Cortina Holdings (SGX:C41) Gross Margin %: 32.07% (As of Mar. 2026) — Near Median

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SGX:C41 Cortina Holdings Ltd SGX:C41
95 GF Score
Price S$3.84
GF Value S$3.89
Valuation Fairly Valued
! 7 Warning Signs
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What is Cortina Holdings Gross Margin %?

Cortina Holdings SGX:C41 95 Gross Margin % is 32.07% as of Mar. 2026, which is 5% above its 10-year median of 30.51. GuruFocus rates SGX:C41 with a GF Score™ of 95/100 and a GF Value™ of S$3.89 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,119 Retail - Cyclical companies, Cortina Holdings ranks worse than 58.18% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Cortina Holdings's Gross Profit for the six months ended in Mar. 2026 was S$163.6 Mil. Cortina Holdings's Revenue for the six months ended in Mar. 2026 was S$510.3 Mil. Therefore, Cortina Holdings's Gross Margin % for the quarter that ended in Mar. 2026 was 32.07%.


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

SGX:C41' s Gross Margin % Range Over the Past 10 Years
Min: 22.93   Med: 30.51   Max: 33.32
Current: 31.92


During the past 13 years, the highest Gross Margin % of Cortina Holdings was 33.32%. The lowest was 22.93%. And the median was 30.51%.

SGX:C41's Gross Margin % is ranked worse than
58.18% of 1119 companies
in the Retail - Cyclical industry
Industry Median: 36.29 vs SGX:C41: 31.92

Cortina Holdings had a gross margin of 32.07% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Cortina Holdings was 1.30% per year.


Cortina Holdings  (SGX:C41) 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

Cortina Holdings had a gross margin of 32.07% for the quarter that ended in Mar. 2026 => 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.


Cortina Holdings Gross Margin % Related Terms


Cortina Holdings Gross Margin % Historical Data

* Premium members only.

The historical data trend for Cortina Holdings'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.

Cortina Holdings Gross Margin % Chart

Cortina Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.87 32.92 33.32 32.48 31.92

Cortina Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 33.34 32.23 32.71 31.76 32.07

SGX:C41 vs TPR: Gross Margin % Comparison

For the Luxury Goods subindustry, Cortina Holdings'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.


Cortina Holdings Gross Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Cortina Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Cortina Holdings's Gross Margin % falls into.


SGX:C41
95GF Score
Cortina Holdings Ltd SGX:C41
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Cortina Holdings Gross Margin % Calculation

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

Cortina Holdings's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=312.5 / 978.968
=(Revenue - Cost of Goods Sold) / Revenue
=(978.968 - 666.446) / 978.968
=31.92 %

Cortina Holdings's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=163.6 / 510.251
=(Revenue - Cost of Goods Sold) / Revenue
=(510.251 - 346.615) / 510.251
=32.07 %

* 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 32.07% mean?
Cortina Holdings (SGX:C41) has a Gross Margin % of 32.07% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Cortina Holdings and its competitors. This is near median its historical median of 30.51. Over the past decade, Cortina Holdings' Gross Margin % has ranged from 22.93 to 33.32. According to the industry distribution chart, Cortina Holdings ranks #651 out of 1119 companies in the Retail - Cyclical industry, placing it in the top 58.2%.
Is Cortina Holdings' Gross Margin % too high?
Cortina Holdings' current Gross Margin % of 32.07% is near median its 10-year median of 30.51. Over the past 10 years, this metric has ranged from a low of 22.93 to a high of 33.32. The Retail - Cyclical industry median Gross Margin % is 36.29. Cortina Holdings' value of 32.07% is 11.6% below this industry median. Based on the distribution chart, Cortina Holdings ranks #651 out of 1119 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Cortina Holdings has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cortina Holdings' Gross Margin % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Cortina Holdings ranks #651 out of 1119 companies for Gross Margin %. This places Cortina Holdings in the lower half of its industry. The industry median Gross Margin % is 36.29. Cortina Holdings' value of 32.07% is 11.6% below this benchmark. Historically, Cortina Holdings' own Gross Margin % has ranged from 22.93 to 33.32 over the past decade. While the company's 10-year median is 30.51 vs. the industry median of 36.29, Cortina Holdings 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 Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.29, based on 1,119 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. Cortina Holdings's current Gross Margin % of 32.07% is 11.6% 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 Cortina Holdings and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cortina Holdings's current Gross Margin % is 32.07%, which is near median its own 10-year median of 30.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cortina Holdings stock overvalued right now?
Based on GuruFocus' analysis, Cortina Holdings (SGX:C41) is currently considered Fairly Valued. The stock's GF Value™ is S$3.89, compared to a current price of S$3.84 — trading 1.3% below its estimated fair value. The current Gross Margin % is 32.07%, which is near median its 10-year median of 30.51 and 11.6% below the Retail - Cyclical industry median of 36.29. Cortina Holdings' overall GF Score™ is 95/100 with 7 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 Cortina Holdings (SGX:C41), the current Gross Margin % is 32.07% 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 Cortina Holdings (SGX:C41) Overvalued in 2026?

Based on GuruFocus' analysis, Cortina Holdings stock appears to be undervalued. The current stock price of S$3.84 is trading 1.3% below its estimated GF Value™ of S$3.89. GuruFocus considers Cortina Holdings to be Fairly Valued.

Key valuation signals for SGX:C41:

  • Gross Margin %: 32.07% (near median its 10-year median of 30.51)
  • GF Value™: S$3.89 vs. price of S$3.84 (1.3% below fair value)
  • GF Score™: 95/100 with 7 warning signs
  • Industry Position: 11.6% below the Retail - Cyclical median (#651 of 1119)

No single metric tells the full story. See the SGX:C41 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cortina Holdings Business Description

Address 391B Orchard Road, No. 18-01 Ngee Ann City Tower B, Singapore, SGP, 238874
Cortina Holdings Ltd is engaged in the retail and distribution of luxury watches. It operates in two segments, namely Retail and Wholesale. The retail segment, which derives the majority of revenue, involves in retailing of the timepiece, branded pens, and accessories. The wholesale segment is involved in the wholesale of timepieces and luxury branded accessories. Its brands include brands, such as Rolex, Patek Philippe, Cartier, Chopard, H. Moser & Cie, Parmigiani Fleurier, Omega, and more.
95GF Score

Get the complete analysis for SGX:C41

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

S$3.84
Price
S$3.89
GF Value