EnigmoTSE:3665 -1.47%69 Gross Margin % is 72.42% as of Jan. 2026, which is 11% below its 10-year median of 80.96. GuruFocus rates TSE:3665 with a GF Score™ of 69/100 and a GF Value™ of 円449.78 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,109 Retail - Cyclical companies, Enigmo ranks better than 94.32% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Enigmo's Gross Profit for the
three
months ended in Jan. 2026 was 円1,423 Mil. Enigmo's Revenue for the
three
months ended in Jan. 2026 was 円1,965 Mil. Therefore, Enigmo's Gross Margin % for the quarter that ended in Jan. 2026 was 72.42%.
Warning Sign:
Enigmo Inc gross margin has been in long-term decline. The average rate of decline per year is -2.2%.
The historical rank and industry rank for Enigmo's Gross Margin % or its related term are showing as below:
TSE:3665'
s Gross Margin % Range Over the Past 10 Years
Min: 71.89 Med: 80.96 Max: 83.99
Current: 71.96
During the past 13 years, the highestGross Margin % of Enigmo was 83.99%. The lowest was 71.89%. And the median was 80.96%.
TSE:3665's Gross Margin % is ranked better than 94.32% of 1109
companies
in the Retail - Cyclical industry
Industry Median: 36.26
vs TSE:3665: 71.96
Enigmo had a gross margin of 72.42% for the quarter that ended in Jan. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Enigmo was -2.20% per year.
Enigmo (TSE:3665) 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
Enigmo had a gross margin of 72.42% for the quarter that ended in Jan. 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.
Enigmo Gross Margin % Related Terms
Enigmo Gross Margin % Historical Data
* Premium members only.
The historical data trend for Enigmo'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:3665 vs AMZN, BABA, PDD: Gross Margin % Comparison
For the Internet Retail subindustry, Enigmo'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.
Enigmo Gross Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Enigmo's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Enigmo'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.
Enigmo (TSE:3665) has a Gross Margin % of 72.42% as of Jan. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Enigmo and its competitors. This is 11% below median its historical median of 80.96. Over the past decade, Enigmo's Gross Margin % has ranged from 71.89 to 83.99. According to the industry distribution chart, Enigmo ranks #63 out of 1109 companies in the Retail - Cyclical industry, placing it in the top 5.7%.
Is Enigmo's Gross Margin % too high?
Enigmo's current Gross Margin % of 72.42% is 11% below median its 10-year median of 80.96. Over the past 10 years, this metric has ranged from a low of 71.89 to a high of 83.99. The Retail - Cyclical industry median Gross Margin % is 36.26. Enigmo's value of 72.42% is 99.7% above this industry median. Based on the distribution chart, Enigmo ranks #63 out of 1109 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Enigmo has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Enigmo's Gross Margin % compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Enigmo ranks #63 out of 1109 companies for Gross Margin %. This places Enigmo in the top 6% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 36.26. Enigmo's value of 72.42% is 99.7% above this benchmark. Historically, Enigmo's own Gross Margin % has ranged from 71.89 to 83.99 over the past decade. While the company's 10-year median is 80.96 vs. the industry median of 36.26, Enigmo 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 1,109 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. Enigmo's current Gross Margin % of 72.42% is 99.7% 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 Enigmo 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. Enigmo's current Gross Margin % is 72.42%, which is 11% below median its own 10-year median of 80.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enigmo stock overvalued right now?
Based on GuruFocus' analysis, Enigmo (TSE:3665) is currently considered Modestly Undervalued. The stock's GF Value™ is 円449.78, compared to a current price of 円401.00 — trading 10.8% below its estimated fair value. The current Gross Margin % is 72.42%, which is 11% below median its 10-year median of 80.96 and 99.7% above the Retail - Cyclical industry median of 36.26. Enigmo's overall GF Score™ is 69/100 with 7 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 Enigmo (TSE:3665), the current Gross Margin % is 72.42% as of Jan. 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 Enigmo (TSE:3665) Overvalued in 2026?
Based on GuruFocus' analysis, Enigmo stock appears to be undervalued.
The current stock price of 円401.00 is trading 10.8% below its estimated GF Value™ of 円449.78.
GuruFocus considers Enigmo to be Modestly Undervalued.
Key valuation signals for TSE:3665:
Gross Margin %: 72.42% (11% below median its 10-year median of 80.96)
GF Value™: 円449.78 vs. price of 円401.00 (10.8% below fair value)
Industry Position: 99.7% above the Retail - Cyclical median (#63 of 1109)
No single metric tells the full story. See the TSE:3665 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Enigmo Inc develops internet business models. It operates BUYMA, a marketplace for buying fashion items from personal shoppers; BUYMA TRAVEL, a website that provides private local tours to Japanese travelers living abroad; and STYLE HAUS, a platform that offers fashion, lifestyle, and cosmetics recommendations.
69GF Score
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