Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Associated International HotelsHKSE:00105 63 Gross Margin % is 68.00% as of Mar. 2026, which is 9% below its 10-year median of 75.11. GuruFocus rates HKSE:00105 with a GF Score™ of 63/100 and a GF Value™ of HK$5.18 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,644 Real Estate companies, Associated International Hotels ranks better than 79.2% on this metric.
Associated International Hotels (HKSE:00105) 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
Associated International Hotels had a gross margin of 68.00% for the quarter that ended in Mar. 2026 => 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.
Associated International Hotels Gross Margin % Related Terms
Associated International Hotels 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.
Associated International Hotels Gross Margin % Chart
HKSE:00105 vs CBRE, BEKE, JLL: Gross Margin % Comparison
For the Real Estate Services subindustry, Associated International Hotels'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.
Associated International Hotels Gross Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Associated International Hotels's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Associated International Hotels'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.
Associated International Hotels (HKSE:00105) has a Gross Margin % of 68.00% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Associated International Hotels and its competitors. This is near median its historical median of 75.11. Over the past decade, Associated International Hotels' Gross Margin % has ranged from 67.66 to 87.56. According to the industry distribution chart, Associated International Hotels ranks #342 out of 1644 companies in the Real Estate industry, placing it in the top 20.8%.
Is Associated International Hotels' Gross Margin % too high?
Associated International Hotels' current Gross Margin % of 68.00% is near median its 10-year median of 75.11. Over the past 10 years, this metric has ranged from a low of 67.66 to a high of 87.56. The Real Estate industry median Gross Margin % is 36.69. Associated International Hotels' value of 68.00% is 85.3% above this industry median. Based on the distribution chart, Associated International Hotels ranks #342 out of 1644 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Associated International Hotels has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Associated International Hotels' Gross Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Associated International Hotels ranks #342 out of 1644 companies for Gross Margin %. This places Associated International Hotels in the top 21% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 36.69. Associated International Hotels' value of 68.00% is 85.3% above this benchmark. Historically, Associated International Hotels' own Gross Margin % has ranged from 67.66 to 87.56 over the past decade. While the company's 10-year median is 75.11 vs. the industry median of 36.69, Associated International Hotels has consistently been above 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 Real Estate company?
The median Gross Margin % among Real Estate companies is 36.69, based on 1,644 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. Associated International Hotels's current Gross Margin % of 68.00% is 85.3% above 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 Associated International Hotels and its competitors. For the Real Estate industry, the median Gross Margin % is 36.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated International Hotels's current Gross Margin % is 68.00%, which is near median its own 10-year median of 75.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated International Hotels stock overvalued right now?
Based on GuruFocus' analysis, Associated International Hotels (HKSE:00105) is currently considered Fairly Valued. The stock's GF Value™ is HK$5.18, compared to a current price of HK$5.20 — trading 0.4% above its estimated fair value. The current Gross Margin % is 68.00%, which is near median its 10-year median of 75.11 and 85.3% above the Real Estate industry median of 36.69. Associated International Hotels' overall GF Score™ is 63/100 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 Associated International Hotels (HKSE:00105), the current Gross Margin % is 68.00% as of Mar. 2026. 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 Associated International Hotels (HKSE:00105) Overvalued in 2026?
Based on GuruFocus' analysis, Associated International Hotels stock appears to be overvalued.
The current stock price of HK$5.20 is trading 0.4% above its estimated GF Value™ of HK$5.18.
GuruFocus considers Associated International Hotels to be Fairly Valued.
Key valuation signals for HKSE:00105:
Gross Margin %: 68.00% (near median its 10-year median of 75.11)
GF Value™: HK$5.18 vs. price of HK$5.20 (0.4% above fair value)
Industry Position: 85.3% above the Real Estate median (#342 of 1644)
No single metric tells the full story. See the HKSE:00105 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Associated International Hotels Ltd is a Hong-Kong investment holding company principally engaged in property-related businesses. Its only reportable segment is Property leasing. The company generates revenue from Interest income, Management fees, and Others. The properties under the company include iSQUARE, Good Luck Industrial Building as well as the offices in Euro Trade Centre in Hong Kong. Geographically, it derives revenue from Hong Kong.
63GF Score
Get the complete analysis for HKSE:00105
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
HKSE:00105 has been successfully added to your 
