Noevir Holdings Co (TSE:4928) Gross Margin %: 68.24% (As of Dec. 2025) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:4928 Noevir Holdings Co Ltd TSE:4928
79 GF Score
Price 円4,585.00
GF Value 円5,265.32
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Noevir Holdings Co Gross Margin %?

Noevir Holdings Co TSE:4928 -0.43% 79 Gross Margin % is 68.24% as of Dec. 2025, which is 5% above its 10-year median of 65.25. GuruFocus rates TSE:4928 with a GF Score™ of 79/100 and a GF Value™ of 円5,265.32 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,908 Consumer Packaged Goods companies, Noevir Holdings Co ranks better than 93.45% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Noevir Holdings Co's Gross Profit for the three months ended in Dec. 2025 was 円10,554 Mil. Noevir Holdings Co's Revenue for the three months ended in Dec. 2025 was 円15,466 Mil. Therefore, Noevir Holdings Co's Gross Margin % for the quarter that ended in Dec. 2025 was 68.24%.


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

TSE:4928' s Gross Margin % Range Over the Past 10 Years
Min: 63.81   Med: 65.25   Max: 68.84
Current: 67.02


During the past 13 years, the highest Gross Margin % of Noevir Holdings Co was 68.84%. The lowest was 63.81%. And the median was 65.25%.

TSE:4928's Gross Margin % is ranked better than
93.45% of 1908 companies
in the Consumer Packaged Goods industry
Industry Median: 26.345 vs TSE:4928: 67.02

Noevir Holdings Co had a gross margin of 68.24% for the quarter that ended in Dec. 2025 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Noevir Holdings Co was 1.10% per year.


Noevir Holdings Co  (TSE:4928) 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

Noevir Holdings Co had a gross margin of 68.24% 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.


Noevir Holdings Co Gross Margin % Related Terms


Noevir Holdings Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Noevir Holdings Co'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.

Noevir Holdings Co Gross Margin % Chart

Noevir Holdings Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.42 68.84 68.05 67.62 66.87

Noevir Holdings Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 67.41 68.52 64.27 68.24 67.42

TSE:4928 vs PG, CL, KVUE: Gross Margin % Comparison

For the Household & Personal Products subindustry, Noevir Holdings Co'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.


Noevir Holdings Co Gross Margin % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Noevir Holdings Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Noevir Holdings Co's Gross Margin % falls into.


TSE:4928
79GF Score
Noevir Holdings Co Ltd TSE:4928
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Noevir Holdings Co Gross Margin % Calculation

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

Noevir Holdings Co's Gross Margin for the fiscal year that ended in Sep. 2025 is calculated as

Gross Margin % (A: Sep. 2025 )=Gross Profit (A: Sep. 2025 ) / Revenue (A: Sep. 2025 )
=43278 / 64724
=(Revenue - Cost of Goods Sold) / Revenue
=(64724 - 21446) / 64724
=66.87 %

Noevir Holdings Co's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=10554 / 15466
=(Revenue - Cost of Goods Sold) / Revenue
=(15466 - 4912) / 15466
=68.24 %

* 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 68.24% mean?
Noevir Holdings Co (TSE:4928) has a Gross Margin % of 68.24% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Noevir Holdings Co and its competitors. This is near median its historical median of 65.25. Over the past decade, Noevir Holdings Co's Gross Margin % has ranged from 63.81 to 68.84. According to the industry distribution chart, Noevir Holdings Co ranks #125 out of 1908 companies in the Consumer Packaged Goods industry, placing it in the top 6.6%.
Is Noevir Holdings Co's Gross Margin % too high?
Noevir Holdings Co's current Gross Margin % of 68.24% is near median its 10-year median of 65.25. Over the past 10 years, this metric has ranged from a low of 63.81 to a high of 68.84. The Consumer Packaged Goods industry median Gross Margin % is 26.35. Noevir Holdings Co's value of 68.24% is 159% above this industry median. Based on the distribution chart, Noevir Holdings Co ranks #125 out of 1908 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Noevir Holdings Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Noevir Holdings Co's Gross Margin % compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Noevir Holdings Co ranks #125 out of 1908 companies for Gross Margin %. This places Noevir Holdings Co in the top 7% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.35. Noevir Holdings Co's value of 68.24% is 159% above this benchmark. Historically, Noevir Holdings Co's own Gross Margin % has ranged from 63.81 to 68.84 over the past decade. While the company's 10-year median is 65.25 vs. the industry median of 26.35, Noevir Holdings Co 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 Consumer Packaged Goods company?
The median Gross Margin % among Consumer Packaged Goods companies is 26.35, based on 1,908 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. Noevir Holdings Co's current Gross Margin % of 68.24% is 159% 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 Noevir Holdings Co and its competitors. For the Consumer Packaged Goods industry, the median Gross Margin % is 26.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noevir Holdings Co's current Gross Margin % is 68.24%, which is near median its own 10-year median of 65.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noevir Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Noevir Holdings Co (TSE:4928) is currently considered Modestly Undervalued. The stock's GF Value™ is 円5,265.32, compared to a current price of 円4,585.00 — trading 12.9% below its estimated fair value. The current Gross Margin % is 68.24%, which is near median its 10-year median of 65.25 and 159% above the Consumer Packaged Goods industry median of 26.35. Noevir Holdings Co's overall GF Score™ is 79/100 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 Noevir Holdings Co (TSE:4928), the current Gross Margin % is 68.24% 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 Noevir Holdings Co (TSE:4928) Overvalued in 2026?

Based on GuruFocus' analysis, Noevir Holdings Co stock appears to be undervalued. The current stock price of 円4,585.00 is trading 12.9% below its estimated GF Value™ of 円5,265.32. GuruFocus considers Noevir Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:4928:

  • Gross Margin %: 68.24% (near median its 10-year median of 65.25)
  • GF Value™: 円5,265.32 vs. price of 円4,585.00 (12.9% below fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 159% above the Consumer Packaged Goods median (#125 of 1908)

No single metric tells the full story. See the TSE:4928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Noevir Holdings Co Business Description

Address 13-1, Minatojima Nakamachi 6-chome, Chuo-ku, Kobe, JPN, 650-8521
Noevir Holdings Co Ltd is a Japan-based company that is principally engaged in two businesses: cosmetics and pharmaceuticals and health food. The cosmetics business produces and offers skincare and makeup products under a number of brands, like Noevir, NOV, and Sana. The pharmaceuticals and health food business develops, produces, and sells a broad range-of-products, including Nanten Nodo Ame cough drops, functional drinks, and other over-the-counter pharmaceuticals, such as cold remedies and eye drops, and health food products as well. These two businesses jointly contribute the majority of the company's revenue. The company also operates apparel and aircraft sales and leasing. The company has a presence in many countries across the world and focuses on developing Asian markets.
79GF Score

Get the complete analysis for TSE:4928

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

円4,585.00
Price
円5,265.32
GF Value