Tirathai PCL (BKK:TRT-R) Gross Margin %: 43.82% (As of Mar. 2026) — 92% Above Median


BKK:TRT-R Tirathai PCL BKK:TRT-R
58 GF Score
Price ฿3.52
GF Value ฿0.86
! 7 Warning Signs
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What is Tirathai PCL Gross Margin %?

Tirathai PCL BKK:TRT-R 58 Gross Margin % is 43.82% as of Mar. 2026, which is 92% above its 10-year median of 22.88. GuruFocus rates BKK:TRT-R with a GF Score™ of 58/100 and a GF Value™ of ฿0.86. The stock has 7 warning signs investors should review. Among 3,003 Industrial Products companies, Tirathai PCL ranks better than 57.11% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Tirathai PCL's Gross Profit for the three months ended in Mar. 2026 was ฿321 Mil. Tirathai PCL's Revenue for the three months ended in Mar. 2026 was ฿733 Mil. Therefore, Tirathai PCL's Gross Margin % for the quarter that ended in Mar. 2026 was 43.82%.


The historical rank and industry rank for Tirathai PCL's Gross Margin % or its related term are showing as below:

BKK:TRT-R' s Gross Margin % Range Over the Past 10 Years
Min: 11.25   Med: 22.88   Max: 29.5
Current: 29.5


During the past 13 years, the highest Gross Margin % of Tirathai PCL was 29.50%. The lowest was 11.25%. And the median was 22.88%.

BKK:TRT-R's Gross Margin % is ranked better than
57.11% of 3003 companies
in the Industrial Products industry
Industry Median: 26.79 vs BKK:TRT-R: 29.50

Tirathai PCL had a gross margin of 43.82% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Tirathai PCL was 6.10% per year.


Tirathai PCL  (BKK:TRT-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

Tirathai PCL had a gross margin of 43.82% 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.


Tirathai PCL Gross Margin % Related Terms


Tirathai PCL Gross Margin % Historical Data

* Premium members only.

The historical data trend for Tirathai 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.

Tirathai PCL Gross Margin % Chart

Tirathai PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.15 11.25 25.29 22.61 23.66

Tirathai PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.24 20.97 23.42 22.85 43.82

BKK:TRT-R vs VRT, BE: Gross Margin % Comparison

For the Electrical Equipment & Parts subindustry, Tirathai 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.


Tirathai PCL Gross Margin % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tirathai PCL's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Tirathai PCL's Gross Margin % falls into.


BKK:TRT-R
58GF Score
Tirathai PCL BKK:TRT-R
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tirathai PCL Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Tirathai PCL's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=484.8 / 2049.228
=(Revenue - Cost of Goods Sold) / Revenue
=(2049.228 - 1564.419) / 2049.228
=23.66 %

Tirathai PCL's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=321.1 / 732.739
=(Revenue - Cost of Goods Sold) / Revenue
=(732.739 - 411.666) / 732.739
=43.82 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 43.82% mean?
Tirathai PCL (BKK:TRT-R) has a Gross Margin % of 43.82% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Tirathai PCL and its competitors. This is 92% above median its historical median of 22.88. Over the past decade, Tirathai PCL's Gross Margin % has ranged from 11.25 to 29.50. According to the industry distribution chart, Tirathai PCL ranks #1288 out of 3003 companies in the Industrial Products industry, placing it in the top 42.9%.
Is Tirathai PCL's Gross Margin % too high?
Tirathai PCL's current Gross Margin % of 43.82% is 92% above median its 10-year median of 22.88. Over the past 10 years, this metric has ranged from a low of 11.25 to a high of 29.50. The Industrial Products industry median Gross Margin % is 26.79. Tirathai PCL's value of 43.82% is 63.6% above this industry median. Based on the distribution chart, Tirathai PCL ranks #1288 out of 3003 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Tirathai PCL has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Tirathai PCL's Gross Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Tirathai PCL ranks #1288 out of 3003 companies for Gross Margin %. This puts Tirathai PCL in the upper half of its industry. The industry median Gross Margin % is 26.79. Tirathai PCL's value of 43.82% is 63.6% above this benchmark. Historically, Tirathai PCL's own Gross Margin % has ranged from 11.25 to 29.50 over the past decade. While the company's 10-year median is 22.88 vs. the industry median of 26.79, Tirathai 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 Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.79, based on 3,003 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. Tirathai PCL's current Gross Margin % of 43.82% is 63.6% 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 Tirathai PCL and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tirathai PCL's current Gross Margin % is 43.82%, which is 92% above median its own 10-year median of 22.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tirathai PCL stock overvalued right now?
Tirathai PCL (BKK:TRT-R) has a current Gross Margin % of 43.82%. The stock's GF Value™ is ฿0.86, compared to a current price of ฿3.52 — trading 309.3% above its estimated fair value. The current Gross Margin % is 43.82%, which is 92% above median its 10-year median of 22.88 and 63.6% above the Industrial Products industry median of 26.79. Tirathai PCL's overall GF Score™ is 58/100 with 7 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 Tirathai PCL (BKK:TRT-R), the current Gross Margin % is 43.82% 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 Tirathai PCL (BKK:TRT-R) Overvalued in 2026?

Based on GuruFocus' analysis, Tirathai PCL stock appears to be overvalued. The current stock price of ฿3.52 is trading 309.3% above its estimated GF Value™ of ฿0.86.

Key valuation signals for BKK:TRT-R:

  • Gross Margin %: 43.82% (92% above median its 10-year median of 22.88)
  • GF Value™: ฿0.86 vs. price of ฿3.52 (309.3% above fair value)
  • GF Score™: 58/100 with 7 warning signs
  • Industry Position: 63.6% above the Industrial Products median (#1288 of 3003)

No single metric tells the full story. See the BKK:TRT-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tirathai PCL Business Description

Other Exchanges TRT:Thailand
Address 516/1 Moo 4, Sukhumvit Road, Bangpoo Industrial Estate, Amphoe Mueang, Samut Prakan, THA, 10280
Tirathai PCL is a Thailand-based company mainly involved in the business of manufacturing, repairing, and maintenance services of transformers and the sales of transformer equipment. In addition, it is also involved in general custom metalwork services. It offers Power transformers, Distribution transformers, and Special transformers. The company's operations are located in Thailand and other countries, of which key revenue is derived from Thailand.
58GF Score

Get the complete analysis for BKK:TRT-R

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿3.52
Price
฿0.86
GF Value