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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.
A.Plus Group HoldingsHKSE:01841 +13.10%57 Gross Margin % is 38.58% as of Mar. 2026, which is 23% below its 10-year median of 49.82. GuruFocus rates HKSE:01841 with a GF Score™ of 57/100 and a GF Value™ of HK$0.22 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,006 Business Services companies, A.Plus Group Holdings ranks better than 64.41% on this metric.
HKSE:01841's Gross Margin % is ranked better than 64.41% of 1006
companies
in the Business Services industry
Industry Median: 34.19
vs HKSE:01841: 44.77
A.Plus Group Holdings had a gross margin of 38.58% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for A.Plus Group Holdings was -2.80% per year.
A.Plus Group Holdings (HKSE:01841) 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
A.Plus Group Holdings had a gross margin of 38.58% 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.
A.Plus Group Holdings Gross Margin % Related Terms
A.Plus Group Holdings Gross Margin % Historical Data
* Premium members only.
The historical data trend for A.Plus Group 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.
HKSE:01841 vs CTAS, CPRT, GPN: Gross Margin % Comparison
For the Specialty Business Services subindustry, A.Plus Group 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.
A.Plus Group Holdings Gross Margin % vs Business Services Industry
For the Business Services industry and Industrials sector, A.Plus Group Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where A.Plus Group 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.
A.Plus Group Holdings (HKSE:01841) has a Gross Margin % of 38.58% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on A.Plus Group Holdings and its competitors. This is 23% below median its historical median of 49.82. Over the past decade, A.Plus Group Holdings' Gross Margin % has ranged from 43.68 to 54.54. According to the industry distribution chart, A.Plus Group Holdings ranks #358 out of 1006 companies in the Business Services industry, placing it in the top 35.6%.
Is A.Plus Group Holdings' Gross Margin % too high?
A.Plus Group Holdings' current Gross Margin % of 38.58% is 23% below median its 10-year median of 49.82. Over the past 10 years, this metric has ranged from a low of 43.68 to a high of 54.54. The Business Services industry median Gross Margin % is 34.19. A.Plus Group Holdings' value of 38.58% is 12.8% above this industry median. Based on the distribution chart, A.Plus Group Holdings ranks #358 out of 1006 companies in the Business Services industry, which is above the industry midpoint. Overall, A.Plus Group Holdings has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does A.Plus Group Holdings' Gross Margin % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, A.Plus Group Holdings ranks #358 out of 1006 companies for Gross Margin %. This puts A.Plus Group Holdings in the upper half of its industry. The industry median Gross Margin % is 34.19. A.Plus Group Holdings' value of 38.58% is 12.8% above this benchmark. Historically, A.Plus Group Holdings' own Gross Margin % has ranged from 43.68 to 54.54 over the past decade. While the company's 10-year median is 49.82 vs. the industry median of 34.19, A.Plus Group Holdings 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 Business Services company?
The median Gross Margin % among Business Services companies is 34.19, based on 1,006 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. A.Plus Group Holdings's current Gross Margin % of 38.58% is 12.8% 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 A.Plus Group Holdings and its competitors. For the Business Services industry, the median Gross Margin % is 34.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. A.Plus Group Holdings's current Gross Margin % is 38.58%, which is 23% below median its own 10-year median of 49.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A.Plus Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, A.Plus Group Holdings (HKSE:01841) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.22, compared to a current price of HK$0.48 — trading 115.9% above its estimated fair value. The current Gross Margin % is 38.58%, which is 23% below median its 10-year median of 49.82 and 12.8% above the Business Services industry median of 34.19. A.Plus Group Holdings' overall GF Score™ is 57/100 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 A.Plus Group Holdings (HKSE:01841), the current Gross Margin % is 38.58% 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 A.Plus Group Holdings (HKSE:01841) Overvalued in 2026?
Based on GuruFocus' analysis, A.Plus Group Holdings stock appears to be overvalued.
The current stock price of HK$0.48 is trading 115.9% above its estimated GF Value™ of HK$0.22.
GuruFocus considers A.Plus Group Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01841:
Gross Margin %: 38.58% (23% below median its 10-year median of 49.82)
GF Value™: HK$0.22 vs. price of HK$0.48 (115.9% above fair value)
Industry Position: 12.8% above the Business Services median (#358 of 1006)
No single metric tells the full story. See the HKSE:01841 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A.Plus Group Holdings Ltd is a Hong Kong-based investment holding company. It is principally engaged in the provision of financial printing services. Geographically, it derives revenue from Hong Kong. The company provides typesetting, design, translation, printing and delivery services in relation to financial reports, company announcements, shareholders circulars, debt offering documents, IPO prospectuses, and other documents.
57GF Score
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