Universal CementTPE:1104 +1.69%83 Gross Margin % is 29.12% as of Dec. 2025, which is 65% above its 10-year median of 17.67. GuruFocus rates TPE:1104 with a GF Score™ of 83/100 and a GF Value™ of NT$30.36 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 395 Building Materials companies, Universal Cement ranks worse than 58.48% 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
Universal Cement had a gross margin of 29.12% 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.
Universal Cement Gross Margin % Related Terms
Universal Cement Gross Margin % Historical Data
* Premium members only.
The historical data trend for Universal Cement'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.
TPE:1104 vs CRH, VMC, MLM: Gross Margin % Comparison
For the Building Materials subindustry, Universal Cement'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.
Universal Cement Gross Margin % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Universal Cement's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Universal Cement'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.
Universal Cement (TPE:1104) has a Gross Margin % of 29.12% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Universal Cement and its competitors. This is 65% above median its historical median of 17.67. Over the past decade, Universal Cement's Gross Margin % has ranged from 11.72 to 23.22. According to the industry distribution chart, Universal Cement ranks #231 out of 395 companies in the Building Materials industry, placing it in the top 58.5%.
Is Universal Cement's Gross Margin % too high?
Universal Cement's current Gross Margin % of 29.12% is 65% above median its 10-year median of 17.67. Over the past 10 years, this metric has ranged from a low of 11.72 to a high of 23.22. The Building Materials industry median Gross Margin % is 26.18. Universal Cement's value of 29.12% is 11.2% above this industry median. Based on the distribution chart, Universal Cement ranks #231 out of 395 companies in the Building Materials industry, which is below the industry midpoint. Overall, Universal Cement has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Universal Cement's Gross Margin % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Universal Cement ranks #231 out of 395 companies for Gross Margin %. This places Universal Cement in the lower half of its industry. The industry median Gross Margin % is 26.18. Universal Cement's value of 29.12% is 11.2% above this benchmark. Historically, Universal Cement's own Gross Margin % has ranged from 11.72 to 23.22 over the past decade. While the company's 10-year median is 17.67 vs. the industry median of 26.18, Universal Cement 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 Building Materials company?
The median Gross Margin % among Building Materials companies is 26.18, based on 395 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. Universal Cement's current Gross Margin % of 29.12% is 11.2% 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 Universal Cement and its competitors. For the Building Materials industry, the median Gross Margin % is 26.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Universal Cement's current Gross Margin % is 29.12%, which is 65% above median its own 10-year median of 17.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Cement stock overvalued right now?
Based on GuruFocus' analysis, Universal Cement (TPE:1104) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$30.36, compared to a current price of NT$27.00 — trading 11.1% below its estimated fair value. The current Gross Margin % is 29.12%, which is 65% above median its 10-year median of 17.67 and 11.2% above the Building Materials industry median of 26.18. Universal Cement's overall GF Score™ is 83/100 with 2 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 Universal Cement (TPE:1104), the current Gross Margin % is 29.12% 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 Universal Cement (TPE:1104) Overvalued in 2026?
Based on GuruFocus' analysis, Universal Cement stock appears to be undervalued.
The current stock price of NT$27.00 is trading 11.1% below its estimated GF Value™ of NT$30.36.
GuruFocus considers Universal Cement to be Modestly Undervalued.
Key valuation signals for TPE:1104:
Gross Margin %: 29.12% (65% above median its 10-year median of 17.67)
GF Value™: NT$30.36 vs. price of NT$27.00 (11.1% below fair value)
Industry Position: 11.2% above the Building Materials median (#231 of 395)
No single metric tells the full story. See the TPE:1104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Universal Cement Corporation is a Taiwan-based company predominantly engaged in manufacturing and selling cement and related construction materials. The company's reportable segments include Building materials and others. The majority of its revenue is generated from the building materials segment which is engaged in manufacturing and selling cement, concrete, and gypsum board. Geographically, key revenue for the company is derived from Taiwan.
83GF Score
Get the complete analysis for TPE:1104
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
TPE:1104 has been successfully added to your 
