VNE SpAMIL:VNE 33 Gross Margin % is 59.22% as of Dec. 2025, which is 9% above its 10-year median of 54.34. GuruFocus rates MIL:VNE with a GF Score™ of 33/100 and a GF Value™ of €3.72 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 3,003 Industrial Products companies, VNE SpA ranks better than 95% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. VNE SpA's Gross Profit for the
six
months ended in Dec. 2025 was €5.34 Mil. VNE SpA's Revenue for the
six
months ended in Dec. 2025 was €9.02 Mil. Therefore, VNE SpA's Gross Margin % for the quarter that ended in Dec. 2025 was 59.22%.
The historical rank and industry rank for VNE SpA's Gross Margin % or its related term are showing as below:
MIL:VNE'
s Gross Margin % Range Over the Past 10 Years
Min: 50.96 Med: 54.34 Max: 59.04
Current: 59.04
During the past 5 years, the highestGross Margin % of VNE SpA was 59.04%. The lowest was 50.96%. And the median was 54.34%.
MIL:VNE's Gross Margin % is ranked better than 95% of 3003
companies
in the Industrial Products industry
Industry Median: 26.79
vs MIL:VNE: 59.04
VNE SpA had a gross margin of 59.22% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for VNE SpA was 0.00% per year.
VNE SpA (MIL:VNE) 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
VNE SpA had a gross margin of 59.22% 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.
VNE SpA Gross Margin % Related Terms
VNE SpA Gross Margin % Historical Data
* Premium members only.
The historical data trend for VNE 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:VNE vs GEV, ETN, PH: Gross Margin % Comparison
For the Specialty Industrial Machinery subindustry, VNE 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.
VNE SpA Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, VNE SpA's Gross Margin % distribution charts can be found below:
* The bar in red indicates where VNE 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.
VNE SpA (MIL:VNE) has a Gross Margin % of 59.22% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on VNE SpA and its competitors. This is near median its historical median of 54.34. Over the past decade, VNE SpA's Gross Margin % has ranged from 50.96 to 59.04. According to the industry distribution chart, VNE SpA ranks #150 out of 3003 companies in the Industrial Products industry, placing it in the top 5%.
Is VNE SpA's Gross Margin % too high?
VNE SpA's current Gross Margin % of 59.22% is near median its 10-year median of 54.34. Over the past 10 years, this metric has ranged from a low of 50.96 to a high of 59.04. The Industrial Products industry median Gross Margin % is 26.79. VNE SpA's value of 59.22% is 121.1% above this industry median. Based on the distribution chart, VNE SpA ranks #150 out of 3003 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, VNE SpA has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does VNE SpA's Gross Margin % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, VNE SpA ranks #150 out of 3003 companies for Gross Margin %. This places VNE SpA in the top 5% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.79. VNE SpA's value of 59.22% is 121.1% above this benchmark. Historically, VNE SpA's own Gross Margin % has ranged from 50.96 to 59.04 over the past decade. While the company's 10-year median is 54.34 vs. the industry median of 26.79, VNE 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 an Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.79, based on 3,003 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. VNE SpA's current Gross Margin % of 59.22% is 121.1% 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 VNE SpA and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VNE SpA's current Gross Margin % is 59.22%, which is near median its own 10-year median of 54.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNE SpA stock overvalued right now?
Based on GuruFocus' analysis, VNE SpA (MIL:VNE) is currently considered Possible Value Trap. The stock's GF Value™ is €3.72, compared to a current price of €2.40 — trading 35.5% below its estimated fair value. The current Gross Margin % is 59.22%, which is near median its 10-year median of 54.34 and 121.1% above the Industrial Products industry median of 26.79. VNE SpA's overall GF Score™ is 33/100 with 2 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 VNE SpA (MIL:VNE), the current Gross Margin % is 59.22% 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 VNE SpA (MIL:VNE) Overvalued in 2026?
Based on GuruFocus' analysis, VNE SpA stock appears to be undervalued.
The current stock price of €2.40 is trading 35.5% below its estimated GF Value™ of €3.72.
GuruFocus considers VNE SpA to be Possible Value Trap.
Key valuation signals for MIL:VNE:
Gross Margin %: 59.22% (near median its 10-year median of 54.34)
GF Value™: €3.72 vs. price of €2.40 (35.5% below fair value)
Industry Position: 121.1% above the Industrial Products median (#150 of 3003)
No single metric tells the full story. See the MIL:VNE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VNE SpA produces hardware and software for the management of banknotes, coins, and, more generally, payments and transactions through cash and cashless systems, offering a wide range of customized products. It creates, samples, and produces all its appliances internally. The company offers consulting and commercial assistance all over the world through a stable and efficient operating network; moreover, it guarantees qualified and immediate maintenance and technical assistance anywhere on every type of machine. The main markets where the company operates internationally are gambling, retail & vending, casino & ticket, and wherever there is a need to manage payments or automated transactions.
33GF Score
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