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San Far PropertyTPE:9946 +0.84%40 Gross Margin % is 53.82% as of Mar. 2026, which is 84% above its 10-year median of 29.23. GuruFocus rates TPE:9946 with a GF Score™ of 40/100. The stock has 6 warning signs investors should review. Among 1,642 Real Estate companies, San Far Property ranks better than 67.48% on this metric.
San Far Property (TPE:9946) 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
San Far Property had a gross margin of 53.82% for the quarter that ended in Mar. 2026 => Durable 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.
San Far Property Gross Margin % Related Terms
San Far Property Gross Margin % Historical Data
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The historical data trend for San Far Property'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.
San Far Property Gross Margin % Competitor Comparison
For the Real Estate - Diversified subindustry, San Far Property'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.
San Far Property Gross Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, San Far Property's Gross Margin % distribution charts can be found below:
* The bar in red indicates where San Far Property'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.
San Far Property (TPE:9946) has a Gross Margin % of 53.82% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on San Far Property and its competitors. This is 84% above median its historical median of 29.23. Over the past decade, San Far Property's Gross Margin % has ranged from 17.02 to 53.63. According to the industry distribution chart, San Far Property ranks #534 out of 1642 companies in the Real Estate industry, placing it in the top 32.5%.
Is San Far Property's Gross Margin % too high?
San Far Property's current Gross Margin % of 53.82% is 84% above median its 10-year median of 29.23. Over the past 10 years, this metric has ranged from a low of 17.02 to a high of 53.63. The Real Estate industry median Gross Margin % is 36.82. San Far Property's value of 53.82% is 46.2% above this industry median. Based on the distribution chart, San Far Property ranks #534 out of 1642 companies in the Real Estate industry, which is above the industry midpoint. Overall, San Far Property has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does San Far Property's Gross Margin % compare to competitors?
According to the Real Estate industry distribution chart, San Far Property ranks #534 out of 1642 companies for Gross Margin %. This puts San Far Property in the upper half of its industry. The industry median Gross Margin % is 36.82. San Far Property's value of 53.82% is 46.2% above this benchmark. Historically, San Far Property's own Gross Margin % has ranged from 17.02 to 53.63 over the past decade. While the company's 10-year median is 29.23 vs. the industry median of 36.82, San Far Property has consistently been above 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 Real Estate company?
The median Gross Margin % among Real Estate companies is 36.82, based on 1,642 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. San Far Property's current Gross Margin % of 53.82% is 46.2% above 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 San Far Property and its competitors. For the Real Estate industry, the median Gross Margin % is 36.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. San Far Property's current Gross Margin % is 53.82%, which is 84% above median its own 10-year median of 29.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Far Property stock overvalued right now?
San Far Property (TPE:9946) has a current Gross Margin % of 53.82%. The current Gross Margin % is 53.82%, which is 84% above median its 10-year median of 29.23 and 46.2% above the Real Estate industry median of 36.82. San Far Property's overall GF Score™ is 40/100 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 San Far Property (TPE:9946), the current Gross Margin % is 53.82% as of Mar. 2026. 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.
San Far Property Ltd is a Taiwan-based real estate company. The main activities of the company include residential and building development, leasing and sales, and real estate leasing.
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