Forth PCLBKK:FORTH +11.03%81 Gross Margin % is 23.55% as of Mar. 2026, which is 1% above its 10-year median of 23.24. GuruFocus rates BKK:FORTH with a GF Score™ of 81/100 and a GF Value™ of ฿13.77 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 512 Conglomerates companies, Forth PCL ranks worse than 55.86% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Forth PCL's Gross Profit for the
three
months ended in Mar. 2026 was ฿575 Mil. Forth PCL's Revenue for the
three
months ended in Mar. 2026 was ฿2,440 Mil. Therefore, Forth PCL's Gross Margin % for the quarter that ended in Mar. 2026 was 23.55%.
The historical rank and industry rank for Forth PCL's Gross Margin % or its related term are showing as below:
BKK:FORTH'
s Gross Margin % Range Over the Past 10 Years
Min: 21.41 Med: 23.24 Max: 27.87
Current: 23.43
During the past 13 years, the highestGross Margin % of Forth PCL was 27.87%. The lowest was 21.41%. And the median was 23.24%.
BKK:FORTH's Gross Margin % is ranked worse than 55.86% of 512
companies
in the Conglomerates industry
Industry Median: 25.905
vs BKK:FORTH: 23.43
Forth PCL had a gross margin of 23.55% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Forth PCL was 0.00% per year.
Forth PCL (BKK:FORTH) 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
Forth PCL had a gross margin of 23.55% for the quarter that ended in Mar. 2026 => Competition eroding margins
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.
Forth PCL Gross Margin % Related Terms
Forth PCL Gross Margin % Historical Data
* Premium members only.
The historical data trend for Forth 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 Conglomerates subindustry, Forth 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.
Forth PCL Gross Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Forth PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Forth 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.
Forth PCL (BKK:FORTH) has a Gross Margin % of 23.55% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Forth PCL and its competitors. This is near median its historical median of 23.24. Over the past decade, Forth PCL's Gross Margin % has ranged from 21.41 to 27.87. According to the industry distribution chart, Forth PCL ranks #286 out of 512 companies in the Conglomerates industry, placing it in the top 55.9%.
Is Forth PCL's Gross Margin % too high?
Forth PCL's current Gross Margin % of 23.55% is near median its 10-year median of 23.24. Over the past 10 years, this metric has ranged from a low of 21.41 to a high of 27.87. The Conglomerates industry median Gross Margin % is 25.91. Forth PCL's value of 23.55% is 9.1% below this industry median. Based on the distribution chart, Forth PCL ranks #286 out of 512 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Forth PCL has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forth PCL's Gross Margin % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Forth PCL ranks #286 out of 512 companies for Gross Margin %. This places Forth PCL in the lower half of its industry. The industry median Gross Margin % is 25.91. Forth PCL's value of 23.55% is 9.1% below this benchmark. Historically, Forth PCL's own Gross Margin % has ranged from 21.41 to 27.87 over the past decade. While the company's 10-year median is 23.24 vs. the industry median of 25.91, Forth PCL has consistently been below 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 Conglomerates company?
The median Gross Margin % among Conglomerates companies is 25.91, based on 512 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. Forth PCL's current Gross Margin % of 23.55% is 9.1% below 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 Forth PCL and its competitors. For the Conglomerates industry, the median Gross Margin % is 25.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forth PCL's current Gross Margin % is 23.55%, which is near median its own 10-year median of 23.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forth PCL stock overvalued right now?
Based on GuruFocus' analysis, Forth PCL (BKK:FORTH) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿13.77, compared to a current price of ฿16.10 — trading 16.9% above its estimated fair value. The current Gross Margin % is 23.55%, which is near median its 10-year median of 23.24 and 9.1% below the Conglomerates industry median of 25.91. Forth PCL's overall GF Score™ is 81/100 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 Forth PCL (BKK:FORTH), the current Gross Margin % is 23.55% 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 Forth PCL (BKK:FORTH) Overvalued in 2026?
Based on GuruFocus' analysis, Forth PCL stock appears to be overvalued.
The current stock price of ฿16.10 is trading 16.9% above its estimated GF Value™ of ฿13.77.
GuruFocus considers Forth PCL to be Modestly Overvalued.
Key valuation signals for BKK:FORTH:
Gross Margin %: 23.55% (near median its 10-year median of 23.24)
GF Value™: ฿13.77 vs. price of ฿16.10 (16.9% above fair value)
Industry Position: 9.1% below the Conglomerates median (#286 of 512)
No single metric tells the full story. See the BKK:FORTH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forth Corp PCL manufactures and distributes electronic equipment and project work relating to design and install telecommunication equipment. The company's segments include Electronics manufacturing service business sources, manufactures and distributes electronics parts, both work manufactured order and general equipment; Enterprise solutions business bids for project work, sources, subcontracts and install various systems for the government and private sectors; Smart service business provides online financial transaction service and sells products and service through vending machines and provides lending services. The Enterprise solutions business derives the majority of the revenue. Geographically it operates in Thailand, Netherlands, United States of America, and Others.
81GF Score
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