Ultimate ProductsLSE:ULTP -0.11%64 Gross Margin % is 22.76% as of Jan. 2026, which is 1% below its 10-year median of 23.10. GuruFocus rates LSE:ULTP with a GF Score™ of 64/100 and a GF Value™ of £1.18 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 415 Furnishings, Fixtures & Appliances companies, Ultimate Products ranks worse than 68.19% on this metric.
The historical rank and industry rank for Ultimate Products's Gross Margin % or its related term are showing as below:
LSE:ULTP'
s Gross Margin % Range Over the Past 10 Years
Min: 22.1 Med: 23.1 Max: 26.02
Current: 23.01
During the past 12 years, the highestGross Margin % of Ultimate Products was 26.02%. The lowest was 22.10%. And the median was 23.10%.
LSE:ULTP's Gross Margin % is ranked worse than 68.19% of 415
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 29.11
vs LSE:ULTP: 23.01
Ultimate Products had a gross margin of 22.76% for the quarter that ended in Jan. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Ultimate Products was 1.60% per year.
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
Ultimate Products had a gross margin of 22.76% for the quarter that ended in Jan. 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.
Ultimate Products Gross Margin % Related Terms
Ultimate Products Gross Margin % Historical Data
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The historical data trend for Ultimate Products'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.
LSE:ULTP vs SN, SGI, MHK: Gross Margin % Comparison
For the Furnishings, Fixtures & Appliances subindustry, Ultimate Products'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.
Ultimate Products Gross Margin % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ultimate Products's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ultimate Products'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.
Ultimate Products (LSE:ULTP) has a Gross Margin % of 22.76% as of Jan. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Ultimate Products and its competitors. This is near median its historical median of 23.10. Over the past decade, Ultimate Products' Gross Margin % has ranged from 22.10 to 26.02. According to the industry distribution chart, Ultimate Products ranks #283 out of 415 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 68.2%.
Is Ultimate Products' Gross Margin % too high?
Ultimate Products' current Gross Margin % of 22.76% is near median its 10-year median of 23.10. Over the past 10 years, this metric has ranged from a low of 22.10 to a high of 26.02. The Furnishings, Fixtures & Appliances industry median Gross Margin % is 29.11. Ultimate Products' value of 22.76% is 21.8% below this industry median. Based on the distribution chart, Ultimate Products ranks #283 out of 415 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Ultimate Products has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ultimate Products' Gross Margin % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Ultimate Products ranks #283 out of 415 companies for Gross Margin %. This places Ultimate Products in the lower half of its industry. The industry median Gross Margin % is 29.11. Ultimate Products' value of 22.76% is 21.8% below this benchmark. Historically, Ultimate Products' own Gross Margin % has ranged from 22.10 to 26.02 over the past decade. While the company's 10-year median is 23.10 vs. the industry median of 29.11, Ultimate Products 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 Furnishings, Fixtures & Appliances company?
The median Gross Margin % among Furnishings, Fixtures & Appliances companies is 29.11, based on 415 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. Ultimate Products's current Gross Margin % of 22.76% is 21.8% 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 Ultimate Products and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Gross Margin % is 29.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultimate Products's current Gross Margin % is 22.76%, which is near median its own 10-year median of 23.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultimate Products stock overvalued right now?
Based on GuruFocus' analysis, Ultimate Products (LSE:ULTP) is currently considered Significantly Undervalued. The stock's GF Value™ is £1.18, compared to a current price of £0.45 — trading 61.9% below its estimated fair value. The current Gross Margin % is 22.76%, which is near median its 10-year median of 23.10 and 21.8% below the Furnishings, Fixtures & Appliances industry median of 29.11. Ultimate Products' overall GF Score™ is 64/100 with 6 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 Ultimate Products (LSE:ULTP), the current Gross Margin % is 22.76% as of Jan. 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 Ultimate Products (LSE:ULTP) Overvalued in 2026?
Based on GuruFocus' analysis, Ultimate Products stock appears to be undervalued.
The current stock price of £0.45 is trading 61.9% below its estimated GF Value™ of £1.18.
GuruFocus considers Ultimate Products to be Significantly Undervalued.
Key valuation signals for LSE:ULTP:
Gross Margin %: 22.76% (near median its 10-year median of 23.10)
GF Value™: £1.18 vs. price of £0.45 (61.9% below fair value)
Industry Position: 21.8% below the Furnishings, Fixtures & Appliances median (#283 of 415)
No single metric tells the full story. See the LSE:ULTP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ultimate Products PLC designs, develops and distributes homeware products across its key brands, including the household names Salter and Beldray. Its other brands include Progress, Kleenez, Petra, Maxim, Russell Hobbs, and Intempo among others. The company sells products across different categories, such as small domestic appliances, housewares, laundry, audio, and heating and cooling. Its products are sold to a broad cross-section of both large national and international multi-channel retailers as well as smaller national retail chains, incorporating discount retailers, supermarkets, general retailers, and online retailers. Geographically, the company derives its key revenue from the United Kingdom and the rest from Germany, Rest of Europe and the Rest of the world.
64GF Score
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