VunaniJSE:VUN 83 Gross Margin % is 41.76% as of Feb. 2026, which is 13% below its 10-year median of 47.95. GuruFocus rates JSE:VUN with a GF Score™ of 83/100 and a GF Value™ of R2.71 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 620 Capital Markets companies, Vunani ranks worse than 55.65% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Vunani's Gross Profit for the
six
months ended in Feb. 2026 was R199.2 Mil. Vunani's Revenue for the
six
months ended in Feb. 2026 was R477.1 Mil. Therefore, Vunani's Gross Margin % for the quarter that ended in Feb. 2026 was 41.76%.
Warning Sign:
Vunani Ltd gross margin has been in long-term decline. The average rate of decline per year is -6.7%.
The historical rank and industry rank for Vunani's Gross Margin % or its related term are showing as below:
JSE:VUN'
s Gross Margin % Range Over the Past 10 Years
Min: 36.41 Med: 47.95 Max: 57.07
Current: 38.75
During the past 13 years, the highestGross Margin % of Vunani was 57.07%. The lowest was 36.41%. And the median was 47.95%.
JSE:VUN's Gross Margin % is ranked worse than 55.65% of 620
companies
in the Capital Markets industry
Industry Median: 49.63
vs JSE:VUN: 38.75
Vunani had a gross margin of 41.76% for the quarter that ended in Feb. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Vunani was -6.70% per year.
Vunani (JSE:VUN) 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
Vunani had a gross margin of 41.76% for the quarter that ended in Feb. 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.
Vunani Gross Margin % Related Terms
Vunani Gross Margin % Historical Data
* Premium members only.
The historical data trend for Vunani'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:VUN vs MS, GS, SCHW: Gross Margin % Comparison
For the Capital Markets subindustry, Vunani'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.
Vunani Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Vunani's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Vunani'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.
Vunani (JSE:VUN) has a Gross Margin % of 41.76% as of Feb. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Vunani and its competitors. This is 13% below median its historical median of 47.95. Over the past decade, Vunani's Gross Margin % has ranged from 36.41 to 57.07. According to the industry distribution chart, Vunani ranks #345 out of 620 companies in the Capital Markets industry, placing it in the top 55.6%.
Is Vunani's Gross Margin % too high?
Vunani's current Gross Margin % of 41.76% is 13% below median its 10-year median of 47.95. Over the past 10 years, this metric has ranged from a low of 36.41 to a high of 57.07. The Capital Markets industry median Gross Margin % is 49.63. Vunani's value of 41.76% is 15.9% below this industry median. Based on the distribution chart, Vunani ranks #345 out of 620 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Vunani has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vunani's Gross Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Vunani ranks #345 out of 620 companies for Gross Margin %. This places Vunani in the lower half of its industry. The industry median Gross Margin % is 49.63. Vunani's value of 41.76% is 15.9% below this benchmark. Historically, Vunani's own Gross Margin % has ranged from 36.41 to 57.07 over the past decade. While the company's 10-year median is 47.95 vs. the industry median of 49.63, Vunani 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 Capital Markets company?
The median Gross Margin % among Capital Markets companies is 49.63, based on 620 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. Vunani's current Gross Margin % of 41.76% is 15.9% 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 Vunani and its competitors. For the Capital Markets industry, the median Gross Margin % is 49.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vunani's current Gross Margin % is 41.76%, which is 13% below median its own 10-year median of 47.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vunani stock overvalued right now?
Based on GuruFocus' analysis, Vunani (JSE:VUN) is currently considered Modestly Undervalued. The stock's GF Value™ is R2.71, compared to a current price of R2.45 — trading 9.6% below its estimated fair value. The current Gross Margin % is 41.76%, which is 13% below median its 10-year median of 47.95 and 15.9% below the Capital Markets industry median of 49.63. Vunani's overall GF Score™ is 83/100 with 8 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 Vunani (JSE:VUN), the current Gross Margin % is 41.76% as of Feb. 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 Vunani (JSE:VUN) Overvalued in 2026?
Based on GuruFocus' analysis, Vunani stock appears to be undervalued.
The current stock price of R2.45 is trading 9.6% below its estimated GF Value™ of R2.71.
GuruFocus considers Vunani to be Modestly Undervalued.
Key valuation signals for JSE:VUN:
Gross Margin %: 41.76% (13% below median its 10-year median of 47.95)
GF Value™: R2.71 vs. price of R2.45 (9.6% below fair value)
Industry Position: 15.9% below the Capital Markets median (#345 of 620)
No single metric tells the full story. See the JSE:VUN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vunani Ltd is a financial services company. The company has five reportable segments: fund management, asset administration, advisory services, institutional securities broking, and insurance. The fund management comprises institutional and retail product offerings, which include equities, bonds, inflation-linked bonds, and property. The advisory segment provides corporate advisory and investment services. The institutional securities broking provides equity, derivative, and capital market trading services for institutional clients. The insurance segment provides short-term insurance, medical aid, individual life, and employee benefits in Eswatini. The asset administration provides beneficiary fund services for minor dependents of deceased retirement fund members.
83GF Score
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