Thai-German Products PCLBKK:TGPRO Gross Margin % is 11.21% as of Mar. 2026, which is 17% below its 10-year median of 13.53. The stock has 4 warning signs investors should review. Among 593 Steel companies, Thai-German Products PCL ranks worse than 54.47% 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
Thai-German Products PCL had a gross margin of 11.21% 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.
Thai-German Products PCL Gross Margin % Related Terms
Thai-German Products PCL Gross Margin % Historical Data
* 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:TGPRO vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, Thai-German Products 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.
Thai-German Products PCL Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Thai-German Products PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Thai-German Products 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.
Thai-German Products PCL (BKK:TGPRO) has a Gross Margin % of 11.21% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Thai-German Products PCL and its competitors. This is 17% below median its historical median of 13.53. Over the past decade, Thai-German Products PCL's Gross Margin % has ranged from 1.78 to 21.83. According to the industry distribution chart, Thai-German Products PCL ranks #323 out of 593 companies in the Steel industry, placing it in the top 54.5%.
Is Thai-German Products PCL's Gross Margin % too high?
Thai-German Products PCL's current Gross Margin % of 11.21% is 17% below median its 10-year median of 13.53. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 21.83. The Steel industry median Gross Margin % is 12.60. Thai-German Products PCL's value of 11.21% is 11% below this industry median. Based on the distribution chart, Thai-German Products PCL ranks #323 out of 593 companies in the Steel industry, which is below the industry midpoint.
How does Thai-German Products PCL's Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Thai-German Products PCL ranks #323 out of 593 companies for Gross Margin %. This places Thai-German Products PCL in the lower half of its industry. The industry median Gross Margin % is 12.60. Thai-German Products PCL's value of 11.21% is 11% below this benchmark. Historically, Thai-German Products PCL's own Gross Margin % has ranged from 1.78 to 21.83 over the past decade. While the company's 10-year median is 13.53 vs. the industry median of 12.60, Thai-German Products 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 Steel company?
The median Gross Margin % among Steel companies is 12.60, based on 593 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. Thai-German Products PCL's current Gross Margin % of 11.21% is 11% 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 Thai-German Products PCL and its competitors. For the Steel industry, the median Gross Margin % is 12.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai-German Products PCL's current Gross Margin % is 11.21%, which is 17% below median its own 10-year median of 13.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai-German Products PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai-German Products PCL (BKK:TGPRO) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.09, compared to a current price of ฿0.03 — trading 66.7% below its estimated fair value. The current Gross Margin % is 11.21%, which is 17% below median its 10-year median of 13.53 and 11% below the Steel industry median of 12.60. 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 Thai-German Products PCL (BKK:TGPRO), the current Gross Margin % is 11.21% 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.
Thai-German Products PCL is engaged in the business of manufacturing and distribution of stainless steel products such as pipe, axle, and other equipment, under trademark by TGPRO. It has four operating segments: the Stainless and service selling segment, which is the key revenue driver, includes steel pipes, steel sheets, steel shafts, and steel fittings; the Stereo sales segment sells stereo equipment, telephone equipment, and spare parts; an agriculture selling segment includes vegetables and seed; and Food sales Segment, which comprises of food sales, coffee and bakery shops, and steakhouse restaurants. It sells its product in Thailand and other countries, of which a majority of the revenue is generated from the Thailand market, and also has its presence in other countries.
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