PBT Holdings (JSE:PBT) Gross Margin %: 22.61% (As of Sep. 2025) — Near Median


JSE:PBT PBT Holdings Ltd JSE:PBT
80 GF Score
Price R6.80
GF Value R6.96
Valuation Fairly Valued
! 2 Warning Signs
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What is PBT Holdings Gross Margin %?

PBT Holdings JSE:PBT 80 Gross Margin % is 22.61% as of Sep. 2025, which is 8% below its 10-year median of 24.53. GuruFocus rates JSE:PBT with a GF Score™ of 80/100 and a GF Value™ of R6.96 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,681 Software companies, PBT Holdings ranks worse than 74.67% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. PBT Holdings's Gross Profit for the six months ended in Sep. 2025 was R128 Mil. PBT Holdings's Revenue for the six months ended in Sep. 2025 was R568 Mil. Therefore, PBT Holdings's Gross Margin % for the quarter that ended in Sep. 2025 was 22.61%.


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

JSE:PBT' s Gross Margin % Range Over the Past 10 Years
Min: 17.64   Med: 24.53   Max: 25.26
Current: 22.88


During the past 13 years, the highest Gross Margin % of PBT Holdings was 25.26%. The lowest was 17.64%. And the median was 24.53%.

JSE:PBT's Gross Margin % is ranked worse than
74.67% of 2681 companies
in the Software industry
Industry Median: 40.41 vs JSE:PBT: 22.88

PBT Holdings had a gross margin of 22.61% for the quarter that ended in Sep. 2025 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for PBT Holdings was -1.00% per year.


PBT Holdings  (JSE:PBT) 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

PBT Holdings had a gross margin of 22.61% for the quarter that ended in Sep. 2025 => 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.


PBT Holdings Gross Margin % Related Terms


PBT Holdings Gross Margin % Historical Data

* Premium members only.

The historical data trend for PBT Holdings'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.

PBT Holdings Gross Margin % Chart

PBT Holdings Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.32 25.26 24.96 24.19 23.37

PBT Holdings Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 24.11 24.27 23.56 23.18 22.61

JSE:PBT vs IBM, ACN, FISV: Gross Margin % Comparison

For the Information Technology Services subindustry, PBT Holdings'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.


PBT Holdings Gross Margin % vs Software Industry

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

* The bar in red indicates where PBT Holdings's Gross Margin % falls into.


JSE:PBT
80GF Score
PBT Holdings Ltd JSE:PBT
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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PBT Holdings Gross Margin % Calculation

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

PBT Holdings's Gross Margin for the fiscal year that ended in Mar. 2025 is calculated as

Gross Margin % (A: Mar. 2025 )=Gross Profit (A: Mar. 2025 ) / Revenue (A: Mar. 2025 )
=254.1 / 1087.321
=(Revenue - Cost of Goods Sold) / Revenue
=(1087.321 - 833.224) / 1087.321
=23.37 %

PBT Holdings's Gross Margin for the quarter that ended in Sep. 2025 is calculated as


Gross Margin % (Q: Sep. 2025 )=Gross Profit (Q: Sep. 2025 ) / Revenue (Q: Sep. 2025 )
=128.3 / 567.596
=(Revenue - Cost of Goods Sold) / Revenue
=(567.596 - 439.281) / 567.596
=22.61 %

* 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 22.61% mean?
PBT Holdings (JSE:PBT) has a Gross Margin % of 22.61% as of Sep. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on PBT Holdings and its competitors. This is near median its historical median of 24.53. Over the past decade, PBT Holdings' Gross Margin % has ranged from 17.64 to 25.26. According to the industry distribution chart, PBT Holdings ranks #2002 out of 2681 companies in the Software industry, placing it in the top 74.7%.
Is PBT Holdings' Gross Margin % too high?
PBT Holdings' current Gross Margin % of 22.61% is near median its 10-year median of 24.53. Over the past 10 years, this metric has ranged from a low of 17.64 to a high of 25.26. The Software industry median Gross Margin % is 40.41. PBT Holdings' value of 22.61% is 44% below this industry median. Based on the distribution chart, PBT Holdings ranks #2002 out of 2681 companies in the Software industry, which is below the industry midpoint. Overall, PBT Holdings has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PBT Holdings' Gross Margin % compare to IBM and ACN?
According to the Software industry distribution chart, PBT Holdings ranks #2002 out of 2681 companies for Gross Margin %. This places PBT Holdings in the lower half of its industry. The industry median Gross Margin % is 40.41. PBT Holdings' value of 22.61% is 44% below this benchmark. Historically, PBT Holdings' own Gross Margin % has ranged from 17.64 to 25.26 over the past decade. While the company's 10-year median is 24.53 vs. the industry median of 40.41, PBT Holdings 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 40.41, based on 2,681 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. PBT Holdings's current Gross Margin % of 22.61% is 44% 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 PBT Holdings and its competitors. For the Software industry, the median Gross Margin % is 40.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PBT Holdings's current Gross Margin % is 22.61%, which is near median its own 10-year median of 24.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PBT Holdings stock overvalued right now?
Based on GuruFocus' analysis, PBT Holdings (JSE:PBT) is currently considered Fairly Valued. The stock's GF Value™ is R6.96, compared to a current price of R6.80 — trading 2.3% below its estimated fair value. The current Gross Margin % is 22.61%, which is near median its 10-year median of 24.53 and 44% below the Software industry median of 40.41. PBT Holdings' overall GF Score™ is 80/100 with 2 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 PBT Holdings (JSE:PBT), the current Gross Margin % is 22.61% as of Sep. 2025. 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 PBT Holdings (JSE:PBT) Overvalued in 2026?

Based on GuruFocus' analysis, PBT Holdings stock appears to be undervalued. The current stock price of R6.80 is trading 2.3% below its estimated GF Value™ of R6.96. GuruFocus considers PBT Holdings to be Fairly Valued.

Key valuation signals for JSE:PBT:

  • Gross Margin %: 22.61% (near median its 10-year median of 24.53)
  • GF Value™: R6.96 vs. price of R6.80 (2.3% below fair value)
  • GF Score™: 80/100 with 2 warning signs
  • Industry Position: 44% below the Software median (#2002 of 2681)

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


PBT Holdings Business Description

Address 2 Mews Close, Waterford Mews, PBT House, Century City, Cape Town, WC, ZAF, 7441
PBT Holdings Ltd, formerly known as PBT Group Ltd, is a South African-based company that offers information management and data analytics services. It serves finance, insurance, telecommunications, retail, petroleum and medical healthcare industries. The services provided by the company include data engineering, analytics and visualization, artificial intelligence, managed solutions, advisory and strategic services, application development and others. Its operating segments are based on geographical locations namely South Africa, Europe and the United Kingdom. The segment includes consulting and implementation of data, management information software and healthcare administration services provided in the Republic of South Africa, Europe, the United Kingdom, and also Australia.
80GF Score

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

R6.80
Price
R6.96
GF Value