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Applied CoTSE:3020 +0.12%76 Gross Margin % is 21.84% as of Mar. 2026, which is 7% below its 10-year median of 23.39. GuruFocus rates TSE:3020 with a GF Score™ of 76/100 and a GF Value™ of 円3,153.59 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,457 Hardware companies, Applied Co ranks worse than 53.11% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Applied Co's Gross Profit for the
six
months ended in Mar. 2026 was 円5,870 Mil. Applied Co's Revenue for the
six
months ended in Mar. 2026 was 円26,875 Mil. Therefore, Applied Co's Gross Margin % for the quarter that ended in Mar. 2026 was 21.84%.
The historical rank and industry rank for Applied Co's Gross Margin % or its related term are showing as below:
TSE:3020'
s Gross Margin % Range Over the Past 10 Years
Min: 20.3 Med: 23.39 Max: 27.03
Current: 23.24
During the past 13 years, the highestGross Margin % of Applied Co was 27.03%. The lowest was 20.30%. And the median was 23.39%.
TSE:3020's Gross Margin % is ranked worse than 53.11% of 2457
companies
in the Hardware industry
Industry Median: 24.54
vs TSE:3020: 23.24
Applied Co had a gross margin of 21.84% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Applied Co was -0.20% per year.
Applied Co (TSE:3020) 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
Applied Co had a gross margin of 21.84% for the quarter that ended in Mar. 2026 => 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.
Applied Co Gross Margin % Related Terms
Applied Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Applied 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:3020 vs SNX, ARW, AVT: Gross Margin % Comparison
For the Electronics & Computer Distribution subindustry, Applied 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.
Applied Co Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Applied Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Applied 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.
Applied Co (TSE:3020) has a Gross Margin % of 21.84% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Applied Co and its competitors. This is near median its historical median of 23.39. Over the past decade, Applied Co's Gross Margin % has ranged from 20.30 to 27.03. According to the industry distribution chart, Applied Co ranks #1305 out of 2457 companies in the Hardware industry, placing it in the top 53.1%.
Is Applied Co's Gross Margin % too high?
Applied Co's current Gross Margin % of 21.84% is near median its 10-year median of 23.39. Over the past 10 years, this metric has ranged from a low of 20.30 to a high of 27.03. The Hardware industry median Gross Margin % is 24.54. Applied Co's value of 21.84% is 11% below this industry median. Based on the distribution chart, Applied Co ranks #1305 out of 2457 companies in the Hardware industry, which is below the industry midpoint. Overall, Applied Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Co's Gross Margin % compare to SNX and ARW?
According to the Hardware industry distribution chart, Applied Co ranks #1305 out of 2457 companies for Gross Margin %. This places Applied Co in the lower half of its industry. The industry median Gross Margin % is 24.54. Applied Co's value of 21.84% is 11% below this benchmark. Historically, Applied Co's own Gross Margin % has ranged from 20.30 to 27.03 over the past decade. While the company's 10-year median is 23.39 vs. the industry median of 24.54, Applied 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 Hardware company?
The median Gross Margin % among Hardware companies is 24.54, based on 2,457 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. Applied Co's current Gross Margin % of 21.84% is 11% 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 Applied Co and its competitors. For the Hardware industry, the median Gross Margin % is 24.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Co's current Gross Margin % is 21.84%, which is near median its own 10-year median of 23.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Co stock overvalued right now?
Based on GuruFocus' analysis, Applied Co (TSE:3020) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,153.59, compared to a current price of 円4,075.00 — trading 29.2% above its estimated fair value. The current Gross Margin % is 21.84%, which is near median its 10-year median of 23.39 and 11% below the Hardware industry median of 24.54. Applied Co's overall GF Score™ is 76/100 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 Applied Co (TSE:3020), the current Gross Margin % is 21.84% 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 Applied Co (TSE:3020) Overvalued in 2026?
Based on GuruFocus' analysis, Applied Co stock appears to be overvalued.
The current stock price of 円4,075.00 is trading 29.2% above its estimated GF Value™ of 円3,153.59.
GuruFocus considers Applied Co to be Modestly Overvalued.
Key valuation signals for TSE:3020:
Gross Margin %: 21.84% (near median its 10-year median of 23.39)
GF Value™: 円3,153.59 vs. price of 円4,075.00 (29.2% above fair value)
Industry Position: 11% below the Hardware median (#1305 of 2457)
No single metric tells the full story. See the TSE:3020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applied Co Ltd is engaged in contract development and maintenance of work WEB systems, digital development, content development for consumers, operation of a game shop, purchase and sale of used handsets, planning and development of technical services, and contract production of OEM products.
76GF Score
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