Partners Group Holding AGXSWX:PGHN -0.50%80 Gross Margin % is 83.34% as of Dec. 2025, which is 2% above its 10-year median of 81.55. GuruFocus rates XSWX:PGHN with a GF Score™ of 80/100 and a GF Value™ of CHF1,365.94 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 548 Asset Management companies, Partners Group Holding AG ranks better than 70.99% on this metric.
Partners Group Holding AG (XSWX:PGHN) 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
Partners Group Holding AG had a gross margin of 83.34% for the quarter that ended in Dec. 2025 => 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.
Partners Group Holding AG Gross Margin % Related Terms
Partners Group Holding AG 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.
XSWX:PGHN vs BLK, BX, KKR: Gross Margin % Comparison
For the Asset Management subindustry, Partners Group 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.
Partners Group Holding AG Gross Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Partners Group Holding AG's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Partners Group 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.
Partners Group Holding AG (XSWX:PGHN) has a Gross Margin % of 83.34% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Partners Group Holding AG and its competitors. This is near median its historical median of 81.55. Over the past decade, Partners Group Holding AG's Gross Margin % has ranged from 76.40 to 84.54. According to the industry distribution chart, Partners Group Holding AG ranks #159 out of 548 companies in the Asset Management industry, placing it in the top 29%.
Is Partners Group Holding AG's Gross Margin % too high?
Partners Group Holding AG's current Gross Margin % of 83.34% is near median its 10-year median of 81.55. Over the past 10 years, this metric has ranged from a low of 76.40 to a high of 84.54. The Asset Management industry median Gross Margin % is 57.90. Partners Group Holding AG's value of 83.34% is 43.9% above this industry median. Based on the distribution chart, Partners Group Holding AG ranks #159 out of 548 companies in the Asset Management industry, which is above the industry midpoint. Overall, Partners Group Holding AG has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Partners Group Holding AG's Gross Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Partners Group Holding AG ranks #159 out of 548 companies for Gross Margin %. This puts Partners Group Holding AG in the upper half of its industry. The industry median Gross Margin % is 57.90. Partners Group Holding AG's value of 83.34% is 43.9% above this benchmark. Historically, Partners Group Holding AG's own Gross Margin % has ranged from 76.40 to 84.54 over the past decade. While the company's 10-year median is 81.55 vs. the industry median of 57.90, Partners Group 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 Asset Management company?
The median Gross Margin % among Asset Management companies is 57.90, based on 548 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. Partners Group Holding AG's current Gross Margin % of 83.34% is 43.9% 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 Partners Group Holding AG and its competitors. For the Asset Management industry, the median Gross Margin % is 57.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Partners Group Holding AG's current Gross Margin % is 83.34%, which is near median its own 10-year median of 81.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Partners Group Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Partners Group Holding AG (XSWX:PGHN) is currently considered Significantly Undervalued. The stock's GF Value™ is CHF1,365.94, compared to a current price of CHF678.20 — trading 50.3% below its estimated fair value. The current Gross Margin % is 83.34%, which is near median its 10-year median of 81.55 and 43.9% above the Asset Management industry median of 57.90. Partners Group Holding AG's overall GF Score™ is 80/100 with 4 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 Partners Group Holding AG (XSWX:PGHN), the current Gross Margin % is 83.34% 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 Partners Group Holding AG (XSWX:PGHN) Overvalued in 2026?
Based on GuruFocus' analysis, Partners Group Holding AG stock appears to be undervalued.
The current stock price of CHF678.20 is trading 50.3% below its estimated GF Value™ of CHF1,365.94.
GuruFocus considers Partners Group Holding AG to be Significantly Undervalued.
Key valuation signals for XSWX:PGHN:
Gross Margin %: 83.34% (near median its 10-year median of 81.55)
GF Value™: CHF1,365.94 vs. price of CHF678.20 (50.3% below fair value)
Industry Position: 43.9% above the Asset Management median (#159 of 548)
No single metric tells the full story. See the XSWX:PGHN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Partners Group is a Swiss-based global alternative asset manager founded in 1996. It manages funds invested in private equity, private credit, real estate, and infrastructure. Most of Partners Group's assets are invested in Europe and the Americas, with a smaller exposure to Asia and the Middle East. Partners Group operates a differentiated business model, offering bespoke client solutions through diversified portfolios tailored to each client individually, semiliquid open-ended funds, alongside traditional closed-end funds.
80GF Score
Get the complete analysis for XSWX:PGHN
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:PGHN has been successfully added to your 
