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.
Capital EstateHKSE:00193 -1.02%38 Gross Margin % is 87.58% as of Jan. 2026, which is 92% above its 10-year median of 45.52. GuruFocus rates HKSE:00193 with a GF Score™ of 38/100 and a GF Value™ of HK$0.17 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 792 Travel & Leisure companies, Capital Estate ranks better than 92.55% on this metric.
Capital Estate (HKSE:00193) 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
Capital Estate had a gross margin of 87.58% for the quarter that ended in Jan. 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.
Capital Estate Gross Margin % Related Terms
Capital Estate Gross Margin % Historical Data
* Premium members only.
The historical data trend for Capital Estate'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.
HKSE:00193 vs MAR, HLT, H: Gross Margin % Comparison
For the Lodging subindustry, Capital Estate'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.
Capital Estate Gross Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Capital Estate's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Capital Estate'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.
Capital Estate (HKSE:00193) has a Gross Margin % of 87.58% as of Jan. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Capital Estate and its competitors. This is 92% above median its historical median of 45.52. Over the past decade, Capital Estate's Gross Margin % has ranged from 33.59 to 90.29. According to the industry distribution chart, Capital Estate ranks #59 out of 792 companies in the Travel & Leisure industry, placing it in the top 7.4%.
Is Capital Estate's Gross Margin % too high?
Capital Estate's current Gross Margin % of 87.58% is 92% above median its 10-year median of 45.52. Over the past 10 years, this metric has ranged from a low of 33.59 to a high of 90.29. The Travel & Leisure industry median Gross Margin % is 43.50. Capital Estate's value of 87.58% is 101.3% above this industry median. Based on the distribution chart, Capital Estate ranks #59 out of 792 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Capital Estate has a GF Score™ of 38/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capital Estate's Gross Margin % compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Capital Estate ranks #59 out of 792 companies for Gross Margin %. This places Capital Estate in the top 7% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 43.50. Capital Estate's value of 87.58% is 101.3% above this benchmark. Historically, Capital Estate's own Gross Margin % has ranged from 33.59 to 90.29 over the past decade. While the company's 10-year median is 45.52 vs. the industry median of 43.50, Capital Estate 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 Travel & Leisure company?
The median Gross Margin % among Travel & Leisure companies is 43.50, based on 792 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. Capital Estate's current Gross Margin % of 87.58% is 101.3% 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 Capital Estate and its competitors. For the Travel & Leisure industry, the median Gross Margin % is 43.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capital Estate's current Gross Margin % is 87.58%, which is 92% above median its own 10-year median of 45.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Estate stock overvalued right now?
Based on GuruFocus' analysis, Capital Estate (HKSE:00193) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.17, compared to a current price of HK$0.19 — trading 14.1% above its estimated fair value. The current Gross Margin % is 87.58%, which is 92% above median its 10-year median of 45.52 and 101.3% above the Travel & Leisure industry median of 43.50. Capital Estate's overall GF Score™ is 38/100 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 Capital Estate (HKSE:00193), the current Gross Margin % is 87.58% as of Jan. 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 Capital Estate (HKSE:00193) Overvalued in 2026?
Based on GuruFocus' analysis, Capital Estate stock appears to be overvalued.
The current stock price of HK$0.19 is trading 14.1% above its estimated GF Value™ of HK$0.17.
GuruFocus considers Capital Estate to be Modestly Overvalued.
Key valuation signals for HKSE:00193:
Gross Margin %: 87.58% (92% above median its 10-year median of 45.52)
GF Value™: HK$0.17 vs. price of HK$0.19 (14.1% above fair value)
Industry Position: 101.3% above the Travel & Leisure median (#59 of 792)
No single metric tells the full story. See the HKSE:00193 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capital Estate Ltd is a Hong Kong-based investment holding company. The company operates through three segments: Hotel Operations, which is engaged in hotel businesses and the provision of related services; Financial Investment segment, which is involved in the trading of listed securities and other financial instruments; Property segment, which engages in leasing and sales of properties; and Consumer Finance, which involves the provision of consumer finance services. The majority of its revenue is derived from Consumer finance. Geographically, it generates maximum revenue from Mainland China.
38GF Score
Get the complete analysis for HKSE:00193
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:00193 has been successfully added to your 
