What is Hong Kong Exchanges and Clearing Gross Margin %?
Hong Kong Exchanges and ClearingHKXCF -0.55%89 Gross Margin % is 80.08% as of Mar. 2026, which is 4% above its 10-year median of 77.29. GuruFocus rates HKXCF with a GF Score™ of 89/100 and a GF Value™ of $62.77 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 620 Capital Markets companies, Hong Kong Exchanges and Clearing ranks better than 82.74% on this metric.
Hong Kong Exchanges and Clearing (OTCPK:HKXCF) 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
Hong Kong Exchanges and Clearing had a gross margin of 80.08% for the quarter that ended in Mar. 2026 => 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.
Hong Kong Exchanges and Clearing Gross Margin % Related Terms
Hong Kong Exchanges and Clearing 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.
Hong Kong Exchanges and Clearing Gross Margin % Chart
HKXCF vs SPGI, CME, MCO: Gross Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, Hong Kong Exchanges and Clearing'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.
Hong Kong Exchanges and Clearing Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Hong Kong Exchanges and Clearing's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Hong Kong Exchanges and Clearing'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.
Hong Kong Exchanges and Clearing (HKXCF) has a Gross Margin % of 80.08% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Hong Kong Exchanges and Clearing and its competitors. This is near median its historical median of 77.29. Over the past decade, Hong Kong Exchanges and Clearing's Gross Margin % has ranged from 74.21 to 83.09. According to the industry distribution chart, Hong Kong Exchanges and Clearing ranks #107 out of 620 companies in the Capital Markets industry, placing it in the top 17.3%.
Is Hong Kong Exchanges and Clearing's Gross Margin % too high?
Hong Kong Exchanges and Clearing's current Gross Margin % of 80.08% is near median its 10-year median of 77.29. Over the past 10 years, this metric has ranged from a low of 74.21 to a high of 83.09. The Capital Markets industry median Gross Margin % is 49.63. Hong Kong Exchanges and Clearing's value of 80.08% is 61.4% above this industry median. Based on the distribution chart, Hong Kong Exchanges and Clearing ranks #107 out of 620 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Hong Kong Exchanges and Clearing has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong Exchanges and Clearing's Gross Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Hong Kong Exchanges and Clearing ranks #107 out of 620 companies for Gross Margin %. This places Hong Kong Exchanges and Clearing in the top 17% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 49.63. Hong Kong Exchanges and Clearing's value of 80.08% is 61.4% above this benchmark. Historically, Hong Kong Exchanges and Clearing's own Gross Margin % has ranged from 74.21 to 83.09 over the past decade. While the company's 10-year median is 77.29 vs. the industry median of 49.63, Hong Kong Exchanges and Clearing 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 Capital Markets company?
The median Gross Margin % among Capital Markets companies is 49.63, based on 620 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. Hong Kong Exchanges and Clearing's current Gross Margin % of 80.08% is 61.4% 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 Hong Kong Exchanges and Clearing and its competitors. For the Capital Markets industry, the median Gross Margin % is 49.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Kong Exchanges and Clearing's current Gross Margin % is 80.08%, which is near median its own 10-year median of 77.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Kong Exchanges and Clearing stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong Exchanges and Clearing (HKXCF) is currently considered Modestly Undervalued. The stock's GF Value™ is $62.77, compared to a current price of $46.14 — trading 26.5% below its estimated fair value. The current Gross Margin % is 80.08%, which is near median its 10-year median of 77.29 and 61.4% above the Capital Markets industry median of 49.63. Hong Kong Exchanges and Clearing's overall GF Score™ is 89/100 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 Hong Kong Exchanges and Clearing (HKXCF), the current Gross Margin % is 80.08% 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 Hong Kong Exchanges and Clearing (HKXCF) Overvalued in 2026?
Based on GuruFocus' analysis, Hong Kong Exchanges and Clearing stock appears to be undervalued.
The current stock price of $46.14 is trading 26.5% below its estimated GF Value™ of $62.77.
GuruFocus considers Hong Kong Exchanges and Clearing to be Modestly Undervalued.
Key valuation signals for HKXCF:
Gross Margin %: 80.08% (near median its 10-year median of 77.29)
GF Value™: $62.77 vs. price of $46.14 (26.5% below fair value)
Industry Position: 61.4% above the Capital Markets median (#107 of 620)
No single metric tells the full story. See the HKXCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hong Kong Exchanges and Clearing Business Description
Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
89GF Score
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