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AIRA Factoring PCLBKK:AF 40 Gross Margin % is 66.00% as of Mar. 2026, which is 14% below its 10-year median of 76.44. GuruFocus rates BKK:AF with a GF Score™ of 40/100 and a GF Value™ of ฿0.58 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 387 Credit Services companies, AIRA Factoring PCL ranks better than 71.06% on this metric.
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
AIRA Factoring PCL had a gross margin of 66.00% for the quarter that ended in Mar. 2026 => Durable competitive advantage
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.
AIRA Factoring PCL Gross Margin % Related Terms
AIRA Factoring PCL Gross Margin % Historical Data
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The historical data trend for AIRA Factoring 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.
For the Credit Services subindustry, AIRA Factoring 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.
AIRA Factoring PCL Gross Margin % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, AIRA Factoring PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where AIRA Factoring 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.
AIRA Factoring PCL (BKK:AF) has a Gross Margin % of 66.00% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on AIRA Factoring PCL and its competitors. This is 14% below median its historical median of 76.44. Over the past decade, AIRA Factoring PCL's Gross Margin % has ranged from 68.64 to 82.29. According to the industry distribution chart, AIRA Factoring PCL ranks #112 out of 387 companies in the Credit Services industry, placing it in the top 28.9%.
Is AIRA Factoring PCL's Gross Margin % too high?
AIRA Factoring PCL's current Gross Margin % of 66.00% is 14% below median its 10-year median of 76.44. Over the past 10 years, this metric has ranged from a low of 68.64 to a high of 82.29. The Credit Services industry median Gross Margin % is 51.81. AIRA Factoring PCL's value of 66.00% is 27.4% above this industry median. Based on the distribution chart, AIRA Factoring PCL ranks #112 out of 387 companies in the Credit Services industry, which is above the industry midpoint. Overall, AIRA Factoring PCL has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AIRA Factoring PCL's Gross Margin % compare to V and MA?
According to the Credit Services industry distribution chart, AIRA Factoring PCL ranks #112 out of 387 companies for Gross Margin %. This puts AIRA Factoring PCL in the upper half of its industry. The industry median Gross Margin % is 51.81. AIRA Factoring PCL's value of 66.00% is 27.4% above this benchmark. Historically, AIRA Factoring PCL's own Gross Margin % has ranged from 68.64 to 82.29 over the past decade. While the company's 10-year median is 76.44 vs. the industry median of 51.81, AIRA Factoring 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 Credit Services company?
The median Gross Margin % among Credit Services companies is 51.81, based on 387 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. AIRA Factoring PCL's current Gross Margin % of 66.00% is 27.4% 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 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 AIRA Factoring PCL and its competitors. For the Credit Services industry, the median Gross Margin % is 51.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIRA Factoring PCL's current Gross Margin % is 66.00%, which is 14% below median its own 10-year median of 76.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIRA Factoring PCL stock overvalued right now?
Based on GuruFocus' analysis, AIRA Factoring PCL (BKK:AF) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.58, compared to a current price of ฿0.38 — trading 34.5% below its estimated fair value. The current Gross Margin % is 66.00%, which is 14% below median its 10-year median of 76.44 and 27.4% above the Credit Services industry median of 51.81. AIRA Factoring PCL's overall GF Score™ is 40/100 with 8 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 AIRA Factoring PCL (BKK:AF), the current Gross Margin % is 66.00% 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 AIRA Factoring PCL (BKK:AF) Overvalued in 2026?
Based on GuruFocus' analysis, AIRA Factoring PCL stock appears to be undervalued.
The current stock price of ฿0.38 is trading 34.5% below its estimated GF Value™ of ฿0.58.
GuruFocus considers AIRA Factoring PCL to be Possible Value Trap.
Key valuation signals for BKK:AF:
Gross Margin %: 66.00% (14% below median its 10-year median of 76.44)
GF Value™: ฿0.58 vs. price of ฿0.38 (34.5% below fair value)
Industry Position: 27.4% above the Credit Services median (#112 of 387)
No single metric tells the full story. See the BKK:AF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AIRA Factoring PCL is a Thailand-based company principally engaged in the business of receivable factoring. It provides short-term financing services by transferring creditor's rights or factoring services. Its various service offerings include promissory note loans, e-factoring, supplier financing, long-term loans, and others. The company's main reportable operating segment of the Company is the provision of lending services to SME customers, comprising the factoring business and loan financing. Geographically, the company operates only in Thailand.
40GF Score
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