LegrandMEX:LR 84 Gross Margin % is 50.52% as of Mar. 2026, which is 3% below its 10-year median of 52.03. GuruFocus rates MEX:LR with a GF Score™ of 84/100 and a GF Value™ of MXN1,913.38 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 3,003 Industrial Products companies, Legrand ranks better than 89.78% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Legrand's Gross Profit for the
three
months ended in Mar. 2026 was MXN26,726 Mil. Legrand's Revenue for the
three
months ended in Mar. 2026 was MXN52,901 Mil. Therefore, Legrand's Gross Margin % for the quarter that ended in Mar. 2026 was 50.52%.
The historical rank and industry rank for Legrand's Gross Margin % or its related term are showing as below:
MEX:LR'
s Gross Margin % Range Over the Past 10 Years
Min: 49.72 Med: 52.03 Max: 52.56
Current: 50.37
During the past 13 years, the highestGross Margin % of Legrand was 52.56%. The lowest was 49.72%. And the median was 52.03%.
MEX:LR's Gross Margin % is ranked better than 89.78% of 3003
companies
in the Industrial Products industry
Industry Median: 26.79
vs MEX:LR: 50.37
Legrand had a gross margin of 50.52% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Legrand was -0.10% per year.
Legrand (MEX:LR) 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
Legrand had a gross margin of 50.52% 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.
Legrand Gross Margin % Related Terms
Legrand Gross Margin % Historical Data
* Premium members only.
The historical data trend for Legrand'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.
For the Electrical Equipment & Parts subindustry, Legrand'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.
Legrand Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Legrand's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Legrand'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.
Legrand (MEX:LR) has a Gross Margin % of 50.52% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Legrand and its competitors. This is near median its historical median of 52.03. Over the past decade, Legrand's Gross Margin % has ranged from 49.72 to 52.56. According to the industry distribution chart, Legrand ranks #307 out of 3003 companies in the Industrial Products industry, placing it in the top 10.2%.
Is Legrand's Gross Margin % too high?
Legrand's current Gross Margin % of 50.52% is near median its 10-year median of 52.03. Over the past 10 years, this metric has ranged from a low of 49.72 to a high of 52.56. The Industrial Products industry median Gross Margin % is 26.79. Legrand's value of 50.52% is 88.6% above this industry median. Based on the distribution chart, Legrand ranks #307 out of 3003 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Legrand has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Legrand's Gross Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Legrand ranks #307 out of 3003 companies for Gross Margin %. This places Legrand in the top 10% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.79. Legrand's value of 50.52% is 88.6% above this benchmark. Historically, Legrand's own Gross Margin % has ranged from 49.72 to 52.56 over the past decade. While the company's 10-year median is 52.03 vs. the industry median of 26.79, Legrand 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 an Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.79, based on 3,003 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. Legrand's current Gross Margin % of 50.52% is 88.6% 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 Legrand and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Legrand's current Gross Margin % is 50.52%, which is near median its own 10-year median of 52.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legrand stock overvalued right now?
Based on GuruFocus' analysis, Legrand (MEX:LR) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN1,913.38, compared to a current price of MXN3,065.30 — trading 60.2% above its estimated fair value. The current Gross Margin % is 50.52%, which is near median its 10-year median of 52.03 and 88.6% above the Industrial Products industry median of 26.79. Legrand's overall GF Score™ is 84/100 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 Legrand (MEX:LR), the current Gross Margin % is 50.52% 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 Legrand (MEX:LR) Overvalued in 2026?
Based on GuruFocus' analysis, Legrand stock appears to be overvalued.
The current stock price of MXN3,065.30 is trading 60.2% above its estimated GF Value™ of MXN1,913.38.
GuruFocus considers Legrand to be Significantly Overvalued.
Key valuation signals for MEX:LR:
Gross Margin %: 50.52% (near median its 10-year median of 52.03)
GF Value™: MXN1,913.38 vs. price of MXN3,065.30 (60.2% above fair value)
Industry Position: 88.6% above the Industrial Products median (#307 of 3003)
No single metric tells the full story. See the MEX:LR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Legrand is a global manufacturer of low-voltage electrical components, which are mostly used in residential (40%) and commercial (40%) buildings, as well as data centers. Its products include wiring devices, cable management, lighting, and audio visual equipment, sold under approximately 80 brands across 180 countries. Its products are sold primarily through specialist distributors that subsequently sell to installers/electricians. Legrand is a major supplier to global electrical equipment distributors. North America and Europe each account for 40% of group sales.
84GF Score
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