Hor KewSGX:BBP +4.46%47 Gross Margin % is 26.07% as of Dec. 2025, which is 28% above its 10-year median of 20.39. GuruFocus rates SGX:BBP with a GF Score™ of 47/100 and a GF Value™ of S$0.32 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,721 Construction companies, Hor Kew ranks better than 77.11% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Hor Kew's Gross Profit for the
six
months ended in Dec. 2025 was S$9.49 Mil. Hor Kew's Revenue for the
six
months ended in Dec. 2025 was S$36.39 Mil. Therefore, Hor Kew's Gross Margin % for the quarter that ended in Dec. 2025 was 26.07%.
The historical rank and industry rank for Hor Kew's Gross Margin % or its related term are showing as below:
SGX:BBP'
s Gross Margin % Range Over the Past 10 Years
Min: -30.63 Med: 20.39 Max: 40.04
Current: 35.83
During the past 13 years, the highestGross Margin % of Hor Kew was 40.04%. The lowest was -30.63%. And the median was 20.39%.
SGX:BBP's Gross Margin % is ranked better than 77.11% of 1721
companies
in the Construction industry
Industry Median: 20.73
vs SGX:BBP: 35.83
Hor Kew had a gross margin of 26.07% for the quarter that ended in Dec. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Hor Kew was 14.00% per year.
Hor Kew (SGX:BBP) 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
Hor Kew had a gross margin of 26.07% 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.
Hor Kew Gross Margin % Related Terms
Hor Kew Gross Margin % Historical Data
* Premium members only.
The historical data trend for Hor Kew'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:BBP vs PWR, FIX, EME: Gross Margin % Comparison
For the Engineering & Construction subindustry, Hor Kew'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.
Hor Kew Gross Margin % vs Construction Industry
For the Construction industry and Industrials sector, Hor Kew's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Hor Kew'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.
Hor Kew (SGX:BBP) has a Gross Margin % of 26.07% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Hor Kew and its competitors. This is 28% above median its historical median of 20.39. According to the industry distribution chart, Hor Kew ranks #394 out of 1721 companies in the Construction industry, placing it in the top 22.9%.
Is Hor Kew's Gross Margin % too high?
Hor Kew's current Gross Margin % of 26.07% is 28% above median its 10-year median of 20.39. The Construction industry median Gross Margin % is 20.73. Hor Kew's value of 26.07% is 25.8% above this industry median. Based on the distribution chart, Hor Kew ranks #394 out of 1721 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Hor Kew has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hor Kew's Gross Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, Hor Kew ranks #394 out of 1721 companies for Gross Margin %. This places Hor Kew in the top 23% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 20.73. Hor Kew's value of 26.07% is 25.8% above this benchmark. While the company's 10-year median is 20.39 vs. the industry median of 20.73, Hor Kew 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 Construction company?
The median Gross Margin % among Construction companies is 20.73, based on 1,721 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. Hor Kew's current Gross Margin % of 26.07% is 25.8% 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 Hor Kew and its competitors. For the Construction industry, the median Gross Margin % is 20.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hor Kew's current Gross Margin % is 26.07%, which is 28% above median its own 10-year median of 20.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hor Kew stock overvalued right now?
Based on GuruFocus' analysis, Hor Kew (SGX:BBP) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.32, compared to a current price of S$1.17 — trading 265.6% above its estimated fair value. The current Gross Margin % is 26.07%, which is 28% above median its 10-year median of 20.39 and 25.8% above the Construction industry median of 20.73. Hor Kew's overall GF Score™ is 47/100 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 Hor Kew (SGX:BBP), the current Gross Margin % is 26.07% 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 Hor Kew (SGX:BBP) Overvalued in 2026?
Based on GuruFocus' analysis, Hor Kew stock appears to be overvalued.
The current stock price of S$1.17 is trading 265.6% above its estimated GF Value™ of S$0.32.
GuruFocus considers Hor Kew to be Significantly Overvalued.
Key valuation signals for SGX:BBP:
Gross Margin %: 26.07% (28% above median its 10-year median of 20.39)
GF Value™: S$0.32 vs. price of S$1.17 (265.6% above fair value)
Industry Position: 25.8% above the Construction median (#394 of 1721)
No single metric tells the full story. See the SGX:BBP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hor Kew Corp Ltd is a building construction company that provides construction-related products and services. The company manufactures and supplies prestressed and reinforced concrete building components and prefinished architectural precast components. Its segments include Property investment and development segment that is engaged in the development, sales and leasing of residential, commercial and industrial properties; Prefabrication segment that derives maximum revenue, is engaged in design, manufacture and sales of prestressed and reinforced concrete building components as well as prefabricated architectural metal components and Others segment comprises mainly the Group level corporate services and treasury functions.
47GF Score
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