M.C.S. Steel PCLBKK:MCS 68 Gross Margin % is 34.42% as of Mar. 2026, which is 1% above its 10-year median of 34.11. GuruFocus rates BKK:MCS with a GF Score™ of 68/100 and a GF Value™ of ฿6.51 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 597 Steel companies, M.C.S. Steel PCL ranks better than 87.77% 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
M.C.S. Steel PCL had a gross margin of 34.42% 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.
M.C.S. Steel PCL Gross Margin % Related Terms
M.C.S. Steel PCL Gross Margin % Historical Data
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The historical data trend for M.C.S. Steel 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:MCS vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, M.C.S. Steel 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.
M.C.S. Steel PCL Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, M.C.S. Steel PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where M.C.S. Steel 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.
M.C.S. Steel PCL (BKK:MCS) has a Gross Margin % of 34.42% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on M.C.S. Steel PCL and its competitors. This is near median its historical median of 34.11. Over the past decade, M.C.S. Steel PCL's Gross Margin % has ranged from 18.23 to 43.32. According to the industry distribution chart, M.C.S. Steel PCL ranks #73 out of 597 companies in the Steel industry, placing it in the top 12.2%.
Is M.C.S. Steel PCL's Gross Margin % too high?
M.C.S. Steel PCL's current Gross Margin % of 34.42% is near median its 10-year median of 34.11. Over the past 10 years, this metric has ranged from a low of 18.23 to a high of 43.32. The Steel industry median Gross Margin % is 12.60. M.C.S. Steel PCL's value of 34.42% is 173.2% above this industry median. Based on the distribution chart, M.C.S. Steel PCL ranks #73 out of 597 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, M.C.S. Steel PCL has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does M.C.S. Steel PCL's Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, M.C.S. Steel PCL ranks #73 out of 597 companies for Gross Margin %. This places M.C.S. Steel PCL in the top 12% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 12.60. M.C.S. Steel PCL's value of 34.42% is 173.2% above this benchmark. Historically, M.C.S. Steel PCL's own Gross Margin % has ranged from 18.23 to 43.32 over the past decade. While the company's 10-year median is 34.11 vs. the industry median of 12.60, M.C.S. Steel 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 Steel company?
The median Gross Margin % among Steel companies is 12.60, based on 597 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. M.C.S. Steel PCL's current Gross Margin % of 34.42% is 173.2% 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 M.C.S. Steel PCL and its competitors. For the Steel industry, the median Gross Margin % is 12.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M.C.S. Steel PCL's current Gross Margin % is 34.42%, which is near median its own 10-year median of 34.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M.C.S. Steel PCL stock overvalued right now?
Based on GuruFocus' analysis, M.C.S. Steel PCL (BKK:MCS) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿6.51, compared to a current price of ฿7.65 — trading 17.5% above its estimated fair value. The current Gross Margin % is 34.42%, which is near median its 10-year median of 34.11 and 173.2% above the Steel industry median of 12.60. M.C.S. Steel PCL's overall GF Score™ is 68/100 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 M.C.S. Steel PCL (BKK:MCS), the current Gross Margin % is 34.42% 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 M.C.S. Steel PCL (BKK:MCS) Overvalued in 2026?
Based on GuruFocus' analysis, M.C.S. Steel PCL stock appears to be overvalued.
The current stock price of ฿7.65 is trading 17.5% above its estimated GF Value™ of ฿6.51.
GuruFocus considers M.C.S. Steel PCL to be Modestly Overvalued.
Key valuation signals for BKK:MCS:
Gross Margin %: 34.42% (near median its 10-year median of 34.11)
GF Value™: ฿6.51 vs. price of ฿7.65 (17.5% above fair value)
Industry Position: 173.2% above the Steel median (#73 of 597)
No single metric tells the full story. See the BKK:MCS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
M.C.S. Steel PCL is engaged in the production and distribution of structural steel products for building construction and residential development projects for sale. It provides and exports steel structure works for various projects. The company's services include engineering design, parts, and quality control. The company's product and services portfolio includes Fabrication and sale of structural steel of which substantial income is earned, Fabrication including installation of structural steel, and Rendering of services. The business operates in three geographical segments: Thailand, Japan, and China. Key revenue is earned from domestic sales.
68GF Score
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