STP&I PCL (BKK:STPI-R) Degree of Operating Leverage : 3.74 (As of Mar. 2026)


What is STP&I PCL Degree of Operating Leverage?

STP&I PCL BKK:STPI-R 57 Degree of Operating Leverage is 3.74 as of Mar. 2026. GuruFocus rates BKK:STPI-R with a GF Score™ of 57/100. The stock has 4 warning signs investors should review. Among 2,986 Industrial Products companies, STP&I PCL ranks worse than 71.9% on this metric.

Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. STP&I PCL's Degree of Operating Leverage for the quarter that ended in Mar. 2026 was 3.74. The higher Degree of Operating Leverage, the higher operating risk the company will take.

The industry rank for STP&I PCL's Degree of Operating Leverage or its related term are showing as below:

BKK:STPI-R's Degree of Operating Leverage is ranked worse than
71.9% of 2986 companies
in the Industrial Products industry
Industry Median: 1.065 vs BKK:STPI-R: 3.74

STP&I PCL  (BKK:STPI-R) Degree of Operating Leverage Explanation

Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.

A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.

Be Aware

The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.


STP&I PCL Degree of Operating Leverage Related Terms


STP&I PCL Degree of Operating Leverage Historical Data

* Premium members only.

The historical data trend for STP&I PCL's Degree of Operating Leverage 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.

STP&I PCL Degree of Operating Leverage Chart

STP&I PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Degree of Operating Leverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.16 -1.96 -60.27 -0.82 3.16

STP&I PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Degree of Operating Leverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.10 1.08 301.12 3.16 3.74

BKK:STPI-R vs CRS, ATI, MLI: Degree of Operating Leverage Comparison

For the Metal Fabrication subindustry, STP&I PCL's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage 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.


STP&I PCL Degree of Operating Leverage vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, STP&I PCL's Degree of Operating Leverage distribution charts can be found below:

* The bar in red indicates where STP&I PCL's Degree of Operating Leverage falls into.



STP&I PCL Degree of Operating Leverage Calculation

STP&I PCL's Degree of Operating Leverage for the quarter that ended in Mar. 2026 is calculated as:

Degree of Operating Leverage=% Change in EBIT**/% Change in Revenue
=( 377.231 (Mar. 2026) / 135.55 (Mar. 2025) - 1 )/( 3235.618 (Mar. 2026) / 2191.078 (Mar. 2025) - 1 )
=1.783/0.4767
=3.74***

* 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.

** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

What does a Degree of Operating Leverage of 3.74 mean?
STP&I PCL (BKK:STPI-R) has a Degree of Operating Leverage of 3.74 as of Mar. 2026. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for STP&I PCL and its competitors. According to the industry distribution chart, STP&I PCL ranks #2147 out of 2986 companies in the Industrial Products industry, placing it in the top 71.9%.
Is STP&I PCL's Degree of Operating Leverage too high?
STP&I PCL's current Degree of Operating Leverage is 3.74. The Industrial Products industry median Degree of Operating Leverage is 1.07. STP&I PCL's value of 3.74 is 251.2% above this industry median. Based on the distribution chart, STP&I PCL ranks #2147 out of 2986 companies in the Industrial Products industry, which is below the industry midpoint. Overall, STP&I PCL has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does STP&I PCL's Degree of Operating Leverage compare to CRS and ATI?
According to the Industrial Products industry distribution chart, STP&I PCL ranks #2147 out of 2986 companies for Degree of Operating Leverage. This places STP&I PCL in the lower half of its industry. The industry median Degree of Operating Leverage is 1.07. STP&I PCL's value of 3.74 is 251.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Degree of Operating Leverage for an Industrial Products company?
The median Degree of Operating Leverage among Industrial Products companies is 1.07, based on 2,986 companies in the industry. Companies in the top quartile (top 25%) have a Degree of Operating Leverage significantly above this median, while those in the bottom quartile fall well below. However, Degree of Operating Leverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. STP&I PCL's current Degree of Operating Leverage of 3.74 is 251.2% 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 Degree of Operating Leverage mean?
A high Degree of Operating Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for STP&I PCL and its competitors. For the Industrial Products industry, the median Degree of Operating Leverage is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. STP&I PCL's current Degree of Operating Leverage is 3.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is STP&I PCL stock overvalued right now?
STP&I PCL (BKK:STPI-R) has a current Degree of Operating Leverage of 3.74. The current Degree of Operating Leverage is 3.74 and 251.2% above the Industrial Products industry median of 1.07. STP&I PCL's overall GF Score™ is 57/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Operating Leverage calculated?
Degree of Operating Leverage is calculated from a company's financial statements. For STP&I PCL (BKK:STPI-R), the current Degree of Operating Leverage is 3.74 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.

STP&I PCL Business Description

Other Exchanges STPI:Thailand
Address Sukhumvit 21 Road (Asoke), 32/24, 3rd Floor, Sino-Thai Tower, Kwaeng Klongtoey Nua, Khet Wattana, Bangkok, THA, 10110
STP&I PCL is engaged in steel fabrication work, and the manufacture of boilers and pressure vessels. Its products include Steel structure, Piping, Module providing services to engineering, fabrication and construction sectors. The company operates in five reportable segments namely, The fabrication work for construction and industrial purpose, Sale of electricity and servicing of electricity, Rental of property, and production and Distribution of hemp products. It has a business presence in Thailand, Spain, Japan, England, Sri Lanka and other countries.