Old Chang KeeSGX:5ML 45 Gross Margin % is 69.11% as of Mar. 2026, which is 7% above its 10-year median of 64.59. GuruFocus rates SGX:5ML with a GF Score™ of 45/100 and a GF Value™ of S$0.80 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 352 Restaurants companies, Old Chang Kee ranks better than 87.22% on this metric.
The historical rank and industry rank for Old Chang Kee's Gross Margin % or its related term are showing as below:
SGX:5ML'
s Gross Margin % Range Over the Past 10 Years
Min: 61.11 Med: 64.59 Max: 69.24
Current: 69.18
During the past 13 years, the highestGross Margin % of Old Chang Kee was 69.24%. The lowest was 61.11%. And the median was 64.59%.
SGX:5ML's Gross Margin % is ranked better than 87.22% of 352
companies
in the Restaurants industry
Industry Median: 45.685
vs SGX:5ML: 69.18
Old Chang Kee had a gross margin of 69.11% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Old Chang Kee was 1.50% per year.
Old Chang Kee (SGX:5ML) 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
Old Chang Kee had a gross margin of 69.11% 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.
Old Chang Kee Gross Margin % Related Terms
Old Chang Kee Gross Margin % Historical Data
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The historical data trend for Old Chang Kee'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.
SGX:5ML vs MCD, SBUX, YUM: Gross Margin % Comparison
For the Restaurants subindustry, Old Chang Kee'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.
Old Chang Kee Gross Margin % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Old Chang Kee's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Old Chang Kee'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.
Old Chang Kee (SGX:5ML) has a Gross Margin % of 69.11% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Old Chang Kee and its competitors. This is near median its historical median of 64.59. Over the past decade, Old Chang Kee's Gross Margin % has ranged from 61.11 to 69.24. According to the industry distribution chart, Old Chang Kee ranks #45 out of 352 companies in the Restaurants industry, placing it in the top 12.8%.
Is Old Chang Kee's Gross Margin % too high?
Old Chang Kee's current Gross Margin % of 69.11% is near median its 10-year median of 64.59. Over the past 10 years, this metric has ranged from a low of 61.11 to a high of 69.24. The Restaurants industry median Gross Margin % is 45.69. Old Chang Kee's value of 69.11% is 51.3% above this industry median. Based on the distribution chart, Old Chang Kee ranks #45 out of 352 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Old Chang Kee has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Old Chang Kee's Gross Margin % compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Old Chang Kee ranks #45 out of 352 companies for Gross Margin %. This places Old Chang Kee in the top 13% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 45.69. Old Chang Kee's value of 69.11% is 51.3% above this benchmark. Historically, Old Chang Kee's own Gross Margin % has ranged from 61.11 to 69.24 over the past decade. While the company's 10-year median is 64.59 vs. the industry median of 45.69, Old Chang Kee 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 Restaurants company?
The median Gross Margin % among Restaurants companies is 45.69, based on 352 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. Old Chang Kee's current Gross Margin % of 69.11% is 51.3% 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 Old Chang Kee and its competitors. For the Restaurants industry, the median Gross Margin % is 45.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Old Chang Kee's current Gross Margin % is 69.11%, which is near median its own 10-year median of 64.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Old Chang Kee stock overvalued right now?
Based on GuruFocus' analysis, Old Chang Kee (SGX:5ML) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.80, compared to a current price of S$1.15 — trading 43.8% above its estimated fair value. The current Gross Margin % is 69.11%, which is near median its 10-year median of 64.59 and 51.3% above the Restaurants industry median of 45.69. Old Chang Kee's overall GF Score™ is 45/100 with 5 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 Old Chang Kee (SGX:5ML), the current Gross Margin % is 69.11% 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 Old Chang Kee (SGX:5ML) Overvalued in 2026?
Based on GuruFocus' analysis, Old Chang Kee stock appears to be overvalued.
The current stock price of S$1.15 is trading 43.8% above its estimated GF Value™ of S$0.80.
GuruFocus considers Old Chang Kee to be Significantly Overvalued.
Key valuation signals for SGX:5ML:
Gross Margin %: 69.11% (near median its 10-year median of 64.59)
GF Value™: S$0.80 vs. price of S$1.15 (43.8% above fair value)
Industry Position: 51.3% above the Restaurants median (#45 of 352)
No single metric tells the full story. See the SGX:5ML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Old Chang Kee Ltd is engaged in the manufacturing and distribution of food products. The company's products include curry puffs, fishballs, chicken nuggets, and chicken wings. It also provides catering services in Singapore. The company's geographical segments include Singapore, Australia, and Malaysia, and a majority of its revenue is derived from Singapore. The company is engaged in the manufacture and sale of food products under brands such as Old Chang Kee, the Curry Times, and Dip n Go.
45GF Score
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