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Mirle Automation CoTPE:2464 +2.79%53 Gross Margin % is 17.62% as of Dec. 2025, which is 4% below its 10-year median of 18.41. GuruFocus rates TPE:2464 with a GF Score™ of 53/100 and a GF Value™ of NT$54.53 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,998 Industrial Products companies, Mirle Automation Co ranks worse than 71.98% on this metric.
Mirle Automation Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.8%.
The historical rank and industry rank for Mirle Automation Co's Gross Margin % or its related term are showing as below:
TPE:2464'
s Gross Margin % Range Over the Past 10 Years
Min: 15.83 Med: 18.41 Max: 21.14
Current: 18.63
During the past 13 years, the highestGross Margin % of Mirle Automation Co was 21.14%. The lowest was 15.83%. And the median was 18.41%.
TPE:2464's Gross Margin % is ranked worse than 71.98% of 2998
companies
in the Industrial Products industry
Industry Median: 26.84
vs TPE:2464: 18.63
Mirle Automation Co had a gross margin of 17.62% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Mirle Automation Co was -2.80% per year.
Mirle Automation Co (TPE:2464) 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
Mirle Automation Co had a gross margin of 17.62% 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.
Mirle Automation Co Gross Margin % Related Terms
Mirle Automation Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Mirle Automation 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:2464 vs GEV, ETN, PH: Gross Margin % Comparison
For the Specialty Industrial Machinery subindustry, Mirle Automation 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.
Mirle Automation Co Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mirle Automation Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Mirle Automation 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.
Mirle Automation Co (TPE:2464) has a Gross Margin % of 17.62% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Mirle Automation Co and its competitors. This is near median its historical median of 18.41. Over the past decade, Mirle Automation Co's Gross Margin % has ranged from 15.83 to 21.14. According to the industry distribution chart, Mirle Automation Co ranks #2158 out of 2998 companies in the Industrial Products industry, placing it in the top 72%.
Is Mirle Automation Co's Gross Margin % too high?
Mirle Automation Co's current Gross Margin % of 17.62% is near median its 10-year median of 18.41. Over the past 10 years, this metric has ranged from a low of 15.83 to a high of 21.14. The Industrial Products industry median Gross Margin % is 26.84. Mirle Automation Co's value of 17.62% is 34.4% below this industry median. Based on the distribution chart, Mirle Automation Co ranks #2158 out of 2998 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Mirle Automation Co has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mirle Automation Co's Gross Margin % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Mirle Automation Co ranks #2158 out of 2998 companies for Gross Margin %. This places Mirle Automation Co in the lower half of its industry. The industry median Gross Margin % is 26.84. Mirle Automation Co's value of 17.62% is 34.4% below this benchmark. Historically, Mirle Automation Co's own Gross Margin % has ranged from 15.83 to 21.14 over the past decade. While the company's 10-year median is 18.41 vs. the industry median of 26.84, Mirle Automation 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 an Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.84, based on 2,998 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. Mirle Automation Co's current Gross Margin % of 17.62% is 34.4% 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 Mirle Automation Co and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mirle Automation Co's current Gross Margin % is 17.62%, which is near median its own 10-year median of 18.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mirle Automation Co stock overvalued right now?
Based on GuruFocus' analysis, Mirle Automation Co (TPE:2464) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$54.53, compared to a current price of NT$166.00 — trading 204.4% above its estimated fair value. The current Gross Margin % is 17.62%, which is near median its 10-year median of 18.41 and 34.4% below the Industrial Products industry median of 26.84. Mirle Automation Co's overall GF Score™ is 53/100 with 2 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 Mirle Automation Co (TPE:2464), the current Gross Margin % is 17.62% 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 Mirle Automation Co (TPE:2464) Overvalued in 2026?
Based on GuruFocus' analysis, Mirle Automation Co stock appears to be overvalued.
The current stock price of NT$166.00 is trading 204.4% above its estimated GF Value™ of NT$54.53.
GuruFocus considers Mirle Automation Co to be Significantly Overvalued.
Key valuation signals for TPE:2464:
Gross Margin %: 17.62% (near median its 10-year median of 18.41)
GF Value™: NT$54.53 vs. price of NT$166.00 (204.4% above fair value)
Industry Position: 34.4% below the Industrial Products median (#2158 of 2998)
No single metric tells the full story. See the TPE:2464 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mirle Automation Co Ltd is engaged in automation system integrators and related product manufacturing. It is mainly engaged in the business of automation equipment systems and their components, various parking facilities, medical equipment, and the design, development, production, and sale of automation equipment used in these products, and also provides after-sales services for the products. It is also engaged in the leasing business and develops and sells software and databases. Its segments are the intelligent automation system and equipment, which derive key revenue, and the digital technology products and industrial controllers. Geographically, it derives key revenue from Taiwan. Product-wise, it generates the majority of its revenue from Semiconductor automation systems.
53GF Score
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