IonicsPHS:ION 85 Gross Margin % is 9.34% as of Mar. 2026, which is 26% below its 10-year median of 12.66. GuruFocus rates PHS:ION with a GF Score™ of 85/100 and a GF Value™ of ₱1.16 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,449 Hardware companies, Ionics ranks worse than 85.26% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Ionics's Gross Profit for the
three
months ended in Mar. 2026 was ₱178 Mil. Ionics's Revenue for the
three
months ended in Mar. 2026 was ₱1,904 Mil. Therefore, Ionics's Gross Margin % for the quarter that ended in Mar. 2026 was 9.34%.
The historical rank and industry rank for Ionics's Gross Margin % or its related term are showing as below:
PHS:ION'
s Gross Margin % Range Over the Past 10 Years
Min: 8.36 Med: 12.66 Max: 15.51
Current: 9.8
During the past 13 years, the highestGross Margin % of Ionics was 15.51%. The lowest was 8.36%. And the median was 12.66%.
PHS:ION's Gross Margin % is ranked worse than 85.26% of 2449
companies
in the Hardware industry
Industry Median: 24.52
vs PHS:ION: 9.80
Ionics had a gross margin of 9.34% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Ionics was 1.70% per year.
Ionics (PHS:ION) 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
Ionics had a gross margin of 9.34% for the quarter that ended in Mar. 2026 => No sustainable 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.
Ionics Gross Margin % Related Terms
Ionics Gross Margin % Historical Data
* Premium members only.
The historical data trend for Ionics'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 Consumer Electronics subindustry, Ionics'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.
Ionics Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Ionics's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ionics'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.
Ionics (PHS:ION) has a Gross Margin % of 9.34% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Ionics and its competitors. This is 26% below median its historical median of 12.66. Over the past decade, Ionics' Gross Margin % has ranged from 8.36 to 15.51. According to the industry distribution chart, Ionics ranks #2088 out of 2449 companies in the Hardware industry, placing it in the top 85.3%.
Is Ionics' Gross Margin % too high?
Ionics' current Gross Margin % of 9.34% is 26% below median its 10-year median of 12.66. Over the past 10 years, this metric has ranged from a low of 8.36 to a high of 15.51. The Hardware industry median Gross Margin % is 24.52. Ionics' value of 9.34% is 61.9% below this industry median. Based on the distribution chart, Ionics ranks #2088 out of 2449 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Ionics has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ionics' Gross Margin % compare to AAPL?
According to the Hardware industry distribution chart, Ionics ranks #2088 out of 2449 companies for Gross Margin %. This places Ionics in the lower half of its industry. The industry median Gross Margin % is 24.52. Ionics' value of 9.34% is 61.9% below this benchmark. Historically, Ionics' own Gross Margin % has ranged from 8.36 to 15.51 over the past decade. While the company's 10-year median is 12.66 vs. the industry median of 24.52, Ionics 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 Hardware company?
The median Gross Margin % among Hardware companies is 24.52, based on 2,449 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. Ionics's current Gross Margin % of 9.34% is 61.9% 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 Ionics and its competitors. For the Hardware industry, the median Gross Margin % is 24.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ionics's current Gross Margin % is 9.34%, which is 26% below median its own 10-year median of 12.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ionics stock overvalued right now?
Based on GuruFocus' analysis, Ionics (PHS:ION) is currently considered Fairly Valued. The stock's GF Value™ is ₱1.16, compared to a current price of ₱1.10 — trading 5.2% below its estimated fair value. The current Gross Margin % is 9.34%, which is 26% below median its 10-year median of 12.66 and 61.9% below the Hardware industry median of 24.52. Ionics' overall GF Score™ is 85/100 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 Ionics (PHS:ION), the current Gross Margin % is 9.34% 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 Ionics (PHS:ION) Overvalued in 2026?
Based on GuruFocus' analysis, Ionics stock appears to be undervalued.
The current stock price of ₱1.10 is trading 5.2% below its estimated GF Value™ of ₱1.16.
GuruFocus considers Ionics to be Fairly Valued.
Key valuation signals for PHS:ION:
Gross Margin %: 9.34% (26% below median its 10-year median of 12.66)
GF Value™: ₱1.16 vs. price of ₱1.10 (5.2% below fair value)
Industry Position: 61.9% below the Hardware median (#2088 of 2449)
No single metric tells the full story. See the PHS:ION stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ionics Inc is engaged in electronic manufacturing services, providing design, build, ship, and logistics solutions across telecommunications, automotive, computer peripherals, consumer electronics, industrial, medical, and plastic products. Its business is organized into segments, with the Consumer Electronics segment generating the majority of revenue, supporting digital media, digital television, and audio product industries. Other segments include Computer Peripherals, Telecom, Automotive, and Real Estate, which earn rental income from warehouse and factory facilities. The Group produces a wide multiple products, including telecom equipment, automotive electronics, computer components, consumer devices, and others. Geographically, it generates the majority of its revenue from Asia.
85GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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