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Carel Industries SpAMIL:CRL -1.07%97 Gross Margin % is 63.11% as of Mar. 2026, which is 8% above its 10-year median of 58.33. GuruFocus rates MIL:CRL with a GF Score™ of 97/100 and a GF Value™ of €24.02 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,455 Hardware companies, Carel Industries SpA ranks better than 94.5% on this metric.
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
Carel Industries SpA had a gross margin of 63.11% 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.
Carel Industries SpA Gross Margin % Related Terms
Carel Industries SpA Gross Margin % Historical Data
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The historical data trend for Carel Industries 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:CRL vs APH, GLW, TEL: Gross Margin % Comparison
For the Electronic Components subindustry, Carel Industries 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.
Carel Industries SpA Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Carel Industries SpA's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Carel Industries 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.
Carel Industries SpA (MIL:CRL) has a Gross Margin % of 63.11% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Carel Industries SpA and its competitors. This is near median its historical median of 58.33. Over the past decade, Carel Industries SpA's Gross Margin % has ranged from 54.26 to 62.17. According to the industry distribution chart, Carel Industries SpA ranks #135 out of 2455 companies in the Hardware industry, placing it in the top 5.5%.
Is Carel Industries SpA's Gross Margin % too high?
Carel Industries SpA's current Gross Margin % of 63.11% is near median its 10-year median of 58.33. Over the past 10 years, this metric has ranged from a low of 54.26 to a high of 62.17. The Hardware industry median Gross Margin % is 24.50. Carel Industries SpA's value of 63.11% is 157.6% above this industry median. Based on the distribution chart, Carel Industries SpA ranks #135 out of 2455 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Carel Industries SpA has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carel Industries SpA's Gross Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, Carel Industries SpA ranks #135 out of 2455 companies for Gross Margin %. This places Carel Industries SpA in the top 6% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 24.50. Carel Industries SpA's value of 63.11% is 157.6% above this benchmark. Historically, Carel Industries SpA's own Gross Margin % has ranged from 54.26 to 62.17 over the past decade. While the company's 10-year median is 58.33 vs. the industry median of 24.50, Carel Industries 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 Hardware company?
The median Gross Margin % among Hardware companies is 24.50, based on 2,455 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. Carel Industries SpA's current Gross Margin % of 63.11% is 157.6% 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 Carel Industries SpA and its competitors. For the Hardware industry, the median Gross Margin % is 24.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carel Industries SpA's current Gross Margin % is 63.11%, which is near median its own 10-year median of 58.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carel Industries SpA stock overvalued right now?
Based on GuruFocus' analysis, Carel Industries SpA (MIL:CRL) is currently considered Modestly Overvalued. The stock's GF Value™ is €24.02, compared to a current price of €27.70 — trading 15.3% above its estimated fair value. The current Gross Margin % is 63.11%, which is near median its 10-year median of 58.33 and 157.6% above the Hardware industry median of 24.50. Carel Industries SpA's overall GF Score™ is 97/100 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 Carel Industries SpA (MIL:CRL), the current Gross Margin % is 63.11% 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 Carel Industries SpA (MIL:CRL) Overvalued in 2026?
Based on GuruFocus' analysis, Carel Industries SpA stock appears to be overvalued.
The current stock price of €27.70 is trading 15.3% above its estimated GF Value™ of €24.02.
GuruFocus considers Carel Industries SpA to be Modestly Overvalued.
Key valuation signals for MIL:CRL:
Gross Margin %: 63.11% (near median its 10-year median of 58.33)
GF Value™: €24.02 vs. price of €27.70 (15.3% above fair value)
Industry Position: 157.6% above the Hardware median (#135 of 2455)
No single metric tells the full story. See the MIL:CRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carel Industries SpA manufactures control systems and humidification for air conditioning and refrigeration. The group provides control solutions for the commercial, industrial, and residential air-conditioning and refrigeration (HVAC/R) markets. Its geographical segments are Europe, the Middle East and Africa, North America, South America, and APAC. The company's industrial applications for the air-conditioning sector are designed for data centers. Its products include programmable controls, room terminals, Isothermal Humidifiers, Sensors and protection devices, Sensors and protection devices, and others. The company derives maximum revenue from Europe, the Middle East, and Africa segment.
97GF Score
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