Metro Systems PCL (BKK:MSC-R) Gross Margin %: 13.28% (As of Mar. 2026) — Near Median


BKK:MSC-R Metro Systems Corp PCL BKK:MSC-R
66 GF Score
Price ฿7.70
GF Value ฿9.39
! 7 Warning Signs
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What is Metro Systems PCL Gross Margin %?

Metro Systems PCL BKK:MSC-R 66 Gross Margin % is 13.28% as of Mar. 2026, which is 8% below its 10-year median of 14.42. GuruFocus rates BKK:MSC-R with a GF Score™ of 66/100 and a GF Value™ of ฿9.39. The stock has 7 warning signs investors should review. Among 2,450 Hardware companies, Metro Systems PCL ranks worse than 76.53% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Metro Systems PCL's Gross Profit for the three months ended in Mar. 2026 was ฿320 Mil. Metro Systems PCL's Revenue for the three months ended in Mar. 2026 was ฿2,408 Mil. Therefore, Metro Systems PCL's Gross Margin % for the quarter that ended in Mar. 2026 was 13.28%.

Warning Sign:

Metro Systems Corp PCL gross margin has been in long-term decline. The average rate of decline per year is -1.4%.


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

BKK:MSC-R' s Gross Margin % Range Over the Past 10 Years
Min: 12.84   Med: 14.42   Max: 16.34
Current: 13.86


During the past 13 years, the highest Gross Margin % of Metro Systems PCL was 16.34%. The lowest was 12.84%. And the median was 14.42%.

BKK:MSC-R's Gross Margin % is ranked worse than
76.53% of 2450 companies
in the Hardware industry
Industry Median: 24.53 vs BKK:MSC-R: 13.86

Metro Systems PCL had a gross margin of 13.28% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Metro Systems PCL was -1.40% per year.


Metro Systems PCL  (BKK:MSC-R) 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

Metro Systems PCL had a gross margin of 13.28% 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.


Metro Systems PCL Gross Margin % Related Terms


Metro Systems PCL Gross Margin % Historical Data

* Premium members only.

The historical data trend for Metro Systems 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.

Metro Systems PCL Gross Margin % Chart

Metro Systems 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 14.73 12.84 14.07 13.87 13.56

Metro Systems 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 12.58 15.01 12.93 14.38 13.28

BKK:MSC-R vs SNX, ARW, AVT: Gross Margin % Comparison

For the Electronics & Computer Distribution subindustry, Metro Systems 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.


Metro Systems PCL Gross Margin % vs Hardware Industry

For the Hardware industry and Technology sector, Metro Systems PCL's Gross Margin % distribution charts can be found below:

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


BKK:MSC-R
66GF Score
Metro Systems Corp PCL BKK:MSC-R
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Metro Systems PCL Gross Margin % Calculation

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

Metro Systems 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 )
=1243.3 / 9166.609
=(Revenue - Cost of Goods Sold) / Revenue
=(9166.609 - 7923.301) / 9166.609
=13.56 %

Metro Systems 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 )
=319.7 / 2408.39
=(Revenue - Cost of Goods Sold) / Revenue
=(2408.39 - 2088.659) / 2408.39
=13.28 %

* 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 13.28% mean?
Metro Systems PCL (BKK:MSC-R) has a Gross Margin % of 13.28% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Metro Systems PCL and its competitors. This is near median its historical median of 14.42. Over the past decade, Metro Systems PCL's Gross Margin % has ranged from 12.84 to 16.34. According to the industry distribution chart, Metro Systems PCL ranks #1875 out of 2450 companies in the Hardware industry, placing it in the top 76.5%.
Is Metro Systems PCL's Gross Margin % too high?
Metro Systems PCL's current Gross Margin % of 13.28% is near median its 10-year median of 14.42. Over the past 10 years, this metric has ranged from a low of 12.84 to a high of 16.34. The Hardware industry median Gross Margin % is 24.53. Metro Systems PCL's value of 13.28% is 45.9% below this industry median. Based on the distribution chart, Metro Systems PCL ranks #1875 out of 2450 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Metro Systems PCL has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Metro Systems PCL's Gross Margin % compare to SNX and ARW?
According to the Hardware industry distribution chart, Metro Systems PCL ranks #1875 out of 2450 companies for Gross Margin %. This places Metro Systems PCL in the lower half of its industry. The industry median Gross Margin % is 24.53. Metro Systems PCL's value of 13.28% is 45.9% below this benchmark. Historically, Metro Systems PCL's own Gross Margin % has ranged from 12.84 to 16.34 over the past decade. While the company's 10-year median is 14.42 vs. the industry median of 24.53, Metro Systems 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 Hardware company?
The median Gross Margin % among Hardware companies is 24.53, based on 2,450 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. Metro Systems PCL's current Gross Margin % of 13.28% is 45.9% 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 Metro Systems PCL and its competitors. For the Hardware industry, the median Gross Margin % is 24.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metro Systems PCL's current Gross Margin % is 13.28%, which is near median its own 10-year median of 14.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metro Systems PCL stock overvalued right now?
Metro Systems PCL (BKK:MSC-R) has a current Gross Margin % of 13.28%. The stock's GF Value™ is ฿9.39, compared to a current price of ฿7.70 — trading 18% below its estimated fair value. The current Gross Margin % is 13.28%, which is near median its 10-year median of 14.42 and 45.9% below the Hardware industry median of 24.53. Metro Systems PCL's overall GF Score™ is 66/100 with 7 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 Metro Systems PCL (BKK:MSC-R), the current Gross Margin % is 13.28% 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 Metro Systems PCL (BKK:MSC-R) Overvalued in 2026?

Based on GuruFocus' analysis, Metro Systems PCL stock appears to be undervalued. The current stock price of ฿7.70 is trading 18% below its estimated GF Value™ of ฿9.39.

Key valuation signals for BKK:MSC-R:

  • Gross Margin %: 13.28% (near median its 10-year median of 14.42)
  • GF Value™: ฿9.39 vs. price of ฿7.70 (18% below fair value)
  • GF Score™: 66/100 with 7 warning signs
  • Industry Position: 45.9% below the Hardware median (#1875 of 2450)

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


Metro Systems PCL Business Description

Other Exchanges MSC:Thailand
Address 400 Chalermprakiat Rama IX Road, Nong Bon Subdistrict, Prawet District, Bangkok, THA, 10250
Metro Systems Corp PCL is a Thailand-based company. Together with its subsidiaries, the company is engaged in trading computers and equipment, software, supplies, office equipment, and related services. It operates in four segments namely Sales computers and equipment, Sales and installation software, Sales supplies and office equipment, and Rental and other services. It derives key revenue from the Sales and installation software. Some of its product includes Systems and servers, Supplies and peripherals, E-Business Solution, Software, and Services.
66GF Score

Get the complete analysis for BKK:MSC-R

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

฿7.70
Price
฿9.39
GF Value