Tipco Asphalt PCL (BKK:TASCO-R) Gross Margin %: 14.37% (As of Mar. 2026) — Near Median


BKK:TASCO-R Tipco Asphalt PCL BKK:TASCO-R
83 GF Score
Price ฿13.09
GF Value ฿13.22
! 6 Warning Signs
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What is Tipco Asphalt PCL Gross Margin %?

Tipco Asphalt PCL BKK:TASCO-R 83 Gross Margin % is 14.37% as of Mar. 2026, which is 4% above its 10-year median of 13.84. GuruFocus rates BKK:TASCO-R with a GF Score™ of 83/100 and a GF Value™ of ฿13.22. The stock has 6 warning signs investors should review. Among 398 Building Materials companies, Tipco Asphalt PCL ranks worse than 88.44% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Tipco Asphalt PCL's Gross Profit for the three months ended in Mar. 2026 was ฿1,067 Mil. Tipco Asphalt PCL's Revenue for the three months ended in Mar. 2026 was ฿7,426 Mil. Therefore, Tipco Asphalt PCL's Gross Margin % for the quarter that ended in Mar. 2026 was 14.37%.

Warning Sign:

Tipco Asphalt PCL gross margin has been in long-term decline. The average rate of decline per year is -14%.


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

BKK:TASCO-R' s Gross Margin % Range Over the Past 10 Years
Min: 8.81   Med: 13.84   Max: 18.21
Current: 9.94


During the past 13 years, the highest Gross Margin % of Tipco Asphalt PCL was 18.21%. The lowest was 8.81%. And the median was 13.84%.

BKK:TASCO-R's Gross Margin % is ranked worse than
88.44% of 398 companies
in the Building Materials industry
Industry Median: 26.19 vs BKK:TASCO-R: 9.94

Tipco Asphalt PCL had a gross margin of 14.37% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Tipco Asphalt PCL was -14.00% per year.


Tipco Asphalt PCL  (BKK:TASCO-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

Tipco Asphalt PCL had a gross margin of 14.37% 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.


Tipco Asphalt PCL Gross Margin % Related Terms


Tipco Asphalt PCL Gross Margin % Historical Data

* Premium members only.

The historical data trend for Tipco Asphalt 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.

Tipco Asphalt PCL Gross Margin % Chart

Tipco Asphalt 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 18.21 15.09 12.98 11.09 8.81

Tipco Asphalt 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 10.28 11.33 8.06 5.66 14.37

BKK:TASCO-R vs CRH, VMC, MLM: Gross Margin % Comparison

For the Building Materials subindustry, Tipco Asphalt 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.


Tipco Asphalt PCL Gross Margin % vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Tipco Asphalt PCL's Gross Margin % distribution charts can be found below:

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


BKK:TASCO-R
83GF Score
Tipco Asphalt PCL BKK:TASCO-R
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tipco Asphalt PCL Gross Margin % Calculation

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

Tipco Asphalt 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 )
=2376.1 / 26962.376
=(Revenue - Cost of Goods Sold) / Revenue
=(26962.376 - 24586.234) / 26962.376
=8.81 %

Tipco Asphalt 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 )
=1067.3 / 7425.695
=(Revenue - Cost of Goods Sold) / Revenue
=(7425.695 - 6358.431) / 7425.695
=14.37 %

* 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 14.37% mean?
Tipco Asphalt PCL (BKK:TASCO-R) has a Gross Margin % of 14.37% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Tipco Asphalt PCL and its competitors. This is near median its historical median of 13.84. Over the past decade, Tipco Asphalt PCL's Gross Margin % has ranged from 8.81 to 18.21. According to the industry distribution chart, Tipco Asphalt PCL ranks #352 out of 398 companies in the Building Materials industry, placing it in the top 88.4%.
Is Tipco Asphalt PCL's Gross Margin % too high?
Tipco Asphalt PCL's current Gross Margin % of 14.37% is near median its 10-year median of 13.84. Over the past 10 years, this metric has ranged from a low of 8.81 to a high of 18.21. The Building Materials industry median Gross Margin % is 26.19. Tipco Asphalt PCL's value of 14.37% is 45.1% below this industry median. Based on the distribution chart, Tipco Asphalt PCL ranks #352 out of 398 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Tipco Asphalt PCL has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Tipco Asphalt PCL's Gross Margin % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Tipco Asphalt PCL ranks #352 out of 398 companies for Gross Margin %. This places Tipco Asphalt PCL in the lower half of its industry. The industry median Gross Margin % is 26.19. Tipco Asphalt PCL's value of 14.37% is 45.1% below this benchmark. Historically, Tipco Asphalt PCL's own Gross Margin % has ranged from 8.81 to 18.21 over the past decade. While the company's 10-year median is 13.84 vs. the industry median of 26.19, Tipco Asphalt 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 Building Materials company?
The median Gross Margin % among Building Materials companies is 26.19, based on 398 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. Tipco Asphalt PCL's current Gross Margin % of 14.37% is 45.1% 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 Tipco Asphalt PCL and its competitors. For the Building Materials industry, the median Gross Margin % is 26.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tipco Asphalt PCL's current Gross Margin % is 14.37%, which is near median its own 10-year median of 13.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tipco Asphalt PCL stock overvalued right now?
Tipco Asphalt PCL (BKK:TASCO-R) has a current Gross Margin % of 14.37%. The stock's GF Value™ is ฿13.22, compared to a current price of ฿13.09 — trading 1% below its estimated fair value. The current Gross Margin % is 14.37%, which is near median its 10-year median of 13.84 and 45.1% below the Building Materials industry median of 26.19. Tipco Asphalt PCL's overall GF Score™ is 83/100 with 6 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 Tipco Asphalt PCL (BKK:TASCO-R), the current Gross Margin % is 14.37% 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 Tipco Asphalt PCL (BKK:TASCO-R) Overvalued in 2026?

Based on GuruFocus' analysis, Tipco Asphalt PCL stock appears to be undervalued. The current stock price of ฿13.09 is trading 1% below its estimated GF Value™ of ฿13.22.

Key valuation signals for BKK:TASCO-R:

  • Gross Margin %: 14.37% (near median its 10-year median of 13.84)
  • GF Value™: ฿13.22 vs. price of ฿13.09 (1% below fair value)
  • GF Score™: 83/100 with 6 warning signs
  • Industry Position: 45.1% below the Building Materials median (#352 of 398)

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


Tipco Asphalt PCL Business Description

Other Exchanges TASCO:ThailandNVP5:Germany
Address 118/1 Rama 6 Road, Tipco Tower 1, Phayathai Sub District, Phayathai District, Bangkok, THA, 10400
Tipco Asphalt PCL is engaged in the production and sale of asphalt and petroleum-related products, as well as the provision of construction materials and related services. The company operates through two reportable segments: the Construction segment and the Manufacturing and Trading segment. The Construction segment conducts construction services related to highway construction and road rehabilitation in Thailand. The Manufacturing and Trading segment is involved in the manufacturing and trading of asphalt, petroleum oil products, and asphalt concrete in both domestic and overseas markets, supported by marine logistics operations. It generates the majority of its revenue from the Manufacturing and Trading segment.
83GF Score

Get the complete analysis for BKK:TASCO-R

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

฿13.09
Price
฿13.22
GF Value