VBT Yazilim AS (IST:VBTYZ) Gross Margin %: 26.88% (As of Mar. 2026) — 39% Above Median


IST:VBTYZ VBT Yazilim AS IST:VBTYZ
83 GF Score
Price ₺28.60
GF Value ₺23.29
Valuation Modestly Overvalued
! 6 Warning Signs
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What is VBT Yazilim AS Gross Margin %?

VBT Yazilim AS IST:VBTYZ 83 Gross Margin % is 26.88% as of Mar. 2026, which is 39% above its 10-year median of 19.36. GuruFocus rates IST:VBTYZ with a GF Score™ of 83/100 and a GF Value™ of ₺23.29 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,683 Software companies, VBT Yazilim AS ranks worse than 61.16% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. VBT Yazilim AS's Gross Profit for the three months ended in Mar. 2026 was ₺208 Mil. VBT Yazilim AS's Revenue for the three months ended in Mar. 2026 was ₺774 Mil. Therefore, VBT Yazilim AS's Gross Margin % for the quarter that ended in Mar. 2026 was 26.88%.


The historical rank and industry rank for VBT Yazilim AS's Gross Margin % or its related term are showing as below:

IST:VBTYZ' s Gross Margin % Range Over the Past 10 Years
Min: 11.36   Med: 19.36   Max: 31.75
Current: 31.75


During the past 8 years, the highest Gross Margin % of VBT Yazilim AS was 31.75%. The lowest was 11.36%. And the median was 19.36%.

IST:VBTYZ's Gross Margin % is ranked worse than
61.16% of 2683 companies
in the Software industry
Industry Median: 40.45 vs IST:VBTYZ: 31.75

VBT Yazilim AS had a gross margin of 26.88% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for VBT Yazilim AS was 7.60% per year.


VBT Yazilim AS  (IST:VBTYZ) 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

VBT Yazilim AS had a gross margin of 26.88% 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.


VBT Yazilim AS Gross Margin % Related Terms


VBT Yazilim AS Gross Margin % Historical Data

* Premium members only.

The historical data trend for VBT Yazilim AS'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.

VBT Yazilim AS Gross Margin % Chart

VBT Yazilim AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial 19.45 15.83 11.36 22.82 31.12

VBT Yazilim AS 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 24.30 30.78 26.55 36.54 26.88

IST:VBTYZ vs IBM, ACN, FISV: Gross Margin % Comparison

For the Information Technology Services subindustry, VBT Yazilim AS'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.


VBT Yazilim AS Gross Margin % vs Software Industry

For the Software industry and Technology sector, VBT Yazilim AS's Gross Margin % distribution charts can be found below:

* The bar in red indicates where VBT Yazilim AS's Gross Margin % falls into.


IST:VBTYZ
83GF Score
VBT Yazilim AS IST:VBTYZ
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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VBT Yazilim AS Gross Margin % Calculation

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

VBT Yazilim AS'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 )
=755.4 / 2427.624
=(Revenue - Cost of Goods Sold) / Revenue
=(2427.624 - 1672.261) / 2427.624
=31.12 %

VBT Yazilim AS'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 )
=208.1 / 774.319
=(Revenue - Cost of Goods Sold) / Revenue
=(774.319 - 566.193) / 774.319
=26.88 %

* 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 26.88% mean?
VBT Yazilim AS (IST:VBTYZ) has a Gross Margin % of 26.88% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on VBT Yazilim AS and its competitors. This is 39% above median its historical median of 19.36. Over the past decade, VBT Yazilim AS's Gross Margin % has ranged from 11.36 to 31.75. According to the industry distribution chart, VBT Yazilim AS ranks #1641 out of 2683 companies in the Software industry, placing it in the top 61.2%.
Is VBT Yazilim AS's Gross Margin % too high?
VBT Yazilim AS's current Gross Margin % of 26.88% is 39% above median its 10-year median of 19.36. Over the past 10 years, this metric has ranged from a low of 11.36 to a high of 31.75. The Software industry median Gross Margin % is 40.45. VBT Yazilim AS's value of 26.88% is 33.5% below this industry median. Based on the distribution chart, VBT Yazilim AS ranks #1641 out of 2683 companies in the Software industry, which is below the industry midpoint. Overall, VBT Yazilim AS has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does VBT Yazilim AS's Gross Margin % compare to IBM and ACN?
According to the Software industry distribution chart, VBT Yazilim AS ranks #1641 out of 2683 companies for Gross Margin %. This places VBT Yazilim AS in the lower half of its industry. The industry median Gross Margin % is 40.45. VBT Yazilim AS's value of 26.88% is 33.5% below this benchmark. Historically, VBT Yazilim AS's own Gross Margin % has ranged from 11.36 to 31.75 over the past decade. While the company's 10-year median is 19.36 vs. the industry median of 40.45, VBT Yazilim AS 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 40.45, based on 2,683 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. VBT Yazilim AS's current Gross Margin % of 26.88% is 33.5% 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 VBT Yazilim AS and its competitors. For the Software industry, the median Gross Margin % is 40.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VBT Yazilim AS's current Gross Margin % is 26.88%, which is 39% above median its own 10-year median of 19.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VBT Yazilim AS stock overvalued right now?
Based on GuruFocus' analysis, VBT Yazilim AS (IST:VBTYZ) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺23.29, compared to a current price of ₺28.60 — trading 22.8% above its estimated fair value. The current Gross Margin % is 26.88%, which is 39% above median its 10-year median of 19.36 and 33.5% below the Software industry median of 40.45. VBT Yazilim AS's overall GF Score™ is 83/100 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 VBT Yazilim AS (IST:VBTYZ), the current Gross Margin % is 26.88% 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 VBT Yazilim AS (IST:VBTYZ) Overvalued in 2026?

Based on GuruFocus' analysis, VBT Yazilim AS stock appears to be overvalued. The current stock price of ₺28.60 is trading 22.8% above its estimated GF Value™ of ₺23.29. GuruFocus considers VBT Yazilim AS to be Modestly Overvalued.

Key valuation signals for IST:VBTYZ:

  • Gross Margin %: 26.88% (39% above median its 10-year median of 19.36)
  • GF Value™: ₺23.29 vs. price of ₺28.60 (22.8% above fair value)
  • GF Score™: 83/100 with 6 warning signs
  • Industry Position: 33.5% below the Software median (#1641 of 2683)

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


VBT Yazilim AS Business Description

Address Icerenkoy Mh. Umut Sk. No:10-12, AND Plaza, K:13 D:57-60, Atasehir, Istanbul, TUR, 34752
VBT Yazilim AS is an information technology company. Its products include E-Transformation Applications, Energy and Utility Applications, Public Applications, Commercial Applications, Application Modernization, BMC Software, IBM, MICRO FOCUS, Jennifer. Its services include Outsource, Training, Consultancy Services, and Modernization.
83GF Score

Get the complete analysis for IST:VBTYZ

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

₺28.60
Price
₺23.29
GF Value