Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
2S Metal PCLBKK:2S 69 Net Margin % is 6.78% as of Mar. 2026, which is 180% above its 10-year median of 2.42. GuruFocus rates BKK:2S with a GF Score™ of 69/100 and a GF Value™ of ฿2.99 (Fairly Valued). The stock has 4 warning signs investors should review. Among 611 Steel companies, 2S Metal PCL ranks better than 58.76% on this metric.
Net margin is calculated as Net Income divided by its Revenue. 2S Metal PCL's Net Income for the
three
months ended in Mar. 2026 was ฿141 Mil. 2S Metal PCL's Revenue for the
three
months ended in Mar. 2026 was ฿2,081 Mil. Therefore, 2S Metal PCL's net margin for the quarter that ended in Mar. 2026 was 6.78%.
The historical rank and industry rank for 2S Metal PCL's Net Margin % or its related term are showing as below:
BKK:2S'
s Net Margin % Range Over the Past 10 Years
Min: -1.82 Med: 2.42 Max: 11.31
Current: 2.9
BKK:2S's Net Margin % is ranked better than 58.76% of 611
companies
in the Steel industry
Industry Median: 1.86
vs BKK:2S: 2.90
2S Metal PCL (BKK:2S) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
2S Metal PCL Net Margin % Related Terms
2S Metal PCL Net Margin % Historical Data
* Premium members only.
The historical data trend for 2S Metal PCL's Net 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 Steel subindustry, 2S Metal PCL's Net Margin %, along with its competitors' market caps and Net 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.
2S Metal PCL Net Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, 2S Metal PCL's Net Margin % distribution charts can be found below:
* The bar in red indicates where 2S Metal PCL's Net 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.
2S Metal PCL (BKK:2S) has a Net Margin % of 6.78% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on 2S Metal PCL and its competitors. This is 180% above median its historical median of 2.42. According to the industry distribution chart, 2S Metal PCL ranks #252 out of 611 companies in the Steel industry, placing it in the top 41.2%.
Is 2S Metal PCL's Net Margin % too high?
2S Metal PCL's current Net Margin % of 6.78% is 180% above median its 10-year median of 2.42. The Steel industry median Net Margin % is 1.86. 2S Metal PCL's value of 6.78% is 264.5% above this industry median. Based on the distribution chart, 2S Metal PCL ranks #252 out of 611 companies in the Steel industry, which is above the industry midpoint. Overall, 2S Metal PCL has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does 2S Metal PCL's Net Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, 2S Metal PCL ranks #252 out of 611 companies for Net Margin %. This puts 2S Metal PCL in the upper half of its industry. The industry median Net Margin % is 1.86. 2S Metal PCL's value of 6.78% is 264.5% above this benchmark. While the company's 10-year median is 2.42 vs. the industry median of 1.86, 2S Metal PCL has consistently been above 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 Net Margin % for a Steel company?
The median Net Margin % among Steel companies is 1.86, based on 611 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 2S Metal PCL's current Net Margin % of 6.78% is 264.5% above 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on 2S Metal PCL and its competitors. For the Steel industry, the median Net Margin % is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 2S Metal PCL's current Net Margin % is 6.78%, which is 180% above median its own 10-year median of 2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 2S Metal PCL stock overvalued right now?
Based on GuruFocus' analysis, 2S Metal PCL (BKK:2S) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.99, compared to a current price of ฿3.08 — trading 3% above its estimated fair value. The current Net Margin % is 6.78%, which is 180% above median its 10-year median of 2.42 and 264.5% above the Steel industry median of 1.86. 2S Metal PCL's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For 2S Metal PCL (BKK:2S), the current Net Margin % is 6.78% 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 2S Metal PCL (BKK:2S) Overvalued in 2026?
Based on GuruFocus' analysis, 2S Metal PCL stock appears to be overvalued.
The current stock price of ฿3.08 is trading 3% above its estimated GF Value™ of ฿2.99.
GuruFocus considers 2S Metal PCL to be Fairly Valued.
Key valuation signals for BKK:2S:
Net Margin %: 6.78% (180% above median its 10-year median of 2.42)
GF Value™: ฿2.99 vs. price of ฿3.08 (3% above fair value)
Industry Position: 264.5% above the Steel median (#252 of 611)
No single metric tells the full story. See the BKK:2S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
2S Metal PCL is a Thailand-based company engaged in the manufacture, distribution, and trade of steel products. It is mainly engaged in manufacturing steel pipes, steel plates, light lip channels, and steel wire mesh, and trading steel products. The company's operating segments are the trading of steel products, including raw materials, and the production and distribution of steel products. The majority of its revenue is generated from the production and distribution of steel products. Geographically, it derives maximum revenue from the local market and the rest from the Lao People's Democratic Republic.
69GF Score
Get the complete analysis for BKK:2S
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:2S has been successfully added to your 
