ASNOVA CoTSE:9223 +1.01%30 Gross Margin % is 31.16% as of Mar. 2026, which is 14% above its 10-year median of 27.28. GuruFocus rates TSE:9223 with a GF Score™ of 30/100. The stock has 7 warning signs investors should review. Among 1,005 Business Services companies, ASNOVA Co ranks worse than 63.08% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. ASNOVA Co's Gross Profit for the
six
months ended in Mar. 2026 was 円839 Mil. ASNOVA Co's Revenue for the
six
months ended in Mar. 2026 was 円2,693 Mil. Therefore, ASNOVA Co's Gross Margin % for the quarter that ended in Mar. 2026 was 31.16%.
The historical rank and industry rank for ASNOVA Co's Gross Margin % or its related term are showing as below:
TSE:9223'
s Gross Margin % Range Over the Past 10 Years
Min: 16.61 Med: 27.28 Max: 30.24
Current: 27.28
During the past 7 years, the highestGross Margin % of ASNOVA Co was 30.24%. The lowest was 16.61%. And the median was 27.28%.
TSE:9223's Gross Margin % is ranked worse than 63.08% of 1005
companies
in the Business Services industry
Industry Median: 34.46
vs TSE:9223: 27.28
ASNOVA Co had a gross margin of 31.16% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for ASNOVA Co was 5.60% per year.
ASNOVA Co (TSE:9223) 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
ASNOVA Co had a gross margin of 31.16% 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.
ASNOVA Co Gross Margin % Related Terms
ASNOVA Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for ASNOVA 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.
TSE:9223 vs URI, SUNB, AER: Gross Margin % Comparison
For the Rental & Leasing Services subindustry, ASNOVA 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.
ASNOVA Co Gross Margin % vs Business Services Industry
For the Business Services industry and Industrials sector, ASNOVA Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where ASNOVA 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.
ASNOVA Co (TSE:9223) has a Gross Margin % of 31.16% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on ASNOVA Co and its competitors. This is 14% above median its historical median of 27.28. Over the past decade, ASNOVA Co's Gross Margin % has ranged from 16.61 to 30.24. According to the industry distribution chart, ASNOVA Co ranks #634 out of 1005 companies in the Business Services industry, placing it in the top 63.1%.
Is ASNOVA Co's Gross Margin % too high?
ASNOVA Co's current Gross Margin % of 31.16% is 14% above median its 10-year median of 27.28. Over the past 10 years, this metric has ranged from a low of 16.61 to a high of 30.24. The Business Services industry median Gross Margin % is 34.46. ASNOVA Co's value of 31.16% is 9.6% below this industry median. Based on the distribution chart, ASNOVA Co ranks #634 out of 1005 companies in the Business Services industry, which is below the industry midpoint. Overall, ASNOVA Co has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does ASNOVA Co's Gross Margin % compare to URI and SUNB?
According to the Business Services industry distribution chart, ASNOVA Co ranks #634 out of 1005 companies for Gross Margin %. This places ASNOVA Co in the lower half of its industry. The industry median Gross Margin % is 34.46. ASNOVA Co's value of 31.16% is 9.6% below this benchmark. Historically, ASNOVA Co's own Gross Margin % has ranged from 16.61 to 30.24 over the past decade. While the company's 10-year median is 27.28 vs. the industry median of 34.46, ASNOVA 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 Business Services company?
The median Gross Margin % among Business Services companies is 34.46, based on 1,005 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. ASNOVA Co's current Gross Margin % of 31.16% is 9.6% 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 ASNOVA Co and its competitors. For the Business Services industry, the median Gross Margin % is 34.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASNOVA Co's current Gross Margin % is 31.16%, which is 14% above median its own 10-year median of 27.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASNOVA Co stock overvalued right now?
ASNOVA Co (TSE:9223) has a current Gross Margin % of 31.16%. The current Gross Margin % is 31.16%, which is 14% above median its 10-year median of 27.28 and 9.6% below the Business Services industry median of 34.46. ASNOVA Co's overall GF Score™ is 30/100 with 7 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 ASNOVA Co (TSE:9223), the current Gross Margin % is 31.16% 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.
ASNOVA Co Ltd is engaged in the temporary equipment rental business, mainly focused on wedge-type scaffolding, which is used for low- to mid-rise buildings, mainly detached houses, and its main features are its high construction efficiency, transportation efficiency, and storage efficiency.
30GF Score
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