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.
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.
FP PartnerTSE:7388 -1.91%88 Gross Margin % is 33.33% as of Nov. 2025, which is 1% below its 10-year median of 33.68. GuruFocus rates TSE:7388 with a GF Score™ of 88/100 and a GF Value™ of 円2,965.73 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 62 Insurance companies, FP Partner ranks worse than 61.29% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. FP Partner's Gross Profit for the
three
months ended in Nov. 2025 was 円2,582 Mil. FP Partner's Revenue for the
three
months ended in Nov. 2025 was 円7,746 Mil. Therefore, FP Partner's Gross Margin % for the quarter that ended in Nov. 2025 was 33.33%.
The historical rank and industry rank for FP Partner's Gross Margin % or its related term are showing as below:
TSE:7388'
s Gross Margin % Range Over the Past 10 Years
Min: 25.46 Med: 33.68 Max: 38.14
Current: 33.01
During the past 6 years, the highestGross Margin % of FP Partner was 38.14%. The lowest was 25.46%. And the median was 33.68%.
TSE:7388's Gross Margin % is ranked worse than 61.29% of 62
companies
in the Insurance industry
Industry Median: 44.725
vs TSE:7388: 33.01
FP Partner had a gross margin of 33.33% for the quarter that ended in Nov. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for FP Partner was 5.50% per year.
FP Partner (TSE:7388) 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
FP Partner had a gross margin of 33.33% for the quarter that ended in Nov. 2025 => 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.
FP Partner Gross Margin % Related Terms
FP Partner Gross Margin % Historical Data
* Premium members only.
The historical data trend for FP Partner'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:7388 vs MRSH, AON, AJG: Gross Margin % Comparison
For the Insurance Brokers subindustry, FP Partner'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.
FP Partner Gross Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, FP Partner's Gross Margin % distribution charts can be found below:
* The bar in red indicates where FP Partner'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.
FP Partner (TSE:7388) has a Gross Margin % of 33.33% as of Nov. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on FP Partner and its competitors. This is near median its historical median of 33.68. Over the past decade, FP Partner's Gross Margin % has ranged from 25.46 to 38.14. According to the industry distribution chart, FP Partner ranks #38 out of 62 companies in the Insurance industry, placing it in the top 61.3%.
Is FP Partner's Gross Margin % too high?
FP Partner's current Gross Margin % of 33.33% is near median its 10-year median of 33.68. Over the past 10 years, this metric has ranged from a low of 25.46 to a high of 38.14. The Insurance industry median Gross Margin % is 44.73. FP Partner's value of 33.33% is 25.5% below this industry median. Based on the distribution chart, FP Partner ranks #38 out of 62 companies in the Insurance industry, which is below the industry midpoint. Overall, FP Partner has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FP Partner's Gross Margin % compare to MRSH and AON?
According to the Insurance industry distribution chart, FP Partner ranks #38 out of 62 companies for Gross Margin %. This places FP Partner in the lower half of its industry. The industry median Gross Margin % is 44.73. FP Partner's value of 33.33% is 25.5% below this benchmark. Historically, FP Partner's own Gross Margin % has ranged from 25.46 to 38.14 over the past decade. While the company's 10-year median is 33.68 vs. the industry median of 44.73, FP Partner has consistently been below 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 Insurance company?
The median Gross Margin % among Insurance companies is 44.73, based on 62 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. FP Partner's current Gross Margin % of 33.33% is 25.5% below 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 FP Partner and its competitors. For the Insurance industry, the median Gross Margin % is 44.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FP Partner's current Gross Margin % is 33.33%, which is near median its own 10-year median of 33.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FP Partner stock overvalued right now?
Based on GuruFocus' analysis, FP Partner (TSE:7388) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,965.73, compared to a current price of 円2,207.00 — trading 25.6% below its estimated fair value. The current Gross Margin % is 33.33%, which is near median its 10-year median of 33.68 and 25.5% below the Insurance industry median of 44.73. FP Partner's overall GF Score™ is 88/100 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 FP Partner (TSE:7388), the current Gross Margin % is 33.33% as of Nov. 2025. 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 FP Partner (TSE:7388) Overvalued in 2026?
Based on GuruFocus' analysis, FP Partner stock appears to be undervalued.
The current stock price of 円2,207.00 is trading 25.6% below its estimated GF Value™ of 円2,965.73.
GuruFocus considers FP Partner to be Modestly Undervalued.
Key valuation signals for TSE:7388:
Gross Margin %: 33.33% (near median its 10-year median of 33.68)
GF Value™: 円2,965.73 vs. price of 円2,207.00 (25.6% below fair value)
Industry Position: 25.5% below the Insurance median (#38 of 62)
No single metric tells the full story. See the TSE:7388 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FP Partner Inc is engaged in the Insurance agency business. It offers insurance for individuals and corporations, Financial instruments intermediary service and for housing loan agency business.
88GF Score
Get the complete analysis for TSE:7388
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:7388 has been successfully added to your 
