ITOCHUWBO:IOC +0.30%79 Gross Margin % is 17.06% as of Mar. 2026, which is 5% above its 10-year median of 16.26. GuruFocus rates WBO:IOC with a GF Score™ of 79/100 and a GF Value™ of €8.53 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 511 Conglomerates companies, ITOCHU ranks worse than 74.17% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. ITOCHU's Gross Profit for the
three
months ended in Mar. 2026 was €3,569 Mil. ITOCHU's Revenue for the
three
months ended in Mar. 2026 was €20,915 Mil. Therefore, ITOCHU's Gross Margin % for the quarter that ended in Mar. 2026 was 17.06%.
The historical rank and industry rank for ITOCHU's Gross Margin % or its related term are showing as below:
WBO:IOC'
s Gross Margin % Range Over the Past 10 Years
Min: 13.48 Med: 16.26 Max: 22.6
Current: 16.73
During the past 13 years, the highestGross Margin % of ITOCHU was 22.60%. The lowest was 13.48%. And the median was 16.26%.
WBO:IOC's Gross Margin % is ranked worse than 74.17% of 511
companies
in the Conglomerates industry
Industry Median: 25.96
vs WBO:IOC: 16.73
ITOCHU had a gross margin of 17.06% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for ITOCHU was -0.10% per year.
ITOCHU (WBO:IOC) 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
ITOCHU had a gross margin of 17.06% 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.
ITOCHU Gross Margin % Related Terms
ITOCHU Gross Margin % Historical Data
* Premium members only.
The historical data trend for ITOCHU'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.
For the Conglomerates subindustry, ITOCHU'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.
ITOCHU Gross Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, ITOCHU's Gross Margin % distribution charts can be found below:
* The bar in red indicates where ITOCHU'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.
ITOCHU (WBO:IOC) has a Gross Margin % of 17.06% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on ITOCHU and its competitors. This is near median its historical median of 16.26. Over the past decade, ITOCHU's Gross Margin % has ranged from 13.48 to 22.60. According to the industry distribution chart, ITOCHU ranks #379 out of 511 companies in the Conglomerates industry, placing it in the top 74.2%.
Is ITOCHU's Gross Margin % too high?
ITOCHU's current Gross Margin % of 17.06% is near median its 10-year median of 16.26. Over the past 10 years, this metric has ranged from a low of 13.48 to a high of 22.60. The Conglomerates industry median Gross Margin % is 25.96. ITOCHU's value of 17.06% is 34.3% below this industry median. Based on the distribution chart, ITOCHU ranks #379 out of 511 companies in the Conglomerates industry, which is below the industry midpoint. Overall, ITOCHU has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ITOCHU's Gross Margin % compare to HON and MMM?
According to the Conglomerates industry distribution chart, ITOCHU ranks #379 out of 511 companies for Gross Margin %. This places ITOCHU in the lower half of its industry. The industry median Gross Margin % is 25.96. ITOCHU's value of 17.06% is 34.3% below this benchmark. Historically, ITOCHU's own Gross Margin % has ranged from 13.48 to 22.60 over the past decade. While the company's 10-year median is 16.26 vs. the industry median of 25.96, ITOCHU 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 Conglomerates company?
The median Gross Margin % among Conglomerates companies is 25.96, based on 511 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. ITOCHU's current Gross Margin % of 17.06% is 34.3% 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 ITOCHU and its competitors. For the Conglomerates industry, the median Gross Margin % is 25.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITOCHU's current Gross Margin % is 17.06%, which is near median its own 10-year median of 16.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITOCHU stock overvalued right now?
Based on GuruFocus' analysis, ITOCHU (WBO:IOC) is currently considered Modestly Overvalued. The stock's GF Value™ is €8.53, compared to a current price of €9.98 — trading 17% above its estimated fair value. The current Gross Margin % is 17.06%, which is near median its 10-year median of 16.26 and 34.3% below the Conglomerates industry median of 25.96. ITOCHU's overall GF Score™ is 79/100 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 ITOCHU (WBO:IOC), the current Gross Margin % is 17.06% 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 ITOCHU (WBO:IOC) Overvalued in 2026?
Based on GuruFocus' analysis, ITOCHU stock appears to be overvalued.
The current stock price of €9.98 is trading 17% above its estimated GF Value™ of €8.53.
GuruFocus considers ITOCHU to be Modestly Overvalued.
Key valuation signals for WBO:IOC:
Gross Margin %: 17.06% (near median its 10-year median of 16.26)
GF Value™: €8.53 vs. price of €9.98 (17% above fair value)
Industry Position: 34.3% below the Conglomerates median (#379 of 511)
No single metric tells the full story. See the WBO:IOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Itochu is a general trading house, or sogo shosha, a conglomerate type unique to Japan. The primary driver for sogo shoshas is trading and intermediation between businesses and leveraging their wide domestic and global information and contact networks to extract value. Itochu has historical roots as a textile trader, but over the years has expanded its portfolio from upstream minerals production, to midstream industrial machinery, food processing, and information and communication technology, and all the way to downstream textiles, convenience stores (Family Mart) and realty. Among the Big Five sogo shoshas, Itochu has the highest exposure to the nonresources businesses, and to the domestic business. It continues to skew its future investments toward the downstream and consumer businesses.
79GF Score
Get the complete analysis for WBO:IOC
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WBO:IOC has been successfully added to your 
