Belc CoTSE:9974 -1.85%92 Gross Margin % is 29.16% as of Feb. 2026, which is 11% above its 10-year median of 26.33. GuruFocus rates TSE:9974 with a GF Score™ of 92/100 and a GF Value™ of 円8,001.54 (Modestly Undervalued). Among 303 Retail - Defensive companies, Belc Co ranks better than 63.04% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Belc Co's Gross Profit for the
three
months ended in Feb. 2026 was 円31,414 Mil. Belc Co's Revenue for the
three
months ended in Feb. 2026 was 円107,725 Mil. Therefore, Belc Co's Gross Margin % for the quarter that ended in Feb. 2026 was 29.16%.
The historical rank and industry rank for Belc Co's Gross Margin % or its related term are showing as below:
TSE:9974'
s Gross Margin % Range Over the Past 10 Years
Min: 25.77 Med: 26.33 Max: 28.91
Current: 28.08
During the past 13 years, the highestGross Margin % of Belc Co was 28.91%. The lowest was 25.77%. And the median was 26.33%.
TSE:9974's Gross Margin % is ranked better than 63.04% of 303
companies
in the Retail - Defensive industry
Industry Median: 24.08
vs TSE:9974: 28.08
Belc Co had a gross margin of 29.16% for the quarter that ended in Feb. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Belc Co was 1.90% per year.
Belc Co (TSE:9974) 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
Belc Co had a gross margin of 29.16% for the quarter that ended in Feb. 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.
Belc Co Gross Margin % Related Terms
Belc Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Belc 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.
For the Grocery Stores subindustry, Belc 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.
Belc Co Gross Margin % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Belc Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Belc 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.
Belc Co (TSE:9974) has a Gross Margin % of 29.16% as of Feb. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Belc Co and its competitors. This is 11% above median its historical median of 26.33. Over the past decade, Belc Co's Gross Margin % has ranged from 25.77 to 28.91. According to the industry distribution chart, Belc Co ranks #112 out of 303 companies in the Retail - Defensive industry, placing it in the top 37%.
Is Belc Co's Gross Margin % too high?
Belc Co's current Gross Margin % of 29.16% is 11% above median its 10-year median of 26.33. Over the past 10 years, this metric has ranged from a low of 25.77 to a high of 28.91. The Retail - Defensive industry median Gross Margin % is 24.08. Belc Co's value of 29.16% is 21.1% above this industry median. Based on the distribution chart, Belc Co ranks #112 out of 303 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Belc Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Belc Co's Gross Margin % compare to KR?
According to the Retail - Defensive industry distribution chart, Belc Co ranks #112 out of 303 companies for Gross Margin %. This puts Belc Co in the upper half of its industry. The industry median Gross Margin % is 24.08. Belc Co's value of 29.16% is 21.1% above this benchmark. Historically, Belc Co's own Gross Margin % has ranged from 25.77 to 28.91 over the past decade. While the company's 10-year median is 26.33 vs. the industry median of 24.08, Belc 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 a Retail - Defensive company?
The median Gross Margin % among Retail - Defensive companies is 24.08, based on 303 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. Belc Co's current Gross Margin % of 29.16% is 21.1% 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 Belc Co and its competitors. For the Retail - Defensive industry, the median Gross Margin % is 24.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Belc Co's current Gross Margin % is 29.16%, which is 11% above median its own 10-year median of 26.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belc Co stock overvalued right now?
Based on GuruFocus' analysis, Belc Co (TSE:9974) is currently considered Modestly Undervalued. The stock's GF Value™ is 円8,001.54, compared to a current price of 円6,380.00 — trading 20.3% below its estimated fair value. The current Gross Margin % is 29.16%, which is 11% above median its 10-year median of 26.33 and 21.1% above the Retail - Defensive industry median of 24.08. Belc Co's overall GF Score™ is 92/100. 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 Belc Co (TSE:9974), the current Gross Margin % is 29.16% as of Feb. 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 Belc Co (TSE:9974) Overvalued in 2026?
Based on GuruFocus' analysis, Belc Co stock appears to be undervalued.
The current stock price of 円6,380.00 is trading 20.3% below its estimated GF Value™ of 円8,001.54.
GuruFocus considers Belc Co to be Modestly Undervalued.
Key valuation signals for TSE:9974:
Gross Margin %: 29.16% (11% above median its 10-year median of 26.33)
GF Value™: 円8,001.54 vs. price of 円6,380.00 (20.3% below fair value)
Industry Position: 21.1% above the Retail - Defensive median (#112 of 303)
No single metric tells the full story. See the TSE:9974 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Belc Co Ltd manages a chain of food supermarkets in Japan. The company is headquartered in Japan and earns the entirety of its revenue domestically. The company has a chain of retail stores in the Tokyo metropolitan area and is focused on Saitama Prefecture. Through its subsidiaries, Belc Co. Ltd is involved with the production and distribution of food items and ready-made meals to its self-run stores. Its products include perishable goods, grocery items, sundry items, daily necessities, and processed food. Belc Co. Ltd also provides services to its stores, including chain management and cleaning.
92GF Score
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