Frozen WayWAR:FRW 92 Gross Margin % is 192.61% as of Mar. 2026, which is 50% above its 10-year median of 128.50. GuruFocus rates WAR:FRW with a GF Score™ of 92/100 and a GF Value™ of zł30.65 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 497 Interactive Media companies, Frozen Way ranks better than 98.19% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Frozen Way's Gross Profit for the
three
months ended in Mar. 2026 was zł3.34 Mil. Frozen Way's Revenue for the
three
months ended in Mar. 2026 was zł1.73 Mil. Therefore, Frozen Way's Gross Margin % for the quarter that ended in Mar. 2026 was 192.61%.
The historical rank and industry rank for Frozen Way's Gross Margin % or its related term are showing as below:
WAR:FRW'
s Gross Margin % Range Over the Past 10 Years
Min: 98.36 Med: 128.5 Max: 207.73
Current: 170.33
During the past 6 years, the highestGross Margin % of Frozen Way was 207.73%. The lowest was 98.36%. And the median was 128.50%.
WAR:FRW's Gross Margin % is ranked better than 98.19% of 497
companies
in the Interactive Media industry
Industry Median: 62.58
vs WAR:FRW: 170.33
Frozen Way had a gross margin of 192.61% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Frozen Way was 3.10% per year.
Frozen Way (WAR:FRW) 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
Frozen Way had a gross margin of 192.61% 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.
Frozen Way Gross Margin % Related Terms
Frozen Way Gross Margin % Historical Data
* Premium members only.
The historical data trend for Frozen Way'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.
WAR:FRW vs NTES, EA, TTWO: Gross Margin % Comparison
For the Electronic Gaming & Multimedia subindustry, Frozen Way'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.
Frozen Way Gross Margin % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Frozen Way's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Frozen Way'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.
Frozen Way (WAR:FRW) has a Gross Margin % of 192.61% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Frozen Way and its competitors. This is 50% above median its historical median of 128.50. Over the past decade, Frozen Way's Gross Margin % has ranged from 98.36 to 207.73. According to the industry distribution chart, Frozen Way ranks #9 out of 497 companies in the Interactive Media industry, placing it in the top 1.8%.
Is Frozen Way's Gross Margin % too high?
Frozen Way's current Gross Margin % of 192.61% is 50% above median its 10-year median of 128.50. Over the past 10 years, this metric has ranged from a low of 98.36 to a high of 207.73. The Interactive Media industry median Gross Margin % is 62.58. Frozen Way's value of 192.61% is 207.8% above this industry median. Based on the distribution chart, Frozen Way ranks #9 out of 497 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Frozen Way has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Frozen Way's Gross Margin % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Frozen Way ranks #9 out of 497 companies for Gross Margin %. This places Frozen Way in the top 2% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 62.58. Frozen Way's value of 192.61% is 207.8% above this benchmark. Historically, Frozen Way's own Gross Margin % has ranged from 98.36 to 207.73 over the past decade. While the company's 10-year median is 128.50 vs. the industry median of 62.58, Frozen Way 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 Interactive Media company?
The median Gross Margin % among Interactive Media companies is 62.58, based on 497 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. Frozen Way's current Gross Margin % of 192.61% is 207.8% 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 Frozen Way and its competitors. For the Interactive Media industry, the median Gross Margin % is 62.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frozen Way's current Gross Margin % is 192.61%, which is 50% above median its own 10-year median of 128.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frozen Way stock overvalued right now?
Based on GuruFocus' analysis, Frozen Way (WAR:FRW) is currently considered Modestly Undervalued. The stock's GF Value™ is zł30.65, compared to a current price of zł27.70 — trading 9.6% below its estimated fair value. The current Gross Margin % is 192.61%, which is 50% above median its 10-year median of 128.50 and 207.8% above the Interactive Media industry median of 62.58. Frozen Way's overall GF Score™ is 92/100 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 Frozen Way (WAR:FRW), the current Gross Margin % is 192.61% 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 Frozen Way (WAR:FRW) Overvalued in 2026?
Based on GuruFocus' analysis, Frozen Way stock appears to be undervalued.
The current stock price of zł27.70 is trading 9.6% below its estimated GF Value™ of zł30.65.
GuruFocus considers Frozen Way to be Modestly Undervalued.
Key valuation signals for WAR:FRW:
Gross Margin %: 192.61% (50% above median its 10-year median of 128.50)
GF Value™: zł30.65 vs. price of zł27.70 (9.6% below fair value)
Industry Position: 207.8% above the Interactive Media median (#9 of 497)
No single metric tells the full story. See the WAR:FRW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frozen Way SA is a Poland-based developer of video games. It is an independent game development studio and publisher. Its game portfolio comprises House Flipper Pets, House Flipper VR, and Builder Simulator.
92GF Score
Get the complete analysis for WAR:FRW
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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