Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Tian Cheng HoldingsHKSE:02110 +1.35% Gross Margin % is -25.09% as of Nov. 2025. The stock has 3 warning signs investors should review. Among 1,724 Construction companies, Tian Cheng Holdings ranks worse than 98.49% on this metric.
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
Tian Cheng Holdings had a gross margin of -25.09% for the quarter that ended in Nov. 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.
Tian Cheng Holdings Gross Margin % Related Terms
Tian Cheng Holdings Gross Margin % Historical Data
* Premium members only.
The historical data trend for Tian Cheng 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:02110 vs PWR, FIX, EME: Gross Margin % Comparison
For the Engineering & Construction subindustry, Tian Cheng 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.
Tian Cheng Holdings Gross Margin % vs Construction Industry
For the Construction industry and Industrials sector, Tian Cheng Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Tian Cheng 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.
Tian Cheng Holdings (HKSE:02110) has a Gross Margin % of -25.09% as of Nov. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Tian Cheng Holdings and its competitors. According to the industry distribution chart, Tian Cheng Holdings ranks #1698 out of 1724 companies in the Construction industry, placing it in the top 98.5%.
Is Tian Cheng Holdings' Gross Margin % too high?
Tian Cheng Holdings' current Gross Margin % is -25.09%. Based on the distribution chart, Tian Cheng Holdings ranks #1698 out of 1724 companies in the Construction industry, which is in the bottom quartile relative to peers.
How does Tian Cheng Holdings' Gross Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, Tian Cheng Holdings ranks #1698 out of 1724 companies for Gross Margin %. This places Tian Cheng Holdings in the lower half of its industry. The industry median Gross Margin % is 20.78. 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 20.78, based on 1,724 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. 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 Tian Cheng Holdings and its competitors. For the Construction industry, the median Gross Margin % is 20.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tian Cheng Holdings's current Gross Margin % is -25.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tian Cheng Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tian Cheng Holdings (HKSE:02110) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.10, compared to a current price of HK$0.08 — trading 25% below its estimated fair value. The current Gross Margin % is -25.09%. 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 Tian Cheng Holdings (HKSE:02110), the current Gross Margin % is -25.09% as of Nov. 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.
Tian Cheng Holdings Ltd is a subcontractor specializing in marine construction and civil engineering projects, and engages in marine works including reclamation, sand adjustment, submarine pipeline, sedimentation, and sediment treatment. The company also provides vessel chartering and other civil engineering services such as foundation works, site formation, road, and drainage works. It operates through four segments: Marine Construction Works, Other Civil Engineering Works, Health and Wellness Services, and Vessel Chartering Services. The company generates the majority of its revenue from marine construction and operates mainly in Hong Kong and the PRC, with the majority of revenue coming from Hong Kong.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:02110 has been successfully added to your 
