Ocean Glass PCLBKK:OGC 59 Gross Margin % is 23.88% as of Mar. 2026, which is 28% below its 10-year median of 33.16. GuruFocus rates BKK:OGC with a GF Score™ of 59/100 and a GF Value™ of ฿18.45 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 416 Furnishings, Fixtures & Appliances companies, Ocean Glass PCL ranks better than 51.2% on this metric.
Ocean Glass PCL gross margin has been in long-term decline. The average rate of decline per year is -1.7%.
The historical rank and industry rank for Ocean Glass PCL's Gross Margin % or its related term are showing as below:
BKK:OGC'
s Gross Margin % Range Over the Past 10 Years
Min: 28.66 Med: 33.16 Max: 39.1
Current: 30.11
During the past 13 years, the highestGross Margin % of Ocean Glass PCL was 39.10%. The lowest was 28.66%. And the median was 33.16%.
BKK:OGC's Gross Margin % is ranked better than 51.2% of 416
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 29.235
vs BKK:OGC: 30.11
Ocean Glass PCL had a gross margin of 23.88% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Ocean Glass PCL was -1.70% per year.
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
Ocean Glass PCL had a gross margin of 23.88% 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.
Ocean Glass PCL Gross Margin % Related Terms
Ocean Glass PCL Gross Margin % Historical Data
* Premium members only.
The historical data trend for Ocean Glass 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:OGC vs SN, SGI, MHK: Gross Margin % Comparison
For the Furnishings, Fixtures & Appliances subindustry, Ocean Glass 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.
Ocean Glass PCL Gross Margin % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ocean Glass PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ocean Glass 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.
Ocean Glass PCL (BKK:OGC) has a Gross Margin % of 23.88% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Ocean Glass PCL and its competitors. This is 28% below median its historical median of 33.16. Over the past decade, Ocean Glass PCL's Gross Margin % has ranged from 28.66 to 39.10. According to the industry distribution chart, Ocean Glass PCL ranks #203 out of 416 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 48.8%.
Is Ocean Glass PCL's Gross Margin % too high?
Ocean Glass PCL's current Gross Margin % of 23.88% is 28% below median its 10-year median of 33.16. Over the past 10 years, this metric has ranged from a low of 28.66 to a high of 39.10. The Furnishings, Fixtures & Appliances industry median Gross Margin % is 29.24. Ocean Glass PCL's value of 23.88% is 18.3% below this industry median. Based on the distribution chart, Ocean Glass PCL ranks #203 out of 416 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Ocean Glass PCL has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ocean Glass PCL's Gross Margin % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Ocean Glass PCL ranks #203 out of 416 companies for Gross Margin %. This puts Ocean Glass PCL in the upper half of its industry. The industry median Gross Margin % is 29.24. Ocean Glass PCL's value of 23.88% is 18.3% below this benchmark. Historically, Ocean Glass PCL's own Gross Margin % has ranged from 28.66 to 39.10 over the past decade. While the company's 10-year median is 33.16 vs. the industry median of 29.24, Ocean Glass 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 Furnishings, Fixtures & Appliances company?
The median Gross Margin % among Furnishings, Fixtures & Appliances companies is 29.24, based on 416 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. Ocean Glass PCL's current Gross Margin % of 23.88% is 18.3% 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 Ocean Glass PCL and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Gross Margin % is 29.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ocean Glass PCL's current Gross Margin % is 23.88%, which is 28% below median its own 10-year median of 33.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocean Glass PCL stock overvalued right now?
Based on GuruFocus' analysis, Ocean Glass PCL (BKK:OGC) is currently considered Possible Value Trap. The stock's GF Value™ is ฿18.45, compared to a current price of ฿9.70 — trading 47.4% below its estimated fair value. The current Gross Margin % is 23.88%, which is 28% below median its 10-year median of 33.16 and 18.3% below the Furnishings, Fixtures & Appliances industry median of 29.24. Ocean Glass PCL's overall GF Score™ is 59/100 with 8 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 Ocean Glass PCL (BKK:OGC), the current Gross Margin % is 23.88% 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 Ocean Glass PCL (BKK:OGC) Overvalued in 2026?
Based on GuruFocus' analysis, Ocean Glass PCL stock appears to be undervalued.
The current stock price of ฿9.70 is trading 47.4% below its estimated GF Value™ of ฿18.45.
GuruFocus considers Ocean Glass PCL to be Possible Value Trap.
Key valuation signals for BKK:OGC:
Gross Margin %: 23.88% (28% below median its 10-year median of 33.16)
GF Value™: ฿18.45 vs. price of ฿9.70 (47.4% below fair value)
Industry Position: 18.3% below the Furnishings, Fixtures & Appliances median (#203 of 416)
No single metric tells the full story. See the BKK:OGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ocean Glass PCL is a Thailand-based company that manufactures and sells table glassware. The company manufactures glassware for families, food service operators, companies, and brands who want to personalize their own glassware as gifts or souvenirs. Its offering includes all kinds of glasses such as drinking glasses, wine glasses, beer glasses, juice glasses and dining glass sets. It sells its products under the brands Ocean and Lucaris. Its market coverage includes Thailand and Overseas markets, with the majority of the revenue generated from overseas sales.
59GF Score
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