Analogue Holdings (HKSE:01977) Gross Margin %: 15.98% (As of Dec. 2025) — Near Median

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HKSE:01977 Analogue Holdings Ltd HKSE:01977
65 GF Score
Price HK$0.94
GF Value HK$0.95
Valuation Fairly Valued
! 5 Warning Signs
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What is Analogue Holdings Gross Margin %?

Analogue Holdings HKSE:01977 65 Gross Margin % is 15.98% as of Dec. 2025, which is 0% below its 10-year median of 16.01. GuruFocus rates HKSE:01977 with a GF Score™ of 65/100 and a GF Value™ of HK$0.95 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,731 Construction companies, Analogue Holdings ranks worse than 61.18% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Analogue Holdings's Gross Profit for the six months ended in Dec. 2025 was HK$514 Mil. Analogue Holdings's Revenue for the six months ended in Dec. 2025 was HK$3,213 Mil. Therefore, Analogue Holdings's Gross Margin % for the quarter that ended in Dec. 2025 was 15.98%.

Warning Sign:

Analogue Holdings Ltd gross margin has been in long-term decline. The average rate of decline per year is -2%.


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

HKSE:01977' s Gross Margin % Range Over the Past 10 Years
Min: 12.46   Med: 16.01   Max: 18.6
Current: 16.39


During the past 10 years, the highest Gross Margin % of Analogue Holdings was 18.60%. The lowest was 12.46%. And the median was 16.01%.

HKSE:01977's Gross Margin % is ranked worse than
61.18% of 1731 companies
in the Construction industry
Industry Median: 20.84 vs HKSE:01977: 16.39

Analogue Holdings had a gross margin of 15.98% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Analogue Holdings was -2.00% per year.


Analogue Holdings  (HKSE:01977) 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

Analogue Holdings had a gross margin of 15.98% for the quarter that ended in Dec. 2025 => 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.


Analogue Holdings Gross Margin % Related Terms


Analogue Holdings Gross Margin % Historical Data

* Premium members only.

The historical data trend for Analogue 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.

Analogue Holdings Gross Margin % Chart

Analogue Holdings 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 16.42 15.62 13.59 15.54 16.39

Analogue Holdings 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 11.53 14.63 16.47 16.85 15.98

HKSE:01977 vs PWR, FIX, EME: Gross Margin % Comparison

For the Engineering & Construction subindustry, Analogue 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.


Analogue Holdings Gross Margin % vs Construction Industry

For the Construction industry and Industrials sector, Analogue Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Analogue Holdings's Gross Margin % falls into.


HKSE:01977
65GF Score
Analogue Holdings Ltd HKSE:01977
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Analogue Holdings Gross Margin % Calculation

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

Analogue Holdings'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 )
=997.8 / 6087.641
=(Revenue - Cost of Goods Sold) / Revenue
=(6087.641 - 5089.88) / 6087.641
=16.39 %

Analogue Holdings'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 )
=513.5 / 3213.421
=(Revenue - Cost of Goods Sold) / Revenue
=(3213.421 - 2699.917) / 3213.421
=15.98 %

* 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 15.98% mean?
Analogue Holdings (HKSE:01977) has a Gross Margin % of 15.98% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Analogue Holdings and its competitors. This is near median its historical median of 16.01. Over the past decade, Analogue Holdings' Gross Margin % has ranged from 12.46 to 18.60. According to the industry distribution chart, Analogue Holdings ranks #1059 out of 1731 companies in the Construction industry, placing it in the top 61.2%.
Is Analogue Holdings' Gross Margin % too high?
Analogue Holdings' current Gross Margin % of 15.98% is near median its 10-year median of 16.01. Over the past 10 years, this metric has ranged from a low of 12.46 to a high of 18.60. The Construction industry median Gross Margin % is 20.84. Analogue Holdings' value of 15.98% is 23.3% below this industry median. Based on the distribution chart, Analogue Holdings ranks #1059 out of 1731 companies in the Construction industry, which is below the industry midpoint. Overall, Analogue Holdings has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Analogue Holdings' Gross Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, Analogue Holdings ranks #1059 out of 1731 companies for Gross Margin %. This places Analogue Holdings in the lower half of its industry. The industry median Gross Margin % is 20.84. Analogue Holdings' value of 15.98% is 23.3% below this benchmark. Historically, Analogue Holdings' own Gross Margin % has ranged from 12.46 to 18.60 over the past decade. While the company's 10-year median is 16.01 vs. the industry median of 20.84, Analogue 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 Construction company?
The median Gross Margin % among Construction companies is 20.84, based on 1,731 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. Analogue Holdings's current Gross Margin % of 15.98% is 23.3% 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 Analogue Holdings and its competitors. For the Construction industry, the median Gross Margin % is 20.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Analogue Holdings's current Gross Margin % is 15.98%, which is near median its own 10-year median of 16.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Analogue Holdings stock overvalued right now?
Based on GuruFocus' analysis, Analogue Holdings (HKSE:01977) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.95, compared to a current price of HK$0.94 — trading 1.1% below its estimated fair value. The current Gross Margin % is 15.98%, which is near median its 10-year median of 16.01 and 23.3% below the Construction industry median of 20.84. Analogue Holdings' overall GF Score™ is 65/100 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 Analogue Holdings (HKSE:01977), the current Gross Margin % is 15.98% 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 Analogue Holdings (HKSE:01977) Overvalued in 2026?

Based on GuruFocus' analysis, Analogue Holdings stock appears to be undervalued. The current stock price of HK$0.94 is trading 1.1% below its estimated GF Value™ of HK$0.95. GuruFocus considers Analogue Holdings to be Fairly Valued.

Key valuation signals for HKSE:01977:

  • Gross Margin %: 15.98% (near median its 10-year median of 16.01)
  • GF Value™: HK$0.95 vs. price of HK$0.94 (1.1% below fair value)
  • GF Score™: 65/100 with 5 warning signs
  • Industry Position: 23.3% below the Construction median (#1059 of 1731)

No single metric tells the full story. See the HKSE:01977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Analogue Holdings Business Description

Address 45-51 Kwok Shui Road, ATAL Tower, Kwai Chung, New Territories, Hong Kong, HKG
Analogue Holdings Ltd is engaged in the provision of electrical and mechanical engineering building services, including the design, installation, testing and commissioning, and maintenance of heating, ventilation & air-conditioning systems, fire service systems, plumbing and drainage systems & electrical and extra low voltage system; total solutions for the design, construction, operation and maintenance of environmental engineering systems for treatment of sewage, water, solid waste, sludge & gas; ICBT for design, installation and servicing of a wide range of intelligent systems, information and communications technology, and Lifts and escalators for design, supply and installation of a wide range of lifts and escalators. Geographically, it generates majority of revenue from Hong Kong.
65GF Score

Get the complete analysis for HKSE:01977

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

HK$0.94
Price
HK$0.95
GF Value