Workspace GroupLSE:WKP -0.40%65 Gross Margin % is 59.91% as of Mar. 2026, which is 12% below its 10-year median of 67.71. GuruFocus rates LSE:WKP with a GF Score™ of 65/100 and a GF Value™ of £4.51 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 680 REITs companies, Workspace Group ranks worse than 65.44% on this metric.
The historical rank and industry rank for Workspace Group's Gross Margin % or its related term are showing as below:
LSE:WKP'
s Gross Margin % Range Over the Past 10 Years
Min: 57.27 Med: 67.71 Max: 75.59
Current: 62.51
During the past 13 years, the highestGross Margin % of Workspace Group was 75.59%. The lowest was 57.27%. And the median was 67.71%.
LSE:WKP's Gross Margin % is ranked worse than 65.44% of 680
companies
in the REITs industry
Industry Median: 69.61
vs LSE:WKP: 62.51
Workspace Group had a gross margin of 59.91% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Workspace Group was 1.40% per year.
Workspace Group (LSE:WKP) 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
Workspace Group had a gross margin of 59.91% 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.
Workspace Group Gross Margin % Related Terms
Workspace Group Gross Margin % Historical Data
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The historical data trend for Workspace Group'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:WKP vs BXP, ARE, VNO: Gross Margin % Comparison
For the REIT - Office subindustry, Workspace Group'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.
Workspace Group Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Workspace Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Workspace Group'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.
Workspace Group (LSE:WKP) has a Gross Margin % of 59.91% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Workspace Group and its competitors. This is 12% below median its historical median of 67.71. Over the past decade, Workspace Group's Gross Margin % has ranged from 57.27 to 75.59. According to the industry distribution chart, Workspace Group ranks #445 out of 680 companies in the REITs industry, placing it in the top 65.4%.
Is Workspace Group's Gross Margin % too high?
Workspace Group's current Gross Margin % of 59.91% is 12% below median its 10-year median of 67.71. Over the past 10 years, this metric has ranged from a low of 57.27 to a high of 75.59. The REITs industry median Gross Margin % is 69.61. Workspace Group's value of 59.91% is 13.9% below this industry median. Based on the distribution chart, Workspace Group ranks #445 out of 680 companies in the REITs industry, which is below the industry midpoint. Overall, Workspace Group has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Workspace Group's Gross Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, Workspace Group ranks #445 out of 680 companies for Gross Margin %. This places Workspace Group in the lower half of its industry. The industry median Gross Margin % is 69.61. Workspace Group's value of 59.91% is 13.9% below this benchmark. Historically, Workspace Group's own Gross Margin % has ranged from 57.27 to 75.59 over the past decade. While the company's 10-year median is 67.71 vs. the industry median of 69.61, Workspace Group 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 REITs company?
The median Gross Margin % among REITs companies is 69.61, based on 680 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. Workspace Group's current Gross Margin % of 59.91% is 13.9% 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 Workspace Group and its competitors. For the REITs industry, the median Gross Margin % is 69.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Workspace Group's current Gross Margin % is 59.91%, which is 12% below median its own 10-year median of 67.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Workspace Group stock overvalued right now?
Based on GuruFocus' analysis, Workspace Group (LSE:WKP) is currently considered Modestly Undervalued. The stock's GF Value™ is £4.51, compared to a current price of £3.45 — trading 23.5% below its estimated fair value. The current Gross Margin % is 59.91%, which is 12% below median its 10-year median of 67.71 and 13.9% below the REITs industry median of 69.61. Workspace Group's overall GF Score™ is 65/100 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 Workspace Group (LSE:WKP), the current Gross Margin % is 59.91% 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 Workspace Group (LSE:WKP) Overvalued in 2026?
Based on GuruFocus' analysis, Workspace Group stock appears to be undervalued.
The current stock price of £3.45 is trading 23.5% below its estimated GF Value™ of £4.51.
GuruFocus considers Workspace Group to be Modestly Undervalued.
Key valuation signals for LSE:WKP:
Gross Margin %: 59.91% (12% below median its 10-year median of 67.71)
GF Value™: £4.51 vs. price of £3.45 (23.5% below fair value)
Industry Position: 13.9% below the REITs median (#445 of 680)
No single metric tells the full story. See the LSE:WKP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Workspace Group PLC is a real estate investment trust engaged in the acquisition, design, development, and ownership of office buildings throughout London. The company mainly focuses on leasing office properties to new and growing companies. The real estate assets in Workspace's portfolio are clustered around the London area of Farringdon and elsewhere in northern and central London. The company derives the vast majority of its income in the form of rental revenue from tenants organized into short-term leases. Workspace's tenants include marketing, business consultancy, fashion, finance, software, and architectural firms.
65GF Score
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