Tosho CoTSE:8920 +0.27%88 Gross Margin % is 29.24% as of Mar. 2026, which is 4% above its 10-year median of 28.12. GuruFocus rates TSE:8920 with a GF Score™ of 88/100 and a GF Value™ of 円648.94 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 513 Conglomerates companies, Tosho Co ranks better than 65.11% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Tosho Co's Gross Profit for the
three
months ended in Mar. 2026 was 円1,943 Mil. Tosho Co's Revenue for the
three
months ended in Mar. 2026 was 円6,644 Mil. Therefore, Tosho Co's Gross Margin % for the quarter that ended in Mar. 2026 was 29.24%.
The historical rank and industry rank for Tosho Co's Gross Margin % or its related term are showing as below:
TSE:8920'
s Gross Margin % Range Over the Past 10 Years
Min: 16.33 Med: 28.12 Max: 38.1
Current: 33.34
During the past 13 years, the highestGross Margin % of Tosho Co was 38.10%. The lowest was 16.33%. And the median was 28.12%.
TSE:8920's Gross Margin % is ranked better than 65.11% of 513
companies
in the Conglomerates industry
Industry Median: 25.96
vs TSE:8920: 33.34
Tosho Co had a gross margin of 29.24% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Tosho Co was 9.90% per year.
Tosho Co (TSE:8920) 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
Tosho Co had a gross margin of 29.24% 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.
Tosho Co Gross Margin % Related Terms
Tosho Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Tosho 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.
For the Conglomerates subindustry, Tosho 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.
Tosho Co Gross Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Tosho Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Tosho 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.
Tosho Co (TSE:8920) has a Gross Margin % of 29.24% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Tosho Co and its competitors. This is near median its historical median of 28.12. Over the past decade, Tosho Co's Gross Margin % has ranged from 16.33 to 38.10. According to the industry distribution chart, Tosho Co ranks #179 out of 513 companies in the Conglomerates industry, placing it in the top 34.9%.
Is Tosho Co's Gross Margin % too high?
Tosho Co's current Gross Margin % of 29.24% is near median its 10-year median of 28.12. Over the past 10 years, this metric has ranged from a low of 16.33 to a high of 38.10. The Conglomerates industry median Gross Margin % is 25.96. Tosho Co's value of 29.24% is 12.6% above this industry median. Based on the distribution chart, Tosho Co ranks #179 out of 513 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Tosho Co has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tosho Co's Gross Margin % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Tosho Co ranks #179 out of 513 companies for Gross Margin %. This puts Tosho Co in the upper half of its industry. The industry median Gross Margin % is 25.96. Tosho Co's value of 29.24% is 12.6% above this benchmark. Historically, Tosho Co's own Gross Margin % has ranged from 16.33 to 38.10 over the past decade. While the company's 10-year median is 28.12 vs. the industry median of 25.96, Tosho 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 Conglomerates company?
The median Gross Margin % among Conglomerates companies is 25.96, based on 513 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. Tosho Co's current Gross Margin % of 29.24% is 12.6% 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 Tosho Co and its competitors. For the Conglomerates industry, the median Gross Margin % is 25.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tosho Co's current Gross Margin % is 29.24%, which is near median its own 10-year median of 28.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tosho Co stock overvalued right now?
Based on GuruFocus' analysis, Tosho Co (TSE:8920) is currently considered Modestly Overvalued. The stock's GF Value™ is 円648.94, compared to a current price of 円750.00 — trading 15.6% above its estimated fair value. The current Gross Margin % is 29.24%, which is near median its 10-year median of 28.12 and 12.6% above the Conglomerates industry median of 25.96. Tosho Co's overall GF Score™ is 88/100 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 Tosho Co (TSE:8920), the current Gross Margin % is 29.24% 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 Tosho Co (TSE:8920) Overvalued in 2026?
Based on GuruFocus' analysis, Tosho Co stock appears to be overvalued.
The current stock price of 円750.00 is trading 15.6% above its estimated GF Value™ of 円648.94.
GuruFocus considers Tosho Co to be Modestly Overvalued.
Key valuation signals for TSE:8920:
Gross Margin %: 29.24% (near median its 10-year median of 28.12)
GF Value™: 円648.94 vs. price of 円750.00 (15.6% above fair value)
Industry Position: 12.6% above the Conglomerates median (#179 of 513)
No single metric tells the full story. See the TSE:8920 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tosho Co Ltd is mainly engaged in the operation of sports clubs in Japan. It mainly operates membership sports clubs under the name Holiday Sports Club and golf practice ranges under the name Holiday Golf Garden. The company's business segment includes Sports club business; Hotel business and Real estate business. It generates maximum revenue from the Sports club business segment.
88GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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