IPA Investment Group JSC (HSTC:IPA) Gross Margin %: 38.09% (As of Mar. 2026) — 14% Below Median

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HSTC:IPA IPA Investment Group JSC HSTC:IPA
85 GF Score
Price ₫15,200.00
GF Value ₫23,275.23
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is IPA Investment Group JSC Gross Margin %?

IPA Investment Group JSC HSTC:IPA 85 Gross Margin % is 38.09% as of Mar. 2026, which is 14% below its 10-year median of 44.32. GuruFocus rates HSTC:IPA with a GF Score™ of 85/100 and a GF Value™ of ₫23,275.23 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 618 Capital Markets companies, IPA Investment Group JSC ranks worse than 50.81% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. IPA Investment Group JSC's Gross Profit for the three months ended in Mar. 2026 was ₫47,413 Mil. IPA Investment Group JSC's Revenue for the three months ended in Mar. 2026 was ₫124,482 Mil. Therefore, IPA Investment Group JSC's Gross Margin % for the quarter that ended in Mar. 2026 was 38.09%.


The historical rank and industry rank for IPA Investment Group JSC's Gross Margin % or its related term are showing as below:

HSTC:IPA' s Gross Margin % Range Over the Past 10 Years
Min: 8.55   Med: 44.32   Max: 54.41
Current: 48.13


During the past 8 years, the highest Gross Margin % of IPA Investment Group JSC was 54.41%. The lowest was 8.55%. And the median was 44.32%.

HSTC:IPA's Gross Margin % is ranked worse than
50.81% of 618 companies
in the Capital Markets industry
Industry Median: 49.87 vs HSTC:IPA: 48.13

IPA Investment Group JSC had a gross margin of 38.09% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for IPA Investment Group JSC was 1.50% per year.


IPA Investment Group JSC  (HSTC:IPA) 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

IPA Investment Group JSC had a gross margin of 38.09% for the quarter that ended in Mar. 2026 => 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.


IPA Investment Group JSC Gross Margin % Related Terms


IPA Investment Group JSC Gross Margin % Historical Data

* Premium members only.

The historical data trend for IPA Investment Group JSC'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.

IPA Investment Group JSC Gross Margin % Chart

IPA Investment Group JSC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial 54.41 53.13 40.26 49.87 48.37

IPA Investment Group JSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only 42.38 45.51 48.55 53.84 38.09

HSTC:IPA vs MS, GS, SCHW: Gross Margin % Comparison

For the Capital Markets subindustry, IPA Investment Group JSC'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.


IPA Investment Group JSC Gross Margin % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, IPA Investment Group JSC's Gross Margin % distribution charts can be found below:

* The bar in red indicates where IPA Investment Group JSC's Gross Margin % falls into.


HSTC:IPA
85GF Score
IPA Investment Group JSC HSTC:IPA
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IPA Investment Group JSC Gross Margin % Calculation

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

IPA Investment Group JSC'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 )
=285362.3 / 589992.065
=(Revenue - Cost of Goods Sold) / Revenue
=(589992.065 - 304629.806) / 589992.065
=48.37 %

IPA Investment Group JSC's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=47413 / 124481.746
=(Revenue - Cost of Goods Sold) / Revenue
=(124481.746 - 77068.786) / 124481.746
=38.09 %

* 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 38.09% mean?
IPA Investment Group JSC (HSTC:IPA) has a Gross Margin % of 38.09% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on IPA Investment Group JSC and its competitors. This is 14% below median its historical median of 44.32. Over the past decade, IPA Investment Group JSC's Gross Margin % has ranged from 8.55 to 54.41. According to the industry distribution chart, IPA Investment Group JSC ranks #314 out of 618 companies in the Capital Markets industry, placing it in the top 50.8%.
Is IPA Investment Group JSC's Gross Margin % too high?
IPA Investment Group JSC's current Gross Margin % of 38.09% is 14% below median its 10-year median of 44.32. Over the past 10 years, this metric has ranged from a low of 8.55 to a high of 54.41. The Capital Markets industry median Gross Margin % is 49.87. IPA Investment Group JSC's value of 38.09% is 23.6% below this industry median. Based on the distribution chart, IPA Investment Group JSC ranks #314 out of 618 companies in the Capital Markets industry, which is below the industry midpoint. Overall, IPA Investment Group JSC has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does IPA Investment Group JSC's Gross Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, IPA Investment Group JSC ranks #314 out of 618 companies for Gross Margin %. This places IPA Investment Group JSC in the lower half of its industry. The industry median Gross Margin % is 49.87. IPA Investment Group JSC's value of 38.09% is 23.6% below this benchmark. Historically, IPA Investment Group JSC's own Gross Margin % has ranged from 8.55 to 54.41 over the past decade. While the company's 10-year median is 44.32 vs. the industry median of 49.87, IPA Investment Group JSC 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 Capital Markets company?
The median Gross Margin % among Capital Markets companies is 49.87, based on 618 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. IPA Investment Group JSC's current Gross Margin % of 38.09% is 23.6% 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 IPA Investment Group JSC and its competitors. For the Capital Markets industry, the median Gross Margin % is 49.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPA Investment Group JSC's current Gross Margin % is 38.09%, which is 14% below median its own 10-year median of 44.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPA Investment Group JSC stock overvalued right now?
Based on GuruFocus' analysis, IPA Investment Group JSC (HSTC:IPA) is currently considered Possible Value Trap. The stock's GF Value™ is ₫23,275.23, compared to a current price of ₫15,200.00 — trading 34.7% below its estimated fair value. The current Gross Margin % is 38.09%, which is 14% below median its 10-year median of 44.32 and 23.6% below the Capital Markets industry median of 49.87. IPA Investment Group JSC's overall GF Score™ is 85/100 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 IPA Investment Group JSC (HSTC:IPA), the current Gross Margin % is 38.09% 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 IPA Investment Group JSC (HSTC:IPA) Overvalued in 2026?

Based on GuruFocus' analysis, IPA Investment Group JSC stock appears to be undervalued. The current stock price of ₫15,200.00 is trading 34.7% below its estimated GF Value™ of ₫23,275.23. GuruFocus considers IPA Investment Group JSC to be Possible Value Trap.

Key valuation signals for HSTC:IPA:

  • Gross Margin %: 38.09% (14% below median its 10-year median of 44.32)
  • GF Value™: ₫23,275.23 vs. price of ₫15,200.00 (34.7% below fair value)
  • GF Score™: 85/100 with 5 warning signs
  • Industry Position: 23.6% below the Capital Markets median (#314 of 618)

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


IPA Investment Group JSC Business Description

Address Nguyen Thuong Hien, No. 1, Hai Ba Trung Ward, Hanoi, VNM
IPA Investment Group JSC is a multi-sector investment group building and operating a business ecosystem under the Capability Bank model. It operates diversified business lines directly and/or through subsidiaries, associated companies, and enterprises within the IPA Group ecosystem in Vietnam. The Group's operating business segments are: Financial Services, Investment, Commercial electricity production, Business solutions, F&B, and Others: other services, real estate, goods, etc. The majority of its revenue is derived from its Business solutions and Commercial electricity production segments. These segments offer technology and digital solutions to businesses and engage in construction investment, power facilities development, and the trading of commercial electricity.
85GF Score

Get the complete analysis for HSTC:IPA

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

₫15,200.00
Price
₫23,275.23
GF Value