Thai Solar Energy PCLBKK:TSE-R 41 Gross Margin % is 34.87% as of Mar. 2026, which is 40% above its 10-year median of 24.93. GuruFocus rates BKK:TSE-R with a GF Score™ of 41/100 and a GF Value™ of ฿0.73. The stock has 5 warning signs investors should review. Among 403 Utilities - Independent Power Producers companies, Thai Solar Energy PCL ranks worse than 60.55% on this metric.
BKK:TSE-R's Gross Margin % is ranked worse than 60.55% of 403
companies
in the Utilities - Independent Power Producers industry
Industry Median: 31.35
vs BKK:TSE-R: 25.21
Thai Solar Energy PCL had a gross margin of 34.87% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Thai Solar Energy PCL was 2.30% per year.
Thai Solar Energy PCL (BKK:TSE-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
Thai Solar Energy PCL had a gross margin of 34.87% 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 Solar Energy PCL Gross Margin % Related Terms
Thai Solar Energy PCL Gross Margin % Historical Data
* Premium members only.
The historical data trend for Thai Solar Energy 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.
Thai Solar Energy PCL Gross Margin % Competitor Comparison
For the Utilities - Renewable subindustry, Thai Solar Energy 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 Solar Energy PCL Gross Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Thai Solar Energy PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Thai Solar Energy 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 Solar Energy PCL (BKK:TSE-R) has a Gross Margin % of 34.87% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Thai Solar Energy PCL and its competitors. This is 40% above median its historical median of 24.93. Over the past decade, Thai Solar Energy PCL's Gross Margin % has ranged from 19.27 to 64.55. According to the industry distribution chart, Thai Solar Energy PCL ranks #244 out of 403 companies in the Utilities - Independent Power Producers industry, placing it in the top 60.5%.
Is Thai Solar Energy PCL's Gross Margin % too high?
Thai Solar Energy PCL's current Gross Margin % of 34.87% is 40% above median its 10-year median of 24.93. Over the past 10 years, this metric has ranged from a low of 19.27 to a high of 64.55. The Utilities - Independent Power Producers industry median Gross Margin % is 31.35. Thai Solar Energy PCL's value of 34.87% is 11.2% above this industry median. Based on the distribution chart, Thai Solar Energy PCL ranks #244 out of 403 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Thai Solar Energy PCL has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Thai Solar Energy PCL's Gross Margin % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Thai Solar Energy PCL ranks #244 out of 403 companies for Gross Margin %. This places Thai Solar Energy PCL in the lower half of its industry. The industry median Gross Margin % is 31.35. Thai Solar Energy PCL's value of 34.87% is 11.2% above this benchmark. Historically, Thai Solar Energy PCL's own Gross Margin % has ranged from 19.27 to 64.55 over the past decade. While the company's 10-year median is 24.93 vs. the industry median of 31.35, Thai Solar Energy 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 Utilities - Independent Power Producers company?
The median Gross Margin % among Utilities - Independent Power Producers companies is 31.35, based on 403 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 Solar Energy PCL's current Gross Margin % of 34.87% is 11.2% 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 Solar Energy PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Gross Margin % is 31.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Solar Energy PCL's current Gross Margin % is 34.87%, which is 40% above median its own 10-year median of 24.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Solar Energy PCL stock overvalued right now?
Thai Solar Energy PCL (BKK:TSE-R) has a current Gross Margin % of 34.87%. The stock's GF Value™ is ฿0.73, compared to a current price of ฿0.61 — trading 17% below its estimated fair value. The current Gross Margin % is 34.87%, which is 40% above median its 10-year median of 24.93 and 11.2% above the Utilities - Independent Power Producers industry median of 31.35. Thai Solar Energy PCL's overall GF Score™ is 41/100 with 5 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 Solar Energy PCL (BKK:TSE-R), the current Gross Margin % is 34.87% 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 Solar Energy PCL (BKK:TSE-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Solar Energy PCL stock appears to be undervalued.
The current stock price of ฿0.61 is trading 17% below its estimated GF Value™ of ฿0.73.
Key valuation signals for BKK:TSE-R:
Gross Margin %: 34.87% (40% above median its 10-year median of 24.93)
GF Value™: ฿0.73 vs. price of ฿0.61 (17% below fair value)
Industry Position: 11.2% above the Utilities - Independent Power Producers median (#244 of 403)
No single metric tells the full story. See the BKK:TSE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Solar Energy PCL is engaged in the generation and distribution of electricity from solar power to the government and private sector. The company has its operational footprints in Thailand and Japan. Its operating segments are Domestic and International of which, the company generates a majority of its revenue from the Domestic segment. The firm's projects are Solar PV Farms Thailand, Solar PV Farms Japan, Solar PV Rooftop Plants Thailand and Biomass Power Plants.
41GF Score
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