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Pacific Pipe PCLBKK:PAP +8.20%52 Net Margin % is 6.12% as of Mar. 2026, which is 488% above its 10-year median of 1.04. GuruFocus rates BKK:PAP with a GF Score™ of 52/100 and a GF Value™ of ฿1.89 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 611 Steel companies, Pacific Pipe PCL ranks better than 51.55% on this metric.
The historical rank and industry rank for Pacific Pipe PCL's Net Margin % or its related term are showing as below:
BKK:PAP'
s Net Margin % Range Over the Past 10 Years
Min: -3.32 Med: 1.04 Max: 7.81
Current: 2.1
BKK:PAP's Net Margin % is ranked better than 51.55% of 611
companies
in the Steel industry
Industry Median: 1.9
vs BKK:PAP: 2.10
Pacific Pipe PCL (BKK:PAP) 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.
Pacific Pipe PCL Net Margin % Related Terms
Pacific Pipe PCL Net Margin % Historical Data
* Premium members only.
The historical data trend for Pacific Pipe 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, Pacific Pipe 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.
Pacific Pipe PCL Net Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Pacific Pipe PCL's Net Margin % distribution charts can be found below:
* The bar in red indicates where Pacific Pipe 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.
Pacific Pipe PCL (BKK:PAP) has a Net Margin % of 6.12% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Pacific Pipe PCL and its competitors. This is 488% above median its historical median of 1.04. According to the industry distribution chart, Pacific Pipe PCL ranks #296 out of 611 companies in the Steel industry, placing it in the top 48.4%.
Is Pacific Pipe PCL's Net Margin % too high?
Pacific Pipe PCL's current Net Margin % of 6.12% is 488% above median its 10-year median of 1.04. The Steel industry median Net Margin % is 1.90. Pacific Pipe PCL's value of 6.12% is 222.1% above this industry median. Based on the distribution chart, Pacific Pipe PCL ranks #296 out of 611 companies in the Steel industry, which is above the industry midpoint. Overall, Pacific Pipe PCL has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pacific Pipe PCL's Net Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Pacific Pipe PCL ranks #296 out of 611 companies for Net Margin %. This puts Pacific Pipe PCL in the upper half of its industry. The industry median Net Margin % is 1.90. Pacific Pipe PCL's value of 6.12% is 222.1% above this benchmark. While the company's 10-year median is 1.04 vs. the industry median of 1.90, Pacific Pipe 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 1.90, 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. Pacific Pipe PCL's current Net Margin % of 6.12% is 222.1% 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 Pacific Pipe PCL and its competitors. For the Steel industry, the median Net Margin % is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pacific Pipe PCL's current Net Margin % is 6.12%, which is 488% above median its own 10-year median of 1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pacific Pipe PCL stock overvalued right now?
Based on GuruFocus' analysis, Pacific Pipe PCL (BKK:PAP) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿1.89, compared to a current price of ฿2.64 — trading 39.7% above its estimated fair value. The current Net Margin % is 6.12%, which is 488% above median its 10-year median of 1.04 and 222.1% above the Steel industry median of 1.90. Pacific Pipe PCL's overall GF Score™ is 52/100 with 7 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 Pacific Pipe PCL (BKK:PAP), the current Net Margin % is 6.12% 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 Pacific Pipe PCL (BKK:PAP) Overvalued in 2026?
Based on GuruFocus' analysis, Pacific Pipe PCL stock appears to be overvalued.
The current stock price of ฿2.64 is trading 39.7% above its estimated GF Value™ of ฿1.89.
GuruFocus considers Pacific Pipe PCL to be Significantly Overvalued.
Key valuation signals for BKK:PAP:
Net Margin %: 6.12% (488% above median its 10-year median of 1.04)
GF Value™: ฿1.89 vs. price of ฿2.64 (39.7% above fair value)
Industry Position: 222.1% above the Steel median (#296 of 611)
No single metric tells the full story. See the BKK:PAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pacific Pipe PCL is engaged in manufacturing and distributing steel pipes for construction work. The one reportable operating segment of the company is the manufacture and distribution of steel pipes, structural steel and contract of steel productions for construction work and the single geographical area of its operations is Thailand.
52GF Score
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