Zen Group PCL (BKK:ZEN) Gross Margin %: 39.05% (As of Mar. 2026) — 10% Below Median

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BKK:ZEN Zen Corp Group PCL BKK:ZEN
87 GF Score
Price ฿5.65
GF Value ฿6.68
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Zen Group PCL Gross Margin %?

Zen Group PCL BKK:ZEN -0.88% 87 Gross Margin % is 39.05% as of Mar. 2026, which is 10% below its 10-year median of 43.27. GuruFocus rates BKK:ZEN with a GF Score™ of 87/100 and a GF Value™ of ฿6.68 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 354 Restaurants companies, Zen Group PCL ranks worse than 60.73% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Zen Group PCL's Gross Profit for the three months ended in Mar. 2026 was ฿360 Mil. Zen Group PCL's Revenue for the three months ended in Mar. 2026 was ฿922 Mil. Therefore, Zen Group PCL's Gross Margin % for the quarter that ended in Mar. 2026 was 39.05%.

Warning Sign:

Zen Corp Group PCL gross margin has been in long-term decline. The average rate of decline per year is -3.2%.


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

BKK:ZEN' s Gross Margin % Range Over the Past 10 Years
Min: 22.53   Med: 43.27   Max: 47.74
Current: 38.73


During the past 11 years, the highest Gross Margin % of Zen Group PCL was 47.74%. The lowest was 22.53%. And the median was 43.27%.

BKK:ZEN's Gross Margin % is ranked worse than
60.73% of 354 companies
in the Restaurants industry
Industry Median: 45.685 vs BKK:ZEN: 38.73

Zen Group PCL had a gross margin of 39.05% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Zen Group PCL was -3.20% per year.


Zen Group PCL  (BKK:ZEN) 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

Zen Group PCL had a gross margin of 39.05% 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.


Zen Group PCL Gross Margin % Related Terms


Zen Group PCL Gross Margin % Historical Data

* Premium members only.

The historical data trend for Zen Group 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.

Zen Group PCL Gross Margin % Chart

Zen Group 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 43.73 45.69 42.81 40.34 39.13

Zen Group 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 40.41 40.52 38.20 37.09 39.05

BKK:ZEN vs MCD, SBUX, YUM: Gross Margin % Comparison

For the Restaurants subindustry, Zen Group 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.


Zen Group PCL Gross Margin % vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Zen Group PCL's Gross Margin % distribution charts can be found below:

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


BKK:ZEN
87GF Score
Zen Corp Group PCL BKK:ZEN
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Zen Group PCL Gross Margin % Calculation

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

Zen Group 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 )
=1544.8 / 3948.128
=(Revenue - Cost of Goods Sold) / Revenue
=(3948.128 - 2403.294) / 3948.128
=39.13 %

Zen Group 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 )
=360.2 / 922.452
=(Revenue - Cost of Goods Sold) / Revenue
=(922.452 - 562.217) / 922.452
=39.05 %

* 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 39.05% mean?
Zen Group PCL (BKK:ZEN) has a Gross Margin % of 39.05% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Zen Group PCL and its competitors. This is 10% below median its historical median of 43.27. Over the past decade, Zen Group PCL's Gross Margin % has ranged from 22.53 to 47.74. According to the industry distribution chart, Zen Group PCL ranks #215 out of 354 companies in the Restaurants industry, placing it in the top 60.7%.
Is Zen Group PCL's Gross Margin % too high?
Zen Group PCL's current Gross Margin % of 39.05% is 10% below median its 10-year median of 43.27. Over the past 10 years, this metric has ranged from a low of 22.53 to a high of 47.74. The Restaurants industry median Gross Margin % is 45.69. Zen Group PCL's value of 39.05% is 14.5% below this industry median. Based on the distribution chart, Zen Group PCL ranks #215 out of 354 companies in the Restaurants industry, which is below the industry midpoint. Overall, Zen Group PCL has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zen Group PCL's Gross Margin % compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Zen Group PCL ranks #215 out of 354 companies for Gross Margin %. This places Zen Group PCL in the lower half of its industry. The industry median Gross Margin % is 45.69. Zen Group PCL's value of 39.05% is 14.5% below this benchmark. Historically, Zen Group PCL's own Gross Margin % has ranged from 22.53 to 47.74 over the past decade. While the company's 10-year median is 43.27 vs. the industry median of 45.69, Zen Group 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 Restaurants company?
The median Gross Margin % among Restaurants companies is 45.69, based on 354 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. Zen Group PCL's current Gross Margin % of 39.05% is 14.5% 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 Zen Group PCL and its competitors. For the Restaurants industry, the median Gross Margin % is 45.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zen Group PCL's current Gross Margin % is 39.05%, which is 10% below median its own 10-year median of 43.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zen Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Zen Group PCL (BKK:ZEN) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿6.68, compared to a current price of ฿5.65 — trading 15.4% below its estimated fair value. The current Gross Margin % is 39.05%, which is 10% below median its 10-year median of 43.27 and 14.5% below the Restaurants industry median of 45.69. Zen Group PCL's overall GF Score™ is 87/100 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 Zen Group PCL (BKK:ZEN), the current Gross Margin % is 39.05% 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 Zen Group PCL (BKK:ZEN) Overvalued in 2026?

Based on GuruFocus' analysis, Zen Group PCL stock appears to be undervalued. The current stock price of ฿5.65 is trading 15.4% below its estimated GF Value™ of ฿6.68. GuruFocus considers Zen Group PCL to be Modestly Undervalued.

Key valuation signals for BKK:ZEN:

  • Gross Margin %: 39.05% (10% below median its 10-year median of 43.27)
  • GF Value™: ฿6.68 vs. price of ฿5.65 (15.4% below fair value)
  • GF Score™: 87/100 with 5 warning signs
  • Industry Position: 14.5% below the Restaurants median (#215 of 354)

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


Zen Group PCL Business Description

Address 662 Soi On Nut 17, Kwang Suanluang, Khet Suanluang, Bangkok, THA, 10250
Zen Corp Group PCL is engaged in providing management services to its subsidiaries and restaurants. It offers Japanese food, ranging from premium sushi and Yakiniku restaurants to contemporary Japanese cafes. The company operates ZEN Japanese Restaurant, Musha, AKA, On the Table, and Sushi Cyu. The company operates in only one segment which is the Food business. The majority of the revenue is generated from the sales of food and beverages in Thailand.
87GF Score

Get the complete analysis for BKK:ZEN

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

฿5.65
Price
฿6.68
GF Value