Metalpha Technology HoldingMATH +0.71%42 Gross Margin % is 359.77% as of Sep. 2025, which is 724% above its 10-year median of 43.66. GuruFocus rates MATH with a GF Score™ of 42/100 and a GF Value™ of $2.30 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 618 Capital Markets companies, Metalpha Technology Holding ranks worse than 91.26% on this metric.
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
Metalpha Technology Holding had a gross margin of 359.77% for the quarter that ended in Sep. 2025 => 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.
Metalpha Technology Holding Gross Margin % Related Terms
Metalpha Technology Holding Gross Margin % Historical Data
* 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.
MATH vs HGBL, GSIW, PLUT: Gross Margin % Comparison
For the Capital Markets subindustry, Metalpha Technology Holding'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.
Metalpha Technology Holding Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Metalpha Technology Holding's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Metalpha Technology Holding'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.
Metalpha Technology Holding (MATH) has a Gross Margin % of 359.77% as of Sep. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Metalpha Technology Holding and its competitors. This is 724% above median its historical median of 43.66. According to the industry distribution chart, Metalpha Technology Holding ranks #564 out of 618 companies in the Capital Markets industry, placing it in the top 91.3%.
Is Metalpha Technology Holding's Gross Margin % too high?
Metalpha Technology Holding's current Gross Margin % of 359.77% is 724% above median its 10-year median of 43.66. The Capital Markets industry median Gross Margin % is 49.87. Metalpha Technology Holding's value of 359.77% is 621.4% above this industry median. Based on the distribution chart, Metalpha Technology Holding ranks #564 out of 618 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Metalpha Technology Holding has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Metalpha Technology Holding's Gross Margin % compare to HGBL and GSIW?
According to the Capital Markets industry distribution chart, Metalpha Technology Holding ranks #564 out of 618 companies for Gross Margin %. This places Metalpha Technology Holding in the lower half of its industry. The industry median Gross Margin % is 49.87. Metalpha Technology Holding's value of 359.77% is 621.4% above this benchmark. While the company's 10-year median is 43.66 vs. the industry median of 49.87, Metalpha Technology Holding 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 Capital Markets company?
The median Gross Margin % among Capital Markets companies is 49.87, based on 618 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. Metalpha Technology Holding's current Gross Margin % of 359.77% is 621.4% 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 Metalpha Technology Holding and its competitors. For the Capital Markets industry, the median Gross Margin % is 49.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metalpha Technology Holding's current Gross Margin % is 359.77%, which is 724% above median its own 10-year median of 43.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metalpha Technology Holding stock overvalued right now?
Based on GuruFocus' analysis, Metalpha Technology Holding (MATH) is currently considered Possible Value Trap. The stock's GF Value™ is $2.30, compared to a current price of $0.99 — trading 56.9% below its estimated fair value. The current Gross Margin % is 359.77%, which is 724% above median its 10-year median of 43.66 and 621.4% above the Capital Markets industry median of 49.87. Metalpha Technology Holding's overall GF Score™ is 42/100 with 5 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 Metalpha Technology Holding (MATH), the current Gross Margin % is 359.77% as of Sep. 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 Metalpha Technology Holding (MATH) Overvalued in 2026?
Based on GuruFocus' analysis, Metalpha Technology Holding stock appears to be undervalued.
The current stock price of $0.99 is trading 56.9% below its estimated GF Value™ of $2.30.
GuruFocus considers Metalpha Technology Holding to be Possible Value Trap.
Key valuation signals for MATH:
Gross Margin %: 359.77% (724% above median its 10-year median of 43.66)
GF Value™: $2.30 vs. price of $0.99 (56.9% below fair value)
Industry Position: 621.4% above the Capital Markets median (#564 of 618)
No single metric tells the full story. See the MATH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Metalpha Technology Holding Ltd is a digital asset focused wealth management company. The company predominantly generates revenue from the execution of cryptocurrency-related transactions, which includes the issuance of derivative products to over-the-counter (OTC) clients and its proprietary trading activities. It has partnered with a crypto exchange to provide crypto derivative market-making services for its clients, facilitating the trading of crypto derivative products. In addition, the company also engages in providing traditional financial derivative products, and asset management services. It operates in a single segment which is the trading of proprietary digital assets and derivative contracts, and generates majority of its revenue from Hong Kong.
42GF Score
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