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Major HoldingsHKSE:01389 -1.96%36 Gross Margin % is 14.48% as of Mar. 2026, which is 16% above its 10-year median of 12.52. GuruFocus rates HKSE:01389 with a GF Score™ of 36/100 and a GF Value™ of HK$0.15 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 203 Beverages - Alcoholic companies, Major Holdings ranks worse than 95.07% on this metric.
The historical rank and industry rank for Major Holdings's Gross Margin % or its related term are showing as below:
HKSE:01389'
s Gross Margin % Range Over the Past 10 Years
Min: -15.3 Med: 12.52 Max: 21.36
Current: 12.19
During the past 13 years, the highestGross Margin % of Major Holdings was 21.36%. The lowest was -15.30%. And the median was 12.52%.
HKSE:01389's Gross Margin % is ranked worse than 95.07% of 203
companies
in the Beverages - Alcoholic industry
Industry Median: 42.29
vs HKSE:01389: 12.19
Major Holdings had a gross margin of 14.48% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Major Holdings was 0.00% per year.
Major Holdings (HKSE:01389) 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
Major Holdings had a gross margin of 14.48% for the quarter that ended in Mar. 2026 => 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.
Major Holdings Gross Margin % Related Terms
Major Holdings Gross Margin % Historical Data
* Premium members only.
The historical data trend for Major Holdings'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 Beverages - Wineries & Distilleries subindustry, Major Holdings'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.
Major Holdings Gross Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Major Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Major Holdings'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.
Major Holdings (HKSE:01389) has a Gross Margin % of 14.48% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Major Holdings and its competitors. This is 16% above median its historical median of 12.52. According to the industry distribution chart, Major Holdings ranks #193 out of 203 companies in the Beverages - Alcoholic industry, placing it in the top 95.1%.
Is Major Holdings' Gross Margin % too high?
Major Holdings' current Gross Margin % of 14.48% is 16% above median its 10-year median of 12.52. The Beverages - Alcoholic industry median Gross Margin % is 42.29. Major Holdings' value of 14.48% is 65.8% below this industry median. Based on the distribution chart, Major Holdings ranks #193 out of 203 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Major Holdings has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Major Holdings' Gross Margin % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Major Holdings ranks #193 out of 203 companies for Gross Margin %. This places Major Holdings in the lower half of its industry. The industry median Gross Margin % is 42.29. Major Holdings' value of 14.48% is 65.8% below this benchmark. While the company's 10-year median is 12.52 vs. the industry median of 42.29, Major Holdings 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 Beverages - Alcoholic company?
The median Gross Margin % among Beverages - Alcoholic companies is 42.29, based on 203 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. Major Holdings's current Gross Margin % of 14.48% is 65.8% 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 Major Holdings and its competitors. For the Beverages - Alcoholic industry, the median Gross Margin % is 42.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Major Holdings's current Gross Margin % is 14.48%, which is 16% above median its own 10-year median of 12.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Holdings stock overvalued right now?
Based on GuruFocus' analysis, Major Holdings (HKSE:01389) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.15, compared to a current price of HK$0.50 — trading 233.3% above its estimated fair value. The current Gross Margin % is 14.48%, which is 16% above median its 10-year median of 12.52 and 65.8% below the Beverages - Alcoholic industry median of 42.29. Major Holdings' overall GF Score™ is 36/100 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 Major Holdings (HKSE:01389), the current Gross Margin % is 14.48% 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 Major Holdings (HKSE:01389) Overvalued in 2026?
Based on GuruFocus' analysis, Major Holdings stock appears to be overvalued.
The current stock price of HK$0.50 is trading 233.3% above its estimated GF Value™ of HK$0.15.
GuruFocus considers Major Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01389:
Gross Margin %: 14.48% (16% above median its 10-year median of 12.52)
GF Value™: HK$0.15 vs. price of HK$0.50 (233.3% above fair value)
Industry Position: 65.8% below the Beverages - Alcoholic median (#193 of 203)
No single metric tells the full story. See the HKSE:01389 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Major Holdings Ltd is an investment holding company. The company is principally engaged in the distribution of wine and spirit products and wine accessory products in Hong Kong. The products of the company include Red wine, White wine, Sparkling wine, Spirits, Sake, Wine accessory products, and other products. The group offers products through its retail showrooms, a network of distributors, retail organizations, five-star hotels, and private clubs. The majority of the revenue of the company is derived from Hong Kong.
36GF Score
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