Thai BeverageTBVPF 58 Gross Margin % is 32.33% as of Mar. 2026, which is 9% above its 10-year median of 29.59. GuruFocus rates TBVPF with a GF Score™ of 58/100 and a GF Value™ of $0.40 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 205 Beverages - Alcoholic companies, Thai Beverage ranks worse than 72.2% on this metric.
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 Beverage had a gross margin of 32.33% 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 Beverage Gross Margin % Related Terms
Thai Beverage Gross Margin % Historical Data
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The historical data trend for Thai Beverage'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.
For the Beverages - Wineries & Distilleries subindustry, Thai Beverage'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 Beverage Gross Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Thai Beverage's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Thai Beverage'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 Beverage (TBVPF) has a Gross Margin % of 32.33% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Thai Beverage and its competitors. This is near median its historical median of 29.59. Over the past decade, Thai Beverage's Gross Margin % has ranged from 28.95 to 31.98. According to the industry distribution chart, Thai Beverage ranks #148 out of 205 companies in the Beverages - Alcoholic industry, placing it in the top 72.2%.
Is Thai Beverage's Gross Margin % too high?
Thai Beverage's current Gross Margin % of 32.33% is near median its 10-year median of 29.59. Over the past 10 years, this metric has ranged from a low of 28.95 to a high of 31.98. The Beverages - Alcoholic industry median Gross Margin % is 42.29. Thai Beverage's value of 32.33% is 23.6% below this industry median. Based on the distribution chart, Thai Beverage ranks #148 out of 205 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Thai Beverage has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Beverage's Gross Margin % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Thai Beverage ranks #148 out of 205 companies for Gross Margin %. This places Thai Beverage in the lower half of its industry. The industry median Gross Margin % is 42.29. Thai Beverage's value of 32.33% is 23.6% below this benchmark. Historically, Thai Beverage's own Gross Margin % has ranged from 28.95 to 31.98 over the past decade. While the company's 10-year median is 29.59 vs. the industry median of 42.29, Thai Beverage 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 Beverages - Alcoholic company?
The median Gross Margin % among Beverages - Alcoholic companies is 42.29, based on 205 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 Beverage's current Gross Margin % of 32.33% is 23.6% 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 Thai Beverage and its competitors. For the Beverages - Alcoholic industry, the median Gross Margin % is 42.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Beverage's current Gross Margin % is 32.33%, which is near median its own 10-year median of 29.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Beverage stock overvalued right now?
Based on GuruFocus' analysis, Thai Beverage (TBVPF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.40, compared to a current price of $0.34 — trading 16.1% below its estimated fair value. The current Gross Margin % is 32.33%, which is near median its 10-year median of 29.59 and 23.6% below the Beverages - Alcoholic industry median of 42.29. Thai Beverage's overall GF Score™ is 58/100 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 Thai Beverage (TBVPF), the current Gross Margin % is 32.33% 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 Beverage (TBVPF) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Beverage stock appears to be undervalued.
The current stock price of $0.34 is trading 16.1% below its estimated GF Value™ of $0.40.
GuruFocus considers Thai Beverage to be Modestly Undervalued.
Key valuation signals for TBVPF:
Gross Margin %: 32.33% (near median its 10-year median of 29.59)
GF Value™: $0.40 vs. price of $0.34 (16.1% below fair value)
Industry Position: 23.6% below the Beverages - Alcoholic median (#148 of 205)
No single metric tells the full story. See the TBVPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Beverage PLC is a Thailand-based company engaged in producing and distributing alcoholic and non-alcoholic beverages and food. The company's operating segments include Spirits; production and sales of branded spirits products and soda. Beer: production and sales of raw materials, branded beer products, Chang soda and Chang water. Non-alcoholic beverages: production and sales of branded water, ready-to-drink coffee, energy drink, green tea, fruit flavored drinks and dairy products. Food: restaurants and distribution of food and beverages; and Others: publishing and printing. Key revenue is generated from Beer. It operates in Thailand, which generates the majority of revenue, Vietnam, Malaysia, Myanmar, Singapore and others.
58GF Score
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