Vodafone GroupMEX:VOD1N 39 Gross Margin % is 30.47% as of Mar. 2026, which is 4% below its 10-year median of 31.63. GuruFocus rates MEX:VOD1N with a GF Score™ of 39/100 and a GF Value™ of MXN23.87 (Fairly Valued). The stock has 3 warning signs investors should review. Among 344 Telecommunication Services companies, Vodafone Group ranks worse than 71.8% on this metric.
The historical rank and industry rank for Vodafone Group's Gross Margin % or its related term are showing as below:
MEX:VOD1N'
s Gross Margin % Range Over the Past 10 Years
Min: 27.41 Med: 31.63 Max: 35.34
Current: 31.47
During the past 13 years, the highestGross Margin % of Vodafone Group was 35.34%. The lowest was 27.41%. And the median was 31.63%.
MEX:VOD1N's Gross Margin % is ranked worse than 71.8% of 344
companies
in the Telecommunication Services industry
Industry Median: 51.415
vs MEX:VOD1N: 31.47
Vodafone Group had a gross margin of 30.47% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Vodafone Group was -0.60% per year.
Vodafone Group (MEX:VOD1N) 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
Vodafone Group had a gross margin of 30.47% 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.
Vodafone Group Gross Margin % Related Terms
Vodafone Group Gross Margin % Historical Data
* Premium members only.
The historical data trend for Vodafone 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.
MEX:VOD1N vs TMUS, VZ, T: Gross Margin % Comparison
For the Telecom Services subindustry, Vodafone 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.
Vodafone Group Gross Margin % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Vodafone Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Vodafone 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.
Vodafone Group (MEX:VOD1N) has a Gross Margin % of 30.47% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Vodafone Group and its competitors. This is near median its historical median of 31.63. Over the past decade, Vodafone Group's Gross Margin % has ranged from 27.41 to 35.34. According to the industry distribution chart, Vodafone Group ranks #247 out of 344 companies in the Telecommunication Services industry, placing it in the top 71.8%.
Is Vodafone Group's Gross Margin % too high?
Vodafone Group's current Gross Margin % of 30.47% is near median its 10-year median of 31.63. Over the past 10 years, this metric has ranged from a low of 27.41 to a high of 35.34. The Telecommunication Services industry median Gross Margin % is 51.42. Vodafone Group's value of 30.47% is 40.7% below this industry median. Based on the distribution chart, Vodafone Group ranks #247 out of 344 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Vodafone Group has a GF Score™ of 39/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vodafone Group's Gross Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Vodafone Group ranks #247 out of 344 companies for Gross Margin %. This places Vodafone Group in the lower half of its industry. The industry median Gross Margin % is 51.42. Vodafone Group's value of 30.47% is 40.7% below this benchmark. Historically, Vodafone Group's own Gross Margin % has ranged from 27.41 to 35.34 over the past decade. While the company's 10-year median is 31.63 vs. the industry median of 51.42, Vodafone Group has consistently been below 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 Telecommunication Services company?
The median Gross Margin % among Telecommunication Services companies is 51.42, based on 344 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. Vodafone Group's current Gross Margin % of 30.47% is 40.7% below 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 Vodafone Group and its competitors. For the Telecommunication Services industry, the median Gross Margin % is 51.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vodafone Group's current Gross Margin % is 30.47%, which is near median its own 10-year median of 31.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vodafone Group stock overvalued right now?
Based on GuruFocus' analysis, Vodafone Group (MEX:VOD1N) is currently considered Fairly Valued. The stock's GF Value™ is MXN23.87, compared to a current price of MXN26.10 — trading 9.3% above its estimated fair value. The current Gross Margin % is 30.47%, which is near median its 10-year median of 31.63 and 40.7% below the Telecommunication Services industry median of 51.42. Vodafone Group's overall GF Score™ is 39/100 with 3 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 Vodafone Group (MEX:VOD1N), the current Gross Margin % is 30.47% 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 Vodafone Group (MEX:VOD1N) Overvalued in 2026?
Based on GuruFocus' analysis, Vodafone Group stock appears to be overvalued.
The current stock price of MXN26.10 is trading 9.3% above its estimated GF Value™ of MXN23.87.
GuruFocus considers Vodafone Group to be Fairly Valued.
Key valuation signals for MEX:VOD1N:
Gross Margin %: 30.47% (near median its 10-year median of 31.63)
GF Value™: MXN23.87 vs. price of MXN26.10 (9.3% above fair value)
Industry Position: 40.7% below the Telecommunication Services median (#247 of 344)
No single metric tells the full story. See the MEX:VOD1N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vodafone operates mobile and fixed-line networks and businesses across Europe, Africa, and the Middle East. Its largest market is Germany, where it is the second mobile operator after Deutsche Telekom and owns two cable networks after acquiring Kabel Deutschland in 2013 and Liberty Global Germany in 2019. In the UK, Vodafone merged with CK Hutchison in 2024, consolidating the mobile market. It also divested its Spanish and Italian divisions in that same year, given their low returns on invested capital.
39GF Score
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