Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue.
Thantawan Industry PCL's Degree of Operating Leverage for the quarter that ended in Mar. 2026 was 33.74. The higher Degree of Operating Leverage, the higher operating risk the company will take.
The industry rank for Thantawan Industry PCL's Degree of Operating Leverage or its related term are showing as below:
BKK:THIP-R's Degree of Operating Leverage is ranked worse than 89.84% of 384
companies
in the Packaging & Containers industry
Industry Median: 1.17
vs BKK:THIP-R: 33.74
Thantawan Industry PCL (BKK:THIP-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.
Thantawan Industry PCL Degree of Operating Leverage Related Terms
Thantawan Industry PCL Degree of Operating Leverage Historical Data
* Premium members only.
The historical data trend for Thantawan Industry 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.
Thantawan Industry PCL Degree of Operating Leverage Chart
BKK:THIP-R vs SW, PKG, AMCR: Degree of Operating Leverage Comparison
For the Packaging & Containers subindustry, Thantawan Industry 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.
Thantawan Industry PCL Degree of Operating Leverage vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thantawan Industry PCL's Degree of Operating Leverage distribution charts can be found below:
* The bar in red indicates where Thantawan Industry PCL's Degree of Operating Leverage 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.
** 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 33.74 mean?
Thantawan Industry PCL (BKK:THIP-R) has a Degree of Operating Leverage of 33.74 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 Thantawan Industry PCL and its competitors. According to the industry distribution chart, Thantawan Industry PCL ranks #345 out of 384 companies in the Packaging & Containers industry, placing it in the top 89.8%.
Is Thantawan Industry PCL's Degree of Operating Leverage too high?
Thantawan Industry PCL's current Degree of Operating Leverage is 33.74. The Packaging & Containers industry median Degree of Operating Leverage is 1.17. Thantawan Industry PCL's value of 33.74 is 2783.8% above this industry median. Based on the distribution chart, Thantawan Industry PCL ranks #345 out of 384 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Thantawan Industry PCL has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Thantawan Industry PCL's Degree of Operating Leverage compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thantawan Industry PCL ranks #345 out of 384 companies for Degree of Operating Leverage. This places Thantawan Industry PCL in the lower half of its industry. The industry median Degree of Operating Leverage is 1.17. Thantawan Industry PCL's value of 33.74 is 2783.8% 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 a Packaging & Containers company?
The median Degree of Operating Leverage among Packaging & Containers companies is 1.17, based on 384 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. Thantawan Industry PCL's current Degree of Operating Leverage of 33.74 is 2783.8% 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 Thantawan Industry PCL and its competitors. For the Packaging & Containers industry, the median Degree of Operating Leverage is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thantawan Industry PCL's current Degree of Operating Leverage is 33.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thantawan Industry PCL stock overvalued right now?
Thantawan Industry PCL (BKK:THIP-R) has a current Degree of Operating Leverage of 33.74. The stock's GF Value™ is ฿36.74, compared to a current price of ฿23.00 — trading 37.4% below its estimated fair value. The current Degree of Operating Leverage is 33.74 and 2783.8% above the Packaging & Containers industry median of 1.17. Thantawan Industry PCL's overall GF Score™ is 72/100 with 6 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 Thantawan Industry PCL (BKK:THIP-R), the current Degree of Operating Leverage is 33.74 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.
Is Thantawan Industry PCL (BKK:THIP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thantawan Industry PCL stock appears to be undervalued.
The current stock price of ฿23.00 is trading 37.4% below its estimated GF Value™ of ฿36.74.
Key valuation signals for BKK:THIP-R:
Degree of Operating Leverage: 33.74
GF Value™: ฿36.74 vs. price of ฿23.00 (37.4% below fair value)
Industry Position: 2783.8% above the Packaging & Containers median (#345 of 384)
No single metric tells the full story. See the BKK:THIP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The Group manufactures and sells plastic products, which are divided into two main products: plastic bags and straw products. Other products are Zipper tape and resin scrap, etc. Key revenue is generated from Plastic bag. The geographical area of its operation is Thailand and Vietnam.
72GF Score
Get the complete analysis for BKK:THIP-R
Degree of Operating Leverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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