The Kyoto Hotel (TSE:9723) Gross Margin %: 84.52% (As of Mar. 2026) — Near Median


TSE:9723 The Kyoto Hotel Ltd TSE:9723
70 GF Score
Price 円632.00
GF Value 円747.10
Valuation Modestly Undervalued
! 4 Warning Signs
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What is The Kyoto Hotel Gross Margin %?

The Kyoto Hotel TSE:9723 -0.32% 70 Gross Margin % is 84.52% as of Mar. 2026, which is 3% above its 10-year median of 82.19. GuruFocus rates TSE:9723 with a GF Score™ of 70/100 and a GF Value™ of 円747.10 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 788 Travel & Leisure companies, The Kyoto Hotel ranks better than 91.24% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. The Kyoto Hotel's Gross Profit for the six months ended in Mar. 2026 was 円4,489 Mil. The Kyoto Hotel's Revenue for the six months ended in Mar. 2026 was 円5,311 Mil. Therefore, The Kyoto Hotel's Gross Margin % for the quarter that ended in Mar. 2026 was 84.52%.


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

TSE:9723' s Gross Margin % Range Over the Past 10 Years
Min: 81.07   Med: 82.19   Max: 85.18
Current: 84.87


During the past 13 years, the highest Gross Margin % of The Kyoto Hotel was 85.18%. The lowest was 81.07%. And the median was 82.19%.

TSE:9723's Gross Margin % is ranked better than
91.24% of 788 companies
in the Travel & Leisure industry
Industry Median: 44.09 vs TSE:9723: 84.87

The Kyoto Hotel had a gross margin of 84.52% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for The Kyoto Hotel was 1.00% per year.


The Kyoto Hotel  (TSE:9723) 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

The Kyoto Hotel had a gross margin of 84.52% for the quarter that ended in Mar. 2026 => 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.


The Kyoto Hotel Gross Margin % Related Terms


The Kyoto Hotel Gross Margin % Historical Data

* Premium members only.

The historical data trend for The Kyoto Hotel'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.

The Kyoto Hotel Gross Margin % Chart

The Kyoto Hotel Annual Data
Trend Dec17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 81.07 82.53 84.48 85.18 84.87

The Kyoto Hotel Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 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 84.60 86.18 84.34 85.28 84.52

TSE:9723 vs MAR, HLT, H: Gross Margin % Comparison

For the Lodging subindustry, The Kyoto Hotel'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.


The Kyoto Hotel Gross Margin % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, The Kyoto Hotel's Gross Margin % distribution charts can be found below:

* The bar in red indicates where The Kyoto Hotel's Gross Margin % falls into.


TSE:9723
70GF Score
The Kyoto Hotel Ltd TSE:9723
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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The Kyoto Hotel Gross Margin % Calculation

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

The Kyoto Hotel'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 )
=8293.1 / 9772.112
=(Revenue - Cost of Goods Sold) / Revenue
=(9772.112 - 1478.982) / 9772.112
=84.87 %

The Kyoto Hotel'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 )
=4488.7 / 5310.815
=(Revenue - Cost of Goods Sold) / Revenue
=(5310.815 - 822.161) / 5310.815
=84.52 %

* 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 84.52% mean?
The Kyoto Hotel (TSE:9723) has a Gross Margin % of 84.52% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on The Kyoto Hotel and its competitors. This is near median its historical median of 82.19. Over the past decade, The Kyoto Hotel's Gross Margin % has ranged from 81.07 to 85.18. According to the industry distribution chart, The Kyoto Hotel ranks #69 out of 788 companies in the Travel & Leisure industry, placing it in the top 8.8%.
Is The Kyoto Hotel's Gross Margin % too high?
The Kyoto Hotel's current Gross Margin % of 84.52% is near median its 10-year median of 82.19. Over the past 10 years, this metric has ranged from a low of 81.07 to a high of 85.18. The Travel & Leisure industry median Gross Margin % is 44.09. The Kyoto Hotel's value of 84.52% is 91.7% above this industry median. Based on the distribution chart, The Kyoto Hotel ranks #69 out of 788 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, The Kyoto Hotel has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Kyoto Hotel's Gross Margin % compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, The Kyoto Hotel ranks #69 out of 788 companies for Gross Margin %. This places The Kyoto Hotel in the top 9% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 44.09. The Kyoto Hotel's value of 84.52% is 91.7% above this benchmark. Historically, The Kyoto Hotel's own Gross Margin % has ranged from 81.07 to 85.18 over the past decade. While the company's 10-year median is 82.19 vs. the industry median of 44.09, The Kyoto Hotel 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 a Travel & Leisure company?
The median Gross Margin % among Travel & Leisure companies is 44.09, based on 788 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. The Kyoto Hotel's current Gross Margin % of 84.52% is 91.7% 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 The Kyoto Hotel and its competitors. For the Travel & Leisure industry, the median Gross Margin % is 44.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Kyoto Hotel's current Gross Margin % is 84.52%, which is near median its own 10-year median of 82.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Kyoto Hotel stock overvalued right now?
Based on GuruFocus' analysis, The Kyoto Hotel (TSE:9723) is currently considered Modestly Undervalued. The stock's GF Value™ is 円747.10, compared to a current price of 円632.00 — trading 15.4% below its estimated fair value. The current Gross Margin % is 84.52%, which is near median its 10-year median of 82.19 and 91.7% above the Travel & Leisure industry median of 44.09. The Kyoto Hotel's overall GF Score™ is 70/100 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 The Kyoto Hotel (TSE:9723), the current Gross Margin % is 84.52% 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 The Kyoto Hotel (TSE:9723) Overvalued in 2026?

Based on GuruFocus' analysis, The Kyoto Hotel stock appears to be undervalued. The current stock price of 円632.00 is trading 15.4% below its estimated GF Value™ of 円747.10. GuruFocus considers The Kyoto Hotel to be Modestly Undervalued.

Key valuation signals for TSE:9723:

  • Gross Margin %: 84.52% (near median its 10-year median of 82.19)
  • GF Value™: 円747.10 vs. price of 円632.00 (15.4% below fair value)
  • GF Score™: 70/100 with 4 warning signs
  • Industry Position: 91.7% above the Travel & Leisure median (#69 of 788)

No single metric tells the full story. See the TSE:9723 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Kyoto Hotel Business Description

Address 537-4, Ichinofunairi-cho, Nijo minami-iru, Kawaramachi-dori, Nakagyo-ku, Kyoto, JPN, 604-8558
The Kyoto Hotel Ltd operates hotels & banquet halls in Japan. The Company manages restaurants & bars under the names of Kyoto Hotel Okura and Karasuma Kyoto Hotel. It operates in four divisions: accommodation, banquet, restaurant & others division. It also has the online shop.
70GF Score

Get the complete analysis for TSE:9723

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

円632.00
Price
円747.10
GF Value