Gross Margin % is calculated as gross profit divided by its revenue. Aperam's Gross Profit for the
three
months ended in Mar. 2026 was MXN32,834 Mil. Aperam's Revenue for the
three
months ended in Mar. 2026 was MXN32,834 Mil. Therefore, Aperam's Gross Margin % for the quarter that ended in Mar. 2026 was 0.00%.
If there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.
Warning Sign:
Aperam SA gross margin has been in long-term decline. The average rate of decline per year is -19.4%.
The historical rank and industry rank for Aperam's Gross Margin % or its related term are showing as below:
During the past 13 years, the highestGross Margin % of Aperam was 24.17%. The lowest was 5.61%. And the median was 11.06%.
MEX:APAMN's Gross Margin % is not ranked *
in the Steel industry.
Industry Median: 12.6 * Ranked among companies with meaningful Gross Margin % only.
Aperam had a gross margin of N/A% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Aperam was -19.40% per year.
Aperam (MEX:APAMN) 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
Aperam had a gross margin of N/A% for the quarter that ended in Mar. 2026 => No sustainable 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.
Aperam Gross Margin % Related Terms
Aperam Gross Margin % Historical Data
* Premium members only.
The historical data trend for Aperam'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.
MEX:APAMN vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, Aperam'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.
Aperam Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Aperam's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Aperam'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.
Aperam (MEX:APAMN) has a Gross Margin % of 0.00% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Aperam and its competitors. Over the past decade, Aperam's Gross Margin % has ranged from 5.61 to 24.17. According to the industry distribution chart, Aperam ranks #999999 out of 597 companies in the Steel industry.
Is Aperam's Gross Margin % too high?
Aperam's current Gross Margin % is 0.00%. Over the past 10 years, this metric has ranged from a low of 5.61 to a high of 24.17. Based on the distribution chart, Aperam ranks #999999 out of 597 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Aperam has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Aperam's Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Aperam ranks #999999 out of 597 companies for Gross Margin %. This places Aperam in the lower half of its industry. The industry median Gross Margin % is 12.60. Historically, Aperam's own Gross Margin % has ranged from 5.61 to 24.17 over the past decade. 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 Steel company?
The median Gross Margin % among Steel companies is 12.60, based on 597 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. 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 Aperam and its competitors. For the Steel industry, the median Gross Margin % is 12.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aperam's current Gross Margin % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aperam stock overvalued right now?
Aperam (MEX:APAMN) has a current Gross Margin % of 0.00%. The stock's GF Value™ is MXN289.00, compared to a current price of MXN511.96 — trading 77.1% above its estimated fair value. The current Gross Margin % is 0.00%. Aperam's overall GF Score™ is 84/100 with 11 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 Aperam (MEX:APAMN), the current Gross Margin % is 0.00% 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 Aperam (MEX:APAMN) Overvalued in 2026?
Based on GuruFocus' analysis, Aperam stock appears to be overvalued.
The current stock price of MXN511.96 is trading 77.1% above its estimated GF Value™ of MXN289.00.
Key valuation signals for MEX:APAMN:
Gross Margin %: 0.00%
GF Value™: MXN289.00 vs. price of MXN511.96 (77.1% above fair value)
No single metric tells the full story. See the MEX:APAMN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aperam SA is a Luxembourg-based stainless and specialty steel producer. The company operates through four segments. Its Stainless and Electrical Steel segment, which generates the majority of revenue, produces a wide range of stainless and electrical steel products for diverse industries. The Services and Solutions segment markets the company's products and provides customized steel transformation services; the Alloys and Specialties segment produces nickel alloys and certain specific stainless steels; and the Recycling & Renewables segment collects, trades, processes, and recycles stainless steel scrap and high-performance alloys. Geographically, the company generates maximum revenue from Europe, and the rest from the Americas, Asia, and Africa.
84GF Score
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