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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
Starts Proceed Investment had a gross margin of 56.45% for the quarter that ended in Oct. 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.
Starts Proceed Investment Gross Margin % Related Terms
Starts Proceed Investment Gross Margin % Historical Data
* 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:8979 vs AVB, EQR, ESS: Gross Margin % Comparison
For the REIT - Residential subindustry, Starts Proceed Investment'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.
Starts Proceed Investment Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Starts Proceed Investment's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Starts Proceed Investment'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.
Starts Proceed Investment (TSE:8979) has a Gross Margin % of 56.45% as of Oct. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Starts Proceed Investment and its competitors. This is near median its historical median of 57.24. Over the past decade, Starts Proceed Investment's Gross Margin % has ranged from 54.08 to 61.28. According to the industry distribution chart, Starts Proceed Investment ranks #520 out of 680 companies in the REITs industry, placing it in the top 76.5%.
Is Starts Proceed Investment's Gross Margin % too high?
Starts Proceed Investment's current Gross Margin % of 56.45% is near median its 10-year median of 57.24. Over the past 10 years, this metric has ranged from a low of 54.08 to a high of 61.28. The REITs industry median Gross Margin % is 69.96. Starts Proceed Investment's value of 56.45% is 19.3% below this industry median. Based on the distribution chart, Starts Proceed Investment ranks #520 out of 680 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Starts Proceed Investment has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Starts Proceed Investment's Gross Margin % compare to AVB and EQR?
According to the REITs industry distribution chart, Starts Proceed Investment ranks #520 out of 680 companies for Gross Margin %. This places Starts Proceed Investment in the lower half of its industry. The industry median Gross Margin % is 69.96. Starts Proceed Investment's value of 56.45% is 19.3% below this benchmark. Historically, Starts Proceed Investment's own Gross Margin % has ranged from 54.08 to 61.28 over the past decade. While the company's 10-year median is 57.24 vs. the industry median of 69.96, Starts Proceed Investment 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 69.96, 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. Starts Proceed Investment's current Gross Margin % of 56.45% is 19.3% 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 Starts Proceed Investment and its competitors. For the REITs industry, the median Gross Margin % is 69.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starts Proceed Investment's current Gross Margin % is 56.45%, which is near median its own 10-year median of 57.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starts Proceed Investment stock overvalued right now?
Based on GuruFocus' analysis, Starts Proceed Investment (TSE:8979) is currently considered Modestly Undervalued. The stock's GF Value™ is 円211,918.35, compared to a current price of 円187,100.00 — trading 11.7% below its estimated fair value. The current Gross Margin % is 56.45%, which is near median its 10-year median of 57.24 and 19.3% below the REITs industry median of 69.96. Starts Proceed Investment's overall GF Score™ is 64/100 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 Starts Proceed Investment (TSE:8979), the current Gross Margin % is 56.45% as of Oct. 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 Starts Proceed Investment (TSE:8979) Overvalued in 2026?
Based on GuruFocus' analysis, Starts Proceed Investment stock appears to be undervalued.
The current stock price of 円187,100.00 is trading 11.7% below its estimated GF Value™ of 円211,918.35.
GuruFocus considers Starts Proceed Investment to be Modestly Undervalued.
Key valuation signals for TSE:8979:
Gross Margin %: 56.45% (near median its 10-year median of 57.24)
GF Value™: 円211,918.35 vs. price of 円187,100.00 (11.7% below fair value)
Industry Position: 19.3% below the REITs median (#520 of 680)
No single metric tells the full story. See the TSE:8979 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Starts Proceed Investment Corp operates as a REIT in Japan. The Company invests in lease real estate properties, short-term leasing apartments, and special feature business hotel.
64GF 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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