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Fortress MineralsSGX:OAJ -6.00%55 Gross Margin % is 64.27% as of May. 2026, which is 1% below its 10-year median of 64.92. GuruFocus rates SGX:OAJ with a GF Score™ of 55/100 and a GF Value™ of S$0.33 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 596 Steel companies, Fortress Minerals ranks better than 97.15% on this metric.
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
Fortress Minerals had a gross margin of 64.27% for the quarter that ended in May. 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.
Fortress Minerals Gross Margin % Related Terms
Fortress Minerals Gross Margin % Historical Data
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The historical data trend for Fortress Minerals'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:OAJ vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, Fortress Minerals'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.
Fortress Minerals Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Fortress Minerals's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Fortress Minerals'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.
Fortress Minerals (SGX:OAJ) has a Gross Margin % of 64.27% as of May. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Fortress Minerals and its competitors. This is near median its historical median of 64.92. Over the past decade, Fortress Minerals' Gross Margin % has ranged from 58.07 to 76.97. According to the industry distribution chart, Fortress Minerals ranks #17 out of 596 companies in the Steel industry, placing it in the top 2.9%.
Is Fortress Minerals' Gross Margin % too high?
Fortress Minerals' current Gross Margin % of 64.27% is near median its 10-year median of 64.92. Over the past 10 years, this metric has ranged from a low of 58.07 to a high of 76.97. The Steel industry median Gross Margin % is 12.62. Fortress Minerals' value of 64.27% is 409.3% above this industry median. Based on the distribution chart, Fortress Minerals ranks #17 out of 596 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Fortress Minerals has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fortress Minerals' Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Fortress Minerals ranks #17 out of 596 companies for Gross Margin %. This places Fortress Minerals in the top 3% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 12.62. Fortress Minerals' value of 64.27% is 409.3% above this benchmark. Historically, Fortress Minerals' own Gross Margin % has ranged from 58.07 to 76.97 over the past decade. While the company's 10-year median is 64.92 vs. the industry median of 12.62, Fortress Minerals 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 Steel company?
The median Gross Margin % among Steel companies is 12.62, based on 596 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. Fortress Minerals's current Gross Margin % of 64.27% is 409.3% 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 Fortress Minerals and its competitors. For the Steel industry, the median Gross Margin % is 12.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortress Minerals's current Gross Margin % is 64.27%, which is near median its own 10-year median of 64.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortress Minerals stock overvalued right now?
Based on GuruFocus' analysis, Fortress Minerals (SGX:OAJ) is currently considered Modestly Undervalued. The stock's GF Value™ is S$0.33, compared to a current price of S$0.24 — trading 28.8% below its estimated fair value. The current Gross Margin % is 64.27%, which is near median its 10-year median of 64.92 and 409.3% above the Steel industry median of 12.62. Fortress Minerals' overall GF Score™ is 55/100 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 Fortress Minerals (SGX:OAJ), the current Gross Margin % is 64.27% as of May. 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 Fortress Minerals (SGX:OAJ) Overvalued in 2026?
Based on GuruFocus' analysis, Fortress Minerals stock appears to be undervalued.
The current stock price of S$0.24 is trading 28.8% below its estimated GF Value™ of S$0.33.
GuruFocus considers Fortress Minerals to be Modestly Undervalued.
Key valuation signals for SGX:OAJ:
Gross Margin %: 64.27% (near median its 10-year median of 64.92)
GF Value™: S$0.33 vs. price of S$0.24 (28.8% below fair value)
Industry Position: 409.3% above the Steel median (#17 of 596)
No single metric tells the full story. See the SGX:OAJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortress Minerals Ltd is an iron ore concentrate miner and exporter in Malaysia. The company engages in the exploration, mining, production, and sale of iron ore with low levels of impurities. It mines the iron ore from its East, Valley, and West Deposits of Bukit Besi Mine situated in the district of Dungun, state of Terengganu in Malaysia. It derives revenue from the sale of iron ore.
55GF Score
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