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KayacTSE:3904 -0.70%61 Gross Margin % is 51.06% as of Dec. 2025, which is 10% above its 10-year median of 46.23. GuruFocus rates TSE:3904 with a GF Score™ of 61/100 and a GF Value™ of 円783.77 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 493 Interactive Media companies, Kayac ranks worse than 58.62% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Kayac's Gross Profit for the
three
months ended in Dec. 2025 was 円2,999 Mil. Kayac's Revenue for the
three
months ended in Dec. 2025 was 円5,873 Mil. Therefore, Kayac's Gross Margin % for the quarter that ended in Dec. 2025 was 51.06%.
The historical rank and industry rank for Kayac's Gross Margin % or its related term are showing as below:
TSE:3904'
s Gross Margin % Range Over the Past 10 Years
Min: 20.39 Med: 46.23 Max: 54.32
Current: 52.87
During the past 13 years, the highestGross Margin % of Kayac was 54.32%. The lowest was 20.39%. And the median was 46.23%.
TSE:3904's Gross Margin % is ranked worse than 58.62% of 493
companies
in the Interactive Media industry
Industry Median: 61.61
vs TSE:3904: 52.87
Kayac had a gross margin of 51.06% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Kayac was 4.10% per year.
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
Kayac had a gross margin of 51.06% for the quarter that ended in Dec. 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.
Kayac Gross Margin % Related Terms
Kayac Gross Margin % Historical Data
* Premium members only.
The historical data trend for Kayac'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:3904 vs NTES, EA, TTWO: Gross Margin % Comparison
For the Electronic Gaming & Multimedia subindustry, Kayac'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.
Kayac Gross Margin % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Kayac's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Kayac'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.
Kayac (TSE:3904) has a Gross Margin % of 51.06% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Kayac and its competitors. This is 10% above median its historical median of 46.23. Over the past decade, Kayac's Gross Margin % has ranged from 20.39 to 54.32. According to the industry distribution chart, Kayac ranks #289 out of 493 companies in the Interactive Media industry, placing it in the top 58.6%.
Is Kayac's Gross Margin % too high?
Kayac's current Gross Margin % of 51.06% is 10% above median its 10-year median of 46.23. Over the past 10 years, this metric has ranged from a low of 20.39 to a high of 54.32. The Interactive Media industry median Gross Margin % is 61.61. Kayac's value of 51.06% is 17.1% below this industry median. Based on the distribution chart, Kayac ranks #289 out of 493 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Kayac has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kayac's Gross Margin % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Kayac ranks #289 out of 493 companies for Gross Margin %. This places Kayac in the lower half of its industry. The industry median Gross Margin % is 61.61. Kayac's value of 51.06% is 17.1% below this benchmark. Historically, Kayac's own Gross Margin % has ranged from 20.39 to 54.32 over the past decade. While the company's 10-year median is 46.23 vs. the industry median of 61.61, Kayac 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 61.61, based on 493 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. Kayac's current Gross Margin % of 51.06% is 17.1% 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 Kayac and its competitors. For the Interactive Media industry, the median Gross Margin % is 61.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kayac's current Gross Margin % is 51.06%, which is 10% above median its own 10-year median of 46.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kayac stock overvalued right now?
Based on GuruFocus' analysis, Kayac (TSE:3904) is currently considered Significantly Undervalued. The stock's GF Value™ is 円783.77, compared to a current price of 円423.00 — trading 46% below its estimated fair value. The current Gross Margin % is 51.06%, which is 10% above median its 10-year median of 46.23 and 17.1% below the Interactive Media industry median of 61.61. Kayac's overall GF Score™ is 61/100 with 1 warning sign 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 Kayac (TSE:3904), the current Gross Margin % is 51.06% 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 Kayac (TSE:3904) Overvalued in 2026?
Based on GuruFocus' analysis, Kayac stock appears to be undervalued.
The current stock price of 円423.00 is trading 46% below its estimated GF Value™ of 円783.77.
GuruFocus considers Kayac to be Significantly Undervalued.
Key valuation signals for TSE:3904:
Gross Margin %: 51.06% (10% above median its 10-year median of 46.23)
GF Value™: 円783.77 vs. price of 円423.00 (46% below fair value)
Industry Position: 17.1% below the Interactive Media median (#289 of 493)
No single metric tells the full story. See the TSE:3904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kayac Inc is a Japanese entertainment content business. The group operates a digital platform, a publishing business, and develops and invests in area-specific content in key regions. It provides services of Regional capitalism, Game Entertainment, Interesting Production, e-sports, and Others.
61GF Score
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