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TRaaS On ProductTSE:6696 -0.94%45 Gross Margin % is 45.36% as of Jan. 2026, which is 3% above its 10-year median of 43.90. GuruFocus rates TSE:6696 with a GF Score™ of 45/100 and a GF Value™ of 円469.89 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,457 Hardware companies, TRaaS On Product ranks better than 80.42% on this metric.
TRaaS On Product (TSE:6696) 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
TRaaS On Product had a gross margin of 45.36% for the quarter that ended in Jan. 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.
TRaaS On Product Gross Margin % Related Terms
TRaaS On Product Gross Margin % Historical Data
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The historical data trend for TRaaS On Product'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:6696 vs CSCO, MSI, LITE: Gross Margin % Comparison
For the Communication Equipment subindustry, TRaaS On Product'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.
TRaaS On Product Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, TRaaS On Product's Gross Margin % distribution charts can be found below:
* The bar in red indicates where TRaaS On Product'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.
TRaaS On Product (TSE:6696) has a Gross Margin % of 45.36% as of Jan. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on TRaaS On Product and its competitors. This is near median its historical median of 43.90. Over the past decade, TRaaS On Product's Gross Margin % has ranged from 20.07 to 58.53. According to the industry distribution chart, TRaaS On Product ranks #481 out of 2457 companies in the Hardware industry, placing it in the top 19.6%.
Is TRaaS On Product's Gross Margin % too high?
TRaaS On Product's current Gross Margin % of 45.36% is near median its 10-year median of 43.90. Over the past 10 years, this metric has ranged from a low of 20.07 to a high of 58.53. The Hardware industry median Gross Margin % is 24.67. TRaaS On Product's value of 45.36% is 83.9% above this industry median. Based on the distribution chart, TRaaS On Product ranks #481 out of 2457 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, TRaaS On Product has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TRaaS On Product's Gross Margin % compare to CSCO and MSI?
According to the Hardware industry distribution chart, TRaaS On Product ranks #481 out of 2457 companies for Gross Margin %. This places TRaaS On Product in the top 20% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 24.67. TRaaS On Product's value of 45.36% is 83.9% above this benchmark. Historically, TRaaS On Product's own Gross Margin % has ranged from 20.07 to 58.53 over the past decade. While the company's 10-year median is 43.90 vs. the industry median of 24.67, TRaaS On Product 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 Hardware company?
The median Gross Margin % among Hardware companies is 24.67, based on 2,457 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. TRaaS On Product's current Gross Margin % of 45.36% is 83.9% 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 TRaaS On Product and its competitors. For the Hardware industry, the median Gross Margin % is 24.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TRaaS On Product's current Gross Margin % is 45.36%, which is near median its own 10-year median of 43.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TRaaS On Product stock overvalued right now?
Based on GuruFocus' analysis, TRaaS On Product (TSE:6696) is currently considered Possible Value Trap. The stock's GF Value™ is 円469.89, compared to a current price of 円315.00 — trading 33% below its estimated fair value. The current Gross Margin % is 45.36%, which is near median its 10-year median of 43.90 and 83.9% above the Hardware industry median of 24.67. TRaaS On Product's overall GF Score™ is 45/100 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 TRaaS On Product (TSE:6696), the current Gross Margin % is 45.36% as of Jan. 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 TRaaS On Product (TSE:6696) Overvalued in 2026?
Based on GuruFocus' analysis, TRaaS On Product stock appears to be undervalued.
The current stock price of 円315.00 is trading 33% below its estimated GF Value™ of 円469.89.
GuruFocus considers TRaaS On Product to be Possible Value Trap.
Key valuation signals for TSE:6696:
Gross Margin %: 45.36% (near median its 10-year median of 43.90)
GF Value™: 円469.89 vs. price of 円315.00 (33% below fair value)
Industry Position: 83.9% above the Hardware median (#481 of 2457)
No single metric tells the full story. See the TSE:6696 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TRaaS On Product Inc is engaged in telecommunications, followed by the IT revolution, and manufacturing in which the subject of value shifted to something different.
45GF Score
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