Macnica HoldingsTSE:3132 +1.21%89 Gross Margin % is 11.29% as of Mar. 2026, which is 3% below its 10-year median of 11.68. GuruFocus rates TSE:3132 with a GF Score™ of 89/100 and a GF Value™ of 円2,542.34 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,449 Hardware companies, Macnica Holdings ranks worse than 82.89% on this metric.
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
Macnica Holdings had a gross margin of 11.29% 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.
Macnica Holdings Gross Margin % Related Terms
Macnica Holdings Gross Margin % Historical Data
* Premium members only.
The historical data trend for Macnica Holdings'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:3132 vs SNX, ARW, AVT: Gross Margin % Comparison
For the Electronics & Computer Distribution subindustry, Macnica Holdings'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.
Macnica Holdings Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Macnica Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Macnica Holdings'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.
Macnica Holdings (TSE:3132) has a Gross Margin % of 11.29% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Macnica Holdings and its competitors. This is near median its historical median of 11.68. Over the past decade, Macnica Holdings' Gross Margin % has ranged from 10.74 to 12.60. According to the industry distribution chart, Macnica Holdings ranks #2030 out of 2449 companies in the Hardware industry, placing it in the top 82.9%.
Is Macnica Holdings' Gross Margin % too high?
Macnica Holdings' current Gross Margin % of 11.29% is near median its 10-year median of 11.68. Over the past 10 years, this metric has ranged from a low of 10.74 to a high of 12.60. The Hardware industry median Gross Margin % is 24.50. Macnica Holdings' value of 11.29% is 53.9% below this industry median. Based on the distribution chart, Macnica Holdings ranks #2030 out of 2449 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Macnica Holdings has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Macnica Holdings' Gross Margin % compare to SNX and ARW?
According to the Hardware industry distribution chart, Macnica Holdings ranks #2030 out of 2449 companies for Gross Margin %. This places Macnica Holdings in the lower half of its industry. The industry median Gross Margin % is 24.50. Macnica Holdings' value of 11.29% is 53.9% below this benchmark. Historically, Macnica Holdings' own Gross Margin % has ranged from 10.74 to 12.60 over the past decade. While the company's 10-year median is 11.68 vs. the industry median of 24.50, Macnica Holdings 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 24.50, 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. Macnica Holdings's current Gross Margin % of 11.29% is 53.9% 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 Macnica Holdings 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. Macnica Holdings's current Gross Margin % is 11.29%, which is near median its own 10-year median of 11.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macnica Holdings stock overvalued right now?
Based on GuruFocus' analysis, Macnica Holdings (TSE:3132) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,542.34, compared to a current price of 円3,175.00 — trading 24.9% above its estimated fair value. The current Gross Margin % is 11.29%, which is near median its 10-year median of 11.68 and 53.9% below the Hardware industry median of 24.50. Macnica Holdings' overall GF Score™ is 89/100 with 8 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 Macnica Holdings (TSE:3132), the current Gross Margin % is 11.29% 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 Macnica Holdings (TSE:3132) Overvalued in 2026?
Based on GuruFocus' analysis, Macnica Holdings stock appears to be overvalued.
The current stock price of 円3,175.00 is trading 24.9% above its estimated GF Value™ of 円2,542.34.
GuruFocus considers Macnica Holdings to be Modestly Overvalued.
Key valuation signals for TSE:3132:
Gross Margin %: 11.29% (near median its 10-year median of 11.68)
GF Value™: 円2,542.34 vs. price of 円3,175.00 (24.9% above fair value)
Industry Position: 53.9% below the Hardware median (#2030 of 2449)
No single metric tells the full story. See the TSE:3132 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Macnica Holdings Inc is an independent electronics distribution company in Japan. The company imports, exports, and distributes electronic components such as semiconductor devices and Integrated Circuit (IC), and business accompanying or pertaining to such activities. Its business segments are the Integrated Circuit, Electronic Devices, and Other Business, and the Network Business. The IC, Electronic Devices, and Other Business handles the sales of products such as ICs and electronic devices, and the Network Business is responsible for the sales of network-related hardware, software, and services.
89GF Score
Get the complete analysis for TSE:3132
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3132 has been successfully added to your 
