Taiwan Secom CoTPE:9917 -0.47%90 Gross Margin % is 30.74% as of Dec. 2025, which is 14% below its 10-year median of 35.62. GuruFocus rates TPE:9917 with a GF Score™ of 90/100 and a GF Value™ of NT$139.34 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,007 Business Services companies, Taiwan Secom Co ranks worse than 53.03% on this metric.
Taiwan Secom Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.4%.
The historical rank and industry rank for Taiwan Secom Co's Gross Margin % or its related term are showing as below:
TPE:9917'
s Gross Margin % Range Over the Past 10 Years
Min: 32.55 Med: 35.62 Max: 36.96
Current: 32.55
During the past 13 years, the highestGross Margin % of Taiwan Secom Co was 36.96%. The lowest was 32.55%. And the median was 35.62%.
TPE:9917's Gross Margin % is ranked worse than 53.03% of 1007
companies
in the Business Services industry
Industry Median: 34.5
vs TPE:9917: 32.55
Taiwan Secom Co had a gross margin of 30.74% for the quarter that ended in Dec. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Taiwan Secom Co was -2.40% per year.
Taiwan Secom Co (TPE:9917) 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
Taiwan Secom Co had a gross margin of 30.74% for the quarter that ended in Dec. 2025 => Competition eroding margins
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 Secom Co Gross Margin % Related Terms
Taiwan Secom Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Taiwan Secom 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:9917 vs ALLE, MSA, ADT: Gross Margin % Comparison
For the Security & Protection Services subindustry, Taiwan Secom 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.
Taiwan Secom Co Gross Margin % vs Business Services Industry
For the Business Services industry and Industrials sector, Taiwan Secom Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Taiwan Secom 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.
Taiwan Secom Co (TPE:9917) has a Gross Margin % of 30.74% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Taiwan Secom Co and its competitors. This is 14% below median its historical median of 35.62. Over the past decade, Taiwan Secom Co's Gross Margin % has ranged from 32.55 to 36.96. According to the industry distribution chart, Taiwan Secom Co ranks #534 out of 1007 companies in the Business Services industry, placing it in the top 53%.
Is Taiwan Secom Co's Gross Margin % too high?
Taiwan Secom Co's current Gross Margin % of 30.74% is 14% below median its 10-year median of 35.62. Over the past 10 years, this metric has ranged from a low of 32.55 to a high of 36.96. The Business Services industry median Gross Margin % is 34.50. Taiwan Secom Co's value of 30.74% is 10.9% below this industry median. Based on the distribution chart, Taiwan Secom Co ranks #534 out of 1007 companies in the Business Services industry, which is below the industry midpoint. Overall, Taiwan Secom Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Secom Co's Gross Margin % compare to ALLE and MSA?
According to the Business Services industry distribution chart, Taiwan Secom Co ranks #534 out of 1007 companies for Gross Margin %. This places Taiwan Secom Co in the lower half of its industry. The industry median Gross Margin % is 34.50. Taiwan Secom Co's value of 30.74% is 10.9% below this benchmark. Historically, Taiwan Secom Co's own Gross Margin % has ranged from 32.55 to 36.96 over the past decade. While the company's 10-year median is 35.62 vs. the industry median of 34.50, Taiwan Secom 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 Business Services company?
The median Gross Margin % among Business Services companies is 34.50, based on 1,007 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 Secom Co's current Gross Margin % of 30.74% is 10.9% 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 Secom Co and its competitors. For the Business Services industry, the median Gross Margin % is 34.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Secom Co's current Gross Margin % is 30.74%, which is 14% below median its own 10-year median of 35.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Secom Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Secom Co (TPE:9917) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$139.34, compared to a current price of NT$105.50 — trading 24.3% below its estimated fair value. The current Gross Margin % is 30.74%, which is 14% below median its 10-year median of 35.62 and 10.9% below the Business Services industry median of 34.50. Taiwan Secom Co's overall GF Score™ is 90/100 with 5 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 Secom Co (TPE:9917), the current Gross Margin % is 30.74% 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 Secom Co (TPE:9917) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Secom Co stock appears to be undervalued.
The current stock price of NT$105.50 is trading 24.3% below its estimated GF Value™ of NT$139.34.
GuruFocus considers Taiwan Secom Co to be Modestly Undervalued.
Key valuation signals for TPE:9917:
Gross Margin %: 30.74% (14% below median its 10-year median of 35.62)
GF Value™: NT$139.34 vs. price of NT$105.50 (24.3% below fair value)
Industry Position: 10.9% below the Business Services median (#534 of 1007)
No single metric tells the full story. See the TPE:9917 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Secom Co Ltd is engaged mainly in the security service. Its segments consist of Electronic systems segment engages in security system related service; Security services segment engages in security guarding related service; Cash delivery services engages in cash delivery service; Logistics services segment engages in logistic service; and Catering services segment engages in catering services. It derives the majority of revenue from Electronic systems segment.
90GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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