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Papyless CoTSE:3641 +1.80%66 Gross Margin % is 47.18% as of Sep. 2025, which is 11% below its 10-year median of 53.06. GuruFocus rates TSE:3641 with a GF Score™ of 66/100 and a GF Value™ of 円805.67 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 944 Media - Diversified companies, Papyless Co ranks better than 62.82% on this metric.
Papyless Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.5%.
The historical rank and industry rank for Papyless Co's Gross Margin % or its related term are showing as below:
TSE:3641'
s Gross Margin % Range Over the Past 10 Years
Min: 47.01 Med: 53.06 Max: 57.66
Current: 47.48
During the past 13 years, the highestGross Margin % of Papyless Co was 57.66%. The lowest was 47.01%. And the median was 53.06%.
TSE:3641's Gross Margin % is ranked better than 62.82% of 944
companies
in the Media - Diversified industry
Industry Median: 38.99
vs TSE:3641: 47.48
Papyless Co had a gross margin of 47.18% for the quarter that ended in Sep. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Papyless Co was -2.50% per year.
Papyless Co (TSE:3641) 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
Papyless Co had a gross margin of 47.18% for the quarter that ended in Sep. 2025 => 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.
Papyless Co Gross Margin % Related Terms
Papyless Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Papyless 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 Publishing subindustry, Papyless 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.
Papyless Co Gross Margin % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Papyless Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Papyless 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.
Papyless Co (TSE:3641) has a Gross Margin % of 47.18% as of Sep. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Papyless Co and its competitors. This is 11% below median its historical median of 53.06. Over the past decade, Papyless Co's Gross Margin % has ranged from 47.01 to 57.66. According to the industry distribution chart, Papyless Co ranks #351 out of 944 companies in the Media - Diversified industry, placing it in the top 37.2%.
Is Papyless Co's Gross Margin % too high?
Papyless Co's current Gross Margin % of 47.18% is 11% below median its 10-year median of 53.06. Over the past 10 years, this metric has ranged from a low of 47.01 to a high of 57.66. The Media - Diversified industry median Gross Margin % is 38.99. Papyless Co's value of 47.18% is 21% above this industry median. Based on the distribution chart, Papyless Co ranks #351 out of 944 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Papyless Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Papyless Co's Gross Margin % compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Papyless Co ranks #351 out of 944 companies for Gross Margin %. This puts Papyless Co in the upper half of its industry. The industry median Gross Margin % is 38.99. Papyless Co's value of 47.18% is 21% above this benchmark. Historically, Papyless Co's own Gross Margin % has ranged from 47.01 to 57.66 over the past decade. While the company's 10-year median is 53.06 vs. the industry median of 38.99, Papyless 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 Media - Diversified company?
The median Gross Margin % among Media - Diversified companies is 38.99, based on 944 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. Papyless Co's current Gross Margin % of 47.18% is 21% 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 Papyless Co and its competitors. For the Media - Diversified industry, the median Gross Margin % is 38.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Papyless Co's current Gross Margin % is 47.18%, which is 11% below median its own 10-year median of 53.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Papyless Co stock overvalued right now?
Based on GuruFocus' analysis, Papyless Co (TSE:3641) is currently considered Modestly Overvalued. The stock's GF Value™ is 円805.67, compared to a current price of 円959.00 — trading 19% above its estimated fair value. The current Gross Margin % is 47.18%, which is 11% below median its 10-year median of 53.06 and 21% above the Media - Diversified industry median of 38.99. Papyless Co's overall GF Score™ is 66/100 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 Papyless Co (TSE:3641), the current Gross Margin % is 47.18% as of Sep. 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 Papyless Co (TSE:3641) Overvalued in 2026?
Based on GuruFocus' analysis, Papyless Co stock appears to be overvalued.
The current stock price of 円959.00 is trading 19% above its estimated GF Value™ of 円805.67.
GuruFocus considers Papyless Co to be Modestly Overvalued.
Key valuation signals for TSE:3641:
Gross Margin %: 47.18% (11% below median its 10-year median of 53.06)
GF Value™: 円805.67 vs. price of 円959.00 (19% above fair value)
Industry Position: 21% above the Media - Diversified median (#351 of 944)
No single metric tells the full story. See the TSE:3641 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Papyless Co Ltd is a Japan-based company engaged in the sale, rental, and distribution of electronic books (E-books). It offers novel and non-fiction, practical books, photo books, comics, magazines, business and education, audio and picture novels, cartoons, and adult books, as well as photo album books.
66GF Score
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