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Hokuriku Gas CoTSE:9537 -1.15%67 Gross Margin % is 36.58% as of Mar. 2026, which is 10% below its 10-year median of 40.45. GuruFocus rates TSE:9537 with a GF Score™ of 67/100 and a GF Value™ of 円3,701.52 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 490 Utilities - Regulated companies, Hokuriku Gas Co ranks better than 66.12% on this metric.
Hokuriku Gas Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.5%.
The historical rank and industry rank for Hokuriku Gas Co's Gross Margin % or its related term are showing as below:
TSE:9537'
s Gross Margin % Range Over the Past 10 Years
Min: 29.67 Med: 40.45 Max: 45.85
Current: 38.92
During the past 13 years, the highestGross Margin % of Hokuriku Gas Co was 45.85%. The lowest was 29.67%. And the median was 40.45%.
TSE:9537's Gross Margin % is ranked better than 66.12% of 490
companies
in the Utilities - Regulated industry
Industry Median: 30.755
vs TSE:9537: 38.92
Hokuriku Gas Co had a gross margin of 36.58% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Hokuriku Gas Co was -3.50% per year.
Hokuriku Gas Co (TSE:9537) 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
Hokuriku Gas Co had a gross margin of 36.58% 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.
Hokuriku Gas Co Gross Margin % Related Terms
Hokuriku Gas Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Hokuriku Gas 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:9537 vs ATO, NI, UGI: Gross Margin % Comparison
For the Utilities - Regulated Gas subindustry, Hokuriku Gas 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.
Hokuriku Gas Co Gross Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hokuriku Gas Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Hokuriku Gas 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.
Hokuriku Gas Co (TSE:9537) has a Gross Margin % of 36.58% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Hokuriku Gas Co and its competitors. This is 10% below median its historical median of 40.45. Over the past decade, Hokuriku Gas Co's Gross Margin % has ranged from 29.67 to 45.85. According to the industry distribution chart, Hokuriku Gas Co ranks #166 out of 490 companies in the Utilities - Regulated industry, placing it in the top 33.9%.
Is Hokuriku Gas Co's Gross Margin % too high?
Hokuriku Gas Co's current Gross Margin % of 36.58% is 10% below median its 10-year median of 40.45. Over the past 10 years, this metric has ranged from a low of 29.67 to a high of 45.85. The Utilities - Regulated industry median Gross Margin % is 30.76. Hokuriku Gas Co's value of 36.58% is 18.9% above this industry median. Based on the distribution chart, Hokuriku Gas Co ranks #166 out of 490 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Hokuriku Gas Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokuriku Gas Co's Gross Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hokuriku Gas Co ranks #166 out of 490 companies for Gross Margin %. This puts Hokuriku Gas Co in the upper half of its industry. The industry median Gross Margin % is 30.76. Hokuriku Gas Co's value of 36.58% is 18.9% above this benchmark. Historically, Hokuriku Gas Co's own Gross Margin % has ranged from 29.67 to 45.85 over the past decade. While the company's 10-year median is 40.45 vs. the industry median of 30.76, Hokuriku Gas 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 an Utilities - Regulated company?
The median Gross Margin % among Utilities - Regulated companies is 30.76, based on 490 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. Hokuriku Gas Co's current Gross Margin % of 36.58% is 18.9% 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 Hokuriku Gas Co and its competitors. For the Utilities - Regulated industry, the median Gross Margin % is 30.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokuriku Gas Co's current Gross Margin % is 36.58%, which is 10% below median its own 10-year median of 40.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokuriku Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hokuriku Gas Co (TSE:9537) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,701.52, compared to a current price of 円4,280.00 — trading 15.6% above its estimated fair value. The current Gross Margin % is 36.58%, which is 10% below median its 10-year median of 40.45 and 18.9% above the Utilities - Regulated industry median of 30.76. Hokuriku Gas Co's overall GF Score™ is 67/100 with 3 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 Hokuriku Gas Co (TSE:9537), the current Gross Margin % is 36.58% 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 Hokuriku Gas Co (TSE:9537) Overvalued in 2026?
Based on GuruFocus' analysis, Hokuriku Gas Co stock appears to be overvalued.
The current stock price of 円4,280.00 is trading 15.6% above its estimated GF Value™ of 円3,701.52.
GuruFocus considers Hokuriku Gas Co to be Modestly Overvalued.
Key valuation signals for TSE:9537:
Gross Margin %: 36.58% (10% below median its 10-year median of 40.45)
GF Value™: 円3,701.52 vs. price of 円4,280.00 (15.6% above fair value)
Industry Position: 18.9% above the Utilities - Regulated median (#166 of 490)
No single metric tells the full story. See the TSE:9537 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hokuriku Gas Co Ltd engages in the manufacture, supply, and sale of city gas and gas-related equipment. It is involved in the manufacture, supply, and sale of city gas, as well as the operation of gas works and the sale of gas equipment. The firm also engages in the sale of liquefied petroleum gas (LPG) and LPG equipment, the operation of LPG piping works, gas works and civil engineering works, the design, installation, maintenance, security and inspection of gas equipment, the sale, installation and meter reading of housing facilities and equipment, the leasing and management of buildings, the leasing of business equipment and vehicles, It also undertakes gas construction contracts; and sells gas appliances.
67GF Score
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