Hiyes International CoTPE:2348 +1.87%74 Gross Margin % is 34.04% as of Dec. 2025, which is 22% below its 10-year median of 43.67. GuruFocus rates TPE:2348 with a GF Score™ of 74/100 and a GF Value™ of NT$116.72 (Possible Value Trap). The stock has 11 warning signs investors should review. Among 1,642 Real Estate companies, Hiyes International Co ranks worse than 51.22% on this metric.
TPE:2348's Gross Margin % is ranked worse than 51.22% of 1642
companies
in the Real Estate industry
Industry Median: 36.975
vs TPE:2348: 36.00
Hiyes International Co had a gross margin of 34.04% for the quarter that ended in Dec. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Hiyes International Co was -10.10% per year.
Hiyes International Co (TPE:2348) 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
Hiyes International Co had a gross margin of 34.04% 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.
Hiyes International Co Gross Margin % Related Terms
Hiyes International Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Hiyes International Co'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:2348 vs CBRE, BEKE, JLL: Gross Margin % Comparison
For the Real Estate Services subindustry, Hiyes International Co'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.
Hiyes International Co Gross Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Hiyes International Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Hiyes International Co'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.
Hiyes International Co (TPE:2348) has a Gross Margin % of 34.04% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Hiyes International Co and its competitors. This is 22% below median its historical median of 43.67. Over the past decade, Hiyes International Co's Gross Margin % has ranged from 30.70 to 59.05. According to the industry distribution chart, Hiyes International Co ranks #841 out of 1642 companies in the Real Estate industry, placing it in the top 51.2%.
Is Hiyes International Co's Gross Margin % too high?
Hiyes International Co's current Gross Margin % of 34.04% is 22% below median its 10-year median of 43.67. Over the past 10 years, this metric has ranged from a low of 30.70 to a high of 59.05. The Real Estate industry median Gross Margin % is 36.98. Hiyes International Co's value of 34.04% is 7.9% below this industry median. Based on the distribution chart, Hiyes International Co ranks #841 out of 1642 companies in the Real Estate industry, which is below the industry midpoint. Overall, Hiyes International Co has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hiyes International Co's Gross Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Hiyes International Co ranks #841 out of 1642 companies for Gross Margin %. This places Hiyes International Co in the lower half of its industry. The industry median Gross Margin % is 36.98. Hiyes International Co's value of 34.04% is 7.9% below this benchmark. Historically, Hiyes International Co's own Gross Margin % has ranged from 30.70 to 59.05 over the past decade. While the company's 10-year median is 43.67 vs. the industry median of 36.98, Hiyes International Co 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 Real Estate company?
The median Gross Margin % among Real Estate companies is 36.98, based on 1,642 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. Hiyes International Co's current Gross Margin % of 34.04% is 7.9% 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 Hiyes International Co and its competitors. For the Real Estate industry, the median Gross Margin % is 36.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiyes International Co's current Gross Margin % is 34.04%, which is 22% below median its own 10-year median of 43.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiyes International Co stock overvalued right now?
Based on GuruFocus' analysis, Hiyes International Co (TPE:2348) is currently considered Possible Value Trap. The stock's GF Value™ is NT$116.72, compared to a current price of NT$76.10 — trading 34.8% below its estimated fair value. The current Gross Margin % is 34.04%, which is 22% below median its 10-year median of 43.67 and 7.9% below the Real Estate industry median of 36.98. Hiyes International Co's overall GF Score™ is 74/100 with 11 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 Hiyes International Co (TPE:2348), the current Gross Margin % is 34.04% 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 Hiyes International Co (TPE:2348) Overvalued in 2026?
Based on GuruFocus' analysis, Hiyes International Co stock appears to be undervalued.
The current stock price of NT$76.10 is trading 34.8% below its estimated GF Value™ of NT$116.72.
GuruFocus considers Hiyes International Co to be Possible Value Trap.
Key valuation signals for TPE:2348:
Gross Margin %: 34.04% (22% below median its 10-year median of 43.67)
GF Value™: NT$116.72 vs. price of NT$76.10 (34.8% below fair value)
Industry Position: 7.9% below the Real Estate median (#841 of 1642)
No single metric tells the full story. See the TPE:2348 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hiyes International Co Ltd operates in the real estate industry. The Company has two reporting segments: the agency sales segment of real estate, and the construction segment, in which the former engages in the brokerage of real estate sales, and the construction segment engages in the operation and construction of residential houses, sales of real estate, and other related businesses.
74GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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