Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
V-cubeTSE:3681 -10.00%17 Gross Margin % is 34.38% as of Dec. 2025, which is 21% below its 10-year median of 43.49. GuruFocus rates TSE:3681 with a GF Score™ of 17/100 and a GF Value™ of 円194.81 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,685 Software companies, V-cube ranks worse than 55.34% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. V-cube's Gross Profit for the
six
months ended in Dec. 2025 was 円1,666 Mil. V-cube's Revenue for the
six
months ended in Dec. 2025 was 円4,846 Mil. Therefore, V-cube's Gross Margin % for the quarter that ended in Dec. 2025 was 34.38%.
Warning Sign:
V-cube Inc gross margin has been in long-term decline. The average rate of decline per year is -5.4%.
The historical rank and industry rank for V-cube's Gross Margin % or its related term are showing as below:
TSE:3681'
s Gross Margin % Range Over the Past 10 Years
Min: 36.1 Med: 43.49 Max: 50.05
Current: 36.1
During the past 13 years, the highestGross Margin % of V-cube was 50.05%. The lowest was 36.10%. And the median was 43.49%.
TSE:3681's Gross Margin % is ranked worse than 55.34% of 2685
companies
in the Software industry
Industry Median: 40.49
vs TSE:3681: 36.10
V-cube had a gross margin of 34.38% for the quarter that ended in Dec. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for V-cube was -5.40% per year.
V-cube (TSE:3681) 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
V-cube had a gross margin of 34.38% for the quarter that ended in Dec. 2025 => 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.
V-cube Gross Margin % Related Terms
V-cube Gross Margin % Historical Data
* Premium members only.
The historical data trend for V-cube'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:3681 vs UBER, SHOP, CRM: Gross Margin % Comparison
For the Software - Application subindustry, V-cube'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.
V-cube Gross Margin % vs Software Industry
For the Software industry and Technology sector, V-cube's Gross Margin % distribution charts can be found below:
* The bar in red indicates where V-cube'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.
V-cube (TSE:3681) has a Gross Margin % of 34.38% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on V-cube and its competitors. This is 21% below median its historical median of 43.49. Over the past decade, V-cube's Gross Margin % has ranged from 36.10 to 50.05. According to the industry distribution chart, V-cube ranks #1486 out of 2685 companies in the Software industry, placing it in the top 55.3%.
Is V-cube's Gross Margin % too high?
V-cube's current Gross Margin % of 34.38% is 21% below median its 10-year median of 43.49. Over the past 10 years, this metric has ranged from a low of 36.10 to a high of 50.05. The Software industry median Gross Margin % is 40.49. V-cube's value of 34.38% is 15.1% below this industry median. Based on the distribution chart, V-cube ranks #1486 out of 2685 companies in the Software industry, which is below the industry midpoint. Overall, V-cube has a GF Score™ of 17/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does V-cube's Gross Margin % compare to UBER and SHOP?
According to the Software industry distribution chart, V-cube ranks #1486 out of 2685 companies for Gross Margin %. This places V-cube in the lower half of its industry. The industry median Gross Margin % is 40.49. V-cube's value of 34.38% is 15.1% below this benchmark. Historically, V-cube's own Gross Margin % has ranged from 36.10 to 50.05 over the past decade. While the company's 10-year median is 43.49 vs. the industry median of 40.49, V-cube 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 a Software company?
The median Gross Margin % among Software companies is 40.49, based on 2,685 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. V-cube's current Gross Margin % of 34.38% is 15.1% 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 V-cube and its competitors. For the Software industry, the median Gross Margin % is 40.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. V-cube's current Gross Margin % is 34.38%, which is 21% below median its own 10-year median of 43.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is V-cube stock overvalued right now?
Based on GuruFocus' analysis, V-cube (TSE:3681) is currently considered Possible Value Trap. The stock's GF Value™ is 円194.81, compared to a current price of 円9.00 — trading 95.4% below its estimated fair value. The current Gross Margin % is 34.38%, which is 21% below median its 10-year median of 43.49 and 15.1% below the Software industry median of 40.49. V-cube's overall GF Score™ is 17/100 with 5 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 V-cube (TSE:3681), the current Gross Margin % is 34.38% as of Dec. 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 V-cube (TSE:3681) Overvalued in 2026?
Based on GuruFocus' analysis, V-cube stock appears to be undervalued.
The current stock price of 円9.00 is trading 95.4% below its estimated GF Value™ of 円194.81.
GuruFocus considers V-cube to be Possible Value Trap.
Key valuation signals for TSE:3681:
Gross Margin %: 34.38% (21% below median its 10-year median of 43.49)
GF Value™: 円194.81 vs. price of 円9.00 (95.4% below fair value)
Industry Position: 15.1% below the Software median (#1486 of 2685)
No single metric tells the full story. See the TSE:3681 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
V-cube Inc operates in three segments, namely Event DX, Third Place DX, and Enterprise DX. Event DX Business includes remoting events in various fields; and Product provision, operational design, direction operation, log analysis, and other operational support. Third Place DX Business includes providing Telecube to companies and the public sector; and Higher value-added Telecube and development and deployment of third-place management and operation system. Enterprise DX business includes remote communication products for internal and external companies; and development, provision, and operational support of industry/application-specific remote communication products using SDK and hardware.
17GF Score
Get the complete analysis for TSE:3681
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3681 has been successfully added to your 
