Mulsanne Group Holding (HKSE:01817) Gross Margin %: 48.83% (As of Dec. 2025) — Near Median

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HKSE:01817 Mulsanne Group Holding Ltd HKSE:01817
45 GF Score
Price HK$0.29
GF Value HK$0.55
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Mulsanne Group Holding Gross Margin %?

Mulsanne Group Holding HKSE:01817 -1.72% 45 Gross Margin % is 48.83% as of Dec. 2025, which is 5% below its 10-year median of 51.52. GuruFocus rates HKSE:01817 with a GF Score™ of 45/100 and a GF Value™ of HK$0.55 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,114 Retail - Cyclical companies, Mulsanne Group Holding ranks better than 74.24% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Mulsanne Group Holding's Gross Profit for the six months ended in Dec. 2025 was HK$586 Mil. Mulsanne Group Holding's Revenue for the six months ended in Dec. 2025 was HK$1,201 Mil. Therefore, Mulsanne Group Holding's Gross Margin % for the quarter that ended in Dec. 2025 was 48.83%.


The historical rank and industry rank for Mulsanne Group Holding's Gross Margin % or its related term are showing as below:

HKSE:01817' s Gross Margin % Range Over the Past 10 Years
Min: 42.8   Med: 51.52   Max: 54.11
Current: 50.98


During the past 10 years, the highest Gross Margin % of Mulsanne Group Holding was 54.11%. The lowest was 42.80%. And the median was 51.52%.

HKSE:01817's Gross Margin % is ranked better than
74.24% of 1114 companies
in the Retail - Cyclical industry
Industry Median: 36.27 vs HKSE:01817: 50.98

Mulsanne Group Holding had a gross margin of 48.83% for the quarter that ended in Dec. 2025 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Mulsanne Group Holding was 3.30% per year.


Mulsanne Group Holding  (HKSE:01817) 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

Mulsanne Group Holding had a gross margin of 48.83% 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.


Mulsanne Group Holding Gross Margin % Related Terms


Mulsanne Group Holding Gross Margin % Historical Data

* Premium members only.

The historical data trend for Mulsanne Group Holding'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.

Mulsanne Group Holding Gross Margin % Chart

Mulsanne Group Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.27 48.92 52.05 52.82 50.99

Mulsanne Group Holding Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 51.01 53.59 52.11 53.43 48.83

HKSE:01817 vs TJX, ROST, BURL: Gross Margin % Comparison

For the Apparel Retail subindustry, Mulsanne Group Holding'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.


Mulsanne Group Holding Gross Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mulsanne Group Holding's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Mulsanne Group Holding's Gross Margin % falls into.


HKSE:01817
45GF Score
Mulsanne Group Holding Ltd HKSE:01817
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mulsanne Group Holding Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Mulsanne Group Holding's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=1158.2 / 2271.275
=(Revenue - Cost of Goods Sold) / Revenue
=(2271.275 - 1113.071) / 2271.275
=50.99 %

Mulsanne Group Holding's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=586.3 / 1200.712
=(Revenue - Cost of Goods Sold) / Revenue
=(1200.712 - 614.459) / 1200.712
=48.83 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 48.83% mean?
Mulsanne Group Holding (HKSE:01817) has a Gross Margin % of 48.83% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Mulsanne Group Holding and its competitors. This is near median its historical median of 51.52. Over the past decade, Mulsanne Group Holding's Gross Margin % has ranged from 42.80 to 54.11. According to the industry distribution chart, Mulsanne Group Holding ranks #287 out of 1114 companies in the Retail - Cyclical industry, placing it in the top 25.8%.
Is Mulsanne Group Holding's Gross Margin % too high?
Mulsanne Group Holding's current Gross Margin % of 48.83% is near median its 10-year median of 51.52. Over the past 10 years, this metric has ranged from a low of 42.80 to a high of 54.11. The Retail - Cyclical industry median Gross Margin % is 36.27. Mulsanne Group Holding's value of 48.83% is 34.6% above this industry median. Based on the distribution chart, Mulsanne Group Holding ranks #287 out of 1114 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Mulsanne Group Holding has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mulsanne Group Holding's Gross Margin % compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Mulsanne Group Holding ranks #287 out of 1114 companies for Gross Margin %. This puts Mulsanne Group Holding in the upper half of its industry. The industry median Gross Margin % is 36.27. Mulsanne Group Holding's value of 48.83% is 34.6% above this benchmark. Historically, Mulsanne Group Holding's own Gross Margin % has ranged from 42.80 to 54.11 over the past decade. While the company's 10-year median is 51.52 vs. the industry median of 36.27, Mulsanne Group Holding 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 Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.27, based on 1,114 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. Mulsanne Group Holding's current Gross Margin % of 48.83% is 34.6% 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 Mulsanne Group Holding and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mulsanne Group Holding's current Gross Margin % is 48.83%, which is near median its own 10-year median of 51.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mulsanne Group Holding stock overvalued right now?
Based on GuruFocus' analysis, Mulsanne Group Holding (HKSE:01817) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.55, compared to a current price of HK$0.29 — trading 48.2% below its estimated fair value. The current Gross Margin % is 48.83%, which is near median its 10-year median of 51.52 and 34.6% above the Retail - Cyclical industry median of 36.27. Mulsanne Group Holding's overall GF Score™ is 45/100 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 Mulsanne Group Holding (HKSE:01817), the current Gross Margin % is 48.83% 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 Mulsanne Group Holding (HKSE:01817) Overvalued in 2026?

Based on GuruFocus' analysis, Mulsanne Group Holding stock appears to be undervalued. The current stock price of HK$0.29 is trading 48.2% below its estimated GF Value™ of HK$0.55. GuruFocus considers Mulsanne Group Holding to be Possible Value Trap.

Key valuation signals for HKSE:01817:

  • Gross Margin %: 48.83% (near median its 10-year median of 51.52)
  • GF Value™: HK$0.55 vs. price of HK$0.29 (48.2% below fair value)
  • GF Score™: 45/100 with 2 warning signs
  • Industry Position: 34.6% above the Retail - Cyclical median (#287 of 1114)

No single metric tells the full story. See the HKSE:01817 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mulsanne Group Holding Business Description

Address No. 628, Jinyuan Road, Yinzhou District, Zhejiang Province, Ningbo, CHN
Mulsanne Group Holding Ltd is an investment holding company. The Company's subsidiaries are engaged in the design, marketing and sale of apparel products. The operating segments of the company are Offline channels; Online channels and Others. The majority of the revenue is generated through Offline channels. The company generates revenue in Chinese mainland.
45GF Score

Get the complete analysis for HKSE:01817

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.29
Price
HK$0.55
GF Value