Photon Energy NVWAR:PEN -3.08%53 Gross Margin % is 37.62% as of Mar. 2026, which is 41% below its 10-year median of 63.61. GuruFocus rates WAR:PEN with a GF Score™ of 53/100 and a GF Value™ of zł6.63 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,009 Semiconductors companies, Photon Energy NV ranks better than 83.05% on this metric.
Photon Energy NV gross margin has been in long-term decline. The average rate of decline per year is -7.3%.
The historical rank and industry rank for Photon Energy NV's Gross Margin % or its related term are showing as below:
WAR:PEN'
s Gross Margin % Range Over the Past 10 Years
Min: 45.51 Med: 63.61 Max: 81.92
Current: 50.02
During the past 13 years, the highestGross Margin % of Photon Energy NV was 81.92%. The lowest was 45.51%. And the median was 63.61%.
WAR:PEN's Gross Margin % is ranked better than 83.05% of 1009
companies
in the Semiconductors industry
Industry Median: 29.61
vs WAR:PEN: 50.02
Photon Energy NV had a gross margin of 37.62% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Photon Energy NV was -7.30% per year.
Photon Energy NV (WAR:PEN) 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
Photon Energy NV had a gross margin of 37.62% for the quarter that ended in Mar. 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.
Photon Energy NV Gross Margin % Related Terms
Photon Energy NV Gross Margin % Historical Data
* Premium members only.
The historical data trend for Photon Energy NV'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:PEN vs FSLR, NXT, ENPH: Gross Margin % Comparison
For the Solar subindustry, Photon Energy NV'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.
Photon Energy NV Gross Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Photon Energy NV's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Photon Energy NV'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.
Photon Energy NV (WAR:PEN) has a Gross Margin % of 37.62% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Photon Energy NV and its competitors. This is 41% below median its historical median of 63.61. Over the past decade, Photon Energy NV's Gross Margin % has ranged from 45.51 to 81.92. According to the industry distribution chart, Photon Energy NV ranks #171 out of 1009 companies in the Semiconductors industry, placing it in the top 16.9%.
Is Photon Energy NV's Gross Margin % too high?
Photon Energy NV's current Gross Margin % of 37.62% is 41% below median its 10-year median of 63.61. Over the past 10 years, this metric has ranged from a low of 45.51 to a high of 81.92. The Semiconductors industry median Gross Margin % is 29.61. Photon Energy NV's value of 37.62% is 27.1% above this industry median. Based on the distribution chart, Photon Energy NV ranks #171 out of 1009 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Photon Energy NV has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Photon Energy NV's Gross Margin % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Photon Energy NV ranks #171 out of 1009 companies for Gross Margin %. This places Photon Energy NV in the top 17% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 29.61. Photon Energy NV's value of 37.62% is 27.1% above this benchmark. Historically, Photon Energy NV's own Gross Margin % has ranged from 45.51 to 81.92 over the past decade. While the company's 10-year median is 63.61 vs. the industry median of 29.61, Photon Energy NV 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 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. Photon Energy NV's current Gross Margin % of 37.62% is 27.1% 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 Photon Energy NV 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. Photon Energy NV's current Gross Margin % is 37.62%, which is 41% below median its own 10-year median of 63.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Photon Energy NV stock overvalued right now?
Based on GuruFocus' analysis, Photon Energy NV (WAR:PEN) is currently considered Possible Value Trap. The stock's GF Value™ is zł6.63, compared to a current price of zł1.26 — trading 81% below its estimated fair value. The current Gross Margin % is 37.62%, which is 41% below median its 10-year median of 63.61 and 27.1% above the Semiconductors industry median of 29.61. Photon Energy NV's overall GF Score™ is 53/100 with 6 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 Photon Energy NV (WAR:PEN), the current Gross Margin % is 37.62% 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 Photon Energy NV (WAR:PEN) Overvalued in 2026?
Based on GuruFocus' analysis, Photon Energy NV stock appears to be undervalued.
The current stock price of zł1.26 is trading 81% below its estimated GF Value™ of zł6.63.
GuruFocus considers Photon Energy NV to be Possible Value Trap.
Key valuation signals for WAR:PEN:
Gross Margin %: 37.62% (41% below median its 10-year median of 63.61)
GF Value™: zł6.63 vs. price of zł1.26 (81% below fair value)
Industry Position: 27.1% above the Semiconductors median (#171 of 1009)
No single metric tells the full story. See the WAR:PEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Photon Energy NV is an investment holding company. It engages in the provision of solar power solutions and services. The company covers the entire life cycle of solar power systems. It operates through the following business segments: Engineering, Technology, Investment, Operations and Maintenance, New Energy, and Others. It generates the majority of its revenue from the New Energy segment. It has operations in the Czech Republic, Hungary, Poland, Australia, Romania, the Slovak Republic, and Germany. The firm generates the majority of revenue from the Czech Republic.
53GF Score
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