Good Will Instrument CoTPE:2423 75 Gross Margin % is 51.76% as of Dec. 2025, which is 3% above its 10-year median of 50.25. GuruFocus rates TPE:2423 with a GF Score™ of 75/100 and a GF Value™ of NT$41.46 (Significantly Overvalued). Among 2,453 Hardware companies, Good Will Instrument Co ranks better than 89.48% on this metric.
TPE:2423's Gross Margin % is ranked better than 89.48% of 2453
companies
in the Hardware industry
Industry Median: 24.52
vs TPE:2423: 52.93
Good Will Instrument Co had a gross margin of 51.76% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Good Will Instrument Co was 1.50% per year.
Good Will Instrument Co (TPE:2423) 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
Good Will Instrument Co had a gross margin of 51.76% for the quarter that ended in Dec. 2025 => Durable 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.
Good Will Instrument Co Gross Margin % Related Terms
Good Will Instrument Co Gross Margin % Historical Data
* 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:2423 vs COHR, KEYS, GRMN: Gross Margin % Comparison
For the Scientific & Technical Instruments subindustry, Good Will Instrument 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.
Good Will Instrument Co Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Good Will Instrument Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Good Will Instrument 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.
Good Will Instrument Co (TPE:2423) has a Gross Margin % of 51.76% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Good Will Instrument Co and its competitors. This is near median its historical median of 50.25. Over the past decade, Good Will Instrument Co's Gross Margin % has ranged from 48.35 to 52.93. According to the industry distribution chart, Good Will Instrument Co ranks #258 out of 2453 companies in the Hardware industry, placing it in the top 10.5%.
Is Good Will Instrument Co's Gross Margin % too high?
Good Will Instrument Co's current Gross Margin % of 51.76% is near median its 10-year median of 50.25. Over the past 10 years, this metric has ranged from a low of 48.35 to a high of 52.93. The Hardware industry median Gross Margin % is 24.52. Good Will Instrument Co's value of 51.76% is 111.1% above this industry median. Based on the distribution chart, Good Will Instrument Co ranks #258 out of 2453 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Good Will Instrument Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Good Will Instrument Co's Gross Margin % compare to COHR and KEYS?
According to the Hardware industry distribution chart, Good Will Instrument Co ranks #258 out of 2453 companies for Gross Margin %. This places Good Will Instrument Co in the top 11% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 24.52. Good Will Instrument Co's value of 51.76% is 111.1% above this benchmark. Historically, Good Will Instrument Co's own Gross Margin % has ranged from 48.35 to 52.93 over the past decade. While the company's 10-year median is 50.25 vs. the industry median of 24.52, Good Will Instrument Co 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 Hardware company?
The median Gross Margin % among Hardware companies is 24.52, based on 2,453 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. Good Will Instrument Co's current Gross Margin % of 51.76% is 111.1% 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 Good Will Instrument Co and its competitors. For the Hardware industry, the median Gross Margin % is 24.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Good Will Instrument Co's current Gross Margin % is 51.76%, which is near median its own 10-year median of 50.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Good Will Instrument Co stock overvalued right now?
Based on GuruFocus' analysis, Good Will Instrument Co (TPE:2423) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$41.46, compared to a current price of NT$73.20 — trading 76.6% above its estimated fair value. The current Gross Margin % is 51.76%, which is near median its 10-year median of 50.25 and 111.1% above the Hardware industry median of 24.52. Good Will Instrument Co's overall GF Score™ is 75/100. 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 Good Will Instrument Co (TPE:2423), the current Gross Margin % is 51.76% 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 Good Will Instrument Co (TPE:2423) Overvalued in 2026?
Based on GuruFocus' analysis, Good Will Instrument Co stock appears to be overvalued.
The current stock price of NT$73.20 is trading 76.6% above its estimated GF Value™ of NT$41.46.
GuruFocus considers Good Will Instrument Co to be Significantly Overvalued.
Key valuation signals for TPE:2423:
Gross Margin %: 51.76% (near median its 10-year median of 50.25)
GF Value™: NT$41.46 vs. price of NT$73.20 (76.6% above fair value)
Industry Position: 111.1% above the Hardware median (#258 of 2453)
No single metric tells the full story. See the TPE:2423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Good Will Instrument Co Ltd manufactures and sells electrical testing instruments, communication equipment, and related products. Its products include oscilloscopes, spectrum analyzers, signal sources, power supplies, public broadcasting and video monitoring systems, environmental testing equipment, constant temperature and humidity equipment, and vibration test equipment, among others. Geographically, the company generates a majority of its revenue from China and the rest from Japan, Taiwan, America, Europe, and other countries.
75GF Score
Get the complete analysis for TPE:2423
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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