Tong Hua Holdings PCLBKK:TH +2.17%63 Gross Margin % is 74.15% as of Mar. 2026, which is 2% below its 10-year median of 75.96. GuruFocus rates BKK:TH with a GF Score™ of 63/100 and a GF Value™ of ฿0.63 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 74 Diversified Financial Services companies, Tong Hua Holdings PCL ranks better than 72.97% on this metric.
BKK:TH's Gross Margin % is ranked better than 72.97% of 74
companies
in the Diversified Financial Services industry
Industry Median: 41.32
vs BKK:TH: 71.02
Tong Hua Holdings PCL had a gross margin of 74.15% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Tong Hua Holdings PCL was -1.00% 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
Tong Hua Holdings PCL had a gross margin of 74.15% for the quarter that ended in Mar. 2026 => Durable 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.
Tong Hua Holdings PCL Gross Margin % Related Terms
Tong Hua Holdings PCL Gross Margin % Historical Data
* Premium members only.
The historical data trend for Tong Hua Holdings 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 Financial Conglomerates subindustry, Tong Hua Holdings 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.
Tong Hua Holdings PCL Gross Margin % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Tong Hua Holdings PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Tong Hua Holdings 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.
Tong Hua Holdings PCL (BKK:TH) has a Gross Margin % of 74.15% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Tong Hua Holdings PCL and its competitors. This is near median its historical median of 75.96. Over the past decade, Tong Hua Holdings PCL's Gross Margin % has ranged from 64.01 to 88.59. According to the industry distribution chart, Tong Hua Holdings PCL ranks #20 out of 74 companies in the Diversified Financial Services industry, placing it in the top 27%.
Is Tong Hua Holdings PCL's Gross Margin % too high?
Tong Hua Holdings PCL's current Gross Margin % of 74.15% is near median its 10-year median of 75.96. Over the past 10 years, this metric has ranged from a low of 64.01 to a high of 88.59. The Diversified Financial Services industry median Gross Margin % is 41.32. Tong Hua Holdings PCL's value of 74.15% is 79.5% above this industry median. Based on the distribution chart, Tong Hua Holdings PCL ranks #20 out of 74 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, Tong Hua Holdings PCL has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tong Hua Holdings PCL's Gross Margin % compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, Tong Hua Holdings PCL ranks #20 out of 74 companies for Gross Margin %. This puts Tong Hua Holdings PCL in the upper half of its industry. The industry median Gross Margin % is 41.32. Tong Hua Holdings PCL's value of 74.15% is 79.5% above this benchmark. Historically, Tong Hua Holdings PCL's own Gross Margin % has ranged from 64.01 to 88.59 over the past decade. While the company's 10-year median is 75.96 vs. the industry median of 41.32, Tong Hua Holdings PCL has consistently been above 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 Diversified Financial Services company?
The median Gross Margin % among Diversified Financial Services companies is 41.32, based on 74 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. Tong Hua Holdings PCL's current Gross Margin % of 74.15% is 79.5% above 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 Tong Hua Holdings PCL and its competitors. For the Diversified Financial Services industry, the median Gross Margin % is 41.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tong Hua Holdings PCL's current Gross Margin % is 74.15%, which is near median its own 10-year median of 75.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Hua Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, Tong Hua Holdings PCL (BKK:TH) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.63, compared to a current price of ฿0.47 — trading 25.4% below its estimated fair value. The current Gross Margin % is 74.15%, which is near median its 10-year median of 75.96 and 79.5% above the Diversified Financial Services industry median of 41.32. Tong Hua Holdings PCL's overall GF Score™ is 63/100 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 Tong Hua Holdings PCL (BKK:TH), the current Gross Margin % is 74.15% 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 Tong Hua Holdings PCL (BKK:TH) Overvalued in 2026?
Based on GuruFocus' analysis, Tong Hua Holdings PCL stock appears to be undervalued.
The current stock price of ฿0.47 is trading 25.4% below its estimated GF Value™ of ฿0.63.
GuruFocus considers Tong Hua Holdings PCL to be Modestly Undervalued.
Key valuation signals for BKK:TH:
Gross Margin %: 74.15% (near median its 10-year median of 75.96)
GF Value™: ฿0.63 vs. price of ฿0.47 (25.4% below fair value)
Industry Position: 79.5% above the Diversified Financial Services median (#20 of 74)
No single metric tells the full story. See the BKK:TH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tong Hua Holdings PCL operates as an investment company. The company's business segments are divided into five segments: i) Producing and distributing newspaper, publishing and providing printing services, ii) Space rental for trading and service business, iii) Investment business, iv) Providing short - term funds in the form of factoring, loans, and v) Asset Management Business. Geographically, it operates mainly in Thailand.
63GF Score
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