Trade & Value AGHAM:TAV 38 Gross Margin % is 16.41% as of Dec. 2025, which is 148% above its 10-year median of 6.62. GuruFocus rates HAM:TAV with a GF Score™ of 38/100 and a GF Value™ of €0.46 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 551 Asset Management companies, Trade & Value AG ranks worse than 83.12% on this metric.
The historical rank and industry rank for Trade & Value AG's Gross Margin % or its related term are showing as below:
HAM:TAV'
s Gross Margin % Range Over the Past 10 Years
Min: 0.31 Med: 6.62 Max: 16.41
Current: 16.41
During the past 13 years, the highestGross Margin % of Trade & Value AG was 16.41%. The lowest was 0.31%. And the median was 6.62%.
HAM:TAV's Gross Margin % is ranked worse than 83.12% of 551
companies
in the Asset Management industry
Industry Median: 57.53
vs HAM:TAV: 16.41
Trade & Value AG had a gross margin of 16.41% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Trade & Value AG was 95.50% per year.
Trade & Value AG (HAM:TAV) 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
Trade & Value AG had a gross margin of 16.41% 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.
Trade & Value AG Gross Margin % Related Terms
Trade & Value AG Gross Margin % Historical Data
* Premium members only.
The historical data trend for Trade & Value 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:TAV vs BLK, BX, KKR: Gross Margin % Comparison
For the Asset Management subindustry, Trade & Value 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.
Trade & Value AG Gross Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Trade & Value AG's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Trade & Value 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.
Trade & Value AG (HAM:TAV) has a Gross Margin % of 16.41% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Trade & Value AG and its competitors. This is 148% above median its historical median of 6.62. Over the past decade, Trade & Value AG's Gross Margin % has ranged from 0.31 to 16.41. According to the industry distribution chart, Trade & Value AG ranks #458 out of 551 companies in the Asset Management industry, placing it in the top 83.1%.
Is Trade & Value AG's Gross Margin % too high?
Trade & Value AG's current Gross Margin % of 16.41% is 148% above median its 10-year median of 6.62. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 16.41. The Asset Management industry median Gross Margin % is 57.53. Trade & Value AG's value of 16.41% is 71.5% below this industry median. Based on the distribution chart, Trade & Value AG ranks #458 out of 551 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Trade & Value AG has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Trade & Value AG's Gross Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Trade & Value AG ranks #458 out of 551 companies for Gross Margin %. This places Trade & Value AG in the lower half of its industry. The industry median Gross Margin % is 57.53. Trade & Value AG's value of 16.41% is 71.5% below this benchmark. Historically, Trade & Value AG's own Gross Margin % has ranged from 0.31 to 16.41 over the past decade. While the company's 10-year median is 6.62 vs. the industry median of 57.53, Trade & Value 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 Asset Management company?
The median Gross Margin % among Asset Management companies is 57.53, based on 551 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. Trade & Value AG's current Gross Margin % of 16.41% is 71.5% 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 Trade & Value AG and its competitors. For the Asset Management industry, the median Gross Margin % is 57.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trade & Value AG's current Gross Margin % is 16.41%, which is 148% above median its own 10-year median of 6.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trade & Value AG stock overvalued right now?
Based on GuruFocus' analysis, Trade & Value AG (HAM:TAV) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.46, compared to a current price of €1.60 — trading 247.8% above its estimated fair value. The current Gross Margin % is 16.41%, which is 148% above median its 10-year median of 6.62 and 71.5% below the Asset Management industry median of 57.53. Trade & Value AG's overall GF Score™ is 38/100 with 2 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 Trade & Value AG (HAM:TAV), the current Gross Margin % is 16.41% 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 Trade & Value AG (HAM:TAV) Overvalued in 2026?
Based on GuruFocus' analysis, Trade & Value AG stock appears to be overvalued.
The current stock price of €1.60 is trading 247.8% above its estimated GF Value™ of €0.46.
GuruFocus considers Trade & Value AG to be Significantly Overvalued.
Key valuation signals for HAM:TAV:
Gross Margin %: 16.41% (148% above median its 10-year median of 6.62)
GF Value™: €0.46 vs. price of €1.60 (247.8% above fair value)
Industry Position: 71.5% below the Asset Management median (#458 of 551)
No single metric tells the full story. See the HAM:TAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trade & Value AG is an asset management company operating in Germany. The company focuses on investing in valued companies, undervalued assets, and turnaround stocks.
38GF Score
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