TPE:2929's Gross Margin % is ranked worse than 86.96% of 1020
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.51
vs TPE:2929: 8.55
TOPBI International Holdings had a gross margin of -8.18% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
TOPBI International Holdings (TPE:2929) 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
TOPBI International Holdings had a gross margin of -8.18% 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.
TOPBI International Holdings Gross Margin % Related Terms
TOPBI International Holdings 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:2929 vs RL, LEVI, VFC: Gross Margin % Comparison
For the Apparel Manufacturing subindustry, TOPBI International Holdings'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.
TOPBI International Holdings Gross Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TOPBI International Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where TOPBI International Holdings'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.
TOPBI International Holdings (TPE:2929) has a Gross Margin % of -8.18% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on TOPBI International Holdings and its competitors. According to the industry distribution chart, TOPBI International Holdings ranks #887 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 87%.
Is TOPBI International Holdings' Gross Margin % too high?
TOPBI International Holdings' current Gross Margin % is -8.18%. Based on the distribution chart, TOPBI International Holdings ranks #887 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, TOPBI International Holdings has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TOPBI International Holdings' Gross Margin % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, TOPBI International Holdings ranks #887 out of 1020 companies for Gross Margin %. This places TOPBI International Holdings in the lower half of its industry. The industry median Gross Margin % is 28.51. 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 Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.51, based on 1,020 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. 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 TOPBI International Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOPBI International Holdings's current Gross Margin % is -8.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOPBI International Holdings stock overvalued right now?
Based on GuruFocus' analysis, TOPBI International Holdings (TPE:2929) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$7.80, compared to a current price of NT$5.90 — trading 24.4% below its estimated fair value. The current Gross Margin % is -8.18%. TOPBI International Holdings' overall GF Score™ is 69/100 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 TOPBI International Holdings (TPE:2929), the current Gross Margin % is -8.18% 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 TOPBI International Holdings (TPE:2929) Overvalued in 2026?
Based on GuruFocus' analysis, TOPBI International Holdings stock appears to be undervalued.
The current stock price of NT$5.90 is trading 24.4% below its estimated GF Value™ of NT$7.80.
GuruFocus considers TOPBI International Holdings to be Modestly Undervalued.
Key valuation signals for TPE:2929:
Gross Margin %: -8.18%
GF Value™: NT$7.80 vs. price of NT$5.90 (24.4% below fair value)
No single metric tells the full story. See the TPE:2929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOPBI International Holdings Ltd is a children's clothing manufacturer. Its products, which it sells under the TOPBI (Amoy) brand, are designed for middle-class families with children under 16 years old. Nearly half of the company's sales are from items designed for the 1- to 3-year-old age group. TOPBI sells its products through both company-owned stores and third-party distributors. The company focuses on reaching customers in the developing market in China, and its roughly 1,500 stores are in more than a dozen Chinese provinces.
69GF Score
Get the complete analysis for TPE:2929
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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