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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.
Tai Ping Carpets InternationalHKSE:00146 56 Gross Margin % is 62.08% as of Dec. 2025, which is 11% above its 10-year median of 55.86. GuruFocus rates HKSE:00146 with a GF Score™ of 56/100 and a GF Value™ of HK$1.25 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,029 Manufacturing - Apparel & Accessories companies, Tai Ping Carpets International ranks better than 89.21% on this metric.
HKSE:00146's Gross Margin % is ranked better than 89.21% of 1029
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.65
vs HKSE:00146: 60.94
Tai Ping Carpets International had a gross margin of 62.08% for the quarter that ended in Dec. 2025 => Durable competitive advantage
Tai Ping Carpets International (HKSE:00146) 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
Tai Ping Carpets International had a gross margin of 62.08% for the quarter that ended in Dec. 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.
Tai Ping Carpets International Gross Margin % Related Terms
Tai Ping Carpets International 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.
Tai Ping Carpets International Gross Margin % Chart
Tai Ping Carpets International Gross Margin % Competitor Comparison
For the Textile Manufacturing subindustry, Tai Ping Carpets International'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.
Tai Ping Carpets International Gross Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tai Ping Carpets International's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Tai Ping Carpets International'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.
Tai Ping Carpets International (HKSE:00146) has a Gross Margin % of 62.08% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Tai Ping Carpets International and its competitors. This is 11% above median its historical median of 55.86. Over the past decade, Tai Ping Carpets International's Gross Margin % has ranged from 46.61 to 61.70. According to the industry distribution chart, Tai Ping Carpets International ranks #111 out of 1029 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 10.8%.
Is Tai Ping Carpets International's Gross Margin % too high?
Tai Ping Carpets International's current Gross Margin % of 62.08% is 11% above median its 10-year median of 55.86. Over the past 10 years, this metric has ranged from a low of 46.61 to a high of 61.70. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.65. Tai Ping Carpets International's value of 62.08% is 116.7% above this industry median. Based on the distribution chart, Tai Ping Carpets International ranks #111 out of 1029 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Tai Ping Carpets International has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tai Ping Carpets International's Gross Margin % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Tai Ping Carpets International ranks #111 out of 1029 companies for Gross Margin %. This places Tai Ping Carpets International in the top 11% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 28.65. Tai Ping Carpets International's value of 62.08% is 116.7% above this benchmark. Historically, Tai Ping Carpets International's own Gross Margin % has ranged from 46.61 to 61.70 over the past decade. While the company's 10-year median is 55.86 vs. the industry median of 28.65, Tai Ping Carpets International 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 Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.65, based on 1,029 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. Tai Ping Carpets International's current Gross Margin % of 62.08% is 116.7% 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 Tai Ping Carpets International and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tai Ping Carpets International's current Gross Margin % is 62.08%, which is 11% above median its own 10-year median of 55.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tai Ping Carpets International stock overvalued right now?
Based on GuruFocus' analysis, Tai Ping Carpets International (HKSE:00146) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$1.25, compared to a current price of HK$1.45 — trading 16% above its estimated fair value. The current Gross Margin % is 62.08%, which is 11% above median its 10-year median of 55.86 and 116.7% above the Manufacturing - Apparel & Accessories industry median of 28.65. Tai Ping Carpets International's overall GF Score™ is 56/100 with 1 warning sign 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 Tai Ping Carpets International (HKSE:00146), the current Gross Margin % is 62.08% 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 Tai Ping Carpets International (HKSE:00146) Overvalued in 2026?
Based on GuruFocus' analysis, Tai Ping Carpets International stock appears to be overvalued.
The current stock price of HK$1.45 is trading 16% above its estimated GF Value™ of HK$1.25.
GuruFocus considers Tai Ping Carpets International to be Modestly Overvalued.
Key valuation signals for HKSE:00146:
Gross Margin %: 62.08% (11% above median its 10-year median of 55.86)
GF Value™: HK$1.25 vs. price of HK$1.45 (16% above fair value)
Industry Position: 116.7% above the Manufacturing - Apparel & Accessories median (#111 of 1029)
No single metric tells the full story. See the HKSE:00146 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tai Ping Carpets International Ltd is principally engaged in the design, manufacture, import, export and sale of carpets and the manufacture and sale of yarns. It focuses on focuses on handmade or traditionally woven carpets that target high-end business segments including luxury residential, private yachts and jets, boutique stores, and premium or VIP areas of corporate offices, luxury hotels and resorts. Its geographical segments include Asia, EMEA, and America. The company generates the majority of its revenue from the sale of carpets and underlays.
56GF Score
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