Munsin Garment (ROCO:2916) Gross Margin %: 54.46% (As of Dec. 2025) — 11% Above Median

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ROCO:2916 Munsin Garment Corp ROCO:2916
80 GF Score
Price NT$40.10
GF Value NT$46.88
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Munsin Garment Gross Margin %?

Munsin Garment ROCO:2916 -0.99% 80 Gross Margin % is 54.46% as of Dec. 2025, which is 11% above its 10-year median of 48.94. GuruFocus rates ROCO:2916 with a GF Score™ of 80/100 and a GF Value™ of NT$46.88 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,023 Manufacturing - Apparel & Accessories companies, Munsin Garment ranks better than 81.04% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Munsin Garment's Gross Profit for the three months ended in Dec. 2025 was NT$334 Mil. Munsin Garment's Revenue for the three months ended in Dec. 2025 was NT$614 Mil. Therefore, Munsin Garment's Gross Margin % for the quarter that ended in Dec. 2025 was 54.46%.


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

ROCO:2916' s Gross Margin % Range Over the Past 10 Years
Min: 46.59   Med: 48.94   Max: 54.24
Current: 54.02


During the past 13 years, the highest Gross Margin % of Munsin Garment was 54.24%. The lowest was 46.59%. And the median was 48.94%.

ROCO:2916's Gross Margin % is ranked better than
81.04% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.34 vs ROCO:2916: 54.02

Munsin Garment had a gross margin of 54.46% for the quarter that ended in Dec. 2025 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Munsin Garment was 2.90% per year.


Munsin Garment  (ROCO:2916) 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

Munsin Garment had a gross margin of 54.46% for the quarter that ended in Dec. 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.


Munsin Garment Gross Margin % Related Terms


Munsin Garment Gross Margin % Historical Data

* Premium members only.

The historical data trend for Munsin Garment'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.

Munsin Garment Gross Margin % Chart

Munsin Garment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.84 51.57 52.98 54.24 54.02

Munsin Garment Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 54.14 53.03 54.30 54.39 54.46

ROCO:2916 vs RL, LEVI, VFC: Gross Margin % Comparison

For the Apparel Manufacturing subindustry, Munsin Garment'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.


Munsin Garment Gross Margin % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Munsin Garment's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Munsin Garment's Gross Margin % falls into.


ROCO:2916
80GF Score
Munsin Garment Corp ROCO:2916
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Munsin Garment Gross Margin % Calculation

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

Munsin Garment's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=1057.9 / 1958.266
=(Revenue - Cost of Goods Sold) / Revenue
=(1958.266 - 900.408) / 1958.266
=54.02 %

Munsin Garment's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=334.3 / 613.865
=(Revenue - Cost of Goods Sold) / Revenue
=(613.865 - 279.53) / 613.865
=54.46 %

* 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 54.46% mean?
Munsin Garment (ROCO:2916) has a Gross Margin % of 54.46% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Munsin Garment and its competitors. This is 11% above median its historical median of 48.94. Over the past decade, Munsin Garment's Gross Margin % has ranged from 46.59 to 54.24. According to the industry distribution chart, Munsin Garment ranks #194 out of 1023 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 19%.
Is Munsin Garment's Gross Margin % too high?
Munsin Garment's current Gross Margin % of 54.46% is 11% above median its 10-year median of 48.94. Over the past 10 years, this metric has ranged from a low of 46.59 to a high of 54.24. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.34. Munsin Garment's value of 54.46% is 92.2% above this industry median. Based on the distribution chart, Munsin Garment ranks #194 out of 1023 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Munsin Garment has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Munsin Garment's Gross Margin % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Munsin Garment ranks #194 out of 1023 companies for Gross Margin %. This places Munsin Garment in the top 19% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 28.34. Munsin Garment's value of 54.46% is 92.2% above this benchmark. Historically, Munsin Garment's own Gross Margin % has ranged from 46.59 to 54.24 over the past decade. While the company's 10-year median is 48.94 vs. the industry median of 28.34, Munsin Garment 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 Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.34, based on 1,023 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. Munsin Garment's current Gross Margin % of 54.46% is 92.2% 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 Munsin Garment and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Munsin Garment's current Gross Margin % is 54.46%, which is 11% above median its own 10-year median of 48.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munsin Garment stock overvalued right now?
Based on GuruFocus' analysis, Munsin Garment (ROCO:2916) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$46.88, compared to a current price of NT$40.10 — trading 14.5% below its estimated fair value. The current Gross Margin % is 54.46%, which is 11% above median its 10-year median of 48.94 and 92.2% above the Manufacturing - Apparel & Accessories industry median of 28.34. Munsin Garment's overall GF Score™ is 80/100 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 Munsin Garment (ROCO:2916), the current Gross Margin % is 54.46% as of Dec. 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 Munsin Garment (ROCO:2916) Overvalued in 2026?

Based on GuruFocus' analysis, Munsin Garment stock appears to be undervalued. The current stock price of NT$40.10 is trading 14.5% below its estimated GF Value™ of NT$46.88. GuruFocus considers Munsin Garment to be Modestly Undervalued.

Key valuation signals for ROCO:2916:

  • Gross Margin %: 54.46% (11% above median its 10-year median of 48.94)
  • GF Value™: NT$46.88 vs. price of NT$40.10 (14.5% below fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 92.2% above the Manufacturing - Apparel & Accessories median (#194 of 1023)

No single metric tells the full story. See the ROCO:2916 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Munsin Garment Business Description

Address Wuquan 6th Road, No. 18, Wugu District, New Taipei City, TWN
Munsin Garment Corp is mainly engaged in the manufacturing and sale of various garments and knitwear; acting as a product distribution, bidding, and quoting agent for domestic and international brands; and the import and export trade operations related to these business activities. The company deals in men's and women's apparel products of various international brands, such as Munsingwear, Le Coq Sportif, Pou Dou Dou, Eminento, Nara CamiCie, Hazzy, and others. Geographically, all of its revenue is derived from Taiwan.
80GF Score

Get the complete analysis for ROCO:2916

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

NT$40.10
Price
NT$46.88
GF Value