Tsogo SunJSE:TSG +1.69%78 Gross Margin % is 64.05% as of Mar. 2026, which is 4% above its 10-year median of 61.45. GuruFocus rates JSE:TSG with a GF Score™ of 78/100 and a GF Value™ of R10.62 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 792 Travel & Leisure companies, Tsogo Sun ranks better than 75.38% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Tsogo Sun's Gross Profit for the
six
months ended in Mar. 2026 was R3,474 Mil. Tsogo Sun's Revenue for the
six
months ended in Mar. 2026 was R5,424 Mil. Therefore, Tsogo Sun's Gross Margin % for the quarter that ended in Mar. 2026 was 64.05%.
The historical rank and industry rank for Tsogo Sun's Gross Margin % or its related term are showing as below:
JSE:TSG'
s Gross Margin % Range Over the Past 10 Years
Min: 58.31 Med: 61.45 Max: 78.66
Current: 63.61
During the past 13 years, the highestGross Margin % of Tsogo Sun was 78.66%. The lowest was 58.31%. And the median was 61.45%.
JSE:TSG's Gross Margin % is ranked better than 75.38% of 792
companies
in the Travel & Leisure industry
Industry Median: 43.97
vs JSE:TSG: 63.61
Tsogo Sun had a gross margin of 64.05% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Tsogo Sun was 2.00% per year.
Tsogo Sun (JSE:TSG) 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
Tsogo Sun had a gross margin of 64.05% for the quarter that ended in Mar. 2026 => Durable 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.
Tsogo Sun Gross Margin % Related Terms
Tsogo Sun Gross Margin % Historical Data
* Premium members only.
The historical data trend for Tsogo Sun'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.
JSE:TSG vs LVS, MGM, WYNN: Gross Margin % Comparison
For the Resorts & Casinos subindustry, Tsogo Sun'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.
Tsogo Sun Gross Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Tsogo Sun's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Tsogo Sun'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.
Tsogo Sun (JSE:TSG) has a Gross Margin % of 64.05% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Tsogo Sun and its competitors. This is near median its historical median of 61.45. Over the past decade, Tsogo Sun's Gross Margin % has ranged from 58.31 to 78.66. According to the industry distribution chart, Tsogo Sun ranks #195 out of 792 companies in the Travel & Leisure industry, placing it in the top 24.6%.
Is Tsogo Sun's Gross Margin % too high?
Tsogo Sun's current Gross Margin % of 64.05% is near median its 10-year median of 61.45. Over the past 10 years, this metric has ranged from a low of 58.31 to a high of 78.66. The Travel & Leisure industry median Gross Margin % is 43.97. Tsogo Sun's value of 64.05% is 45.7% above this industry median. Based on the distribution chart, Tsogo Sun ranks #195 out of 792 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Tsogo Sun has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tsogo Sun's Gross Margin % compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Tsogo Sun ranks #195 out of 792 companies for Gross Margin %. This places Tsogo Sun in the top 25% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 43.97. Tsogo Sun's value of 64.05% is 45.7% above this benchmark. Historically, Tsogo Sun's own Gross Margin % has ranged from 58.31 to 78.66 over the past decade. While the company's 10-year median is 61.45 vs. the industry median of 43.97, Tsogo Sun has consistently been above 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 Travel & Leisure company?
The median Gross Margin % among Travel & Leisure companies is 43.97, based on 792 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. Tsogo Sun's current Gross Margin % of 64.05% is 45.7% above 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 Tsogo Sun and its competitors. For the Travel & Leisure industry, the median Gross Margin % is 43.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tsogo Sun's current Gross Margin % is 64.05%, which is near median its own 10-year median of 61.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsogo Sun stock overvalued right now?
Based on GuruFocus' analysis, Tsogo Sun (JSE:TSG) is currently considered Modestly Undervalued. The stock's GF Value™ is R10.62, compared to a current price of R7.80 — trading 26.6% below its estimated fair value. The current Gross Margin % is 64.05%, which is near median its 10-year median of 61.45 and 45.7% above the Travel & Leisure industry median of 43.97. Tsogo Sun's overall GF Score™ is 78/100 with 4 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 Tsogo Sun (JSE:TSG), the current Gross Margin % is 64.05% 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 Tsogo Sun (JSE:TSG) Overvalued in 2026?
Based on GuruFocus' analysis, Tsogo Sun stock appears to be undervalued.
The current stock price of R7.80 is trading 26.6% below its estimated GF Value™ of R10.62.
GuruFocus considers Tsogo Sun to be Modestly Undervalued.
Key valuation signals for JSE:TSG:
Gross Margin %: 64.05% (near median its 10-year median of 61.45)
GF Value™: R10.62 vs. price of R7.80 (26.6% below fair value)
Industry Position: 45.7% above the Travel & Leisure median (#195 of 792)
No single metric tells the full story. See the JSE:TSG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tsogo Sun Ltd is engaged principally in the gaming, entertainment, and hospitality industry operating in South Africa. It owns and operates casino and entertainment destinations in South Africa, hotels, Galaxy Bingo sites, VSlots limited payout machines, playTSOGO, Bet.co.za, a Theme Park, theatres, cinemas, restaurants, bars, and conference facilities. The company's operating segments are; Casinos, LPMs, Other gaming and betting, and Corporate. Maximum revenue for the company is derived from its Casinos segment.
78GF Score
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