ASJNGO:2351 51 Gross Margin % is 39.64% as of Mar. 2026, which is 7% above its 10-year median of 37.07. GuruFocus rates NGO:2351 with a GF Score™ of 51/100 and a GF Value™ of 円375.75 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,678 Software companies, ASJ ranks worse than 53.06% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. ASJ's Gross Profit for the
six
months ended in Mar. 2026 was 円566 Mil. ASJ's Revenue for the
six
months ended in Mar. 2026 was 円1,429 Mil. Therefore, ASJ's Gross Margin % for the quarter that ended in Mar. 2026 was 39.64%.
The historical rank and industry rank for ASJ's Gross Margin % or its related term are showing as below:
NGO:2351'
s Gross Margin % Range Over the Past 10 Years
Min: 31.8 Med: 37.07 Max: 40.8
Current: 38.08
During the past 13 years, the highestGross Margin % of ASJ was 40.80%. The lowest was 31.80%. And the median was 37.07%.
NGO:2351's Gross Margin % is ranked worse than 53.06% of 2678
companies
in the Software industry
Industry Median: 40.455
vs NGO:2351: 38.08
ASJ had a gross margin of 39.64% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for ASJ was 2.00% per year.
ASJ (NGO:2351) 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
ASJ had a gross margin of 39.64% 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.
ASJ Gross Margin % Related Terms
ASJ Gross Margin % Historical Data
* Premium members only.
The historical data trend for ASJ'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.
NGO:2351 vs MSFT, ORCL, PLTR: Gross Margin % Comparison
For the Software - Infrastructure subindustry, ASJ'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.
ASJ Gross Margin % vs Software Industry
For the Software industry and Technology sector, ASJ's Gross Margin % distribution charts can be found below:
* The bar in red indicates where ASJ'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.
ASJ (NGO:2351) has a Gross Margin % of 39.64% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on ASJ and its competitors. This is near median its historical median of 37.07. Over the past decade, ASJ's Gross Margin % has ranged from 31.80 to 40.80. According to the industry distribution chart, ASJ ranks #1421 out of 2678 companies in the Software industry, placing it in the top 53.1%.
Is ASJ's Gross Margin % too high?
ASJ's current Gross Margin % of 39.64% is near median its 10-year median of 37.07. Over the past 10 years, this metric has ranged from a low of 31.80 to a high of 40.80. The Software industry median Gross Margin % is 40.46. ASJ's value of 39.64% is 2% below this industry median. Based on the distribution chart, ASJ ranks #1421 out of 2678 companies in the Software industry, which is below the industry midpoint. Overall, ASJ has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ASJ's Gross Margin % compare to MSFT and ORCL?
According to the Software industry distribution chart, ASJ ranks #1421 out of 2678 companies for Gross Margin %. This places ASJ in the lower half of its industry. The industry median Gross Margin % is 40.46. ASJ's value of 39.64% is 2% below this benchmark. Historically, ASJ's own Gross Margin % has ranged from 31.80 to 40.80 over the past decade. While the company's 10-year median is 37.07 vs. the industry median of 40.46, ASJ has consistently been below 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 Software company?
The median Gross Margin % among Software companies is 40.46, based on 2,678 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. ASJ's current Gross Margin % of 39.64% is 2% below 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 ASJ and its competitors. For the Software industry, the median Gross Margin % is 40.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASJ's current Gross Margin % is 39.64%, which is near median its own 10-year median of 37.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASJ stock overvalued right now?
Based on GuruFocus' analysis, ASJ (NGO:2351) is currently considered Modestly Undervalued. The stock's GF Value™ is 円375.75, compared to a current price of 円307.00 — trading 18.3% below its estimated fair value. The current Gross Margin % is 39.64%, which is near median its 10-year median of 37.07 and 2% below the Software industry median of 40.46. ASJ's overall GF Score™ is 51/100 with 4 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 ASJ (NGO:2351), the current Gross Margin % is 39.64% 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 ASJ (NGO:2351) Overvalued in 2026?
Based on GuruFocus' analysis, ASJ stock appears to be undervalued.
The current stock price of 円307.00 is trading 18.3% below its estimated GF Value™ of 円375.75.
GuruFocus considers ASJ to be Modestly Undervalued.
Key valuation signals for NGO:2351:
Gross Margin %: 39.64% (near median its 10-year median of 37.07)
GF Value™: 円375.75 vs. price of 円307.00 (18.3% below fair value)
Industry Position: 2% below the Software median (#1421 of 2678)
No single metric tells the full story. See the NGO:2351 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASJ Inc is a core services provider company. It is engaged in Internet-related services such as hosting service and provision of groupware and domain service. Its business activities include cloud services, payment service, consulting on the Internet and development of computer software and smartphone applications.
51GF Score
Get the complete analysis for NGO:2351
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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