WP Energy PCL (BKK:WP) Gross Margin %: 4.32% (As of Mar. 2026) — Near Median


BKK:WP WP Energy PCL BKK:WP
64 GF Score
Price ฿3.72
GF Value ฿3.70
Valuation Fairly Valued
! 3 Warning Signs
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What is WP Energy PCL Gross Margin %?

WP Energy PCL BKK:WP -1.06% 64 Gross Margin % is 4.32% as of Mar. 2026, which is 3% below its 10-year median of 4.47. GuruFocus rates BKK:WP with a GF Score™ of 64/100 and a GF Value™ of ฿3.70 (Fairly Valued). The stock has 3 warning signs investors should review. Among 489 Utilities - Regulated companies, WP Energy PCL ranks worse than 95.5% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. WP Energy PCL's Gross Profit for the three months ended in Mar. 2026 was ฿182 Mil. WP Energy PCL's Revenue for the three months ended in Mar. 2026 was ฿4,208 Mil. Therefore, WP Energy PCL's Gross Margin % for the quarter that ended in Mar. 2026 was 4.32%.

Warning Sign:

WP Energy PCL gross margin has been in long-term decline. The average rate of decline per year is -7.8%.


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

BKK:WP' s Gross Margin % Range Over the Past 10 Years
Min: 3.59   Med: 4.47   Max: 5.64
Current: 3.99


During the past 12 years, the highest Gross Margin % of WP Energy PCL was 5.64%. The lowest was 3.59%. And the median was 4.47%.

BKK:WP's Gross Margin % is ranked worse than
95.5% of 489 companies
in the Utilities - Regulated industry
Industry Median: 31.04 vs BKK:WP: 3.99

WP Energy PCL had a gross margin of 4.32% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for WP Energy PCL was -7.80% per year.


WP Energy PCL  (BKK:WP) 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

WP Energy PCL had a gross margin of 4.32% for the quarter that ended in Mar. 2026 => No sustainable 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.


WP Energy PCL Gross Margin % Related Terms


WP Energy PCL Gross Margin % Historical Data

* Premium members only.

The historical data trend for WP 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.

WP Energy PCL Gross Margin % Chart

WP Energy 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 5.06 4.74 3.75 3.59 3.94

WP Energy 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 4.12 3.76 4.12 3.75 4.32

BKK:WP vs ATO, NI, UGI: Gross Margin % Comparison

For the Utilities - Regulated Gas subindustry, WP 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.


WP Energy PCL Gross Margin % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, WP Energy PCL's Gross Margin % distribution charts can be found below:

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


BKK:WP
64GF Score
WP Energy PCL BKK:WP
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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WP Energy PCL Gross Margin % Calculation

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

WP Energy 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 )
=680.7 / 17272.521
=(Revenue - Cost of Goods Sold) / Revenue
=(17272.521 - 16591.818) / 17272.521
=3.94 %

WP Energy 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 )
=182 / 4208.128
=(Revenue - Cost of Goods Sold) / Revenue
=(4208.128 - 4026.141) / 4208.128
=4.32 %

* 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 4.32% mean?
WP Energy PCL (BKK:WP) has a Gross Margin % of 4.32% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on WP Energy PCL and its competitors. This is near median its historical median of 4.47. Over the past decade, WP Energy PCL's Gross Margin % has ranged from 3.59 to 5.64. According to the industry distribution chart, WP Energy PCL ranks #467 out of 489 companies in the Utilities - Regulated industry, placing it in the top 95.5%.
Is WP Energy PCL's Gross Margin % too high?
WP Energy PCL's current Gross Margin % of 4.32% is near median its 10-year median of 4.47. Over the past 10 years, this metric has ranged from a low of 3.59 to a high of 5.64. The Utilities - Regulated industry median Gross Margin % is 31.04. WP Energy PCL's value of 4.32% is 86.1% below this industry median. Based on the distribution chart, WP Energy PCL ranks #467 out of 489 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, WP Energy PCL has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does WP Energy PCL's Gross Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, WP Energy PCL ranks #467 out of 489 companies for Gross Margin %. This places WP Energy PCL in the lower half of its industry. The industry median Gross Margin % is 31.04. WP Energy PCL's value of 4.32% is 86.1% below this benchmark. Historically, WP Energy PCL's own Gross Margin % has ranged from 3.59 to 5.64 over the past decade. While the company's 10-year median is 4.47 vs. the industry median of 31.04, WP Energy 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 an Utilities - Regulated company?
The median Gross Margin % among Utilities - Regulated companies is 31.04, based on 489 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. WP Energy PCL's current Gross Margin % of 4.32% is 86.1% 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 WP Energy PCL and its competitors. For the Utilities - Regulated industry, the median Gross Margin % is 31.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WP Energy PCL's current Gross Margin % is 4.32%, which is near median its own 10-year median of 4.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WP Energy PCL stock overvalued right now?
Based on GuruFocus' analysis, WP Energy PCL (BKK:WP) is currently considered Fairly Valued. The stock's GF Value™ is ฿3.70, compared to a current price of ฿3.72 — trading 0.5% above its estimated fair value. The current Gross Margin % is 4.32%, which is near median its 10-year median of 4.47 and 86.1% below the Utilities - Regulated industry median of 31.04. WP Energy PCL's overall GF Score™ is 64/100 with 3 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 WP Energy PCL (BKK:WP), the current Gross Margin % is 4.32% 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 WP Energy PCL (BKK:WP) Overvalued in 2026?

Based on GuruFocus' analysis, WP Energy PCL stock appears to be overvalued. The current stock price of ฿3.72 is trading 0.5% above its estimated GF Value™ of ฿3.70. GuruFocus considers WP Energy PCL to be Fairly Valued.

Key valuation signals for BKK:WP:

  • Gross Margin %: 4.32% (near median its 10-year median of 4.47)
  • GF Value™: ฿3.70 vs. price of ฿3.72 (0.5% above fair value)
  • GF Score™: 64/100 with 3 warning signs
  • Industry Position: 86.1% below the Utilities - Regulated median (#467 of 489)

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


WP Energy PCL Business Description

Address Vibhavadi Rangsit Road, Soi Viphavadi Rangsit 5, 1 East Water Buildings, 15th Floor, Chom Pon Sub-district, Chatuchak District, Bangkok, THA, 10900
WP Energy PCL is a comprehensive energy group mainly involved in the trading of liquid petroleum gas under the World Gas brand. It serves gas retailers, gas stations, bottling plants, industrial and commercial clients, and also engages in trading within the ASEAN region. The group also offers: engineering, installation, and maintenance services for gas stations and gas distribution systems; solar rooftop solutions; and transports oil, gas, and chemical substances. Its main business segments are: Trading of Liquefied Petroleum Gas (LPG), petroleum by-products and other related businesses, which generate maximum revenue; and Transportation of oil, gas and chemical substances. Geographically, the group generates maximum revenue from Thailand, followed by Singapore and Vietnam.
64GF Score

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

฿3.72
Price
฿3.70
GF Value