Toyo Drilube Co (TSE:4976) Gross Margin %: 33.88% (As of Mar. 2026) — 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:4976 Toyo Drilube Co Ltd TSE:4976
69 GF Score
Price 円1,460.00
GF Value 円1,361.63
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Toyo Drilube Co Gross Margin %?

Toyo Drilube Co TSE:4976 +0.34% 69 Gross Margin % is 33.88% as of Mar. 2026, which is 9% above its 10-year median of 31.05. GuruFocus rates TSE:4976 with a GF Score™ of 69/100 and a GF Value™ of 円1,361.63 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,566 Chemicals companies, Toyo Drilube Co ranks better than 74.9% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Toyo Drilube Co's Gross Profit for the three months ended in Mar. 2026 was 円460 Mil. Toyo Drilube Co's Revenue for the three months ended in Mar. 2026 was 円1,358 Mil. Therefore, Toyo Drilube Co's Gross Margin % for the quarter that ended in Mar. 2026 was 33.88%.


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

TSE:4976' s Gross Margin % Range Over the Past 10 Years
Min: 20.02   Med: 31.05   Max: 38.42
Current: 34.95


During the past 13 years, the highest Gross Margin % of Toyo Drilube Co was 38.42%. The lowest was 20.02%. And the median was 31.05%.

TSE:4976's Gross Margin % is ranked better than
74.9% of 1566 companies
in the Chemicals industry
Industry Median: 23.995 vs TSE:4976: 34.95

Toyo Drilube Co had a gross margin of 33.88% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Toyo Drilube Co was 6.80% per year.


Toyo Drilube Co  (TSE:4976) 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

Toyo Drilube Co had a gross margin of 33.88% for the quarter that ended in Mar. 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.


Toyo Drilube Co Gross Margin % Related Terms


Toyo Drilube Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Toyo Drilube 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.

Toyo Drilube Co Gross Margin % Chart

Toyo Drilube Co Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.42 35.32 37.84 37.46 34.95

Toyo Drilube Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 35.72 36.25 34.09 33.88 35.61

TSE:4976 vs LIN, SHW, ECL: Gross Margin % Comparison

For the Specialty Chemicals subindustry, Toyo Drilube 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.


Toyo Drilube Co Gross Margin % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Toyo Drilube Co's Gross Margin % distribution charts can be found below:

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


TSE:4976
69GF Score
Toyo Drilube Co Ltd TSE:4976
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toyo Drilube Co Gross Margin % Calculation

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

Toyo Drilube Co's Gross Margin for the fiscal year that ended in Jun. 2026 is calculated as

Gross Margin % (A: Jun. 2026 )=Gross Profit (A: Jun. 2026 ) / Revenue (A: Jun. 2026 )
=1892 / 5412.705
=(Revenue - Cost of Goods Sold) / Revenue
=(5412.705 - 3520.747) / 5412.705
=34.95 %

Toyo Drilube 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 )
=460 / 1357.845
=(Revenue - Cost of Goods Sold) / Revenue
=(1357.845 - 897.814) / 1357.845
=33.88 %

* 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 33.88% mean?
Toyo Drilube Co (TSE:4976) has a Gross Margin % of 33.88% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Toyo Drilube Co and its competitors. This is near median its historical median of 31.05. Over the past decade, Toyo Drilube Co's Gross Margin % has ranged from 20.02 to 38.42. According to the industry distribution chart, Toyo Drilube Co ranks #393 out of 1566 companies in the Chemicals industry, placing it in the top 25.1%.
Is Toyo Drilube Co's Gross Margin % too high?
Toyo Drilube Co's current Gross Margin % of 33.88% is near median its 10-year median of 31.05. Over the past 10 years, this metric has ranged from a low of 20.02 to a high of 38.42. The Chemicals industry median Gross Margin % is 24.00. Toyo Drilube Co's value of 33.88% is 41.2% above this industry median. Based on the distribution chart, Toyo Drilube Co ranks #393 out of 1566 companies in the Chemicals industry, which is above the industry midpoint. Overall, Toyo Drilube Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toyo Drilube Co's Gross Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Toyo Drilube Co ranks #393 out of 1566 companies for Gross Margin %. This puts Toyo Drilube Co in the upper half of its industry. The industry median Gross Margin % is 24.00. Toyo Drilube Co's value of 33.88% is 41.2% above this benchmark. Historically, Toyo Drilube Co's own Gross Margin % has ranged from 20.02 to 38.42 over the past decade. While the company's 10-year median is 31.05 vs. the industry median of 24.00, Toyo Drilube 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 Chemicals company?
The median Gross Margin % among Chemicals companies is 24.00, based on 1,566 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. Toyo Drilube Co's current Gross Margin % of 33.88% is 41.2% 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 Toyo Drilube Co and its competitors. For the Chemicals industry, the median Gross Margin % is 24.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyo Drilube Co's current Gross Margin % is 33.88%, which is near median its own 10-year median of 31.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyo Drilube Co stock overvalued right now?
Based on GuruFocus' analysis, Toyo Drilube Co (TSE:4976) is currently considered Fairly Valued. The stock's GF Value™ is 円1,361.63, compared to a current price of 円1,460.00 — trading 7.2% above its estimated fair value. The current Gross Margin % is 33.88%, which is near median its 10-year median of 31.05 and 41.2% above the Chemicals industry median of 24.00. Toyo Drilube Co's overall GF Score™ is 69/100 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 Toyo Drilube Co (TSE:4976), the current Gross Margin % is 33.88% 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 Toyo Drilube Co (TSE:4976) Overvalued in 2026?

Based on GuruFocus' analysis, Toyo Drilube Co stock appears to be overvalued. The current stock price of 円1,460.00 is trading 7.2% above its estimated GF Value™ of 円1,361.63. GuruFocus considers Toyo Drilube Co to be Fairly Valued.

Key valuation signals for TSE:4976:

  • Gross Margin %: 33.88% (near median its 10-year median of 31.05)
  • GF Value™: 円1,361.63 vs. price of 円1,460.00 (7.2% above fair value)
  • GF Score™: 69/100 with 1 warning sign
  • Industry Position: 41.2% above the Chemicals median (#393 of 1566)

No single metric tells the full story. See the TSE:4976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toyo Drilube Co Business Description

Address 1-26-4, Daizawa, Setagaya-ku, Tokyo, JPN, 155-0032
Toyo Drilube Co Ltd Is engaged in the research and development, manufacturing, coating processing, and sales of DrilubeR products.
69GF Score

Get the complete analysis for TSE:4976

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

円1,460.00
Price
円1,361.63
GF Value