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
Taiwan Printed Circuit Board Techvest had a gross margin of 11.05% 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.
Taiwan Printed Circuit Board Techvest Gross Margin % Related Terms
Taiwan Printed Circuit Board Techvest 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.
For the Electronic Components subindustry, Taiwan Printed Circuit Board Techvest'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.
Taiwan Printed Circuit Board Techvest Gross Margin % vs Hardware Industry
* 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.
Taiwan Printed Circuit Board Techvest (TPE:8213) has a Gross Margin % of 11.05% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Taiwan Printed Circuit Board Techvest and its competitors. This is 25% below median its historical median of 14.74. Over the past decade, Taiwan Printed Circuit Board Techvest's Gross Margin % has ranged from 11.53 to 15.72. According to the industry distribution chart, Taiwan Printed Circuit Board Techvest ranks #1998 out of 2454 companies in the Hardware industry, placing it in the top 81.4%.
Is Taiwan Printed Circuit Board Techvest's Gross Margin % too high?
Taiwan Printed Circuit Board Techvest's current Gross Margin % of 11.05% is 25% below median its 10-year median of 14.74. Over the past 10 years, this metric has ranged from a low of 11.53 to a high of 15.72. The Hardware industry median Gross Margin % is 24.53. Taiwan Printed Circuit Board Techvest's value of 11.05% is 55% below this industry median. Based on the distribution chart, Taiwan Printed Circuit Board Techvest ranks #1998 out of 2454 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Taiwan Printed Circuit Board Techvest has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Printed Circuit Board Techvest's Gross Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, Taiwan Printed Circuit Board Techvest ranks #1998 out of 2454 companies for Gross Margin %. This places Taiwan Printed Circuit Board Techvest in the lower half of its industry. The industry median Gross Margin % is 24.53. Taiwan Printed Circuit Board Techvest's value of 11.05% is 55% below this benchmark. Historically, Taiwan Printed Circuit Board Techvest's own Gross Margin % has ranged from 11.53 to 15.72 over the past decade. While the company's 10-year median is 14.74 vs. the industry median of 24.53, Taiwan Printed Circuit Board Techvest 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 24.53, based on 2,454 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. Taiwan Printed Circuit Board Techvest's current Gross Margin % of 11.05% is 55% 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 Taiwan Printed Circuit Board Techvest and its competitors. For the Hardware industry, the median Gross Margin % is 24.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Printed Circuit Board Techvest's current Gross Margin % is 11.05%, which is 25% below median its own 10-year median of 14.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Printed Circuit Board Techvest stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Printed Circuit Board Techvest (TPE:8213) is currently considered Fairly Valued. The stock's GF Value™ is NT$36.21, compared to a current price of NT$35.60 — trading 1.7% below its estimated fair value. The current Gross Margin % is 11.05%, which is 25% below median its 10-year median of 14.74 and 55% below the Hardware industry median of 24.53. Taiwan Printed Circuit Board Techvest's overall GF Score™ is 76/100 with 6 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 Taiwan Printed Circuit Board Techvest (TPE:8213), the current Gross Margin % is 11.05% 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 Taiwan Printed Circuit Board Techvest (TPE:8213) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Printed Circuit Board Techvest stock appears to be undervalued.
The current stock price of NT$35.60 is trading 1.7% below its estimated GF Value™ of NT$36.21.
GuruFocus considers Taiwan Printed Circuit Board Techvest to be Fairly Valued.
Key valuation signals for TPE:8213:
Gross Margin %: 11.05% (25% below median its 10-year median of 14.74)
GF Value™: NT$36.21 vs. price of NT$35.60 (1.7% below fair value)
Industry Position: 55% below the Hardware median (#1998 of 2454)
No single metric tells the full story. See the TPE:8213 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Printed Circuit Board Techvest Business Description
Taiwan Printed Circuit Board Techvest Ltd is a manufacturing service company that manufactures and sells electronic components and printed circuit boards. The product portfolio includes liquid crystal display boards, notebook boards, LCD high-order displays, LED boards, and aluminum plates. The company has factories in Taiwan, Vietnam and China.
76GF Score
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