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N.C. Housing PCLBKK:NCH 34 Gross Margin % is 21.85% as of Mar. 2026, which is 32% below its 10-year median of 32.32. GuruFocus rates BKK:NCH with a GF Score™ of 34/100 and a GF Value™ of ฿0.43 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,645 Real Estate companies, N.C. Housing PCL ranks worse than 69.3% 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
N.C. Housing PCL had a gross margin of 21.85% 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.
N.C. Housing PCL Gross Margin % Related Terms
N.C. Housing PCL Gross Margin % Historical Data
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The historical data trend for N.C. Housing 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 Real Estate - Development subindustry, N.C. Housing 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.
N.C. Housing PCL Gross Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, N.C. Housing PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where N.C. Housing 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.
N.C. Housing PCL (BKK:NCH) has a Gross Margin % of 21.85% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on N.C. Housing PCL and its competitors. This is 32% below median its historical median of 32.32. Over the past decade, N.C. Housing PCL's Gross Margin % has ranged from 23.84 to 36.12. According to the industry distribution chart, N.C. Housing PCL ranks #1140 out of 1645 companies in the Real Estate industry, placing it in the top 69.3%.
Is N.C. Housing PCL's Gross Margin % too high?
N.C. Housing PCL's current Gross Margin % of 21.85% is 32% below median its 10-year median of 32.32. Over the past 10 years, this metric has ranged from a low of 23.84 to a high of 36.12. The Real Estate industry median Gross Margin % is 36.98. N.C. Housing PCL's value of 21.85% is 40.9% below this industry median. Based on the distribution chart, N.C. Housing PCL ranks #1140 out of 1645 companies in the Real Estate industry, which is below the industry midpoint. Overall, N.C. Housing PCL has a GF Score™ of 34/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does N.C. Housing PCL's Gross Margin % compare to competitors?
According to the Real Estate industry distribution chart, N.C. Housing PCL ranks #1140 out of 1645 companies for Gross Margin %. This places N.C. Housing PCL in the lower half of its industry. The industry median Gross Margin % is 36.98. N.C. Housing PCL's value of 21.85% is 40.9% below this benchmark. Historically, N.C. Housing PCL's own Gross Margin % has ranged from 23.84 to 36.12 over the past decade. While the company's 10-year median is 32.32 vs. the industry median of 36.98, N.C. Housing 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 Real Estate company?
The median Gross Margin % among Real Estate companies is 36.98, based on 1,645 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. N.C. Housing PCL's current Gross Margin % of 21.85% is 40.9% 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 N.C. Housing PCL and its competitors. For the Real Estate industry, the median Gross Margin % is 36.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. N.C. Housing PCL's current Gross Margin % is 21.85%, which is 32% below median its own 10-year median of 32.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is N.C. Housing PCL stock overvalued right now?
Based on GuruFocus' analysis, N.C. Housing PCL (BKK:NCH) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.43, compared to a current price of ฿0.42 — trading 2.3% below its estimated fair value. The current Gross Margin % is 21.85%, which is 32% below median its 10-year median of 32.32 and 40.9% below the Real Estate industry median of 36.98. N.C. Housing PCL's overall GF Score™ is 34/100 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 N.C. Housing PCL (BKK:NCH), the current Gross Margin % is 21.85% 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 N.C. Housing PCL (BKK:NCH) Overvalued in 2026?
Based on GuruFocus' analysis, N.C. Housing PCL stock appears to be undervalued.
The current stock price of ฿0.42 is trading 2.3% below its estimated GF Value™ of ฿0.43.
GuruFocus considers N.C. Housing PCL to be Fairly Valued.
Key valuation signals for BKK:NCH:
Gross Margin %: 21.85% (32% below median its 10-year median of 32.32)
GF Value™: ฿0.43 vs. price of ฿0.42 (2.3% below fair value)
Industry Position: 40.9% below the Real Estate median (#1140 of 1645)
No single metric tells the full story. See the BKK:NCH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
N.C. Housing PCL is involved in developing real estate properties. The business operation of the Group mainly involves Real Estate, Rental and Services, Contractor Property Management Services, and Intermediate Care and Wellness, the majority of its revenue is from Real Estate. The company operates in Thailand only.
34GF Score
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