The Steel PCLBKK:THE-R 28 Gross Margin % is 6.48% as of Mar. 2026, which is 143% above its 10-year median of 2.67. GuruFocus rates BKK:THE-R with a GF Score™ of 28/100 and a GF Value™ of ฿0.88. The stock has 6 warning signs investors should review. Among 597 Steel companies, The Steel PCL ranks worse than 88.61% on this metric.
The Steel PCL gross margin has been in long-term decline. The average rate of decline per year is -19.6%.
The historical rank and industry rank for The Steel PCL's Gross Margin % or its related term are showing as below:
BKK:THE-R'
s Gross Margin % Range Over the Past 10 Years
Min: 2.11 Med: 2.67 Max: 10.06
Current: 2.96
During the past 13 years, the highestGross Margin % of The Steel PCL was 10.06%. The lowest was 2.11%. And the median was 2.67%.
BKK:THE-R's Gross Margin % is ranked worse than 88.61% of 597
companies
in the Steel industry
Industry Median: 12.6
vs BKK:THE-R: 2.96
The Steel PCL had a gross margin of 6.48% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for The Steel PCL was -19.60% per year.
The Steel PCL (BKK:THE-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
The Steel PCL had a gross margin of 6.48% 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.
The Steel PCL Gross Margin % Related Terms
The Steel PCL Gross Margin % Historical Data
* Premium members only.
The historical data trend for The Steel 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:THE-R vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, The Steel 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.
The Steel PCL Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, The Steel PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where The Steel 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.
The Steel PCL (BKK:THE-R) has a Gross Margin % of 6.48% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on The Steel PCL and its competitors. This is 143% above median its historical median of 2.67. Over the past decade, The Steel PCL's Gross Margin % has ranged from 2.11 to 10.06. According to the industry distribution chart, The Steel PCL ranks #529 out of 597 companies in the Steel industry, placing it in the top 88.6%.
Is The Steel PCL's Gross Margin % too high?
The Steel PCL's current Gross Margin % of 6.48% is 143% above median its 10-year median of 2.67. Over the past 10 years, this metric has ranged from a low of 2.11 to a high of 10.06. The Steel industry median Gross Margin % is 12.60. The Steel PCL's value of 6.48% is 48.6% below this industry median. Based on the distribution chart, The Steel PCL ranks #529 out of 597 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, The Steel PCL has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does The Steel PCL's Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, The Steel PCL ranks #529 out of 597 companies for Gross Margin %. This places The Steel PCL in the lower half of its industry. The industry median Gross Margin % is 12.60. The Steel PCL's value of 6.48% is 48.6% below this benchmark. Historically, The Steel PCL's own Gross Margin % has ranged from 2.11 to 10.06 over the past decade. While the company's 10-year median is 2.67 vs. the industry median of 12.60, The Steel 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 597 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. The Steel PCL's current Gross Margin % of 6.48% is 48.6% 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 The Steel 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. The Steel PCL's current Gross Margin % is 6.48%, which is 143% above median its own 10-year median of 2.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Steel PCL stock overvalued right now?
The Steel PCL (BKK:THE-R) has a current Gross Margin % of 6.48%. The stock's GF Value™ is ฿0.88, compared to a current price of ฿0.83 — trading 5.4% below its estimated fair value. The current Gross Margin % is 6.48%, which is 143% above median its 10-year median of 2.67 and 48.6% below the Steel industry median of 12.60. The Steel PCL's overall GF Score™ is 28/100 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 The Steel PCL (BKK:THE-R), the current Gross Margin % is 6.48% 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 The Steel PCL (BKK:THE-R) Overvalued in 2026?
Based on GuruFocus' analysis, The Steel PCL stock appears to be undervalued.
The current stock price of ฿0.83 is trading 5.4% below its estimated GF Value™ of ฿0.88.
Key valuation signals for BKK:THE-R:
Gross Margin %: 6.48% (143% above median its 10-year median of 2.67)
GF Value™: ฿0.88 vs. price of ฿0.83 (5.4% below fair value)
Industry Position: 48.6% below the Steel median (#529 of 597)
No single metric tells the full story. See the BKK:THE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Steel PCL is principally engaged in the selling and transforming hot rolled steel sheets and coils and other structural steels and logistic services of steel. Its product portfolio includes hot-rolled coils, and processed forms such as slit coils, steel sheets, hot-formed structural steel, and cold-formed structural steel, as well as other steel products. In addition, the company also processes certain steel products, including steel sheets, slit coils, flat steel, folded angle steel, folded channel steel, steel pipes, and C-shaped structural steel. The company operates in two reportable segments: Revenue from sales of steels, which accounts for a majority of its revenue, and Revenue from logistic services. Geographically, it is managed and operates principally in Thailand.
28GF Score
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