks #274 out of 620 companies in the Capital Markets industry, placing it in the top 44.2%.
Is Smartbroker Holding AG's Gross Margin % too high?
Smartbroker Holding AG's current Gross Margin % of 47.46% is 35% below median its 10-year median of 73.56. Over the past 10 years, this metric has ranged from a low of 48.84 to a high of 87.17. The Capital Markets industry median Gross Margin % is 49.63. Smartbroker Holding AG's value of 47.46% is 4.4% below this industry median. Based on the distribution chart, Smartbroker Holding AG ranks #274 out of 620 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Smartbroker Holding AG has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Smartbroker Holding AG's Gross Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Smartbroker Holding AG ranks #274 out of 620 companies for Gross Margin %. This puts Smartbroker Holding AG in the upper half of its industry. The industry median Gross Margin % is 49.63. Smartbroker Holding AG's value of 47.46% is 4.4% below this benchmark. Historically, Smartbroker Holding AG's own Gross Margin % has ranged from 48.84 to 87.17 over the past decade. While the company's 10-year median is 73.56 vs. the industry median of 49.63, Smartbroker Holding 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 a Capital Markets company?
The median Gross Margin % among Capital Markets companies is 49.63, based on 620 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. Smartbroker Holding AG's current Gross Margin % of 47.46% is 4.4% 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 Smartbroker Holding AG and its competitors. For the Capital Markets industry, the median Gross Margin % is 49.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smartbroker Holding AG's current Gross Margin % is 47.46%, which is 35% below median its own 10-year median of 73.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smartbroker Holding AG stock overvalued right now?
Smartbroker Holding AG (HAM:SB1) has a current Gross Margin % of 47.46%. The stock's GF Value™ is €10.80, compared to a current price of €10.55 — trading 2.3% below its estimated fair value. The current Gross Margin % is 47.46%, which is 35% below median its 10-year median of 73.56 and 4.4% below the Capital Markets industry median of 49.63. Smartbroker Holding AG's overall GF Score™ is 82/100 with 3 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 Smartbroker Holding AG (HAM:SB1), the current Gross Margin % is 47.46% as of Jun. 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 Smartbroker Holding AG (HAM:SB1) Overvalued in 2026?
Based on GuruFocus' analysis, Smartbroker Holding AG stock appears to be undervalued.
The current stock price of €10.55 is trading 2.3% below its estimated GF Value™ of €10.80.
Key valuation signals for HAM:SB1:
Gross Margin %: 47.46% (35% below median its 10-year median of 73.56)
GF Value™: €10.80 vs. price of €10.55 (2.3% below fair value)
Industry Position: 4.4% below the Capital Markets median (#274 of 620)
No single metric tells the full story. See the HAM:SB1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smartbroker Holding AG operates as a trading portal. It offers information regarding market, economics and finance. The company also provides community news, commentary and analysis and security details to equities, commodities ETFs, funds and certificates.
82GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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