Triple i Logistics PCLBKK:III +0.95%75 Gross Margin % is 18.50% as of Mar. 2026, which is 6% below its 10-year median of 19.70. GuruFocus rates BKK:III with a GF Score™ of 75/100 and a GF Value™ of ฿6.60 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 977 Transportation companies, Triple i Logistics PCL ranks worse than 55.07% on this metric.
BKK:III's Gross Margin % is ranked worse than 55.07% of 977
companies
in the Transportation industry
Industry Median: 20.42
vs BKK:III: 18.48
Triple i Logistics PCL had a gross margin of 18.50% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Triple i Logistics PCL was -1.80% per year.
Triple i Logistics PCL (BKK:III) 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
Triple i Logistics PCL had a gross margin of 18.50% for the quarter that ended in Mar. 2026 => No sustainable 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.
Triple i Logistics PCL Gross Margin % Related Terms
Triple i Logistics PCL Gross Margin % Historical Data
* Premium members only.
The historical data trend for Triple i Logistics 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:III vs UPS, FDX, JBHT: Gross Margin % Comparison
For the Integrated Freight & Logistics subindustry, Triple i Logistics 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.
Triple i Logistics PCL Gross Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Triple i Logistics PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Triple i Logistics 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.
Triple i Logistics PCL (BKK:III) has a Gross Margin % of 18.50% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Triple i Logistics PCL and its competitors. This is near median its historical median of 19.70. Over the past decade, Triple i Logistics PCL's Gross Margin % has ranged from 16.15 to 23.16. According to the industry distribution chart, Triple i Logistics PCL ranks #538 out of 977 companies in the Transportation industry, placing it in the top 55.1%.
Is Triple i Logistics PCL's Gross Margin % too high?
Triple i Logistics PCL's current Gross Margin % of 18.50% is near median its 10-year median of 19.70. Over the past 10 years, this metric has ranged from a low of 16.15 to a high of 23.16. The Transportation industry median Gross Margin % is 20.42. Triple i Logistics PCL's value of 18.50% is 9.4% below this industry median. Based on the distribution chart, Triple i Logistics PCL ranks #538 out of 977 companies in the Transportation industry, which is below the industry midpoint. Overall, Triple i Logistics PCL has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Triple i Logistics PCL's Gross Margin % compare to UPS and FDX?
According to the Transportation industry distribution chart, Triple i Logistics PCL ranks #538 out of 977 companies for Gross Margin %. This places Triple i Logistics PCL in the lower half of its industry. The industry median Gross Margin % is 20.42. Triple i Logistics PCL's value of 18.50% is 9.4% below this benchmark. Historically, Triple i Logistics PCL's own Gross Margin % has ranged from 16.15 to 23.16 over the past decade. While the company's 10-year median is 19.70 vs. the industry median of 20.42, Triple i Logistics 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 Transportation company?
The median Gross Margin % among Transportation companies is 20.42, based on 977 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. Triple i Logistics PCL's current Gross Margin % of 18.50% is 9.4% 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 Triple i Logistics 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. Triple i Logistics PCL's current Gross Margin % is 18.50%, which is near median its own 10-year median of 19.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Triple i Logistics PCL stock overvalued right now?
Based on GuruFocus' analysis, Triple i Logistics PCL (BKK:III) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿6.60, compared to a current price of ฿4.24 — trading 35.8% below its estimated fair value. The current Gross Margin % is 18.50%, which is near median its 10-year median of 19.70 and 9.4% below the Transportation industry median of 20.42. Triple i Logistics PCL's overall GF Score™ is 75/100 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 Triple i Logistics PCL (BKK:III), the current Gross Margin % is 18.50% 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 Triple i Logistics PCL (BKK:III) Overvalued in 2026?
Based on GuruFocus' analysis, Triple i Logistics PCL stock appears to be undervalued.
The current stock price of ฿4.24 is trading 35.8% below its estimated GF Value™ of ฿6.60.
GuruFocus considers Triple i Logistics PCL to be Significantly Undervalued.
Key valuation signals for BKK:III:
Gross Margin %: 18.50% (near median its 10-year median of 19.70)
GF Value™: ฿6.60 vs. price of ฿4.24 (35.8% below fair value)
Industry Position: 9.4% below the Transportation median (#538 of 977)
No single metric tells the full story. See the BKK:III stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Triple i Logistics PCL is a logistics service provider in Thailand. The company's reportable segments include Air Freight, Logistics Management, and Logistics for Chemical and Hazardous Goods. The Air Freight segment operates as an air freight forwarder for both domestic and international routes and provides related airport warehouse management services. The Logistics Management segment provides integrated logistics services by air, inland, and sea for domestic and overseas transportation. The Logistics for Chemical and Hazardous Goods segment offers logistics solutions for sea, air, rail, and inland transport, including warehouse management and distribution services for chemical and hazardous materials. It generates the majority of its revenue from the Air Freight segment.
75GF Score
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