Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
VGI PCLBKK:VGI-R 66 Degree of Operating Leverage is 32.52 as of Mar. 2026. GuruFocus rates BKK:VGI-R with a GF Score™ of 66/100 and a GF Value™ of ฿0.93. The stock has 4 warning signs investors should review. Among 541 Conglomerates companies, VGI PCL ranks worse than 95.01% on this metric.
Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue.
VGI PCL's Degree of Operating Leverage for the quarter that ended in Mar. 2026 was 32.52. The higher Degree of Operating Leverage, the higher operating risk the company will take.
The industry rank for VGI PCL's Degree of Operating Leverage or its related term are showing as below:
BKK:VGI-R's Degree of Operating Leverage is ranked worse than 95.01% of 541
companies
in the Conglomerates industry
Industry Median: 0.98
vs BKK:VGI-R: 32.52
VGI PCL (BKK:VGI-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.
VGI PCL Degree of Operating Leverage Related Terms
VGI PCL Degree of Operating Leverage Historical Data
* Premium members only.
The historical data trend for VGI 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.
BKK:VGI-R vs HON, MMM: Degree of Operating Leverage Comparison
For the Conglomerates subindustry, VGI 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.
VGI PCL Degree of Operating Leverage vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, VGI PCL's Degree of Operating Leverage distribution charts can be found below:
* The bar in red indicates where VGI 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 32.52 mean?
VGI PCL (BKK:VGI-R) has a Degree of Operating Leverage of 32.52 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 VGI PCL and its competitors. According to the industry distribution chart, VGI PCL ranks #514 out of 541 companies in the Conglomerates industry, placing it in the top 95%.
Is VGI PCL's Degree of Operating Leverage too high?
VGI PCL's current Degree of Operating Leverage is 32.52. The Conglomerates industry median Degree of Operating Leverage is 0.98. VGI PCL's value of 32.52 is 3218.4% above this industry median. Based on the distribution chart, VGI PCL ranks #514 out of 541 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, VGI PCL has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does VGI PCL's Degree of Operating Leverage compare to HON and MMM?
According to the Conglomerates industry distribution chart, VGI PCL ranks #514 out of 541 companies for Degree of Operating Leverage. This places VGI PCL in the lower half of its industry. The industry median Degree of Operating Leverage is 0.98. VGI PCL's value of 32.52 is 3218.4% 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 Conglomerates company?
The median Degree of Operating Leverage among Conglomerates companies is 0.98, based on 541 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. VGI PCL's current Degree of Operating Leverage of 32.52 is 3218.4% 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 VGI PCL and its competitors. For the Conglomerates industry, the median Degree of Operating Leverage is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VGI PCL's current Degree of Operating Leverage is 32.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VGI PCL stock overvalued right now?
VGI PCL (BKK:VGI-R) has a current Degree of Operating Leverage of 32.52. The stock's GF Value™ is ฿0.93, compared to a current price of ฿0.83 — trading 10.8% below its estimated fair value. The current Degree of Operating Leverage is 32.52 and 3218.4% above the Conglomerates industry median of 0.98. VGI PCL's overall GF Score™ is 66/100 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 VGI PCL (BKK:VGI-R), the current Degree of Operating Leverage is 32.52 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 VGI PCL (BKK:VGI-R) Overvalued in 2026?
Based on GuruFocus' analysis, VGI PCL stock appears to be undervalued.
The current stock price of ฿0.83 is trading 10.8% below its estimated GF Value™ of ฿0.93.
Key valuation signals for BKK:VGI-R:
Degree of Operating Leverage: 32.52
GF Value™: ฿0.93 vs. price of ฿0.83 (10.8% below fair value)
Industry Position: 3218.4% above the Conglomerates median (#514 of 541)
No single metric tells the full story. See the BKK:VGI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VGI PCL is principally engaged in the arrangement and provision of advertising services in BTS stations, inside BTS trains, on BTS train bodies, in office buildings, and other spaces and the rental at BTS stations.is organised into business units based on the services it provides, and there are four reportable segments as follows: the Transit segment, the Digital service segment, the Distribution segment, and the Other segment. The majority of the revenue is derived from the Transit segment, which provision of advertising services in BTS stations, inside BTS trains, on BTS train bodies, on BTS Column and the rental of retail space at BTS stations. Geographically, the company operates in Thailand.
66GF Score
Get the complete analysis for BKK:VGI-R
Degree of Operating Leverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:VGI-R has been successfully added to your 
