PJP MakrumWAR:PJP +0.53%75 Gross Margin % is 22.60% as of Mar. 2026, which is 12% above its 10-year median of 20.26. GuruFocus rates WAR:PJP with a GF Score™ of 75/100 and a GF Value™ of zł17.25 (Fairly Valued). The stock has 13 warning signs investors should review. Among 1,718 Construction companies, PJP Makrum ranks worse than 54.25% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. PJP Makrum's Gross Profit for the
three
months ended in Mar. 2026 was zł19.6 Mil. PJP Makrum's Revenue for the
three
months ended in Mar. 2026 was zł86.8 Mil. Therefore, PJP Makrum's Gross Margin % for the quarter that ended in Mar. 2026 was 22.60%.
The historical rank and industry rank for PJP Makrum's Gross Margin % or its related term are showing as below:
WAR:PJP'
s Gross Margin % Range Over the Past 10 Years
Min: 17.91 Med: 20.26 Max: 31.66
Current: 18.89
During the past 13 years, the highestGross Margin % of PJP Makrum was 31.66%. The lowest was 17.91%. And the median was 20.26%.
WAR:PJP's Gross Margin % is ranked worse than 54.25% of 1718
companies
in the Construction industry
Industry Median: 20.72
vs WAR:PJP: 18.89
PJP Makrum had a gross margin of 22.60% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for PJP Makrum was -0.30% per year.
PJP Makrum (WAR:PJP) 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
PJP Makrum had a gross margin of 22.60% 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.
PJP Makrum Gross Margin % Related Terms
PJP Makrum Gross Margin % Historical Data
* Premium members only.
The historical data trend for PJP Makrum'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:PJP vs PWR, FIX, EME: Gross Margin % Comparison
For the Engineering & Construction subindustry, PJP Makrum'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.
PJP Makrum Gross Margin % vs Construction Industry
For the Construction industry and Industrials sector, PJP Makrum's Gross Margin % distribution charts can be found below:
* The bar in red indicates where PJP Makrum'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.
PJP Makrum (WAR:PJP) has a Gross Margin % of 22.60% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on PJP Makrum and its competitors. This is 12% above median its historical median of 20.26. Over the past decade, PJP Makrum's Gross Margin % has ranged from 17.91 to 31.66. According to the industry distribution chart, PJP Makrum ranks #932 out of 1718 companies in the Construction industry, placing it in the top 54.2%.
Is PJP Makrum's Gross Margin % too high?
PJP Makrum's current Gross Margin % of 22.60% is 12% above median its 10-year median of 20.26. Over the past 10 years, this metric has ranged from a low of 17.91 to a high of 31.66. The Construction industry median Gross Margin % is 20.72. PJP Makrum's value of 22.60% is 9.1% above this industry median. Based on the distribution chart, PJP Makrum ranks #932 out of 1718 companies in the Construction industry, which is below the industry midpoint. Overall, PJP Makrum has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PJP Makrum's Gross Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, PJP Makrum ranks #932 out of 1718 companies for Gross Margin %. This places PJP Makrum in the lower half of its industry. The industry median Gross Margin % is 20.72. PJP Makrum's value of 22.60% is 9.1% above this benchmark. Historically, PJP Makrum's own Gross Margin % has ranged from 17.91 to 31.66 over the past decade. While the company's 10-year median is 20.26 vs. the industry median of 20.72, PJP Makrum 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 Construction company?
The median Gross Margin % among Construction companies is 20.72, based on 1,718 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. PJP Makrum's current Gross Margin % of 22.60% is 9.1% 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 PJP Makrum and its competitors. For the Construction industry, the median Gross Margin % is 20.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJP Makrum's current Gross Margin % is 22.60%, which is 12% above median its own 10-year median of 20.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJP Makrum stock overvalued right now?
Based on GuruFocus' analysis, PJP Makrum (WAR:PJP) is currently considered Fairly Valued. The stock's GF Value™ is zł17.25, compared to a current price of zł18.90 — trading 9.6% above its estimated fair value. The current Gross Margin % is 22.60%, which is 12% above median its 10-year median of 20.26 and 9.1% above the Construction industry median of 20.72. PJP Makrum's overall GF Score™ is 75/100 with 13 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 PJP Makrum (WAR:PJP), the current Gross Margin % is 22.60% 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 PJP Makrum (WAR:PJP) Overvalued in 2026?
Based on GuruFocus' analysis, PJP Makrum stock appears to be overvalued.
The current stock price of zł18.90 is trading 9.6% above its estimated GF Value™ of zł17.25.
GuruFocus considers PJP Makrum to be Fairly Valued.
Key valuation signals for WAR:PJP:
Gross Margin %: 22.60% (12% above median its 10-year median of 20.26)
GF Value™: zł17.25 vs. price of zł18.90 (9.6% above fair value)
Industry Position: 9.1% above the Construction median (#932 of 1718)
No single metric tells the full story. See the WAR:PJP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PJP Makrum SA operates in three areas. The first consists of the production of steel structures for the energy and chemical industries and environmental protection. The second segment focuses on commercial construction (industrial facilities, warehouses, and retail space). The third activity is docking solutions.
75GF Score
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