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CSI PropertiesHKSE:00497 -6.67%44 Gross Margin % is 23.28% as of Mar. 2026, which is 26% below its 10-year median of 31.58. GuruFocus rates HKSE:00497 with a GF Score™ of 44/100 and a GF Value™ of HK$0.14 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,642 Real Estate companies, CSI Properties ranks worse than 68.76% on this metric.
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
CSI Properties had a gross margin of 23.28% for the quarter that ended in Mar. 2026 => 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.
CSI Properties Gross Margin % Related Terms
CSI Properties Gross Margin % Historical Data
* Premium members only.
The historical data trend for CSI Properties'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:00497 vs CBRE, BEKE, JLL: Gross Margin % Comparison
For the Real Estate Services subindustry, CSI Properties'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.
CSI Properties Gross Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, CSI Properties's Gross Margin % distribution charts can be found below:
* The bar in red indicates where CSI Properties'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.
CSI Properties (HKSE:00497) has a Gross Margin % of 23.28% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on CSI Properties and its competitors. This is 26% below median its historical median of 31.58. Over the past decade, CSI Properties' Gross Margin % has ranged from 3.02 to 64.08. According to the industry distribution chart, CSI Properties ranks #1129 out of 1642 companies in the Real Estate industry, placing it in the top 68.8%.
Is CSI Properties' Gross Margin % too high?
CSI Properties' current Gross Margin % of 23.28% is 26% below median its 10-year median of 31.58. Over the past 10 years, this metric has ranged from a low of 3.02 to a high of 64.08. The Real Estate industry median Gross Margin % is 36.69. CSI Properties' value of 23.28% is 36.5% below this industry median. Based on the distribution chart, CSI Properties ranks #1129 out of 1642 companies in the Real Estate industry, which is below the industry midpoint. Overall, CSI Properties has a GF Score™ of 44/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CSI Properties' Gross Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, CSI Properties ranks #1129 out of 1642 companies for Gross Margin %. This places CSI Properties in the lower half of its industry. The industry median Gross Margin % is 36.69. CSI Properties' value of 23.28% is 36.5% below this benchmark. Historically, CSI Properties' own Gross Margin % has ranged from 3.02 to 64.08 over the past decade. While the company's 10-year median is 31.58 vs. the industry median of 36.69, CSI Properties 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 Real Estate company?
The median Gross Margin % among Real Estate companies is 36.69, based on 1,642 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. CSI Properties's current Gross Margin % of 23.28% is 36.5% 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 CSI Properties 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. CSI Properties's current Gross Margin % is 23.28%, which is 26% below median its own 10-year median of 31.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSI Properties stock overvalued right now?
Based on GuruFocus' analysis, CSI Properties (HKSE:00497) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.14, compared to a current price of HK$0.15 — trading 10% above its estimated fair value. The current Gross Margin % is 23.28%, which is 26% below median its 10-year median of 31.58 and 36.5% below the Real Estate industry median of 36.69. CSI Properties' overall GF Score™ is 44/100 with 4 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 CSI Properties (HKSE:00497), the current Gross Margin % is 23.28% 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 CSI Properties (HKSE:00497) Overvalued in 2026?
Based on GuruFocus' analysis, CSI Properties stock appears to be overvalued.
The current stock price of HK$0.15 is trading 10% above its estimated GF Value™ of HK$0.14.
GuruFocus considers CSI Properties to be Fairly Valued.
Key valuation signals for HKSE:00497:
Gross Margin %: 23.28% (26% below median its 10-year median of 31.58)
GF Value™: HK$0.14 vs. price of HK$0.15 (10% above fair value)
Industry Position: 36.5% below the Real Estate median (#1129 of 1642)
No single metric tells the full story. See the HKSE:00497 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CSI Properties Ltd is an investment holding company. The company's operating segment includes Commercial property holding; Residential property holding; Macau property holding and Securities investment. It generates maximum revenue from the Commercial property holding segment. Geographically, the group's operations are mainly located in Hong Kong, the PRC, and Macau.
44GF Score
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