TP ICAP GROUPTCAPF 77 Gross Margin % is 24.98% as of Dec. 2025, which is 38% below its 10-year median of 40.41. GuruFocus rates TCAPF with a GF Score™ of 77/100 and a GF Value™ of $3.36 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 620 Capital Markets companies, TP ICAP GROUP ranks worse than 59.19% on this metric.
TP ICAP GROUP PLC gross margin has been in long-term decline. The average rate of decline per year is -2.9%.
The historical rank and industry rank for TP ICAP GROUP's Gross Margin % or its related term are showing as below:
TCAPF'
s Gross Margin % Range Over the Past 10 Years
Min: 33.9 Med: 40.41 Max: 44.39
Current: 35.7
During the past 13 years, the highestGross Margin % of TP ICAP GROUP was 44.39%. The lowest was 33.90%. And the median was 40.41%.
TCAPF's Gross Margin % is ranked worse than 59.19% of 620
companies
in the Capital Markets industry
Industry Median: 49.63
vs TCAPF: 35.70
TP ICAP GROUP had a gross margin of 24.98% for the quarter that ended in Dec. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for TP ICAP GROUP was -2.90% per year.
TP ICAP GROUP (OTCPK:TCAPF) 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
TP ICAP GROUP had a gross margin of 24.98% for the quarter that ended in Dec. 2025 => 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.
TP ICAP GROUP Gross Margin % Related Terms
TP ICAP GROUP Gross Margin % Historical Data
* Premium members only.
The historical data trend for TP ICAP GROUP'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 Capital Markets subindustry, TP ICAP GROUP'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.
TP ICAP GROUP Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TP ICAP GROUP's Gross Margin % distribution charts can be found below:
* The bar in red indicates where TP ICAP GROUP'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.
TP ICAP GROUP (TCAPF) has a Gross Margin % of 24.98% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on TP ICAP GROUP and its competitors. This is 38% below median its historical median of 40.41. Over the past decade, TP ICAP GROUP's Gross Margin % has ranged from 33.90 to 44.39. According to the industry distribution chart, TP ICAP GROUP ranks #367 out of 620 companies in the Capital Markets industry, placing it in the top 59.2%.
Is TP ICAP GROUP's Gross Margin % too high?
TP ICAP GROUP's current Gross Margin % of 24.98% is 38% below median its 10-year median of 40.41. Over the past 10 years, this metric has ranged from a low of 33.90 to a high of 44.39. The Capital Markets industry median Gross Margin % is 49.63. TP ICAP GROUP's value of 24.98% is 49.7% below this industry median. Based on the distribution chart, TP ICAP GROUP ranks #367 out of 620 companies in the Capital Markets industry, which is below the industry midpoint. Overall, TP ICAP GROUP has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TP ICAP GROUP's Gross Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, TP ICAP GROUP ranks #367 out of 620 companies for Gross Margin %. This places TP ICAP GROUP in the lower half of its industry. The industry median Gross Margin % is 49.63. TP ICAP GROUP's value of 24.98% is 49.7% below this benchmark. Historically, TP ICAP GROUP's own Gross Margin % has ranged from 33.90 to 44.39 over the past decade. While the company's 10-year median is 40.41 vs. the industry median of 49.63, TP ICAP GROUP 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 Capital Markets company?
The median Gross Margin % among Capital Markets companies is 49.63, based on 620 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. TP ICAP GROUP's current Gross Margin % of 24.98% is 49.7% 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 TP ICAP GROUP and its competitors. For the Capital Markets industry, the median Gross Margin % is 49.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TP ICAP GROUP's current Gross Margin % is 24.98%, which is 38% below median its own 10-year median of 40.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TP ICAP GROUP stock overvalued right now?
Based on GuruFocus' analysis, TP ICAP GROUP (TCAPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.36, compared to a current price of $4.50 — trading 33.9% above its estimated fair value. The current Gross Margin % is 24.98%, which is 38% below median its 10-year median of 40.41 and 49.7% below the Capital Markets industry median of 49.63. TP ICAP GROUP's overall GF Score™ is 77/100 with 9 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 TP ICAP GROUP (TCAPF), the current Gross Margin % is 24.98% 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 TP ICAP GROUP (TCAPF) Overvalued in 2026?
Based on GuruFocus' analysis, TP ICAP GROUP stock appears to be overvalued.
The current stock price of $4.50 is trading 33.9% above its estimated GF Value™ of $3.36.
GuruFocus considers TP ICAP GROUP to be Significantly Overvalued.
Key valuation signals for TCAPF:
Gross Margin %: 24.98% (38% below median its 10-year median of 40.41)
GF Value™: $3.36 vs. price of $4.50 (33.9% above fair value)
Industry Position: 49.7% below the Capital Markets median (#367 of 620)
No single metric tells the full story. See the TCAPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TP ICAP GROUP PLC provides broking professional intermediary services to match buyers and sellers of different financial, energy, and commodities products. Its role includes creating liquidity and price discovery in markets and providing insight and context to the clients. The company provides proprietary over-the-counter ('OTC') pricing information in the world with the data on financial, energy, and commodities products. Its clients include banks, insurance companies, pension funds, asset managers, hedge funds, central banks, energy producers and refiners, risk and compliance managers, and charities. The company's segments include Global Broking which generates key revenue, Energy & Commodities, Liquidnet, Parameta Solutions, and Corporate.
77GF Score
Get the complete analysis for TCAPF
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
TCAPF has been successfully added to your 
