GMM Grammy PCL (BKK:GRAMMY) Gross Margin %: 39.33% (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:GRAMMY GMM Grammy PCL BKK:GRAMMY
57 GF Score
Price ฿3.48
GF Value ฿5.52
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is GMM Grammy PCL Gross Margin %?

GMM Grammy PCL BKK:GRAMMY -0.57% 57 Gross Margin % is 39.33% as of Mar. 2026, which is 4% above its 10-year median of 37.95. GuruFocus rates BKK:GRAMMY with a GF Score™ of 57/100 and a GF Value™ of ฿5.52 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 941 Media - Diversified companies, GMM Grammy PCL ranks worse than 56.54% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. GMM Grammy PCL's Gross Profit for the three months ended in Mar. 2026 was ฿607 Mil. GMM Grammy PCL's Revenue for the three months ended in Mar. 2026 was ฿1,543 Mil. Therefore, GMM Grammy PCL's Gross Margin % for the quarter that ended in Mar. 2026 was 39.33%.


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

BKK:GRAMMY' s Gross Margin % Range Over the Past 10 Years
Min: 34.91   Med: 37.95   Max: 43.26
Current: 34.91


During the past 13 years, the highest Gross Margin % of GMM Grammy PCL was 43.26%. The lowest was 34.91%. And the median was 37.95%.

BKK:GRAMMY's Gross Margin % is ranked worse than
56.54% of 941 companies
in the Media - Diversified industry
Industry Median: 38.99 vs BKK:GRAMMY: 34.91

GMM Grammy PCL had a gross margin of 39.33% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for GMM Grammy PCL was -0.80% per year.


GMM Grammy PCL  (BKK:GRAMMY) 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

GMM Grammy PCL had a gross margin of 39.33% 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.


GMM Grammy PCL Gross Margin % Related Terms


GMM Grammy PCL Gross Margin % Historical Data

* Premium members only.

The historical data trend for GMM Grammy 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.

GMM Grammy PCL Gross Margin % Chart

GMM Grammy 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 43.26 39.10 38.76 40.78 36.23

GMM Grammy 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 44.01 40.56 32.83 27.84 39.33

BKK:GRAMMY vs NFLX, DIS, WBD: Gross Margin % Comparison

For the Entertainment subindustry, GMM Grammy 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.


GMM Grammy PCL Gross Margin % vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, GMM Grammy PCL's Gross Margin % distribution charts can be found below:

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


BKK:GRAMMY
57GF Score
GMM Grammy PCL BKK:GRAMMY
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GMM Grammy PCL Gross Margin % Calculation

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

GMM Grammy 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 )
=2107.3 / 5815.847
=(Revenue - Cost of Goods Sold) / Revenue
=(5815.847 - 3708.51) / 5815.847
=36.23 %

GMM Grammy 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 )
=606.9 / 1543.159
=(Revenue - Cost of Goods Sold) / Revenue
=(1543.159 - 936.228) / 1543.159
=39.33 %

* 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 39.33% mean?
GMM Grammy PCL (BKK:GRAMMY) has a Gross Margin % of 39.33% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on GMM Grammy PCL and its competitors. This is near median its historical median of 37.95. Over the past decade, GMM Grammy PCL's Gross Margin % has ranged from 34.91 to 43.26. According to the industry distribution chart, GMM Grammy PCL ranks #532 out of 941 companies in the Media - Diversified industry, placing it in the top 56.5%.
Is GMM Grammy PCL's Gross Margin % too high?
GMM Grammy PCL's current Gross Margin % of 39.33% is near median its 10-year median of 37.95. Over the past 10 years, this metric has ranged from a low of 34.91 to a high of 43.26. The Media - Diversified industry median Gross Margin % is 38.99. GMM Grammy PCL's value of 39.33% is 0.9% above this industry median. Based on the distribution chart, GMM Grammy PCL ranks #532 out of 941 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, GMM Grammy PCL has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does GMM Grammy PCL's Gross Margin % compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, GMM Grammy PCL ranks #532 out of 941 companies for Gross Margin %. This places GMM Grammy PCL in the lower half of its industry. The industry median Gross Margin % is 38.99. GMM Grammy PCL's value of 39.33% is 0.9% above this benchmark. Historically, GMM Grammy PCL's own Gross Margin % has ranged from 34.91 to 43.26 over the past decade. While the company's 10-year median is 37.95 vs. the industry median of 38.99, GMM Grammy 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 Media - Diversified company?
The median Gross Margin % among Media - Diversified companies is 38.99, based on 941 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. GMM Grammy PCL's current Gross Margin % of 39.33% is 0.9% 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 GMM Grammy PCL and its competitors. For the Media - Diversified industry, the median Gross Margin % is 38.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GMM Grammy PCL's current Gross Margin % is 39.33%, which is near median its own 10-year median of 37.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GMM Grammy PCL stock overvalued right now?
Based on GuruFocus' analysis, GMM Grammy PCL (BKK:GRAMMY) is currently considered Possible Value Trap. The stock's GF Value™ is ฿5.52, compared to a current price of ฿3.48 — trading 37% below its estimated fair value. The current Gross Margin % is 39.33%, which is near median its 10-year median of 37.95 and 0.9% above the Media - Diversified industry median of 38.99. GMM Grammy PCL's overall GF Score™ is 57/100 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 GMM Grammy PCL (BKK:GRAMMY), the current Gross Margin % is 39.33% 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 GMM Grammy PCL (BKK:GRAMMY) Overvalued in 2026?

Based on GuruFocus' analysis, GMM Grammy PCL stock appears to be undervalued. The current stock price of ฿3.48 is trading 37% below its estimated GF Value™ of ฿5.52. GuruFocus considers GMM Grammy PCL to be Possible Value Trap.

Key valuation signals for BKK:GRAMMY:

  • Gross Margin %: 39.33% (near median its 10-year median of 37.95)
  • GF Value™: ฿5.52 vs. price of ฿3.48 (37% below fair value)
  • GF Score™: 57/100 with 4 warning signs
  • Industry Position: 0.9% above the Media - Diversified median (#532 of 941)

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


GMM Grammy PCL Business Description

Address 50 Sukhumvit 21 Road (Asoke), GMM Grammy Place Tower, Klongtoey Nua, Wattana, Bangkok, THA, 10110
GMM Grammy PCL is engaged in various entertainment businesses, including the music business, satellite television business, Digital TV business, movie business, home shopping business, and co-investment in other businesses. The company has three principal reportable segments, i.e., Music segment comprising music business and showbiz, Media segment comprising digital TV business GMM25, Others segment comprising merchandise and other services business.
57GF Score

Get the complete analysis for BKK:GRAMMY

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

฿3.48
Price
฿5.52
GF Value