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TienPin United Enterprise Co (ROCO:6199) 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
TienPin United Enterprise Co had a gross margin of 35.30% for the quarter that ended in Dec. 2025 => 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.
TienPin United Enterprise Co Gross Margin % Related Terms
TienPin United Enterprise Co Gross Margin % Historical Data
* 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:6199 vs SNDK, DELL, STX: Gross Margin % Comparison
For the Computer Hardware subindustry, TienPin United Enterprise 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.
TienPin United Enterprise Co Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, TienPin United Enterprise Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where TienPin United Enterprise 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.
TienPin United Enterprise Co (ROCO:6199) has a Gross Margin % of 35.30% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on TienPin United Enterprise Co and its competitors. This is 56% below median its historical median of 79.52. Over the past decade, TienPin United Enterprise Co's Gross Margin % has ranged from 45.64 to 84.17. According to the industry distribution chart, TienPin United Enterprise Co ranks #396 out of 2455 companies in the Hardware industry, placing it in the top 16.1%.
Is TienPin United Enterprise Co's Gross Margin % too high?
TienPin United Enterprise Co's current Gross Margin % of 35.30% is 56% below median its 10-year median of 79.52. Over the past 10 years, this metric has ranged from a low of 45.64 to a high of 84.17. The Hardware industry median Gross Margin % is 24.50. TienPin United Enterprise Co's value of 35.30% is 44.1% above this industry median. Based on the distribution chart, TienPin United Enterprise Co ranks #396 out of 2455 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, TienPin United Enterprise Co has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TienPin United Enterprise Co's Gross Margin % compare to SNDK and DELL?
According to the Hardware industry distribution chart, TienPin United Enterprise Co ranks #396 out of 2455 companies for Gross Margin %. This places TienPin United Enterprise Co in the top 16% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 24.50. TienPin United Enterprise Co's value of 35.30% is 44.1% above this benchmark. Historically, TienPin United Enterprise Co's own Gross Margin % has ranged from 45.64 to 84.17 over the past decade. While the company's 10-year median is 79.52 vs. the industry median of 24.50, TienPin United Enterprise 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 Hardware company?
The median Gross Margin % among Hardware companies is 24.50, based on 2,455 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. TienPin United Enterprise Co's current Gross Margin % of 35.30% is 44.1% 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 TienPin United Enterprise Co and its competitors. For the Hardware industry, the median Gross Margin % is 24.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TienPin United Enterprise Co's current Gross Margin % is 35.30%, which is 56% below median its own 10-year median of 79.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TienPin United Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, TienPin United Enterprise Co (ROCO:6199) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$143.77, compared to a current price of NT$104.00 — trading 27.7% below its estimated fair value. The current Gross Margin % is 35.30%, which is 56% below median its 10-year median of 79.52 and 44.1% above the Hardware industry median of 24.50. TienPin United Enterprise Co's overall GF Score™ is 85/100 with 2 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 TienPin United Enterprise Co (ROCO:6199), the current Gross Margin % is 35.30% 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 TienPin United Enterprise Co (ROCO:6199) Overvalued in 2026?
Based on GuruFocus' analysis, TienPin United Enterprise Co stock appears to be undervalued.
The current stock price of NT$104.00 is trading 27.7% below its estimated GF Value™ of NT$143.77.
GuruFocus considers TienPin United Enterprise Co to be Modestly Undervalued.
Key valuation signals for ROCO:6199:
Gross Margin %: 35.30% (56% below median its 10-year median of 79.52)
GF Value™: NT$143.77 vs. price of NT$104.00 (27.7% below fair value)
Industry Position: 44.1% above the Hardware median (#396 of 2455)
No single metric tells the full story. See the ROCO:6199 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TienPin United Enterprise Co Ltd is a flash storage manufacturer, specializing in portable storage products. It designs and manufactures products using USB 2.0, PCMCIA, ExpressCard, FireWire, SDIO and CompactFlash interfaces. Its products include a lash card reader/writer, flash card adapter, Digital Photo Frame, Digital Signage, LCD TV Player Module, fingerprint device, and flash drive.
85GF Score
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