Shirohato Co (TSE:3192) Gross Margin %: 36.81% (As of Nov. 2025) — Near Median


TSE:3192 Shirohato Co Ltd TSE:3192
45 GF Score
Price 円316.00
GF Value 円190.31
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Shirohato Co Gross Margin %?

Shirohato Co TSE:3192 -8.93% 45 Gross Margin % is 36.81% as of Nov. 2025, which is 5% below its 10-year median of 38.57. GuruFocus rates TSE:3192 with a GF Score™ of 45/100 and a GF Value™ of 円190.31 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,113 Retail - Cyclical companies, Shirohato Co ranks worse than 50.4% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Shirohato Co's Gross Profit for the three months ended in Nov. 2025 was 円558 Mil. Shirohato Co's Revenue for the three months ended in Nov. 2025 was 円1,515 Mil. Therefore, Shirohato Co's Gross Margin % for the quarter that ended in Nov. 2025 was 36.81%.


The historical rank and industry rank for Shirohato Co's Gross Margin % or its related term are showing as below:

TSE:3192' s Gross Margin % Range Over the Past 10 Years
Min: 36.2   Med: 38.57   Max: 40.35
Current: 36.2


During the past 13 years, the highest Gross Margin % of Shirohato Co was 40.35%. The lowest was 36.20%. And the median was 38.57%.

TSE:3192's Gross Margin % is ranked worse than
50.4% of 1113 companies
in the Retail - Cyclical industry
Industry Median: 36.26 vs TSE:3192: 36.20

Shirohato Co had a gross margin of 36.81% for the quarter that ended in Nov. 2025 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Shirohato Co was -0.50% per year.


Shirohato Co  (TSE:3192) 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

Shirohato Co had a gross margin of 36.81% for the quarter that ended in Nov. 2025 => 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.


Shirohato Co Gross Margin % Related Terms


Shirohato Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Shirohato 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.

Shirohato Co Gross Margin % Chart

Shirohato Co Annual Data
Trend Aug16 Aug17 Aug18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.11 38.57 38.23 37.43 38.09

Shirohato Co Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 36.73 37.01 36.81 34.62

TSE:3192 vs AMZN, BABA, PDD: Gross Margin % Comparison

For the Internet Retail subindustry, Shirohato 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.


Shirohato Co Gross Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shirohato Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Shirohato Co's Gross Margin % falls into.


TSE:3192
45GF Score
Shirohato Co Ltd TSE:3192
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shirohato Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Shirohato Co's Gross Margin for the fiscal year that ended in Feb. 2025 is calculated as

Gross Margin % (A: Feb. 2025 )=Gross Profit (A: Feb. 2025 ) / Revenue (A: Feb. 2025 )
=2389.9 / 6274.053
=(Revenue - Cost of Goods Sold) / Revenue
=(6274.053 - 3884.198) / 6274.053
=38.09 %

Shirohato Co's Gross Margin for the quarter that ended in Nov. 2025 is calculated as


Gross Margin % (Q: Nov. 2025 )=Gross Profit (Q: Nov. 2025 ) / Revenue (Q: Nov. 2025 )
=557.5 / 1514.688
=(Revenue - Cost of Goods Sold) / Revenue
=(1514.688 - 957.153) / 1514.688
=36.81 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 36.81% mean?
Shirohato Co (TSE:3192) has a Gross Margin % of 36.81% as of Nov. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Shirohato Co and its competitors. This is near median its historical median of 38.57. Over the past decade, Shirohato Co's Gross Margin % has ranged from 36.20 to 40.35. According to the industry distribution chart, Shirohato Co ranks #561 out of 1113 companies in the Retail - Cyclical industry, placing it in the top 50.4%.
Is Shirohato Co's Gross Margin % too high?
Shirohato Co's current Gross Margin % of 36.81% is near median its 10-year median of 38.57. Over the past 10 years, this metric has ranged from a low of 36.20 to a high of 40.35. The Retail - Cyclical industry median Gross Margin % is 36.26. Shirohato Co's value of 36.81% is 1.5% above this industry median. Based on the distribution chart, Shirohato Co ranks #561 out of 1113 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Shirohato Co has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shirohato Co's Gross Margin % compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Shirohato Co ranks #561 out of 1113 companies for Gross Margin %. This places Shirohato Co in the lower half of its industry. The industry median Gross Margin % is 36.26. Shirohato Co's value of 36.81% is 1.5% above this benchmark. Historically, Shirohato Co's own Gross Margin % has ranged from 36.20 to 40.35 over the past decade. While the company's 10-year median is 38.57 vs. the industry median of 36.26, Shirohato 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 Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.26, based on 1,113 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. Shirohato Co's current Gross Margin % of 36.81% is 1.5% 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 Shirohato Co and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shirohato Co's current Gross Margin % is 36.81%, which is near median its own 10-year median of 38.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shirohato Co stock overvalued right now?
Based on GuruFocus' analysis, Shirohato Co (TSE:3192) is currently considered Significantly Overvalued. The stock's GF Value™ is 円190.31, compared to a current price of 円316.00 — trading 66% above its estimated fair value. The current Gross Margin % is 36.81%, which is near median its 10-year median of 38.57 and 1.5% above the Retail - Cyclical industry median of 36.26. Shirohato Co's overall GF Score™ is 45/100 with 4 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 Shirohato Co (TSE:3192), the current Gross Margin % is 36.81% as of Nov. 2025. 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 Shirohato Co (TSE:3192) Overvalued in 2026?

Based on GuruFocus' analysis, Shirohato Co stock appears to be overvalued. The current stock price of 円316.00 is trading 66% above its estimated GF Value™ of 円190.31. GuruFocus considers Shirohato Co to be Significantly Overvalued.

Key valuation signals for TSE:3192:

  • Gross Margin %: 36.81% (near median its 10-year median of 38.57)
  • GF Value™: 円190.31 vs. price of 円316.00 (66% above fair value)
  • GF Score™: 45/100 with 4 warning signs
  • Industry Position: 1.5% above the Retail - Cyclical median (#561 of 1113)

No single metric tells the full story. See the TSE:3192 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shirohato Co Business Description

Address 505 Takeda Mukaishiro-cho, Fushimi-ku, Kyoto, JPN, 612-8418
Shirohato Co Ltd operates as an online shopping website company. It offers innerwear for men and women. The business activity of the group includes the purchase of innerwear from inner manufacturers and selling to individual customers through various channels on the Internet.
45GF Score

Get the complete analysis for TSE:3192

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円316.00
Price
円190.31
GF Value