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Gogox HoldingsHKSE:02246 64 Gross Margin % is 27.85% as of Dec. 2025, which is 17% below its 10-year median of 33.48. GuruFocus rates HKSE:02246 with a GF Score™ of 64/100 and a GF Value™ of HK$3.80 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,690 Software companies, Gogox Holdings ranks worse than 66.17% 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
Gogox Holdings had a gross margin of 27.85% for the quarter that ended in Dec. 2025 => 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.
Gogox Holdings Gross Margin % Related Terms
Gogox Holdings Gross Margin % Historical Data
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The historical data trend for Gogox 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:02246 vs QH, SHOP, UBER: Gross Margin % Comparison
For the Software - Application subindustry, Gogox 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.
Gogox Holdings Gross Margin % vs Software Industry
For the Software industry and Technology sector, Gogox Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Gogox 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.
Gogox Holdings (HKSE:02246) has a Gross Margin % of 27.85% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Gogox Holdings and its competitors. This is 17% below median its historical median of 33.48. Over the past decade, Gogox Holdings' Gross Margin % has ranged from 23.03 to 36.58. According to the industry distribution chart, Gogox Holdings ranks #1780 out of 2690 companies in the Software industry, placing it in the top 66.2%.
Is Gogox Holdings' Gross Margin % too high?
Gogox Holdings' current Gross Margin % of 27.85% is 17% below median its 10-year median of 33.48. Over the past 10 years, this metric has ranged from a low of 23.03 to a high of 36.58. The Software industry median Gross Margin % is 40.66. Gogox Holdings' value of 27.85% is 31.5% below this industry median. Based on the distribution chart, Gogox Holdings ranks #1780 out of 2690 companies in the Software industry, which is below the industry midpoint. Overall, Gogox Holdings has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Gogox Holdings' Gross Margin % compare to QH and SHOP?
According to the Software industry distribution chart, Gogox Holdings ranks #1780 out of 2690 companies for Gross Margin %. This places Gogox Holdings in the lower half of its industry. The industry median Gross Margin % is 40.66. Gogox Holdings' value of 27.85% is 31.5% below this benchmark. Historically, Gogox Holdings' own Gross Margin % has ranged from 23.03 to 36.58 over the past decade. While the company's 10-year median is 33.48 vs. the industry median of 40.66, Gogox 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 Software company?
The median Gross Margin % among Software companies is 40.66, based on 2,690 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. Gogox Holdings's current Gross Margin % of 27.85% is 31.5% 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 Gogox Holdings and its competitors. For the Software industry, the median Gross Margin % is 40.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gogox Holdings's current Gross Margin % is 27.85%, which is 17% below median its own 10-year median of 33.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gogox Holdings stock overvalued right now?
Based on GuruFocus' analysis, Gogox Holdings (HKSE:02246) is currently considered Possible Value Trap. The stock's GF Value™ is HK$3.80, compared to a current price of HK$1.16 — trading 69.5% below its estimated fair value. The current Gross Margin % is 27.85%, which is 17% below median its 10-year median of 33.48 and 31.5% below the Software industry median of 40.66. Gogox Holdings' overall GF Score™ is 64/100 with 4 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 Gogox Holdings (HKSE:02246), the current Gross Margin % is 27.85% 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 Gogox Holdings (HKSE:02246) Overvalued in 2026?
Based on GuruFocus' analysis, Gogox Holdings stock appears to be undervalued.
The current stock price of HK$1.16 is trading 69.5% below its estimated GF Value™ of HK$3.80.
GuruFocus considers Gogox Holdings to be Possible Value Trap.
Key valuation signals for HKSE:02246:
Gross Margin %: 27.85% (17% below median its 10-year median of 33.48)
GF Value™: HK$3.80 vs. price of HK$1.16 (69.5% below fair value)
Industry Position: 31.5% below the Software median (#1780 of 2690)
No single metric tells the full story. See the HKSE:02246 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gogox Holdings Ltd is an online platform for intra-city logistics services in Asia. The company operates two brands in this space, namely Kuaigou Dache in mainland China and GOGOX in other Asian countries and regions. The company's reportable segments are divided into Chinese mainland operations and Hong Kong & overseas operations. Geographically, it generates the majority of its revenue from Hong Kong.
64GF Score
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