Jardine Matheson Holdings (LSE:JAR) Gross Margin %: 27.31% (As of Dec. 2025) — Near Median


LSE:JAR Jardine Matheson Holdings Ltd LSE:JAR
69 GF Score
Price $62.50
GF Value $37.37
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Jardine Matheson Holdings Gross Margin %?

Jardine Matheson Holdings LSE:JAR 69 Gross Margin % is 27.31% as of Dec. 2025, which is 7% above its 10-year median of 25.41. GuruFocus rates LSE:JAR with a GF Score™ of 69/100 and a GF Value™ of $37.37 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 511 Conglomerates companies, Jardine Matheson Holdings ranks better than 53.23% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Jardine Matheson Holdings's Gross Profit for the six months ended in Dec. 2025 was $4,680 Mil. Jardine Matheson Holdings's Revenue for the six months ended in Dec. 2025 was $17,139 Mil. Therefore, Jardine Matheson Holdings's Gross Margin % for the quarter that ended in Dec. 2025 was 27.31%.


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

LSE:JAR' s Gross Margin % Range Over the Past 10 Years
Min: 23.8   Med: 25.41   Max: 28.5
Current: 27.53


During the past 13 years, the highest Gross Margin % of Jardine Matheson Holdings was 28.50%. The lowest was 23.80%. And the median was 25.41%.

LSE:JAR's Gross Margin % is ranked better than
53.23% of 511 companies
in the Conglomerates industry
Industry Median: 25.96 vs LSE:JAR: 27.53

Jardine Matheson Holdings had a gross margin of 27.31% for the quarter that ended in Dec. 2025 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Jardine Matheson Holdings was 2.00% per year.


Jardine Matheson Holdings  (LSE:JAR) 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

Jardine Matheson Holdings had a gross margin of 27.31% for the quarter that ended in Dec. 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.


Jardine Matheson Holdings Gross Margin % Related Terms


Jardine Matheson Holdings Gross Margin % Historical Data

* Premium members only.

The historical data trend for Jardine Matheson 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.

Jardine Matheson Holdings Gross Margin % Chart

Jardine Matheson Holdings 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 25.39 27.17 28.50 27.62 27.53

Jardine Matheson Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 29.13 27.09 28.12 27.75 27.31

LSE:JAR vs HON, MMM: Gross Margin % Comparison

For the Conglomerates subindustry, Jardine Matheson 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.


Jardine Matheson Holdings Gross Margin % vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Jardine Matheson Holdings's Gross Margin % distribution charts can be found below:

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


LSE:JAR
69GF Score
Jardine Matheson Holdings Ltd LSE:JAR
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Jardine Matheson Holdings Gross Margin % Calculation

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

Jardine Matheson Holdings'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 )
=9419 / 34217
=(Revenue - Cost of Goods Sold) / Revenue
=(34217 - 24798) / 34217
=27.53 %

Jardine Matheson Holdings's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=4680 / 17139
=(Revenue - Cost of Goods Sold) / Revenue
=(17139 - 12459) / 17139
=27.31 %

* 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 27.31% mean?
Jardine Matheson Holdings (LSE:JAR) has a Gross Margin % of 27.31% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Jardine Matheson Holdings and its competitors. This is near median its historical median of 25.41. Over the past decade, Jardine Matheson Holdings' Gross Margin % has ranged from 23.80 to 28.50. According to the industry distribution chart, Jardine Matheson Holdings ranks #239 out of 511 companies in the Conglomerates industry, placing it in the top 46.8%.
Is Jardine Matheson Holdings' Gross Margin % too high?
Jardine Matheson Holdings' current Gross Margin % of 27.31% is near median its 10-year median of 25.41. Over the past 10 years, this metric has ranged from a low of 23.80 to a high of 28.50. The Conglomerates industry median Gross Margin % is 25.96. Jardine Matheson Holdings' value of 27.31% is 5.2% above this industry median. Based on the distribution chart, Jardine Matheson Holdings ranks #239 out of 511 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Jardine Matheson Holdings has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jardine Matheson Holdings' Gross Margin % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Jardine Matheson Holdings ranks #239 out of 511 companies for Gross Margin %. This puts Jardine Matheson Holdings in the upper half of its industry. The industry median Gross Margin % is 25.96. Jardine Matheson Holdings' value of 27.31% is 5.2% above this benchmark. Historically, Jardine Matheson Holdings' own Gross Margin % has ranged from 23.80 to 28.50 over the past decade. While the company's 10-year median is 25.41 vs. the industry median of 25.96, Jardine Matheson Holdings 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 Conglomerates company?
The median Gross Margin % among Conglomerates companies is 25.96, based on 511 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. Jardine Matheson Holdings's current Gross Margin % of 27.31% is 5.2% 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 Jardine Matheson Holdings and its competitors. For the Conglomerates industry, the median Gross Margin % is 25.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jardine Matheson Holdings's current Gross Margin % is 27.31%, which is near median its own 10-year median of 25.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jardine Matheson Holdings stock overvalued right now?
Based on GuruFocus' analysis, Jardine Matheson Holdings (LSE:JAR) is currently considered Significantly Overvalued. The stock's GF Value™ is $37.37, compared to a current price of $62.50 — trading 67.2% above its estimated fair value. The current Gross Margin % is 27.31%, which is near median its 10-year median of 25.41 and 5.2% above the Conglomerates industry median of 25.96. Jardine Matheson Holdings' overall GF Score™ is 69/100 with 3 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 Jardine Matheson Holdings (LSE:JAR), the current Gross Margin % is 27.31% as of Dec. 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 Jardine Matheson Holdings (LSE:JAR) Overvalued in 2026?

Based on GuruFocus' analysis, Jardine Matheson Holdings stock appears to be overvalued. The current stock price of $62.50 is trading 67.2% above its estimated GF Value™ of $37.37. GuruFocus considers Jardine Matheson Holdings to be Significantly Overvalued.

Key valuation signals for LSE:JAR:

  • Gross Margin %: 27.31% (near median its 10-year median of 25.41)
  • GF Value™: $37.37 vs. price of $62.50 (67.2% above fair value)
  • GF Score™: 69/100 with 3 warning signs
  • Industry Position: 5.2% above the Conglomerates median (#239 of 511)

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


Jardine Matheson Holdings Business Description

Address 33-35 Reid Street, 4th Floor, Jardine House, P.O. Box HM 1068, Hamilton, BMU, HM 12
Jardine Matheson Holdings Ltd is a conglomerate of businesses operating in Greater China and Southeast Asia. The affiliates offer products and services in motor vehicles and related operations, property investment and development, food retailing, home furnishing, engineering and construction, transport services, insurance broking, restaurants, luxury hotels, financial services, heavy equipment, mining, and agribusiness. In terms of net income, key businesses within the group are Hong Kong Land and Dairy Farm, which are property investment firms and food retailers, respectively.
69GF Score

Get the complete analysis for LSE:JAR

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

$62.50
Price
$37.37
GF Value