Adjuvant Holdings Co (TSE:4929) Gross Margin %: 67.97% (As of Mar. 2026) — Near Median


TSE:4929 Adjuvant Holdings Co Ltd TSE:4929
63 GF Score
Price 円730.00
GF Value 円736.10
Valuation Fairly Valued
! 2 Warning Signs
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What is Adjuvant Holdings Co Gross Margin %?

Adjuvant Holdings Co TSE:4929 63 Gross Margin % is 67.97% as of Mar. 2026, which is 7% above its 10-year median of 63.76. GuruFocus rates TSE:4929 with a GF Score™ of 63/100 and a GF Value™ of 円736.10 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,899 Consumer Packaged Goods companies, Adjuvant Holdings Co ranks better than 93.42% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Adjuvant Holdings Co's Gross Profit for the six months ended in Mar. 2026 was 円1,331 Mil. Adjuvant Holdings Co's Revenue for the six months ended in Mar. 2026 was 円1,958 Mil. Therefore, Adjuvant Holdings Co's Gross Margin % for the quarter that ended in Mar. 2026 was 67.97%.


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

TSE:4929' s Gross Margin % Range Over the Past 10 Years
Min: 60.12   Med: 63.76   Max: 67.21
Current: 67.21


During the past 13 years, the highest Gross Margin % of Adjuvant Holdings Co was 67.21%. The lowest was 60.12%. And the median was 63.76%.

TSE:4929's Gross Margin % is ranked better than
93.42% of 1899 companies
in the Consumer Packaged Goods industry
Industry Median: 26.37 vs TSE:4929: 67.21

Adjuvant Holdings Co had a gross margin of 67.97% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Adjuvant Holdings Co was 1.00% per year.


Adjuvant Holdings Co  (TSE:4929) 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

Adjuvant Holdings Co had a gross margin of 67.97% 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.


Adjuvant Holdings Co Gross Margin % Related Terms


Adjuvant Holdings Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Adjuvant 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.

Adjuvant Holdings Co Gross Margin % Chart

Adjuvant Holdings Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 66.45 66.61 64.45 64.79 67.21

Adjuvant Holdings Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 63.95 64.69 64.91 66.40 67.97

TSE:4929 vs PG, CL, KVUE: Gross Margin % Comparison

For the Household & Personal Products subindustry, Adjuvant 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.


Adjuvant Holdings Co Gross Margin % vs Consumer Packaged Goods Industry

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

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


TSE:4929
63GF Score
Adjuvant Holdings Co Ltd TSE:4929
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Adjuvant Holdings Co Gross Margin % Calculation

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

Adjuvant Holdings Co's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=2563.1 / 3813.665
=(Revenue - Cost of Goods Sold) / Revenue
=(3813.665 - 1250.596) / 3813.665
=67.21 %

Adjuvant Holdings Co's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=1330.7 / 1957.678
=(Revenue - Cost of Goods Sold) / Revenue
=(1957.678 - 626.986) / 1957.678
=67.97 %

* 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 67.97% mean?
Adjuvant Holdings Co (TSE:4929) has a Gross Margin % of 67.97% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Adjuvant Holdings Co and its competitors. This is near median its historical median of 63.76. Over the past decade, Adjuvant Holdings Co's Gross Margin % has ranged from 60.12 to 67.21. According to the industry distribution chart, Adjuvant Holdings Co ranks #125 out of 1899 companies in the Consumer Packaged Goods industry, placing it in the top 6.6%.
Is Adjuvant Holdings Co's Gross Margin % too high?
Adjuvant Holdings Co's current Gross Margin % of 67.97% is near median its 10-year median of 63.76. Over the past 10 years, this metric has ranged from a low of 60.12 to a high of 67.21. The Consumer Packaged Goods industry median Gross Margin % is 26.37. Adjuvant Holdings Co's value of 67.97% is 157.8% above this industry median. Based on the distribution chart, Adjuvant Holdings Co ranks #125 out of 1899 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Adjuvant Holdings Co has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Adjuvant Holdings Co's Gross Margin % compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Adjuvant Holdings Co ranks #125 out of 1899 companies for Gross Margin %. This places Adjuvant Holdings Co in the top 7% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.37. Adjuvant Holdings Co's value of 67.97% is 157.8% above this benchmark. Historically, Adjuvant Holdings Co's own Gross Margin % has ranged from 60.12 to 67.21 over the past decade. While the company's 10-year median is 63.76 vs. the industry median of 26.37, Adjuvant 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 26.37, based on 1,899 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. Adjuvant Holdings Co's current Gross Margin % of 67.97% is 157.8% 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 Adjuvant Holdings Co and its competitors. For the Consumer Packaged Goods industry, the median Gross Margin % is 26.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adjuvant Holdings Co's current Gross Margin % is 67.97%, which is near median its own 10-year median of 63.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adjuvant Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Adjuvant Holdings Co (TSE:4929) is currently considered Fairly Valued. The stock's GF Value™ is 円736.10, compared to a current price of 円730.00 — trading 0.8% below its estimated fair value. The current Gross Margin % is 67.97%, which is near median its 10-year median of 63.76 and 157.8% above the Consumer Packaged Goods industry median of 26.37. Adjuvant Holdings Co's overall GF Score™ is 63/100 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 Adjuvant Holdings Co (TSE:4929), the current Gross Margin % is 67.97% 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 Adjuvant Holdings Co (TSE:4929) Overvalued in 2026?

Based on GuruFocus' analysis, Adjuvant Holdings Co stock appears to be undervalued. The current stock price of 円730.00 is trading 0.8% below its estimated GF Value™ of 円736.10. GuruFocus considers Adjuvant Holdings Co to be Fairly Valued.

Key valuation signals for TSE:4929:

  • Gross Margin %: 67.97% (near median its 10-year median of 63.76)
  • GF Value™: 円736.10 vs. price of 円730.00 (0.8% below fair value)
  • GF Score™: 63/100 with 2 warning signs
  • Industry Position: 157.8% above the Consumer Packaged Goods median (#125 of 1899)

No single metric tells the full story. See the TSE:4929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Adjuvant Holdings Co Business Description

Address 5-5-5 Shimoyamatedori, Chuo-ku, Hyogo Prefecture, Kobe City, JPN, 650-0011
Adjuvant Holdings Co Ltd, formerly Adjuvant Cosme Japan Co Ltd is engaged in the research, development, production, and sale of cosmetics in Japan. It offers skin care products, including cleansing products, facial cleansers, lotions, beauty essences, masks, moisturizing creams, makeup bases, makeup, and body care products among other products.
63GF Score

Get the complete analysis for TSE:4929

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

円730.00
Price
円736.10
GF Value