GM Leather SpAMIL:GML 63 Gross Margin % is -3.42% as of Dec. 2025. GuruFocus rates MIL:GML with a GF Score™ of 63/100 and a GF Value™ of €1.20 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,027 Manufacturing - Apparel & Accessories companies, GM Leather SpA ranks better than 53.36% on this metric.
The historical rank and industry rank for GM Leather SpA's Gross Margin % or its related term are showing as below:
MIL:GML'
s Gross Margin % Range Over the Past 10 Years
Min: 17.26 Med: 30.16 Max: 49.59
Current: 30.13
During the past 6 years, the highestGross Margin % of GM Leather SpA was 49.59%. The lowest was 17.26%. And the median was 30.16%.
MIL:GML's Gross Margin % is ranked better than 53.36% of 1027
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.34
vs MIL:GML: 30.13
GM Leather SpA had a gross margin of -3.42% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for GM Leather SpA was 0.40% per year.
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
GM Leather SpA had a gross margin of -3.42% for the quarter that ended in Dec. 2025 => No sustainable 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.
GM Leather SpA Gross Margin % Related Terms
GM Leather SpA Gross Margin % Historical Data
* Premium members only.
The historical data trend for GM Leather 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.
For the Textile Manufacturing subindustry, GM Leather 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.
GM Leather SpA Gross Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, GM Leather SpA's Gross Margin % distribution charts can be found below:
* The bar in red indicates where GM Leather 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.
GM Leather SpA (MIL:GML) has a Gross Margin % of -3.42% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on GM Leather SpA and its competitors. Over the past decade, GM Leather SpA's Gross Margin % has ranged from 17.26 to 49.59. According to the industry distribution chart, GM Leather SpA ranks #479 out of 1027 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 46.6%.
Is GM Leather SpA's Gross Margin % too high?
GM Leather SpA's current Gross Margin % is -3.42%. Over the past 10 years, this metric has ranged from a low of 17.26 to a high of 49.59. Based on the distribution chart, GM Leather SpA ranks #479 out of 1027 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, GM Leather SpA has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does GM Leather SpA's Gross Margin % compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, GM Leather SpA ranks #479 out of 1027 companies for Gross Margin %. This puts GM Leather SpA in the upper half of its industry. The industry median Gross Margin % is 28.34. Historically, GM Leather SpA's own Gross Margin % has ranged from 17.26 to 49.59 over the past decade. 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 Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.34, based on 1,027 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. 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 GM Leather SpA and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GM Leather SpA's current Gross Margin % is -3.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GM Leather SpA stock overvalued right now?
Based on GuruFocus' analysis, GM Leather SpA (MIL:GML) is currently considered Possible Value Trap. The stock's GF Value™ is €1.20, compared to a current price of €0.69 — trading 42.9% below its estimated fair value. The current Gross Margin % is -3.42%. GM Leather SpA's overall GF Score™ is 63/100 with 9 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 GM Leather SpA (MIL:GML), the current Gross Margin % is -3.42% 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 GM Leather SpA (MIL:GML) Overvalued in 2026?
Based on GuruFocus' analysis, GM Leather SpA stock appears to be undervalued.
The current stock price of €0.69 is trading 42.9% below its estimated GF Value™ of €1.20.
GuruFocus considers GM Leather SpA to be Possible Value Trap.
Key valuation signals for MIL:GML:
Gross Margin %: -3.42%
GF Value™: €1.20 vs. price of €0.69 (42.9% below fair value)
No single metric tells the full story. See the MIL:GML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GM Leather SpA engages in the treatment, processing, and marketing of bovine leather. Its products are predominantly intended for the furniture, leather goods, and footwear industries. Geographically, the company derives its maximum revenue from non-EU countries followed by Italy and EU countries.
63GF Score
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