INDOY (Indorama Ventures PCL) Gross Margin %: 11.79% (As of Mar. 2026) — 16% Below Median


INDOY Indorama Ventures PCL INDOY
72 GF Score
Price $7.03
GF Value $6.20
! 6 Warning Signs
View Full Analysis

What is Indorama Ventures PCL Gross Margin %?

Indorama Ventures PCL INDOY 72 Gross Margin % is 11.79% as of Mar. 2026, which is 16% below its 10-year median of 14.10. GuruFocus rates INDOY with a GF Score™ of 72/100 and a GF Value™ of $6.20. The stock has 6 warning signs investors should review. Among 1,565 Chemicals companies, Indorama Ventures PCL ranks worse than 81.41% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Indorama Ventures PCL's Gross Profit for the three months ended in Mar. 2026 was $400 Mil. Indorama Ventures PCL's Revenue for the three months ended in Mar. 2026 was $3,390 Mil. Therefore, Indorama Ventures PCL's Gross Margin % for the quarter that ended in Mar. 2026 was 11.79%.

Warning Sign:

Indorama Ventures PCL gross margin has been in long-term decline. The average rate of decline per year is -5.5%.


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

INDOY' s Gross Margin % Range Over the Past 10 Years
Min: 10.97   Med: 14.1   Max: 18.2
Current: 10.97


During the past 13 years, the highest Gross Margin % of Indorama Ventures PCL was 18.20%. The lowest was 10.97%. And the median was 14.10%.

INDOY's Gross Margin % is ranked worse than
81.41% of 1565 companies
in the Chemicals industry
Industry Median: 23.38 vs INDOY: 10.97

Indorama Ventures PCL had a gross margin of 11.79% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Indorama Ventures PCL was -5.50% per year.


Indorama Ventures PCL  (OTCPK:INDOY) 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

Indorama Ventures PCL had a gross margin of 11.79% 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.


Indorama Ventures PCL Gross Margin % Related Terms


Indorama Ventures PCL Gross Margin % Historical Data

* Premium members only.

The historical data trend for Indorama Ventures 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.

Indorama Ventures PCL Gross Margin % Chart

Indorama Ventures 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 18.20 17.06 12.08 13.90 11.14

Indorama Ventures 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 12.38 12.66 10.75 8.38 11.79

INDOY vs DOW: Gross Margin % Comparison

For the Chemicals subindustry, Indorama Ventures 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.


Indorama Ventures PCL Gross Margin % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Indorama Ventures PCL's Gross Margin % distribution charts can be found below:

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


INDOY
72GF Score
Indorama Ventures PCL INDOY
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indorama Ventures PCL Gross Margin % Calculation

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

Indorama Ventures 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 )
=1578.5 / 14164.547
=(Revenue - Cost of Goods Sold) / Revenue
=(14164.547 - 12586.026) / 14164.547
=11.14 %

Indorama Ventures 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 )
=399.6 / 3389.844
=(Revenue - Cost of Goods Sold) / Revenue
=(3389.844 - 2990.199) / 3389.844
=11.79 %

* 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 11.79% mean?
Indorama Ventures PCL (INDOY) has a Gross Margin % of 11.79% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Indorama Ventures PCL and its competitors. This is 16% below median its historical median of 14.10. Over the past decade, Indorama Ventures PCL's Gross Margin % has ranged from 10.97 to 18.20. According to the industry distribution chart, Indorama Ventures PCL ranks #1274 out of 1565 companies in the Chemicals industry, placing it in the top 81.4%.
Is Indorama Ventures PCL's Gross Margin % too high?
Indorama Ventures PCL's current Gross Margin % of 11.79% is 16% below median its 10-year median of 14.10. Over the past 10 years, this metric has ranged from a low of 10.97 to a high of 18.20. The Chemicals industry median Gross Margin % is 23.38. Indorama Ventures PCL's value of 11.79% is 49.6% below this industry median. Based on the distribution chart, Indorama Ventures PCL ranks #1274 out of 1565 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Indorama Ventures PCL has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Indorama Ventures PCL's Gross Margin % compare to DOW?
According to the Chemicals industry distribution chart, Indorama Ventures PCL ranks #1274 out of 1565 companies for Gross Margin %. This places Indorama Ventures PCL in the lower half of its industry. The industry median Gross Margin % is 23.38. Indorama Ventures PCL's value of 11.79% is 49.6% below this benchmark. Historically, Indorama Ventures PCL's own Gross Margin % has ranged from 10.97 to 18.20 over the past decade. While the company's 10-year median is 14.10 vs. the industry median of 23.38, Indorama Ventures 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 Chemicals company?
The median Gross Margin % among Chemicals companies is 23.38, based on 1,565 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. Indorama Ventures PCL's current Gross Margin % of 11.79% is 49.6% 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 Indorama Ventures PCL and its competitors. For the Chemicals industry, the median Gross Margin % is 23.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indorama Ventures PCL's current Gross Margin % is 11.79%, which is 16% below median its own 10-year median of 14.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indorama Ventures PCL stock overvalued right now?
Indorama Ventures PCL (INDOY) has a current Gross Margin % of 11.79%. The stock's GF Value™ is $6.20, compared to a current price of $7.03 — trading 13.4% above its estimated fair value. The current Gross Margin % is 11.79%, which is 16% below median its 10-year median of 14.10 and 49.6% below the Chemicals industry median of 23.38. Indorama Ventures PCL's overall GF Score™ is 72/100 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 Indorama Ventures PCL (INDOY), the current Gross Margin % is 11.79% 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 Indorama Ventures PCL (INDOY) Overvalued in 2026?

Based on GuruFocus' analysis, Indorama Ventures PCL stock appears to be overvalued. The current stock price of $7.03 is trading 13.4% above its estimated GF Value™ of $6.20.

Key valuation signals for INDOY:

  • Gross Margin %: 11.79% (16% below median its 10-year median of 14.10)
  • GF Value™: $6.20 vs. price of $7.03 (13.4% above fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 49.6% below the Chemicals median (#1274 of 1565)

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


Indorama Ventures PCL Business Description

Other Exchanges IVL:ThailandI93:Germany
Address Asoke Road, Klongtoeynua, 37th Floor, Soi Sukhumvit 19, 75/102, Ocean Tower II, Wattana, Bangkok, THA, 10110
Indorama Ventures PCL is engaged in the manufacture and distribution of Polyethylene Terephthalate, Purified Terephthalic Acid, Paraxylene, recycling, Purified Isophthalic Acid, Naphthalene Dicarboxylate, PET preforms and packaging, Integrated EG, Integrated purified EO, PO/MTBE, Integrated Surfactants comprising EOA, LAB and others, Fibers including Polyester, Rayon, Nylon, Polypropylene, composites and worsted wool fibers products. The company operates in three reportable segments Combined PET, Integrated Oxides and Derivatives and Fibers. The maximum revenue is derived from the Combined PET segment.
72GF Score

Get the complete analysis for INDOY

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

$7.03
Price
$6.20
GF Value