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TPI Polene Power PCLBKK:TPIPP 68 Gross Margin % is 24.16% as of Mar. 2026, which is 46% below its 10-year median of 44.96. GuruFocus rates BKK:TPIPP with a GF Score™ of 68/100 and a GF Value™ of ฿2.35 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 404 Utilities - Independent Power Producers companies, TPI Polene Power PCL ranks worse than 54.95% on this metric.
TPI Polene Power PCL gross margin has been in long-term decline. The average rate of decline per year is -5.4%.
The historical rank and industry rank for TPI Polene Power PCL's Gross Margin % or its related term are showing as below:
BKK:TPIPP'
s Gross Margin % Range Over the Past 10 Years
Min: 28.4 Med: 44.96 Max: 54.21
Current: 28.4
During the past 12 years, the highestGross Margin % of TPI Polene Power PCL was 54.21%. The lowest was 28.40%. And the median was 44.96%.
BKK:TPIPP's Gross Margin % is ranked worse than 54.95% of 404
companies
in the Utilities - Independent Power Producers industry
Industry Median: 31.32
vs BKK:TPIPP: 28.40
TPI Polene Power PCL had a gross margin of 24.16% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for TPI Polene Power PCL was -5.40% per year.
TPI Polene Power PCL (BKK:TPIPP) 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
TPI Polene Power PCL had a gross margin of 24.16% 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.
TPI Polene Power PCL Gross Margin % Related Terms
TPI Polene Power PCL Gross Margin % Historical Data
* Premium members only.
The historical data trend for TPI Polene Power 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.
TPI Polene Power PCL Gross Margin % Competitor Comparison
For the Utilities - Renewable subindustry, TPI Polene Power 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.
TPI Polene Power PCL Gross Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, TPI Polene Power PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where TPI Polene Power 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.
TPI Polene Power PCL (BKK:TPIPP) has a Gross Margin % of 24.16% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on TPI Polene Power PCL and its competitors. This is 46% below median its historical median of 44.96. Over the past decade, TPI Polene Power PCL's Gross Margin % has ranged from 28.40 to 54.21. According to the industry distribution chart, TPI Polene Power PCL ranks #222 out of 404 companies in the Utilities - Independent Power Producers industry, placing it in the top 55%.
Is TPI Polene Power PCL's Gross Margin % too high?
TPI Polene Power PCL's current Gross Margin % of 24.16% is 46% below median its 10-year median of 44.96. Over the past 10 years, this metric has ranged from a low of 28.40 to a high of 54.21. The Utilities - Independent Power Producers industry median Gross Margin % is 31.32. TPI Polene Power PCL's value of 24.16% is 22.9% below this industry median. Based on the distribution chart, TPI Polene Power PCL ranks #222 out of 404 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, TPI Polene Power PCL has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TPI Polene Power PCL's Gross Margin % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, TPI Polene Power PCL ranks #222 out of 404 companies for Gross Margin %. This places TPI Polene Power PCL in the lower half of its industry. The industry median Gross Margin % is 31.32. TPI Polene Power PCL's value of 24.16% is 22.9% below this benchmark. Historically, TPI Polene Power PCL's own Gross Margin % has ranged from 28.40 to 54.21 over the past decade. While the company's 10-year median is 44.96 vs. the industry median of 31.32, TPI Polene Power 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 an Utilities - Independent Power Producers company?
The median Gross Margin % among Utilities - Independent Power Producers companies is 31.32, based on 404 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. TPI Polene Power PCL's current Gross Margin % of 24.16% is 22.9% 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 TPI Polene Power PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Gross Margin % is 31.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPI Polene Power PCL's current Gross Margin % is 24.16%, which is 46% below median its own 10-year median of 44.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPI Polene Power PCL stock overvalued right now?
Based on GuruFocus' analysis, TPI Polene Power PCL (BKK:TPIPP) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.35, compared to a current price of ฿1.81 — trading 23% below its estimated fair value. The current Gross Margin % is 24.16%, which is 46% below median its 10-year median of 44.96 and 22.9% below the Utilities - Independent Power Producers industry median of 31.32. TPI Polene Power PCL's overall GF Score™ is 68/100 with 10 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 TPI Polene Power PCL (BKK:TPIPP), the current Gross Margin % is 24.16% 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 TPI Polene Power PCL (BKK:TPIPP) Overvalued in 2026?
Based on GuruFocus' analysis, TPI Polene Power PCL stock appears to be undervalued.
The current stock price of ฿1.81 is trading 23% below its estimated GF Value™ of ฿2.35.
GuruFocus considers TPI Polene Power PCL to be Modestly Undervalued.
Key valuation signals for BKK:TPIPP:
Gross Margin %: 24.16% (46% below median its 10-year median of 44.96)
GF Value™: ฿2.35 vs. price of ฿1.81 (23% below fair value)
Industry Position: 22.9% below the Utilities - Independent Power Producers median (#222 of 404)
No single metric tells the full story. See the BKK:TPIPP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TPI Polene Power PCL is engaged in manufacturing and distributing electricity and refuse-derived fuel, organics waste, and distributing diesel and natural gas. The company is engaged in two segments which are Energy and utilities, Petrol and gas stations. It derives maximum revenue from Energy & Utilities segment. Geographically, the company operates in Thailand.
68GF Score
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