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Nforce Secure PCLBKK:SECURE -1.39%92 Gross Margin % is 22.05% as of Mar. 2026, which is 12% above its 10-year median of 19.72. GuruFocus rates BKK:SECURE with a GF Score™ of 92/100 and a GF Value™ of ฿15.00 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,455 Hardware companies, Nforce Secure PCL ranks worse than 59.59% 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
Nforce Secure PCL had a gross margin of 22.05% 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.
Nforce Secure PCL Gross Margin % Related Terms
Nforce Secure PCL Gross Margin % Historical Data
* Premium members only.
The historical data trend for Nforce Secure 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:SECURE vs MSFT, ORCL, PLTR: Gross Margin % Comparison
For the Electronics & Computer Distribution subindustry, Nforce Secure 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.
Nforce Secure PCL Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Nforce Secure PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Nforce Secure 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.
Nforce Secure PCL (BKK:SECURE) has a Gross Margin % of 22.05% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Nforce Secure PCL and its competitors. This is 12% above median its historical median of 19.72. Over the past decade, Nforce Secure PCL's Gross Margin % has ranged from 16.23 to 20.45. According to the industry distribution chart, Nforce Secure PCL ranks #1463 out of 2455 companies in the Hardware industry, placing it in the top 59.6%.
Is Nforce Secure PCL's Gross Margin % too high?
Nforce Secure PCL's current Gross Margin % of 22.05% is 12% above median its 10-year median of 19.72. Over the past 10 years, this metric has ranged from a low of 16.23 to a high of 20.45. The Hardware industry median Gross Margin % is 24.50. Nforce Secure PCL's value of 22.05% is 10% below this industry median. Based on the distribution chart, Nforce Secure PCL ranks #1463 out of 2455 companies in the Hardware industry, which is below the industry midpoint. Overall, Nforce Secure PCL has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nforce Secure PCL's Gross Margin % compare to MSFT and ORCL?
According to the Hardware industry distribution chart, Nforce Secure PCL ranks #1463 out of 2455 companies for Gross Margin %. This places Nforce Secure PCL in the lower half of its industry. The industry median Gross Margin % is 24.50. Nforce Secure PCL's value of 22.05% is 10% below this benchmark. Historically, Nforce Secure PCL's own Gross Margin % has ranged from 16.23 to 20.45 over the past decade. While the company's 10-year median is 19.72 vs. the industry median of 24.50, Nforce Secure 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 24.50, based on 2,455 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. Nforce Secure PCL's current Gross Margin % of 22.05% is 10% 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 Nforce Secure PCL and its competitors. For the Hardware industry, the median Gross Margin % is 24.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nforce Secure PCL's current Gross Margin % is 22.05%, which is 12% above median its own 10-year median of 19.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nforce Secure PCL stock overvalued right now?
Based on GuruFocus' analysis, Nforce Secure PCL (BKK:SECURE) is currently considered Fairly Valued. The stock's GF Value™ is ฿15.00, compared to a current price of ฿14.20 — trading 5.3% below its estimated fair value. The current Gross Margin % is 22.05%, which is 12% above median its 10-year median of 19.72 and 10% below the Hardware industry median of 24.50. Nforce Secure PCL's overall GF Score™ is 92/100 with 2 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 Nforce Secure PCL (BKK:SECURE), the current Gross Margin % is 22.05% 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 Nforce Secure PCL (BKK:SECURE) Overvalued in 2026?
Based on GuruFocus' analysis, Nforce Secure PCL stock appears to be undervalued.
The current stock price of ฿14.20 is trading 5.3% below its estimated GF Value™ of ฿15.00.
GuruFocus considers Nforce Secure PCL to be Fairly Valued.
Key valuation signals for BKK:SECURE:
Gross Margin %: 22.05% (12% above median its 10-year median of 19.72)
GF Value™: ฿15.00 vs. price of ฿14.20 (5.3% below fair value)
Industry Position: 10% below the Hardware median (#1463 of 2455)
No single metric tells the full story. See the BKK:SECURE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nforce Secure PCL is a distributor of cybersecurity solution products and offers other supporting services. It is mainly engaged in selling computer hardware and software, and all related equipment, network communication equipment and software, development of enterprise software and project management, and providing services for business consulting, risk assessment, planning, and training.
92GF Score
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