Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
San Miguel Brewery Hong KongSMGLF 51 Gross Margin % is 40.29% as of Dec. 2025, which is 4% below its 10-year median of 42.13. GuruFocus rates SMGLF with a GF Score™ of 51/100 and a GF Value™ of $0.14. The stock has 1 warning sign investors should review. Among 205 Beverages - Alcoholic companies, San Miguel Brewery Hong Kong ranks worse than 57.56% on this metric.
San Miguel Brewery Hong Kong (OTCPK:SMGLF) 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
San Miguel Brewery Hong Kong had a gross margin of 40.29% for the quarter that ended in Dec. 2025 => Durable 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.
San Miguel Brewery Hong Kong Gross Margin % Related Terms
San Miguel Brewery Hong Kong 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.
For the Beverages - Brewers subindustry, San Miguel Brewery Hong Kong'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.
San Miguel Brewery Hong Kong Gross Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, San Miguel Brewery Hong Kong's Gross Margin % distribution charts can be found below:
* The bar in red indicates where San Miguel Brewery Hong Kong'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.
San Miguel Brewery Hong Kong (SMGLF) has a Gross Margin % of 40.29% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on San Miguel Brewery Hong Kong and its competitors. This is near median its historical median of 42.13. Over the past decade, San Miguel Brewery Hong Kong's Gross Margin % has ranged from 36.27 to 44.62. According to the industry distribution chart, San Miguel Brewery Hong Kong ranks #118 out of 205 companies in the Beverages - Alcoholic industry, placing it in the top 57.6%.
Is San Miguel Brewery Hong Kong's Gross Margin % too high?
San Miguel Brewery Hong Kong's current Gross Margin % of 40.29% is near median its 10-year median of 42.13. Over the past 10 years, this metric has ranged from a low of 36.27 to a high of 44.62. The Beverages - Alcoholic industry median Gross Margin % is 41.75. San Miguel Brewery Hong Kong's value of 40.29% is 3.5% below this industry median. Based on the distribution chart, San Miguel Brewery Hong Kong ranks #118 out of 205 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, San Miguel Brewery Hong Kong has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does San Miguel Brewery Hong Kong's Gross Margin % compare to STZ?
According to the Beverages - Alcoholic industry distribution chart, San Miguel Brewery Hong Kong ranks #118 out of 205 companies for Gross Margin %. This places San Miguel Brewery Hong Kong in the lower half of its industry. The industry median Gross Margin % is 41.75. San Miguel Brewery Hong Kong's value of 40.29% is 3.5% below this benchmark. Historically, San Miguel Brewery Hong Kong's own Gross Margin % has ranged from 36.27 to 44.62 over the past decade. While the company's 10-year median is 42.13 vs. the industry median of 41.75, San Miguel Brewery Hong Kong 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 Beverages - Alcoholic company?
The median Gross Margin % among Beverages - Alcoholic companies is 41.75, based on 205 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. San Miguel Brewery Hong Kong's current Gross Margin % of 40.29% is 3.5% 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 San Miguel Brewery Hong Kong and its competitors. For the Beverages - Alcoholic industry, the median Gross Margin % is 41.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. San Miguel Brewery Hong Kong's current Gross Margin % is 40.29%, which is near median its own 10-year median of 42.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Miguel Brewery Hong Kong stock overvalued right now?
San Miguel Brewery Hong Kong (SMGLF) has a current Gross Margin % of 40.29%. The stock's GF Value™ is $0.14, compared to a current price of $0.17 — trading 21.4% above its estimated fair value. The current Gross Margin % is 40.29%, which is near median its 10-year median of 42.13 and 3.5% below the Beverages - Alcoholic industry median of 41.75. San Miguel Brewery Hong Kong's overall GF Score™ is 51/100 with 1 warning sign 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 San Miguel Brewery Hong Kong (SMGLF), the current Gross Margin % is 40.29% as of Dec. 2025. 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 San Miguel Brewery Hong Kong (SMGLF) Overvalued in 2026?
Based on GuruFocus' analysis, San Miguel Brewery Hong Kong stock appears to be overvalued.
The current stock price of $0.17 is trading 21.4% above its estimated GF Value™ of $0.14.
Key valuation signals for SMGLF:
Gross Margin %: 40.29% (near median its 10-year median of 42.13)
GF Value™: $0.14 vs. price of $0.17 (21.4% above fair value)
Industry Position: 3.5% below the Beverages - Alcoholic median (#118 of 205)
No single metric tells the full story. See the SMGLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
San Miguel Brewery Hong Kong Ltd is engaged in the manufacturing and distribution of bottled, canned, and draught beers. Its two reportable segments are: The Hong Kong operations comprise the manufacture and distribution of own brewed beer products and the distribution of imported beer products in Hong Kong and overseas; and The Mainland China operations comprise the manufacture and distribution of own-brewed beer products in the southern part of the People's Republic of China and overseas. It derives the majority of its revenue from Hong Kong.
51GF Score
Get the complete analysis for SMGLF
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SMGLF has been successfully added to your 
