Jeronimo Martins SGPSJRONY -0.33%91 Gross Margin % is 21.05% as of Mar. 2026, which is 1% below its 10-year median of 21.27. GuruFocus rates JRONY with a GF Score™ of 91/100 and a GF Value™ of $52.86 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 305 Retail - Defensive companies, Jeronimo Martins SGPS ranks worse than 61.31% on this metric.
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
Jeronimo Martins SGPS had a gross margin of 21.05% 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.
Jeronimo Martins SGPS Gross Margin % Related Terms
Jeronimo Martins SGPS Gross Margin % Historical Data
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The historical data trend for Jeronimo Martins SGPS'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.
JRONY vs SYY, USFD, PFGC: Gross Margin % Comparison
For the Food Distribution subindustry, Jeronimo Martins SGPS'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.
Jeronimo Martins SGPS Gross Margin % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Jeronimo Martins SGPS's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Jeronimo Martins SGPS'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.
Jeronimo Martins SGPS (JRONY) has a Gross Margin % of 21.05% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Jeronimo Martins SGPS and its competitors. This is near median its historical median of 21.27. Over the past decade, Jeronimo Martins SGPS's Gross Margin % has ranged from 20.42 to 21.90. According to the industry distribution chart, Jeronimo Martins SGPS ranks #187 out of 305 companies in the Retail - Defensive industry, placing it in the top 61.3%.
Is Jeronimo Martins SGPS's Gross Margin % too high?
Jeronimo Martins SGPS's current Gross Margin % of 21.05% is near median its 10-year median of 21.27. Over the past 10 years, this metric has ranged from a low of 20.42 to a high of 21.90. The Retail - Defensive industry median Gross Margin % is 24.14. Jeronimo Martins SGPS's value of 21.05% is 12.8% below this industry median. Based on the distribution chart, Jeronimo Martins SGPS ranks #187 out of 305 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Jeronimo Martins SGPS has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jeronimo Martins SGPS's Gross Margin % compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Jeronimo Martins SGPS ranks #187 out of 305 companies for Gross Margin %. This places Jeronimo Martins SGPS in the lower half of its industry. The industry median Gross Margin % is 24.14. Jeronimo Martins SGPS's value of 21.05% is 12.8% below this benchmark. Historically, Jeronimo Martins SGPS's own Gross Margin % has ranged from 20.42 to 21.90 over the past decade. While the company's 10-year median is 21.27 vs. the industry median of 24.14, Jeronimo Martins SGPS 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 Retail - Defensive company?
The median Gross Margin % among Retail - Defensive companies is 24.14, based on 305 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. Jeronimo Martins SGPS's current Gross Margin % of 21.05% is 12.8% 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 Jeronimo Martins SGPS and its competitors. For the Retail - Defensive industry, the median Gross Margin % is 24.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jeronimo Martins SGPS's current Gross Margin % is 21.05%, which is near median its own 10-year median of 21.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jeronimo Martins SGPS stock overvalued right now?
Based on GuruFocus' analysis, Jeronimo Martins SGPS (JRONY) is currently considered Modestly Undervalued. The stock's GF Value™ is $52.86, compared to a current price of $39.29 — trading 25.7% below its estimated fair value. The current Gross Margin % is 21.05%, which is near median its 10-year median of 21.27 and 12.8% below the Retail - Defensive industry median of 24.14. Jeronimo Martins SGPS's overall GF Score™ is 91/100 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 Jeronimo Martins SGPS (JRONY), the current Gross Margin % is 21.05% 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 Jeronimo Martins SGPS (JRONY) Overvalued in 2026?
Based on GuruFocus' analysis, Jeronimo Martins SGPS stock appears to be undervalued.
The current stock price of $39.29 is trading 25.7% below its estimated GF Value™ of $52.86.
GuruFocus considers Jeronimo Martins SGPS to be Modestly Undervalued.
Key valuation signals for JRONY:
Gross Margin %: 21.05% (near median its 10-year median of 21.27)
GF Value™: $52.86 vs. price of $39.29 (25.7% below fair value)
Industry Position: 12.8% below the Retail - Defensive median (#187 of 305)
No single metric tells the full story. See the JRONY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jeronimo Martins SGPS SA is engaged in food distribution business. It operates food retail business in Poland, Portugal, and Colombia. Its business areas include food distribution, Agribusiness, and Specialised retail. Its segments include Portugal Retail: comprises the business unit of JMR (Pingo Doce supermarkets); Portugal Cash & Carry: includes the business unit Recheio; Poland Retail: the business unit which operates under Biedronka banner in this country; Poland Health and Beauty: includes the Hebe banner business unit in Poland, also includes the operations of its subsidiaries in Czechia and Slovakia; Colombia Retail: the business unit which operates under Ara banner; and Others. It derives the majority of the revenue from Poland Retail business segment.
91GF Score
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