MpayWAR:MPY -2.81%37 Gross Margin % is 18.58% as of Mar. 2026, which is 48% below its 10-year median of 36.00. GuruFocus rates WAR:MPY with a GF Score™ of 37/100 and a GF Value™ of zł0.14 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 2,685 Software companies, Mpay ranks worse than 65.29% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Mpay's Gross Profit for the
three
months ended in Mar. 2026 was zł0.66 Mil. Mpay's Revenue for the
three
months ended in Mar. 2026 was zł3.57 Mil. Therefore, Mpay's Gross Margin % for the quarter that ended in Mar. 2026 was 18.58%.
Warning Sign:
Mpay SA gross margin has been in long-term decline. The average rate of decline per year is -15.5%.
The historical rank and industry rank for Mpay's Gross Margin % or its related term are showing as below:
WAR:MPY'
s Gross Margin % Range Over the Past 10 Years
Min: 10.3 Med: 36 Max: 86.6
Current: 28.61
During the past 13 years, the highestGross Margin % of Mpay was 86.60%. The lowest was 10.30%. And the median was 36.00%.
WAR:MPY's Gross Margin % is ranked worse than 65.29% of 2685
companies
in the Software industry
Industry Median: 40.45
vs WAR:MPY: 28.61
Mpay had a gross margin of 18.58% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Mpay was -15.50% per year.
Mpay (WAR:MPY) 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
Mpay had a gross margin of 18.58% 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.
Mpay Gross Margin % Related Terms
Mpay Gross Margin % Historical Data
* Premium members only.
The historical data trend for Mpay'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:MPY vs MSFT, ORCL, PLTR: Gross Margin % Comparison
For the Software - Infrastructure subindustry, Mpay'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.
Mpay Gross Margin % vs Software Industry
For the Software industry and Technology sector, Mpay's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Mpay'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.
Mpay (WAR:MPY) has a Gross Margin % of 18.58% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Mpay and its competitors. This is 48% below median its historical median of 36.00. Over the past decade, Mpay's Gross Margin % has ranged from 10.30 to 86.60. According to the industry distribution chart, Mpay ranks #1753 out of 2685 companies in the Software industry, placing it in the top 65.3%.
Is Mpay's Gross Margin % too high?
Mpay's current Gross Margin % of 18.58% is 48% below median its 10-year median of 36.00. Over the past 10 years, this metric has ranged from a low of 10.30 to a high of 86.60. The Software industry median Gross Margin % is 40.45. Mpay's value of 18.58% is 54.1% below this industry median. Based on the distribution chart, Mpay ranks #1753 out of 2685 companies in the Software industry, which is below the industry midpoint. Overall, Mpay has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mpay's Gross Margin % compare to MSFT and ORCL?
According to the Software industry distribution chart, Mpay ranks #1753 out of 2685 companies for Gross Margin %. This places Mpay in the lower half of its industry. The industry median Gross Margin % is 40.45. Mpay's value of 18.58% is 54.1% below this benchmark. Historically, Mpay's own Gross Margin % has ranged from 10.30 to 86.60 over the past decade. While the company's 10-year median is 36.00 vs. the industry median of 40.45, Mpay has consistently been below 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 Software company?
The median Gross Margin % among Software companies is 40.45, based on 2,685 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. Mpay's current Gross Margin % of 18.58% is 54.1% below 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 Mpay and its competitors. For the Software industry, the median Gross Margin % is 40.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mpay's current Gross Margin % is 18.58%, which is 48% below median its own 10-year median of 36.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mpay stock overvalued right now?
Based on GuruFocus' analysis, Mpay (WAR:MPY) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.14, compared to a current price of zł0.24 — trading 72.9% above its estimated fair value. The current Gross Margin % is 18.58%, which is 48% below median its 10-year median of 36.00 and 54.1% below the Software industry median of 40.45. Mpay's overall GF Score™ is 37/100 with 10 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 Mpay (WAR:MPY), the current Gross Margin % is 18.58% 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 Mpay (WAR:MPY) Overvalued in 2026?
Based on GuruFocus' analysis, Mpay stock appears to be overvalued.
The current stock price of zł0.24 is trading 72.9% above its estimated GF Value™ of zł0.14.
GuruFocus considers Mpay to be Significantly Overvalued.
Key valuation signals for WAR:MPY:
Gross Margin %: 18.58% (48% below median its 10-year median of 36.00)
GF Value™: zł0.14 vs. price of zł0.24 (72.9% above fair value)
Industry Position: 54.1% below the Software median (#1753 of 2685)
No single metric tells the full story. See the WAR:MPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mpay SA is a Polish supplier of m-payment solutions. The company creates and develops instruments that enable the execution of financial transactions on mobile devices. The flagship product of the company is the mPay application, which enables buying communication tickets, regulates payments for paid parking, or powers prepaid phone accounts using a smartphone or tablet.
37GF Score
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