Simon Property GroupMEX:SPG 70 Gross Margin % is 80.26% as of Mar. 2026, which is 2% below its 10-year median of 82.02. GuruFocus rates MEX:SPG with a GF Score™ of 70/100 and a GF Value™ of MXN2,807.15 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 680 REITs companies, Simon Property Group ranks better than 72.5% on this metric.
The historical rank and industry rank for Simon Property Group's Gross Margin % or its related term are showing as below:
MEX:SPG'
s Gross Margin % Range Over the Past 10 Years
Min: 80.75 Med: 82.02 Max: 82.5
Current: 81.98
During the past 13 years, the highestGross Margin % of Simon Property Group was 82.50%. The lowest was 80.75%. And the median was 82.02%.
MEX:SPG's Gross Margin % is ranked better than 72.5% of 680
companies
in the REITs industry
Industry Median: 69.705
vs MEX:SPG: 81.98
Simon Property Group had a gross margin of 80.26% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Simon Property Group was 0.40% per year.
Simon Property Group (MEX:SPG) 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
Simon Property Group had a gross margin of 80.26% 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.
Simon Property Group Gross Margin % Related Terms
Simon Property Group Gross Margin % Historical Data
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The historical data trend for Simon Property 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.
For the REIT - Retail subindustry, Simon Property 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.
Simon Property Group Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Simon Property Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Simon Property 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.
Simon Property Group (MEX:SPG) has a Gross Margin % of 80.26% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Simon Property Group and its competitors. This is near median its historical median of 82.02. Over the past decade, Simon Property Group's Gross Margin % has ranged from 80.75 to 82.50. According to the industry distribution chart, Simon Property Group ranks #187 out of 680 companies in the REITs industry, placing it in the top 27.5%.
Is Simon Property Group's Gross Margin % too high?
Simon Property Group's current Gross Margin % of 80.26% is near median its 10-year median of 82.02. Over the past 10 years, this metric has ranged from a low of 80.75 to a high of 82.50. The REITs industry median Gross Margin % is 69.71. Simon Property Group's value of 80.26% is 15.1% above this industry median. Based on the distribution chart, Simon Property Group ranks #187 out of 680 companies in the REITs industry, which is above the industry midpoint. Overall, Simon Property Group has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Simon Property Group's Gross Margin % compare to O and KIM?
According to the REITs industry distribution chart, Simon Property Group ranks #187 out of 680 companies for Gross Margin %. This puts Simon Property Group in the upper half of its industry. The industry median Gross Margin % is 69.71. Simon Property Group's value of 80.26% is 15.1% above this benchmark. Historically, Simon Property Group's own Gross Margin % has ranged from 80.75 to 82.50 over the past decade. While the company's 10-year median is 82.02 vs. the industry median of 69.71, Simon Property Group 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 REITs company?
The median Gross Margin % among REITs companies is 69.71, 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. Simon Property Group's current Gross Margin % of 80.26% is 15.1% 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 Simon Property Group and its competitors. For the REITs industry, the median Gross Margin % is 69.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Simon Property Group's current Gross Margin % is 80.26%, which is near median its own 10-year median of 82.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Simon Property Group stock overvalued right now?
Based on GuruFocus' analysis, Simon Property Group (MEX:SPG) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN2,807.15, compared to a current price of MXN3,529.00 — trading 25.7% above its estimated fair value. The current Gross Margin % is 80.26%, which is near median its 10-year median of 82.02 and 15.1% above the REITs industry median of 69.71. Simon Property Group's overall GF Score™ is 70/100 with 8 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 Simon Property Group (MEX:SPG), the current Gross Margin % is 80.26% 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 Simon Property Group (MEX:SPG) Overvalued in 2026?
Based on GuruFocus' analysis, Simon Property Group stock appears to be overvalued.
The current stock price of MXN3,529.00 is trading 25.7% above its estimated GF Value™ of MXN2,807.15.
GuruFocus considers Simon Property Group to be Modestly Overvalued.
Key valuation signals for MEX:SPG:
Gross Margin %: 80.26% (near median its 10-year median of 82.02)
GF Value™: MXN2,807.15 vs. price of MXN3,529.00 (25.7% above fair value)
Industry Position: 15.1% above the REITs median (#187 of 680)
No single metric tells the full story. See the MEX:SPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Simon Property Group is the largest retail real estate investment trust in the United States. Its portfolio includes an interest in 254 properties: 114 traditional malls, 108 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), six lifestyle centers, and 12 other retail properties. Simon's portfolio averaged $736 in sales per square foot over the trailing 12 months. The company also owns a 22% interest in Klépierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 14 countries.
70GF Score
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