Rebase (TSE:5138) Gross Margin %: 96.08% (As of Mar. 2026) — Near Median


TSE:5138 Rebase Inc TSE:5138
71 GF Score
Price 円417.00
GF Value 円1,598.66
Valuation Possible Value Trap
! 5 Warning Signs
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What is Rebase Gross Margin %?

Rebase TSE:5138 +3.73% 71 Gross Margin % is 96.08% as of Mar. 2026, which is 1% below its 10-year median of 97.31. GuruFocus rates TSE:5138 with a GF Score™ of 71/100 and a GF Value™ of 円1,598.66 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 497 Interactive Media companies, Rebase ranks better than 84.1% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Rebase's Gross Profit for the six months ended in Mar. 2026 was 円1,134 Mil. Rebase's Revenue for the six months ended in Mar. 2026 was 円1,180 Mil. Therefore, Rebase's Gross Margin % for the quarter that ended in Mar. 2026 was 96.08%.


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

TSE:5138' s Gross Margin % Range Over the Past 10 Years
Min: 96.12   Med: 97.31   Max: 99.31
Current: 96.16


During the past 6 years, the highest Gross Margin % of Rebase was 99.31%. The lowest was 96.12%. And the median was 97.31%.

TSE:5138's Gross Margin % is ranked better than
84.1% of 497 companies
in the Interactive Media industry
Industry Median: 62.58 vs TSE:5138: 96.16

Rebase had a gross margin of 96.08% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Rebase was -0.60% per year.


Rebase  (TSE:5138) 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

Rebase had a gross margin of 96.08% 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.


Rebase Gross Margin % Related Terms


Rebase Gross Margin % Historical Data

* Premium members only.

The historical data trend for Rebase'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.

Rebase Gross Margin % Chart

Rebase Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial 97.93 97.87 96.12 96.74 96.16

Rebase Semi-Annual Data
Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only 96.43 96.52 96.92 96.25 96.08

TSE:5138 vs GOOGL, META, SPOT: Gross Margin % Comparison

For the Internet Content & Information subindustry, Rebase'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.


Rebase Gross Margin % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Rebase's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Rebase's Gross Margin % falls into.


TSE:5138
71GF Score
Rebase Inc TSE:5138
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Rebase Gross Margin % Calculation

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

Rebase'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 )
=2097.3 / 2181.05
=(Revenue - Cost of Goods Sold) / Revenue
=(2181.05 - 83.78) / 2181.05
=96.16 %

Rebase'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 )
=1133.8 / 1180.067
=(Revenue - Cost of Goods Sold) / Revenue
=(1180.067 - 46.283) / 1180.067
=96.08 %

* 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 96.08% mean?
Rebase (TSE:5138) has a Gross Margin % of 96.08% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Rebase and its competitors. This is near median its historical median of 97.31. Over the past decade, Rebase's Gross Margin % has ranged from 96.12 to 99.31. According to the industry distribution chart, Rebase ranks #79 out of 497 companies in the Interactive Media industry, placing it in the top 15.9%.
Is Rebase's Gross Margin % too high?
Rebase's current Gross Margin % of 96.08% is near median its 10-year median of 97.31. Over the past 10 years, this metric has ranged from a low of 96.12 to a high of 99.31. The Interactive Media industry median Gross Margin % is 62.58. Rebase's value of 96.08% is 53.5% above this industry median. Based on the distribution chart, Rebase ranks #79 out of 497 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Rebase has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Rebase's Gross Margin % compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Rebase ranks #79 out of 497 companies for Gross Margin %. This places Rebase in the top 16% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 62.58. Rebase's value of 96.08% is 53.5% above this benchmark. Historically, Rebase's own Gross Margin % has ranged from 96.12 to 99.31 over the past decade. While the company's 10-year median is 97.31 vs. the industry median of 62.58, Rebase 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 an Interactive Media company?
The median Gross Margin % among Interactive Media companies is 62.58, based on 497 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. Rebase's current Gross Margin % of 96.08% is 53.5% 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 Rebase and its competitors. For the Interactive Media industry, the median Gross Margin % is 62.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rebase's current Gross Margin % is 96.08%, which is near median its own 10-year median of 97.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rebase stock overvalued right now?
Based on GuruFocus' analysis, Rebase (TSE:5138) is currently considered Possible Value Trap. The stock's GF Value™ is 円1,598.66, compared to a current price of 円417.00 — trading 73.9% below its estimated fair value. The current Gross Margin % is 96.08%, which is near median its 10-year median of 97.31 and 53.5% above the Interactive Media industry median of 62.58. Rebase's overall GF Score™ is 71/100 with 5 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 Rebase (TSE:5138), the current Gross Margin % is 96.08% 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 Rebase (TSE:5138) Overvalued in 2026?

Based on GuruFocus' analysis, Rebase stock appears to be undervalued. The current stock price of 円417.00 is trading 73.9% below its estimated GF Value™ of 円1,598.66. GuruFocus considers Rebase to be Possible Value Trap.

Key valuation signals for TSE:5138:

  • Gross Margin %: 96.08% (near median its 10-year median of 97.31)
  • GF Value™: 円1,598.66 vs. price of 円417.00 (73.9% below fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 53.5% above the Interactive Media median (#79 of 497)

No single metric tells the full story. See the TSE:5138 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Rebase Business Description

Address 4-26-18 Jingumae, 5th Floor, Harajuku Piazza Building, Shibuya-ku, Tokyo, JPN, 150-0001
Rebase Inc is engaged in the development and operation of the online marketplace Instabase, a platform for matching open rooms to users who can rent them either on an hourly or daily basis, as well as other related businesses. It is a matching service offering that allows customers to make reservations online from their computer or smartphone. Instabase offers a wide variety of spaces, including conference rooms, telework spaces, old houses, photography studios, and dance studios, depending on the usage scenario. In addition, the space can be used for business purposes such as meetings, business negotiations, seminars, training, and study sessions, as well as yoga and dance lessons, photography, home activities, and more.
71GF Score

Get the complete analysis for TSE:5138

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

円417.00
Price
円1,598.66
GF Value