GREE Holdings (TSE:3632) Gross Margin %: 47.24% (As of Mar. 2026) — 18% Below Median

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TSE:3632 GREE Holdings Inc TSE:3632
71 GF Score
Price 円426.00
GF Value 円391.57
Valuation Fairly Valued
! 4 Warning Signs
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What is GREE Holdings Gross Margin %?

GREE Holdings TSE:3632 +0.24% 71 Gross Margin % is 47.24% as of Mar. 2026, which is 18% below its 10-year median of 57.65. GuruFocus rates TSE:3632 with a GF Score™ of 71/100 and a GF Value™ of 円391.57 (Fairly Valued). The stock has 4 warning signs investors should review. Among 492 Interactive Media companies, GREE Holdings ranks worse than 63.01% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. GREE Holdings's Gross Profit for the three months ended in Mar. 2026 was 円6,128 Mil. GREE Holdings's Revenue for the three months ended in Mar. 2026 was 円12,972 Mil. Therefore, GREE Holdings's Gross Margin % for the quarter that ended in Mar. 2026 was 47.24%.

Warning Sign:

GREE Holdings Inc gross margin has been in long-term decline. The average rate of decline per year is -4.7%.


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

TSE:3632' s Gross Margin % Range Over the Past 10 Years
Min: 47.62   Med: 57.65   Max: 66.44
Current: 47.63


During the past 13 years, the highest Gross Margin % of GREE Holdings was 66.44%. The lowest was 47.62%. And the median was 57.65%.

TSE:3632's Gross Margin % is ranked worse than
63.01% of 492 companies
in the Interactive Media industry
Industry Median: 61.56 vs TSE:3632: 47.63

GREE Holdings had a gross margin of 47.24% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for GREE Holdings was -4.70% per year.


GREE Holdings  (TSE:3632) 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

GREE Holdings had a gross margin of 47.24% 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.


GREE Holdings Gross Margin % Related Terms


GREE Holdings Gross Margin % Historical Data

* Premium members only.

The historical data trend for GREE 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.

GREE Holdings Gross Margin % Chart

GREE Holdings Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 59.88 61.78 55.85 51.14 47.62

GREE Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 47.85 49.40 43.87 47.24 49.95

TSE:3632 vs NTES, EA, TTWO: Gross Margin % Comparison

For the Electronic Gaming & Multimedia subindustry, GREE 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.


GREE Holdings Gross Margin % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, GREE Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where GREE Holdings's Gross Margin % falls into.


TSE:3632
71GF Score
GREE Holdings Inc TSE:3632
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GREE Holdings Gross Margin % Calculation

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

GREE Holdings's Gross Margin for the fiscal year that ended in Jun. 2026 is calculated as

Gross Margin % (A: Jun. 2026 )=Gross Profit (A: Jun. 2026 ) / Revenue (A: Jun. 2026 )
=24443 / 51324
=(Revenue - Cost of Goods Sold) / Revenue
=(51324 - 26881) / 51324
=47.62 %

GREE Holdings's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=6128 / 12972
=(Revenue - Cost of Goods Sold) / Revenue
=(12972 - 6844) / 12972
=47.24 %

* 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 47.24% mean?
GREE Holdings (TSE:3632) has a Gross Margin % of 47.24% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on GREE Holdings and its competitors. This is 18% below median its historical median of 57.65. Over the past decade, GREE Holdings' Gross Margin % has ranged from 47.62 to 66.44. According to the industry distribution chart, GREE Holdings ranks #310 out of 492 companies in the Interactive Media industry, placing it in the top 63%.
Is GREE Holdings' Gross Margin % too high?
GREE Holdings' current Gross Margin % of 47.24% is 18% below median its 10-year median of 57.65. Over the past 10 years, this metric has ranged from a low of 47.62 to a high of 66.44. The Interactive Media industry median Gross Margin % is 61.56. GREE Holdings' value of 47.24% is 23.3% below this industry median. Based on the distribution chart, GREE Holdings ranks #310 out of 492 companies in the Interactive Media industry, which is below the industry midpoint. Overall, GREE Holdings has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GREE Holdings' Gross Margin % compare to NTES and EA?
According to the Interactive Media industry distribution chart, GREE Holdings ranks #310 out of 492 companies for Gross Margin %. This places GREE Holdings in the lower half of its industry. The industry median Gross Margin % is 61.56. GREE Holdings' value of 47.24% is 23.3% below this benchmark. Historically, GREE Holdings' own Gross Margin % has ranged from 47.62 to 66.44 over the past decade. While the company's 10-year median is 57.65 vs. the industry median of 61.56, GREE 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 an Interactive Media company?
The median Gross Margin % among Interactive Media companies is 61.56, based on 492 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. GREE Holdings's current Gross Margin % of 47.24% is 23.3% 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 GREE Holdings and its competitors. For the Interactive Media industry, the median Gross Margin % is 61.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GREE Holdings's current Gross Margin % is 47.24%, which is 18% below median its own 10-year median of 57.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GREE Holdings stock overvalued right now?
Based on GuruFocus' analysis, GREE Holdings (TSE:3632) is currently considered Fairly Valued. The stock's GF Value™ is 円391.57, compared to a current price of 円426.00 — trading 8.8% above its estimated fair value. The current Gross Margin % is 47.24%, which is 18% below median its 10-year median of 57.65 and 23.3% below the Interactive Media industry median of 61.56. GREE Holdings' overall GF Score™ is 71/100 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 GREE Holdings (TSE:3632), the current Gross Margin % is 47.24% 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 GREE Holdings (TSE:3632) Overvalued in 2026?

Based on GuruFocus' analysis, GREE Holdings stock appears to be overvalued. The current stock price of 円426.00 is trading 8.8% above its estimated GF Value™ of 円391.57. GuruFocus considers GREE Holdings to be Fairly Valued.

Key valuation signals for TSE:3632:

  • Gross Margin %: 47.24% (18% below median its 10-year median of 57.65)
  • GF Value™: 円391.57 vs. price of 円426.00 (8.8% above fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 23.3% below the Interactive Media median (#310 of 492)

No single metric tells the full story. See the TSE:3632 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GREE Holdings Business Description

Other Exchanges V3U:Germany
Address 6-11-1 Roppongi, Roppongi Hills Mori Tower, Minato-ku, Tokyo, JPN
GREE Holdings Inc is a Japanese internet media company headquartered in Tokyo. It is engaged in developing the Game and Anime, Metaverse, DX, Manga, and Investment Business.
71GF Score

Get the complete analysis for TSE:3632

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

円426.00
Price
円391.57
GF Value