TPCS PCLBKK:TPCS-F 77 Gross Margin % is 27.11% as of Mar. 2026, which is 22% above its 10-year median of 22.17. GuruFocus rates BKK:TPCS-F with a GF Score™ of 77/100 and a GF Value™ of ฿90.51. The stock has 3 warning signs investors should review. Among 1,019 Manufacturing - Apparel & Accessories companies, TPCS PCL ranks worse than 54.96% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. TPCS PCL's Gross Profit for the
three
months ended in Mar. 2026 was ฿87 Mil. TPCS PCL's Revenue for the
three
months ended in Mar. 2026 was ฿323 Mil. Therefore, TPCS PCL's Gross Margin % for the quarter that ended in Mar. 2026 was 27.11%.
Warning Sign:
TPCS PCL gross margin has been in long-term decline. The average rate of decline per year is -1.2%.
The historical rank and industry rank for TPCS PCL's Gross Margin % or its related term are showing as below:
BKK:TPCS-F'
s Gross Margin % Range Over the Past 10 Years
Min: 15.19 Med: 22.17 Max: 31.34
Current: 24.7
During the past 13 years, the highestGross Margin % of TPCS PCL was 31.34%. The lowest was 15.19%. And the median was 22.17%.
BKK:TPCS-F's Gross Margin % is ranked worse than 54.96% of 1019
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.49
vs BKK:TPCS-F: 24.70
TPCS PCL had a gross margin of 27.11% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for TPCS PCL was -1.20% per year.
TPCS PCL (BKK:TPCS-F) 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
TPCS PCL had a gross margin of 27.11% 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.
TPCS PCL Gross Margin % Related Terms
TPCS PCL Gross Margin % Historical Data
* Premium members only.
The historical data trend for TPCS 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 Textile Manufacturing subindustry, TPCS 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.
TPCS PCL Gross Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TPCS PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where TPCS 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.
TPCS PCL (BKK:TPCS-F) has a Gross Margin % of 27.11% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on TPCS PCL and its competitors. This is 22% above median its historical median of 22.17. Over the past decade, TPCS PCL's Gross Margin % has ranged from 15.19 to 31.34. According to the industry distribution chart, TPCS PCL ranks #560 out of 1019 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 55%.
Is TPCS PCL's Gross Margin % too high?
TPCS PCL's current Gross Margin % of 27.11% is 22% above median its 10-year median of 22.17. Over the past 10 years, this metric has ranged from a low of 15.19 to a high of 31.34. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.49. TPCS PCL's value of 27.11% is 4.8% below this industry median. Based on the distribution chart, TPCS PCL ranks #560 out of 1019 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, TPCS PCL has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does TPCS PCL's Gross Margin % compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, TPCS PCL ranks #560 out of 1019 companies for Gross Margin %. This places TPCS PCL in the lower half of its industry. The industry median Gross Margin % is 28.49. TPCS PCL's value of 27.11% is 4.8% below this benchmark. Historically, TPCS PCL's own Gross Margin % has ranged from 15.19 to 31.34 over the past decade. While the company's 10-year median is 22.17 vs. the industry median of 28.49, TPCS 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 Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.49, based on 1,019 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. TPCS PCL's current Gross Margin % of 27.11% is 4.8% 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 TPCS PCL and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPCS PCL's current Gross Margin % is 27.11%, which is 22% above median its own 10-year median of 22.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPCS PCL stock overvalued right now?
TPCS PCL (BKK:TPCS-F) has a current Gross Margin % of 27.11%. The stock's GF Value™ is ฿90.51, compared to a current price of ฿74.00 — trading 18.2% below its estimated fair value. The current Gross Margin % is 27.11%, which is 22% above median its 10-year median of 22.17 and 4.8% below the Manufacturing - Apparel & Accessories industry median of 28.49. TPCS PCL's overall GF Score™ is 77/100 with 3 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 TPCS PCL (BKK:TPCS-F), the current Gross Margin % is 27.11% 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 TPCS PCL (BKK:TPCS-F) Overvalued in 2026?
Based on GuruFocus' analysis, TPCS PCL stock appears to be undervalued.
The current stock price of ฿74.00 is trading 18.2% below its estimated GF Value™ of ฿90.51.
Key valuation signals for BKK:TPCS-F:
Gross Margin %: 27.11% (22% above median its 10-year median of 22.17)
GF Value™: ฿90.51 vs. price of ฿74.00 (18.2% below fair value)
Industry Position: 4.8% below the Manufacturing - Apparel & Accessories median (#560 of 1019)
No single metric tells the full story. See the BKK:TPCS-F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TPCS PCL is engaged in the business of manufacturing and distribution of non-woven fabric, products made of non-woven fabric such as automotive parts, air filters, face masks, household products, raw materials of industrial textiles, and outsourcing. Its includes two operating segments: Products for industries, which generate maximum revenue, and Products for sanitation and household and others. Geographically, the company derives a majority of its revenue from the domestic market and also engages in exporting its products to Asia and Africa.
77GF Score
Get the complete analysis for BKK:TPCS-F
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:TPCS-F has been successfully added to your 
