Leadtek ResearchTPE:2465 +10.00%66 Gross Margin % is 10.44% as of Dec. 2025, which is 22% below its 10-year median of 13.31. GuruFocus rates TPE:2465 with a GF Score™ of 66/100 and a GF Value™ of NT$55.83 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,450 Hardware companies, Leadtek Research ranks worse than 84.49% on this metric.
Leadtek Research Inc gross margin has been in long-term decline. The average rate of decline per year is -9%.
The historical rank and industry rank for Leadtek Research's Gross Margin % or its related term are showing as below:
TPE:2465'
s Gross Margin % Range Over the Past 10 Years
Min: 8.02 Med: 13.31 Max: 17.79
Current: 10.08
During the past 13 years, the highestGross Margin % of Leadtek Research was 17.79%. The lowest was 8.02%. And the median was 13.31%.
TPE:2465's Gross Margin % is ranked worse than 84.49% of 2450
companies
in the Hardware industry
Industry Median: 24.5
vs TPE:2465: 10.08
Leadtek Research had a gross margin of 10.44% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Leadtek Research was -9.00% per year.
Leadtek Research (TPE:2465) 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
Leadtek Research had a gross margin of 10.44% 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.
Leadtek Research Gross Margin % Related Terms
Leadtek Research Gross Margin % Historical Data
* Premium members only.
The historical data trend for Leadtek Research'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:2465 vs SNDK, DELL, STX: Gross Margin % Comparison
For the Computer Hardware subindustry, Leadtek Research'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.
Leadtek Research Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Leadtek Research's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Leadtek Research'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.
Leadtek Research (TPE:2465) has a Gross Margin % of 10.44% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Leadtek Research and its competitors. This is 22% below median its historical median of 13.31. Over the past decade, Leadtek Research's Gross Margin % has ranged from 8.02 to 17.79. According to the industry distribution chart, Leadtek Research ranks #2070 out of 2450 companies in the Hardware industry, placing it in the top 84.5%.
Is Leadtek Research's Gross Margin % too high?
Leadtek Research's current Gross Margin % of 10.44% is 22% below median its 10-year median of 13.31. Over the past 10 years, this metric has ranged from a low of 8.02 to a high of 17.79. The Hardware industry median Gross Margin % is 24.50. Leadtek Research's value of 10.44% is 57.4% below this industry median. Based on the distribution chart, Leadtek Research ranks #2070 out of 2450 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Leadtek Research has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leadtek Research's Gross Margin % compare to SNDK and DELL?
According to the Hardware industry distribution chart, Leadtek Research ranks #2070 out of 2450 companies for Gross Margin %. This places Leadtek Research in the lower half of its industry. The industry median Gross Margin % is 24.50. Leadtek Research's value of 10.44% is 57.4% below this benchmark. Historically, Leadtek Research's own Gross Margin % has ranged from 8.02 to 17.79 over the past decade. While the company's 10-year median is 13.31 vs. the industry median of 24.50, Leadtek Research 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 Hardware company?
The median Gross Margin % among Hardware companies is 24.50, based on 2,450 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. Leadtek Research's current Gross Margin % of 10.44% is 57.4% 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 Leadtek Research and its competitors. For the Hardware industry, the median Gross Margin % is 24.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leadtek Research's current Gross Margin % is 10.44%, which is 22% below median its own 10-year median of 13.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leadtek Research stock overvalued right now?
Based on GuruFocus' analysis, Leadtek Research (TPE:2465) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$55.83, compared to a current price of NT$81.40 — trading 45.8% above its estimated fair value. The current Gross Margin % is 10.44%, which is 22% below median its 10-year median of 13.31 and 57.4% below the Hardware industry median of 24.50. Leadtek Research's overall GF Score™ is 66/100 with 3 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 Leadtek Research (TPE:2465), the current Gross Margin % is 10.44% 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 Leadtek Research (TPE:2465) Overvalued in 2026?
Based on GuruFocus' analysis, Leadtek Research stock appears to be overvalued.
The current stock price of NT$81.40 is trading 45.8% above its estimated GF Value™ of NT$55.83.
GuruFocus considers Leadtek Research to be Significantly Overvalued.
Key valuation signals for TPE:2465:
Gross Margin %: 10.44% (22% below median its 10-year median of 13.31)
GF Value™: NT$55.83 vs. price of NT$81.40 (45.8% above fair value)
Industry Position: 57.4% below the Hardware median (#2070 of 2450)
No single metric tells the full story. See the TPE:2465 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Leadtek Research Inc is the design, manufacturing, and trading of communication devices, computers, communications, telecommunications, and peripheral equipment. Company has two reportable segments: the computer product department and the smart healthcare department. The products offered by the company include computer entertainment graphics cards, AI Inference devices, AI cloud supercomputing workstations, GPU-based AI workstations, servers, and professional graphics cards (WinFast/RTX). The company has expanded beyond computer hardware into smart medical healthcare, offering AI-driven diagnostic devices, wearable ECG monitors, and health management platforms and others. Geographically, company's regional market includes Mainland China, Taiwan, USA, Hong Kong, Korea and other countries.
66GF 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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