UEXTSE:9888 -1.51%68 Gross Margin % is 18.46% as of Mar. 2026, which is 12% above its 10-year median of 16.51. GuruFocus rates TSE:9888 with a GF Score™ of 68/100 and a GF Value™ of 円880.87 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 592 Steel companies, UEX ranks better than 67.06% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. UEX's Gross Profit for the
six
months ended in Mar. 2026 was 円4,666 Mil. UEX's Revenue for the
six
months ended in Mar. 2026 was 円25,276 Mil. Therefore, UEX's Gross Margin % for the quarter that ended in Mar. 2026 was 18.46%.
The historical rank and industry rank for UEX's Gross Margin % or its related term are showing as below:
TSE:9888'
s Gross Margin % Range Over the Past 10 Years
Min: 14.08 Med: 16.51 Max: 22.2
Current: 18.47
During the past 13 years, the highestGross Margin % of UEX was 22.20%. The lowest was 14.08%. And the median was 16.51%.
TSE:9888's Gross Margin % is ranked better than 67.06% of 592
companies
in the Steel industry
Industry Median: 12.55
vs TSE:9888: 18.47
UEX had a gross margin of 18.46% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for UEX was 2.70% per year.
UEX (TSE:9888) 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
UEX had a gross margin of 18.46% for the quarter that ended in Mar. 2026 => No sustainable 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.
UEX Gross Margin % Related Terms
UEX Gross Margin % Historical Data
* Premium members only.
The historical data trend for UEX'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:9888 vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, UEX'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.
UEX Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, UEX's Gross Margin % distribution charts can be found below:
* The bar in red indicates where UEX'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.
UEX (TSE:9888) has a Gross Margin % of 18.46% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on UEX and its competitors. This is 12% above median its historical median of 16.51. Over the past decade, UEX's Gross Margin % has ranged from 14.08 to 22.20. According to the industry distribution chart, UEX ranks #195 out of 592 companies in the Steel industry, placing it in the top 32.9%.
Is UEX's Gross Margin % too high?
UEX's current Gross Margin % of 18.46% is 12% above median its 10-year median of 16.51. Over the past 10 years, this metric has ranged from a low of 14.08 to a high of 22.20. The Steel industry median Gross Margin % is 12.55. UEX's value of 18.46% is 47.1% above this industry median. Based on the distribution chart, UEX ranks #195 out of 592 companies in the Steel industry, which is above the industry midpoint. Overall, UEX has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does UEX's Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, UEX ranks #195 out of 592 companies for Gross Margin %. This puts UEX in the upper half of its industry. The industry median Gross Margin % is 12.55. UEX's value of 18.46% is 47.1% above this benchmark. Historically, UEX's own Gross Margin % has ranged from 14.08 to 22.20 over the past decade. While the company's 10-year median is 16.51 vs. the industry median of 12.55, UEX 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 Steel company?
The median Gross Margin % among Steel companies is 12.55, based on 592 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. UEX's current Gross Margin % of 18.46% is 47.1% 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 UEX and its competitors. For the Steel industry, the median Gross Margin % is 12.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UEX's current Gross Margin % is 18.46%, which is 12% above median its own 10-year median of 16.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UEX stock overvalued right now?
Based on GuruFocus' analysis, UEX (TSE:9888) is currently considered Modestly Overvalued. The stock's GF Value™ is 円880.87, compared to a current price of 円980.00 — trading 11.3% above its estimated fair value. The current Gross Margin % is 18.46%, which is 12% above median its 10-year median of 16.51 and 47.1% above the Steel industry median of 12.55. UEX's overall GF Score™ is 68/100 with 9 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 UEX (TSE:9888), the current Gross Margin % is 18.46% 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 UEX (TSE:9888) Overvalued in 2026?
Based on GuruFocus' analysis, UEX stock appears to be overvalued.
The current stock price of 円980.00 is trading 11.3% above its estimated GF Value™ of 円880.87.
GuruFocus considers UEX to be Modestly Overvalued.
Key valuation signals for TSE:9888:
Gross Margin %: 18.46% (12% above median its 10-year median of 16.51)
GF Value™: 円880.87 vs. price of 円980.00 (11.3% above fair value)
Industry Position: 47.1% above the Steel median (#195 of 592)
No single metric tells the full story. See the TSE:9888 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
UEX Ltd is engaged in sales of stainless steel, titanium, and machinery equipment. The products and services of the company include stainless steel plate, steel strip, duplex stainless steel, cutting service, quality assurance, and quality control.
68GF Score
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