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As Partners CoTSE:160A -1.21%9 Gross Margin % is 15.00% as of Mar. 2026, which is 17% below its 10-year median of 18.03. GuruFocus rates TSE:160A with a GF Score™ of 9/100. The stock has 3 warning signs investors should review. Among 516 Conglomerates companies, As Partners Co ranks worse than 69.77% on this metric.
The historical rank and industry rank for As Partners Co's Gross Margin % or its related term are showing as below:
TSE:160A'
s Gross Margin % Range Over the Past 10 Years
Min: 16.25 Med: 18.03 Max: 21.62
Current: 18.03
During the past 5 years, the highestGross Margin % of As Partners Co was 21.62%. The lowest was 16.25%. And the median was 18.03%.
TSE:160A's Gross Margin % is ranked worse than 69.77% of 516
companies
in the Conglomerates industry
Industry Median: 25.98
vs TSE:160A: 18.03
As Partners Co had a gross margin of 15.00% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for As Partners Co was 0.00% per year.
As Partners Co (TSE:160A) 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
As Partners Co had a gross margin of 15.00% for the quarter that ended in Mar. 2026 => 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.
As Partners Co Gross Margin % Related Terms
As Partners Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for As Partners 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.
For the Conglomerates subindustry, As Partners 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.
As Partners Co Gross Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, As Partners Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where As Partners 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.
As Partners Co (TSE:160A) has a Gross Margin % of 15.00% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on As Partners Co and its competitors. This is 17% below median its historical median of 18.03. Over the past decade, As Partners Co's Gross Margin % has ranged from 16.25 to 21.62. According to the industry distribution chart, As Partners Co ranks #360 out of 516 companies in the Conglomerates industry, placing it in the top 69.8%.
Is As Partners Co's Gross Margin % too high?
As Partners Co's current Gross Margin % of 15.00% is 17% below median its 10-year median of 18.03. Over the past 10 years, this metric has ranged from a low of 16.25 to a high of 21.62. The Conglomerates industry median Gross Margin % is 25.98. As Partners Co's value of 15.00% is 42.3% below this industry median. Based on the distribution chart, As Partners Co ranks #360 out of 516 companies in the Conglomerates industry, which is below the industry midpoint. Overall, As Partners Co has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does As Partners Co's Gross Margin % compare to HON and MMM?
According to the Conglomerates industry distribution chart, As Partners Co ranks #360 out of 516 companies for Gross Margin %. This places As Partners Co in the lower half of its industry. The industry median Gross Margin % is 25.98. As Partners Co's value of 15.00% is 42.3% below this benchmark. Historically, As Partners Co's own Gross Margin % has ranged from 16.25 to 21.62 over the past decade. While the company's 10-year median is 18.03 vs. the industry median of 25.98, As Partners 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 Conglomerates company?
The median Gross Margin % among Conglomerates companies is 25.98, based on 516 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. As Partners Co's current Gross Margin % of 15.00% is 42.3% 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 As Partners Co and its competitors. For the Conglomerates industry, the median Gross Margin % is 25.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. As Partners Co's current Gross Margin % is 15.00%, which is 17% below median its own 10-year median of 18.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is As Partners Co stock overvalued right now?
As Partners Co (TSE:160A) has a current Gross Margin % of 15.00%. The current Gross Margin % is 15.00%, which is 17% below median its 10-year median of 18.03 and 42.3% below the Conglomerates industry median of 25.98. As Partners Co's overall GF Score™ is 9/100 with 3 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 As Partners Co (TSE:160A), the current Gross Margin % is 15.00% 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.
As Partners Co Ltd is engaged in two business Senior business and Real estate business. Senior business includes management of nursing homes (paid nursing homes with nursing care) (life care for residents of general specified facilities), day services, and short stays. Real estate business includes real estate ownership, residential lot sales, real estate revitalization consulting, etc.
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