Nickel AsiaNCKAF 93 Gross Margin % is 37.16% as of Mar. 2026, which is 12% below its 10-year median of 42.26. GuruFocus rates NCKAF with a GF Score™ of 93/100 and a GF Value™ of $0.06 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 729 Metals & Mining companies, Nickel Asia ranks better than 72.7% on this metric.
Nickel Asia Corp gross margin has been in long-term decline. The average rate of decline per year is -2.1%.
The historical rank and industry rank for Nickel Asia's Gross Margin % or its related term are showing as below:
NCKAF'
s Gross Margin % Range Over the Past 10 Years
Min: 35.1 Med: 42.26 Max: 53.07
Current: 48.85
During the past 13 years, the highestGross Margin % of Nickel Asia was 53.07%. The lowest was 35.10%. And the median was 42.26%.
NCKAF's Gross Margin % is ranked better than 72.7% of 729
companies
in the Metals & Mining industry
Industry Median: 26.15
vs NCKAF: 48.85
Nickel Asia had a gross margin of 37.16% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Nickel Asia was -2.10% per year.
Nickel Asia (OTCPK:NCKAF) 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
Nickel Asia had a gross margin of 37.16% for the quarter that ended in Mar. 2026 => Competition eroding margins
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.
Nickel Asia Gross Margin % Related Terms
Nickel Asia Gross Margin % Historical Data
* Premium members only.
The historical data trend for Nickel Asia'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 Other Industrial Metals & Mining subindustry, Nickel Asia'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.
Nickel Asia Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Asia's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Nickel Asia'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.
Nickel Asia (NCKAF) has a Gross Margin % of 37.16% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Nickel Asia and its competitors. This is 12% below median its historical median of 42.26. Over the past decade, Nickel Asia's Gross Margin % has ranged from 35.10 to 53.07. According to the industry distribution chart, Nickel Asia ranks #199 out of 729 companies in the Metals & Mining industry, placing it in the top 27.3%.
Is Nickel Asia's Gross Margin % too high?
Nickel Asia's current Gross Margin % of 37.16% is 12% below median its 10-year median of 42.26. Over the past 10 years, this metric has ranged from a low of 35.10 to a high of 53.07. The Metals & Mining industry median Gross Margin % is 26.15. Nickel Asia's value of 37.16% is 42.1% above this industry median. Based on the distribution chart, Nickel Asia ranks #199 out of 729 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Nickel Asia has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Asia's Gross Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Asia ranks #199 out of 729 companies for Gross Margin %. This puts Nickel Asia in the upper half of its industry. The industry median Gross Margin % is 26.15. Nickel Asia's value of 37.16% is 42.1% above this benchmark. Historically, Nickel Asia's own Gross Margin % has ranged from 35.10 to 53.07 over the past decade. While the company's 10-year median is 42.26 vs. the industry median of 26.15, Nickel Asia 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 Metals & Mining company?
The median Gross Margin % among Metals & Mining companies is 26.15, based on 729 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. Nickel Asia's current Gross Margin % of 37.16% is 42.1% 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 Nickel Asia and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nickel Asia's current Gross Margin % is 37.16%, which is 12% below median its own 10-year median of 42.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Asia stock overvalued right now?
Based on GuruFocus' analysis, Nickel Asia (NCKAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.06, compared to a current price of $0.10 — trading 66.7% above its estimated fair value. The current Gross Margin % is 37.16%, which is 12% below median its 10-year median of 42.26 and 42.1% above the Metals & Mining industry median of 26.15. Nickel Asia's overall GF Score™ is 93/100 with 3 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 Nickel Asia (NCKAF), the current Gross Margin % is 37.16% as of Mar. 2026. 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 Nickel Asia (NCKAF) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Asia stock appears to be overvalued.
The current stock price of $0.10 is trading 66.7% above its estimated GF Value™ of $0.06.
GuruFocus considers Nickel Asia to be Significantly Overvalued.
Key valuation signals for NCKAF:
Gross Margin %: 37.16% (12% below median its 10-year median of 42.26)
GF Value™: $0.06 vs. price of $0.10 (66.7% above fair value)
Industry Position: 42.1% above the Metals & Mining median (#199 of 729)
No single metric tells the full story. See the NCKAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Asia Corp is a diversified natural resources development company is principally engaged in the business of producing beneficiated nickel ore, limestone, and quarry materials, rendering of services, and generating revenue from sale of power. The company has three operating segments which is The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, the services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and the power segment is into power generation and exploration for geothermal resources.
93GF Score
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