Phu Nhuan Jewelry JSCSTC:PNJ -0.47%99 Gross Margin % is 19.95% as of Mar. 2026, which is 9% above its 10-year median of 18.35. GuruFocus rates STC:PNJ with a GF Score™ of 99/100 and a GF Value™ of ₫70,622.07 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,113 Retail - Cyclical companies, Phu Nhuan Jewelry JSC ranks worse than 76.01% on this metric.
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
Phu Nhuan Jewelry JSC had a gross margin of 19.95% 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.
Phu Nhuan Jewelry JSC Gross Margin % Related Terms
Phu Nhuan Jewelry JSC Gross Margin % Historical Data
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The historical data trend for Phu Nhuan Jewelry JSC'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.
For the Luxury Goods subindustry, Phu Nhuan Jewelry JSC'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.
Phu Nhuan Jewelry JSC Gross Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Phu Nhuan Jewelry JSC's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Phu Nhuan Jewelry JSC'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.
Phu Nhuan Jewelry JSC (STC:PNJ) has a Gross Margin % of 19.95% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Phu Nhuan Jewelry JSC and its competitors. This is near median its historical median of 18.35. Over the past decade, Phu Nhuan Jewelry JSC's Gross Margin % has ranged from 16.48 to 21.97. According to the industry distribution chart, Phu Nhuan Jewelry JSC ranks #846 out of 1113 companies in the Retail - Cyclical industry, placing it in the top 76%.
Is Phu Nhuan Jewelry JSC's Gross Margin % too high?
Phu Nhuan Jewelry JSC's current Gross Margin % of 19.95% is near median its 10-year median of 18.35. Over the past 10 years, this metric has ranged from a low of 16.48 to a high of 21.97. The Retail - Cyclical industry median Gross Margin % is 36.26. Phu Nhuan Jewelry JSC's value of 19.95% is 45% below this industry median. Based on the distribution chart, Phu Nhuan Jewelry JSC ranks #846 out of 1113 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Phu Nhuan Jewelry JSC has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Phu Nhuan Jewelry JSC's Gross Margin % compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Phu Nhuan Jewelry JSC ranks #846 out of 1113 companies for Gross Margin %. This places Phu Nhuan Jewelry JSC in the lower half of its industry. The industry median Gross Margin % is 36.26. Phu Nhuan Jewelry JSC's value of 19.95% is 45% below this benchmark. Historically, Phu Nhuan Jewelry JSC's own Gross Margin % has ranged from 16.48 to 21.97 over the past decade. While the company's 10-year median is 18.35 vs. the industry median of 36.26, Phu Nhuan Jewelry JSC 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 Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.26, based on 1,113 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. Phu Nhuan Jewelry JSC's current Gross Margin % of 19.95% is 45% 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 Phu Nhuan Jewelry JSC and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phu Nhuan Jewelry JSC's current Gross Margin % is 19.95%, which is near median its own 10-year median of 18.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phu Nhuan Jewelry JSC stock overvalued right now?
Based on GuruFocus' analysis, Phu Nhuan Jewelry JSC (STC:PNJ) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫70,622.07, compared to a current price of ₫63,200.00 — trading 10.5% below its estimated fair value. The current Gross Margin % is 19.95%, which is near median its 10-year median of 18.35 and 45% below the Retail - Cyclical industry median of 36.26. Phu Nhuan Jewelry JSC's overall GF Score™ is 99/100 with 3 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 Phu Nhuan Jewelry JSC (STC:PNJ), the current Gross Margin % is 19.95% 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 Phu Nhuan Jewelry JSC (STC:PNJ) Overvalued in 2026?
Based on GuruFocus' analysis, Phu Nhuan Jewelry JSC stock appears to be undervalued.
The current stock price of ₫63,200.00 is trading 10.5% below its estimated GF Value™ of ₫70,622.07.
GuruFocus considers Phu Nhuan Jewelry JSC to be Modestly Undervalued.
Key valuation signals for STC:PNJ:
Gross Margin %: 19.95% (near median its 10-year median of 18.35)
GF Value™: ₫70,622.07 vs. price of ₫63,200.00 (10.5% below fair value)
Industry Position: 45% below the Retail - Cyclical median (#846 of 1113)
No single metric tells the full story. See the STC:PNJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Phu Nhuan Jewelry JSC is engaged in the manufacturing and trading of gold, silver, jewelry, and gemstones, and imports and exports jewelry in gold, silver, and gemstones. The other activities are mainly trading accessories and jewelry inspection services. It offers products such as rings, earrings, bracelets, pendants, necklaces, etc., under different brands such as CAO Fine Jewellery, Mancode by PNJ, Style by PNJ, PNJArt, PNJ Silver and Accessories, and others. Geographically, the company conducts its operations only in Vietnam.
99GF Score
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