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.
Top Form InternationalHKSE:00333 26 Gross Margin % is 18.40% as of Dec. 2025, which is 3% above its 10-year median of 17.91. GuruFocus rates HKSE:00333 with a GF Score™ of 26/100 and a GF Value™ of HK$0.29 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,026 Manufacturing - Apparel & Accessories companies, Top Form International ranks worse than 64.52% on this metric.
HKSE:00333's Gross Margin % is ranked worse than 64.52% of 1026
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.295
vs HKSE:00333: 19.89
Top Form International had a gross margin of 18.40% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Top Form International was 7.10% per year.
Top Form International (HKSE:00333) 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
Top Form International had a gross margin of 18.40% 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.
Top Form International Gross Margin % Related Terms
Top Form International Gross Margin % Historical Data
* Premium members only.
The historical data trend for Top Form International'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:00333 vs RL, LEVI, VFC: Gross Margin % Comparison
For the Apparel Manufacturing subindustry, Top Form 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.
Top Form International Gross Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Top Form International's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Top Form 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.
Top Form International (HKSE:00333) has a Gross Margin % of 18.40% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Top Form International and its competitors. This is near median its historical median of 17.91. Over the past decade, Top Form International's Gross Margin % has ranged from 14.58 to 22.61. According to the industry distribution chart, Top Form International ranks #662 out of 1026 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 64.5%.
Is Top Form International's Gross Margin % too high?
Top Form International's current Gross Margin % of 18.40% is near median its 10-year median of 17.91. Over the past 10 years, this metric has ranged from a low of 14.58 to a high of 22.61. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.30. Top Form International's value of 18.40% is 35% below this industry median. Based on the distribution chart, Top Form International ranks #662 out of 1026 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Top Form International has a GF Score™ of 26/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Top Form International's Gross Margin % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Top Form International ranks #662 out of 1026 companies for Gross Margin %. This places Top Form International in the lower half of its industry. The industry median Gross Margin % is 28.30. Top Form International's value of 18.40% is 35% below this benchmark. Historically, Top Form International's own Gross Margin % has ranged from 14.58 to 22.61 over the past decade. While the company's 10-year median is 17.91 vs. the industry median of 28.30, Top Form International 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 Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.30, based on 1,026 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. Top Form International's current Gross Margin % of 18.40% is 35% 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 Top Form International and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Form International's current Gross Margin % is 18.40%, which is near median its own 10-year median of 17.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Form International stock overvalued right now?
Based on GuruFocus' analysis, Top Form International (HKSE:00333) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.29, compared to a current price of HK$0.19 — trading 34.5% below its estimated fair value. The current Gross Margin % is 18.40%, which is near median its 10-year median of 17.91 and 35% below the Manufacturing - Apparel & Accessories industry median of 28.30. Top Form International's overall GF Score™ is 26/100 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 Top Form International (HKSE:00333), the current Gross Margin % is 18.40% 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 Top Form International (HKSE:00333) Overvalued in 2026?
Based on GuruFocus' analysis, Top Form International stock appears to be undervalued.
The current stock price of HK$0.19 is trading 34.5% below its estimated GF Value™ of HK$0.29.
GuruFocus considers Top Form International to be Possible Value Trap.
Key valuation signals for HKSE:00333:
Gross Margin %: 18.40% (near median its 10-year median of 17.91)
GF Value™: HK$0.29 vs. price of HK$0.19 (34.5% below fair value)
Industry Position: 35% below the Manufacturing - Apparel & Accessories median (#662 of 1026)
No single metric tells the full story. See the HKSE:00333 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Top Form International Ltd is an investment holding company. The company designs, manufacture, and distributes ladies intimate apparel, principally brassieres. Geographically, it derives a majority of revenue from the United States of America and also has a presence in Belgium; Hong Kong, Cambodia, Myanmar, Indonesia, Netherlands; Spain; France; Sri Lanka; Canada; People's Republic of China; Germany; Italy; Mexico; and other countries.
26GF Score
Get the complete analysis for HKSE:00333
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:00333 has been successfully added to your 
