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First Brothers CoTSE:3454 +0.08%65 Gross Margin % is 41.87% as of May. 2026, which is 44% above its 10-year median of 29.16. GuruFocus rates TSE:3454 with a GF Score™ of 65/100 and a GF Value™ of 円1,541.44 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 548 Asset Management companies, First Brothers Co ranks worse than 65.88% on this metric.
The historical rank and industry rank for First Brothers Co's Gross Margin % or its related term are showing as below:
TSE:3454'
s Gross Margin % Range Over the Past 10 Years
Min: 25.15 Med: 29.16 Max: 41.09
Current: 40.42
During the past 13 years, the highestGross Margin % of First Brothers Co was 41.09%. The lowest was 25.15%. And the median was 29.16%.
TSE:3454's Gross Margin % is ranked worse than 65.88% of 548
companies
in the Asset Management industry
Industry Median: 56.535
vs TSE:3454: 40.42
First Brothers Co had a gross margin of 41.87% for the quarter that ended in May. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for First Brothers Co was 7.70% per year.
First Brothers Co (TSE:3454) 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
First Brothers Co had a gross margin of 41.87% for the quarter that ended in May. 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.
First Brothers Co Gross Margin % Related Terms
First Brothers Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for First Brothers 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:3454 vs BLK, BX, KKR: Gross Margin % Comparison
For the Asset Management subindustry, First Brothers 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.
First Brothers Co Gross Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, First Brothers Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where First Brothers 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.
First Brothers Co (TSE:3454) has a Gross Margin % of 41.87% as of May. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on First Brothers Co and its competitors. This is 44% above median its historical median of 29.16. Over the past decade, First Brothers Co's Gross Margin % has ranged from 25.15 to 41.09. According to the industry distribution chart, First Brothers Co ranks #361 out of 548 companies in the Asset Management industry, placing it in the top 65.9%.
Is First Brothers Co's Gross Margin % too high?
First Brothers Co's current Gross Margin % of 41.87% is 44% above median its 10-year median of 29.16. Over the past 10 years, this metric has ranged from a low of 25.15 to a high of 41.09. The Asset Management industry median Gross Margin % is 56.54. First Brothers Co's value of 41.87% is 25.9% below this industry median. Based on the distribution chart, First Brothers Co ranks #361 out of 548 companies in the Asset Management industry, which is below the industry midpoint. Overall, First Brothers Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Brothers Co's Gross Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, First Brothers Co ranks #361 out of 548 companies for Gross Margin %. This places First Brothers Co in the lower half of its industry. The industry median Gross Margin % is 56.54. First Brothers Co's value of 41.87% is 25.9% below this benchmark. Historically, First Brothers Co's own Gross Margin % has ranged from 25.15 to 41.09 over the past decade. While the company's 10-year median is 29.16 vs. the industry median of 56.54, First Brothers 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 an Asset Management company?
The median Gross Margin % among Asset Management companies is 56.54, based on 548 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. First Brothers Co's current Gross Margin % of 41.87% is 25.9% 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 First Brothers Co and its competitors. For the Asset Management industry, the median Gross Margin % is 56.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Brothers Co's current Gross Margin % is 41.87%, which is 44% above median its own 10-year median of 29.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Brothers Co stock overvalued right now?
Based on GuruFocus' analysis, First Brothers Co (TSE:3454) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,541.44, compared to a current price of 円1,277.00 — trading 17.2% below its estimated fair value. The current Gross Margin % is 41.87%, which is 44% above median its 10-year median of 29.16 and 25.9% below the Asset Management industry median of 56.54. First Brothers Co's overall GF Score™ is 65/100 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 First Brothers Co (TSE:3454), the current Gross Margin % is 41.87% as of May. 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 First Brothers Co (TSE:3454) Overvalued in 2026?
Based on GuruFocus' analysis, First Brothers Co stock appears to be undervalued.
The current stock price of 円1,277.00 is trading 17.2% below its estimated GF Value™ of 円1,541.44.
GuruFocus considers First Brothers Co to be Modestly Undervalued.
Key valuation signals for TSE:3454:
Gross Margin %: 41.87% (44% above median its 10-year median of 29.16)
GF Value™: 円1,541.44 vs. price of 円1,277.00 (17.2% below fair value)
Industry Position: 25.9% below the Asset Management median (#361 of 548)
No single metric tells the full story. See the TSE:3454 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Brothers Co Ltd engages in the investment management business. It operates through the Investment Management, Investment Banking, and Facility Management divisions. The Investment Management division invests in real estate or real estate trust beneficiary rights by performing asset management in a private fund format. The Investment Banking division provides various advisory services for real estate and other investments. The Facility Management operates accommodation facilities to provide hospitality services from a medium-to long-term perspective.
65GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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