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Thai Oil PCLTOIPY 74 Degree of Operating Leverage is 161.88 as of Jun. 2026. GuruFocus rates TOIPY with a GF Score™ of 74/100 and a GF Value™ of $13.97 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 901 Oil & Gas companies, Thai Oil PCL ranks worse than 98% on this metric.
Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue.
Thai Oil PCL's Degree of Operating Leverage for the quarter that ended in Jun. 2026 was 161.88. The higher Degree of Operating Leverage, the higher operating risk the company will take.
The industry rank for Thai Oil PCL's Degree of Operating Leverage or its related term are showing as below:
TOIPY's Degree of Operating Leverage is ranked worse than 98% of 901
companies
in the Oil & Gas industry
Industry Median: 0.89
vs TOIPY: 161.88
Thai Oil PCL (OTCPK:TOIPY) 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.
Thai Oil PCL Degree of Operating Leverage Related Terms
Thai Oil PCL Degree of Operating Leverage Historical Data
* Premium members only.
The historical data trend for Thai Oil 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.
TOIPY vs MPC, VLO, PSX: Degree of Operating Leverage Comparison
For the Oil & Gas Refining & Marketing subindustry, Thai Oil 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.
Thai Oil PCL Degree of Operating Leverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Thai Oil PCL's Degree of Operating Leverage distribution charts can be found below:
* The bar in red indicates where Thai Oil 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 161.88 mean?
Thai Oil PCL (TOIPY) has a Degree of Operating Leverage of 161.88 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 Thai Oil PCL and its competitors. According to the industry distribution chart, Thai Oil PCL ranks #883 out of 901 companies in the Oil & Gas industry, placing it in the top 98%.
Is Thai Oil PCL's Degree of Operating Leverage too high?
Thai Oil PCL's current Degree of Operating Leverage is 161.88. The Oil & Gas industry median Degree of Operating Leverage is 0.89. Thai Oil PCL's value of 161.88 is 18088.8% above this industry median. Based on the distribution chart, Thai Oil PCL ranks #883 out of 901 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Thai Oil PCL has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Oil PCL's Degree of Operating Leverage compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Thai Oil PCL ranks #883 out of 901 companies for Degree of Operating Leverage. This places Thai Oil PCL in the lower half of its industry. The industry median Degree of Operating Leverage is 0.89. Thai Oil PCL's value of 161.88 is 18088.8% 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 an Oil & Gas company?
The median Degree of Operating Leverage among Oil & Gas companies is 0.89, based on 901 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. Thai Oil PCL's current Degree of Operating Leverage of 161.88 is 18088.8% 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 Thai Oil PCL and its competitors. For the Oil & Gas industry, the median Degree of Operating Leverage is 0.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Oil PCL's current Degree of Operating Leverage is 161.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Oil PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Oil PCL (TOIPY) is currently considered Modestly Overvalued. The stock's GF Value™ is $13.97, compared to a current price of $17.85 — trading 27.8% above its estimated fair value. The current Degree of Operating Leverage is 161.88 and 18088.8% above the Oil & Gas industry median of 0.89. Thai Oil PCL's overall GF Score™ is 74/100 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 Thai Oil PCL (TOIPY), the current Degree of Operating Leverage is 161.88 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 Thai Oil PCL (TOIPY) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Oil PCL stock appears to be overvalued.
The current stock price of $17.85 is trading 27.8% above its estimated GF Value™ of $13.97.
GuruFocus considers Thai Oil PCL to be Modestly Overvalued.
Key valuation signals for TOIPY:
Degree of Operating Leverage: 161.88
GF Value™: $13.97 vs. price of $17.85 (27.8% above fair value)
Industry Position: 18088.8% above the Oil & Gas median (#883 of 901)
No single metric tells the full story. See the TOIPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Oil PCL operates an integrated business in oil refining and petrochemicals business. The company is engaged in oil refinery and distribution, petrochemicals, lube base oil and other businesses in domestic and overseas. It operates in the following reportable segments: Oil refinery, Lube base oil refinery, Aromatics and LAB, Solvent, Power generation, Ethanol, Olefins, and Others. The majority of the company's revenue is derived from the Oil refinery segment. Geographically, it generates the maximum revenue from Thailand, followed by Indonesia and other countries.
74GF Score
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