IcecoTSE:7698 65 Gross Margin % is 17.18% as of Mar. 2026, which is 3% below its 10-year median of 17.72. GuruFocus rates TSE:7698 with a GF Score™ of 65/100 and a GF Value™ of 円1,874.64 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 303 Retail - Defensive companies, Iceco ranks worse than 70.63% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Iceco's Gross Profit for the
six
months ended in Mar. 2026 was 円4,628 Mil. Iceco's Revenue for the
six
months ended in Mar. 2026 was 円26,939 Mil. Therefore, Iceco's Gross Margin % for the quarter that ended in Mar. 2026 was 17.18%.
Warning Sign:
Iceco Inc gross margin has been in long-term decline. The average rate of decline per year is -1.1%.
The historical rank and industry rank for Iceco's Gross Margin % or its related term are showing as below:
TSE:7698'
s Gross Margin % Range Over the Past 10 Years
Min: 17.14 Med: 17.72 Max: 18.63
Current: 17.31
During the past 8 years, the highestGross Margin % of Iceco was 18.63%. The lowest was 17.14%. And the median was 17.72%.
TSE:7698's Gross Margin % is ranked worse than 70.63% of 303
companies
in the Retail - Defensive industry
Industry Median: 24.08
vs TSE:7698: 17.31
Iceco had a gross margin of 17.18% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Iceco was -1.10% per year.
Iceco (TSE:7698) 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
Iceco had a gross margin of 17.18% 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.
Iceco Gross Margin % Related Terms
Iceco Gross Margin % Historical Data
* Premium members only.
The historical data trend for Iceco'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:7698 vs SYY, USFD, PFGC: Gross Margin % Comparison
For the Food Distribution subindustry, Iceco'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.
Iceco Gross Margin % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Iceco's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Iceco'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.
Iceco (TSE:7698) has a Gross Margin % of 17.18% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Iceco and its competitors. This is near median its historical median of 17.72. Over the past decade, Iceco's Gross Margin % has ranged from 17.14 to 18.63. According to the industry distribution chart, Iceco ranks #214 out of 303 companies in the Retail - Defensive industry, placing it in the top 70.6%.
Is Iceco's Gross Margin % too high?
Iceco's current Gross Margin % of 17.18% is near median its 10-year median of 17.72. Over the past 10 years, this metric has ranged from a low of 17.14 to a high of 18.63. The Retail - Defensive industry median Gross Margin % is 24.08. Iceco's value of 17.18% is 28.7% below this industry median. Based on the distribution chart, Iceco ranks #214 out of 303 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Iceco has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Iceco's Gross Margin % compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Iceco ranks #214 out of 303 companies for Gross Margin %. This places Iceco in the lower half of its industry. The industry median Gross Margin % is 24.08. Iceco's value of 17.18% is 28.7% below this benchmark. Historically, Iceco's own Gross Margin % has ranged from 17.14 to 18.63 over the past decade. While the company's 10-year median is 17.72 vs. the industry median of 24.08, Iceco 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 a Retail - Defensive company?
The median Gross Margin % among Retail - Defensive companies is 24.08, based on 303 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. Iceco's current Gross Margin % of 17.18% is 28.7% 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 Iceco and its competitors. For the Retail - Defensive industry, the median Gross Margin % is 24.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iceco's current Gross Margin % is 17.18%, which is near median its own 10-year median of 17.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iceco stock overvalued right now?
Based on GuruFocus' analysis, Iceco (TSE:7698) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,874.64, compared to a current price of 円2,499.00 — trading 33.3% above its estimated fair value. The current Gross Margin % is 17.18%, which is near median its 10-year median of 17.72 and 28.7% below the Retail - Defensive industry median of 24.08. Iceco's overall GF Score™ is 65/100 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 Iceco (TSE:7698), the current Gross Margin % is 17.18% 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 Iceco (TSE:7698) Overvalued in 2026?
Based on GuruFocus' analysis, Iceco stock appears to be overvalued.
The current stock price of 円2,499.00 is trading 33.3% above its estimated GF Value™ of 円1,874.64.
GuruFocus considers Iceco to be Significantly Overvalued.
Key valuation signals for TSE:7698:
Gross Margin %: 17.18% (near median its 10-year median of 17.72)
GF Value™: 円1,874.64 vs. price of 円2,499.00 (33.3% above fair value)
Industry Position: 28.7% below the Retail - Defensive median (#214 of 303)
No single metric tells the full story. See the TSE:7698 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Iceco Inc is principally involved in the wholesale of frozen foods and ice cream. The company is also engaged in the supermarket business, which operates a food supermarket. The company generates the majority of its revenue from the Frozen food business.
65GF Score
Get the complete analysis for TSE:7698
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