Thai Steel Cable PCLBKK:TSC 82 Gross Margin % is 23.00% as of Mar. 2026, which is 27% above its 10-year median of 18.16. GuruFocus rates BKK:TSC with a GF Score™ of 82/100 and a GF Value™ of ฿12.98 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,311 Vehicles & Parts companies, Thai Steel Cable PCL ranks better than 59.42% 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
Thai Steel Cable PCL had a gross margin of 23.00% 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.
Thai Steel Cable PCL Gross Margin % Related Terms
Thai Steel Cable PCL Gross Margin % Historical Data
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The historical data trend for Thai Steel Cable 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 Auto Parts subindustry, Thai Steel Cable 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.
Thai Steel Cable PCL Gross Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Thai Steel Cable PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Thai Steel Cable 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.
Thai Steel Cable PCL (BKK:TSC) has a Gross Margin % of 23.00% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Thai Steel Cable PCL and its competitors. This is 27% above median its historical median of 18.16. Over the past decade, Thai Steel Cable PCL's Gross Margin % has ranged from 13.77 to 23.06. According to the industry distribution chart, Thai Steel Cable PCL ranks #532 out of 1311 companies in the Vehicles & Parts industry, placing it in the top 40.6%.
Is Thai Steel Cable PCL's Gross Margin % too high?
Thai Steel Cable PCL's current Gross Margin % of 23.00% is 27% above median its 10-year median of 18.16. Over the past 10 years, this metric has ranged from a low of 13.77 to a high of 23.06. The Vehicles & Parts industry median Gross Margin % is 19.84. Thai Steel Cable PCL's value of 23.00% is 15.9% above this industry median. Based on the distribution chart, Thai Steel Cable PCL ranks #532 out of 1311 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Thai Steel Cable PCL has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Steel Cable PCL's Gross Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Thai Steel Cable PCL ranks #532 out of 1311 companies for Gross Margin %. This puts Thai Steel Cable PCL in the upper half of its industry. The industry median Gross Margin % is 19.84. Thai Steel Cable PCL's value of 23.00% is 15.9% above this benchmark. Historically, Thai Steel Cable PCL's own Gross Margin % has ranged from 13.77 to 23.06 over the past decade. While the company's 10-year median is 18.16 vs. the industry median of 19.84, Thai Steel Cable 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 a Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.84, based on 1,311 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. Thai Steel Cable PCL's current Gross Margin % of 23.00% is 15.9% 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 Thai Steel Cable PCL and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Steel Cable PCL's current Gross Margin % is 23.00%, which is 27% above median its own 10-year median of 18.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Steel Cable PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Steel Cable PCL (BKK:TSC) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿12.98, compared to a current price of ฿14.80 — trading 14% above its estimated fair value. The current Gross Margin % is 23.00%, which is 27% above median its 10-year median of 18.16 and 15.9% above the Vehicles & Parts industry median of 19.84. Thai Steel Cable PCL's overall GF Score™ is 82/100 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 Thai Steel Cable PCL (BKK:TSC), the current Gross Margin % is 23.00% 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 Thai Steel Cable PCL (BKK:TSC) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Steel Cable PCL stock appears to be overvalued.
The current stock price of ฿14.80 is trading 14% above its estimated GF Value™ of ฿12.98.
GuruFocus considers Thai Steel Cable PCL to be Modestly Overvalued.
Key valuation signals for BKK:TSC:
Gross Margin %: 23.00% (27% above median its 10-year median of 18.16)
GF Value™: ฿12.98 vs. price of ฿14.80 (14% above fair value)
Industry Position: 15.9% above the Vehicles & Parts median (#532 of 1311)
No single metric tells the full story. See the BKK:TSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Steel Cable PCL is a Thailand-based company engaged in the manufacture and sales of control cables, parts, and equipment for vehicles and motorcycles. Its products are divided into three categories: Automobile control cables which include products like accelerator cables, door lock cables, fuel lid opener cables, hood release cables, parking brake cables, seat belt cables, transmission cables, and trunk opener cables; Motorcycle control cables which include brake cables, clutch cables, seat lock cables, speedometer cables, tachometer cables, and throttle cables, and Automobile window regulators. The company operates only in Thailand.
82GF Score
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