Bualuang Office Leasehold REIT (BKK:B-WORK) Net Margin %: 57.96% (As of Mar. 2026) — 23% Above Median

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BKK:B-WORK Bualuang Office Leasehold REIT BKK:B-WORK
62 GF Score
Price ฿6.55
GF Value ฿3.89
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Bualuang Office Leasehold REIT Net Margin %?

Bualuang Office Leasehold REIT BKK:B-WORK 62 Net Margin % is 57.96% as of Mar. 2026, which is 23% above its 10-year median of 47.27. GuruFocus rates BKK:B-WORK with a GF Score™ of 62/100 and a GF Value™ of ฿3.89 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 916 REITs companies, Bualuang Office Leasehold REIT ranks better than 52.73% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Bualuang Office Leasehold REIT's Net Income for the three months ended in Mar. 2026 was ฿78.5 Mil. Bualuang Office Leasehold REIT's Revenue for the three months ended in Mar. 2026 was ฿135.4 Mil. Therefore, Bualuang Office Leasehold REIT's net margin for the quarter that ended in Mar. 2026 was 57.96%.

The historical rank and industry rank for Bualuang Office Leasehold REIT's Net Margin % or its related term are showing as below:

BKK:B-WORK' s Net Margin % Range Over the Past 10 Years
Min: -24.44   Med: 47.27   Max: 76.76
Current: 47.84


BKK:B-WORK's Net Margin % is ranked better than
52.73% of 916 companies
in the REITs industry
Industry Median: 45.535 vs BKK:B-WORK: 47.84

Bualuang Office Leasehold REIT  (BKK:B-WORK) 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.


Bualuang Office Leasehold REIT Net Margin % Related Terms


Bualuang Office Leasehold REIT Net Margin % Historical Data

* Premium members only.

The historical data trend for Bualuang Office Leasehold REIT'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.

Bualuang Office Leasehold REIT Net Margin % Chart

Bualuang Office Leasehold REIT Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial 64.57 70.16 -24.44 -7.48 46.93

Bualuang Office Leasehold REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net 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 54.35 32.27 49.48 51.96 57.96

BKK:B-WORK vs BXP, ARE, VNO: Net Margin % Comparison

For the REIT - Office subindustry, Bualuang Office Leasehold REIT'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.


Bualuang Office Leasehold REIT Net Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Bualuang Office Leasehold REIT's Net Margin % distribution charts can be found below:

* The bar in red indicates where Bualuang Office Leasehold REIT's Net Margin % falls into.


BKK:B-WORK
62GF Score
Bualuang Office Leasehold REIT BKK:B-WORK
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bualuang Office Leasehold REIT Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Bualuang Office Leasehold REIT's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=252.505/538.009
=46.93 %

Bualuang Office Leasehold REIT's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=78.47/135.383
=57.96 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 57.96% mean?
Bualuang Office Leasehold REIT (BKK:B-WORK) has a Net Margin % of 57.96% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Bualuang Office Leasehold REIT and its competitors. This is 23% above median its historical median of 47.27. According to the industry distribution chart, Bualuang Office Leasehold REIT ranks #433 out of 916 companies in the REITs industry, placing it in the top 47.3%.
Is Bualuang Office Leasehold REIT's Net Margin % too high?
Bualuang Office Leasehold REIT's current Net Margin % of 57.96% is 23% above median its 10-year median of 47.27. The REITs industry median Net Margin % is 45.54. Bualuang Office Leasehold REIT's value of 57.96% is 27.3% above this industry median. Based on the distribution chart, Bualuang Office Leasehold REIT ranks #433 out of 916 companies in the REITs industry, which is above the industry midpoint. Overall, Bualuang Office Leasehold REIT has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bualuang Office Leasehold REIT's Net Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, Bualuang Office Leasehold REIT ranks #433 out of 916 companies for Net Margin %. This puts Bualuang Office Leasehold REIT in the upper half of its industry. The industry median Net Margin % is 45.54. Bualuang Office Leasehold REIT's value of 57.96% is 27.3% above this benchmark. While the company's 10-year median is 47.27 vs. the industry median of 45.54, Bualuang Office Leasehold REIT 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 REITs company?
The median Net Margin % among REITs companies is 45.54, based on 916 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. Bualuang Office Leasehold REIT's current Net Margin % of 57.96% is 27.3% 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 Bualuang Office Leasehold REIT and its competitors. For the REITs industry, the median Net Margin % is 45.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bualuang Office Leasehold REIT's current Net Margin % is 57.96%, which is 23% above median its own 10-year median of 47.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bualuang Office Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Bualuang Office Leasehold REIT (BKK:B-WORK) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿3.89, compared to a current price of ฿6.55 — trading 68.4% above its estimated fair value. The current Net Margin % is 57.96%, which is 23% above median its 10-year median of 47.27 and 27.3% above the REITs industry median of 45.54. Bualuang Office Leasehold REIT's overall GF Score™ is 62/100 with 8 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 Bualuang Office Leasehold REIT (BKK:B-WORK), the current Net Margin % is 57.96% 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 Bualuang Office Leasehold REIT (BKK:B-WORK) Overvalued in 2026?

Based on GuruFocus' analysis, Bualuang Office Leasehold REIT stock appears to be overvalued. The current stock price of ฿6.55 is trading 68.4% above its estimated GF Value™ of ฿3.89. GuruFocus considers Bualuang Office Leasehold REIT to be Significantly Overvalued.

Key valuation signals for BKK:B-WORK:

  • Net Margin %: 57.96% (23% above median its 10-year median of 47.27)
  • GF Value™: ฿3.89 vs. price of ฿6.55 (68.4% above fair value)
  • GF Score™: 62/100 with 8 warning signs
  • Industry Position: 27.3% above the REITs median (#433 of 916)

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


Bualuang Office Leasehold REIT Business Description

Industry Real EstateREITs
Address South Sathorn Road, 175 Sathorn City Tower, 7th, 21st and 26th Floor, Thungmahamek, Sathorn, Bangkok, THA, 10120
Bualuang Office Leasehold REIT is an investment company. The Trust's objectives are to raise funds from investors and use funds to invest in the leasehold properties by lease and/ or sublease under 2 projects as follows: 1. True Tower 1 Project and 2. True Tower 2 Project. The Trust's main operations are derived from rental and service income from investing in properties and leasehold rights, seeking the benefits from properties, and properties for rent. The Trust has only one geographical segment that operates only in Thailand.
62GF Score

Get the complete analysis for BKK:B-WORK

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

฿6.55
Price
฿3.89
GF Value