Giant Manufacturing Co (TPE:9921) Gross Margin %: 19.72% (As of Dec. 2025) — Near Median


TPE:9921 Giant Manufacturing Co Ltd TPE:9921
67 GF Score
Price NT$75.50
GF Value NT$131.29
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Giant Manufacturing Co Gross Margin %?

Giant Manufacturing Co TPE:9921 -2.45% 67 Gross Margin % is 19.72% as of Dec. 2025, which is 7% below its 10-year median of 21.17. GuruFocus rates TPE:9921 with a GF Score™ of 67/100 and a GF Value™ of NT$131.29 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 790 Travel & Leisure companies, Giant Manufacturing Co ranks worse than 82.66% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Giant Manufacturing Co's Gross Profit for the three months ended in Dec. 2025 was NT$2,424 Mil. Giant Manufacturing Co's Revenue for the three months ended in Dec. 2025 was NT$12,294 Mil. Therefore, Giant Manufacturing Co's Gross Margin % for the quarter that ended in Dec. 2025 was 19.72%.

Warning Sign:

Giant Manufacturing Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -4.2%.


The historical rank and industry rank for Giant Manufacturing Co's Gross Margin % or its related term are showing as below:

TPE:9921' s Gross Margin % Range Over the Past 10 Years
Min: 18.99   Med: 21.17   Max: 24.15
Current: 19.81


During the past 13 years, the highest Gross Margin % of Giant Manufacturing Co was 24.15%. The lowest was 18.99%. And the median was 21.17%.

TPE:9921's Gross Margin % is ranked worse than
82.66% of 790 companies
in the Travel & Leisure industry
Industry Median: 44.09 vs TPE:9921: 19.81

Giant Manufacturing Co had a gross margin of 19.72% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Giant Manufacturing Co was -4.20% per year.


Giant Manufacturing Co  (TPE:9921) 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

Giant Manufacturing Co had a gross margin of 19.72% 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.


Giant Manufacturing Co Gross Margin % Related Terms


Giant Manufacturing Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Giant Manufacturing 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.

Giant Manufacturing Co Gross Margin % Chart

Giant Manufacturing Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.15 22.62 22.06 18.99 19.81

Giant Manufacturing Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.46 17.79 20.44 21.46 19.72

TPE:9921 vs AS, HAS, LTH: Gross Margin % Comparison

For the Leisure subindustry, Giant Manufacturing 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.


Giant Manufacturing Co Gross Margin % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Giant Manufacturing Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Giant Manufacturing Co's Gross Margin % falls into.


TPE:9921
67GF Score
Giant Manufacturing Co Ltd TPE:9921
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Giant Manufacturing Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Giant Manufacturing Co's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=11937.3 / 60253.963
=(Revenue - Cost of Goods Sold) / Revenue
=(60253.963 - 48316.713) / 60253.963
=19.81 %

Giant Manufacturing Co's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=2424.3 / 12293.935
=(Revenue - Cost of Goods Sold) / Revenue
=(12293.935 - 9869.685) / 12293.935
=19.72 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 19.72% mean?
Giant Manufacturing Co (TPE:9921) has a Gross Margin % of 19.72% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Giant Manufacturing Co and its competitors. This is near median its historical median of 21.17. Over the past decade, Giant Manufacturing Co's Gross Margin % has ranged from 18.99 to 24.15. According to the industry distribution chart, Giant Manufacturing Co ranks #653 out of 790 companies in the Travel & Leisure industry, placing it in the top 82.7%.
Is Giant Manufacturing Co's Gross Margin % too high?
Giant Manufacturing Co's current Gross Margin % of 19.72% is near median its 10-year median of 21.17. Over the past 10 years, this metric has ranged from a low of 18.99 to a high of 24.15. The Travel & Leisure industry median Gross Margin % is 44.09. Giant Manufacturing Co's value of 19.72% is 55.3% below this industry median. Based on the distribution chart, Giant Manufacturing Co ranks #653 out of 790 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Giant Manufacturing Co has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Giant Manufacturing Co's Gross Margin % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Giant Manufacturing Co ranks #653 out of 790 companies for Gross Margin %. This places Giant Manufacturing Co in the lower half of its industry. The industry median Gross Margin % is 44.09. Giant Manufacturing Co's value of 19.72% is 55.3% below this benchmark. Historically, Giant Manufacturing Co's own Gross Margin % has ranged from 18.99 to 24.15 over the past decade. While the company's 10-year median is 21.17 vs. the industry median of 44.09, Giant Manufacturing 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 44.09, based on 790 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. Giant Manufacturing Co's current Gross Margin % of 19.72% is 55.3% 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 Giant Manufacturing Co and its competitors. For the Travel & Leisure industry, the median Gross Margin % is 44.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Giant Manufacturing Co's current Gross Margin % is 19.72%, which is near median its own 10-year median of 21.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Giant Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Giant Manufacturing Co (TPE:9921) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$131.29, compared to a current price of NT$75.50 — trading 42.5% below its estimated fair value. The current Gross Margin % is 19.72%, which is near median its 10-year median of 21.17 and 55.3% below the Travel & Leisure industry median of 44.09. Giant Manufacturing Co's overall GF Score™ is 67/100 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 Giant Manufacturing Co (TPE:9921), the current Gross Margin % is 19.72% 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 Giant Manufacturing Co (TPE:9921) Overvalued in 2026?

Based on GuruFocus' analysis, Giant Manufacturing Co stock appears to be undervalued. The current stock price of NT$75.50 is trading 42.5% below its estimated GF Value™ of NT$131.29. GuruFocus considers Giant Manufacturing Co to be Significantly Undervalued.

Key valuation signals for TPE:9921:

  • Gross Margin %: 19.72% (near median its 10-year median of 21.17)
  • GF Value™: NT$131.29 vs. price of NT$75.50 (42.5% below fair value)
  • GF Score™: 67/100 with 6 warning signs
  • Industry Position: 55.3% below the Travel & Leisure median (#653 of 790)

No single metric tells the full story. See the TPE:9921 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Giant Manufacturing Co Business Description

Address Dongda Road, No. 997 and 999, Section 1, Xitun District, Taichung, TWN, 40763
Giant Manufacturing Co Ltd manufactures and sells bicycles, electric bicycles and related parts. Its segments includes Bicycle, Materials, and Others. The company generates majority of its revenue from Bicycle segment.
67GF Score

Get the complete analysis for TPE:9921

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$75.50
Price
NT$131.29
GF Value