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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 PIA Automation HoldingSHSE:688306 -4.69%66 Gross Margin % is 18.07% as of Mar. 2026, which is 12% below its 10-year median of 20.44. GuruFocus rates SHSE:688306 with a GF Score™ of 66/100 and a GF Value™ of ¥7.86 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,307 Vehicles & Parts companies, Ningbo PIA Automation Holding ranks better than 53.48% on this metric.
SHSE:688306's Gross Margin % is ranked better than 53.48% of 1307
companies
in the Vehicles & Parts industry
Industry Median: 19.88
vs SHSE:688306: 20.94
Ningbo PIA Automation Holding had a gross margin of 18.07% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Ningbo PIA Automation Holding (SHSE:688306) 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
Ningbo PIA Automation Holding had a gross margin of 18.07% for the quarter that ended in Mar. 2026 => No sustainable 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.
Ningbo PIA Automation Holding Gross Margin % Related Terms
Ningbo PIA Automation Holding 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 PIA Automation Holding Gross Margin % Chart
SHSE:688306 vs ORLY, AZO: Gross Margin % Comparison
For the Auto Parts subindustry, Ningbo PIA Automation Holding'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 PIA Automation Holding Gross Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo PIA Automation Holding's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ningbo PIA Automation Holding'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 PIA Automation Holding (SHSE:688306) has a Gross Margin % of 18.07% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Ningbo PIA Automation Holding and its competitors. This is 12% below median its historical median of 20.44. Over the past decade, Ningbo PIA Automation Holding's Gross Margin % has ranged from 16.71 to 23.24. According to the industry distribution chart, Ningbo PIA Automation Holding ranks #608 out of 1307 companies in the Vehicles & Parts industry, placing it in the top 46.5%.
Is Ningbo PIA Automation Holding's Gross Margin % too high?
Ningbo PIA Automation Holding's current Gross Margin % of 18.07% is 12% below median its 10-year median of 20.44. Over the past 10 years, this metric has ranged from a low of 16.71 to a high of 23.24. The Vehicles & Parts industry median Gross Margin % is 19.88. Ningbo PIA Automation Holding's value of 18.07% is 9.1% below this industry median. Based on the distribution chart, Ningbo PIA Automation Holding ranks #608 out of 1307 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Ningbo PIA Automation Holding has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo PIA Automation Holding's Gross Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Ningbo PIA Automation Holding ranks #608 out of 1307 companies for Gross Margin %. This puts Ningbo PIA Automation Holding in the upper half of its industry. The industry median Gross Margin % is 19.88. Ningbo PIA Automation Holding's value of 18.07% is 9.1% below this benchmark. Historically, Ningbo PIA Automation Holding's own Gross Margin % has ranged from 16.71 to 23.24 over the past decade. While the company's 10-year median is 20.44 vs. the industry median of 19.88, Ningbo PIA Automation Holding 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 a Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.88, 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. Ningbo PIA Automation Holding's current Gross Margin % of 18.07% is 9.1% 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 PIA Automation Holding and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo PIA Automation Holding's current Gross Margin % is 18.07%, which is 12% below median its own 10-year median of 20.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo PIA Automation Holding stock overvalued right now?
Based on GuruFocus' analysis, Ningbo PIA Automation Holding (SHSE:688306) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥7.86, compared to a current price of ¥8.74 — trading 11.2% above its estimated fair value. The current Gross Margin % is 18.07%, which is 12% below median its 10-year median of 20.44 and 9.1% below the Vehicles & Parts industry median of 19.88. Ningbo PIA Automation Holding's overall GF Score™ is 66/100 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 Ningbo PIA Automation Holding (SHSE:688306), the current Gross Margin % is 18.07% 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 PIA Automation Holding (SHSE:688306) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo PIA Automation Holding stock appears to be overvalued.
The current stock price of ¥8.74 is trading 11.2% above its estimated GF Value™ of ¥7.86.
GuruFocus considers Ningbo PIA Automation Holding to be Modestly Overvalued.
Key valuation signals for SHSE:688306:
Gross Margin %: 18.07% (12% below median its 10-year median of 20.44)
GF Value™: ¥7.86 vs. price of ¥8.74 (11.2% above fair value)
Industry Position: 9.1% below the Vehicles & Parts median (#608 of 1307)
No single metric tells the full story. See the SHSE:688306 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo PIA Automation Holding Business Description
Ningbo PIA Automation Holding Corp is engaged in the research and development, production, sales and service of complete sets of customized assembly and inspection intelligent manufacturing equipment and digital software.
66GF Score
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