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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
National Carton IndustryXPAE:NCI 100 Gross Margin % is 35.66% as of Mar. 2026, which is 34% above its 10-year median of 26.54. GuruFocus rates XPAE:NCI with a GF Score™ of 100/100 and a GF Value™ of $2.49 (Fairly Valued). The stock has 5 warning signs investors should review. Among 390 Packaging & Containers companies, National Carton Industry ranks better than 76.41% on this metric.
XPAE:NCI's Gross Margin % is ranked better than 76.41% of 390
companies
in the Packaging & Containers industry
Industry Median: 21.52
vs XPAE:NCI: 32.90
National Carton Industry had a gross margin of 35.66% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for National Carton Industry was -2.80% per year.
National Carton Industry (XPAE:NCI) 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
National Carton Industry had a gross margin of 35.66% 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.
National Carton Industry Gross Margin % Related Terms
National Carton Industry 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.
XPAE:NCI vs SW, PKG, IP: Gross Margin % Comparison
For the Packaging & Containers subindustry, National Carton Industry'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.
National Carton Industry Gross Margin % vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, National Carton Industry's Gross Margin % distribution charts can be found below:
* The bar in red indicates where National Carton Industry'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.
National Carton Industry (XPAE:NCI) has a Gross Margin % of 35.66% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on National Carton Industry and its competitors. This is 34% above median its historical median of 26.54. Over the past decade, National Carton Industry's Gross Margin % has ranged from 17.09 to 38.27. According to the industry distribution chart, National Carton Industry ranks #92 out of 390 companies in the Packaging & Containers industry, placing it in the top 23.6%.
Is National Carton Industry's Gross Margin % too high?
National Carton Industry's current Gross Margin % of 35.66% is 34% above median its 10-year median of 26.54. Over the past 10 years, this metric has ranged from a low of 17.09 to a high of 38.27. The Packaging & Containers industry median Gross Margin % is 21.52. National Carton Industry's value of 35.66% is 65.7% above this industry median. Based on the distribution chart, National Carton Industry ranks #92 out of 390 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, National Carton Industry has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Carton Industry's Gross Margin % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, National Carton Industry ranks #92 out of 390 companies for Gross Margin %. This places National Carton Industry in the top 24% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 21.52. National Carton Industry's value of 35.66% is 65.7% above this benchmark. Historically, National Carton Industry's own Gross Margin % has ranged from 17.09 to 38.27 over the past decade. While the company's 10-year median is 26.54 vs. the industry median of 21.52, National Carton Industry 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 Packaging & Containers company?
The median Gross Margin % among Packaging & Containers companies is 21.52, based on 390 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. National Carton Industry's current Gross Margin % of 35.66% is 65.7% 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 National Carton Industry and its competitors. For the Packaging & Containers industry, the median Gross Margin % is 21.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Carton Industry's current Gross Margin % is 35.66%, which is 34% above median its own 10-year median of 26.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Carton Industry stock overvalued right now?
Based on GuruFocus' analysis, National Carton Industry (XPAE:NCI) is currently considered Fairly Valued. The stock's GF Value™ is $2.49, compared to a current price of $2.55 — trading 2.4% above its estimated fair value. The current Gross Margin % is 35.66%, which is 34% above median its 10-year median of 26.54 and 65.7% above the Packaging & Containers industry median of 21.52. National Carton Industry's overall GF Score™ is 100/100 with 5 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 National Carton Industry (XPAE:NCI), the current Gross Margin % is 35.66% 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 National Carton Industry (XPAE:NCI) Overvalued in 2026?
Based on GuruFocus' analysis, National Carton Industry stock appears to be overvalued.
The current stock price of $2.55 is trading 2.4% above its estimated GF Value™ of $2.49.
GuruFocus considers National Carton Industry to be Fairly Valued.
Key valuation signals for XPAE:NCI:
Gross Margin %: 35.66% (34% above median its 10-year median of 26.54)
GF Value™: $2.49 vs. price of $2.55 (2.4% above fair value)
Industry Position: 65.7% above the Packaging & Containers median (#92 of 390)
No single metric tells the full story. See the XPAE:NCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Carton Industry is a manufacturer of Closed and Open carton boxes based in Palestine. It produces mainly three types of Carton boxes. Furniture Corrugation carton boxes, Closed carton boxes, and Opened carton boxes.
100GF Score
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