Incap OyjLTS:0ERY -1.95%92 Gross Margin % is 36.86% as of Mar. 2026, which is 25% above its 10-year median of 29.53. GuruFocus rates LTS:0ERY with a GF Score™ of 92/100 and a GF Value™ of €10.69 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,450 Hardware companies, Incap Oyj ranks better than 69.71% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Incap Oyj's Gross Profit for the
three
months ended in Mar. 2026 was €20.7 Mil. Incap Oyj's Revenue for the
three
months ended in Mar. 2026 was €56.0 Mil. Therefore, Incap Oyj's Gross Margin % for the quarter that ended in Mar. 2026 was 36.86%.
The historical rank and industry rank for Incap Oyj's Gross Margin % or its related term are showing as below:
LTS:0ERY'
s Gross Margin % Range Over the Past 10 Years
Min: 24.95 Med: 29.53 Max: 35.02
Current: 35.02
During the past 13 years, the highestGross Margin % of Incap Oyj was 35.02%. The lowest was 24.95%. And the median was 29.53%.
LTS:0ERY's Gross Margin % is ranked better than 69.71% of 2450
companies
in the Hardware industry
Industry Median: 24.53
vs LTS:0ERY: 35.02
Incap Oyj had a gross margin of 36.86% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Incap Oyj was 2.20% per year.
Incap Oyj (LTS:0ERY) 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
Incap Oyj had a gross margin of 36.86% for the quarter that ended in Mar. 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.
Incap Oyj Gross Margin % Related Terms
Incap Oyj Gross Margin % Historical Data
* Premium members only.
The historical data trend for Incap Oyj'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.
LTS:0ERY vs APH, GLW, TEL: Gross Margin % Comparison
For the Electronic Components subindustry, Incap Oyj'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.
Incap Oyj Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Incap Oyj's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Incap Oyj'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.
Incap Oyj (LTS:0ERY) has a Gross Margin % of 36.86% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Incap Oyj and its competitors. This is 25% above median its historical median of 29.53. Over the past decade, Incap Oyj's Gross Margin % has ranged from 24.95 to 35.02. According to the industry distribution chart, Incap Oyj ranks #742 out of 2450 companies in the Hardware industry, placing it in the top 30.3%.
Is Incap Oyj's Gross Margin % too high?
Incap Oyj's current Gross Margin % of 36.86% is 25% above median its 10-year median of 29.53. Over the past 10 years, this metric has ranged from a low of 24.95 to a high of 35.02. The Hardware industry median Gross Margin % is 24.53. Incap Oyj's value of 36.86% is 50.3% above this industry median. Based on the distribution chart, Incap Oyj ranks #742 out of 2450 companies in the Hardware industry, which is above the industry midpoint. Overall, Incap Oyj has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Incap Oyj's Gross Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, Incap Oyj ranks #742 out of 2450 companies for Gross Margin %. This puts Incap Oyj in the upper half of its industry. The industry median Gross Margin % is 24.53. Incap Oyj's value of 36.86% is 50.3% above this benchmark. Historically, Incap Oyj's own Gross Margin % has ranged from 24.95 to 35.02 over the past decade. While the company's 10-year median is 29.53 vs. the industry median of 24.53, Incap Oyj 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 Hardware company?
The median Gross Margin % among Hardware companies is 24.53, based on 2,450 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. Incap Oyj's current Gross Margin % of 36.86% is 50.3% 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 Incap Oyj and its competitors. For the Hardware industry, the median Gross Margin % is 24.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Incap Oyj's current Gross Margin % is 36.86%, which is 25% above median its own 10-year median of 29.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Incap Oyj stock overvalued right now?
Based on GuruFocus' analysis, Incap Oyj (LTS:0ERY) is currently considered Modestly Undervalued. The stock's GF Value™ is €10.69, compared to a current price of €8.57 — trading 19.8% below its estimated fair value. The current Gross Margin % is 36.86%, which is 25% above median its 10-year median of 29.53 and 50.3% above the Hardware industry median of 24.53. Incap Oyj's overall GF Score™ is 92/100 with 2 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 Incap Oyj (LTS:0ERY), the current Gross Margin % is 36.86% 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 Incap Oyj (LTS:0ERY) Overvalued in 2026?
Based on GuruFocus' analysis, Incap Oyj stock appears to be undervalued.
The current stock price of €8.57 is trading 19.8% below its estimated GF Value™ of €10.69.
GuruFocus considers Incap Oyj to be Modestly Undervalued.
Key valuation signals for LTS:0ERY:
Gross Margin %: 36.86% (25% above median its 10-year median of 29.53)
GF Value™: €10.69 vs. price of €8.57 (19.8% below fair value)
Industry Position: 50.3% above the Hardware median (#742 of 2450)
No single metric tells the full story. See the LTS:0ERY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Incap Oyj operates as a full-service provider in Electronics Manufacturing Services (EMS), supporting customers ranging from large multinational corporations, mid-sized companies, and small start-ups across the complete manufacturing value chain. Its services include material procurement, prototyping and engineering, production ramp-up, serial production, design, project management, final assembly, testing, and logistics, along with key offerings such as prototyping and engineering, PCB assembly manufacturing, box-build assembly, and customised solutions. The Company operates across Europe, North America, Asia, Africa, and Australia, with Europe generating the majority of its revenue.
92GF Score
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