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Neturen CoTSE:5976 +0.76%71 Gross Margin % is 19.53% as of Mar. 2026, which is 2% below its 10-year median of 19.92. GuruFocus rates TSE:5976 with a GF Score™ of 71/100 and a GF Value™ of 円1,188.37 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 593 Steel companies, Neturen Co ranks better than 69.14% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Neturen Co's Gross Profit for the
three
months ended in Mar. 2026 was 円3,339 Mil. Neturen Co's Revenue for the
three
months ended in Mar. 2026 was 円17,098 Mil. Therefore, Neturen Co's Gross Margin % for the quarter that ended in Mar. 2026 was 19.53%.
Warning Sign:
Neturen Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.4%.
The historical rank and industry rank for Neturen Co's Gross Margin % or its related term are showing as below:
TSE:5976'
s Gross Margin % Range Over the Past 10 Years
Min: 17.22 Med: 19.92 Max: 23.62
Current: 19.23
During the past 13 years, the highestGross Margin % of Neturen Co was 23.62%. The lowest was 17.22%. And the median was 19.92%.
TSE:5976's Gross Margin % is ranked better than 69.14% of 593
companies
in the Steel industry
Industry Median: 12.6
vs TSE:5976: 19.23
Neturen Co had a gross margin of 19.53% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Neturen Co was -1.40% per year.
Neturen Co (TSE:5976) 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
Neturen Co had a gross margin of 19.53% for the quarter that ended in Mar. 2026 => No sustainable 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.
Neturen Co Gross Margin % Related Terms
Neturen Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Neturen 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.
TSE:5976 vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, Neturen 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.
Neturen Co Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Neturen Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Neturen Co'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.
Neturen Co (TSE:5976) has a Gross Margin % of 19.53% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Neturen Co and its competitors. This is near median its historical median of 19.92. Over the past decade, Neturen Co's Gross Margin % has ranged from 17.22 to 23.62. According to the industry distribution chart, Neturen Co ranks #183 out of 593 companies in the Steel industry, placing it in the top 30.9%.
Is Neturen Co's Gross Margin % too high?
Neturen Co's current Gross Margin % of 19.53% is near median its 10-year median of 19.92. Over the past 10 years, this metric has ranged from a low of 17.22 to a high of 23.62. The Steel industry median Gross Margin % is 12.60. Neturen Co's value of 19.53% is 55% above this industry median. Based on the distribution chart, Neturen Co ranks #183 out of 593 companies in the Steel industry, which is above the industry midpoint. Overall, Neturen Co has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Neturen Co's Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Neturen Co ranks #183 out of 593 companies for Gross Margin %. This puts Neturen Co in the upper half of its industry. The industry median Gross Margin % is 12.60. Neturen Co's value of 19.53% is 55% above this benchmark. Historically, Neturen Co's own Gross Margin % has ranged from 17.22 to 23.62 over the past decade. While the company's 10-year median is 19.92 vs. the industry median of 12.60, Neturen 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 Steel company?
The median Gross Margin % among Steel companies is 12.60, based on 593 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. Neturen Co's current Gross Margin % of 19.53% is 55% 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 Neturen Co and its competitors. For the Steel industry, the median Gross Margin % is 12.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neturen Co's current Gross Margin % is 19.53%, which is near median its own 10-year median of 19.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neturen Co stock overvalued right now?
Based on GuruFocus' analysis, Neturen Co (TSE:5976) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,188.37, compared to a current price of 円1,333.00 — trading 12.2% above its estimated fair value. The current Gross Margin % is 19.53%, which is near median its 10-year median of 19.92 and 55% above the Steel industry median of 12.60. Neturen Co's overall GF Score™ is 71/100 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 Neturen Co (TSE:5976), the current Gross Margin % is 19.53% 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 Neturen Co (TSE:5976) Overvalued in 2026?
Based on GuruFocus' analysis, Neturen Co stock appears to be overvalued.
The current stock price of 円1,333.00 is trading 12.2% above its estimated GF Value™ of 円1,188.37.
GuruFocus considers Neturen Co to be Modestly Overvalued.
Key valuation signals for TSE:5976:
Gross Margin %: 19.53% (near median its 10-year median of 19.92)
GF Value™: 円1,188.37 vs. price of 円1,333.00 (12.2% above fair value)
Industry Position: 55% above the Steel median (#183 of 593)
No single metric tells the full story. See the TSE:5976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neturen Co Ltd is a steel and steel products manufacturing company. It manufactures and sells prestressing and deformed steel bars for prestressed concrete used in civil engineering and construction field; Induction Heated, Quenched and Tempered Wire used in suspension springs for auto parts and construction machine parts; and induction heating equipment for various industries. The company's segments consist of Specialty Steel and Wire Products Division and Induction Heat Treatment Service and Heating Machine Division. The majority of the revenue is derived from the manufacturing and sale of prestressing steel bars and shear reinforcement bars.
71GF Score
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