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TQM Alpha PCLBKK:TQM -1.78%90 Gross Margin % is 46.68% as of Mar. 2026, which is 6% below its 10-year median of 49.91. GuruFocus rates BKK:TQM with a GF Score™ of 90/100 and a GF Value™ of ฿24.36 (Significantly Undervalued). The stock has 11 warning signs investors should review. Among 61 Insurance companies, TQM Alpha PCL ranks better than 50.82% 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
TQM Alpha PCL had a gross margin of 46.68% 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.
TQM Alpha PCL Gross Margin % Related Terms
TQM Alpha PCL Gross Margin % Historical Data
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The historical data trend for TQM Alpha 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:TQM vs MRSH, AON, AJG: Gross Margin % Comparison
For the Insurance Brokers subindustry, TQM Alpha 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.
TQM Alpha PCL Gross Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, TQM Alpha PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where TQM Alpha 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.
TQM Alpha PCL (BKK:TQM) has a Gross Margin % of 46.68% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on TQM Alpha PCL and its competitors. This is near median its historical median of 49.91. Over the past decade, TQM Alpha PCL's Gross Margin % has ranged from 45.67 to 54.58. According to the industry distribution chart, TQM Alpha PCL ranks #30 out of 61 companies in the Insurance industry, placing it in the top 49.2%.
Is TQM Alpha PCL's Gross Margin % too high?
TQM Alpha PCL's current Gross Margin % of 46.68% is near median its 10-year median of 49.91. Over the past 10 years, this metric has ranged from a low of 45.67 to a high of 54.58. The Insurance industry median Gross Margin % is 42.38. TQM Alpha PCL's value of 46.68% is 10.1% above this industry median. Based on the distribution chart, TQM Alpha PCL ranks #30 out of 61 companies in the Insurance industry, which is above the industry midpoint. Overall, TQM Alpha PCL has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TQM Alpha PCL's Gross Margin % compare to MRSH and AON?
According to the Insurance industry distribution chart, TQM Alpha PCL ranks #30 out of 61 companies for Gross Margin %. This puts TQM Alpha PCL in the upper half of its industry. The industry median Gross Margin % is 42.38. TQM Alpha PCL's value of 46.68% is 10.1% above this benchmark. Historically, TQM Alpha PCL's own Gross Margin % has ranged from 45.67 to 54.58 over the past decade. While the company's 10-year median is 49.91 vs. the industry median of 42.38, TQM Alpha 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 an Insurance company?
The median Gross Margin % among Insurance companies is 42.38, based on 61 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. TQM Alpha PCL's current Gross Margin % of 46.68% is 10.1% 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 TQM Alpha PCL and its competitors. For the Insurance industry, the median Gross Margin % is 42.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TQM Alpha PCL's current Gross Margin % is 46.68%, which is near median its own 10-year median of 49.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TQM Alpha PCL stock overvalued right now?
Based on GuruFocus' analysis, TQM Alpha PCL (BKK:TQM) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿24.36, compared to a current price of ฿16.60 — trading 31.9% below its estimated fair value. The current Gross Margin % is 46.68%, which is near median its 10-year median of 49.91 and 10.1% above the Insurance industry median of 42.38. TQM Alpha PCL's overall GF Score™ is 90/100 with 11 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 TQM Alpha PCL (BKK:TQM), the current Gross Margin % is 46.68% 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 TQM Alpha PCL (BKK:TQM) Overvalued in 2026?
Based on GuruFocus' analysis, TQM Alpha PCL stock appears to be undervalued.
The current stock price of ฿16.60 is trading 31.9% below its estimated GF Value™ of ฿24.36.
GuruFocus considers TQM Alpha PCL to be Significantly Undervalued.
Key valuation signals for BKK:TQM:
Gross Margin %: 46.68% (near median its 10-year median of 49.91)
GF Value™: ฿24.36 vs. price of ฿16.60 (31.9% below fair value)
Industry Position: 10.1% above the Insurance median (#30 of 61)
No single metric tells the full story. See the BKK:TQM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TQM Alpha PCL is engaged in investment in companies that are focused on non-life insurance brokers, life insurance brokers, reinsurance brokers, personal loans, and the provision of services as a manager, caregiver, collect benefits, and property management for related parties. It also provides procurement and consulting services for computer software and hardware.
90GF Score
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