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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.
Ningbo Orient Wires & Cables CoSHSE:603606 -0.48%91 Gross Margin % is 23.56% as of Mar. 2026, which is 6% above its 10-year median of 22.25. GuruFocus rates SHSE:603606 with a GF Score™ of 91/100 and a GF Value™ of ¥62.17 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 3,000 Industrial Products companies, Ningbo Orient Wires & Cables Co ranks worse than 61.3% on this metric.
SHSE:603606's Gross Margin % is ranked worse than 61.3% of 3000
companies
in the Industrial Products industry
Industry Median: 26.82
vs SHSE:603606: 22.79
Ningbo Orient Wires & Cables Co had a gross margin of 23.56% for the quarter that ended in Mar. 2026 => Competition eroding margins
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
Ningbo Orient Wires & Cables Co had a gross margin of 23.56% 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.
Ningbo Orient Wires & Cables Co Gross Margin % Related Terms
Ningbo Orient Wires & Cables 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.
Ningbo Orient Wires & Cables Co Gross Margin % Chart
For the Electrical Equipment & Parts subindustry, Ningbo Orient Wires & Cables 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.
Ningbo Orient Wires & Cables Co Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ningbo Orient Wires & Cables Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ningbo Orient Wires & Cables 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.
Ningbo Orient Wires & Cables Co (SHSE:603606) has a Gross Margin % of 23.56% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Ningbo Orient Wires & Cables Co and its competitors. This is near median its historical median of 22.25. Over the past decade, Ningbo Orient Wires & Cables Co's Gross Margin % has ranged from 12.31 to 30.55. According to the industry distribution chart, Ningbo Orient Wires & Cables Co ranks #1839 out of 3000 companies in the Industrial Products industry, placing it in the top 61.3%.
Is Ningbo Orient Wires & Cables Co's Gross Margin % too high?
Ningbo Orient Wires & Cables Co's current Gross Margin % of 23.56% is near median its 10-year median of 22.25. Over the past 10 years, this metric has ranged from a low of 12.31 to a high of 30.55. The Industrial Products industry median Gross Margin % is 26.82. Ningbo Orient Wires & Cables Co's value of 23.56% is 12.2% below this industry median. Based on the distribution chart, Ningbo Orient Wires & Cables Co ranks #1839 out of 3000 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Ningbo Orient Wires & Cables Co has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Orient Wires & Cables Co's Gross Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ningbo Orient Wires & Cables Co ranks #1839 out of 3000 companies for Gross Margin %. This places Ningbo Orient Wires & Cables Co in the lower half of its industry. The industry median Gross Margin % is 26.82. Ningbo Orient Wires & Cables Co's value of 23.56% is 12.2% below this benchmark. Historically, Ningbo Orient Wires & Cables Co's own Gross Margin % has ranged from 12.31 to 30.55 over the past decade. While the company's 10-year median is 22.25 vs. the industry median of 26.82, Ningbo Orient Wires & Cables Co 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 an Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.82, based on 3,000 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. Ningbo Orient Wires & Cables Co's current Gross Margin % of 23.56% is 12.2% 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 Ningbo Orient Wires & Cables 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. Ningbo Orient Wires & Cables Co's current Gross Margin % is 23.56%, which is near median its own 10-year median of 22.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Orient Wires & Cables Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Orient Wires & Cables Co (SHSE:603606) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥62.17, compared to a current price of ¥39.06 — trading 37.2% below its estimated fair value. The current Gross Margin % is 23.56%, which is near median its 10-year median of 22.25 and 12.2% below the Industrial Products industry median of 26.82. Ningbo Orient Wires & Cables Co's overall GF Score™ is 91/100 with 3 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 Ningbo Orient Wires & Cables Co (SHSE:603606), the current Gross Margin % is 23.56% 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 Ningbo Orient Wires & Cables Co (SHSE:603606) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Orient Wires & Cables Co stock appears to be undervalued.
The current stock price of ¥39.06 is trading 37.2% below its estimated GF Value™ of ¥62.17.
GuruFocus considers Ningbo Orient Wires & Cables Co to be Significantly Undervalued.
Key valuation signals for SHSE:603606:
Gross Margin %: 23.56% (near median its 10-year median of 22.25)
GF Value™: ¥62.17 vs. price of ¥39.06 (37.2% below fair value)
Industry Position: 12.2% below the Industrial Products median (#1839 of 3000)
No single metric tells the full story. See the SHSE:603606 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Orient Wires & Cables Co Business Description
Ningbo Orient Wires & Cables Co Ltd is engaged in the research & development, production, and sales of wires and cables; providing customized services for customers of cables for marine engineering.
91GF Score
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