Chememan PCL (BKK:CMAN) Gross Margin %: 41.41% (As of Mar. 2026) — 22% Above Median

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BKK:CMAN Chememan PCL BKK:CMAN
71 GF Score
Price ฿2.84
GF Value ฿2.18
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Chememan PCL Gross Margin %?

Chememan PCL BKK:CMAN +1.43% 71 Gross Margin % is 41.41% as of Mar. 2026, which is 22% above its 10-year median of 33.86. GuruFocus rates BKK:CMAN with a GF Score™ of 71/100 and a GF Value™ of ฿2.18 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,559 Chemicals companies, Chememan PCL ranks better than 79.86% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Chememan PCL's Gross Profit for the three months ended in Mar. 2026 was ฿406 Mil. Chememan PCL's Revenue for the three months ended in Mar. 2026 was ฿980 Mil. Therefore, Chememan PCL's Gross Margin % for the quarter that ended in Mar. 2026 was 41.41%.


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

BKK:CMAN' s Gross Margin % Range Over the Past 10 Years
Min: 25.69   Med: 33.86   Max: 38.37
Current: 38.03


During the past 11 years, the highest Gross Margin % of Chememan PCL was 38.37%. The lowest was 25.69%. And the median was 33.86%.

BKK:CMAN's Gross Margin % is ranked better than
79.86% of 1559 companies
in the Chemicals industry
Industry Median: 23.52 vs BKK:CMAN: 38.03

Chememan PCL had a gross margin of 41.41% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Chememan PCL was 3.40% per year.


Chememan PCL  (BKK:CMAN) 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

Chememan PCL had a gross margin of 41.41% 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.


Chememan PCL Gross Margin % Related Terms


Chememan PCL Gross Margin % Historical Data

* Premium members only.

The historical data trend for Chememan 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.

Chememan PCL Gross Margin % Chart

Chememan 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 33.86 25.69 31.83 37.00 36.56

Chememan 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 36.02 37.18 34.42 38.41 41.41

BKK:CMAN vs LIN, SHW, ECL: Gross Margin % Comparison

For the Specialty Chemicals subindustry, Chememan 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.


Chememan PCL Gross Margin % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chememan PCL's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Chememan PCL's Gross Margin % falls into.


BKK:CMAN
71GF Score
Chememan PCL BKK:CMAN
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Chememan PCL Gross Margin % Calculation

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

Chememan 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 )
=1338.5 / 3660.948
=(Revenue - Cost of Goods Sold) / Revenue
=(3660.948 - 2322.47) / 3660.948
=36.56 %

Chememan 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 )
=406 / 980.483
=(Revenue - Cost of Goods Sold) / Revenue
=(980.483 - 574.474) / 980.483
=41.41 %

* 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 41.41% mean?
Chememan PCL (BKK:CMAN) has a Gross Margin % of 41.41% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Chememan PCL and its competitors. This is 22% above median its historical median of 33.86. Over the past decade, Chememan PCL's Gross Margin % has ranged from 25.69 to 38.37. According to the industry distribution chart, Chememan PCL ranks #314 out of 1559 companies in the Chemicals industry, placing it in the top 20.1%.
Is Chememan PCL's Gross Margin % too high?
Chememan PCL's current Gross Margin % of 41.41% is 22% above median its 10-year median of 33.86. Over the past 10 years, this metric has ranged from a low of 25.69 to a high of 38.37. The Chemicals industry median Gross Margin % is 23.52. Chememan PCL's value of 41.41% is 76.1% above this industry median. Based on the distribution chart, Chememan PCL ranks #314 out of 1559 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Chememan PCL has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chememan PCL's Gross Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Chememan PCL ranks #314 out of 1559 companies for Gross Margin %. This places Chememan PCL in the top 20% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 23.52. Chememan PCL's value of 41.41% is 76.1% above this benchmark. Historically, Chememan PCL's own Gross Margin % has ranged from 25.69 to 38.37 over the past decade. While the company's 10-year median is 33.86 vs. the industry median of 23.52, Chememan 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 Chemicals company?
The median Gross Margin % among Chemicals companies is 23.52, based on 1,559 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. Chememan PCL's current Gross Margin % of 41.41% is 76.1% 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 Chememan PCL and its competitors. For the Chemicals industry, the median Gross Margin % is 23.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chememan PCL's current Gross Margin % is 41.41%, which is 22% above median its own 10-year median of 33.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chememan PCL stock overvalued right now?
Based on GuruFocus' analysis, Chememan PCL (BKK:CMAN) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿2.18, compared to a current price of ฿2.84 — trading 30.3% above its estimated fair value. The current Gross Margin % is 41.41%, which is 22% above median its 10-year median of 33.86 and 76.1% above the Chemicals industry median of 23.52. Chememan PCL's overall GF Score™ is 71/100 with 5 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 Chememan PCL (BKK:CMAN), the current Gross Margin % is 41.41% 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 Chememan PCL (BKK:CMAN) Overvalued in 2026?

Based on GuruFocus' analysis, Chememan PCL stock appears to be overvalued. The current stock price of ฿2.84 is trading 30.3% above its estimated GF Value™ of ฿2.18. GuruFocus considers Chememan PCL to be Modestly Overvalued.

Key valuation signals for BKK:CMAN:

  • Gross Margin %: 41.41% (22% above median its 10-year median of 33.86)
  • GF Value™: ฿2.18 vs. price of ฿2.84 (30.3% above fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 76.1% above the Chemicals median (#314 of 1559)

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


Chememan PCL Business Description

Address Rajadapisek Road, 195/11-12 Lake Rajada Office Complex 2, 10th-11th Floor, Klongtoey, Bangkok, THA, 10110
Chememan PCL is engaged in the manufacture and distribution of mineral lime products. The company transforms natural resources into basic and specialty chemicals and synthetic products. Its product offerings include quicklime (Calcium Oxide, CaO), hydrated lime (Calcium Hydroxide, Ca(OH)2), as well as chemical grade and construction limestone (Calcium Carbonate, CaCO3). The group's business operations involve two geographic segments: the company, which is incorporated in Thailand, manufactures and distributes minerals and chemicals; and the subsidiaries, which are incorporated overseas, manufacture and distribute minerals and chemicals. The majority of the group's revenue is derived from its business in Thailand, and the rest from overseas markets.
71GF Score

Get the complete analysis for BKK:CMAN

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

฿2.84
Price
฿2.18
GF Value