Hankyu Hanshin REIT (TSE:8977) Gross Margin %: 52.16% (As of Nov. 2025) — Near Median


TSE:8977 Hankyu Hanshin REIT Inc TSE:8977
58 GF Score
Price 円139,900.00
GF Value 円161,504.99
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Hankyu Hanshin REIT Gross Margin %?

Hankyu Hanshin REIT TSE:8977 +1.16% 58 Gross Margin % is 52.16% as of Nov. 2025, which is 1% above its 10-year median of 51.76. GuruFocus rates TSE:8977 with a GF Score™ of 58/100 and a GF Value™ of 円161,504.99 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 680 REITs companies, Hankyu Hanshin REIT ranks worse than 80.88% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Hankyu Hanshin REIT's Gross Profit for the six months ended in Nov. 2025 was 円3,393 Mil. Hankyu Hanshin REIT's Revenue for the six months ended in Nov. 2025 was 円6,504 Mil. Therefore, Hankyu Hanshin REIT's Gross Margin % for the quarter that ended in Nov. 2025 was 52.16%.


The historical rank and industry rank for Hankyu Hanshin REIT's Gross Margin % or its related term are showing as below:

TSE:8977' s Gross Margin % Range Over the Past 10 Years
Min: 48.24   Med: 51.76   Max: 53.11
Current: 53.1


During the past 13 years, the highest Gross Margin % of Hankyu Hanshin REIT was 53.11%. The lowest was 48.24%. And the median was 51.76%.

TSE:8977's Gross Margin % is ranked worse than
80.88% of 680 companies
in the REITs industry
Industry Median: 69.61 vs TSE:8977: 53.10

Hankyu Hanshin REIT had a gross margin of 52.16% for the quarter that ended in Nov. 2025 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Hankyu Hanshin REIT was 0.40% per year.


Hankyu Hanshin REIT  (TSE:8977) 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

Hankyu Hanshin REIT had a gross margin of 52.16% for the quarter that ended in Nov. 2025 => 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.


Hankyu Hanshin REIT Gross Margin % Related Terms


Hankyu Hanshin REIT Gross Margin % Historical Data

* Premium members only.

The historical data trend for Hankyu Hanshin REIT'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.

Hankyu Hanshin REIT Gross Margin % Chart

Hankyu Hanshin REIT Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.07 52.39 51.17 50.80 53.10

Hankyu Hanshin REIT Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 51.00 50.74 50.87 54.05 52.16

TSE:8977 vs VICI, WPC: Gross Margin % Comparison

For the REIT - Diversified subindustry, Hankyu Hanshin REIT'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.


Hankyu Hanshin REIT Gross Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Hankyu Hanshin REIT's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Hankyu Hanshin REIT's Gross Margin % falls into.


TSE:8977
58GF Score
Hankyu Hanshin REIT Inc TSE:8977
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Hankyu Hanshin REIT Gross Margin % Calculation

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

Hankyu Hanshin REIT's Gross Margin for the fiscal year that ended in Nov. 2025 is calculated as

Gross Margin % (A: Nov. 2025 )=Gross Profit (A: Nov. 2025 ) / Revenue (A: Nov. 2025 )
=6861.6 / 12922.106
=(Revenue - Cost of Goods Sold) / Revenue
=(12922.106 - 6060.538) / 12922.106
=53.10 %

Hankyu Hanshin REIT's Gross Margin for the quarter that ended in Nov. 2025 is calculated as


Gross Margin % (Q: Nov. 2025 )=Gross Profit (Q: Nov. 2025 ) / Revenue (Q: Nov. 2025 )
=3392.8 / 6504.153
=(Revenue - Cost of Goods Sold) / Revenue
=(6504.153 - 3111.32) / 6504.153
=52.16 %

* 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 52.16% mean?
Hankyu Hanshin REIT (TSE:8977) has a Gross Margin % of 52.16% as of Nov. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Hankyu Hanshin REIT and its competitors. This is near median its historical median of 51.76. Over the past decade, Hankyu Hanshin REIT's Gross Margin % has ranged from 48.24 to 53.11. According to the industry distribution chart, Hankyu Hanshin REIT ranks #550 out of 680 companies in the REITs industry, placing it in the top 80.9%.
Is Hankyu Hanshin REIT's Gross Margin % too high?
Hankyu Hanshin REIT's current Gross Margin % of 52.16% is near median its 10-year median of 51.76. Over the past 10 years, this metric has ranged from a low of 48.24 to a high of 53.11. The REITs industry median Gross Margin % is 69.61. Hankyu Hanshin REIT's value of 52.16% is 25.1% below this industry median. Based on the distribution chart, Hankyu Hanshin REIT ranks #550 out of 680 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Hankyu Hanshin REIT has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hankyu Hanshin REIT's Gross Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Hankyu Hanshin REIT ranks #550 out of 680 companies for Gross Margin %. This places Hankyu Hanshin REIT in the lower half of its industry. The industry median Gross Margin % is 69.61. Hankyu Hanshin REIT's value of 52.16% is 25.1% below this benchmark. Historically, Hankyu Hanshin REIT's own Gross Margin % has ranged from 48.24 to 53.11 over the past decade. While the company's 10-year median is 51.76 vs. the industry median of 69.61, Hankyu Hanshin REIT 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 REITs company?
The median Gross Margin % among REITs companies is 69.61, based on 680 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. Hankyu Hanshin REIT's current Gross Margin % of 52.16% is 25.1% 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 Hankyu Hanshin REIT and its competitors. For the REITs industry, the median Gross Margin % is 69.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hankyu Hanshin REIT's current Gross Margin % is 52.16%, which is near median its own 10-year median of 51.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hankyu Hanshin REIT stock overvalued right now?
Based on GuruFocus' analysis, Hankyu Hanshin REIT (TSE:8977) is currently considered Modestly Undervalued. The stock's GF Value™ is 円161,504.99, compared to a current price of 円139,900.00 — trading 13.4% below its estimated fair value. The current Gross Margin % is 52.16%, which is near median its 10-year median of 51.76 and 25.1% below the REITs industry median of 69.61. Hankyu Hanshin REIT's overall GF Score™ is 58/100 with 4 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 Hankyu Hanshin REIT (TSE:8977), the current Gross Margin % is 52.16% 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 Hankyu Hanshin REIT (TSE:8977) Overvalued in 2026?

Based on GuruFocus' analysis, Hankyu Hanshin REIT stock appears to be undervalued. The current stock price of 円139,900.00 is trading 13.4% below its estimated GF Value™ of 円161,504.99. GuruFocus considers Hankyu Hanshin REIT to be Modestly Undervalued.

Key valuation signals for TSE:8977:

  • Gross Margin %: 52.16% (near median its 10-year median of 51.76)
  • GF Value™: 円161,504.99 vs. price of 円139,900.00 (13.4% below fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 25.1% below the REITs median (#550 of 680)

No single metric tells the full story. See the TSE:8977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hankyu Hanshin REIT Business Description

Industry Real EstateREITs
Address 19-19, Chayamachi, Applause Tower, 19th floor, Osaka, JPN, 530-0013
Hankyu Hanshin REIT Inc is a real estate investment trust. The firm manages funds contributed by unitholders by investing them mainly in real estate and real estate backed securities. Its portfolio comprises retail facilities, Office use facilities and Complex facilities. The firm holds the majority of its investments in Kansai region.
58GF Score

Get the complete analysis for TSE:8977

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

円139,900.00
Price
円161,504.99
GF Value