Toyo ElectricNGO:6655 -0.61%64 Gross Margin % is 28.45% as of Mar. 2026, which is 2% above its 10-year median of 27.92. GuruFocus rates NGO:6655 with a GF Score™ of 64/100 and a GF Value™ of 円804.21 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,992 Industrial Products companies, Toyo Electric ranks better than 53.98% on this metric.
The historical rank and industry rank for Toyo Electric's Gross Margin % or its related term are showing as below:
NGO:6655'
s Gross Margin % Range Over the Past 10 Years
Min: 24.22 Med: 27.92 Max: 31.84
Current: 28.46
During the past 13 years, the highestGross Margin % of Toyo Electric was 31.84%. The lowest was 24.22%. And the median was 27.92%.
NGO:6655's Gross Margin % is ranked better than 53.98% of 2992
companies
in the Industrial Products industry
Industry Median: 26.82
vs NGO:6655: 28.46
Toyo Electric had a gross margin of 28.45% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Toyo Electric was 0.20% per year.
Toyo Electric (NGO:6655) 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
Toyo Electric had a gross margin of 28.45% 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.
Toyo Electric Gross Margin % Related Terms
Toyo Electric Gross Margin % Historical Data
* Premium members only.
The historical data trend for Toyo Electric'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 Electrical Equipment & Parts subindustry, Toyo Electric'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.
Toyo Electric Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Toyo Electric's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Toyo Electric'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.
Toyo Electric (NGO:6655) has a Gross Margin % of 28.45% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Toyo Electric and its competitors. This is near median its historical median of 27.92. Over the past decade, Toyo Electric's Gross Margin % has ranged from 24.22 to 31.84. According to the industry distribution chart, Toyo Electric ranks #1377 out of 2992 companies in the Industrial Products industry, placing it in the top 46%.
Is Toyo Electric's Gross Margin % too high?
Toyo Electric's current Gross Margin % of 28.45% is near median its 10-year median of 27.92. Over the past 10 years, this metric has ranged from a low of 24.22 to a high of 31.84. The Industrial Products industry median Gross Margin % is 26.82. Toyo Electric's value of 28.45% is 6.1% above this industry median. Based on the distribution chart, Toyo Electric ranks #1377 out of 2992 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Toyo Electric has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toyo Electric's Gross Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Toyo Electric ranks #1377 out of 2992 companies for Gross Margin %. This puts Toyo Electric in the upper half of its industry. The industry median Gross Margin % is 26.82. Toyo Electric's value of 28.45% is 6.1% above this benchmark. Historically, Toyo Electric's own Gross Margin % has ranged from 24.22 to 31.84 over the past decade. While the company's 10-year median is 27.92 vs. the industry median of 26.82, Toyo Electric 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 26.82, based on 2,992 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. Toyo Electric's current Gross Margin % of 28.45% is 6.1% 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 Toyo Electric and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyo Electric's current Gross Margin % is 28.45%, which is near median its own 10-year median of 27.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyo Electric stock overvalued right now?
Based on GuruFocus' analysis, Toyo Electric (NGO:6655) is currently considered Fairly Valued. The stock's GF Value™ is 円804.21, compared to a current price of 円810.00 — trading 0.7% above its estimated fair value. The current Gross Margin % is 28.45%, which is near median its 10-year median of 27.92 and 6.1% above the Industrial Products industry median of 26.82. Toyo Electric's overall GF Score™ is 64/100 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 Toyo Electric (NGO:6655), the current Gross Margin % is 28.45% 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 Toyo Electric (NGO:6655) Overvalued in 2026?
Based on GuruFocus' analysis, Toyo Electric stock appears to be overvalued.
The current stock price of 円810.00 is trading 0.7% above its estimated GF Value™ of 円804.21.
GuruFocus considers Toyo Electric to be Fairly Valued.
Key valuation signals for NGO:6655:
Gross Margin %: 28.45% (near median its 10-year median of 27.92)
GF Value™: 円804.21 vs. price of 円810.00 (0.7% above fair value)
Industry Position: 6.1% above the Industrial Products median (#1377 of 2992)
No single metric tells the full story. See the NGO:6655 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toyo Electric Corp is a Japan based company engaged in the manufacture and maintenance of switchboards and transformers. The company provides monitoring and control equipment, distribution boards, transformers, sensors, equipment for solutions, and manufactures and sells switchboards and elevator sensors, and the Company outsources the manufacturing of products and sells and purchases raw materials.
64GF Score
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