Sermsang Power PCLBKK:SSP +0.51%81 Net Margin % is 29.87% as of Mar. 2026, which is 32% below its 10-year median of 43.66. GuruFocus rates BKK:SSP with a GF Score™ of 81/100 and a GF Value™ of ฿5.84 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 421 Utilities - Independent Power Producers companies, Sermsang Power PCL ranks better than 77.91% on this metric.
Sermsang Power PCL (BKK:SSP) 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.
Sermsang Power PCL Net Margin % Related Terms
Sermsang Power PCL Net Margin % Historical Data
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The historical data trend for Sermsang Power 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.
Sermsang Power PCL Net Margin % Competitor Comparison
For the Utilities - Renewable subindustry, Sermsang Power 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.
Sermsang Power PCL Net Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Sermsang Power PCL's Net Margin % distribution charts can be found below:
* The bar in red indicates where Sermsang Power 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.
Sermsang Power PCL (BKK:SSP) has a Net Margin % of 29.87% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Sermsang Power PCL and its competitors. This is 32% below median its historical median of 43.66. Over the past decade, Sermsang Power PCL's Net Margin % has ranged from 17.87 to 119.75. According to the industry distribution chart, Sermsang Power PCL ranks #93 out of 421 companies in the Utilities - Independent Power Producers industry, placing it in the top 22.1%.
Is Sermsang Power PCL's Net Margin % too high?
Sermsang Power PCL's current Net Margin % of 29.87% is 32% below median its 10-year median of 43.66. Over the past 10 years, this metric has ranged from a low of 17.87 to a high of 119.75. The Utilities - Independent Power Producers industry median Net Margin % is 6.17. Sermsang Power PCL's value of 29.87% is 384.1% above this industry median. Based on the distribution chart, Sermsang Power PCL ranks #93 out of 421 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Sermsang Power PCL has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sermsang Power PCL's Net Margin % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Sermsang Power PCL ranks #93 out of 421 companies for Net Margin %. This places Sermsang Power PCL in the top 22% of its industry — outperforming the majority of peers. The industry median Net Margin % is 6.17. Sermsang Power PCL's value of 29.87% is 384.1% above this benchmark. Historically, Sermsang Power PCL's own Net Margin % has ranged from 17.87 to 119.75 over the past decade. While the company's 10-year median is 43.66 vs. the industry median of 6.17, Sermsang Power 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 an Utilities - Independent Power Producers company?
The median Net Margin % among Utilities - Independent Power Producers companies is 6.17, based on 421 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. Sermsang Power PCL's current Net Margin % of 29.87% is 384.1% 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 Sermsang Power PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Net Margin % is 6.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sermsang Power PCL's current Net Margin % is 29.87%, which is 32% below median its own 10-year median of 43.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sermsang Power PCL stock overvalued right now?
Based on GuruFocus' analysis, Sermsang Power PCL (BKK:SSP) is currently considered Possible Value Trap. The stock's GF Value™ is ฿5.84, compared to a current price of ฿3.94 — trading 32.5% below its estimated fair value. The current Net Margin % is 29.87%, which is 32% below median its 10-year median of 43.66 and 384.1% above the Utilities - Independent Power Producers industry median of 6.17. Sermsang Power PCL's overall GF Score™ is 81/100 with 9 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 Sermsang Power PCL (BKK:SSP), the current Net Margin % is 29.87% 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 Sermsang Power PCL (BKK:SSP) Overvalued in 2026?
Based on GuruFocus' analysis, Sermsang Power PCL stock appears to be undervalued.
The current stock price of ฿3.94 is trading 32.5% below its estimated GF Value™ of ฿5.84.
GuruFocus considers Sermsang Power PCL to be Possible Value Trap.
Key valuation signals for BKK:SSP:
Net Margin %: 29.87% (32% below median its 10-year median of 43.66)
GF Value™: ฿5.84 vs. price of ฿3.94 (32.5% below fair value)
Industry Position: 384.1% above the Utilities - Independent Power Producers median (#93 of 421)
No single metric tells the full story. See the BKK:SSP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sermsang Power Corporation PCL is engaged in investment, consultancy, and the provision of services for energy businesses to related parties. The company's operating segments are the production and distribution of electricity from solar plants, Electricity distribution, and installation services relating to the solar roof system, Production and distribution of electricity from wind power plants, Production and distribution of electricity from biomass, and others. The firm generates a majority of its revenue from the Production and distribution of electricity from the solar power plants segment. Geographically, the company generates a majority share of the revenue from Thailand.
81GF Score
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