FTGroup CoTSE:2763 +1.71%70 Gross Margin % is 40.98% as of Mar. 2026, which is 4% above its 10-year median of 39.49. GuruFocus rates TSE:2763 with a GF Score™ of 70/100 and a GF Value™ of 円1,027.80 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,449 Hardware companies, FTGroup Co ranks better than 79.18% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. FTGroup Co's Gross Profit for the
six
months ended in Mar. 2026 was 円6,419 Mil. FTGroup Co's Revenue for the
six
months ended in Mar. 2026 was 円15,664 Mil. Therefore, FTGroup Co's Gross Margin % for the quarter that ended in Mar. 2026 was 40.98%.
The historical rank and industry rank for FTGroup Co's Gross Margin % or its related term are showing as below:
TSE:2763'
s Gross Margin % Range Over the Past 10 Years
Min: 36.52 Med: 39.49 Max: 44.92
Current: 41.85
During the past 13 years, the highestGross Margin % of FTGroup Co was 44.92%. The lowest was 36.52%. And the median was 39.49%.
TSE:2763's Gross Margin % is ranked better than 79.18% of 2449
companies
in the Hardware industry
Industry Median: 24.5
vs TSE:2763: 41.85
FTGroup Co had a gross margin of 40.98% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for FTGroup Co was 1.60% per year.
FTGroup Co (TSE:2763) 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
FTGroup Co had a gross margin of 40.98% 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.
FTGroup Co Gross Margin % Related Terms
FTGroup Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for FTGroup 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.
TSE:2763 vs CSCO, CIEN, MSI: Gross Margin % Comparison
For the Communication Equipment subindustry, FTGroup 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.
FTGroup Co Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, FTGroup Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where FTGroup 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.
FTGroup Co (TSE:2763) has a Gross Margin % of 40.98% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on FTGroup Co and its competitors. This is near median its historical median of 39.49. Over the past decade, FTGroup Co's Gross Margin % has ranged from 36.52 to 44.92. According to the industry distribution chart, FTGroup Co ranks #510 out of 2449 companies in the Hardware industry, placing it in the top 20.8%.
Is FTGroup Co's Gross Margin % too high?
FTGroup Co's current Gross Margin % of 40.98% is near median its 10-year median of 39.49. Over the past 10 years, this metric has ranged from a low of 36.52 to a high of 44.92. The Hardware industry median Gross Margin % is 24.50. FTGroup Co's value of 40.98% is 67.3% above this industry median. Based on the distribution chart, FTGroup Co ranks #510 out of 2449 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, FTGroup Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FTGroup Co's Gross Margin % compare to CSCO and CIEN?
According to the Hardware industry distribution chart, FTGroup Co ranks #510 out of 2449 companies for Gross Margin %. This places FTGroup Co in the top 21% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 24.50. FTGroup Co's value of 40.98% is 67.3% above this benchmark. Historically, FTGroup Co's own Gross Margin % has ranged from 36.52 to 44.92 over the past decade. While the company's 10-year median is 39.49 vs. the industry median of 24.50, FTGroup Co 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 Hardware company?
The median Gross Margin % among Hardware companies is 24.50, based on 2,449 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. FTGroup Co's current Gross Margin % of 40.98% is 67.3% 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 FTGroup Co and its competitors. For the Hardware industry, the median Gross Margin % is 24.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FTGroup Co's current Gross Margin % is 40.98%, which is near median its own 10-year median of 39.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FTGroup Co stock overvalued right now?
Based on GuruFocus' analysis, FTGroup Co (TSE:2763) is currently considered Fairly Valued. The stock's GF Value™ is 円1,027.80, compared to a current price of 円1,070.00 — trading 4.1% above its estimated fair value. The current Gross Margin % is 40.98%, which is near median its 10-year median of 39.49 and 67.3% above the Hardware industry median of 24.50. FTGroup Co's overall GF Score™ is 70/100 with 1 warning sign 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 FTGroup Co (TSE:2763), the current Gross Margin % is 40.98% 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.
Is FTGroup Co (TSE:2763) Overvalued in 2026?
Based on GuruFocus' analysis, FTGroup Co stock appears to be overvalued.
The current stock price of 円1,070.00 is trading 4.1% above its estimated GF Value™ of 円1,027.80.
GuruFocus considers FTGroup Co to be Fairly Valued.
Key valuation signals for TSE:2763:
Gross Margin %: 40.98% (near median its 10-year median of 39.49)
GF Value™: 円1,027.80 vs. price of 円1,070.00 (4.1% above fair value)
Industry Position: 67.3% above the Hardware median (#510 of 2449)
No single metric tells the full story. See the TSE:2763 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FTGroup Co Ltd is a Japanese based company offering communication devices. It offers a range of products and services including business phones, office automation equipment, internet service provider (ISP) services, broadband services, corporate mobiles, DoCoMo shop operations, marking supplies (or printer consumables), light-emitting diode (LED) lights and photovoltaic system. It also provides fiber line service, internet services, and mobile solutions as well as develops and manages franchises.
70GF Score
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