Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Gross Margin % is calculated as gross profit divided by its revenue. APCB's Gross Profit for the
three
months ended in Dec. 2025 was NT$-34 Mil. APCB's Revenue for the
three
months ended in Dec. 2025 was NT$1,023 Mil. Therefore, APCB's Gross Margin % for the quarter that ended in Dec. 2025 was -3.33%.
Warning Sign:
APCB Inc gross margin has been in long-term decline. The average rate of decline per year is -22.7%.
The historical rank and industry rank for APCB's Gross Margin % or its related term are showing as below:
TPE:6108'
s Gross Margin % Range Over the Past 10 Years
Min: 3.34 Med: 12.89 Max: 16.8
Current: 4.34
During the past 13 years, the highestGross Margin % of APCB was 16.80%. The lowest was 3.34%. And the median was 12.89%.
TPE:6108's Gross Margin % is ranked worse than 94.1% of 2457
companies
in the Hardware industry
Industry Median: 24.54
vs TPE:6108: 4.34
APCB had a gross margin of -3.33% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for APCB was -22.70% per year.
APCB (TPE:6108) 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
APCB had a gross margin of -3.33% 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.
APCB Gross Margin % Related Terms
APCB Gross Margin % Historical Data
* Premium members only.
The historical data trend for APCB'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.
For the Electronic Components subindustry, APCB'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.
APCB Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, APCB's Gross Margin % distribution charts can be found below:
* The bar in red indicates where APCB'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.
APCB (TPE:6108) has a Gross Margin % of -3.33% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on APCB and its competitors. Over the past decade, APCB's Gross Margin % has ranged from 3.34 to 16.80. According to the industry distribution chart, APCB ranks #2312 out of 2457 companies in the Hardware industry, placing it in the top 94.1%.
Is APCB's Gross Margin % too high?
APCB's current Gross Margin % is -3.33%. Over the past 10 years, this metric has ranged from a low of 3.34 to a high of 16.80. Based on the distribution chart, APCB ranks #2312 out of 2457 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, APCB has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does APCB's Gross Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, APCB ranks #2312 out of 2457 companies for Gross Margin %. This places APCB in the lower half of its industry. The industry median Gross Margin % is 24.54. Historically, APCB's own Gross Margin % has ranged from 3.34 to 16.80 over the past decade. 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 24.54, based on 2,457 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 APCB and its competitors. For the Hardware industry, the median Gross Margin % is 24.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. APCB's current Gross Margin % is -3.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APCB stock overvalued right now?
Based on GuruFocus' analysis, APCB (TPE:6108) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$12.20, compared to a current price of NT$17.45 — trading 43% above its estimated fair value. The current Gross Margin % is -3.33%. APCB's overall GF Score™ is 57/100 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 APCB (TPE:6108), the current Gross Margin % is -3.33% 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 APCB (TPE:6108) Overvalued in 2026?
Based on GuruFocus' analysis, APCB stock appears to be overvalued.
The current stock price of NT$17.45 is trading 43% above its estimated GF Value™ of NT$12.20.
GuruFocus considers APCB to be Significantly Overvalued.
Key valuation signals for TPE:6108:
Gross Margin %: -3.33%
GF Value™: NT$12.20 vs. price of NT$17.45 (43% above fair value)
No single metric tells the full story. See the TPE:6108 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
APCB Inc engages in the production and sale of printed circuit boards in Taiwan and internationally. The company products include double-sided printed circuit boards and multi-layer printed circuit boards. It offers NB boards for memory modules, notebook computers, and network cards; TFT/LCDs. The Group consists of three reporting segments: Taiwan, Mainland China, and Thailand, of which majority revenue is derived from China.
57GF Score
Get the complete analysis for TPE:6108
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:6108 has been successfully added to your 
