Frog InnovationsNSE:FROG +4.97%70 Gross Margin % is 48.67% as of Sep. 2025, which is 14% above its 10-year median of 42.69. GuruFocus rates NSE:FROG with a GF Score™ of 70/100 and a GF Value™ of ₹344.02 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,454 Hardware companies, Frog Innovations ranks better than 82.72% on this metric.
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
Frog Innovations had a gross margin of 48.67% for the quarter that ended in Sep. 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.
Frog Innovations Gross Margin % Related Terms
Frog Innovations Gross Margin % Historical Data
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The historical data trend for Frog Innovations'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.
NSE:FROG vs CSCO, CIEN, MSI: Gross Margin % Comparison
For the Communication Equipment subindustry, Frog Innovations'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.
Frog Innovations Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Frog Innovations's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Frog Innovations'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.
Frog Innovations (NSE:FROG) has a Gross Margin % of 48.67% as of Sep. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Frog Innovations and its competitors. This is 14% above median its historical median of 42.69. Over the past decade, Frog Innovations' Gross Margin % has ranged from 32.59 to 48.32. According to the industry distribution chart, Frog Innovations ranks #424 out of 2454 companies in the Hardware industry, placing it in the top 17.3%.
Is Frog Innovations' Gross Margin % too high?
Frog Innovations' current Gross Margin % of 48.67% is 14% above median its 10-year median of 42.69. Over the past 10 years, this metric has ranged from a low of 32.59 to a high of 48.32. The Hardware industry median Gross Margin % is 24.57. Frog Innovations' value of 48.67% is 98.1% above this industry median. Based on the distribution chart, Frog Innovations ranks #424 out of 2454 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Frog Innovations has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Frog Innovations' Gross Margin % compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Frog Innovations ranks #424 out of 2454 companies for Gross Margin %. This places Frog Innovations in the top 17% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 24.57. Frog Innovations' value of 48.67% is 98.1% above this benchmark. Historically, Frog Innovations' own Gross Margin % has ranged from 32.59 to 48.32 over the past decade. While the company's 10-year median is 42.69 vs. the industry median of 24.57, Frog Innovations 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 Hardware company?
The median Gross Margin % among Hardware companies is 24.57, based on 2,454 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. Frog Innovations's current Gross Margin % of 48.67% is 98.1% 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 Frog Innovations and its competitors. For the Hardware industry, the median Gross Margin % is 24.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frog Innovations's current Gross Margin % is 48.67%, which is 14% above median its own 10-year median of 42.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frog Innovations stock overvalued right now?
Based on GuruFocus' analysis, Frog Innovations (NSE:FROG) is currently considered Possible Value Trap. The stock's GF Value™ is ₹344.02, compared to a current price of ₹168.05 — trading 51.2% below its estimated fair value. The current Gross Margin % is 48.67%, which is 14% above median its 10-year median of 42.69 and 98.1% above the Hardware industry median of 24.57. Frog Innovations' overall GF Score™ is 70/100 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 Frog Innovations (NSE:FROG), the current Gross Margin % is 48.67% as of Sep. 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 Frog Innovations (NSE:FROG) Overvalued in 2026?
Based on GuruFocus' analysis, Frog Innovations stock appears to be undervalued.
The current stock price of ₹168.05 is trading 51.2% below its estimated GF Value™ of ₹344.02.
GuruFocus considers Frog Innovations to be Possible Value Trap.
Key valuation signals for NSE:FROG:
Gross Margin %: 48.67% (14% above median its 10-year median of 42.69)
GF Value™: ₹344.02 vs. price of ₹168.05 (51.2% below fair value)
Industry Position: 98.1% above the Hardware median (#424 of 2454)
No single metric tells the full story. See the NSE:FROG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frog Innovations Ltd is a company engaged in manufacturing telecom equipment used by telecom operators, especially in Telecom Towers. The company manufactures 2G/3G/4G/5G Multi-band Digital RF Repeaters, Multi-band Frequency Shift Repeaters, Multi-band Optical DAS systems, relative software, and accessories. The company also offers In-Building Coverage Planning and Design services along with Radio Access Network (RAN) and Backhaul Network installation services. The company collectively operates only in one business segment manufacturing and installation of in-building coverage solutions and mobile network accessories for mobile service providers and operators. It provides its products and services across Asia, Europe, Africa, and the Middle East.
70GF Score
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