White Horse BhdXKLS:5009 +5.49%32 Gross Margin % is 13.03% as of Mar. 2026, which is 22% below its 10-year median of 16.80. GuruFocus rates XKLS:5009 with a GF Score™ of 32/100 and a GF Value™ of RM0.59 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 396 Building Materials companies, White Horse Bhd ranks worse than 71.46% on this metric.
The historical rank and industry rank for White Horse Bhd's Gross Margin % or its related term are showing as below:
XKLS:5009'
s Gross Margin % Range Over the Past 10 Years
Min: 9.94 Med: 16.8 Max: 25.33
Current: 18.12
During the past 13 years, the highestGross Margin % of White Horse Bhd was 25.33%. The lowest was 9.94%. And the median was 16.80%.
XKLS:5009's Gross Margin % is ranked worse than 71.46% of 396
companies
in the Building Materials industry
Industry Median: 26.155
vs XKLS:5009: 18.12
White Horse Bhd had a gross margin of 13.03% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for White Horse Bhd was 10.10% per year.
White Horse Bhd (XKLS:5009) 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
White Horse Bhd had a gross margin of 13.03% 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.
White Horse Bhd Gross Margin % Related Terms
White Horse Bhd Gross Margin % Historical Data
* Premium members only.
The historical data trend for White Horse Bhd'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.
XKLS:5009 vs CRH, VMC, MLM: Gross Margin % Comparison
For the Building Materials subindustry, White Horse Bhd'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.
White Horse Bhd Gross Margin % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, White Horse Bhd's Gross Margin % distribution charts can be found below:
* The bar in red indicates where White Horse Bhd'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.
White Horse Bhd (XKLS:5009) has a Gross Margin % of 13.03% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on White Horse Bhd and its competitors. This is 22% below median its historical median of 16.80. Over the past decade, White Horse Bhd's Gross Margin % has ranged from 9.94 to 25.33. According to the industry distribution chart, White Horse Bhd ranks #283 out of 396 companies in the Building Materials industry, placing it in the top 71.5%.
Is White Horse Bhd's Gross Margin % too high?
White Horse Bhd's current Gross Margin % of 13.03% is 22% below median its 10-year median of 16.80. Over the past 10 years, this metric has ranged from a low of 9.94 to a high of 25.33. The Building Materials industry median Gross Margin % is 26.16. White Horse Bhd's value of 13.03% is 50.2% below this industry median. Based on the distribution chart, White Horse Bhd ranks #283 out of 396 companies in the Building Materials industry, which is below the industry midpoint. Overall, White Horse Bhd has a GF Score™ of 32/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does White Horse Bhd's Gross Margin % compare to CRH and VMC?
According to the Building Materials industry distribution chart, White Horse Bhd ranks #283 out of 396 companies for Gross Margin %. This places White Horse Bhd in the lower half of its industry. The industry median Gross Margin % is 26.16. White Horse Bhd's value of 13.03% is 50.2% below this benchmark. Historically, White Horse Bhd's own Gross Margin % has ranged from 9.94 to 25.33 over the past decade. While the company's 10-year median is 16.80 vs. the industry median of 26.16, White Horse Bhd 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 Building Materials company?
The median Gross Margin % among Building Materials companies is 26.16, based on 396 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. White Horse Bhd's current Gross Margin % of 13.03% is 50.2% 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 White Horse Bhd and its competitors. For the Building Materials industry, the median Gross Margin % is 26.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. White Horse Bhd's current Gross Margin % is 13.03%, which is 22% below median its own 10-year median of 16.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is White Horse Bhd stock overvalued right now?
Based on GuruFocus' analysis, White Horse Bhd (XKLS:5009) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.59, compared to a current price of RM0.48 — trading 18.6% below its estimated fair value. The current Gross Margin % is 13.03%, which is 22% below median its 10-year median of 16.80 and 50.2% below the Building Materials industry median of 26.16. White Horse Bhd's overall GF Score™ is 32/100 with 2 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 White Horse Bhd (XKLS:5009), the current Gross Margin % is 13.03% 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 White Horse Bhd (XKLS:5009) Overvalued in 2026?
Based on GuruFocus' analysis, White Horse Bhd stock appears to be undervalued.
The current stock price of RM0.48 is trading 18.6% below its estimated GF Value™ of RM0.59.
GuruFocus considers White Horse Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:5009:
Gross Margin %: 13.03% (22% below median its 10-year median of 16.80)
GF Value™: RM0.59 vs. price of RM0.48 (18.6% below fair value)
Industry Position: 50.2% below the Building Materials median (#283 of 396)
No single metric tells the full story. See the XKLS:5009 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
White Horse Bhd. is an investment holding company, which is engaged in the manufacturing of ceramic wall, floor tiles and the provision of management services. Its segments include Malaysia, Vietnam, and Others. The Malaysia segment includes the manufacturing and distribution of ceramic homogenous tiles in Malaysia. The Vietnam segment includes the manufacturing and distribution of ceramic homogenous tiles in Vietnam. The other segments include the distribution of ceramic homogenous tiles in Indonesia, the Philippine, Singapore, and Thailand, and China. The product portfolio of the group consists of ceramic wall tiles, ceramic floor tiles and porcelain tiles. It generates the majority of revenue from the Malaysian segment.
32GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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