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TSTE PCLBKK:TSTE 78 Gross Margin % is 23.68% as of Mar. 2026, which is 19% above its 10-year median of 19.93. GuruFocus rates BKK:TSTE with a GF Score™ of 78/100 and a GF Value™ of ฿10.66 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, TSTE PCL ranks worse than 61.45% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. TSTE PCL's Gross Profit for the
three
months ended in Mar. 2026 was ฿155 Mil. TSTE PCL's Revenue for the
three
months ended in Mar. 2026 was ฿653 Mil. Therefore, TSTE PCL's Gross Margin % for the quarter that ended in Mar. 2026 was 23.68%.
Warning Sign:
TSTE PCL gross margin has been in long-term decline. The average rate of decline per year is -1.8%.
The historical rank and industry rank for TSTE PCL's Gross Margin % or its related term are showing as below:
BKK:TSTE'
s Gross Margin % Range Over the Past 10 Years
Min: 16.74 Med: 19.93 Max: 26.2
Current: 21.3
During the past 13 years, the highestGross Margin % of TSTE PCL was 26.20%. The lowest was 16.74%. And the median was 19.93%.
BKK:TSTE's Gross Margin % is ranked worse than 61.45% of 1909
companies
in the Consumer Packaged Goods industry
Industry Median: 26.35
vs BKK:TSTE: 21.30
TSTE PCL had a gross margin of 23.68% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for TSTE PCL was -1.80% per year.
TSTE PCL (BKK:TSTE) 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
TSTE PCL had a gross margin of 23.68% 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.
TSTE PCL Gross Margin % Related Terms
TSTE PCL Gross Margin % Historical Data
* Premium members only.
The historical data trend for TSTE 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:TSTE vs ADM, BG, TSN: Gross Margin % Comparison
For the Farm Products subindustry, TSTE 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.
TSTE PCL Gross Margin % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, TSTE PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where TSTE 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.
TSTE PCL (BKK:TSTE) has a Gross Margin % of 23.68% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on TSTE PCL and its competitors. This is 19% above median its historical median of 19.93. Over the past decade, TSTE PCL's Gross Margin % has ranged from 16.74 to 26.20. According to the industry distribution chart, TSTE PCL ranks #1173 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 61.4%.
Is TSTE PCL's Gross Margin % too high?
TSTE PCL's current Gross Margin % of 23.68% is 19% above median its 10-year median of 19.93. Over the past 10 years, this metric has ranged from a low of 16.74 to a high of 26.20. The Consumer Packaged Goods industry median Gross Margin % is 26.35. TSTE PCL's value of 23.68% is 10.1% below this industry median. Based on the distribution chart, TSTE PCL ranks #1173 out of 1909 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, TSTE PCL has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TSTE PCL's Gross Margin % compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, TSTE PCL ranks #1173 out of 1909 companies for Gross Margin %. This places TSTE PCL in the lower half of its industry. The industry median Gross Margin % is 26.35. TSTE PCL's value of 23.68% is 10.1% below this benchmark. Historically, TSTE PCL's own Gross Margin % has ranged from 16.74 to 26.20 over the past decade. While the company's 10-year median is 19.93 vs. the industry median of 26.35, TSTE 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 a Consumer Packaged Goods company?
The median Gross Margin % among Consumer Packaged Goods companies is 26.35, based on 1,909 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. TSTE PCL's current Gross Margin % of 23.68% is 10.1% 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 TSTE PCL and its competitors. For the Consumer Packaged Goods industry, the median Gross Margin % is 26.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSTE PCL's current Gross Margin % is 23.68%, which is 19% above median its own 10-year median of 19.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSTE PCL stock overvalued right now?
Based on GuruFocus' analysis, TSTE PCL (BKK:TSTE) is currently considered Fairly Valued. The stock's GF Value™ is ฿10.66, compared to a current price of ฿10.50 — trading 1.5% below its estimated fair value. The current Gross Margin % is 23.68%, which is 19% above median its 10-year median of 19.93 and 10.1% below the Consumer Packaged Goods industry median of 26.35. TSTE PCL's overall GF Score™ is 78/100 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 TSTE PCL (BKK:TSTE), the current Gross Margin % is 23.68% 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 TSTE PCL (BKK:TSTE) Overvalued in 2026?
Based on GuruFocus' analysis, TSTE PCL stock appears to be undervalued.
The current stock price of ฿10.50 is trading 1.5% below its estimated GF Value™ of ฿10.66.
GuruFocus considers TSTE PCL to be Fairly Valued.
Key valuation signals for BKK:TSTE:
Gross Margin %: 23.68% (19% above median its 10-year median of 19.93)
GF Value™: ฿10.66 vs. price of ฿10.50 (1.5% below fair value)
Industry Position: 10.1% below the Consumer Packaged Goods median (#1173 of 1909)
No single metric tells the full story. See the BKK:TSTE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TSTE PCL is a Thailand-based company, which is a provider of logistics services. It operates businesses relating to transfer and transportation services , land rental, warehouse, and other assets rental, land trading operation, land lots appropriation and construction of buildings on land for sale, rental, hire-purchase for residential, real estate and office and commercial units. Its segments include Port service and Warehouse, Vegetable Oil and Packaging, Food and Raw Materials, Real Estate and other. Majority revenue is from the Vegetable Oil and Packaging segment.
78GF Score
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