Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
BRC AsiaSGX:BEC +0.24%100 Gross Margin % is 10.02% as of Mar. 2026, which is 18% above its 10-year median of 8.47. GuruFocus rates SGX:BEC with a GF Score™ of 100/100 and a GF Value™ of S$2.86 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 594 Steel companies, BRC Asia ranks worse than 57.07% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. BRC Asia's Gross Profit for the
six
months ended in Mar. 2026 was S$93 Mil. BRC Asia's Revenue for the
six
months ended in Mar. 2026 was S$931 Mil. Therefore, BRC Asia's Gross Margin % for the quarter that ended in Mar. 2026 was 10.02%.
The historical rank and industry rank for BRC Asia's Gross Margin % or its related term are showing as below:
SGX:BEC'
s Gross Margin % Range Over the Past 10 Years
Min: 6.25 Med: 8.47 Max: 10.8
Current: 10.49
During the past 13 years, the highestGross Margin % of BRC Asia was 10.80%. The lowest was 6.25%. And the median was 8.47%.
SGX:BEC's Gross Margin % is ranked worse than 57.07% of 594
companies
in the Steel industry
Industry Median: 12.55
vs SGX:BEC: 10.49
BRC Asia had a gross margin of 10.02% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for BRC Asia was 2.50% per year.
BRC Asia (SGX:BEC) 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
BRC Asia had a gross margin of 10.02% for the quarter that ended in Mar. 2026 => No sustainable 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.
BRC Asia Gross Margin % Related Terms
BRC Asia Gross Margin % Historical Data
* Premium members only.
The historical data trend for BRC Asia'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:BEC vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, BRC Asia'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.
BRC Asia Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, BRC Asia's Gross Margin % distribution charts can be found below:
* The bar in red indicates where BRC Asia'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.
BRC Asia (SGX:BEC) has a Gross Margin % of 10.02% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on BRC Asia and its competitors. This is 18% above median its historical median of 8.47. Over the past decade, BRC Asia's Gross Margin % has ranged from 6.25 to 10.80. According to the industry distribution chart, BRC Asia ranks #339 out of 594 companies in the Steel industry, placing it in the top 57.1%.
Is BRC Asia's Gross Margin % too high?
BRC Asia's current Gross Margin % of 10.02% is 18% above median its 10-year median of 8.47. Over the past 10 years, this metric has ranged from a low of 6.25 to a high of 10.80. The Steel industry median Gross Margin % is 12.55. BRC Asia's value of 10.02% is 20.2% below this industry median. Based on the distribution chart, BRC Asia ranks #339 out of 594 companies in the Steel industry, which is below the industry midpoint. Overall, BRC Asia has a GF Score™ of 100/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BRC Asia's Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, BRC Asia ranks #339 out of 594 companies for Gross Margin %. This places BRC Asia in the lower half of its industry. The industry median Gross Margin % is 12.55. BRC Asia's value of 10.02% is 20.2% below this benchmark. Historically, BRC Asia's own Gross Margin % has ranged from 6.25 to 10.80 over the past decade. While the company's 10-year median is 8.47 vs. the industry median of 12.55, BRC Asia 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 Steel company?
The median Gross Margin % among Steel companies is 12.55, based on 594 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. BRC Asia's current Gross Margin % of 10.02% is 20.2% 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 BRC Asia and its competitors. For the Steel industry, the median Gross Margin % is 12.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BRC Asia's current Gross Margin % is 10.02%, which is 18% above median its own 10-year median of 8.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BRC Asia stock overvalued right now?
Based on GuruFocus' analysis, BRC Asia (SGX:BEC) is currently considered Significantly Overvalued. The stock's GF Value™ is S$2.86, compared to a current price of S$4.20 — trading 46.9% above its estimated fair value. The current Gross Margin % is 10.02%, which is 18% above median its 10-year median of 8.47 and 20.2% below the Steel industry median of 12.55. BRC Asia's overall GF Score™ is 100/100 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 BRC Asia (SGX:BEC), the current Gross Margin % is 10.02% 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 BRC Asia (SGX:BEC) Overvalued in 2026?
Based on GuruFocus' analysis, BRC Asia stock appears to be overvalued.
The current stock price of S$4.20 is trading 46.9% above its estimated GF Value™ of S$2.86.
GuruFocus considers BRC Asia to be Significantly Overvalued.
Key valuation signals for SGX:BEC:
Gross Margin %: 10.02% (18% above median its 10-year median of 8.47)
GF Value™: S$2.86 vs. price of S$4.20 (46.9% above fair value)
Industry Position: 20.2% below the Steel median (#339 of 594)
No single metric tells the full story. See the SGX:BEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BRC Asia Ltd is principally engaged in the prefabrication of steel reinforcement for use in concrete, trading of steel reinforcing bars, and manufacturing and sale of wire mesh fences. The company's reportable segments are: (i) The fabrication and manufacturing segment is involved in the business of processing and prefabrication of steel reinforcement, including sale of standard-length rebar, for use in concrete. (ii) Trading segment is involved in trading of steel and steel related products in both domestic and international market. (iii) Others relates to leasing of properties. The majority of the company's revenue is derived from the Fabrication and manufacturing segment. Geographically, it derives the maximum revenue from Singapore.
100GF Score
Get the complete analysis for SGX:BEC
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SGX:BEC has been successfully added to your 
