Mayer Steel PipeTPE:2020 -1.15%75 Gross Margin % is 19.71% as of Dec. 2025, which is 57% above its 10-year median of 12.54. GuruFocus rates TPE:2020 with a GF Score™ of 75/100 and a GF Value™ of NT$20.99 (Fairly Valued). The stock has 5 warning signs investors should review. Among 594 Steel companies, Mayer Steel Pipe ranks better than 67.51% 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
Mayer Steel Pipe had a gross margin of 19.71% for the quarter that ended in Dec. 2025 => 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.
Mayer Steel Pipe Gross Margin % Related Terms
Mayer Steel Pipe Gross Margin % Historical Data
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The historical data trend for Mayer Steel Pipe'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:2020 vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, Mayer Steel Pipe'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.
Mayer Steel Pipe Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Mayer Steel Pipe's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Mayer Steel Pipe'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.
Mayer Steel Pipe (TPE:2020) has a Gross Margin % of 19.71% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Mayer Steel Pipe and its competitors. This is 57% above median its historical median of 12.54. Over the past decade, Mayer Steel Pipe's Gross Margin % has ranged from 6.41 to 18.65. According to the industry distribution chart, Mayer Steel Pipe ranks #193 out of 594 companies in the Steel industry, placing it in the top 32.5%.
Is Mayer Steel Pipe's Gross Margin % too high?
Mayer Steel Pipe's current Gross Margin % of 19.71% is 57% above median its 10-year median of 12.54. Over the past 10 years, this metric has ranged from a low of 6.41 to a high of 18.65. The Steel industry median Gross Margin % is 12.61. Mayer Steel Pipe's value of 19.71% is 56.3% above this industry median. Based on the distribution chart, Mayer Steel Pipe ranks #193 out of 594 companies in the Steel industry, which is above the industry midpoint. Overall, Mayer Steel Pipe has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mayer Steel Pipe's Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Mayer Steel Pipe ranks #193 out of 594 companies for Gross Margin %. This puts Mayer Steel Pipe in the upper half of its industry. The industry median Gross Margin % is 12.61. Mayer Steel Pipe's value of 19.71% is 56.3% above this benchmark. Historically, Mayer Steel Pipe's own Gross Margin % has ranged from 6.41 to 18.65 over the past decade. While the company's 10-year median is 12.54 vs. the industry median of 12.61, Mayer Steel Pipe 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 Steel company?
The median Gross Margin % among Steel companies is 12.61, based on 594 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. Mayer Steel Pipe's current Gross Margin % of 19.71% is 56.3% 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 Mayer Steel Pipe and its competitors. For the Steel industry, the median Gross Margin % is 12.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayer Steel Pipe's current Gross Margin % is 19.71%, which is 57% above median its own 10-year median of 12.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayer Steel Pipe stock overvalued right now?
Based on GuruFocus' analysis, Mayer Steel Pipe (TPE:2020) is currently considered Fairly Valued. The stock's GF Value™ is NT$20.99, compared to a current price of NT$21.45 — trading 2.2% above its estimated fair value. The current Gross Margin % is 19.71%, which is 57% above median its 10-year median of 12.54 and 56.3% above the Steel industry median of 12.61. Mayer Steel Pipe's overall GF Score™ is 75/100 with 5 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 Mayer Steel Pipe (TPE:2020), the current Gross Margin % is 19.71% 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 Mayer Steel Pipe (TPE:2020) Overvalued in 2026?
Based on GuruFocus' analysis, Mayer Steel Pipe stock appears to be overvalued.
The current stock price of NT$21.45 is trading 2.2% above its estimated GF Value™ of NT$20.99.
GuruFocus considers Mayer Steel Pipe to be Fairly Valued.
Key valuation signals for TPE:2020:
Gross Margin %: 19.71% (57% above median its 10-year median of 12.54)
GF Value™: NT$20.99 vs. price of NT$21.45 (2.2% above fair value)
Industry Position: 56.3% above the Steel median (#193 of 594)
No single metric tells the full story. See the TPE:2020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mayer Steel Pipe Corp operates as a steel pipe manufacturer in Taiwan. The primary business of the company and its entities is engaged in the production and sales of black steel pipes, galvanized steel pipes and stainless-steel coils for pipes. The company's reportable segments are the Steel Segment, Real Estate Investment Segment, Investment Segment, and Hotel Services Segment. The majority of revenue is derived from the Steel department, which focuses on the production and sales of black steel pipes, zinc-coated steel pipes, and stainless-steel coils for Pipes. Geographically it generates maximum revenue from Taiwan and the rest from Vietnam, Thailand, and other regions.
75GF Score
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