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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
ZEAL Associate had a gross margin of 28.52% for the quarter that ended in Feb. 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.
ZEAL Associate Gross Margin % Related Terms
ZEAL Associate Gross Margin % Historical Data
* Premium members only.
The historical data trend for ZEAL Associate'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.
ZEAL Associate Gross Margin % Chart
ZEAL Associate Annual Data
Trend
Aug23
Aug24
Aug25
Gross Margin %
36.39
31.15
30.82
ZEAL Associate Semi-Annual Data
Aug23
Aug24
Feb25
Aug25
Feb26
Gross Margin %
0.00
0.00
30.94
30.73
28.52
TSE:329A vs HON, MMM: Gross Margin % Comparison
For the Conglomerates subindustry, ZEAL Associate'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.
ZEAL Associate Gross Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, ZEAL Associate's Gross Margin % distribution charts can be found below:
* The bar in red indicates where ZEAL Associate'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.
ZEAL Associate (TSE:329A) has a Gross Margin % of 28.52% as of Feb. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on ZEAL Associate and its competitors. This is near median its historical median of 31.15. Over the past decade, ZEAL Associate's Gross Margin % has ranged from 29.62 to 36.39.
Is ZEAL Associate's Gross Margin % too high?
ZEAL Associate's current Gross Margin % of 28.52% is near median its 10-year median of 31.15. Over the past 10 years, this metric has ranged from a low of 29.62 to a high of 36.39. The Conglomerates industry median Gross Margin % is 25.98. ZEAL Associate's value of 28.52% is 9.8% above this industry median. Overall, ZEAL Associate has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does ZEAL Associate's Gross Margin % compare to HON and MMM?
ZEAL Associate's Gross Margin % of 28.52% can be compared against companies in the Conglomerates industry. The industry median Gross Margin % is 25.98. ZEAL Associate's value of 28.52% is 9.8% above this benchmark. Historically, ZEAL Associate's own Gross Margin % has ranged from 29.62 to 36.39 over the past decade. While the company's 10-year median is 31.15 vs. the industry median of 25.98, ZEAL Associate 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 Conglomerates company?
The median Gross Margin % among Conglomerates companies is 25.98, based on 515 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. ZEAL Associate's current Gross Margin % of 28.52% is 9.8% 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 ZEAL Associate and its competitors. For the Conglomerates industry, the median Gross Margin % is 25.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZEAL Associate's current Gross Margin % is 28.52%, which is near median its own 10-year median of 31.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZEAL Associate stock overvalued right now?
ZEAL Associate (TSE:329A) has a current Gross Margin % of 28.52%. The current Gross Margin % is 28.52%, which is near median its 10-year median of 31.15 and 9.8% above the Conglomerates industry median of 25.98. ZEAL Associate's overall GF Score™ is 16/100 with 3 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 ZEAL Associate (TSE:329A), the current Gross Margin % is 28.52% 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.
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