Pattern SpAMIL:PTR -2.94%63 Gross Margin % is 46.14% as of Dec. 2025, which is 31% below its 10-year median of 66.57. GuruFocus rates MIL:PTR with a GF Score™ of 63/100 and a GF Value™ of €4.94 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,024 Manufacturing - Apparel & Accessories companies, Pattern SpA ranks better than 74.9% on this metric.
Pattern SpA gross margin has been in long-term decline. The average rate of decline per year is -9.9%.
The historical rank and industry rank for Pattern SpA's Gross Margin % or its related term are showing as below:
MIL:PTR'
s Gross Margin % Range Over the Past 10 Years
Min: 46.08 Med: 66.57 Max: 73.41
Current: 47.6
During the past 10 years, the highestGross Margin % of Pattern SpA was 73.41%. The lowest was 46.08%. And the median was 66.57%.
MIL:PTR's Gross Margin % is ranked better than 74.9% of 1024
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.415
vs MIL:PTR: 47.60
Pattern SpA had a gross margin of 46.14% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Pattern SpA was -9.90% per year.
Pattern SpA (MIL:PTR) 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
Pattern SpA had a gross margin of 46.14% 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.
Pattern SpA Gross Margin % Related Terms
Pattern SpA Gross Margin % Historical Data
* Premium members only.
The historical data trend for Pattern 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:PTR vs RL, LEVI, VFC: Gross Margin % Comparison
For the Apparel Manufacturing subindustry, Pattern 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.
Pattern SpA Gross Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pattern SpA's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Pattern 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.
Pattern SpA (MIL:PTR) has a Gross Margin % of 46.14% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Pattern SpA and its competitors. This is 31% below median its historical median of 66.57. Over the past decade, Pattern SpA's Gross Margin % has ranged from 46.08 to 73.41. According to the industry distribution chart, Pattern SpA ranks #257 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 25.1%.
Is Pattern SpA's Gross Margin % too high?
Pattern SpA's current Gross Margin % of 46.14% is 31% below median its 10-year median of 66.57. Over the past 10 years, this metric has ranged from a low of 46.08 to a high of 73.41. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.42. Pattern SpA's value of 46.14% is 62.4% above this industry median. Based on the distribution chart, Pattern SpA ranks #257 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Pattern 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 Pattern SpA's Gross Margin % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Pattern SpA ranks #257 out of 1024 companies for Gross Margin %. This puts Pattern SpA in the upper half of its industry. The industry median Gross Margin % is 28.42. Pattern SpA's value of 46.14% is 62.4% above this benchmark. Historically, Pattern SpA's own Gross Margin % has ranged from 46.08 to 73.41 over the past decade. While the company's 10-year median is 66.57 vs. the industry median of 28.42, Pattern 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 Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.42, based on 1,024 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. Pattern SpA's current Gross Margin % of 46.14% is 62.4% 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 Pattern SpA and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pattern SpA's current Gross Margin % is 46.14%, which is 31% below median its own 10-year median of 66.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pattern SpA stock overvalued right now?
Based on GuruFocus' analysis, Pattern SpA (MIL:PTR) is currently considered Possible Value Trap. The stock's GF Value™ is €4.94, compared to a current price of €2.64 — trading 46.6% below its estimated fair value. The current Gross Margin % is 46.14%, which is 31% below median its 10-year median of 66.57 and 62.4% above the Manufacturing - Apparel & Accessories industry median of 28.42. Pattern SpA's overall GF Score™ is 63/100 with 6 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 Pattern SpA (MIL:PTR), the current Gross Margin % is 46.14% 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 Pattern SpA (MIL:PTR) Overvalued in 2026?
Based on GuruFocus' analysis, Pattern SpA stock appears to be undervalued.
The current stock price of €2.64 is trading 46.6% below its estimated GF Value™ of €4.94.
GuruFocus considers Pattern SpA to be Possible Value Trap.
Key valuation signals for MIL:PTR:
Gross Margin %: 46.14% (31% below median its 10-year median of 66.57)
GF Value™: €4.94 vs. price of €2.64 (46.6% below fair value)
Industry Position: 62.4% above the Manufacturing - Apparel & Accessories median (#257 of 1024)
No single metric tells the full story. See the MIL:PTR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pattern SpA is an Italian Luxury Engineering & Production Hub, covering the main product categories (men's and women's lines, clothing and accessories, woven fabric, knitwear, and leather goods), starting from the research and engineering phase up to production, and revolves around five industrial hubs.
63GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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