Lu Hai Holding (TPE:2115) Gross Margin %: 18.21% (As of Dec. 2025) — 19% Below Median


TPE:2115 Lu Hai Holding Corp TPE:2115
72 GF Score
Price NT$20.70
GF Value NT$30.41
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Lu Hai Holding Gross Margin %?

Lu Hai Holding TPE:2115 +0.24% 72 Gross Margin % is 18.21% as of Dec. 2025, which is 19% below its 10-year median of 22.40. GuruFocus rates TPE:2115 with a GF Score™ of 72/100 and a GF Value™ of NT$30.41 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,310 Vehicles & Parts companies, Lu Hai Holding ranks better than 52.52% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Lu Hai Holding's Gross Profit for the three months ended in Dec. 2025 was NT$133 Mil. Lu Hai Holding's Revenue for the three months ended in Dec. 2025 was NT$733 Mil. Therefore, Lu Hai Holding's Gross Margin % for the quarter that ended in Dec. 2025 was 18.21%.

Warning Sign:

Lu Hai Holding Corp gross margin has been in long-term decline. The average rate of decline per year is -3.3%.


The historical rank and industry rank for Lu Hai Holding's Gross Margin % or its related term are showing as below:

TPE:2115' s Gross Margin % Range Over the Past 10 Years
Min: 20.54   Med: 22.4   Max: 26.17
Current: 20.66


During the past 13 years, the highest Gross Margin % of Lu Hai Holding was 26.17%. The lowest was 20.54%. And the median was 22.40%.

TPE:2115's Gross Margin % is ranked better than
52.52% of 1310 companies
in the Vehicles & Parts industry
Industry Median: 19.835 vs TPE:2115: 20.66

Lu Hai Holding had a gross margin of 18.21% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Lu Hai Holding was -3.30% per year.


Lu Hai Holding  (TPE:2115) 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

Lu Hai Holding had a gross margin of 18.21% 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.


Lu Hai Holding Gross Margin % Related Terms


Lu Hai Holding Gross Margin % Historical Data

* Premium members only.

The historical data trend for Lu Hai Holding'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.

Lu Hai Holding Gross Margin % Chart

Lu Hai Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.90 21.86 20.54 22.16 20.66

Lu Hai Holding Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.72 23.16 21.59 19.32 18.21

TPE:2115 vs ORLY, AZO: Gross Margin % Comparison

For the Auto Parts subindustry, Lu Hai Holding'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.


Lu Hai Holding Gross Margin % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Lu Hai Holding's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Lu Hai Holding's Gross Margin % falls into.


TPE:2115
72GF Score
Lu Hai Holding Corp TPE:2115
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Lu Hai Holding Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Lu Hai Holding's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=615.3 / 2978.759
=(Revenue - Cost of Goods Sold) / Revenue
=(2978.759 - 2363.483) / 2978.759
=20.66 %

Lu Hai Holding's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=133.5 / 732.809
=(Revenue - Cost of Goods Sold) / Revenue
=(732.809 - 599.33) / 732.809
=18.21 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 18.21% mean?
Lu Hai Holding (TPE:2115) has a Gross Margin % of 18.21% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Lu Hai Holding and its competitors. This is 19% below median its historical median of 22.40. Over the past decade, Lu Hai Holding's Gross Margin % has ranged from 20.54 to 26.17. According to the industry distribution chart, Lu Hai Holding ranks #622 out of 1310 companies in the Vehicles & Parts industry, placing it in the top 47.5%.
Is Lu Hai Holding's Gross Margin % too high?
Lu Hai Holding's current Gross Margin % of 18.21% is 19% below median its 10-year median of 22.40. Over the past 10 years, this metric has ranged from a low of 20.54 to a high of 26.17. The Vehicles & Parts industry median Gross Margin % is 19.84. Lu Hai Holding's value of 18.21% is 8.2% below this industry median. Based on the distribution chart, Lu Hai Holding ranks #622 out of 1310 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Lu Hai Holding has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lu Hai Holding's Gross Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Lu Hai Holding ranks #622 out of 1310 companies for Gross Margin %. This puts Lu Hai Holding in the upper half of its industry. The industry median Gross Margin % is 19.84. Lu Hai Holding's value of 18.21% is 8.2% below this benchmark. Historically, Lu Hai Holding's own Gross Margin % has ranged from 20.54 to 26.17 over the past decade. While the company's 10-year median is 22.40 vs. the industry median of 19.84, Lu Hai Holding 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 Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.84, based on 1,310 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. Lu Hai Holding's current Gross Margin % of 18.21% is 8.2% 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 Lu Hai Holding and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lu Hai Holding's current Gross Margin % is 18.21%, which is 19% below median its own 10-year median of 22.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lu Hai Holding stock overvalued right now?
Based on GuruFocus' analysis, Lu Hai Holding (TPE:2115) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$30.41, compared to a current price of NT$20.70 — trading 31.9% below its estimated fair value. The current Gross Margin % is 18.21%, which is 19% below median its 10-year median of 22.40 and 8.2% below the Vehicles & Parts industry median of 19.84. Lu Hai Holding's overall GF Score™ is 72/100 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 Lu Hai Holding (TPE:2115), the current Gross Margin % is 18.21% 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 Lu Hai Holding (TPE:2115) Overvalued in 2026?

Based on GuruFocus' analysis, Lu Hai Holding stock appears to be undervalued. The current stock price of NT$20.70 is trading 31.9% below its estimated GF Value™ of NT$30.41. GuruFocus considers Lu Hai Holding to be Significantly Undervalued.

Key valuation signals for TPE:2115:

  • Gross Margin %: 18.21% (19% below median its 10-year median of 22.40)
  • GF Value™: NT$30.41 vs. price of NT$20.70 (31.9% below fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 8.2% below the Vehicles & Parts median (#622 of 1310)

No single metric tells the full story. See the TPE:2115 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lu Hai Holding Business Description

Address No. 64, Shing-Kong 5th Road, Tien-Chung Industrial District, Tien-Chung, Chang-Hua, TWN
Lu Hai Holding Corp operates in the auto parts industry. The company is engaged in the production, processing, and sale of tire valves and accessories. The company serves the tire, automobile, truck, and agricultural vehicles industry. Geographically, the company operates in China, Indonesia, and Other regions. The company derives maximum revenue from China.
72GF Score

Get the complete analysis for TPE:2115

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$20.70
Price
NT$30.41
GF Value