Bangkok Aviation Fuel Services PCL (BKK:BAFS) Gross Margin %: 50.56% (As of Mar. 2026) — 17% Above Median


BKK:BAFS Bangkok Aviation Fuel Services PCL BKK:BAFS
70 GF Score
Price ฿9.50
GF Value ฿15.58
Valuation Possible Value Trap
! 9 Warning Signs
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What is Bangkok Aviation Fuel Services PCL Gross Margin %?

Bangkok Aviation Fuel Services PCL BKK:BAFS +0.53% 70 Gross Margin % is 50.56% as of Mar. 2026, which is 17% above its 10-year median of 43.16. GuruFocus rates BKK:BAFS with a GF Score™ of 70/100 and a GF Value™ of ฿15.58 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 985 Transportation companies, Bangkok Aviation Fuel Services PCL ranks better than 84.06% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Bangkok Aviation Fuel Services PCL's Gross Profit for the three months ended in Mar. 2026 was ฿481 Mil. Bangkok Aviation Fuel Services PCL's Revenue for the three months ended in Mar. 2026 was ฿952 Mil. Therefore, Bangkok Aviation Fuel Services PCL's Gross Margin % for the quarter that ended in Mar. 2026 was 50.56%.


The historical rank and industry rank for Bangkok Aviation Fuel Services PCL's Gross Margin % or its related term are showing as below:

BKK:BAFS' s Gross Margin % Range Over the Past 10 Years
Min: -0.84   Med: 43.16   Max: 56.62
Current: 43.93


During the past 13 years, the highest Gross Margin % of Bangkok Aviation Fuel Services PCL was 56.62%. The lowest was -0.84%. And the median was 43.16%.

BKK:BAFS's Gross Margin % is ranked better than
84.06% of 985 companies
in the Transportation industry
Industry Median: 20.42 vs BKK:BAFS: 43.93

Bangkok Aviation Fuel Services PCL had a gross margin of 50.56% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Bangkok Aviation Fuel Services PCL was 0.00% per year.


Bangkok Aviation Fuel Services PCL  (BKK:BAFS) 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

Bangkok Aviation Fuel Services PCL had a gross margin of 50.56% 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.


Bangkok Aviation Fuel Services PCL Gross Margin % Related Terms


Bangkok Aviation Fuel Services PCL Gross Margin % Historical Data

* Premium members only.

The historical data trend for Bangkok Aviation Fuel Services 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.

Bangkok Aviation Fuel Services PCL Gross Margin % Chart

Bangkok Aviation Fuel Services PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.84 24.70 38.42 42.61 43.70

Bangkok Aviation Fuel Services PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.77 43.70 40.37 40.80 50.56

BKK:BAFS vs JOBY, CAAP: Gross Margin % Comparison

For the Airports & Air Services subindustry, Bangkok Aviation Fuel Services 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.


Bangkok Aviation Fuel Services PCL Gross Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Bangkok Aviation Fuel Services PCL's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Bangkok Aviation Fuel Services PCL's Gross Margin % falls into.


BKK:BAFS
70GF Score
Bangkok Aviation Fuel Services PCL BKK:BAFS
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Bangkok Aviation Fuel Services PCL Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Bangkok Aviation Fuel Services PCL's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=1582.2 / 3620.342
=(Revenue - Cost of Goods Sold) / Revenue
=(3620.342 - 2038.128) / 3620.342
=43.70 %

Bangkok Aviation Fuel Services PCL's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=481.1 / 951.593
=(Revenue - Cost of Goods Sold) / Revenue
=(951.593 - 470.455) / 951.593
=50.56 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 50.56% mean?
Bangkok Aviation Fuel Services PCL (BKK:BAFS) has a Gross Margin % of 50.56% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Bangkok Aviation Fuel Services PCL and its competitors. This is 17% above median its historical median of 43.16. According to the industry distribution chart, Bangkok Aviation Fuel Services PCL ranks #157 out of 985 companies in the Transportation industry, placing it in the top 15.9%.
Is Bangkok Aviation Fuel Services PCL's Gross Margin % too high?
Bangkok Aviation Fuel Services PCL's current Gross Margin % of 50.56% is 17% above median its 10-year median of 43.16. The Transportation industry median Gross Margin % is 20.42. Bangkok Aviation Fuel Services PCL's value of 50.56% is 147.6% above this industry median. Based on the distribution chart, Bangkok Aviation Fuel Services PCL ranks #157 out of 985 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Bangkok Aviation Fuel Services PCL has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bangkok Aviation Fuel Services PCL's Gross Margin % compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Bangkok Aviation Fuel Services PCL ranks #157 out of 985 companies for Gross Margin %. This places Bangkok Aviation Fuel Services PCL in the top 16% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 20.42. Bangkok Aviation Fuel Services PCL's value of 50.56% is 147.6% above this benchmark. While the company's 10-year median is 43.16 vs. the industry median of 20.42, Bangkok Aviation Fuel Services 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 985 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. Bangkok Aviation Fuel Services PCL's current Gross Margin % of 50.56% is 147.6% 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 Bangkok Aviation Fuel Services 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. Bangkok Aviation Fuel Services PCL's current Gross Margin % is 50.56%, which is 17% above median its own 10-year median of 43.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Aviation Fuel Services PCL stock overvalued right now?
Based on GuruFocus' analysis, Bangkok Aviation Fuel Services PCL (BKK:BAFS) is currently considered Possible Value Trap. The stock's GF Value™ is ฿15.58, compared to a current price of ฿9.50 — trading 39% below its estimated fair value. The current Gross Margin % is 50.56%, which is 17% above median its 10-year median of 43.16 and 147.6% above the Transportation industry median of 20.42. Bangkok Aviation Fuel Services PCL's overall GF Score™ is 70/100 with 9 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 Bangkok Aviation Fuel Services PCL (BKK:BAFS), the current Gross Margin % is 50.56% 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 Bangkok Aviation Fuel Services PCL (BKK:BAFS) Overvalued in 2026?

Based on GuruFocus' analysis, Bangkok Aviation Fuel Services PCL stock appears to be undervalued. The current stock price of ฿9.50 is trading 39% below its estimated GF Value™ of ฿15.58. GuruFocus considers Bangkok Aviation Fuel Services PCL to be Possible Value Trap.

Key valuation signals for BKK:BAFS:

  • Gross Margin %: 50.56% (17% above median its 10-year median of 43.16)
  • GF Value™: ฿15.58 vs. price of ฿9.50 (39% below fair value)
  • GF Score™: 70/100 with 9 warning signs
  • Industry Position: 147.6% above the Transportation median (#157 of 985)

No single metric tells the full story. See the BKK:BAFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bangkok Aviation Fuel Services PCL Business Description

Address 171/2 Kamphang Phet 6 Road, Don Mueang, Khet Don Mueang, Bangkok, THA, 10210
Bangkok Aviation Fuel Services PCL provides fuel services and storage for multiple airports in Thailand. The company has three operating segments: The aviation segment, the Utility and Power segment, and the business solution segment. The aviation segment provides in-plane service, manufacture, and assembly of hydrant dispensers. The utilities and power segment provides fuel pipeline transportation services, as well as the generation and distribution of electricity from solar power to the government. The business solution segment involves the development, design, manufacture, and sales of innovation and digital products, including the provision of other services. The majority of its revenue is generated from the Aviation segment.
70GF Score

Get the complete analysis for BKK:BAFS

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿9.50
Price
฿15.58
GF Value