Merida Industry CoTPE:9914 +0.38%71 Gross Margin % is 10.02% as of Dec. 2025, which is 29% below its 10-year median of 14.05. GuruFocus rates TPE:9914 with a GF Score™ of 71/100 and a GF Value™ of NT$136.64 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 792 Travel & Leisure companies, Merida Industry Co ranks worse than 90.15% on this metric.
The historical rank and industry rank for Merida Industry Co's Gross Margin % or its related term are showing as below:
TPE:9914'
s Gross Margin % Range Over the Past 10 Years
Min: 11.97 Med: 14.05 Max: 18.76
Current: 14.1
During the past 13 years, the highestGross Margin % of Merida Industry Co was 18.76%. The lowest was 11.97%. And the median was 14.05%.
TPE:9914's Gross Margin % is ranked worse than 90.15% of 792
companies
in the Travel & Leisure industry
Industry Median: 43.97
vs TPE:9914: 14.10
Merida Industry Co had a gross margin of 10.02% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Merida Industry Co was 2.70% per year.
Merida Industry Co (TPE:9914) 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
Merida Industry Co had a gross margin of 10.02% 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.
Merida Industry Co Gross Margin % Related Terms
Merida Industry Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Merida Industry 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.
TPE:9914 vs AS, HAS, LTH: Gross Margin % Comparison
For the Leisure subindustry, Merida Industry 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.
Merida Industry Co Gross Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Merida Industry Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Merida Industry Co'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.
Merida Industry Co (TPE:9914) has a Gross Margin % of 10.02% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Merida Industry Co and its competitors. This is 29% below median its historical median of 14.05. Over the past decade, Merida Industry Co's Gross Margin % has ranged from 11.97 to 18.76. According to the industry distribution chart, Merida Industry Co ranks #714 out of 792 companies in the Travel & Leisure industry, placing it in the top 90.2%.
Is Merida Industry Co's Gross Margin % too high?
Merida Industry Co's current Gross Margin % of 10.02% is 29% below median its 10-year median of 14.05. Over the past 10 years, this metric has ranged from a low of 11.97 to a high of 18.76. The Travel & Leisure industry median Gross Margin % is 43.97. Merida Industry Co's value of 10.02% is 77.2% below this industry median. Based on the distribution chart, Merida Industry Co ranks #714 out of 792 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Merida Industry Co has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merida Industry Co's Gross Margin % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Merida Industry Co ranks #714 out of 792 companies for Gross Margin %. This places Merida Industry Co in the lower half of its industry. The industry median Gross Margin % is 43.97. Merida Industry Co's value of 10.02% is 77.2% below this benchmark. Historically, Merida Industry Co's own Gross Margin % has ranged from 11.97 to 18.76 over the past decade. While the company's 10-year median is 14.05 vs. the industry median of 43.97, Merida Industry Co 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 Travel & Leisure company?
The median Gross Margin % among Travel & Leisure companies is 43.97, based on 792 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. Merida Industry Co's current Gross Margin % of 10.02% is 77.2% 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 Merida Industry Co and its competitors. For the Travel & Leisure industry, the median Gross Margin % is 43.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merida Industry Co's current Gross Margin % is 10.02%, which is 29% below median its own 10-year median of 14.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merida Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Merida Industry Co (TPE:9914) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$136.64, compared to a current price of NT$78.30 — trading 42.7% below its estimated fair value. The current Gross Margin % is 10.02%, which is 29% below median its 10-year median of 14.05 and 77.2% below the Travel & Leisure industry median of 43.97. Merida Industry Co's overall GF Score™ is 71/100 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 Merida Industry Co (TPE:9914), the current Gross Margin % is 10.02% 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 Merida Industry Co (TPE:9914) Overvalued in 2026?
Based on GuruFocus' analysis, Merida Industry Co stock appears to be undervalued.
The current stock price of NT$78.30 is trading 42.7% below its estimated GF Value™ of NT$136.64.
GuruFocus considers Merida Industry Co to be Significantly Undervalued.
Key valuation signals for TPE:9914:
Gross Margin %: 10.02% (29% below median its 10-year median of 14.05)
GF Value™: NT$136.64 vs. price of NT$78.30 (42.7% below fair value)
Industry Position: 77.2% below the Travel & Leisure median (#714 of 792)
No single metric tells the full story. See the TPE:9914 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merida Industry Co Ltd is a manufacturer and distributor of bicycles and bicycle-related components, domiciled in Taiwan. The company produces bicycles for both recreational and professional use. Products include mountain bicycles, road and racing bicycles, bicycle motocross, or BMX, folding bicycles, children and youth bicycles, electric bicycles, helmets, components, and related parts and accessories. It distributes bicycles and components both domestically and internationally, and products are largely sold under the Merida brand name.
71GF Score
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