System Integrator (TSE:3826) Gross Margin %: 36.10% (As of Feb. 2026) — Near Median

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TSE:3826 System Integrator Corp TSE:3826
76 GF Score
Price 円451.00
GF Value 円485.36
Valuation Fairly Valued
! 2 Warning Signs
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What is System Integrator Gross Margin %?

System Integrator TSE:3826 -0.22% 76 Gross Margin % is 36.10% as of Feb. 2026, which is 5% above its 10-year median of 34.24. GuruFocus rates TSE:3826 with a GF Score™ of 76/100 and a GF Value™ of 円485.36 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,683 Software companies, System Integrator ranks worse than 57.32% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. System Integrator's Gross Profit for the six months ended in Feb. 2026 was 円1,023 Mil. System Integrator's Revenue for the six months ended in Feb. 2026 was 円2,833 Mil. Therefore, System Integrator's Gross Margin % for the quarter that ended in Feb. 2026 was 36.10%.


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

TSE:3826' s Gross Margin % Range Over the Past 10 Years
Min: 27.7   Med: 34.24   Max: 38.55
Current: 34.6


During the past 13 years, the highest Gross Margin % of System Integrator was 38.55%. The lowest was 27.70%. And the median was 34.24%.

TSE:3826's Gross Margin % is ranked worse than
57.32% of 2683 companies
in the Software industry
Industry Median: 40.47 vs TSE:3826: 34.60

System Integrator had a gross margin of 36.10% for the quarter that ended in Feb. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for System Integrator was -0.10% per year.


System Integrator  (TSE:3826) 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

System Integrator had a gross margin of 36.10% for the quarter that ended in Feb. 2026 => 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.


System Integrator Gross Margin % Related Terms


System Integrator Gross Margin % Historical Data

* Premium members only.

The historical data trend for System Integrator'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.

System Integrator Gross Margin % Chart

System Integrator Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.97 35.14 33.68 32.48 34.60

System Integrator Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 32.01 33.07 31.97 33.03 36.10

TSE:3826 vs UBER, SHOP, CRM: Gross Margin % Comparison

For the Software - Application subindustry, System Integrator'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.


System Integrator Gross Margin % vs Software Industry

For the Software industry and Technology sector, System Integrator's Gross Margin % distribution charts can be found below:

* The bar in red indicates where System Integrator's Gross Margin % falls into.


TSE:3826
76GF Score
System Integrator Corp TSE:3826
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

System Integrator Gross Margin % Calculation

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

System Integrator's Gross Margin for the fiscal year that ended in Feb. 2026 is calculated as

Gross Margin % (A: Feb. 2026 )=Gross Profit (A: Feb. 2026 ) / Revenue (A: Feb. 2026 )
=1923 / 5558.183
=(Revenue - Cost of Goods Sold) / Revenue
=(5558.183 - 3635.186) / 5558.183
=34.60 %

System Integrator's Gross Margin for the quarter that ended in Feb. 2026 is calculated as


Gross Margin % (Q: Feb. 2026 )=Gross Profit (Q: Feb. 2026 ) / Revenue (Q: Feb. 2026 )
=1022.8 / 2833.12
=(Revenue - Cost of Goods Sold) / Revenue
=(2833.12 - 1810.276) / 2833.12
=36.10 %

* 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 36.10% mean?
System Integrator (TSE:3826) has a Gross Margin % of 36.10% as of Feb. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on System Integrator and its competitors. This is near median its historical median of 34.24. Over the past decade, System Integrator's Gross Margin % has ranged from 27.70 to 38.55. According to the industry distribution chart, System Integrator ranks #1538 out of 2683 companies in the Software industry, placing it in the top 57.3%.
Is System Integrator's Gross Margin % too high?
System Integrator's current Gross Margin % of 36.10% is near median its 10-year median of 34.24. Over the past 10 years, this metric has ranged from a low of 27.70 to a high of 38.55. The Software industry median Gross Margin % is 40.47. System Integrator's value of 36.10% is 10.8% below this industry median. Based on the distribution chart, System Integrator ranks #1538 out of 2683 companies in the Software industry, which is below the industry midpoint. Overall, System Integrator has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does System Integrator's Gross Margin % compare to UBER and SHOP?
According to the Software industry distribution chart, System Integrator ranks #1538 out of 2683 companies for Gross Margin %. This places System Integrator in the lower half of its industry. The industry median Gross Margin % is 40.47. System Integrator's value of 36.10% is 10.8% below this benchmark. Historically, System Integrator's own Gross Margin % has ranged from 27.70 to 38.55 over the past decade. While the company's 10-year median is 34.24 vs. the industry median of 40.47, System Integrator 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 40.47, based on 2,683 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. System Integrator's current Gross Margin % of 36.10% is 10.8% 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 System Integrator and its competitors. For the Software industry, the median Gross Margin % is 40.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. System Integrator's current Gross Margin % is 36.10%, which is near median its own 10-year median of 34.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is System Integrator stock overvalued right now?
Based on GuruFocus' analysis, System Integrator (TSE:3826) is currently considered Fairly Valued. The stock's GF Value™ is 円485.36, compared to a current price of 円451.00 — trading 7.1% below its estimated fair value. The current Gross Margin % is 36.10%, which is near median its 10-year median of 34.24 and 10.8% below the Software industry median of 40.47. System Integrator's overall GF Score™ is 76/100 with 2 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 System Integrator (TSE:3826), the current Gross Margin % is 36.10% as of Feb. 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 System Integrator (TSE:3826) Overvalued in 2026?

Based on GuruFocus' analysis, System Integrator stock appears to be undervalued. The current stock price of 円451.00 is trading 7.1% below its estimated GF Value™ of 円485.36. GuruFocus considers System Integrator to be Fairly Valued.

Key valuation signals for TSE:3826:

  • Gross Margin %: 36.10% (near median its 10-year median of 34.24)
  • GF Value™: 円485.36 vs. price of 円451.00 (7.1% below fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 10.8% below the Software median (#1538 of 2683)

No single metric tells the full story. See the TSE:3826 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


System Integrator Business Description

Address 11-2 Shintoshin, Chuo-ku, 32nd Floor, Land Axis Tower, Meiji Yasuda Life Saitama Shintoshin Building, Saitama City, JPN, 330-6032
System Integrator Corp is engaged in the development of package software and cloud service in Japan. It focuses on develop packages, customize development, cloud services, consulting and other products. It sells a wide variety of in-house products such as ERP, EC, Omni Channel, project management, database development, and design support tool, application design tool, and e-learning.
76GF Score

Get the complete analysis for TSE:3826

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

円451.00
Price
円485.36
GF Value