Zest SpAMIL:ZEST -0.43%23 Gross Margin % is 60.35% as of Dec. 2025, which is 55% above its 10-year median of 38.85. GuruFocus rates MIL:ZEST with a GF Score™ of 23/100 and a GF Value™ of €0.14 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 553 Asset Management companies, Zest SpA ranks worse than 52.08% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Zest SpA's Gross Profit for the
six
months ended in Dec. 2025 was €2.26 Mil. Zest SpA's Revenue for the
six
months ended in Dec. 2025 was €3.75 Mil. Therefore, Zest SpA's Gross Margin % for the quarter that ended in Dec. 2025 was 60.35%.
Warning Sign:
Zest SpA gross margin has been in long-term decline. The average rate of decline per year is -1.3%.
The historical rank and industry rank for Zest SpA's Gross Margin % or its related term are showing as below:
MIL:ZEST'
s Gross Margin % Range Over the Past 10 Years
Min: -6.52 Med: 38.85 Max: 64.36
Current: 55.26
During the past 13 years, the highestGross Margin % of Zest SpA was 64.36%. The lowest was -6.52%. And the median was 38.85%.
MIL:ZEST's Gross Margin % is ranked worse than 52.08% of 553
companies
in the Asset Management industry
Industry Median: 58.4
vs MIL:ZEST: 55.26
Zest SpA had a gross margin of 60.35% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Zest SpA was -1.30% per year.
Zest SpA (MIL:ZEST) 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
Zest SpA had a gross margin of 60.35% 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.
Zest SpA Gross Margin % Related Terms
Zest SpA Gross Margin % Historical Data
* Premium members only.
The historical data trend for Zest 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:ZEST vs BLK, BX, KKR: Gross Margin % Comparison
For the Asset Management subindustry, Zest 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.
Zest SpA Gross Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Zest SpA's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Zest 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.
Zest SpA (MIL:ZEST) has a Gross Margin % of 60.35% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Zest SpA and its competitors. This is 55% above median its historical median of 38.85. According to the industry distribution chart, Zest SpA ranks #288 out of 553 companies in the Asset Management industry, placing it in the top 52.1%.
Is Zest SpA's Gross Margin % too high?
Zest SpA's current Gross Margin % of 60.35% is 55% above median its 10-year median of 38.85. The Asset Management industry median Gross Margin % is 58.40. Zest SpA's value of 60.35% is 3.3% above this industry median. Based on the distribution chart, Zest SpA ranks #288 out of 553 companies in the Asset Management industry, which is below the industry midpoint. Overall, Zest SpA has a GF Score™ of 23/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zest SpA's Gross Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Zest SpA ranks #288 out of 553 companies for Gross Margin %. This places Zest SpA in the lower half of its industry. The industry median Gross Margin % is 58.40. Zest SpA's value of 60.35% is 3.3% above this benchmark. While the company's 10-year median is 38.85 vs. the industry median of 58.40, Zest 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 Asset Management company?
The median Gross Margin % among Asset Management companies is 58.40, based on 553 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. Zest SpA's current Gross Margin % of 60.35% is 3.3% 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 Zest SpA and its competitors. For the Asset Management industry, the median Gross Margin % is 58.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zest SpA's current Gross Margin % is 60.35%, which is 55% above median its own 10-year median of 38.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zest SpA stock overvalued right now?
Based on GuruFocus' analysis, Zest SpA (MIL:ZEST) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.14, compared to a current price of €0.12 — trading 17.9% below its estimated fair value. The current Gross Margin % is 60.35%, which is 55% above median its 10-year median of 38.85 and 3.3% above the Asset Management industry median of 58.40. Zest SpA's overall GF Score™ is 23/100 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 Zest SpA (MIL:ZEST), the current Gross Margin % is 60.35% 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 Zest SpA (MIL:ZEST) Overvalued in 2026?
Based on GuruFocus' analysis, Zest SpA stock appears to be undervalued.
The current stock price of €0.12 is trading 17.9% below its estimated GF Value™ of €0.14.
GuruFocus considers Zest SpA to be Modestly Undervalued.
Key valuation signals for MIL:ZEST:
Gross Margin %: 60.35% (55% above median its 10-year median of 38.85)
GF Value™: €0.14 vs. price of €0.12 (17.9% below fair value)
Industry Position: 3.3% above the Asset Management median (#288 of 553)
No single metric tells the full story. See the MIL:ZEST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zest SpA formerly LVenture Group SpA is a holding company. It operates in the Private Equity and Venture Capital and provides financial support for the development of StartUp, bringing also a network of relationships and high sectoral expertise.
23GF Score
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