SPAEF (Space Co) Gross Margin %: 11.33% (As of Dec. 2025) — Near Median


SPAEF Space Co Ltd SPAEF
64 GF Score
Price $9.28
GF Value $9.54
Valuation Fairly Valued
View Full Analysis

What is Space Co Gross Margin %?

Space Co SPAEF -0.22% 64 Gross Margin % is 11.33% as of Dec. 2025, which is 1% below its 10-year median of 11.42. GuruFocus rates SPAEF with a GF Score™ of 64/100 and a GF Value™ of $9.54 (Fairly Valued). Among 1,723 Construction companies, Space Co ranks worse than 75.68% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Space Co's Gross Profit for the three months ended in Dec. 2025 was $14.9 Mil. Space Co's Revenue for the three months ended in Dec. 2025 was $131.2 Mil. Therefore, Space Co's Gross Margin % for the quarter that ended in Dec. 2025 was 11.33%.


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

SPAEF' s Gross Margin % Range Over the Past 10 Years
Min: 9.81   Med: 11.42   Max: 12.27
Current: 11.62


During the past 13 years, the highest Gross Margin % of Space Co was 12.27%. The lowest was 9.81%. And the median was 11.42%.

SPAEF's Gross Margin % is ranked worse than
75.68% of 1723 companies
in the Construction industry
Industry Median: 20.7 vs SPAEF: 11.62

Space Co had a gross margin of 11.33% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage

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


Space Co  (OTCPK:SPAEF) 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

Space Co had a gross margin of 11.33% for the quarter that ended in Dec. 2025 => 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.


Space Co Gross Margin % Related Terms


Space Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Space Co'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.

Space Co Gross Margin % Chart

Space Co 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 11.28 10.31 11.57 11.00 11.56

Space Co 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 14.04 11.21 9.59 11.33 14.20

SPAEF vs PWR, FIX, EME: Gross Margin % Comparison

For the Engineering & Construction subindustry, Space 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.


Space Co Gross Margin % vs Construction Industry

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

* The bar in red indicates where Space Co's Gross Margin % falls into.


SPAEF
64GF Score
Space Co Ltd SPAEF
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Space Co Gross Margin % Calculation

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

Space Co'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 )
=53 / 458.657
=(Revenue - Cost of Goods Sold) / Revenue
=(458.657 - 405.624) / 458.657
=11.56 %

Space Co's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=14.9 / 131.155
=(Revenue - Cost of Goods Sold) / Revenue
=(131.155 - 116.294) / 131.155
=11.33 %

* 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 11.33% mean?
Space Co (SPAEF) has a Gross Margin % of 11.33% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Space Co and its competitors. This is near median its historical median of 11.42. Over the past decade, Space Co's Gross Margin % has ranged from 9.81 to 12.27. According to the industry distribution chart, Space Co ranks #1304 out of 1723 companies in the Construction industry, placing it in the top 75.7%.
Is Space Co's Gross Margin % too high?
Space Co's current Gross Margin % of 11.33% is near median its 10-year median of 11.42. Over the past 10 years, this metric has ranged from a low of 9.81 to a high of 12.27. The Construction industry median Gross Margin % is 20.70. Space Co's value of 11.33% is 45.3% below this industry median. Based on the distribution chart, Space Co ranks #1304 out of 1723 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Space Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Space Co's Gross Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, Space Co ranks #1304 out of 1723 companies for Gross Margin %. This places Space Co in the lower half of its industry. The industry median Gross Margin % is 20.70. Space Co's value of 11.33% is 45.3% below this benchmark. Historically, Space Co's own Gross Margin % has ranged from 9.81 to 12.27 over the past decade. While the company's 10-year median is 11.42 vs. the industry median of 20.70, Space 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 a Construction company?
The median Gross Margin % among Construction companies is 20.70, based on 1,723 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. Space Co's current Gross Margin % of 11.33% is 45.3% 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 Space Co and its competitors. For the Construction industry, the median Gross Margin % is 20.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Co's current Gross Margin % is 11.33%, which is near median its own 10-year median of 11.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Co stock overvalued right now?
Based on GuruFocus' analysis, Space Co (SPAEF) is currently considered Fairly Valued. The stock's GF Value™ is $9.54, compared to a current price of $9.28 — trading 2.7% below its estimated fair value. The current Gross Margin % is 11.33%, which is near median its 10-year median of 11.42 and 45.3% below the Construction industry median of 20.70. Space Co's overall GF Score™ is 64/100. 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 Space Co (SPAEF), the current Gross Margin % is 11.33% 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 Space Co (SPAEF) Overvalued in 2026?

Based on GuruFocus' analysis, Space Co stock appears to be undervalued. The current stock price of $9.28 is trading 2.7% below its estimated GF Value™ of $9.54. GuruFocus considers Space Co to be Fairly Valued.

Key valuation signals for SPAEF:

  • Gross Margin %: 11.33% (near median its 10-year median of 11.42)
  • GF Value™: $9.54 vs. price of $9.28 (2.7% below fair value)
  • GF Score™: 64/100
  • Industry Position: 45.3% below the Construction median (#1304 of 1723)

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


Space Co Business Description

Other Exchanges 9622:Japan
Address 3-9-4 Nihonbashi, Ningyo-cho, Tokyo, JPN, 103-0013
Space Co Ltd is engaged in the planning and design, supervision and construction of commercial facilities, including shopping centres, department stores, speciality stores, restaurants, and cafes. In addition, the company is also involved in the planning, design, production, sales and import and export of display equipment and fixtures, indoor and outdoor decorative items.
64GF Score

Get the complete analysis for SPAEF

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

$9.28
Price
$9.54
GF Value