ASN Broker PCLBKK:ASN-R 55 Gross Margin % is 54.76% as of Mar. 2026, which is 1% above its 10-year median of 54.10. GuruFocus rates BKK:ASN-R with a GF Score™ of 55/100 and a GF Value™ of ฿1.52. The stock has 4 warning signs investors should review. Among 59 Insurance companies, ASN Broker PCL ranks better than 67.8% 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
ASN Broker PCL had a gross margin of 54.76% 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.
ASN Broker PCL Gross Margin % Related Terms
ASN Broker PCL Gross Margin % Historical Data
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The historical data trend for ASN Broker 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:ASN-R vs MRSH, AON, AJG: Gross Margin % Comparison
For the Insurance Brokers subindustry, ASN Broker 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.
ASN Broker PCL Gross Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, ASN Broker PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where ASN Broker 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.
ASN Broker PCL (BKK:ASN-R) has a Gross Margin % of 54.76% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on ASN Broker PCL and its competitors. This is near median its historical median of 54.10. Over the past decade, ASN Broker PCL's Gross Margin % has ranged from 41.42 to 60.08. According to the industry distribution chart, ASN Broker PCL ranks #19 out of 59 companies in the Insurance industry, placing it in the top 32.2%.
Is ASN Broker PCL's Gross Margin % too high?
ASN Broker PCL's current Gross Margin % of 54.76% is near median its 10-year median of 54.10. Over the past 10 years, this metric has ranged from a low of 41.42 to a high of 60.08. The Insurance industry median Gross Margin % is 42.38. ASN Broker PCL's value of 54.76% is 29.2% above this industry median. Based on the distribution chart, ASN Broker PCL ranks #19 out of 59 companies in the Insurance industry, which is above the industry midpoint. Overall, ASN Broker PCL has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does ASN Broker PCL's Gross Margin % compare to MRSH and AON?
According to the Insurance industry distribution chart, ASN Broker PCL ranks #19 out of 59 companies for Gross Margin %. This puts ASN Broker PCL in the upper half of its industry. The industry median Gross Margin % is 42.38. ASN Broker PCL's value of 54.76% is 29.2% above this benchmark. Historically, ASN Broker PCL's own Gross Margin % has ranged from 41.42 to 60.08 over the past decade. While the company's 10-year median is 54.10 vs. the industry median of 42.38, ASN Broker 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 an Insurance company?
The median Gross Margin % among Insurance companies is 42.38, based on 59 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. ASN Broker PCL's current Gross Margin % of 54.76% is 29.2% 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 ASN Broker PCL and its competitors. For the Insurance industry, the median Gross Margin % is 42.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASN Broker PCL's current Gross Margin % is 54.76%, which is near median its own 10-year median of 54.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASN Broker PCL stock overvalued right now?
ASN Broker PCL (BKK:ASN-R) has a current Gross Margin % of 54.76%. The stock's GF Value™ is ฿1.52, compared to a current price of ฿0.68 — trading 55.3% below its estimated fair value. The current Gross Margin % is 54.76%, which is near median its 10-year median of 54.10 and 29.2% above the Insurance industry median of 42.38. ASN Broker PCL's overall GF Score™ is 55/100 with 4 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 ASN Broker PCL (BKK:ASN-R), the current Gross Margin % is 54.76% 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 ASN Broker PCL (BKK:ASN-R) Overvalued in 2026?
Based on GuruFocus' analysis, ASN Broker PCL stock appears to be undervalued.
The current stock price of ฿0.68 is trading 55.3% below its estimated GF Value™ of ฿1.52.
Key valuation signals for BKK:ASN-R:
Gross Margin %: 54.76% (near median its 10-year median of 54.10)
GF Value™: ฿1.52 vs. price of ฿0.68 (55.3% below fair value)
Industry Position: 29.2% above the Insurance median (#19 of 59)
No single metric tells the full story. See the BKK:ASN-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASN Broker PCL is a Thailand-based company operating as a direct non-life insurance broker, mainly focusing on selling automobile insurance products. It has also expanded into the personal loan, title loan, and hire purchase business under the name ASN Finance. The Group's reportable segments are: Insurance Broker, Peer-to-peer lending platform, and Loan. Maximum revenue is generated from the Insurance Broker segment, which includes non-life insurance brokers and life insurance broker services. The Loan segment includes lending services through title loans and hire purchase. The Group is managed and operates principally in Thailand.
55GF Score
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