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Asia Commercial HoldingsHKSE:00104 +0.42%47 Gross Margin % is 32.40% as of Sep. 2025, which is 21% above its 10-year median of 26.77. GuruFocus rates HKSE:00104 with a GF Score™ of 47/100 and a GF Value™ of HK$0.22 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,118 Retail - Cyclical companies, Asia Commercial Holdings ranks worse than 58.05% on this metric.
HKSE:00104's Gross Margin % is ranked worse than 58.05% of 1118
companies
in the Retail - Cyclical industry
Industry Median: 36.305
vs HKSE:00104: 32.13
Asia Commercial Holdings had a gross margin of 32.40% for the quarter that ended in Sep. 2025 => Competition eroding margins
Asia Commercial Holdings (HKSE:00104) 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
Asia Commercial Holdings had a gross margin of 32.40% for the quarter that ended in Sep. 2025 => Competition eroding margins
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.
Asia Commercial Holdings Gross Margin % Related Terms
Asia Commercial Holdings Gross Margin % Historical Data
* 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.
HKSE:00104 vs CASY, WSM, ULTA: Gross Margin % Comparison
For the Specialty Retail subindustry, Asia Commercial Holdings'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.
Asia Commercial Holdings Gross Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Asia Commercial Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Asia Commercial Holdings'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.
Asia Commercial Holdings (HKSE:00104) has a Gross Margin % of 32.40% as of Sep. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Asia Commercial Holdings and its competitors. This is 21% above median its historical median of 26.77. Over the past decade, Asia Commercial Holdings' Gross Margin % has ranged from 19.86 to 33.22. According to the industry distribution chart, Asia Commercial Holdings ranks #649 out of 1118 companies in the Retail - Cyclical industry, placing it in the top 58.1%.
Is Asia Commercial Holdings' Gross Margin % too high?
Asia Commercial Holdings' current Gross Margin % of 32.40% is 21% above median its 10-year median of 26.77. Over the past 10 years, this metric has ranged from a low of 19.86 to a high of 33.22. The Retail - Cyclical industry median Gross Margin % is 36.31. Asia Commercial Holdings' value of 32.40% is 10.8% below this industry median. Based on the distribution chart, Asia Commercial Holdings ranks #649 out of 1118 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Asia Commercial Holdings has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Commercial Holdings' Gross Margin % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Asia Commercial Holdings ranks #649 out of 1118 companies for Gross Margin %. This places Asia Commercial Holdings in the lower half of its industry. The industry median Gross Margin % is 36.31. Asia Commercial Holdings' value of 32.40% is 10.8% below this benchmark. Historically, Asia Commercial Holdings' own Gross Margin % has ranged from 19.86 to 33.22 over the past decade. While the company's 10-year median is 26.77 vs. the industry median of 36.31, Asia Commercial Holdings 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 Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.31, based on 1,118 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. Asia Commercial Holdings's current Gross Margin % of 32.40% is 10.8% 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 Asia Commercial Holdings and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Commercial Holdings's current Gross Margin % is 32.40%, which is 21% above median its own 10-year median of 26.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Commercial Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asia Commercial Holdings (HKSE:00104) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.22, compared to a current price of HK$0.24 — trading 8.6% above its estimated fair value. The current Gross Margin % is 32.40%, which is 21% above median its 10-year median of 26.77 and 10.8% below the Retail - Cyclical industry median of 36.31. Asia Commercial Holdings' overall GF Score™ is 47/100 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 Asia Commercial Holdings (HKSE:00104), the current Gross Margin % is 32.40% 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 Asia Commercial Holdings (HKSE:00104) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Commercial Holdings stock appears to be overvalued.
The current stock price of HK$0.24 is trading 8.6% above its estimated GF Value™ of HK$0.22.
GuruFocus considers Asia Commercial Holdings to be Fairly Valued.
Key valuation signals for HKSE:00104:
Gross Margin %: 32.40% (21% above median its 10-year median of 26.77)
GF Value™: HK$0.22 vs. price of HK$0.24 (8.6% above fair value)
Industry Position: 10.8% below the Retail - Cyclical median (#649 of 1118)
No single metric tells the full story. See the HKSE:00104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Commercial Holdings Ltd is an investment holding company. It operates business through two segments: Sale of Watches (Retail and Wholesale) and Properties Leasing. The company earns the majority of its revenue from sales of watches. Geographically, the group generates maximum revenue from Mainland China, followed by Hong Kong, Switzerland, and the United Kingdom.
47GF Score
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