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Vanachai Group PCLBKK:VNG-R 63 Degree of Operating Leverage is 13.90 as of Jun. 2026. GuruFocus rates BKK:VNG-R with a GF Score™ of 63/100 and a GF Value™ of ฿2.02 (Fairly Valued). The stock has 7 warning signs investors should review. Among 277 Forest Products companies, Vanachai Group PCL ranks worse than 82.31% on this metric.
Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue.
Vanachai Group PCL's Degree of Operating Leverage for the quarter that ended in Jun. 2026 was 13.90. The higher Degree of Operating Leverage, the higher operating risk the company will take.
The industry rank for Vanachai Group PCL's Degree of Operating Leverage or its related term are showing as below:
BKK:VNG-R's Degree of Operating Leverage is ranked worse than 82.31% of 277
companies
in the Forest Products industry
Industry Median: 1.12
vs BKK:VNG-R: 13.90
Vanachai Group PCL (BKK:VNG-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.
Vanachai Group PCL Degree of Operating Leverage Related Terms
Vanachai Group PCL Degree of Operating Leverage Historical Data
* Premium members only.
The historical data trend for Vanachai Group 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.
Vanachai Group PCL Degree of Operating Leverage Chart
BKK:VNG-R vs SSD, UFPI, BCC: Degree of Operating Leverage Comparison
For the Lumber & Wood Production subindustry, Vanachai Group 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.
Vanachai Group PCL Degree of Operating Leverage vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Vanachai Group PCL's Degree of Operating Leverage distribution charts can be found below:
* The bar in red indicates where Vanachai Group 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 13.90 mean?
Vanachai Group PCL (BKK:VNG-R) has a Degree of Operating Leverage of 13.90 as of Jun. 2026. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Vanachai Group PCL and its competitors. According to the industry distribution chart, Vanachai Group PCL ranks #228 out of 277 companies in the Forest Products industry, placing it in the top 82.3%.
Is Vanachai Group PCL's Degree of Operating Leverage too high?
Vanachai Group PCL's current Degree of Operating Leverage is 13.90. The Forest Products industry median Degree of Operating Leverage is 1.12. Vanachai Group PCL's value of 13.90 is 1141.1% above this industry median. Based on the distribution chart, Vanachai Group PCL ranks #228 out of 277 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Vanachai Group PCL has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vanachai Group PCL's Degree of Operating Leverage compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Vanachai Group PCL ranks #228 out of 277 companies for Degree of Operating Leverage. This places Vanachai Group PCL in the lower half of its industry. The industry median Degree of Operating Leverage is 1.12. Vanachai Group PCL's value of 13.90 is 1141.1% 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 Forest Products company?
The median Degree of Operating Leverage among Forest Products companies is 1.12, based on 277 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. Vanachai Group PCL's current Degree of Operating Leverage of 13.90 is 1141.1% 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 Vanachai Group PCL and its competitors. For the Forest Products industry, the median Degree of Operating Leverage is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vanachai Group PCL's current Degree of Operating Leverage is 13.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vanachai Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Vanachai Group PCL (BKK:VNG-R) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.02, compared to a current price of ฿1.97 — trading 2.5% below its estimated fair value. The current Degree of Operating Leverage is 13.90 and 1141.1% above the Forest Products industry median of 1.12. Vanachai Group PCL's overall GF Score™ is 63/100 with 7 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 Vanachai Group PCL (BKK:VNG-R), the current Degree of Operating Leverage is 13.90 as of Jun. 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 Vanachai Group PCL (BKK:VNG-R) Overvalued in 2026?
Based on GuruFocus' analysis, Vanachai Group PCL stock appears to be undervalued.
The current stock price of ฿1.97 is trading 2.5% below its estimated GF Value™ of ฿2.02.
GuruFocus considers Vanachai Group PCL to be Fairly Valued.
Key valuation signals for BKK:VNG-R:
Degree of Operating Leverage: 13.90
GF Value™: ฿2.02 vs. price of ฿1.97 (2.5% below fair value)
Industry Position: 1141.1% above the Forest Products median (#228 of 277)
No single metric tells the full story. See the BKK:VNG-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vanachai Group PCL is a Thailand-based company. The principal activities of the company and its subsidiaries involve the production and distribution of wood plates, MDF boards, Particle boards, Doorskin, and Malamine on wood plates. The company creates wood-based goods such as particleboards, medium-density fiberboards (MDF boards), Doorskin, and melamine laminated particleboards, which are distributed to both domestic and international markets. It also sells finished products that include melamine doors, door frames, resins, formaldehyde adhesives, and finished flooring. The company generates the vast majority of its revenue in Thailand.
63GF Score
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