Vestel Beyaz Esa Ticaretnayi AS (IST:VESBE) Gross Margin %: -2.41% (As of Mar. 2026)


IST:VESBE Vestel Beyaz Esa Ticaret Sanayi AS IST:VESBE
64 GF Score
Price ₺7.40
GF Value ₺11.09
Valuation Possible Value Trap
! 9 Warning Signs
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What is Vestel Beyaz Esa Ticaretnayi AS Gross Margin %?

Vestel Beyaz Esa Ticaretnayi AS IST:VESBE +9.96% 64 Gross Margin % is -2.41% as of Mar. 2026. GuruFocus rates IST:VESBE with a GF Score™ of 64/100 and a GF Value™ of ₺11.09 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 415 Furnishings, Fixtures & Appliances companies, Vestel Beyaz Esa Ticaretnayi AS ranks worse than 95.18% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Vestel Beyaz Esa Ticaretnayi AS's Gross Profit for the three months ended in Mar. 2026 was ₺-239 Mil. Vestel Beyaz Esa Ticaretnayi AS's Revenue for the three months ended in Mar. 2026 was ₺9,943 Mil. Therefore, Vestel Beyaz Esa Ticaretnayi AS's Gross Margin % for the quarter that ended in Mar. 2026 was -2.41%.

Warning Sign:

Vestel Beyaz Esa Ticaret Sanayi AS gross margin has been in long-term decline. The average rate of decline per year is -15%.


The historical rank and industry rank for Vestel Beyaz Esa Ticaretnayi AS's Gross Margin % or its related term are showing as below:

IST:VESBE' s Gross Margin % Range Over the Past 10 Years
Min: 5.43   Med: 14.33   Max: 19.2
Current: 5.43


During the past 13 years, the highest Gross Margin % of Vestel Beyaz Esa Ticaretnayi AS was 19.20%. The lowest was 5.43%. And the median was 14.33%.

IST:VESBE's Gross Margin % is ranked worse than
95.18% of 415 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 29.11 vs IST:VESBE: 5.43

Vestel Beyaz Esa Ticaretnayi AS had a gross margin of -2.41% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Vestel Beyaz Esa Ticaretnayi AS was -15.00% per year.


Vestel Beyaz Esa Ticaretnayi AS  (IST:VESBE) 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

Vestel Beyaz Esa Ticaretnayi AS had a gross margin of -2.41% for the quarter that ended in Mar. 2026 => No sustainable 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.


Vestel Beyaz Esa Ticaretnayi AS Gross Margin % Related Terms


Vestel Beyaz Esa Ticaretnayi AS Gross Margin % Historical Data

* Premium members only.

The historical data trend for Vestel Beyaz Esa Ticaretnayi 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.

Vestel Beyaz Esa Ticaretnayi AS Gross Margin % Chart

Vestel Beyaz Esa Ticaretnayi AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.85 9.74 16.33 10.50 7.12

Vestel Beyaz Esa Ticaretnayi 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 7.85 7.99 7.88 4.44 -2.41

IST:VESBE vs SN, SGI, MHK: Gross Margin % Comparison

For the Furnishings, Fixtures & Appliances subindustry, Vestel Beyaz Esa Ticaretnayi 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.


Vestel Beyaz Esa Ticaretnayi AS Gross Margin % vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Vestel Beyaz Esa Ticaretnayi AS's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Vestel Beyaz Esa Ticaretnayi AS's Gross Margin % falls into.


IST:VESBE
64GF Score
Vestel Beyaz Esa Ticaret Sanayi AS IST:VESBE
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Vestel Beyaz Esa Ticaretnayi AS Gross Margin % Calculation

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

Vestel Beyaz Esa Ticaretnayi 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 )
=5293.5 / 74360.043
=(Revenue - Cost of Goods Sold) / Revenue
=(74360.043 - 69066.581) / 74360.043
=7.12 %

Vestel Beyaz Esa Ticaretnayi 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 )
=-239.3 / 9943.042
=(Revenue - Cost of Goods Sold) / Revenue
=(9943.042 - 10182.297) / 9943.042
=-2.41 %

* 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 -2.41% mean?
Vestel Beyaz Esa Ticaretnayi AS (IST:VESBE) has a Gross Margin % of -2.41% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Vestel Beyaz Esa Ticaretnayi AS and its competitors. Over the past decade, Vestel Beyaz Esa Ticaretnayi AS's Gross Margin % has ranged from 5.43 to 19.20. According to the industry distribution chart, Vestel Beyaz Esa Ticaretnayi AS ranks #395 out of 415 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 95.2%.
Is Vestel Beyaz Esa Ticaretnayi AS's Gross Margin % too high?
Vestel Beyaz Esa Ticaretnayi AS's current Gross Margin % is -2.41%. Over the past 10 years, this metric has ranged from a low of 5.43 to a high of 19.20. Based on the distribution chart, Vestel Beyaz Esa Ticaretnayi AS ranks #395 out of 415 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Vestel Beyaz Esa Ticaretnayi AS 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 Vestel Beyaz Esa Ticaretnayi AS's Gross Margin % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Vestel Beyaz Esa Ticaretnayi AS ranks #395 out of 415 companies for Gross Margin %. This places Vestel Beyaz Esa Ticaretnayi AS in the lower half of its industry. The industry median Gross Margin % is 29.11. Historically, Vestel Beyaz Esa Ticaretnayi AS's own Gross Margin % has ranged from 5.43 to 19.20 over the past decade. 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 Furnishings, Fixtures & Appliances company?
The median Gross Margin % among Furnishings, Fixtures & Appliances companies is 29.11, based on 415 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. 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 Vestel Beyaz Esa Ticaretnayi AS and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Gross Margin % is 29.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vestel Beyaz Esa Ticaretnayi AS's current Gross Margin % is -2.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vestel Beyaz Esa Ticaretnayi AS stock overvalued right now?
Based on GuruFocus' analysis, Vestel Beyaz Esa Ticaretnayi AS (IST:VESBE) is currently considered Possible Value Trap. The stock's GF Value™ is ₺11.09, compared to a current price of ₺7.40 — trading 33.3% below its estimated fair value. The current Gross Margin % is -2.41%. Vestel Beyaz Esa Ticaretnayi AS's overall GF Score™ is 64/100 with 9 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 Vestel Beyaz Esa Ticaretnayi AS (IST:VESBE), the current Gross Margin % is -2.41% 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 Vestel Beyaz Esa Ticaretnayi AS (IST:VESBE) Overvalued in 2026?

Based on GuruFocus' analysis, Vestel Beyaz Esa Ticaretnayi AS stock appears to be undervalued. The current stock price of ₺7.40 is trading 33.3% below its estimated GF Value™ of ₺11.09. GuruFocus considers Vestel Beyaz Esa Ticaretnayi AS to be Possible Value Trap.

Key valuation signals for IST:VESBE:

  • Gross Margin %: -2.41%
  • GF Value™: ₺11.09 vs. price of ₺7.40 (33.3% below fair value)
  • GF Score™: 64/100 with 9 warning signs

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


Vestel Beyaz Esa Ticaretnayi AS Business Description

Address Buyukdere Cad. No: 199, Levent 199, Sisli, Istanbul, TUR, 34394
Vestel Beyaz Esa Ticaret Sanayi AS produces refrigerators, room air conditioning units, washing machines, cookers, dishwashers and water heaters. The company operates in single segment and its geographical operations are spread across Turkey, Europe and Other countries with the majority of the revenue generating from Europe.
64GF Score

Get the complete analysis for IST:VESBE

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

₺7.40
Price
₺11.09
GF Value