CUB Elecparts (TPE:2231) Gross Margin %: 23.65% (As of Dec. 2025) — 43% Below Median


TPE:2231 CUB Elecparts Inc TPE:2231
69 GF Score
Price NT$115.50
GF Value NT$101.56
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is CUB Elecparts Gross Margin %?

CUB Elecparts TPE:2231 -0.43% 69 Gross Margin % is 23.65% as of Dec. 2025, which is 43% below its 10-year median of 41.25. GuruFocus rates TPE:2231 with a GF Score™ of 69/100 and a GF Value™ of NT$101.56 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,308 Vehicles & Parts companies, CUB Elecparts ranks better than 77.14% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. CUB Elecparts's Gross Profit for the three months ended in Dec. 2025 was NT$249 Mil. CUB Elecparts's Revenue for the three months ended in Dec. 2025 was NT$1,053 Mil. Therefore, CUB Elecparts's Gross Margin % for the quarter that ended in Dec. 2025 was 23.65%.

Warning Sign:

CUB Elecparts Inc gross margin has been in long-term decline. The average rate of decline per year is -4.1%.


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

TPE:2231' s Gross Margin % Range Over the Past 10 Years
Min: 32.62   Med: 41.25   Max: 54.29
Current: 32.62


During the past 13 years, the highest Gross Margin % of CUB Elecparts was 54.29%. The lowest was 32.62%. And the median was 41.25%.

TPE:2231's Gross Margin % is ranked better than
77.14% of 1308 companies
in the Vehicles & Parts industry
Industry Median: 19.835 vs TPE:2231: 32.62

CUB Elecparts had a gross margin of 23.65% for the quarter that ended in Dec. 2025 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for CUB Elecparts was -4.10% per year.


CUB Elecparts  (TPE:2231) 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

CUB Elecparts had a gross margin of 23.65% 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.


CUB Elecparts Gross Margin % Related Terms


CUB Elecparts Gross Margin % Historical Data

* Premium members only.

The historical data trend for CUB Elecparts'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.

CUB Elecparts Gross Margin % Chart

CUB Elecparts 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 40.95 41.54 39.75 32.87 32.62

CUB Elecparts 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 31.32 41.74 35.15 31.87 23.65

TPE:2231 vs ORLY, AZO: Gross Margin % Comparison

For the Auto Parts subindustry, CUB Elecparts'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.


CUB Elecparts Gross Margin % vs Vehicles & Parts Industry

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

* The bar in red indicates where CUB Elecparts's Gross Margin % falls into.


TPE:2231
69GF Score
CUB Elecparts Inc TPE:2231
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CUB Elecparts Gross Margin % Calculation

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

CUB Elecparts'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 )
=1191.9 / 3653.94
=(Revenue - Cost of Goods Sold) / Revenue
=(3653.94 - 2462.004) / 3653.94
=32.62 %

CUB Elecparts'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 )
=248.9 / 1052.727
=(Revenue - Cost of Goods Sold) / Revenue
=(1052.727 - 803.782) / 1052.727
=23.65 %

* 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 23.65% mean?
CUB Elecparts (TPE:2231) has a Gross Margin % of 23.65% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on CUB Elecparts and its competitors. This is 43% below median its historical median of 41.25. Over the past decade, CUB Elecparts' Gross Margin % has ranged from 32.62 to 54.29. According to the industry distribution chart, CUB Elecparts ranks #299 out of 1308 companies in the Vehicles & Parts industry, placing it in the top 22.9%.
Is CUB Elecparts' Gross Margin % too high?
CUB Elecparts' current Gross Margin % of 23.65% is 43% below median its 10-year median of 41.25. Over the past 10 years, this metric has ranged from a low of 32.62 to a high of 54.29. The Vehicles & Parts industry median Gross Margin % is 19.84. CUB Elecparts' value of 23.65% is 19.2% above this industry median. Based on the distribution chart, CUB Elecparts ranks #299 out of 1308 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, CUB Elecparts has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CUB Elecparts' Gross Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, CUB Elecparts ranks #299 out of 1308 companies for Gross Margin %. This places CUB Elecparts in the top 23% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 19.84. CUB Elecparts' value of 23.65% is 19.2% above this benchmark. Historically, CUB Elecparts' own Gross Margin % has ranged from 32.62 to 54.29 over the past decade. While the company's 10-year median is 41.25 vs. the industry median of 19.84, CUB Elecparts 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 Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.84, based on 1,308 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. CUB Elecparts's current Gross Margin % of 23.65% is 19.2% 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 CUB Elecparts 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. CUB Elecparts's current Gross Margin % is 23.65%, which is 43% below median its own 10-year median of 41.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CUB Elecparts stock overvalued right now?
Based on GuruFocus' analysis, CUB Elecparts (TPE:2231) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$101.56, compared to a current price of NT$115.50 — trading 13.7% above its estimated fair value. The current Gross Margin % is 23.65%, which is 43% below median its 10-year median of 41.25 and 19.2% above the Vehicles & Parts industry median of 19.84. CUB Elecparts' overall GF Score™ is 69/100 with 8 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 CUB Elecparts (TPE:2231), the current Gross Margin % is 23.65% 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 CUB Elecparts (TPE:2231) Overvalued in 2026?

Based on GuruFocus' analysis, CUB Elecparts stock appears to be overvalued. The current stock price of NT$115.50 is trading 13.7% above its estimated GF Value™ of NT$101.56. GuruFocus considers CUB Elecparts to be Modestly Overvalued.

Key valuation signals for TPE:2231:

  • Gross Margin %: 23.65% (43% below median its 10-year median of 41.25)
  • GF Value™: NT$101.56 vs. price of NT$115.50 (13.7% above fair value)
  • GF Score™: 69/100 with 8 warning signs
  • Industry Position: 19.2% above the Vehicles & Parts median (#299 of 1308)

No single metric tells the full story. See the TPE:2231 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CUB Elecparts Business Description

Address Lane 546, Section 6, Zhanglu Road, No. 6, Fuhsin Township, Changhua County, Changhua, TWN
CUB Elecparts Inc is engaged in the manufacturing, processing, trading, and project construction of various automobile parts, motor switches, electrical products, communications electronic products, and computer peripheral equipment. Its product offerings include tire pressure monitoring systems, driver assistance systems for vehicles, ignition lock switches, combination switches, ABS speed sensors, camshaft position sensors, etc. The Group's reportable segments are: Auto Parts, and Communication Equipment and Engineering. Maximum revenue is generated from the Auto Parts segment, which offers various auto parts and automobile and motorcycle motor switches. Geographically, the Group derives maximum revenue from the USA, and the rest from Taiwan, China, Germany, and other markets.
69GF Score

Get the complete analysis for TPE:2231

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

NT$115.50
Price
NT$101.56
GF Value