Gross Margin % is calculated as gross profit divided by its revenue. ML System's Gross Profit for the
three
months ended in Mar. 2026 was zł-4.21 Mil. ML System's Revenue for the
three
months ended in Mar. 2026 was zł34.82 Mil. Therefore, ML System's Gross Margin % for the quarter that ended in Mar. 2026 was -12.09%.
Warning Sign:
ML System SA gross margin has been in long-term decline. The average rate of decline per year is -11.5%.
The historical rank and industry rank for ML System's Gross Margin % or its related term are showing as below:
WAR:MLS'
s Gross Margin % Range Over the Past 10 Years
Min: -5.65 Med: 13.62 Max: 40.93
Current: -5.65
During the past 11 years, the highestGross Margin % of ML System was 40.93%. The lowest was -5.65%. And the median was 13.62%.
WAR:MLS's Gross Margin % is ranked worse than 95.94% of 1009
companies
in the Semiconductors industry
Industry Median: 29.61
vs WAR:MLS: -5.65
ML System had a gross margin of -12.09% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for ML System was -11.50% per year.
ML System (WAR:MLS) 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
ML System had a gross margin of -12.09% 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.
ML System Gross Margin % Related Terms
ML System Gross Margin % Historical Data
* Premium members only.
The historical data trend for ML System'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:MLS vs FSLR, NXT, ENPH: Gross Margin % Comparison
For the Solar subindustry, ML System'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.
ML System Gross Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, ML System's Gross Margin % distribution charts can be found below:
* The bar in red indicates where ML System'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.
ML System (WAR:MLS) has a Gross Margin % of -12.09% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on ML System and its competitors. According to the industry distribution chart, ML System ranks #968 out of 1009 companies in the Semiconductors industry, placing it in the top 95.9%.
Is ML System's Gross Margin % too high?
ML System's current Gross Margin % is -12.09%. Based on the distribution chart, ML System ranks #968 out of 1009 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, ML System has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ML System's Gross Margin % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, ML System ranks #968 out of 1009 companies for Gross Margin %. This places ML System in the lower half of its industry. The industry median Gross Margin % is 29.61. 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 Semiconductors company?
The median Gross Margin % among Semiconductors companies is 29.61, based on 1,009 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. 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 ML System and its competitors. For the Semiconductors industry, the median Gross Margin % is 29.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ML System's current Gross Margin % is -12.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ML System stock overvalued right now?
Based on GuruFocus' analysis, ML System (WAR:MLS) is currently considered Possible Value Trap. The stock's GF Value™ is zł22.93, compared to a current price of zł14.70 — trading 35.9% below its estimated fair value. The current Gross Margin % is -12.09%. ML System's overall GF Score™ is 72/100 with 8 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 ML System (WAR:MLS), the current Gross Margin % is -12.09% 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 ML System (WAR:MLS) Overvalued in 2026?
Based on GuruFocus' analysis, ML System stock appears to be undervalued.
The current stock price of zł14.70 is trading 35.9% below its estimated GF Value™ of zł22.93.
GuruFocus considers ML System to be Possible Value Trap.
Key valuation signals for WAR:MLS:
Gross Margin %: -12.09%
GF Value™: zł22.93 vs. price of zł14.70 (35.9% below fair value)
No single metric tells the full story. See the WAR:MLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ML System SA is engaged in the design, engineering and production of building-integrated photovoltaic (BIPV) cell systems which generate electrical power from sunlight. It offers Energy Photovoltaics including BIPV modules, BIPV cells, Photovoltaic IGUS, Photovoltaic architecture systems, standard photovoltaic modules and fastening systems. Its other offerings includes Building Management System which includes enegry management systems and security systems.
72GF Score
Get the complete analysis for WAR:MLS
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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