BplatsTSE:4381 -0.57%35 Gross Margin % is 43.33% as of Mar. 2026, which is 16% below its 10-year median of 51.76. GuruFocus rates TSE:4381 with a GF Score™ of 35/100 and a GF Value™ of 円563.87 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,681 Software companies, Bplats ranks worse than 51.85% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Bplats's Gross Profit for the
six
months ended in Mar. 2026 was 円169.1 Mil. Bplats's Revenue for the
six
months ended in Mar. 2026 was 円390.3 Mil. Therefore, Bplats's Gross Margin % for the quarter that ended in Mar. 2026 was 43.33%.
Warning Sign:
Bplats Inc gross margin has been in long-term decline. The average rate of decline per year is -13.5%.
The historical rank and industry rank for Bplats's Gross Margin % or its related term are showing as below:
TSE:4381'
s Gross Margin % Range Over the Past 10 Years
Min: 22.06 Med: 51.76 Max: 65.72
Current: 38.92
During the past 11 years, the highestGross Margin % of Bplats was 65.72%. The lowest was 22.06%. And the median was 51.76%.
TSE:4381's Gross Margin % is ranked worse than 51.85% of 2681
companies
in the Software industry
Industry Median: 40.41
vs TSE:4381: 38.92
Bplats had a gross margin of 43.33% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Bplats was -13.50% per year.
Bplats (TSE:4381) 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
Bplats had a gross margin of 43.33% for the quarter that ended in Mar. 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.
Bplats Gross Margin % Related Terms
Bplats Gross Margin % Historical Data
* Premium members only.
The historical data trend for Bplats'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:4381 vs UBER, SHOP, CRM: Gross Margin % Comparison
For the Software - Application subindustry, Bplats'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.
Bplats Gross Margin % vs Software Industry
For the Software industry and Technology sector, Bplats's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Bplats'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.
Bplats (TSE:4381) has a Gross Margin % of 43.33% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Bplats and its competitors. This is 16% below median its historical median of 51.76. Over the past decade, Bplats' Gross Margin % has ranged from 22.06 to 65.72. According to the industry distribution chart, Bplats ranks #1390 out of 2681 companies in the Software industry, placing it in the top 51.8%.
Is Bplats' Gross Margin % too high?
Bplats' current Gross Margin % of 43.33% is 16% below median its 10-year median of 51.76. Over the past 10 years, this metric has ranged from a low of 22.06 to a high of 65.72. The Software industry median Gross Margin % is 40.41. Bplats' value of 43.33% is 7.2% above this industry median. Based on the distribution chart, Bplats ranks #1390 out of 2681 companies in the Software industry, which is below the industry midpoint. Overall, Bplats has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bplats' Gross Margin % compare to UBER and SHOP?
According to the Software industry distribution chart, Bplats ranks #1390 out of 2681 companies for Gross Margin %. This places Bplats in the lower half of its industry. The industry median Gross Margin % is 40.41. Bplats' value of 43.33% is 7.2% above this benchmark. Historically, Bplats' own Gross Margin % has ranged from 22.06 to 65.72 over the past decade. While the company's 10-year median is 51.76 vs. the industry median of 40.41, Bplats 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 Software company?
The median Gross Margin % among Software companies is 40.41, based on 2,681 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. Bplats's current Gross Margin % of 43.33% is 7.2% 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 Bplats and its competitors. For the Software industry, the median Gross Margin % is 40.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bplats's current Gross Margin % is 43.33%, which is 16% below median its own 10-year median of 51.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bplats stock overvalued right now?
Based on GuruFocus' analysis, Bplats (TSE:4381) is currently considered Possible Value Trap. The stock's GF Value™ is 円563.87, compared to a current price of 円173.00 — trading 69.3% below its estimated fair value. The current Gross Margin % is 43.33%, which is 16% below median its 10-year median of 51.76 and 7.2% above the Software industry median of 40.41. Bplats' overall GF Score™ is 35/100 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 Bplats (TSE:4381), the current Gross Margin % is 43.33% as of Mar. 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 Bplats (TSE:4381) Overvalued in 2026?
Based on GuruFocus' analysis, Bplats stock appears to be undervalued.
The current stock price of 円173.00 is trading 69.3% below its estimated GF Value™ of 円563.87.
GuruFocus considers Bplats to be Possible Value Trap.
Key valuation signals for TSE:4381:
Gross Margin %: 43.33% (16% below median its 10-year median of 51.76)
GF Value™: 円563.87 vs. price of 円173.00 (69.3% below fair value)
Industry Position: 7.2% above the Software median (#1390 of 2681)
No single metric tells the full story. See the TSE:4381 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bplats Inc is a software application developer. The company is engaged in providing a sales and management platform for subscription services. The product of the firm includes Bplats, which is a sales management solution that enables contract management and billing management, such as monthly billing and annual billing, including subscription fees.
35GF Score
Get the complete analysis for TSE:4381
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:4381 has been successfully added to your 
