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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.
Asia Aviation PCLBKK:AAV 65 Gross Margin % is 22.15% as of Mar. 2026, which is 156% above its 10-year median of 8.65. GuruFocus rates BKK:AAV with a GF Score™ of 65/100 and a GF Value™ of ฿2.18 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 981 Transportation companies, Asia Aviation PCL ranks worse than 70.44% on this metric.
The historical rank and industry rank for Asia Aviation PCL's Gross Margin % or its related term are showing as below:
BKK:AAV'
s Gross Margin % Range Over the Past 10 Years
Min: -193.15 Med: 8.65 Max: 17.63
Current: 12.52
During the past 13 years, the highestGross Margin % of Asia Aviation PCL was 17.63%. The lowest was -193.15%. And the median was 8.65%.
BKK:AAV's Gross Margin % is ranked worse than 70.44% of 981
companies
in the Transportation industry
Industry Median: 20.42
vs BKK:AAV: 12.52
Asia Aviation PCL had a gross margin of 22.15% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Asia Aviation PCL was 0.00% per year.
Asia Aviation PCL (BKK:AAV) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Asia Aviation PCL had a gross margin of 22.15% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Asia Aviation PCL Gross Margin % Related Terms
Asia Aviation PCL Gross Margin % Historical Data
* Premium members only.
The historical data trend for Asia Aviation PCL's Gross Margin % 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:AAV vs DAL, UAL, LUV: Gross Margin % Comparison
For the Airlines subindustry, Asia Aviation PCL's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.
Asia Aviation PCL Gross Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Asia Aviation PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Asia Aviation PCL's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Asia Aviation PCL (BKK:AAV) has a Gross Margin % of 22.15% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Asia Aviation PCL and its competitors. This is 156% above median its historical median of 8.65. According to the industry distribution chart, Asia Aviation PCL ranks #691 out of 981 companies in the Transportation industry, placing it in the top 70.4%.
Is Asia Aviation PCL's Gross Margin % too high?
Asia Aviation PCL's current Gross Margin % of 22.15% is 156% above median its 10-year median of 8.65. The Transportation industry median Gross Margin % is 20.42. Asia Aviation PCL's value of 22.15% is 8.5% above this industry median. Based on the distribution chart, Asia Aviation PCL ranks #691 out of 981 companies in the Transportation industry, which is below the industry midpoint. Overall, Asia Aviation PCL has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asia Aviation PCL's Gross Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Asia Aviation PCL ranks #691 out of 981 companies for Gross Margin %. This places Asia Aviation PCL in the lower half of its industry. The industry median Gross Margin % is 20.42. Asia Aviation PCL's value of 22.15% is 8.5% above this benchmark. While the company's 10-year median is 8.65 vs. the industry median of 20.42, Asia Aviation PCL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Transportation company?
The median Gross Margin % among Transportation companies is 20.42, based on 981 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asia Aviation PCL's current Gross Margin % of 22.15% is 8.5% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Asia Aviation PCL and its competitors. For the Transportation industry, the median Gross Margin % is 20.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Aviation PCL's current Gross Margin % is 22.15%, which is 156% above median its own 10-year median of 8.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Aviation PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Aviation PCL (BKK:AAV) is currently considered Possible Value Trap. The stock's GF Value™ is ฿2.18, compared to a current price of ฿1.07 — trading 50.9% below its estimated fair value. The current Gross Margin % is 22.15%, which is 156% above median its 10-year median of 8.65 and 8.5% above the Transportation industry median of 20.42. Asia Aviation PCL's overall GF Score™ is 65/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Asia Aviation PCL (BKK:AAV), the current Gross Margin % is 22.15% 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 Asia Aviation PCL (BKK:AAV) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Aviation PCL stock appears to be undervalued.
The current stock price of ฿1.07 is trading 50.9% below its estimated GF Value™ of ฿2.18.
GuruFocus considers Asia Aviation PCL to be Possible Value Trap.
Key valuation signals for BKK:AAV:
Gross Margin %: 22.15% (156% above median its 10-year median of 8.65)
GF Value™: ฿2.18 vs. price of ฿1.07 (50.9% below fair value)
Industry Position: 8.5% above the Transportation median (#691 of 981)
No single metric tells the full story. See the BKK:AAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressVibhavadee Rangsit Road, 3rd Floor, Central Office Building, Room No. 3200, 222, Don Mueang International Airport, Sanam Bin District, Don Mueang District, Bangkok, THA, 10210
Asia Aviation PCL is a holding company for Thai AirAsia Company Ltd that is engaged in investing in a low-fare airline business company. It has two reportable operating segments: Schedule flight operations and Chartered flight operations. The majority of the group's revenue is generated from the Schedule flight operations segment, which provides passenger air transportation services to routine destinations for scheduled flights. The group sells tickets through its distribution channels such as website, sales counter, travel agents, etc. The Chartered flight operations offer passenger air transportation services to non-routine destinations. Flights are operated when there is a booking from customers, normally tourist agency companies. Geographically, the group operates only in Thailand.
65GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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