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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.
Z FinHKSE:01168 +5.08%59 Gross Margin % is 73.14% as of Dec. 2025, which is 25% above its 10-year median of 58.55. GuruFocus rates HKSE:01168 with a GF Score™ of 59/100 and a GF Value™ of HK$3.97 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,640 Real Estate companies, Z Fin ranks better than 82.74% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Z Fin's Gross Profit for the
six
months ended in Dec. 2025 was HK$202.4 Mil. Z Fin's Revenue for the
six
months ended in Dec. 2025 was HK$276.7 Mil. Therefore, Z Fin's Gross Margin % for the quarter that ended in Dec. 2025 was 73.14%.
The historical rank and industry rank for Z Fin's Gross Margin % or its related term are showing as below:
HKSE:01168'
s Gross Margin % Range Over the Past 10 Years
Min: 45.58 Med: 58.55 Max: 71.66
Current: 71.66
During the past 13 years, the highestGross Margin % of Z Fin was 71.66%. The lowest was 45.58%. And the median was 58.55%.
HKSE:01168's Gross Margin % is ranked better than 82.74% of 1640
companies
in the Real Estate industry
Industry Median: 36.93
vs HKSE:01168: 71.66
Z Fin had a gross margin of 73.14% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Z Fin was 1.80% per year.
Z Fin (HKSE:01168) 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
Z Fin had a gross margin of 73.14% 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.
Z Fin Gross Margin % Related Terms
Z Fin Gross Margin % Historical Data
* Premium members only.
The historical data trend for Z Fin'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.
For the Real Estate - Diversified subindustry, Z Fin'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.
Z Fin Gross Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Z Fin's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Z Fin'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.
Z Fin (HKSE:01168) has a Gross Margin % of 73.14% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Z Fin and its competitors. This is 25% above median its historical median of 58.55. Over the past decade, Z Fin's Gross Margin % has ranged from 45.58 to 71.66. According to the industry distribution chart, Z Fin ranks #283 out of 1640 companies in the Real Estate industry, placing it in the top 17.3%.
Is Z Fin's Gross Margin % too high?
Z Fin's current Gross Margin % of 73.14% is 25% above median its 10-year median of 58.55. Over the past 10 years, this metric has ranged from a low of 45.58 to a high of 71.66. The Real Estate industry median Gross Margin % is 36.93. Z Fin's value of 73.14% is 98.1% above this industry median. Based on the distribution chart, Z Fin ranks #283 out of 1640 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Z Fin has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Z Fin's Gross Margin % compare to competitors?
According to the Real Estate industry distribution chart, Z Fin ranks #283 out of 1640 companies for Gross Margin %. This places Z Fin in the top 17% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 36.93. Z Fin's value of 73.14% is 98.1% above this benchmark. Historically, Z Fin's own Gross Margin % has ranged from 45.58 to 71.66 over the past decade. While the company's 10-year median is 58.55 vs. the industry median of 36.93, Z Fin 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 36.93, based on 1,640 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. Z Fin's current Gross Margin % of 73.14% is 98.1% 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 Z Fin and its competitors. For the Real Estate industry, the median Gross Margin % is 36.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Z Fin's current Gross Margin % is 73.14%, which is 25% above median its own 10-year median of 58.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Z Fin stock overvalued right now?
Based on GuruFocus' analysis, Z Fin (HKSE:01168) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$3.97, compared to a current price of HK$5.59 — trading 40.8% above its estimated fair value. The current Gross Margin % is 73.14%, which is 25% above median its 10-year median of 58.55 and 98.1% above the Real Estate industry median of 36.93. Z Fin's overall GF Score™ is 59/100 with 5 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 Z Fin (HKSE:01168), the current Gross Margin % is 73.14% 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 Z Fin (HKSE:01168) Overvalued in 2026?
Based on GuruFocus' analysis, Z Fin stock appears to be overvalued.
The current stock price of HK$5.59 is trading 40.8% above its estimated GF Value™ of HK$3.97.
GuruFocus considers Z Fin to be Significantly Overvalued.
Key valuation signals for HKSE:01168:
Gross Margin %: 73.14% (25% above median its 10-year median of 58.55)
GF Value™: HK$3.97 vs. price of HK$5.59 (40.8% above fair value)
Industry Position: 98.1% above the Real Estate median (#283 of 1640)
No single metric tells the full story. See the HKSE:01168 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Z Fin Ltd is an investment holding company. The principal activities of the company and its subsidiaries are focused on financial technology investment and management, while it is also engaged in property development, property management, property investment and financing services. The operating segments of the company are: i) Financing services: provision of efficient financial leasing solutions and multiple consultancy services, ii) Property investment: property leasing, iii) Property management: provision of property management services, iv) Property development: property development and sale of properties, and v) Others: Income from operating hotel and primary school. The majority of revenue is derived from the Property investment segment.
59GF Score
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