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Bulgarian Stock Exchange ADXBUL:BSE 79 Gross Margin % is 62.99% as of Mar. 2026, which is 4% above its 10-year median of 60.71. GuruFocus rates XBUL:BSE with a GF Score™ of 79/100 and a GF Value™ of €9.82 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 620 Capital Markets companies, Bulgarian Stock Exchange AD ranks better than 63.23% on this metric.
Bulgarian Stock Exchange AD (XBUL:BSE) 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
Bulgarian Stock Exchange AD had a gross margin of 62.99% for the quarter that ended in Mar. 2026 => Durable 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.
Bulgarian Stock Exchange AD Gross Margin % Related Terms
Bulgarian Stock Exchange AD Gross Margin % Historical Data
* 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.
XBUL:BSE vs SPGI, CME, ICE: Gross Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, Bulgarian Stock Exchange AD'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.
Bulgarian Stock Exchange AD Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bulgarian Stock Exchange AD's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Bulgarian Stock Exchange AD'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.
Bulgarian Stock Exchange AD (XBUL:BSE) has a Gross Margin % of 62.99% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Bulgarian Stock Exchange AD and its competitors. This is near median its historical median of 60.71. Over the past decade, Bulgarian Stock Exchange AD's Gross Margin % has ranged from 17.40 to 81.74. According to the industry distribution chart, Bulgarian Stock Exchange AD ranks #228 out of 620 companies in the Capital Markets industry, placing it in the top 36.8%.
Is Bulgarian Stock Exchange AD's Gross Margin % too high?
Bulgarian Stock Exchange AD's current Gross Margin % of 62.99% is near median its 10-year median of 60.71. Over the past 10 years, this metric has ranged from a low of 17.40 to a high of 81.74. The Capital Markets industry median Gross Margin % is 50.03. Bulgarian Stock Exchange AD's value of 62.99% is 25.9% above this industry median. Based on the distribution chart, Bulgarian Stock Exchange AD ranks #228 out of 620 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Bulgarian Stock Exchange AD has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bulgarian Stock Exchange AD's Gross Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Bulgarian Stock Exchange AD ranks #228 out of 620 companies for Gross Margin %. This puts Bulgarian Stock Exchange AD in the upper half of its industry. The industry median Gross Margin % is 50.03. Bulgarian Stock Exchange AD's value of 62.99% is 25.9% above this benchmark. Historically, Bulgarian Stock Exchange AD's own Gross Margin % has ranged from 17.40 to 81.74 over the past decade. While the company's 10-year median is 60.71 vs. the industry median of 50.03, Bulgarian Stock Exchange AD 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 Capital Markets company?
The median Gross Margin % among Capital Markets companies is 50.03, based on 620 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. Bulgarian Stock Exchange AD's current Gross Margin % of 62.99% is 25.9% 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 Bulgarian Stock Exchange AD and its competitors. For the Capital Markets industry, the median Gross Margin % is 50.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian Stock Exchange AD's current Gross Margin % is 62.99%, which is near median its own 10-year median of 60.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian Stock Exchange AD stock overvalued right now?
Based on GuruFocus' analysis, Bulgarian Stock Exchange AD (XBUL:BSE) is currently considered Possible Value Trap. The stock's GF Value™ is €9.82, compared to a current price of €6.92 — trading 29.5% below its estimated fair value. The current Gross Margin % is 62.99%, which is near median its 10-year median of 60.71 and 25.9% above the Capital Markets industry median of 50.03. Bulgarian Stock Exchange AD's overall GF Score™ is 79/100 with 7 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 Bulgarian Stock Exchange AD (XBUL:BSE), the current Gross Margin % is 62.99% 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 Bulgarian Stock Exchange AD (XBUL:BSE) Overvalued in 2026?
Based on GuruFocus' analysis, Bulgarian Stock Exchange AD stock appears to be undervalued.
The current stock price of €6.92 is trading 29.5% below its estimated GF Value™ of €9.82.
GuruFocus considers Bulgarian Stock Exchange AD to be Possible Value Trap.
Key valuation signals for XBUL:BSE:
Gross Margin %: 62.99% (near median its 10-year median of 60.71)
GF Value™: €9.82 vs. price of €6.92 (29.5% below fair value)
Industry Position: 25.9% above the Capital Markets median (#228 of 620)
No single metric tells the full story. See the XBUL:BSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bulgarian Stock Exchange AD is functioning stock exchange in Bulgaria. The principal activity of the group is to organize trade in securities and other financial instruments; organize and maintain an information system for security deals; and establish and maintain a clearing system. It has aggregated its operations into three reportable segments - Trading in Financial Instruments, Information Services, and Registration of Issues for Trading. It offers a wide range of RSS information services to serve the corporate clients, such as data-vendors, investment intermediaries, and issuers. The group performs their activities in Bulgaria only.
79GF Score
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