Triangle Tyre CoSHSE:601163 +0.86%84 Gross Margin % is 20.08% as of Mar. 2026, which is 3% below its 10-year median of 20.68. GuruFocus rates SHSE:601163 with a GF Score™ of 84/100 and a GF Value™ of ¥14.77 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,307 Vehicles & Parts companies, Triangle Tyre Co ranks better than 53.79% on this metric.
The historical rank and industry rank for Triangle Tyre Co's Gross Margin % or its related term are showing as below:
SHSE:601163'
s Gross Margin % Range Over the Past 10 Years
Min: 14.29 Med: 20.68 Max: 25.58
Current: 21.05
During the past 13 years, the highestGross Margin % of Triangle Tyre Co was 25.58%. The lowest was 14.29%. And the median was 20.68%.
SHSE:601163's Gross Margin % is ranked better than 53.79% of 1307
companies
in the Vehicles & Parts industry
Industry Median: 19.87
vs SHSE:601163: 21.05
Triangle Tyre Co had a gross margin of 20.08% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Triangle Tyre Co was -0.40% per year.
Triangle Tyre Co (SHSE:601163) 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
Triangle Tyre Co had a gross margin of 20.08% 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.
Triangle Tyre Co Gross Margin % Related Terms
Triangle Tyre Co Gross Margin % Historical Data
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The historical data trend for Triangle Tyre Co'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.
SHSE:601163 vs ORLY, AZO: Gross Margin % Comparison
For the Auto Parts subindustry, Triangle Tyre 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.
Triangle Tyre Co Gross Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Triangle Tyre Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Triangle Tyre 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.
Triangle Tyre Co (SHSE:601163) has a Gross Margin % of 20.08% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Triangle Tyre Co and its competitors. This is near median its historical median of 20.68. Over the past decade, Triangle Tyre Co's Gross Margin % has ranged from 14.29 to 25.58. According to the industry distribution chart, Triangle Tyre Co ranks #604 out of 1307 companies in the Vehicles & Parts industry, placing it in the top 46.2%.
Is Triangle Tyre Co's Gross Margin % too high?
Triangle Tyre Co's current Gross Margin % of 20.08% is near median its 10-year median of 20.68. Over the past 10 years, this metric has ranged from a low of 14.29 to a high of 25.58. The Vehicles & Parts industry median Gross Margin % is 19.87. Triangle Tyre Co's value of 20.08% is 1.1% above this industry median. Based on the distribution chart, Triangle Tyre Co ranks #604 out of 1307 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Triangle Tyre Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Triangle Tyre Co's Gross Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Triangle Tyre Co ranks #604 out of 1307 companies for Gross Margin %. This puts Triangle Tyre Co in the upper half of its industry. The industry median Gross Margin % is 19.87. Triangle Tyre Co's value of 20.08% is 1.1% above this benchmark. Historically, Triangle Tyre Co's own Gross Margin % has ranged from 14.29 to 25.58 over the past decade. While the company's 10-year median is 20.68 vs. the industry median of 19.87, Triangle Tyre 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 a Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.87, based on 1,307 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. Triangle Tyre Co's current Gross Margin % of 20.08% is 1.1% 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 Triangle Tyre Co and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Triangle Tyre Co's current Gross Margin % is 20.08%, which is near median its own 10-year median of 20.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Triangle Tyre Co stock overvalued right now?
Based on GuruFocus' analysis, Triangle Tyre Co (SHSE:601163) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.77, compared to a current price of ¥12.93 — trading 12.5% below its estimated fair value. The current Gross Margin % is 20.08%, which is near median its 10-year median of 20.68 and 1.1% above the Vehicles & Parts industry median of 19.87. Triangle Tyre Co's overall GF Score™ is 84/100 with 5 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 Triangle Tyre Co (SHSE:601163), the current Gross Margin % is 20.08% 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 Triangle Tyre Co (SHSE:601163) Overvalued in 2026?
Based on GuruFocus' analysis, Triangle Tyre Co stock appears to be undervalued.
The current stock price of ¥12.93 is trading 12.5% below its estimated GF Value™ of ¥14.77.
GuruFocus considers Triangle Tyre Co to be Modestly Undervalued.
Key valuation signals for SHSE:601163:
Gross Margin %: 20.08% (near median its 10-year median of 20.68)
GF Value™: ¥14.77 vs. price of ¥12.93 (12.5% below fair value)
Industry Position: 1.1% above the Vehicles & Parts median (#604 of 1307)
No single metric tells the full story. See the SHSE:601163 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Triangle Tyre Co Ltd is a tire manufacturing company. Its range of products covers commercial tires, passenger tires, bias OTR tires, radial OTR tires, jumbo OTR tires and others. It holds enormous foreign and Chinese patent portfolio and plays the key role in setting national and professional tire industry standards. Further, it has built a global partnership with various brands such as Caterpillar, Terex, Doosan, Hyundai and Volvo and others. Geographically, its presence is seen in both Chinese and international market.
84GF Score
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