Toppan HoldingsTOPPY +4.92%80 Gross Margin % is 23.44% as of Mar. 2026, which is 11% above its 10-year median of 21.09. GuruFocus rates TOPPY with a GF Score™ of 80/100 and a GF Value™ of $15.12 (Fairly Valued). The stock has 7 warning signs investors should review. Among 511 Conglomerates companies, Toppan Holdings ranks worse than 55.38% 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
Toppan Holdings had a gross margin of 23.44% for the quarter that ended in Mar. 2026 => 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.
Toppan Holdings Gross Margin % Related Terms
Toppan Holdings Gross Margin % Historical Data
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The historical data trend for Toppan 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.
For the Conglomerates subindustry, Toppan 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.
Toppan Holdings Gross Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Toppan Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Toppan 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.
Toppan Holdings (TOPPY) has a Gross Margin % of 23.44% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Toppan Holdings and its competitors. This is 11% above median its historical median of 21.09. Over the past decade, Toppan Holdings' Gross Margin % has ranged from 18.77 to 24.04. According to the industry distribution chart, Toppan Holdings ranks #283 out of 511 companies in the Conglomerates industry, placing it in the top 55.4%.
Is Toppan Holdings' Gross Margin % too high?
Toppan Holdings' current Gross Margin % of 23.44% is 11% above median its 10-year median of 21.09. Over the past 10 years, this metric has ranged from a low of 18.77 to a high of 24.04. The Conglomerates industry median Gross Margin % is 25.85. Toppan Holdings' value of 23.44% is 9.3% below this industry median. Based on the distribution chart, Toppan Holdings ranks #283 out of 511 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Toppan Holdings has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toppan Holdings' Gross Margin % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Toppan Holdings ranks #283 out of 511 companies for Gross Margin %. This places Toppan Holdings in the lower half of its industry. The industry median Gross Margin % is 25.85. Toppan Holdings' value of 23.44% is 9.3% below this benchmark. Historically, Toppan Holdings' own Gross Margin % has ranged from 18.77 to 24.04 over the past decade. While the company's 10-year median is 21.09 vs. the industry median of 25.85, Toppan Holdings 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 Conglomerates company?
The median Gross Margin % among Conglomerates companies is 25.85, based on 511 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. Toppan Holdings's current Gross Margin % of 23.44% is 9.3% 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 Toppan Holdings and its competitors. For the Conglomerates industry, the median Gross Margin % is 25.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toppan Holdings's current Gross Margin % is 23.44%, which is 11% above median its own 10-year median of 21.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toppan Holdings stock overvalued right now?
Based on GuruFocus' analysis, Toppan Holdings (TOPPY) is currently considered Fairly Valued. The stock's GF Value™ is $15.12, compared to a current price of $16.00 — trading 5.8% above its estimated fair value. The current Gross Margin % is 23.44%, which is 11% above median its 10-year median of 21.09 and 9.3% below the Conglomerates industry median of 25.85. Toppan Holdings' overall GF Score™ is 80/100 with 7 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 Toppan Holdings (TOPPY), the current Gross Margin % is 23.44% 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 Toppan Holdings (TOPPY) Overvalued in 2026?
Based on GuruFocus' analysis, Toppan Holdings stock appears to be overvalued.
The current stock price of $16.00 is trading 5.8% above its estimated GF Value™ of $15.12.
GuruFocus considers Toppan Holdings to be Fairly Valued.
Key valuation signals for TOPPY:
Gross Margin %: 23.44% (11% above median its 10-year median of 21.09)
GF Value™: $15.12 vs. price of $16.00 (5.8% above fair value)
Industry Position: 9.3% below the Conglomerates median (#283 of 511)
No single metric tells the full story. See the TOPPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toppan Holdings Inc provides products and services geared toward printing technologies. Its product portfolio of printing technologies consists of in-store advertisements, books, magnetic cards, floor filters, wallpaper, flexible packaging, and other solutions. The company operates three business segments: information and communication (the majority of total revenue), electronics, and living and industry. Toppan Printing provides secure documents, such as credit cards, coupons, and business forms, and offers a mix of marketing materials to increase diversification. It utilizes sales promotion personnel, printing press operators, and research personnel to develop solutions for customers. Operations and sales are located in Japan.
80GF Score
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