AP (Thailand) PCLBKK:AP +2.03%90 Net Margin % is 9.46% as of Mar. 2026, which is 33% below its 10-year median of 14.19. GuruFocus rates BKK:AP with a GF Score™ of 90/100 and a GF Value™ of ฿9.43 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,756 Real Estate companies, AP (Thailand) PCL ranks better than 55.58% on this metric.
The historical rank and industry rank for AP (Thailand) PCL's Net Margin % or its related term are showing as below:
BKK:AP'
s Net Margin % Range Over the Past 10 Years
Min: 11.12 Med: 14.19 Max: 15.91
Current: 11.12
BKK:AP's Net Margin % is ranked better than 55.58% of 1756
companies
in the Real Estate industry
Industry Median: 8.035
vs BKK:AP: 11.12
AP (Thailand) PCL (BKK:AP) 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.
AP (Thailand) PCL Net Margin % Related Terms
AP (Thailand) PCL Net Margin % Historical Data
* Premium members only.
The historical data trend for AP (Thailand) 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.
AP (Thailand) PCL Net Margin % Competitor Comparison
For the Real Estate - Development subindustry, AP (Thailand) 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.
AP (Thailand) PCL Net Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, AP (Thailand) PCL's Net Margin % distribution charts can be found below:
* The bar in red indicates where AP (Thailand) 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.
AP (Thailand) PCL (BKK:AP) has a Net Margin % of 9.46% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on AP (Thailand) PCL and its competitors. This is 33% below median its historical median of 14.19. Over the past decade, AP (Thailand) PCL's Net Margin % has ranged from 11.12 to 15.91. According to the industry distribution chart, AP (Thailand) PCL ranks #780 out of 1756 companies in the Real Estate industry, placing it in the top 44.4%.
Is AP (Thailand) PCL's Net Margin % too high?
AP (Thailand) PCL's current Net Margin % of 9.46% is 33% below median its 10-year median of 14.19. Over the past 10 years, this metric has ranged from a low of 11.12 to a high of 15.91. The Real Estate industry median Net Margin % is 8.04. AP (Thailand) PCL's value of 9.46% is 17.7% above this industry median. Based on the distribution chart, AP (Thailand) PCL ranks #780 out of 1756 companies in the Real Estate industry, which is above the industry midpoint. Overall, AP (Thailand) PCL has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AP (Thailand) PCL's Net Margin % compare to competitors?
According to the Real Estate industry distribution chart, AP (Thailand) PCL ranks #780 out of 1756 companies for Net Margin %. This puts AP (Thailand) PCL in the upper half of its industry. The industry median Net Margin % is 8.04. AP (Thailand) PCL's value of 9.46% is 17.7% above this benchmark. Historically, AP (Thailand) PCL's own Net Margin % has ranged from 11.12 to 15.91 over the past decade. While the company's 10-year median is 14.19 vs. the industry median of 8.04, AP (Thailand) 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 Real Estate company?
The median Net Margin % among Real Estate companies is 8.04, based on 1,756 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. AP (Thailand) PCL's current Net Margin % of 9.46% is 17.7% 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 AP (Thailand) PCL and its competitors. For the Real Estate industry, the median Net Margin % is 8.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AP (Thailand) PCL's current Net Margin % is 9.46%, which is 33% below median its own 10-year median of 14.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AP (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, AP (Thailand) PCL (BKK:AP) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿9.43, compared to a current price of ฿7.55 — trading 19.9% below its estimated fair value. The current Net Margin % is 9.46%, which is 33% below median its 10-year median of 14.19 and 17.7% above the Real Estate industry median of 8.04. AP (Thailand) PCL's overall GF Score™ is 90/100 with 3 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 AP (Thailand) PCL (BKK:AP), the current Net Margin % is 9.46% 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 AP (Thailand) PCL (BKK:AP) Overvalued in 2026?
Based on GuruFocus' analysis, AP (Thailand) PCL stock appears to be undervalued.
The current stock price of ฿7.55 is trading 19.9% below its estimated GF Value™ of ฿9.43.
GuruFocus considers AP (Thailand) PCL to be Modestly Undervalued.
Key valuation signals for BKK:AP:
Net Margin %: 9.46% (33% below median its 10-year median of 14.19)
GF Value™: ฿9.43 vs. price of ฿7.55 (19.9% below fair value)
Industry Position: 17.7% above the Real Estate median (#780 of 1756)
No single metric tells the full story. See the BKK:AP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AP (Thailand) PCL is principally engaged in real estate development and its subsidiaries operate in property development with a focus on residential projects including townhouses, single-detached houses, and condominiums. The company derives the vast majority of its income from property sales.
90GF Score
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