Bhiraj Office Leasehold REIT (BKK:BOFFICE) Net Margin %: 50.39% (As of Mar. 2026) — 13% Above Median

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BKK:BOFFICE Bhiraj Office Leasehold REIT BKK:BOFFICE
79 GF Score
Price ฿5.50
GF Value ฿4.89
Valuation Modestly Overvalued
! 11 Warning Signs
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What is Bhiraj Office Leasehold REIT Net Margin %?

Bhiraj Office Leasehold REIT BKK:BOFFICE 79 Net Margin % is 50.39% as of Mar. 2026, which is 13% above its 10-year median of 44.70. GuruFocus rates BKK:BOFFICE with a GF Score™ of 79/100 and a GF Value™ of ฿4.89 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 923 REITs companies, Bhiraj Office Leasehold REIT ranks worse than 54.28% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Bhiraj Office Leasehold REIT's Net Income for the three months ended in Mar. 2026 was ฿111.5 Mil. Bhiraj Office Leasehold REIT's Revenue for the three months ended in Mar. 2026 was ฿221.3 Mil. Therefore, Bhiraj Office Leasehold REIT's net margin for the quarter that ended in Mar. 2026 was 50.39%.

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

BKK:BOFFICE' s Net Margin % Range Over the Past 10 Years
Min: 11.9   Med: 44.7   Max: 66.88
Current: 41.57


BKK:BOFFICE's Net Margin % is ranked worse than
54.28% of 923 companies
in the REITs industry
Industry Median: 45.57 vs BKK:BOFFICE: 41.57

Bhiraj Office Leasehold REIT  (BKK:BOFFICE) 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.


Bhiraj Office Leasehold REIT Net Margin % Related Terms


Bhiraj Office Leasehold REIT Net Margin % Historical Data

* Premium members only.

The historical data trend for Bhiraj 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.

Bhiraj Office Leasehold REIT Net Margin % Chart

Bhiraj Office Leasehold REIT Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial 11.96 45.71 40.09 51.89 43.69

Bhiraj 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 58.85 25.81 40.60 49.64 50.39

BKK:BOFFICE vs BXP, ARE, VNO: Net Margin % Comparison

For the REIT - Office subindustry, Bhiraj 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.


Bhiraj Office Leasehold REIT Net Margin % vs REITs Industry

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

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


BKK:BOFFICE
79GF Score
Bhiraj Office Leasehold REIT BKK:BOFFICE
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bhiraj 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.

Bhiraj 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 )
=383.133/876.887
=43.69 %

Bhiraj 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 )
=111.528/221.341
=50.39 %

* 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 50.39% mean?
Bhiraj Office Leasehold REIT (BKK:BOFFICE) has a Net Margin % of 50.39% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Bhiraj Office Leasehold REIT and its competitors. This is 13% above median its historical median of 44.70. Over the past decade, Bhiraj Office Leasehold REIT's Net Margin % has ranged from 11.90 to 66.88. According to the industry distribution chart, Bhiraj Office Leasehold REIT ranks #501 out of 923 companies in the REITs industry, placing it in the top 54.3%.
Is Bhiraj Office Leasehold REIT's Net Margin % too high?
Bhiraj Office Leasehold REIT's current Net Margin % of 50.39% is 13% above median its 10-year median of 44.70. Over the past 10 years, this metric has ranged from a low of 11.90 to a high of 66.88. The REITs industry median Net Margin % is 45.57. Bhiraj Office Leasehold REIT's value of 50.39% is 10.6% above this industry median. Based on the distribution chart, Bhiraj Office Leasehold REIT ranks #501 out of 923 companies in the REITs industry, which is below the industry midpoint. Overall, Bhiraj Office Leasehold REIT has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bhiraj Office Leasehold REIT's Net Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, Bhiraj Office Leasehold REIT ranks #501 out of 923 companies for Net Margin %. This places Bhiraj Office Leasehold REIT in the lower half of its industry. The industry median Net Margin % is 45.57. Bhiraj Office Leasehold REIT's value of 50.39% is 10.6% above this benchmark. Historically, Bhiraj Office Leasehold REIT's own Net Margin % has ranged from 11.90 to 66.88 over the past decade. While the company's 10-year median is 44.70 vs. the industry median of 45.57, Bhiraj 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 45.57, based on 923 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. Bhiraj Office Leasehold REIT's current Net Margin % of 50.39% is 10.6% 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 Bhiraj Office Leasehold REIT and its competitors. For the REITs industry, the median Net Margin % is 45.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bhiraj Office Leasehold REIT's current Net Margin % is 50.39%, which is 13% above median its own 10-year median of 44.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bhiraj Office Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Bhiraj Office Leasehold REIT (BKK:BOFFICE) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿4.89, compared to a current price of ฿5.50 — trading 12.5% above its estimated fair value. The current Net Margin % is 50.39%, which is 13% above median its 10-year median of 44.70 and 10.6% above the REITs industry median of 45.57. Bhiraj Office Leasehold REIT's overall GF Score™ is 79/100 with 11 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 Bhiraj Office Leasehold REIT (BKK:BOFFICE), the current Net Margin % is 50.39% 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 Bhiraj Office Leasehold REIT (BKK:BOFFICE) Overvalued in 2026?

Based on GuruFocus' analysis, Bhiraj Office Leasehold REIT stock appears to be overvalued. The current stock price of ฿5.50 is trading 12.5% above its estimated GF Value™ of ฿4.89. GuruFocus considers Bhiraj Office Leasehold REIT to be Modestly Overvalued.

Key valuation signals for BKK:BOFFICE:

  • Net Margin %: 50.39% (13% above median its 10-year median of 44.70)
  • GF Value™: ฿4.89 vs. price of ฿5.50 (12.5% above fair value)
  • GF Score™: 79/100 with 11 warning signs
  • Industry Position: 10.6% above the REITs median (#501 of 923)

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


Bhiraj Office Leasehold REIT Business Description

Industry Real EstateREITs
Address Sukhumvit Road, 591 United Business Center II Building, 7th Floor, Khlong Tan Nuea, Wattana, Bangkok, THA, 10110
Bhiraj Office Leasehold REIT is a closed-end real estate investment trust. The company invests in long-term leasehold rights in the office building area. Its objectives are to mobilize funds raised from the selling of trust units and loans from the financial institution to invest in the leasehold right of Bhiraj Tower at the EmQuartier project and BHIRAJ TOWER at the BITEC project, which comprises the majority of the office rental areas and the associated operation areas. It operates in one segment, namely the lease of property investment in Thailand.
79GF Score

Get the complete analysis for BKK:BOFFICE

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

฿5.50
Price
฿4.89
GF Value