Taiwan Shin Kong Security CoTPE:9925 88 Gross Margin % is 31.65% as of Dec. 2025, which is 8% below its 10-year median of 34.33. GuruFocus rates TPE:9925 with a GF Score™ of 88/100 and a GF Value™ of NT$43.21 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,007 Business Services companies, Taiwan Shin Kong Security Co ranks worse than 51.84% on this metric.
Taiwan Shin Kong Security Co (TPE:9925) 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 Shin Kong Security Co had a gross margin of 31.65% 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 Shin Kong Security Co Gross Margin % Related Terms
Taiwan Shin Kong Security Co 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.
TPE:9925 vs ALLE, MSA, ADT: Gross Margin % Comparison
For the Security & Protection Services subindustry, Taiwan Shin Kong Security 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 Shin Kong Security Co Gross Margin % vs Business Services Industry
For the Business Services industry and Industrials sector, Taiwan Shin Kong Security Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Taiwan Shin Kong Security 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 Shin Kong Security Co (TPE:9925) has a Gross Margin % of 31.65% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Taiwan Shin Kong Security Co and its competitors. This is near median its historical median of 34.33. Over the past decade, Taiwan Shin Kong Security Co's Gross Margin % has ranged from 32.49 to 35.78. According to the industry distribution chart, Taiwan Shin Kong Security Co ranks #522 out of 1007 companies in the Business Services industry, placing it in the top 51.8%.
Is Taiwan Shin Kong Security Co's Gross Margin % too high?
Taiwan Shin Kong Security Co's current Gross Margin % of 31.65% is near median its 10-year median of 34.33. Over the past 10 years, this metric has ranged from a low of 32.49 to a high of 35.78. The Business Services industry median Gross Margin % is 34.50. Taiwan Shin Kong Security Co's value of 31.65% is 8.3% below this industry median. Based on the distribution chart, Taiwan Shin Kong Security Co ranks #522 out of 1007 companies in the Business Services industry, which is below the industry midpoint. Overall, Taiwan Shin Kong Security Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Shin Kong Security Co's Gross Margin % compare to ALLE and MSA?
According to the Business Services industry distribution chart, Taiwan Shin Kong Security Co ranks #522 out of 1007 companies for Gross Margin %. This places Taiwan Shin Kong Security Co in the lower half of its industry. The industry median Gross Margin % is 34.50. Taiwan Shin Kong Security Co's value of 31.65% is 8.3% below this benchmark. Historically, Taiwan Shin Kong Security Co's own Gross Margin % has ranged from 32.49 to 35.78 over the past decade. While the company's 10-year median is 34.33 vs. the industry median of 34.50, Taiwan Shin Kong Security 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 Shin Kong Security Co's current Gross Margin % of 31.65% is 8.3% 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 Taiwan Shin Kong Security 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 Shin Kong Security Co's current Gross Margin % is 31.65%, which is near median its own 10-year median of 34.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Shin Kong Security Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Shin Kong Security Co (TPE:9925) is currently considered Fairly Valued. The stock's GF Value™ is NT$43.21, compared to a current price of NT$40.55 — trading 6.2% below its estimated fair value. The current Gross Margin % is 31.65%, which is near median its 10-year median of 34.33 and 8.3% below the Business Services industry median of 34.50. Taiwan Shin Kong Security Co's overall GF Score™ is 88/100 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 Shin Kong Security Co (TPE:9925), the current Gross Margin % is 31.65% 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 Shin Kong Security Co (TPE:9925) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Shin Kong Security Co stock appears to be undervalued.
The current stock price of NT$40.55 is trading 6.2% below its estimated GF Value™ of NT$43.21.
GuruFocus considers Taiwan Shin Kong Security Co to be Fairly Valued.
Key valuation signals for TPE:9925:
Gross Margin %: 31.65% (near median its 10-year median of 34.33)
GF Value™: NT$43.21 vs. price of NT$40.55 (6.2% below fair value)
Industry Position: 8.3% below the Business Services median (#522 of 1007)
No single metric tells the full story. See the TPE:9925 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Shin Kong Security Co Ltd is a Taiwanese security systems provider. It is engaged in the design, sale, rental, installation, maintenance, repair, and inspection of fire prevention, burglary prevention, and fire protection apparatus, as well as the import and export of these products and the operation and investment of such businesses. The reportable segments of the company are the electronic services business, cash-in-transit business, stationed security business, and others. The majority of its revenue is generated from the electronic services segment which provides electronic security services.
88GF Score
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