Base FoodTSE:2936 -0.68%60 Gross Margin % is 56.38% as of Feb. 2026, which is 1% above its 10-year median of 55.81. GuruFocus rates TSE:2936 with a GF Score™ of 60/100 and a GF Value™ of 円452.25 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,899 Consumer Packaged Goods companies, Base Food ranks better than 88.63% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Base Food's Gross Profit for the
six
months ended in Feb. 2026 was 円4,227 Mil. Base Food's Revenue for the
six
months ended in Feb. 2026 was 円7,497 Mil. Therefore, Base Food's Gross Margin % for the quarter that ended in Feb. 2026 was 56.38%.
The historical rank and industry rank for Base Food's Gross Margin % or its related term are showing as below:
TSE:2936'
s Gross Margin % Range Over the Past 10 Years
Min: 49.74 Med: 55.81 Max: 59.03
Current: 56.62
During the past 6 years, the highestGross Margin % of Base Food was 59.03%. The lowest was 49.74%. And the median was 55.81%.
TSE:2936's Gross Margin % is ranked better than 88.63% of 1899
companies
in the Consumer Packaged Goods industry
Industry Median: 26.37
vs TSE:2936: 56.62
Base Food had a gross margin of 56.38% for the quarter that ended in Feb. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Base Food was -1.00% per year.
Base Food (TSE:2936) 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
Base Food had a gross margin of 56.38% for the quarter that ended in Feb. 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.
Base Food Gross Margin % Related Terms
Base Food Gross Margin % Historical Data
* Premium members only.
The historical data trend for Base Food'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 Packaged Foods subindustry, Base Food'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.
Base Food Gross Margin % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Base Food's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Base Food'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.
Base Food (TSE:2936) has a Gross Margin % of 56.38% as of Feb. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Base Food and its competitors. This is near median its historical median of 55.81. Over the past decade, Base Food's Gross Margin % has ranged from 49.74 to 59.03. According to the industry distribution chart, Base Food ranks #216 out of 1899 companies in the Consumer Packaged Goods industry, placing it in the top 11.4%.
Is Base Food's Gross Margin % too high?
Base Food's current Gross Margin % of 56.38% is near median its 10-year median of 55.81. Over the past 10 years, this metric has ranged from a low of 49.74 to a high of 59.03. The Consumer Packaged Goods industry median Gross Margin % is 26.37. Base Food's value of 56.38% is 113.8% above this industry median. Based on the distribution chart, Base Food ranks #216 out of 1899 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Base Food has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Base Food's Gross Margin % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Base Food ranks #216 out of 1899 companies for Gross Margin %. This places Base Food in the top 11% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.37. Base Food's value of 56.38% is 113.8% above this benchmark. Historically, Base Food's own Gross Margin % has ranged from 49.74 to 59.03 over the past decade. While the company's 10-year median is 55.81 vs. the industry median of 26.37, Base Food 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 Consumer Packaged Goods company?
The median Gross Margin % among Consumer Packaged Goods companies is 26.37, based on 1,899 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. Base Food's current Gross Margin % of 56.38% is 113.8% 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 Base Food and its competitors. For the Consumer Packaged Goods industry, the median Gross Margin % is 26.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Base Food's current Gross Margin % is 56.38%, which is near median its own 10-year median of 55.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Base Food stock overvalued right now?
Based on GuruFocus' analysis, Base Food (TSE:2936) is currently considered Significantly Undervalued. The stock's GF Value™ is 円452.25, compared to a current price of 円290.00 — trading 35.9% below its estimated fair value. The current Gross Margin % is 56.38%, which is near median its 10-year median of 55.81 and 113.8% above the Consumer Packaged Goods industry median of 26.37. Base Food's overall GF Score™ is 60/100 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 Base Food (TSE:2936), the current Gross Margin % is 56.38% as of Feb. 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 Base Food (TSE:2936) Overvalued in 2026?
Based on GuruFocus' analysis, Base Food stock appears to be undervalued.
The current stock price of 円290.00 is trading 35.9% below its estimated GF Value™ of 円452.25.
GuruFocus considers Base Food to be Significantly Undervalued.
Key valuation signals for TSE:2936:
Gross Margin %: 56.38% (near median its 10-year median of 55.81)
GF Value™: 円452.25 vs. price of 円290.00 (35.9% below fair value)
Industry Position: 113.8% above the Consumer Packaged Goods median (#216 of 1899)
No single metric tells the full story. See the TSE:2936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Base Food Inc is engaged in the development and sale of complete nutrition food. The company offers base bread, base pasta and base cookies related products.
60GF Score
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