Beyond Securities PCLBKK:BYD-R 59 Gross Margin % is 55.64% as of Mar. 2026, which is 91% above its 10-year median of 29.10. GuruFocus rates BKK:BYD-R with a GF Score™ of 59/100 and a GF Value™ of ฿11.14. The stock has 4 warning signs investors should review. Among 618 Capital Markets companies, Beyond Securities PCL ranks better than 60.52% 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
Beyond Securities PCL had a gross margin of 55.64% 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.
Beyond Securities PCL Gross Margin % Related Terms
Beyond Securities PCL Gross Margin % Historical Data
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The historical data trend for Beyond Securities 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:BYD-R vs MS, GS, SCHW: Gross Margin % Comparison
For the Capital Markets subindustry, Beyond Securities 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.
Beyond Securities PCL Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Beyond Securities PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Beyond Securities 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.
Beyond Securities PCL (BKK:BYD-R) has a Gross Margin % of 55.64% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Beyond Securities PCL and its competitors. This is 91% above median its historical median of 29.10. According to the industry distribution chart, Beyond Securities PCL ranks #244 out of 618 companies in the Capital Markets industry, placing it in the top 39.5%.
Is Beyond Securities PCL's Gross Margin % too high?
Beyond Securities PCL's current Gross Margin % of 55.64% is 91% above median its 10-year median of 29.10. The Capital Markets industry median Gross Margin % is 48.29. Beyond Securities PCL's value of 55.64% is 15.2% above this industry median. Based on the distribution chart, Beyond Securities PCL ranks #244 out of 618 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Beyond Securities PCL has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Beyond Securities PCL's Gross Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Beyond Securities PCL ranks #244 out of 618 companies for Gross Margin %. This puts Beyond Securities PCL in the upper half of its industry. The industry median Gross Margin % is 48.29. Beyond Securities PCL's value of 55.64% is 15.2% above this benchmark. While the company's 10-year median is 29.10 vs. the industry median of 48.29, Beyond Securities 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 Capital Markets company?
The median Gross Margin % among Capital Markets companies is 48.29, based on 618 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. Beyond Securities PCL's current Gross Margin % of 55.64% is 15.2% 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 Beyond Securities PCL and its competitors. For the Capital Markets industry, the median Gross Margin % is 48.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beyond Securities PCL's current Gross Margin % is 55.64%, which is 91% above median its own 10-year median of 29.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beyond Securities PCL stock overvalued right now?
Beyond Securities PCL (BKK:BYD-R) has a current Gross Margin % of 55.64%. The stock's GF Value™ is ฿11.14, compared to a current price of ฿4.33 — trading 61.1% below its estimated fair value. The current Gross Margin % is 55.64%, which is 91% above median its 10-year median of 29.10 and 15.2% above the Capital Markets industry median of 48.29. Beyond Securities PCL's overall GF Score™ is 59/100 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 Beyond Securities PCL (BKK:BYD-R), the current Gross Margin % is 55.64% 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 Beyond Securities PCL (BKK:BYD-R) Overvalued in 2026?
Based on GuruFocus' analysis, Beyond Securities PCL stock appears to be undervalued.
The current stock price of ฿4.33 is trading 61.1% below its estimated GF Value™ of ฿11.14.
Key valuation signals for BKK:BYD-R:
Gross Margin %: 55.64% (91% above median its 10-year median of 29.10)
GF Value™: ฿11.14 vs. price of ฿4.33 (61.1% below fair value)
Industry Position: 15.2% above the Capital Markets median (#244 of 618)
No single metric tells the full story. See the BKK:BYD-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beyond Securities PCL is engaged in the securities business. It offers services such as securities brokerage, securities trading, securities underwriting, investment advisory service, derivatives brokerage, securities borrowing, and lending and private fund management. The Company has two reportable segments which comprise the Securities and Derivative business segment, which provides brokerage and derivative brokerage services, including the investment banking segment, and the Investment business segment, which provides services related to the management of the investment in securities. The majority of the revenue for the company is generated from its Securities and Derivative business segment. The Company generates totally operating revenue in Thailand.
59GF Score
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