Henan Pinggao Electric CoSHSE:600312 -3.80%87 Gross Margin % is 29.42% as of Mar. 2026, which is 54% above its 10-year median of 19.09. GuruFocus rates SHSE:600312 with a GF Score™ of 87/100 and a GF Value™ of ¥16.93 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,992 Industrial Products companies, Henan Pinggao Electric Co ranks worse than 56.99% on this metric.
SHSE:600312's Gross Margin % is ranked worse than 56.99% of 2992
companies
in the Industrial Products industry
Industry Median: 26.82
vs SHSE:600312: 24.03
Henan Pinggao Electric Co had a gross margin of 29.42% for the quarter that ended in Mar. 2026 => Competition eroding margins
Henan Pinggao Electric Co (SHSE:600312) 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
Henan Pinggao Electric Co had a gross margin of 29.42% 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.
Henan Pinggao Electric Co Gross Margin % Related Terms
Henan Pinggao Electric Co Gross Margin % Historical Data
* 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.
For the Electrical Equipment & Parts subindustry, Henan Pinggao Electric Co'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.
Henan Pinggao Electric Co Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Henan Pinggao Electric Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Henan Pinggao Electric Co'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.
Henan Pinggao Electric Co (SHSE:600312) has a Gross Margin % of 29.42% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Henan Pinggao Electric Co and its competitors. This is 54% above median its historical median of 19.09. Over the past decade, Henan Pinggao Electric Co's Gross Margin % has ranged from 12.00 to 28.25. According to the industry distribution chart, Henan Pinggao Electric Co ranks #1705 out of 2992 companies in the Industrial Products industry, placing it in the top 57%.
Is Henan Pinggao Electric Co's Gross Margin % too high?
Henan Pinggao Electric Co's current Gross Margin % of 29.42% is 54% above median its 10-year median of 19.09. Over the past 10 years, this metric has ranged from a low of 12.00 to a high of 28.25. The Industrial Products industry median Gross Margin % is 26.82. Henan Pinggao Electric Co's value of 29.42% is 9.7% above this industry median. Based on the distribution chart, Henan Pinggao Electric Co ranks #1705 out of 2992 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Henan Pinggao Electric Co has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Henan Pinggao Electric Co's Gross Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Henan Pinggao Electric Co ranks #1705 out of 2992 companies for Gross Margin %. This places Henan Pinggao Electric Co in the lower half of its industry. The industry median Gross Margin % is 26.82. Henan Pinggao Electric Co's value of 29.42% is 9.7% above this benchmark. Historically, Henan Pinggao Electric Co's own Gross Margin % has ranged from 12.00 to 28.25 over the past decade. While the company's 10-year median is 19.09 vs. the industry median of 26.82, Henan Pinggao Electric Co 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 an Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.82, based on 2,992 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. Henan Pinggao Electric Co's current Gross Margin % of 29.42% is 9.7% 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 Henan Pinggao Electric Co and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Henan Pinggao Electric Co's current Gross Margin % is 29.42%, which is 54% above median its own 10-year median of 19.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henan Pinggao Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Henan Pinggao Electric Co (SHSE:600312) is currently considered Fairly Valued. The stock's GF Value™ is ¥16.93, compared to a current price of ¥16.97 — trading 0.2% above its estimated fair value. The current Gross Margin % is 29.42%, which is 54% above median its 10-year median of 19.09 and 9.7% above the Industrial Products industry median of 26.82. Henan Pinggao Electric Co's overall GF Score™ is 87/100 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 Henan Pinggao Electric Co (SHSE:600312), the current Gross Margin % is 29.42% 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 Henan Pinggao Electric Co (SHSE:600312) Overvalued in 2026?
Based on GuruFocus' analysis, Henan Pinggao Electric Co stock appears to be overvalued.
The current stock price of ¥16.97 is trading 0.2% above its estimated GF Value™ of ¥16.93.
GuruFocus considers Henan Pinggao Electric Co to be Fairly Valued.
Key valuation signals for SHSE:600312:
Gross Margin %: 29.42% (54% above median its 10-year median of 19.09)
GF Value™: ¥16.93 vs. price of ¥16.97 (0.2% above fair value)
Industry Position: 9.7% above the Industrial Products median (#1705 of 2992)
No single metric tells the full story. See the SHSE:600312 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Henan Pinggao Electric Co Ltd is engaged in the manufacture of high and ultrahigh voltage switchgear. The company's products include 40.5~550 kV high voltage SF6 open circuit breakers, and 72.5~550 kV SF6 gas-insulated metal-enclosed switchgear.
87GF Score
Get the complete analysis for SHSE:600312
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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