The historical rank and industry rank for Thai Airways International PCL's Net Margin % or its related term are showing as below:
BKK:THAI'
s Net Margin % Range Over the Past 10 Years
Min: -295.85 Med: -0.69 Max: 255.51
Current: 17.05
BKK:THAI's Net Margin % is ranked better than 81.35% of 1008
companies
in the Transportation industry
Industry Median: 4.98
vs BKK:THAI: 17.05
Thai Airways International PCL (BKK:THAI) 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.
Thai Airways International PCL Net Margin % Related Terms
Thai Airways International PCL Net Margin % Historical Data
* 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.
BKK:THAI vs DAL, UAL, LUV: Net Margin % Comparison
For the Airlines subindustry, Thai Airways International 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.
Thai Airways International PCL Net Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Thai Airways International PCL's Net Margin % distribution charts can be found below:
* The bar in red indicates where Thai Airways International 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.
Thai Airways International PCL (BKK:THAI) has a Net Margin % of 20.31% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Thai Airways International PCL and its competitors. According to the industry distribution chart, Thai Airways International PCL ranks #188 out of 1008 companies in the Transportation industry, placing it in the top 18.7%.
Is Thai Airways International PCL's Net Margin % too high?
Thai Airways International PCL's current Net Margin % is 20.31%. The Transportation industry median Net Margin % is 4.98. Thai Airways International PCL's value of 20.31% is 307.8% above this industry median. Based on the distribution chart, Thai Airways International PCL ranks #188 out of 1008 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Airways International PCL has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Airways International PCL's Net Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Thai Airways International PCL ranks #188 out of 1008 companies for Net Margin %. This places Thai Airways International PCL in the top 19% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.98. Thai Airways International PCL's value of 20.31% is 307.8% above this benchmark. 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 Transportation company?
The median Net Margin % among Transportation companies is 4.98, based on 1,008 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. Thai Airways International PCL's current Net Margin % of 20.31% is 307.8% 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 Thai Airways International PCL and its competitors. For the Transportation industry, the median Net Margin % is 4.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Airways International PCL's current Net Margin % is 20.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Airways International PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Airways International PCL (BKK:THAI) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.35, compared to a current price of ฿6.10 — trading 1642.9% above its estimated fair value. The current Net Margin % is 20.31% and 307.8% above the Transportation industry median of 4.98. Thai Airways International PCL's overall GF Score™ is 37/100 with 4 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 Thai Airways International PCL (BKK:THAI), the current Net Margin % is 20.31% 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 Thai Airways International PCL (BKK:THAI) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Airways International PCL stock appears to be overvalued.
The current stock price of ฿6.10 is trading 1642.9% above its estimated GF Value™ of ฿0.35.
GuruFocus considers Thai Airways International PCL to be Significantly Overvalued.
Key valuation signals for BKK:THAI:
Net Margin %: 20.31%
GF Value™: ฿0.35 vs. price of ฿6.10 (1642.9% above fair value)
Industry Position: 307.8% above the Transportation median (#188 of 1008)
No single metric tells the full story. See the BKK:THAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Airways International PCL Business Description
Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company segments are Air Transport, Business Units, and Others. The air transport business focuses on the transportation of passengers, cargo, and mail, and utilizes scheduled and chartered flights to domestic and international destinations. The business units segment ensures all flights reach their destination on time and at the correct location, and offers support with cargo terminal handling, group equipment services, and catering services. The other segments include the sale of duty-free goods, the sale of souvenir products from the maintenance division, and the operation of subsidiaries. The majority of revenue originates from Asia from Air Transport.
37GF Score
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