Royal Unibrew ASROYUY 72 Gross Margin % is 40.59% as of Mar. 2026, which is 18% below its 10-year median of 49.64. GuruFocus rates ROYUY with a GF Score™ of 72/100 and a GF Value™ of $9.46 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 206 Beverages - Alcoholic companies, Royal Unibrew AS ranks better than 53.88% on this metric.
Royal Unibrew AS gross margin has been in long-term decline. The average rate of decline per year is -3.5%.
The historical rank and industry rank for Royal Unibrew AS's Gross Margin % or its related term are showing as below:
ROYUY'
s Gross Margin % Range Over the Past 10 Years
Min: 41.73 Med: 49.64 Max: 53.04
Current: 43.13
During the past 13 years, the highestGross Margin % of Royal Unibrew AS was 53.04%. The lowest was 41.73%. And the median was 49.64%.
ROYUY's Gross Margin % is ranked better than 53.88% of 206
companies
in the Beverages - Alcoholic industry
Industry Median: 42.245
vs ROYUY: 43.13
Royal Unibrew AS had a gross margin of 40.59% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Royal Unibrew AS was -3.50% per year.
Royal Unibrew AS (OTCPK:ROYUY) 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
Royal Unibrew AS had a gross margin of 40.59% for the quarter that ended in Mar. 2026 => 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.
Royal Unibrew AS Gross Margin % Related Terms
Royal Unibrew AS Gross Margin % Historical Data
* Premium members only.
The historical data trend for Royal Unibrew AS'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 Beverages - Brewers subindustry, Royal Unibrew AS'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.
Royal Unibrew AS Gross Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Royal Unibrew AS's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Royal Unibrew AS'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.
Royal Unibrew AS (ROYUY) has a Gross Margin % of 40.59% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Royal Unibrew AS and its competitors. This is 18% below median its historical median of 49.64. Over the past decade, Royal Unibrew AS's Gross Margin % has ranged from 41.73 to 53.04. According to the industry distribution chart, Royal Unibrew AS ranks #95 out of 206 companies in the Beverages - Alcoholic industry, placing it in the top 46.1%.
Is Royal Unibrew AS's Gross Margin % too high?
Royal Unibrew AS's current Gross Margin % of 40.59% is 18% below median its 10-year median of 49.64. Over the past 10 years, this metric has ranged from a low of 41.73 to a high of 53.04. The Beverages - Alcoholic industry median Gross Margin % is 42.25. Royal Unibrew AS's value of 40.59% is 3.9% below this industry median. Based on the distribution chart, Royal Unibrew AS ranks #95 out of 206 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Royal Unibrew AS has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Royal Unibrew AS's Gross Margin % compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Royal Unibrew AS ranks #95 out of 206 companies for Gross Margin %. This puts Royal Unibrew AS in the upper half of its industry. The industry median Gross Margin % is 42.25. Royal Unibrew AS's value of 40.59% is 3.9% below this benchmark. Historically, Royal Unibrew AS's own Gross Margin % has ranged from 41.73 to 53.04 over the past decade. While the company's 10-year median is 49.64 vs. the industry median of 42.25, Royal Unibrew AS 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 Beverages - Alcoholic company?
The median Gross Margin % among Beverages - Alcoholic companies is 42.25, based on 206 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. Royal Unibrew AS's current Gross Margin % of 40.59% is 3.9% 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 Royal Unibrew AS and its competitors. For the Beverages - Alcoholic industry, the median Gross Margin % is 42.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Unibrew AS's current Gross Margin % is 40.59%, which is 18% below median its own 10-year median of 49.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Unibrew AS stock overvalued right now?
Based on GuruFocus' analysis, Royal Unibrew AS (ROYUY) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.46, compared to a current price of $6.85 — trading 27.6% below its estimated fair value. The current Gross Margin % is 40.59%, which is 18% below median its 10-year median of 49.64 and 3.9% below the Beverages - Alcoholic industry median of 42.25. Royal Unibrew AS's overall GF Score™ is 72/100 with 6 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 Royal Unibrew AS (ROYUY), the current Gross Margin % is 40.59% 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 Royal Unibrew AS (ROYUY) Overvalued in 2026?
Based on GuruFocus' analysis, Royal Unibrew AS stock appears to be undervalued.
The current stock price of $6.85 is trading 27.6% below its estimated GF Value™ of $9.46.
GuruFocus considers Royal Unibrew AS to be Modestly Undervalued.
Key valuation signals for ROYUY:
Gross Margin %: 40.59% (18% below median its 10-year median of 49.64)
GF Value™: $9.46 vs. price of $6.85 (27.6% below fair value)
Industry Position: 3.9% below the Beverages - Alcoholic median (#95 of 206)
No single metric tells the full story. See the ROYUY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royal Unibrew AS manufactures and sells beverages, including beer, malt beverages, cider, soft drinks, juice, and water. The company produces and distributes its own brands and partner brands, with its largest licensing agreements with PepsiCo and Heineken. Royal Unibrew was founded in 1989 and listed on the Copenhagen stock exchange in 1998.In 2024, Royal Unibrew took over PepsiCo's beverage business in Luxembourg and Belgium. In 2025, Royal Unibrew finalized its acquisition of Pernod Ricard's portfolio of Nordic brands, including spirits, liqueurs, and wines.
72GF Score
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