Kardex Holding AGXSWX:KARN -1.95%98 Gross Margin % is 34.05% as of Dec. 2025, which is 5% below its 10-year median of 35.84. GuruFocus rates XSWX:KARN with a GF Score™ of 98/100 and a GF Value™ of CHF305.03 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,998 Industrial Products companies, Kardex Holding AG ranks better than 67.78% on this metric.
Kardex Holding AG gross margin has been in long-term decline. The average rate of decline per year is -1.2%.
The historical rank and industry rank for Kardex Holding AG's Gross Margin % or its related term are showing as below:
XSWX:KARN'
s Gross Margin % Range Over the Past 10 Years
Min: 31.42 Med: 35.84 Max: 37.05
Current: 34.09
During the past 13 years, the highestGross Margin % of Kardex Holding AG was 37.05%. The lowest was 31.42%. And the median was 35.84%.
XSWX:KARN's Gross Margin % is ranked better than 67.78% of 2998
companies
in the Industrial Products industry
Industry Median: 26.82
vs XSWX:KARN: 34.09
Kardex Holding AG had a gross margin of 34.05% for the quarter that ended in Dec. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Kardex Holding AG was -1.20% per year.
Kardex Holding AG (XSWX:KARN) 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
Kardex Holding AG had a gross margin of 34.05% for the quarter that ended in Dec. 2025 => 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.
Kardex Holding AG Gross Margin % Related Terms
Kardex Holding AG Gross Margin % Historical Data
* Premium members only.
The historical data trend for Kardex 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:KARN vs GEV, ETN, PH: Gross Margin % Comparison
For the Specialty Industrial Machinery subindustry, Kardex 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.
Kardex Holding AG Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kardex Holding AG's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Kardex 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.
Kardex Holding AG (XSWX:KARN) has a Gross Margin % of 34.05% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Kardex Holding AG and its competitors. This is near median its historical median of 35.84. Over the past decade, Kardex Holding AG's Gross Margin % has ranged from 31.42 to 37.05. According to the industry distribution chart, Kardex Holding AG ranks #966 out of 2998 companies in the Industrial Products industry, placing it in the top 32.2%.
Is Kardex Holding AG's Gross Margin % too high?
Kardex Holding AG's current Gross Margin % of 34.05% is near median its 10-year median of 35.84. Over the past 10 years, this metric has ranged from a low of 31.42 to a high of 37.05. The Industrial Products industry median Gross Margin % is 26.82. Kardex Holding AG's value of 34.05% is 27% above this industry median. Based on the distribution chart, Kardex Holding AG ranks #966 out of 2998 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Kardex Holding AG has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kardex Holding AG's Gross Margin % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kardex Holding AG ranks #966 out of 2998 companies for Gross Margin %. This puts Kardex Holding AG in the upper half of its industry. The industry median Gross Margin % is 26.82. Kardex Holding AG's value of 34.05% is 27% above this benchmark. Historically, Kardex Holding AG's own Gross Margin % has ranged from 31.42 to 37.05 over the past decade. While the company's 10-year median is 35.84 vs. the industry median of 26.82, Kardex Holding AG 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 an Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.82, based on 2,998 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. Kardex Holding AG's current Gross Margin % of 34.05% is 27% 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 Kardex Holding AG and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kardex Holding AG's current Gross Margin % is 34.05%, which is near median its own 10-year median of 35.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kardex Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Kardex Holding AG (XSWX:KARN) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF305.03, compared to a current price of CHF226.50 — trading 25.7% below its estimated fair value. The current Gross Margin % is 34.05%, which is near median its 10-year median of 35.84 and 27% above the Industrial Products industry median of 26.82. Kardex Holding AG's overall GF Score™ is 98/100 with 3 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 Kardex Holding AG (XSWX:KARN), the current Gross Margin % is 34.05% 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.
Is Kardex Holding AG (XSWX:KARN) Overvalued in 2026?
Based on GuruFocus' analysis, Kardex Holding AG stock appears to be undervalued.
The current stock price of CHF226.50 is trading 25.7% below its estimated GF Value™ of CHF305.03.
GuruFocus considers Kardex Holding AG to be Modestly Undervalued.
Key valuation signals for XSWX:KARN:
Gross Margin %: 34.05% (near median its 10-year median of 35.84)
GF Value™: CHF305.03 vs. price of CHF226.50 (25.7% below fair value)
Industry Position: 27% above the Industrial Products median (#966 of 2998)
No single metric tells the full story. See the XSWX:KARN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kardex Holding AG is a partner for intralogistics solutions. The Group offers premium automated products, standardized systems, and life cycle services and provides dynamic storage and retrieval systems, integrated material handling systems, small parts storage systems including multi-shuttle technology, automated high-bay warehouses, and flexible and modular storage and order fulfillment solutions as an AutoStore partner. It is organized into two reporting segments: Automated Products, which generates maximum revenue, and Standardized Systems. Automated Products consists of the Business Unit Kardex Remstar, while Standardized Systems includes the Business Units Kardex Mlog, Kardex AS Solutions, and Rocket Solution. The company operates in Europe, the Americas, and Asia-Pacific.
98GF Score
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