Hotman CoTSE:3190 -0.70%61 Gross Margin % is 44.05% as of Mar. 2026, which is 1% below its 10-year median of 44.34. GuruFocus rates TSE:3190 with a GF Score™ of 61/100 and a GF Value™ of 円621.85 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,022 Manufacturing - Apparel & Accessories companies, Hotman Co ranks better than 70.35% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Hotman Co's Gross Profit for the
six
months ended in Mar. 2026 was 円5,696 Mil. Hotman Co's Revenue for the
six
months ended in Mar. 2026 was 円12,928 Mil. Therefore, Hotman Co's Gross Margin % for the quarter that ended in Mar. 2026 was 44.05%.
The historical rank and industry rank for Hotman Co's Gross Margin % or its related term are showing as below:
TSE:3190'
s Gross Margin % Range Over the Past 10 Years
Min: 42.63 Med: 44.34 Max: 45.67
Current: 44.68
During the past 13 years, the highestGross Margin % of Hotman Co was 45.67%. The lowest was 42.63%. And the median was 44.34%.
TSE:3190's Gross Margin % is ranked better than 70.35% of 1022
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.545
vs TSE:3190: 44.68
Hotman Co had a gross margin of 44.05% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Hotman Co was 0.40% per year.
Hotman Co (TSE:3190) 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
Hotman Co had a gross margin of 44.05% 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.
Hotman Co Gross Margin % Related Terms
Hotman Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Hotman 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 Textile Manufacturing subindustry, Hotman 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.
Hotman Co Gross Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hotman Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Hotman 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.
Hotman Co (TSE:3190) has a Gross Margin % of 44.05% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Hotman Co and its competitors. This is near median its historical median of 44.34. Over the past decade, Hotman Co's Gross Margin % has ranged from 42.63 to 45.67. According to the industry distribution chart, Hotman Co ranks #303 out of 1022 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 29.6%.
Is Hotman Co's Gross Margin % too high?
Hotman Co's current Gross Margin % of 44.05% is near median its 10-year median of 44.34. Over the past 10 years, this metric has ranged from a low of 42.63 to a high of 45.67. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.55. Hotman Co's value of 44.05% is 54.3% above this industry median. Based on the distribution chart, Hotman Co ranks #303 out of 1022 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Hotman Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hotman Co's Gross Margin % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Hotman Co ranks #303 out of 1022 companies for Gross Margin %. This puts Hotman Co in the upper half of its industry. The industry median Gross Margin % is 28.55. Hotman Co's value of 44.05% is 54.3% above this benchmark. Historically, Hotman Co's own Gross Margin % has ranged from 42.63 to 45.67 over the past decade. While the company's 10-year median is 44.34 vs. the industry median of 28.55, Hotman 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 Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.55, based on 1,022 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. Hotman Co's current Gross Margin % of 44.05% is 54.3% 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 Hotman Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hotman Co's current Gross Margin % is 44.05%, which is near median its own 10-year median of 44.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hotman Co stock overvalued right now?
Based on GuruFocus' analysis, Hotman Co (TSE:3190) is currently considered Fairly Valued. The stock's GF Value™ is 円621.85, compared to a current price of 円571.00 — trading 8.2% below its estimated fair value. The current Gross Margin % is 44.05%, which is near median its 10-year median of 44.34 and 54.3% above the Manufacturing - Apparel & Accessories industry median of 28.55. Hotman Co's overall GF Score™ is 61/100 with 2 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 Hotman Co (TSE:3190), the current Gross Margin % is 44.05% 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 Hotman Co (TSE:3190) Overvalued in 2026?
Based on GuruFocus' analysis, Hotman Co stock appears to be undervalued.
The current stock price of 円571.00 is trading 8.2% below its estimated GF Value™ of 円621.85.
GuruFocus considers Hotman Co to be Fairly Valued.
Key valuation signals for TSE:3190:
Gross Margin %: 44.05% (near median its 10-year median of 44.34)
GF Value™: 円621.85 vs. price of 円571.00 (8.2% below fair value)
Industry Position: 54.3% above the Manufacturing - Apparel & Accessories median (#303 of 1022)
No single metric tells the full story. See the TSE:3190 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hotman Co Ltd is a Japan-based company engaged in the automotive supplies and automotive-related business. Its operating segments include: the Yellow Hat Business, which sells, installs, and maintains car accessories; the TSUTAYA Business, which offers books, stationery, and DVD rentals; and the Up Garage Business, focused on buying and selling used car-related products. It generates the majority of its revenue from the Yellow Hat Business.
61GF Score
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