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QuMei Home Furnishings Group CoSHSE:603818 -2.52%48 Gross Margin % is 35.67% as of Mar. 2026, which is 6% below its 10-year median of 37.90. GuruFocus rates SHSE:603818 with a GF Score™ of 48/100 and a GF Value™ of ¥3.66 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 417 Furnishings, Fixtures & Appliances companies, QuMei Home Furnishings Group Co ranks better than 67.39% on this metric.
SHSE:603818's Gross Margin % is ranked better than 67.39% of 417
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 29.49
vs SHSE:603818: 36.63
QuMei Home Furnishings Group Co had a gross margin of 35.67% for the quarter that ended in Mar. 2026 => Competition eroding margins
QuMei Home Furnishings Group Co (SHSE:603818) 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
QuMei Home Furnishings Group Co had a gross margin of 35.67% 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.
QuMei Home Furnishings Group Co Gross Margin % Related Terms
QuMei Home Furnishings Group 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.
QuMei Home Furnishings Group Co Gross Margin % Chart
SHSE:603818 vs SN, SGI, MHK: Gross Margin % Comparison
For the Furnishings, Fixtures & Appliances subindustry, QuMei Home Furnishings Group 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.
QuMei Home Furnishings Group Co Gross Margin % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, QuMei Home Furnishings Group Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where QuMei Home Furnishings Group 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.
QuMei Home Furnishings Group Co (SHSE:603818) has a Gross Margin % of 35.67% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on QuMei Home Furnishings Group Co and its competitors. This is near median its historical median of 37.90. Over the past decade, QuMei Home Furnishings Group Co's Gross Margin % has ranged from 31.53 to 43.59. According to the industry distribution chart, QuMei Home Furnishings Group Co ranks #136 out of 417 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 32.6%.
Is QuMei Home Furnishings Group Co's Gross Margin % too high?
QuMei Home Furnishings Group Co's current Gross Margin % of 35.67% is near median its 10-year median of 37.90. Over the past 10 years, this metric has ranged from a low of 31.53 to a high of 43.59. The Furnishings, Fixtures & Appliances industry median Gross Margin % is 29.49. QuMei Home Furnishings Group Co's value of 35.67% is 21% above this industry median. Based on the distribution chart, QuMei Home Furnishings Group Co ranks #136 out of 417 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, QuMei Home Furnishings Group Co has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does QuMei Home Furnishings Group Co's Gross Margin % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, QuMei Home Furnishings Group Co ranks #136 out of 417 companies for Gross Margin %. This puts QuMei Home Furnishings Group Co in the upper half of its industry. The industry median Gross Margin % is 29.49. QuMei Home Furnishings Group Co's value of 35.67% is 21% above this benchmark. Historically, QuMei Home Furnishings Group Co's own Gross Margin % has ranged from 31.53 to 43.59 over the past decade. While the company's 10-year median is 37.90 vs. the industry median of 29.49, QuMei Home Furnishings Group 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 Furnishings, Fixtures & Appliances company?
The median Gross Margin % among Furnishings, Fixtures & Appliances companies is 29.49, based on 417 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. QuMei Home Furnishings Group Co's current Gross Margin % of 35.67% is 21% 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 QuMei Home Furnishings Group Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Gross Margin % is 29.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. QuMei Home Furnishings Group Co's current Gross Margin % is 35.67%, which is near median its own 10-year median of 37.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is QuMei Home Furnishings Group Co stock overvalued right now?
Based on GuruFocus' analysis, QuMei Home Furnishings Group Co (SHSE:603818) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥3.66, compared to a current price of ¥3.09 — trading 15.6% below its estimated fair value. The current Gross Margin % is 35.67%, which is near median its 10-year median of 37.90 and 21% above the Furnishings, Fixtures & Appliances industry median of 29.49. QuMei Home Furnishings Group Co's overall GF Score™ is 48/100 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 QuMei Home Furnishings Group Co (SHSE:603818), the current Gross Margin % is 35.67% 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 QuMei Home Furnishings Group Co (SHSE:603818) Overvalued in 2026?
Based on GuruFocus' analysis, QuMei Home Furnishings Group Co stock appears to be undervalued.
The current stock price of ¥3.09 is trading 15.6% below its estimated GF Value™ of ¥3.66.
GuruFocus considers QuMei Home Furnishings Group Co to be Modestly Undervalued.
Key valuation signals for SHSE:603818:
Gross Margin %: 35.67% (near median its 10-year median of 37.90)
GF Value™: ¥3.66 vs. price of ¥3.09 (15.6% below fair value)
Industry Position: 21% above the Furnishings, Fixtures & Appliances median (#136 of 417)
No single metric tells the full story. See the SHSE:603818 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
QuMei Home Furnishings Group Co Business Description
QuMei Home Furnishings Group Co Ltd is mainly engaged in the design, production, and sales of medium and high-end civilian furniture and supporting household products, providing consumers with a whole home. It offers wooden furniture including solid wood furniture, man-made board furniture, and integrated furniture. Its products are divided into custom furniture, finished furniture and home accessories by category, divided into solid wood and board wood according to materials.
48GF Score
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