Reliance Securities CoROCO:6027 -0.85%65 Gross Margin % is 96.42% as of Dec. 2025, which is 2% above its 10-year median of 94.92. GuruFocus rates ROCO:6027 with a GF Score™ of 65/100 and a GF Value™ of NT$12.95 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 619 Capital Markets companies, Reliance Securities Co ranks better than 92.41% on this metric.
ROCO:6027's Gross Margin % is ranked better than 92.41% of 619
companies
in the Capital Markets industry
Industry Median: 49.52
vs ROCO:6027: 95.63
Reliance Securities Co had a gross margin of 96.42% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Reliance Securities Co was -0.20% per year.
Reliance Securities Co (ROCO:6027) 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
Reliance Securities Co had a gross margin of 96.42% 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.
Reliance Securities Co Gross Margin % Related Terms
Reliance Securities Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Reliance Securities 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.
ROCO:6027 vs MS, GS, SCHW: Gross Margin % Comparison
For the Capital Markets subindustry, Reliance Securities 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.
Reliance Securities Co Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Reliance Securities Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Reliance Securities Co'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.
Reliance Securities Co (ROCO:6027) has a Gross Margin % of 96.42% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Reliance Securities Co and its competitors. This is near median its historical median of 94.92. Over the past decade, Reliance Securities Co's Gross Margin % has ranged from 62.00 to 97.61. According to the industry distribution chart, Reliance Securities Co ranks #47 out of 619 companies in the Capital Markets industry, placing it in the top 7.6%.
Is Reliance Securities Co's Gross Margin % too high?
Reliance Securities Co's current Gross Margin % of 96.42% is near median its 10-year median of 94.92. Over the past 10 years, this metric has ranged from a low of 62.00 to a high of 97.61. The Capital Markets industry median Gross Margin % is 49.52. Reliance Securities Co's value of 96.42% is 94.7% above this industry median. Based on the distribution chart, Reliance Securities Co ranks #47 out of 619 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Reliance Securities Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Reliance Securities Co's Gross Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Reliance Securities Co ranks #47 out of 619 companies for Gross Margin %. This places Reliance Securities Co in the top 8% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 49.52. Reliance Securities Co's value of 96.42% is 94.7% above this benchmark. Historically, Reliance Securities Co's own Gross Margin % has ranged from 62.00 to 97.61 over the past decade. While the company's 10-year median is 94.92 vs. the industry median of 49.52, Reliance Securities 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 Capital Markets company?
The median Gross Margin % among Capital Markets companies is 49.52, based on 619 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. Reliance Securities Co's current Gross Margin % of 96.42% is 94.7% 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 Reliance Securities Co and its competitors. For the Capital Markets industry, the median Gross Margin % is 49.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reliance Securities Co's current Gross Margin % is 96.42%, which is near median its own 10-year median of 94.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reliance Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Reliance Securities Co (ROCO:6027) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$12.95, compared to a current price of NT$11.60 — trading 10.4% below its estimated fair value. The current Gross Margin % is 96.42%, which is near median its 10-year median of 94.92 and 94.7% above the Capital Markets industry median of 49.52. Reliance Securities Co's overall GF Score™ is 65/100 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 Reliance Securities Co (ROCO:6027), the current Gross Margin % is 96.42% 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 Reliance Securities Co (ROCO:6027) Overvalued in 2026?
Based on GuruFocus' analysis, Reliance Securities Co stock appears to be undervalued.
The current stock price of NT$11.60 is trading 10.4% below its estimated GF Value™ of NT$12.95.
GuruFocus considers Reliance Securities Co to be Modestly Undervalued.
Key valuation signals for ROCO:6027:
Gross Margin %: 96.42% (near median its 10-year median of 94.92)
GF Value™: NT$12.95 vs. price of NT$11.60 (10.4% below fair value)
Industry Position: 94.7% above the Capital Markets median (#47 of 619)
No single metric tells the full story. See the ROCO:6027 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reliance Securities Co Ltd is engaged in providing integrated investment platforms and professional investment services in Taiwan. It presents investors with securities brokerage, futures, warrants, agency funds, discretionary entrustment, re-trust business, underwriting, and bonds.
65GF Score
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