Forval Telecom (TSE:9445) Gross Margin %: 23.00% (As of Mar. 2026) — 14% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:9445 Forval Telecom Inc TSE:9445
71 GF Score
Price 円538.00
GF Value 円457.09
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Forval Telecom Gross Margin %?

Forval Telecom TSE:9445 71 Gross Margin % is 23.00% as of Mar. 2026, which is 14% below its 10-year median of 26.82. GuruFocus rates TSE:9445 with a GF Score™ of 71/100 and a GF Value™ of 円457.09 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 340 Telecommunication Services companies, Forval Telecom ranks worse than 83.82% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Forval Telecom's Gross Profit for the six months ended in Mar. 2026 was 円2,795 Mil. Forval Telecom's Revenue for the six months ended in Mar. 2026 was 円12,149 Mil. Therefore, Forval Telecom's Gross Margin % for the quarter that ended in Mar. 2026 was 23.00%.

Warning Sign:

Forval Telecom Inc gross margin has been in long-term decline. The average rate of decline per year is -2.7%.


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

TSE:9445' s Gross Margin % Range Over the Past 10 Years
Min: 21.21   Med: 26.82   Max: 31.53
Current: 23.11


During the past 13 years, the highest Gross Margin % of Forval Telecom was 31.53%. The lowest was 21.21%. And the median was 26.82%.

TSE:9445's Gross Margin % is ranked worse than
83.82% of 340 companies
in the Telecommunication Services industry
Industry Median: 51.825 vs TSE:9445: 23.11

Forval Telecom had a gross margin of 23.00% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Forval Telecom was -2.70% per year.


Forval Telecom  (TSE:9445) 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

Forval Telecom had a gross margin of 23.00% 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.


Forval Telecom Gross Margin % Related Terms


Forval Telecom Gross Margin % Historical Data

* Premium members only.

The historical data trend for Forval Telecom'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.

Forval Telecom Gross Margin % Chart

Forval Telecom 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 27.28 21.21 25.00 23.50 23.11

Forval Telecom 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 24.47 23.50 23.50 23.22 23.00

TSE:9445 vs TMUS, VZ, T: Gross Margin % Comparison

For the Telecom Services subindustry, Forval Telecom'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.


Forval Telecom Gross Margin % vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Forval Telecom's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Forval Telecom's Gross Margin % falls into.


TSE:9445
71GF Score
Forval Telecom Inc TSE:9445
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forval Telecom Gross Margin % Calculation

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

Forval Telecom'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 )
=5539.9 / 23973.009
=(Revenue - Cost of Goods Sold) / Revenue
=(23973.009 - 18433.11) / 23973.009
=23.11 %

Forval Telecom'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 )
=2794.5 / 12149.141
=(Revenue - Cost of Goods Sold) / Revenue
=(12149.141 - 9354.596) / 12149.141
=23.00 %

* 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 23.00% mean?
Forval Telecom (TSE:9445) has a Gross Margin % of 23.00% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Forval Telecom and its competitors. This is 14% below median its historical median of 26.82. Over the past decade, Forval Telecom's Gross Margin % has ranged from 21.21 to 31.53. According to the industry distribution chart, Forval Telecom ranks #285 out of 340 companies in the Telecommunication Services industry, placing it in the top 83.8%.
Is Forval Telecom's Gross Margin % too high?
Forval Telecom's current Gross Margin % of 23.00% is 14% below median its 10-year median of 26.82. Over the past 10 years, this metric has ranged from a low of 21.21 to a high of 31.53. The Telecommunication Services industry median Gross Margin % is 51.83. Forval Telecom's value of 23.00% is 55.6% below this industry median. Based on the distribution chart, Forval Telecom ranks #285 out of 340 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Forval Telecom has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forval Telecom's Gross Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Forval Telecom ranks #285 out of 340 companies for Gross Margin %. This places Forval Telecom in the lower half of its industry. The industry median Gross Margin % is 51.83. Forval Telecom's value of 23.00% is 55.6% below this benchmark. Historically, Forval Telecom's own Gross Margin % has ranged from 21.21 to 31.53 over the past decade. While the company's 10-year median is 26.82 vs. the industry median of 51.83, Forval Telecom 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 Telecommunication Services company?
The median Gross Margin % among Telecommunication Services companies is 51.83, based on 340 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. Forval Telecom's current Gross Margin % of 23.00% is 55.6% 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 Forval Telecom and its competitors. For the Telecommunication Services industry, the median Gross Margin % is 51.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forval Telecom's current Gross Margin % is 23.00%, which is 14% below median its own 10-year median of 26.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forval Telecom stock overvalued right now?
Based on GuruFocus' analysis, Forval Telecom (TSE:9445) is currently considered Modestly Overvalued. The stock's GF Value™ is 円457.09, compared to a current price of 円538.00 — trading 17.7% above its estimated fair value. The current Gross Margin % is 23.00%, which is 14% below median its 10-year median of 26.82 and 55.6% below the Telecommunication Services industry median of 51.83. Forval Telecom's overall GF Score™ is 71/100 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 Forval Telecom (TSE:9445), the current Gross Margin % is 23.00% 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 Forval Telecom (TSE:9445) Overvalued in 2026?

Based on GuruFocus' analysis, Forval Telecom stock appears to be overvalued. The current stock price of 円538.00 is trading 17.7% above its estimated GF Value™ of 円457.09. GuruFocus considers Forval Telecom to be Modestly Overvalued.

Key valuation signals for TSE:9445:

  • Gross Margin %: 23.00% (14% below median its 10-year median of 26.82)
  • GF Value™: 円457.09 vs. price of 円538.00 (17.7% above fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 55.6% below the Telecommunication Services median (#285 of 340)

No single metric tells the full story. See the TSE:9445 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forval Telecom Business Description

Address 3-26, Kanda-Nishikicho, HitotsubashiSI Bldg. 2F, Chiyoda-ku, Tokyo, JPN, 101-0054
Forval Telecom Inc provides telecommunications communication services and management consulting services in Japan. It provides discount international and domestic telephone and cellular phone services for the business and private sectors. It is also involved in the security certification acquisition consulting business.
71GF Score

Get the complete analysis for TSE:9445

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

円538.00
Price
円457.09
GF Value