AA Tech SpAMIL:AAT +0.99%21 Gross Margin % is 100.47% as of Dec. 2025, which is 12% below its 10-year median of 114.00. GuruFocus rates MIL:AAT with a GF Score™ of 21/100 and a GF Value™ of €4.02 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,685 Software companies, AA Tech SpA ranks better than 99.29% on this metric.
The historical rank and industry rank for AA Tech SpA's Gross Margin % or its related term are showing as below:
MIL:AAT'
s Gross Margin % Range Over the Past 10 Years
Min: 83.63 Med: 114 Max: 140.13
Current: 102.56
During the past 5 years, the highestGross Margin % of AA Tech SpA was 140.13%. The lowest was 83.63%. And the median was 114.00%.
MIL:AAT's Gross Margin % is ranked better than 99.29% of 2685
companies
in the Software industry
Industry Median: 40.45
vs MIL:AAT: 102.56
AA Tech SpA had a gross margin of 100.47% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for AA Tech SpA was 0.00% per year.
AA Tech SpA (MIL:AAT) 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
AA Tech SpA had a gross margin of 100.47% for the quarter that ended in Dec. 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.
AA Tech SpA Gross Margin % Related Terms
AA Tech SpA Gross Margin % Historical Data
* Premium members only.
The historical data trend for AA Tech SpA'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.
MIL:AAT vs MSFT, ORCL, PLTR: Gross Margin % Comparison
For the Software - Infrastructure subindustry, AA Tech SpA'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.
AA Tech SpA Gross Margin % vs Software Industry
For the Software industry and Technology sector, AA Tech SpA's Gross Margin % distribution charts can be found below:
* The bar in red indicates where AA Tech SpA'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.
AA Tech SpA (MIL:AAT) has a Gross Margin % of 100.47% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on AA Tech SpA and its competitors. This is 12% below median its historical median of 114.00. Over the past decade, AA Tech SpA's Gross Margin % has ranged from 83.63 to 140.13. According to the industry distribution chart, AA Tech SpA ranks #19 out of 2685 companies in the Software industry, placing it in the top 0.7%.
Is AA Tech SpA's Gross Margin % too high?
AA Tech SpA's current Gross Margin % of 100.47% is 12% below median its 10-year median of 114.00. Over the past 10 years, this metric has ranged from a low of 83.63 to a high of 140.13. The Software industry median Gross Margin % is 40.45. AA Tech SpA's value of 100.47% is 148.4% above this industry median. Based on the distribution chart, AA Tech SpA ranks #19 out of 2685 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, AA Tech SpA has a GF Score™ of 21/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AA Tech SpA's Gross Margin % compare to MSFT and ORCL?
According to the Software industry distribution chart, AA Tech SpA ranks #19 out of 2685 companies for Gross Margin %. This places AA Tech SpA in the top 1% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 40.45. AA Tech SpA's value of 100.47% is 148.4% above this benchmark. Historically, AA Tech SpA's own Gross Margin % has ranged from 83.63 to 140.13 over the past decade. While the company's 10-year median is 114.00 vs. the industry median of 40.45, AA Tech SpA 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 Software company?
The median Gross Margin % among Software companies is 40.45, based on 2,685 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. AA Tech SpA's current Gross Margin % of 100.47% is 148.4% 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 AA Tech SpA and its competitors. For the Software industry, the median Gross Margin % is 40.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AA Tech SpA's current Gross Margin % is 100.47%, which is 12% below median its own 10-year median of 114.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AA Tech SpA stock overvalued right now?
Based on GuruFocus' analysis, AA Tech SpA (MIL:AAT) is currently considered Possible Value Trap. The stock's GF Value™ is €4.02, compared to a current price of €1.02 — trading 74.6% below its estimated fair value. The current Gross Margin % is 100.47%, which is 12% below median its 10-year median of 114.00 and 148.4% above the Software industry median of 40.45. AA Tech SpA's overall GF Score™ is 21/100 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 AA Tech SpA (MIL:AAT), the current Gross Margin % is 100.47% as of Dec. 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 AA Tech SpA (MIL:AAT) Overvalued in 2026?
Based on GuruFocus' analysis, AA Tech SpA stock appears to be undervalued.
The current stock price of €1.02 is trading 74.6% below its estimated GF Value™ of €4.02.
GuruFocus considers AA Tech SpA to be Possible Value Trap.
Key valuation signals for MIL:AAT:
Gross Margin %: 100.47% (12% below median its 10-year median of 114.00)
GF Value™: €4.02 vs. price of €1.02 (74.6% below fair value)
Industry Position: 148.4% above the Software median (#19 of 2685)
No single metric tells the full story. See the MIL:AAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AA Tech SpA is a venture tech builder in the digital sector, with the constant aiming of identifying new technologies in the aforementioned sectors in Italy. In particular, the Company, through a process of continuous innovation, intends to seek solutions that create new opportunities for generating value, with the intention, after their creation and validation, of making these companies autonomous. One of its subsidiaries, Previon a Fintech company that provides open banking services for compulsory and complementary pension funds.
21GF Score
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