VODAF (Vodacom Group) Gross Margin %: 60.68% (As of Mar. 2026) — Near Median


VODAF Vodacom Group Ltd VODAF
77 GF Score
Price $8.98
GF Value $8.82
Valuation Fairly Valued
! 5 Warning Signs
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What is Vodacom Group Gross Margin %?

Vodacom Group VODAF 77 Gross Margin % is 60.68% as of Mar. 2026, which is 2% below its 10-year median of 62.05. GuruFocus rates VODAF with a GF Score™ of 77/100 and a GF Value™ of $8.82 (Fairly Valued). The stock has 5 warning signs investors should review. Among 344 Telecommunication Services companies, Vodacom Group ranks better than 67.15% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Vodacom Group's Gross Profit for the six months ended in Mar. 2026 was $3,118 Mil. Vodacom Group's Revenue for the six months ended in Mar. 2026 was $5,139 Mil. Therefore, Vodacom Group's Gross Margin % for the quarter that ended in Mar. 2026 was 60.68%.


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

VODAF' s Gross Margin % Range Over the Past 10 Years
Min: 61.02   Med: 62.05   Max: 64.65
Current: 61.67


During the past 13 years, the highest Gross Margin % of Vodacom Group was 64.65%. The lowest was 61.02%. And the median was 62.05%.

VODAF's Gross Margin % is ranked better than
67.15% of 344 companies
in the Telecommunication Services industry
Industry Median: 51.415 vs VODAF: 61.67

Vodacom Group had a gross margin of 60.68% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Vodacom Group was -0.50% per year.


Vodacom Group  (OTCPK:VODAF) 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

Vodacom Group had a gross margin of 60.68% 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.


Vodacom Group Gross Margin % Related Terms


Vodacom Group Gross Margin % Historical Data

* Premium members only.

The historical data trend for Vodacom Group'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.

Vodacom Group Gross Margin % Chart

Vodacom Group 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 62.40 61.45 61.69 61.02 61.67

Vodacom Group 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 61.93 61.40 60.67 62.71 60.68

VODAF vs TMUS, VZ, T: Gross Margin % Comparison

For the Telecom Services subindustry, Vodacom Group'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.


Vodacom Group Gross Margin % vs Telecommunication Services Industry

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

* The bar in red indicates where Vodacom Group's Gross Margin % falls into.


VODAF
77GF Score
Vodacom Group Ltd VODAF
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Vodacom Group Gross Margin % Calculation

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

Vodacom Group'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 )
=6172.8 / 10009.433
=(Revenue - Cost of Goods Sold) / Revenue
=(10009.433 - 3836.675) / 10009.433
=61.67 %

Vodacom Group'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 )
=3118.3 / 5138.512
=(Revenue - Cost of Goods Sold) / Revenue
=(5138.512 - 2020.251) / 5138.512
=60.68 %

* 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 60.68% mean?
Vodacom Group (VODAF) has a Gross Margin % of 60.68% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Vodacom Group and its competitors. This is near median its historical median of 62.05. Over the past decade, Vodacom Group's Gross Margin % has ranged from 61.02 to 64.65. According to the industry distribution chart, Vodacom Group ranks #113 out of 344 companies in the Telecommunication Services industry, placing it in the top 32.8%.
Is Vodacom Group's Gross Margin % too high?
Vodacom Group's current Gross Margin % of 60.68% is near median its 10-year median of 62.05. Over the past 10 years, this metric has ranged from a low of 61.02 to a high of 64.65. The Telecommunication Services industry median Gross Margin % is 51.42. Vodacom Group's value of 60.68% is 18% above this industry median. Based on the distribution chart, Vodacom Group ranks #113 out of 344 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Vodacom Group has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vodacom Group's Gross Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Vodacom Group ranks #113 out of 344 companies for Gross Margin %. This puts Vodacom Group in the upper half of its industry. The industry median Gross Margin % is 51.42. Vodacom Group's value of 60.68% is 18% above this benchmark. Historically, Vodacom Group's own Gross Margin % has ranged from 61.02 to 64.65 over the past decade. While the company's 10-year median is 62.05 vs. the industry median of 51.42, Vodacom Group 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 Telecommunication Services company?
The median Gross Margin % among Telecommunication Services companies is 51.42, based on 344 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. Vodacom Group's current Gross Margin % of 60.68% is 18% 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 Vodacom Group and its competitors. For the Telecommunication Services industry, the median Gross Margin % is 51.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vodacom Group's current Gross Margin % is 60.68%, which is near median its own 10-year median of 62.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vodacom Group stock overvalued right now?
Based on GuruFocus' analysis, Vodacom Group (VODAF) is currently considered Fairly Valued. The stock's GF Value™ is $8.82, compared to a current price of $8.98 — trading 1.8% above its estimated fair value. The current Gross Margin % is 60.68%, which is near median its 10-year median of 62.05 and 18% above the Telecommunication Services industry median of 51.42. Vodacom Group's overall GF Score™ is 77/100 with 5 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 Vodacom Group (VODAF), the current Gross Margin % is 60.68% 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 Vodacom Group (VODAF) Overvalued in 2026?

Based on GuruFocus' analysis, Vodacom Group stock appears to be overvalued. The current stock price of $8.98 is trading 1.8% above its estimated GF Value™ of $8.82. GuruFocus considers Vodacom Group to be Fairly Valued.

Key valuation signals for VODAF:

  • Gross Margin %: 60.68% (near median its 10-year median of 62.05)
  • GF Value™: $8.82 vs. price of $8.98 (1.8% above fair value)
  • GF Score™: 77/100 with 5 warning signs
  • Industry Position: 18% above the Telecommunication Services median (#113 of 344)

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


Vodacom Group Business Description

Address 082 Vodacom Boulevard, Vodacom Corporate Park, Midrand, Johannesburg, GT, ZAF, 1685
Vodacom Group Ltd is a telecommunications provider. It is engaged in the provision of a wide range of communications products and services including but not limited to voice, messaging, converged services, broadband, data connectivity, mobile financial services and other value added services. Its segments includes South Africa comprises the information relating to the South African-based cellular network and other business segments. Egypt comprises the information relating to the Egyptian-based cellular network and other business segments. International comprises the segment information relating to the non-South African-based cellular networks in Tanzania, Mozambique, Lesotho and the Democratic Republic of Congo. It generates majority of revenue from South Africa.
77GF Score

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

$8.98
Price
$8.82
GF Value