Airport Facilities Co (TSE:8864) Gross Margin %: 23.46% (As of Mar. 2026) — Near Median


TSE:8864 Airport Facilities Co Ltd TSE:8864
77 GF Score
Price 円948.00
GF Value 円871.31
Valuation Fairly Valued
! 2 Warning Signs
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What is Airport Facilities Co Gross Margin %?

Airport Facilities Co TSE:8864 +1.07% 77 Gross Margin % is 23.46% as of Mar. 2026, which is 4% below its 10-year median of 24.35. GuruFocus rates TSE:8864 with a GF Score™ of 77/100 and a GF Value™ of 円871.31 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,642 Real Estate companies, Airport Facilities Co ranks worse than 67.78% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Airport Facilities Co's Gross Profit for the six months ended in Mar. 2026 was 円4,603 Mil. Airport Facilities Co's Revenue for the six months ended in Mar. 2026 was 円19,622 Mil. Therefore, Airport Facilities Co's Gross Margin % for the quarter that ended in Mar. 2026 was 23.46%.


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

TSE:8864' s Gross Margin % Range Over the Past 10 Years
Min: 18.08   Med: 24.35   Max: 26.02
Current: 25.03


During the past 13 years, the highest Gross Margin % of Airport Facilities Co was 26.02%. The lowest was 18.08%. And the median was 24.35%.

TSE:8864's Gross Margin % is ranked worse than
67.78% of 1642 companies
in the Real Estate industry
Industry Median: 37 vs TSE:8864: 25.03

Airport Facilities Co had a gross margin of 23.46% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Airport Facilities Co was 0.80% per year.


Airport Facilities Co  (TSE:8864) 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

Airport Facilities Co had a gross margin of 23.46% for the quarter that ended in Mar. 2026 => 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.


Airport Facilities Co Gross Margin % Related Terms


Airport Facilities Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Airport Facilities 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.

Airport Facilities Co Gross Margin % Chart

Airport Facilities Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.59 18.08 20.34 21.75 25.03

Airport Facilities Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.20 25.64 18.53 26.82 23.46

TSE:8864 vs CBRE, BEKE, JLL: Gross Margin % Comparison

For the Real Estate Services subindustry, Airport Facilities 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.


Airport Facilities Co Gross Margin % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Airport Facilities Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Airport Facilities Co's Gross Margin % falls into.


TSE:8864
77GF Score
Airport Facilities Co Ltd TSE:8864
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Airport Facilities Co Gross Margin % Calculation

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

Airport Facilities Co'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 )
=9208 / 36792
=(Revenue - Cost of Goods Sold) / Revenue
=(36792 - 27584) / 36792
=25.03 %

Airport Facilities Co'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 )
=4603 / 19622
=(Revenue - Cost of Goods Sold) / Revenue
=(19622 - 15019) / 19622
=23.46 %

* 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 23.46% mean?
Airport Facilities Co (TSE:8864) has a Gross Margin % of 23.46% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Airport Facilities Co and its competitors. This is near median its historical median of 24.35. Over the past decade, Airport Facilities Co's Gross Margin % has ranged from 18.08 to 26.02. According to the industry distribution chart, Airport Facilities Co ranks #1113 out of 1642 companies in the Real Estate industry, placing it in the top 67.8%.
Is Airport Facilities Co's Gross Margin % too high?
Airport Facilities Co's current Gross Margin % of 23.46% is near median its 10-year median of 24.35. Over the past 10 years, this metric has ranged from a low of 18.08 to a high of 26.02. The Real Estate industry median Gross Margin % is 37.00. Airport Facilities Co's value of 23.46% is 36.6% below this industry median. Based on the distribution chart, Airport Facilities Co ranks #1113 out of 1642 companies in the Real Estate industry, which is below the industry midpoint. Overall, Airport Facilities Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Airport Facilities Co's Gross Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Airport Facilities Co ranks #1113 out of 1642 companies for Gross Margin %. This places Airport Facilities Co in the lower half of its industry. The industry median Gross Margin % is 37.00. Airport Facilities Co's value of 23.46% is 36.6% below this benchmark. Historically, Airport Facilities Co's own Gross Margin % has ranged from 18.08 to 26.02 over the past decade. While the company's 10-year median is 24.35 vs. the industry median of 37.00, Airport Facilities Co 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 Real Estate company?
The median Gross Margin % among Real Estate companies is 37.00, based on 1,642 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. Airport Facilities Co's current Gross Margin % of 23.46% is 36.6% 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 Airport Facilities Co and its competitors. For the Real Estate industry, the median Gross Margin % is 37.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airport Facilities Co's current Gross Margin % is 23.46%, which is near median its own 10-year median of 24.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airport Facilities Co stock overvalued right now?
Based on GuruFocus' analysis, Airport Facilities Co (TSE:8864) is currently considered Fairly Valued. The stock's GF Value™ is 円871.31, compared to a current price of 円948.00 — trading 8.8% above its estimated fair value. The current Gross Margin % is 23.46%, which is near median its 10-year median of 24.35 and 36.6% below the Real Estate industry median of 37.00. Airport Facilities Co's overall GF Score™ is 77/100 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 Airport Facilities Co (TSE:8864), the current Gross Margin % is 23.46% 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 Airport Facilities Co (TSE:8864) Overvalued in 2026?

Based on GuruFocus' analysis, Airport Facilities Co stock appears to be overvalued. The current stock price of 円948.00 is trading 8.8% above its estimated GF Value™ of 円871.31. GuruFocus considers Airport Facilities Co to be Fairly Valued.

Key valuation signals for TSE:8864:

  • Gross Margin %: 23.46% (near median its 10-year median of 24.35)
  • GF Value™: 円871.31 vs. price of 円948.00 (8.8% above fair value)
  • GF Score™: 77/100 with 2 warning signs
  • Industry Position: 36.6% below the Real Estate median (#1113 of 1642)

No single metric tells the full story. See the TSE:8864 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Airport Facilities Co Business Description

Address 1-6-5 Haneda Airport, Ota-ku, 6-7F, Sogo Building No. 5, Tokyo, JPN, 144-0041
Airport Facilities Co Ltd is engaged in real estate leasing, heat supply business, and water supply and drainage management businesses. The company generates the majority of its revenue from the Real Estate business.
77GF Score

Get the complete analysis for TSE:8864

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

円948.00
Price
円871.31
GF Value