SM Prime HoldingsSPHXF 49 Gross Margin % is 85.90% as of Mar. 2026, which is 9% above its 10-year median of 78.76. GuruFocus rates SPHXF with a GF Score™ of 49/100 and a GF Value™ of $0.50 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,646 Real Estate companies, SM Prime Holdings ranks better than 79.47% on this metric.
The historical rank and industry rank for SM Prime Holdings's Gross Margin % or its related term are showing as below:
SPHXF'
s Gross Margin % Range Over the Past 10 Years
Min: 68.02 Med: 78.76 Max: 84.83
Current: 68.02
During the past 13 years, the highestGross Margin % of SM Prime Holdings was 84.83%. The lowest was 68.02%. And the median was 78.76%.
SPHXF's Gross Margin % is ranked better than 79.47% of 1646
companies
in the Real Estate industry
Industry Median: 36.96
vs SPHXF: 68.02
SM Prime Holdings had a gross margin of 85.90% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for SM Prime Holdings was 2.90% per year.
SM Prime Holdings (OTCPK:SPHXF) 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
SM Prime Holdings had a gross margin of 85.90% for the quarter that ended in Mar. 2026 => 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.
SM Prime Holdings Gross Margin % Related Terms
SM Prime Holdings Gross Margin % Historical Data
* Premium members only.
The historical data trend for SM Prime Holdings'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.
SM Prime Holdings Gross Margin % Competitor Comparison
For the Real Estate - Diversified subindustry, SM Prime Holdings'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.
SM Prime Holdings Gross Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, SM Prime Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where SM Prime Holdings'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.
SM Prime Holdings (SPHXF) has a Gross Margin % of 85.90% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on SM Prime Holdings and its competitors. This is near median its historical median of 78.76. Over the past decade, SM Prime Holdings' Gross Margin % has ranged from 68.02 to 84.83. According to the industry distribution chart, SM Prime Holdings ranks #338 out of 1646 companies in the Real Estate industry, placing it in the top 20.5%.
Is SM Prime Holdings' Gross Margin % too high?
SM Prime Holdings' current Gross Margin % of 85.90% is near median its 10-year median of 78.76. Over the past 10 years, this metric has ranged from a low of 68.02 to a high of 84.83. The Real Estate industry median Gross Margin % is 36.96. SM Prime Holdings' value of 85.90% is 132.4% above this industry median. Based on the distribution chart, SM Prime Holdings ranks #338 out of 1646 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, SM Prime Holdings has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SM Prime Holdings' Gross Margin % compare to competitors?
According to the Real Estate industry distribution chart, SM Prime Holdings ranks #338 out of 1646 companies for Gross Margin %. This places SM Prime Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 36.96. SM Prime Holdings' value of 85.90% is 132.4% above this benchmark. Historically, SM Prime Holdings' own Gross Margin % has ranged from 68.02 to 84.83 over the past decade. While the company's 10-year median is 78.76 vs. the industry median of 36.96, SM Prime Holdings 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 Real Estate company?
The median Gross Margin % among Real Estate companies is 36.96, based on 1,646 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. SM Prime Holdings's current Gross Margin % of 85.90% is 132.4% 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 SM Prime Holdings and its competitors. For the Real Estate industry, the median Gross Margin % is 36.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SM Prime Holdings's current Gross Margin % is 85.90%, which is near median its own 10-year median of 78.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SM Prime Holdings stock overvalued right now?
Based on GuruFocus' analysis, SM Prime Holdings (SPHXF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.50, compared to a current price of $0.28 — trading 44% below its estimated fair value. The current Gross Margin % is 85.90%, which is near median its 10-year median of 78.76 and 132.4% above the Real Estate industry median of 36.96. SM Prime Holdings' overall GF Score™ is 49/100 with 4 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 SM Prime Holdings (SPHXF), the current Gross Margin % is 85.90% 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 SM Prime Holdings (SPHXF) Overvalued in 2026?
Based on GuruFocus' analysis, SM Prime Holdings stock appears to be undervalued.
The current stock price of $0.28 is trading 44% below its estimated GF Value™ of $0.50.
GuruFocus considers SM Prime Holdings to be Possible Value Trap.
Key valuation signals for SPHXF:
Gross Margin %: 85.90% (near median its 10-year median of 78.76)
GF Value™: $0.50 vs. price of $0.28 (44% below fair value)
Industry Position: 132.4% above the Real Estate median (#338 of 1646)
No single metric tells the full story. See the SPHXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SM Prime Holdings Inc is an integrated property developer. It is engaged in acquiring and developing real estate, conducting and maintaining commercial shopping centers, and constructing and managing buildings such as condominiums, apartments, hotels, restaurants, stores, and other structures for mixed-use purposes. The company has four business segments, namely, malls, residential, commercial, and integrated property developments and hotels and convention centers. It generates maximum revenue from the Malls segment, which develops, conducts, operates, and maintains the business of commercial shopping centers for rent, amusement centers, or cinema theaters within the compound of the shopping centers.
49GF Score
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