Kee Tai Properties Co (TPE:2538) Gross Margin %: 97.34% (As of Dec. 2025) — 67% Above Median

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TPE:2538 Kee Tai Properties Co Ltd TPE:2538
75 GF Score
Price NT$9.86
GF Value NT$9.54
Valuation Fairly Valued
! 7 Warning Signs
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What is Kee Tai Properties Co Gross Margin %?

Kee Tai Properties Co TPE:2538 -0.40% 75 Gross Margin % is 97.34% as of Dec. 2025, which is 67% above its 10-year median of 58.13. GuruFocus rates TPE:2538 with a GF Score™ of 75/100 and a GF Value™ of NT$9.54 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,641 Real Estate companies, Kee Tai Properties Co ranks better than 90.55% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Kee Tai Properties Co's Gross Profit for the three months ended in Dec. 2025 was NT$88.9 Mil. Kee Tai Properties Co's Revenue for the three months ended in Dec. 2025 was NT$91.3 Mil. Therefore, Kee Tai Properties Co's Gross Margin % for the quarter that ended in Dec. 2025 was 97.34%.


The historical rank and industry rank for Kee Tai Properties Co's Gross Margin % or its related term are showing as below:

TPE:2538' s Gross Margin % Range Over the Past 10 Years
Min: 31.8   Med: 58.13   Max: 83.52
Current: 83.52


During the past 13 years, the highest Gross Margin % of Kee Tai Properties Co was 83.52%. The lowest was 31.80%. And the median was 58.13%.

TPE:2538's Gross Margin % is ranked better than
90.55% of 1641 companies
in the Real Estate industry
Industry Median: 36.95 vs TPE:2538: 83.52

Kee Tai Properties Co had a gross margin of 97.34% for the quarter that ended in Dec. 2025 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Kee Tai Properties Co was 8.90% per year.


Kee Tai Properties Co  (TPE:2538) 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

Kee Tai Properties Co had a gross margin of 97.34% 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.


Kee Tai Properties Co Gross Margin % Related Terms


Kee Tai Properties Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Kee Tai Properties 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.

Kee Tai Properties Co Gross Margin % Chart

Kee Tai Properties Co 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 61.24 75.44 71.64 33.54 83.52

Kee Tai Properties Co 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 56.21 62.85 88.12 86.97 97.34

Kee Tai Properties Co Gross Margin % Competitor Comparison

For the Real Estate - Development subindustry, Kee Tai Properties 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.


Kee Tai Properties Co Gross Margin % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Kee Tai Properties Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Kee Tai Properties Co's Gross Margin % falls into.


TPE:2538
75GF Score
Kee Tai Properties Co Ltd TPE:2538
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kee Tai Properties Co Gross Margin % Calculation

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

Kee Tai Properties Co'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 )
=249.5 / 298.724
=(Revenue - Cost of Goods Sold) / Revenue
=(298.724 - 49.24) / 298.724
=83.52 %

Kee Tai Properties Co'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 )
=88.9 / 91.293
=(Revenue - Cost of Goods Sold) / Revenue
=(91.293 - 2.424) / 91.293
=97.34 %

* 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 97.34% mean?
Kee Tai Properties Co (TPE:2538) has a Gross Margin % of 97.34% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Kee Tai Properties Co and its competitors. This is 67% above median its historical median of 58.13. Over the past decade, Kee Tai Properties Co's Gross Margin % has ranged from 31.80 to 83.52. According to the industry distribution chart, Kee Tai Properties Co ranks #155 out of 1641 companies in the Real Estate industry, placing it in the top 9.4%.
Is Kee Tai Properties Co's Gross Margin % too high?
Kee Tai Properties Co's current Gross Margin % of 97.34% is 67% above median its 10-year median of 58.13. Over the past 10 years, this metric has ranged from a low of 31.80 to a high of 83.52. The Real Estate industry median Gross Margin % is 36.95. Kee Tai Properties Co's value of 97.34% is 163.4% above this industry median. Based on the distribution chart, Kee Tai Properties Co ranks #155 out of 1641 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Kee Tai Properties Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kee Tai Properties Co's Gross Margin % compare to competitors?
According to the Real Estate industry distribution chart, Kee Tai Properties Co ranks #155 out of 1641 companies for Gross Margin %. This places Kee Tai Properties Co in the top 9% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 36.95. Kee Tai Properties Co's value of 97.34% is 163.4% above this benchmark. Historically, Kee Tai Properties Co's own Gross Margin % has ranged from 31.80 to 83.52 over the past decade. While the company's 10-year median is 58.13 vs. the industry median of 36.95, Kee Tai Properties 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 Real Estate company?
The median Gross Margin % among Real Estate companies is 36.95, based on 1,641 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. Kee Tai Properties Co's current Gross Margin % of 97.34% is 163.4% 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 Kee Tai Properties Co and its competitors. For the Real Estate industry, the median Gross Margin % is 36.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kee Tai Properties Co's current Gross Margin % is 97.34%, which is 67% above median its own 10-year median of 58.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kee Tai Properties Co stock overvalued right now?
Based on GuruFocus' analysis, Kee Tai Properties Co (TPE:2538) is currently considered Fairly Valued. The stock's GF Value™ is NT$9.54, compared to a current price of NT$9.86 — trading 3.4% above its estimated fair value. The current Gross Margin % is 97.34%, which is 67% above median its 10-year median of 58.13 and 163.4% above the Real Estate industry median of 36.95. Kee Tai Properties Co's overall GF Score™ is 75/100 with 7 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 Kee Tai Properties Co (TPE:2538), the current Gross Margin % is 97.34% 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 Kee Tai Properties Co (TPE:2538) Overvalued in 2026?

Based on GuruFocus' analysis, Kee Tai Properties Co stock appears to be overvalued. The current stock price of NT$9.86 is trading 3.4% above its estimated GF Value™ of NT$9.54. GuruFocus considers Kee Tai Properties Co to be Fairly Valued.

Key valuation signals for TPE:2538:

  • Gross Margin %: 97.34% (67% above median its 10-year median of 58.13)
  • GF Value™: NT$9.54 vs. price of NT$9.86 (3.4% above fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 163.4% above the Real Estate median (#155 of 1641)

No single metric tells the full story. See the TPE:2538 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kee Tai Properties Co Business Description

Address Hengyang Road, 10th Floor, No. 51, Zhongzheng District, Taipei, TWN, 100504
Kee Tai Properties Co Ltd is engaged in the development of public housing through contracted construction enterprises. Its principal activities include the sale and leasing of residential and commercial properties, as well as construction waste clearance services. The majority of the company's revenue is derived from the sales of land and buildings.
75GF Score

Get the complete analysis for TPE:2538

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

NT$9.86
Price
NT$9.54
GF Value