Tenax International SpAMIL:TNX -3.51%45 Gross Margin % is 64.85% as of Dec. 2025, which is 18% above its 10-year median of 54.96. GuruFocus rates MIL:TNX with a GF Score™ of 45/100 and a GF Value™ of €1.75 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 1,307 Vehicles & Parts companies, Tenax International SpA ranks better than 98.16% on this metric.
MIL:TNX's Gross Margin % is ranked better than 98.16% of 1307
companies
in the Vehicles & Parts industry
Industry Median: 19.83
vs MIL:TNX: 63.59
Tenax International SpA had a gross margin of 64.85% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Tenax International SpA was -2.90% per year.
Tenax International SpA (MIL:TNX) 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
Tenax International SpA had a gross margin of 64.85% 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.
Tenax International SpA Gross Margin % Related Terms
Tenax International SpA Gross Margin % Historical Data
* 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 Auto Manufacturers subindustry, Tenax International 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.
Tenax International SpA Gross Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tenax International SpA's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Tenax International 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.
Tenax International SpA (MIL:TNX) has a Gross Margin % of 64.85% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Tenax International SpA and its competitors. This is 18% above median its historical median of 54.96. Over the past decade, Tenax International SpA's Gross Margin % has ranged from 41.17 to 63.59. According to the industry distribution chart, Tenax International SpA ranks #24 out of 1307 companies in the Vehicles & Parts industry, placing it in the top 1.8%.
Is Tenax International SpA's Gross Margin % too high?
Tenax International SpA's current Gross Margin % of 64.85% is 18% above median its 10-year median of 54.96. Over the past 10 years, this metric has ranged from a low of 41.17 to a high of 63.59. The Vehicles & Parts industry median Gross Margin % is 19.83. Tenax International SpA's value of 64.85% is 227% above this industry median. Based on the distribution chart, Tenax International SpA ranks #24 out of 1307 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Tenax International SpA has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tenax International SpA's Gross Margin % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Tenax International SpA ranks #24 out of 1307 companies for Gross Margin %. This places Tenax International SpA in the top 2% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 19.83. Tenax International SpA's value of 64.85% is 227% above this benchmark. Historically, Tenax International SpA's own Gross Margin % has ranged from 41.17 to 63.59 over the past decade. While the company's 10-year median is 54.96 vs. the industry median of 19.83, Tenax International 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 Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.83, based on 1,307 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. Tenax International SpA's current Gross Margin % of 64.85% is 227% 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 Tenax International SpA and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenax International SpA's current Gross Margin % is 64.85%, which is 18% above median its own 10-year median of 54.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenax International SpA stock overvalued right now?
Based on GuruFocus' analysis, Tenax International SpA (MIL:TNX) is currently considered Possible Value Trap. The stock's GF Value™ is €1.75, compared to a current price of €1.10 — trading 37.1% below its estimated fair value. The current Gross Margin % is 64.85%, which is 18% above median its 10-year median of 54.96 and 227% above the Vehicles & Parts industry median of 19.83. Tenax International SpA's overall GF Score™ is 45/100 with 10 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 Tenax International SpA (MIL:TNX), the current Gross Margin % is 64.85% 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 Tenax International SpA (MIL:TNX) Overvalued in 2026?
Based on GuruFocus' analysis, Tenax International SpA stock appears to be undervalued.
The current stock price of €1.10 is trading 37.1% below its estimated GF Value™ of €1.75.
GuruFocus considers Tenax International SpA to be Possible Value Trap.
Key valuation signals for MIL:TNX:
Gross Margin %: 64.85% (18% above median its 10-year median of 54.96)
GF Value™: €1.75 vs. price of €1.10 (37.1% below fair value)
Industry Position: 227% above the Vehicles & Parts median (#24 of 1307)
No single metric tells the full story. See the MIL:TNX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tenax International SpA is engaged in designing and production of low-voltage electric road sweepers and street washers in Italy. The company also offers pre-owned street washers and road sweepers.
45GF Score
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