Golf Do Co (NGO:3032) Gross Margin %: 38.08% (As of Mar. 2026) — Near Median

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NGO:3032 Golf Do Co Ltd NGO:3032
53 GF Score
Price 円310.00
GF Value 円212.35
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Golf Do Co Gross Margin %?

Golf Do Co NGO:3032 +0.65% 53 Gross Margin % is 38.08% as of Mar. 2026, which is 2% above its 10-year median of 37.29. GuruFocus rates NGO:3032 with a GF Score™ of 53/100 and a GF Value™ of 円212.35 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,113 Retail - Cyclical companies, Golf Do Co ranks better than 55.08% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Golf Do Co's Gross Profit for the six months ended in Mar. 2026 was 円1,185 Mil. Golf Do Co's Revenue for the six months ended in Mar. 2026 was 円3,113 Mil. Therefore, Golf Do Co's Gross Margin % for the quarter that ended in Mar. 2026 was 38.08%.


The historical rank and industry rank for Golf Do Co's Gross Margin % or its related term are showing as below:

NGO:3032' s Gross Margin % Range Over the Past 10 Years
Min: 33.52   Med: 37.29   Max: 38.59
Current: 38.59


During the past 13 years, the highest Gross Margin % of Golf Do Co was 38.59%. The lowest was 33.52%. And the median was 37.29%.

NGO:3032's Gross Margin % is ranked better than
55.08% of 1113 companies
in the Retail - Cyclical industry
Industry Median: 36.25 vs NGO:3032: 38.59

Golf Do Co had a gross margin of 38.08% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Golf Do Co was -0.10% per year.


Golf Do Co  (NGO:3032) 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

Golf Do Co had a gross margin of 38.08% 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.


Golf Do Co Gross Margin % Related Terms


Golf Do Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Golf Do Co'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.

Golf Do Co Gross Margin % Chart

Golf Do Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.57 37.01 37.57 38.06 38.59

Golf Do Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.52 38.29 37.84 39.10 38.08

NGO:3032 vs CASY, WSM, DKS: Gross Margin % Comparison

For the Specialty Retail subindustry, Golf Do Co'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.


Golf Do Co Gross Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Golf Do Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Golf Do Co's Gross Margin % falls into.


NGO:3032
53GF Score
Golf Do Co Ltd NGO:3032
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Golf Do Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Golf Do Co's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=2386.5 / 6184.822
=(Revenue - Cost of Goods Sold) / Revenue
=(6184.822 - 3798.279) / 6184.822
=38.59 %

Golf Do Co's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=1185.4 / 3112.728
=(Revenue - Cost of Goods Sold) / Revenue
=(3112.728 - 1927.312) / 3112.728
=38.08 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 38.08% mean?
Golf Do Co (NGO:3032) has a Gross Margin % of 38.08% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Golf Do Co and its competitors. This is near median its historical median of 37.29. Over the past decade, Golf Do Co's Gross Margin % has ranged from 33.52 to 38.59. According to the industry distribution chart, Golf Do Co ranks #500 out of 1113 companies in the Retail - Cyclical industry, placing it in the top 44.9%.
Is Golf Do Co's Gross Margin % too high?
Golf Do Co's current Gross Margin % of 38.08% is near median its 10-year median of 37.29. Over the past 10 years, this metric has ranged from a low of 33.52 to a high of 38.59. The Retail - Cyclical industry median Gross Margin % is 36.25. Golf Do Co's value of 38.08% is 5% above this industry median. Based on the distribution chart, Golf Do Co ranks #500 out of 1113 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Golf Do Co has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Golf Do Co's Gross Margin % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Golf Do Co ranks #500 out of 1113 companies for Gross Margin %. This puts Golf Do Co in the upper half of its industry. The industry median Gross Margin % is 36.25. Golf Do Co's value of 38.08% is 5% above this benchmark. Historically, Golf Do Co's own Gross Margin % has ranged from 33.52 to 38.59 over the past decade. While the company's 10-year median is 37.29 vs. the industry median of 36.25, Golf Do Co 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 Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.25, based on 1,113 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. Golf Do Co's current Gross Margin % of 38.08% is 5% 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 Golf Do Co and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golf Do Co's current Gross Margin % is 38.08%, which is near median its own 10-year median of 37.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golf Do Co stock overvalued right now?
Based on GuruFocus' analysis, Golf Do Co (NGO:3032) is currently considered Significantly Overvalued. The stock's GF Value™ is 円212.35, compared to a current price of 円310.00 — trading 46% above its estimated fair value. The current Gross Margin % is 38.08%, which is near median its 10-year median of 37.29 and 5% above the Retail - Cyclical industry median of 36.25. Golf Do Co's overall GF Score™ is 53/100 with 7 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 Golf Do Co (NGO:3032), the current Gross Margin % is 38.08% 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 Golf Do Co (NGO:3032) Overvalued in 2026?

Based on GuruFocus' analysis, Golf Do Co stock appears to be overvalued. The current stock price of 円310.00 is trading 46% above its estimated GF Value™ of 円212.35. GuruFocus considers Golf Do Co to be Significantly Overvalued.

Key valuation signals for NGO:3032:

  • Gross Margin %: 38.08% (near median its 10-year median of 37.29)
  • GF Value™: 円212.35 vs. price of 円310.00 (46% above fair value)
  • GF Score™: 53/100 with 7 warning signs
  • Industry Position: 5% above the Retail - Cyclical median (#500 of 1113)

No single metric tells the full story. See the NGO:3032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Golf Do Co Business Description

Address 2-3-1 Kami-Ochiai Chuo-ku, Saitama Prefecture, Saitama, JPN, 338-0001
Golf Do Co Ltd is engaged in the operation of direct and franchised chain stores that buy and sell second-hand clubs. Its products include new and second-hand golf clubs, golf goods, such as golf balls, caddy bags. It also provides free rental from the abundant clubs at the shop during lessons.
53GF Score

Get the complete analysis for NGO:3032

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円310.00
Price
円212.35
GF Value