SHZNF (Shenzhen Expressway) Gross Margin %: 39.38% (As of Mar. 2026) — 11% Above Median


SHZNF Shenzhen Expressway Corp Ltd SHZNF
67 GF Score
Price $0.95
GF Value $1.12
! 7 Warning Signs
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What is Shenzhen Expressway Gross Margin %?

Shenzhen Expressway SHZNF 67 Gross Margin % is 39.38% as of Mar. 2026, which is 11% above its 10-year median of 35.52. GuruFocus rates SHZNF with a GF Score™ of 67/100 and a GF Value™ of $1.12. The stock has 7 warning signs investors should review. Among 1,724 Construction companies, Shenzhen Expressway ranks better than 69.66% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Shenzhen Expressway's Gross Profit for the three months ended in Mar. 2026 was $101 Mil. Shenzhen Expressway's Revenue for the three months ended in Mar. 2026 was $255 Mil. Therefore, Shenzhen Expressway's Gross Margin % for the quarter that ended in Mar. 2026 was 39.38%.

Warning Sign:

Shenzhen Expressway Corp Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.5%.


The historical rank and industry rank for Shenzhen Expressway's Gross Margin % or its related term are showing as below:

SHZNF' s Gross Margin % Range Over the Past 10 Years
Min: 30.3   Med: 35.52   Max: 50.78
Current: 30.57


During the past 13 years, the highest Gross Margin % of Shenzhen Expressway was 50.78%. The lowest was 30.30%. And the median was 35.52%.

SHZNF's Gross Margin % is ranked better than
69.66% of 1724 companies
in the Construction industry
Industry Median: 20.705 vs SHZNF: 30.57

Shenzhen Expressway had a gross margin of 39.38% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Shenzhen Expressway was -2.50% per year.


Shenzhen Expressway  (OTCPK:SHZNF) 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

Shenzhen Expressway had a gross margin of 39.38% 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.


Shenzhen Expressway Gross Margin % Related Terms


Shenzhen Expressway Gross Margin % Historical Data

* Premium members only.

The historical data trend for Shenzhen Expressway'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.

Shenzhen Expressway Gross Margin % Chart

Shenzhen Expressway Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.75 32.21 36.00 31.60 30.30

Shenzhen Expressway Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.91 36.17 35.92 18.47 39.38

Shenzhen Expressway Gross Margin % Competitor Comparison

For the Infrastructure Operations subindustry, Shenzhen Expressway'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.


Shenzhen Expressway Gross Margin % vs Construction Industry

For the Construction industry and Industrials sector, Shenzhen Expressway's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Shenzhen Expressway's Gross Margin % falls into.


SHZNF
67GF Score
Shenzhen Expressway Corp Ltd SHZNF
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Shenzhen Expressway Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Shenzhen Expressway's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=398.6 / 1315.38
=(Revenue - Cost of Goods Sold) / Revenue
=(1315.38 - 916.771) / 1315.38
=30.30 %

Shenzhen Expressway's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=100.5 / 255.265
=(Revenue - Cost of Goods Sold) / Revenue
=(255.265 - 154.751) / 255.265
=39.38 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 39.38% mean?
Shenzhen Expressway (SHZNF) has a Gross Margin % of 39.38% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Shenzhen Expressway and its competitors. This is 11% above median its historical median of 35.52. Over the past decade, Shenzhen Expressway's Gross Margin % has ranged from 30.30 to 50.78. According to the industry distribution chart, Shenzhen Expressway ranks #523 out of 1724 companies in the Construction industry, placing it in the top 30.3%.
Is Shenzhen Expressway's Gross Margin % too high?
Shenzhen Expressway's current Gross Margin % of 39.38% is 11% above median its 10-year median of 35.52. Over the past 10 years, this metric has ranged from a low of 30.30 to a high of 50.78. The Construction industry median Gross Margin % is 20.71. Shenzhen Expressway's value of 39.38% is 90.2% above this industry median. Based on the distribution chart, Shenzhen Expressway ranks #523 out of 1724 companies in the Construction industry, which is above the industry midpoint. Overall, Shenzhen Expressway has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Expressway's Gross Margin % compare to competitors?
According to the Construction industry distribution chart, Shenzhen Expressway ranks #523 out of 1724 companies for Gross Margin %. This puts Shenzhen Expressway in the upper half of its industry. The industry median Gross Margin % is 20.71. Shenzhen Expressway's value of 39.38% is 90.2% above this benchmark. Historically, Shenzhen Expressway's own Gross Margin % has ranged from 30.30 to 50.78 over the past decade. While the company's 10-year median is 35.52 vs. the industry median of 20.71, Shenzhen Expressway 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 Construction company?
The median Gross Margin % among Construction companies is 20.71, based on 1,724 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. Shenzhen Expressway's current Gross Margin % of 39.38% is 90.2% 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 Shenzhen Expressway and its competitors. For the Construction industry, the median Gross Margin % is 20.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Expressway's current Gross Margin % is 39.38%, which is 11% above median its own 10-year median of 35.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Expressway stock overvalued right now?
Shenzhen Expressway (SHZNF) has a current Gross Margin % of 39.38%. The stock's GF Value™ is $1.12, compared to a current price of $0.95 — trading 15.2% below its estimated fair value. The current Gross Margin % is 39.38%, which is 11% above median its 10-year median of 35.52 and 90.2% above the Construction industry median of 20.71. Shenzhen Expressway's overall GF Score™ is 67/100 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 Shenzhen Expressway (SHZNF), the current Gross Margin % is 39.38% 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 Shenzhen Expressway (SHZNF) Overvalued in 2026?

Based on GuruFocus' analysis, Shenzhen Expressway stock appears to be undervalued. The current stock price of $0.95 is trading 15.2% below its estimated GF Value™ of $1.12.

Key valuation signals for SHZNF:

  • Gross Margin %: 39.38% (11% above median its 10-year median of 35.52)
  • GF Value™: $1.12 vs. price of $0.95 (15.2% below fair value)
  • GF Score™: 67/100 with 7 warning signs
  • Industry Position: 90.2% above the Construction median (#523 of 1724)

No single metric tells the full story. See the SHZNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shenzhen Expressway Business Description

Address Shennan Avenue, No. 9968, Hanking Centre, 46th Floor, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057
Shenzhen Expressway Corp Ltd is engaged in the construction, operation, management, and investment of toll highways and environmental protection in China. The Group has identified two reporting segments, namely the toll road segment and the environmental protection segment. The toll road segment takes charge of the operation and management of toll roads in Mainland China. The environmental protection segment operates and manages environmentally related infrastructure, mainly including solid waste treatment, clean energy, and other related fields. The majority of its revenue is derived from the toll road segment.
67GF Score

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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.95
Price
$1.12
GF Value