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HKSE:02528's Gross Margin % is ranked better than 69.79% of 1122
companies
in the Retail - Cyclical industry
Industry Median: 36.255
vs HKSE:02528: 47.57
Forward Fashion (International) Holdings Co had a gross margin of 45.10% for the quarter that ended in Dec. 2025 => Durable competitive advantage
Forward Fashion (International) Holdings Co (HKSE:02528) 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
Forward Fashion (International) Holdings Co had a gross margin of 45.10% 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.
Forward Fashion (International) Holdings Co Gross Margin % Related Terms
Forward Fashion (International) Holdings Co Gross Margin % Historical Data
* 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.
Forward Fashion (International) Holdings Co Gross Margin % Chart
Forward Fashion (International) Holdings Co Annual Data
HKSE:02528 vs TJX, ROST, BURL: Gross Margin % Comparison
For the Apparel Retail subindustry, Forward Fashion (International) Holdings Co'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.
Forward Fashion (International) Holdings Co Gross Margin % vs Retail - Cyclical Industry
* 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.
Forward Fashion (International) Holdings Co (HKSE:02528) has a Gross Margin % of 45.10% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Forward Fashion (International) Holdings Co and its competitors. This is near median its historical median of 49.81. Over the past decade, Forward Fashion (International) Holdings Co's Gross Margin % has ranged from 44.81 to 55.32. According to the industry distribution chart, Forward Fashion (International) Holdings Co ranks #339 out of 1122 companies in the Retail - Cyclical industry, placing it in the top 30.2%.
Is Forward Fashion (International) Holdings Co's Gross Margin % too high?
Forward Fashion (International) Holdings Co's current Gross Margin % of 45.10% is near median its 10-year median of 49.81. Over the past 10 years, this metric has ranged from a low of 44.81 to a high of 55.32. The Retail - Cyclical industry median Gross Margin % is 36.26. Forward Fashion (International) Holdings Co's value of 45.10% is 24.4% above this industry median. Based on the distribution chart, Forward Fashion (International) Holdings Co ranks #339 out of 1122 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Forward Fashion (International) Holdings Co has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forward Fashion (International) Holdings Co's Gross Margin % compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Forward Fashion (International) Holdings Co ranks #339 out of 1122 companies for Gross Margin %. This puts Forward Fashion (International) Holdings Co in the upper half of its industry. The industry median Gross Margin % is 36.26. Forward Fashion (International) Holdings Co's value of 45.10% is 24.4% above this benchmark. Historically, Forward Fashion (International) Holdings Co's own Gross Margin % has ranged from 44.81 to 55.32 over the past decade. While the company's 10-year median is 49.81 vs. the industry median of 36.26, Forward Fashion (International) Holdings Co 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 36.26, based on 1,122 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. Forward Fashion (International) Holdings Co's current Gross Margin % of 45.10% is 24.4% 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 Forward Fashion (International) Holdings Co and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Fashion (International) Holdings Co's current Gross Margin % is 45.10%, which is near median its own 10-year median of 49.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Fashion (International) Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Forward Fashion (International) Holdings Co (HKSE:02528) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.24, compared to a current price of HK$0.92 — trading 281.3% above its estimated fair value. The current Gross Margin % is 45.10%, which is near median its 10-year median of 49.81 and 24.4% above the Retail - Cyclical industry median of 36.26. Forward Fashion (International) Holdings Co's overall GF Score™ is 43/100 with 6 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 Forward Fashion (International) Holdings Co (HKSE:02528), the current Gross Margin % is 45.10% 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 Forward Fashion (International) Holdings Co (HKSE:02528) Overvalued in 2026?
Based on GuruFocus' analysis, Forward Fashion (International) Holdings Co stock appears to be overvalued.
The current stock price of HK$0.92 is trading 281.3% above its estimated GF Value™ of HK$0.24.
GuruFocus considers Forward Fashion (International) Holdings Co to be Significantly Overvalued.
Key valuation signals for HKSE:02528:
Gross Margin %: 45.10% (near median its 10-year median of 49.81)
GF Value™: HK$0.24 vs. price of HK$0.92 (281.3% above fair value)
Industry Position: 24.4% above the Retail - Cyclical median (#339 of 1122)
No single metric tells the full story. See the HKSE:02528 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forward Fashion (International) Holdings Co Ltd is engaged in the retail and wholesale of fashion apparel of international brands through its multi-brand and multi-store business model in the Chinese Mainland, Macau, and Hong Kong. The group also provides store management services for fashion brands and catering services in Macau. Its portfolio includes brands such as BLACK BARRETT, Calvin Klein, EA7, Ed Hardy, Hogan, Moschino, Neil Barrett, Philipp Plein, Tommy Hilfiger, Under Armour, and others. It operates across three geographical segments: the Chinese Mainland, Macau, and Hong Kong and others, with Macau contributing the majority of the Group's revenue.
43GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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