GAM Holding AGXSWX:GAM Gross Margin % is -10.10% as of Dec. 2025. The stock has 6 warning signs investors should review. Among 553 Asset Management companies, GAM Holding AG ranks worse than 90.96% on this metric.
The historical rank and industry rank for GAM Holding AG's Gross Margin % or its related term are showing as below:
XSWX:GAM'
s Gross Margin % Range Over the Past 10 Years
Min: -0.87 Med: 18.43 Max: 31.86
Current: -0.87
During the past 13 years, the highestGross Margin % of GAM Holding AG was 31.86%. The lowest was -0.87%. And the median was 18.43%.
XSWX:GAM's Gross Margin % is ranked worse than 90.96% of 553
companies
in the Asset Management industry
Industry Median: 58.27
vs XSWX:GAM: -0.87
GAM Holding AG had a gross margin of -10.10% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for GAM Holding AG was 0.00% per year.
GAM Holding AG (XSWX:GAM) 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
GAM Holding AG had a gross margin of -10.10% for the quarter that ended in Dec. 2025 => 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.
GAM Holding AG Gross Margin % Related Terms
GAM Holding AG Gross Margin % Historical Data
* Premium members only.
The historical data trend for GAM Holding AG'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.
XSWX:GAM vs BLK, BX, KKR: Gross Margin % Comparison
For the Asset Management subindustry, GAM Holding AG'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.
GAM Holding AG Gross Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, GAM Holding AG's Gross Margin % distribution charts can be found below:
* The bar in red indicates where GAM Holding AG'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.
GAM Holding AG (XSWX:GAM) has a Gross Margin % of -10.10% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on GAM Holding AG and its competitors. According to the industry distribution chart, GAM Holding AG ranks #503 out of 553 companies in the Asset Management industry, placing it in the top 91%.
Is GAM Holding AG's Gross Margin % too high?
GAM Holding AG's current Gross Margin % is -10.10%. Based on the distribution chart, GAM Holding AG ranks #503 out of 553 companies in the Asset Management industry, which is in the bottom quartile relative to peers.
How does GAM Holding AG's Gross Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, GAM Holding AG ranks #503 out of 553 companies for Gross Margin %. This places GAM Holding AG in the lower half of its industry. The industry median Gross Margin % is 58.27. 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 an Asset Management company?
The median Gross Margin % among Asset Management companies is 58.27, based on 553 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. 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 GAM Holding AG and its competitors. For the Asset Management industry, the median Gross Margin % is 58.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GAM Holding AG's current Gross Margin % is -10.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GAM Holding AG stock overvalued right now?
Based on GuruFocus' analysis, GAM Holding AG (XSWX:GAM) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF0.01, compared to a current price of CHF0.07 — trading 572% above its estimated fair value. The current Gross Margin % is -10.10%. 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 GAM Holding AG (XSWX:GAM), the current Gross Margin % is -10.10% as of Dec. 2025. 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.
GAM Holding AG is a asset manager with products that cater to institutions, intermediaries, and private clients.The company offers risk-rated, flexible solution, absolute return strategies across an array of asset classes and strategies. The company provides Asset management services through the GAM and Julius Bae brands and includes investment advice from internal and external professionals.
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