Thai Industrial Fund 1 (BKK:TIF1) Net Margin %: 103.56% (As of Dec. 2025) — 32% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:TIF1 Thai Industrial Fund 1 BKK:TIF1
79 GF Score
Price ฿7.90
GF Value ฿8.50
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Thai Industrial Fund 1 Net Margin %?

Thai Industrial Fund 1 BKK:TIF1 -1.25% 79 Net Margin % is 103.56% as of Dec. 2025, which is 32% above its 10-year median of 78.65. GuruFocus rates BKK:TIF1 with a GF Score™ of 79/100 and a GF Value™ of ฿8.50 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,571 Asset Management companies, Thai Industrial Fund 1 ranks worse than 50.22% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Thai Industrial Fund 1's Net Income for the three months ended in Dec. 2025 was ฿18.06 Mil. Thai Industrial Fund 1's Revenue for the three months ended in Dec. 2025 was ฿17.44 Mil. Therefore, Thai Industrial Fund 1's net margin for the quarter that ended in Dec. 2025 was 103.56%.

The historical rank and industry rank for Thai Industrial Fund 1's Net Margin % or its related term are showing as below:

BKK:TIF1' s Net Margin % Range Over the Past 10 Years
Min: 69.26   Med: 78.65   Max: 92.34
Current: 85.22


BKK:TIF1's Net Margin % is ranked worse than
50.22% of 1571 companies
in the Asset Management industry
Industry Median: 85.3 vs BKK:TIF1: 85.22

Thai Industrial Fund 1  (BKK:TIF1) 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 Industrial Fund 1 Net Margin % Related Terms


Thai Industrial Fund 1 Net Margin % Historical Data

* Premium members only.

The historical data trend for Thai Industrial Fund 1'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.

Thai Industrial Fund 1 Net Margin % Chart

Thai Industrial Fund 1 Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 69.26 77.51 79.79 77.09 69.97

Thai Industrial Fund 1 Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 79.39 79.51 77.10 80.32 103.56

BKK:TIF1 vs BLK, BX, KKR: Net Margin % Comparison

For the Asset Management subindustry, Thai Industrial Fund 1'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 Industrial Fund 1 Net Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Thai Industrial Fund 1's Net Margin % distribution charts can be found below:

* The bar in red indicates where Thai Industrial Fund 1's Net Margin % falls into.


BKK:TIF1
79GF Score
Thai Industrial Fund 1 BKK:TIF1
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thai Industrial Fund 1 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.

Thai Industrial Fund 1's Net Margin for the fiscal year that ended in Mar. 2025 is calculated as

Net Margin=Net Income (A: Mar. 2025 )/Revenue (A: Mar. 2025 )
=47.529/67.923
=69.97 %

Thai Industrial Fund 1's Net Margin for the quarter that ended in Dec. 2025 is calculated as

Net Margin=Net Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=18.055/17.435
=103.56 %

* 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 103.56% mean?
Thai Industrial Fund 1 (BKK:TIF1) has a Net Margin % of 103.56% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Thai Industrial Fund 1 and its competitors. This is 32% above median its historical median of 78.65. Over the past decade, Thai Industrial Fund 1's Net Margin % has ranged from 69.26 to 92.34. According to the industry distribution chart, Thai Industrial Fund 1 ranks #789 out of 1571 companies in the Asset Management industry, placing it in the top 50.2%.
Is Thai Industrial Fund 1's Net Margin % too high?
Thai Industrial Fund 1's current Net Margin % of 103.56% is 32% above median its 10-year median of 78.65. Over the past 10 years, this metric has ranged from a low of 69.26 to a high of 92.34. The Asset Management industry median Net Margin % is 85.30. Thai Industrial Fund 1's value of 103.56% is 21.4% above this industry median. Based on the distribution chart, Thai Industrial Fund 1 ranks #789 out of 1571 companies in the Asset Management industry, which is below the industry midpoint. Overall, Thai Industrial Fund 1 has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thai Industrial Fund 1's Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Thai Industrial Fund 1 ranks #789 out of 1571 companies for Net Margin %. This places Thai Industrial Fund 1 in the lower half of its industry. The industry median Net Margin % is 85.30. Thai Industrial Fund 1's value of 103.56% is 21.4% above this benchmark. Historically, Thai Industrial Fund 1's own Net Margin % has ranged from 69.26 to 92.34 over the past decade. While the company's 10-year median is 78.65 vs. the industry median of 85.30, Thai Industrial Fund 1 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 Asset Management company?
The median Net Margin % among Asset Management companies is 85.30, based on 1,571 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 Industrial Fund 1's current Net Margin % of 103.56% is 21.4% 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 Industrial Fund 1 and its competitors. For the Asset Management industry, the median Net Margin % is 85.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Industrial Fund 1's current Net Margin % is 103.56%, which is 32% above median its own 10-year median of 78.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Industrial Fund 1 stock overvalued right now?
Based on GuruFocus' analysis, Thai Industrial Fund 1 (BKK:TIF1) is currently considered Fairly Valued. The stock's GF Value™ is ฿8.50, compared to a current price of ฿7.90 — trading 7.1% below its estimated fair value. The current Net Margin % is 103.56%, which is 32% above median its 10-year median of 78.65 and 21.4% above the Asset Management industry median of 85.30. Thai Industrial Fund 1's overall GF Score™ is 79/100 with 6 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 Industrial Fund 1 (BKK:TIF1), the current Net Margin % is 103.56% as of Dec. 2025. 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 Industrial Fund 1 (BKK:TIF1) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Industrial Fund 1 stock appears to be undervalued. The current stock price of ฿7.90 is trading 7.1% below its estimated GF Value™ of ฿8.50. GuruFocus considers Thai Industrial Fund 1 to be Fairly Valued.

Key valuation signals for BKK:TIF1:

  • Net Margin %: 103.56% (32% above median its 10-year median of 78.65)
  • GF Value™: ฿8.50 vs. price of ฿7.90 (7.1% below fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 21.4% above the Asset Management median (#789 of 1571)

No single metric tells the full story. See the BKK:TIF1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thai Industrial Fund 1 Business Description

Address Rama 1 Road, Floor 9th, 24th, No. 989 Siam Piwat Tower, Patumwan District, Bangkok, THA, 10330
Thai Industrial Fund 1 is an asset management company. The objective of the fund is to raise funds from general investors and to use the proceeds from such fundraising for the purchase and/or lease of immovable properties or property lease rights. It invests in land and factory buildings, industrial parks, and industrial promotion zone in Thailand. The one reportable operating segment of the Fund is to provide the rental on property in which the Fund has invested and the single geographical area of its operations is Thailand.
79GF Score

Get the complete analysis for BKK:TIF1

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

฿7.90
Price
฿8.50
GF Value