NulabTSE:5033 -2.37%86 Gross Margin % is 72.59% as of Mar. 2026, which is 13% above its 10-year median of 64.06. GuruFocus rates TSE:5033 with a GF Score™ of 86/100 and a GF Value™ of 円1,078.04 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,681 Software companies, Nulab ranks better than 83.59% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Nulab's Gross Profit for the
six
months ended in Mar. 2026 was 円1,626 Mil. Nulab's Revenue for the
six
months ended in Mar. 2026 was 円2,240 Mil. Therefore, Nulab's Gross Margin % for the quarter that ended in Mar. 2026 was 72.59%.
The historical rank and industry rank for Nulab's Gross Margin % or its related term are showing as below:
TSE:5033'
s Gross Margin % Range Over the Past 10 Years
Min: 49.45 Med: 64.06 Max: 73.81
Current: 73.81
During the past 7 years, the highestGross Margin % of Nulab was 73.81%. The lowest was 49.45%. And the median was 64.06%.
TSE:5033's Gross Margin % is ranked better than 83.59% of 2681
companies
in the Software industry
Industry Median: 40.41
vs TSE:5033: 73.81
Nulab had a gross margin of 72.59% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Nulab was 5.80% per year.
Nulab (TSE:5033) 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
Nulab had a gross margin of 72.59% 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.
Nulab Gross Margin % Related Terms
Nulab Gross Margin % Historical Data
* Premium members only.
The historical data trend for Nulab'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:5033 vs UBER, SHOP, CRM: Gross Margin % Comparison
For the Software - Application subindustry, Nulab'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.
Nulab Gross Margin % vs Software Industry
For the Software industry and Technology sector, Nulab's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Nulab'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.
Nulab (TSE:5033) has a Gross Margin % of 72.59% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Nulab and its competitors. This is 13% above median its historical median of 64.06. Over the past decade, Nulab's Gross Margin % has ranged from 49.45 to 73.81. According to the industry distribution chart, Nulab ranks #440 out of 2681 companies in the Software industry, placing it in the top 16.4%.
Is Nulab's Gross Margin % too high?
Nulab's current Gross Margin % of 72.59% is 13% above median its 10-year median of 64.06. Over the past 10 years, this metric has ranged from a low of 49.45 to a high of 73.81. The Software industry median Gross Margin % is 40.41. Nulab's value of 72.59% is 79.6% above this industry median. Based on the distribution chart, Nulab ranks #440 out of 2681 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Nulab has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nulab's Gross Margin % compare to UBER and SHOP?
According to the Software industry distribution chart, Nulab ranks #440 out of 2681 companies for Gross Margin %. This places Nulab in the top 16% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 40.41. Nulab's value of 72.59% is 79.6% above this benchmark. Historically, Nulab's own Gross Margin % has ranged from 49.45 to 73.81 over the past decade. While the company's 10-year median is 64.06 vs. the industry median of 40.41, Nulab 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. Nulab's current Gross Margin % of 72.59% is 79.6% 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 Nulab 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. Nulab's current Gross Margin % is 72.59%, which is 13% above median its own 10-year median of 64.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nulab stock overvalued right now?
Based on GuruFocus' analysis, Nulab (TSE:5033) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,078.04, compared to a current price of 円913.00 — trading 15.3% below its estimated fair value. The current Gross Margin % is 72.59%, which is 13% above median its 10-year median of 64.06 and 79.6% above the Software industry median of 40.41. Nulab's overall GF Score™ is 86/100 with 6 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 Nulab (TSE:5033), the current Gross Margin % is 72.59% 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 Nulab (TSE:5033) Overvalued in 2026?
Based on GuruFocus' analysis, Nulab stock appears to be undervalued.
The current stock price of 円913.00 is trading 15.3% below its estimated GF Value™ of 円1,078.04.
GuruFocus considers Nulab to be Modestly Undervalued.
Key valuation signals for TSE:5033:
Gross Margin %: 72.59% (13% above median its 10-year median of 64.06)
GF Value™: 円1,078.04 vs. price of 円913.00 (15.3% below fair value)
Industry Position: 79.6% above the Software median (#440 of 2681)
No single metric tells the full story. See the TSE:5033 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nulab Inc is engaged in developing and providing services that promote team collaboration. Its services are Backlog which is a Project management tool; Cacoo is a Visual collaboration tool; Typetalk is a Business chat tool; and Nulab Pass is a tool to strengthen information security and governance in organizations.
86GF Score
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