91APP (ROCO:6741) Gross Margin %: 77.74% (As of Dec. 2025) — Near Median


ROCO:6741 91APP Inc ROCO:6741
86 GF Score
Price NT$61.00
GF Value NT$134.08
Valuation Significantly Undervalued
! 1 Warning Sign
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What is 91APP Gross Margin %?

91APP ROCO:6741 +0.16% 86 Gross Margin % is 77.74% as of Dec. 2025, which is 5% above its 10-year median of 74.32. GuruFocus rates ROCO:6741 with a GF Score™ of 86/100 and a GF Value™ of NT$134.08 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,681 Software companies, 91APP ranks better than 83.92% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. 91APP's Gross Profit for the three months ended in Dec. 2025 was NT$428 Mil. 91APP's Revenue for the three months ended in Dec. 2025 was NT$550 Mil. Therefore, 91APP's Gross Margin % for the quarter that ended in Dec. 2025 was 77.74%.


The historical rank and industry rank for 91APP's Gross Margin % or its related term are showing as below:

ROCO:6741' s Gross Margin % Range Over the Past 10 Years
Min: 66.87   Med: 74.32   Max: 75.43
Current: 74.24


During the past 8 years, the highest Gross Margin % of 91APP was 75.43%. The lowest was 66.87%. And the median was 74.32%.

ROCO:6741's Gross Margin % is ranked better than
83.92% of 2681 companies
in the Software industry
Industry Median: 40.41 vs ROCO:6741: 74.24

91APP had a gross margin of 77.74% for the quarter that ended in Dec. 2025 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for 91APP was 0.20% per year.


91APP  (ROCO:6741) 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

91APP had a gross margin of 77.74% 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.


91APP Gross Margin % Related Terms


91APP Gross Margin % Historical Data

* Premium members only.

The historical data trend for 91APP'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.

91APP Gross Margin % Chart

91APP Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial 75.43 75.10 74.96 74.40 74.24

91APP 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 76.72 73.43 71.87 72.83 77.74

ROCO:6741 vs MSFT, ORCL, PLTR: Gross Margin % Comparison

For the Software - Infrastructure subindustry, 91APP'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.


91APP Gross Margin % vs Software Industry

For the Software industry and Technology sector, 91APP's Gross Margin % distribution charts can be found below:

* The bar in red indicates where 91APP's Gross Margin % falls into.


ROCO:6741
86GF Score
91APP Inc ROCO:6741
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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91APP Gross Margin % Calculation

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

91APP'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 )
=1341.2 / 1806.585
=(Revenue - Cost of Goods Sold) / Revenue
=(1806.585 - 465.37) / 1806.585
=74.24 %

91APP'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 )
=427.8 / 550.319
=(Revenue - Cost of Goods Sold) / Revenue
=(550.319 - 122.48) / 550.319
=77.74 %

* 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 77.74% mean?
91APP (ROCO:6741) has a Gross Margin % of 77.74% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on 91APP and its competitors. This is near median its historical median of 74.32. Over the past decade, 91APP's Gross Margin % has ranged from 66.87 to 75.43. According to the industry distribution chart, 91APP ranks #431 out of 2681 companies in the Software industry, placing it in the top 16.1%.
Is 91APP's Gross Margin % too high?
91APP's current Gross Margin % of 77.74% is near median its 10-year median of 74.32. Over the past 10 years, this metric has ranged from a low of 66.87 to a high of 75.43. The Software industry median Gross Margin % is 40.41. 91APP's value of 77.74% is 92.4% above this industry median. Based on the distribution chart, 91APP ranks #431 out of 2681 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, 91APP has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 91APP's Gross Margin % compare to MSFT and ORCL?
According to the Software industry distribution chart, 91APP ranks #431 out of 2681 companies for Gross Margin %. This places 91APP in the top 16% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 40.41. 91APP's value of 77.74% is 92.4% above this benchmark. Historically, 91APP's own Gross Margin % has ranged from 66.87 to 75.43 over the past decade. While the company's 10-year median is 74.32 vs. the industry median of 40.41, 91APP 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 Software company?
The median Gross Margin % among Software companies is 40.41, based on 2,681 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. 91APP's current Gross Margin % of 77.74% is 92.4% 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 91APP and its competitors. For the Software industry, the median Gross Margin % is 40.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 91APP's current Gross Margin % is 77.74%, which is near median its own 10-year median of 74.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 91APP stock overvalued right now?
Based on GuruFocus' analysis, 91APP (ROCO:6741) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$134.08, compared to a current price of NT$61.00 — trading 54.5% below its estimated fair value. The current Gross Margin % is 77.74%, which is near median its 10-year median of 74.32 and 92.4% above the Software industry median of 40.41. 91APP's overall GF Score™ is 86/100 with 1 warning sign 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 91APP (ROCO:6741), the current Gross Margin % is 77.74% 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 91APP (ROCO:6741) Overvalued in 2026?

Based on GuruFocus' analysis, 91APP stock appears to be undervalued. The current stock price of NT$61.00 is trading 54.5% below its estimated GF Value™ of NT$134.08. GuruFocus considers 91APP to be Significantly Undervalued.

Key valuation signals for ROCO:6741:

  • Gross Margin %: 77.74% (near median its 10-year median of 74.32)
  • GF Value™: NT$134.08 vs. price of NT$61.00 (54.5% below fair value)
  • GF Score™: 86/100 with 1 warning sign
  • Industry Position: 92.4% above the Software median (#431 of 2681)

No single metric tells the full story. See the ROCO:6741 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


91APP Business Description

Address Lane 768, Bade Road, 6th Floor, No. 5, Section 4, Nangang District, Taipei, TWN, 115
91APP Inc is mainly engaged in the general investment business, software design services and software retail, data processing services, information technology consultancy services, product design, wholesale of computer and business machinery equipment, and other related information technology businesses. It operates through the E-commerce software and marketing services segment, which generates maximum revenue, and the Restaurant software and consulting services segment, which provide e-commerce and digital marketing solutions and smart restaurant technology services. Its products include Commerce Cloud, Marketing Cloud, and 91APP Payments, and solutions include OMO (Online-Merge-Offline), retail digital transformation, and Retail AI jooii. It generates maximum revenue from Taiwan.
86GF Score

Get the complete analysis for ROCO:6741

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

NT$61.00
Price
NT$134.08
GF Value