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TQM Alpha PCLBKK:TQM -1.78%90 Net Margin % is 18.56% as of Mar. 2026, which is 6% below its 10-year median of 19.72. GuruFocus rates BKK:TQM with a GF Score™ of 90/100 and a GF Value™ of ฿24.36 (Significantly Undervalued). The stock has 11 warning signs investors should review. Among 500 Insurance companies, TQM Alpha PCL ranks better than 80.2% on this metric.
Net margin is calculated as Net Income divided by its Revenue. TQM Alpha PCL's Net Income for the
three
months ended in Mar. 2026 was ฿186 Mil. TQM Alpha PCL's Revenue for the
three
months ended in Mar. 2026 was ฿1,001 Mil. Therefore, TQM Alpha PCL's net margin for the quarter that ended in Mar. 2026 was 18.56%.
The historical rank and industry rank for TQM Alpha PCL's Net Margin % or its related term are showing as below:
BKK:TQM'
s Net Margin % Range Over the Past 10 Years
Min: 1.75 Med: 19.72 Max: 25.19
Current: 18.32
BKK:TQM's Net Margin % is ranked better than 80.2% of 500
companies
in the Insurance industry
Industry Median: 9.145
vs BKK:TQM: 18.32
TQM Alpha PCL (BKK:TQM) 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.
TQM Alpha PCL Net Margin % Related Terms
TQM Alpha PCL Net Margin % Historical Data
* Premium members only.
The historical data trend for TQM Alpha 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.
BKK:TQM vs MRSH, AON, AJG: Net Margin % Comparison
For the Insurance Brokers subindustry, TQM Alpha 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.
TQM Alpha PCL Net Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, TQM Alpha PCL's Net Margin % distribution charts can be found below:
* The bar in red indicates where TQM Alpha 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.
TQM Alpha PCL (BKK:TQM) has a Net Margin % of 18.56% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on TQM Alpha PCL and its competitors. This is near median its historical median of 19.72. Over the past decade, TQM Alpha PCL's Net Margin % has ranged from 1.75 to 25.19. According to the industry distribution chart, TQM Alpha PCL ranks #99 out of 500 companies in the Insurance industry, placing it in the top 19.8%.
Is TQM Alpha PCL's Net Margin % too high?
TQM Alpha PCL's current Net Margin % of 18.56% is near median its 10-year median of 19.72. Over the past 10 years, this metric has ranged from a low of 1.75 to a high of 25.19. The Insurance industry median Net Margin % is 9.15. TQM Alpha PCL's value of 18.56% is 103% above this industry median. Based on the distribution chart, TQM Alpha PCL ranks #99 out of 500 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, TQM Alpha PCL has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TQM Alpha PCL's Net Margin % compare to MRSH and AON?
According to the Insurance industry distribution chart, TQM Alpha PCL ranks #99 out of 500 companies for Net Margin %. This places TQM Alpha PCL in the top 20% of its industry — outperforming the majority of peers. The industry median Net Margin % is 9.15. TQM Alpha PCL's value of 18.56% is 103% above this benchmark. Historically, TQM Alpha PCL's own Net Margin % has ranged from 1.75 to 25.19 over the past decade. While the company's 10-year median is 19.72 vs. the industry median of 9.15, TQM Alpha 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 Insurance company?
The median Net Margin % among Insurance companies is 9.15, based on 500 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. TQM Alpha PCL's current Net Margin % of 18.56% is 103% 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 TQM Alpha PCL and its competitors. For the Insurance industry, the median Net Margin % is 9.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TQM Alpha PCL's current Net Margin % is 18.56%, which is near median its own 10-year median of 19.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TQM Alpha PCL stock overvalued right now?
Based on GuruFocus' analysis, TQM Alpha PCL (BKK:TQM) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿24.36, compared to a current price of ฿16.60 — trading 31.9% below its estimated fair value. The current Net Margin % is 18.56%, which is near median its 10-year median of 19.72 and 103% above the Insurance industry median of 9.15. TQM Alpha PCL's overall GF Score™ is 90/100 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 TQM Alpha PCL (BKK:TQM), the current Net Margin % is 18.56% 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 TQM Alpha PCL (BKK:TQM) Overvalued in 2026?
Based on GuruFocus' analysis, TQM Alpha PCL stock appears to be undervalued.
The current stock price of ฿16.60 is trading 31.9% below its estimated GF Value™ of ฿24.36.
GuruFocus considers TQM Alpha PCL to be Significantly Undervalued.
Key valuation signals for BKK:TQM:
Net Margin %: 18.56% (near median its 10-year median of 19.72)
GF Value™: ฿24.36 vs. price of ฿16.60 (31.9% below fair value)
Industry Position: 103% above the Insurance median (#99 of 500)
No single metric tells the full story. See the BKK:TQM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TQM Alpha PCL is engaged in investment in companies that are focused on non-life insurance brokers, life insurance brokers, reinsurance brokers, personal loans, and the provision of services as a manager, caregiver, collect benefits, and property management for related parties. It also provides procurement and consulting services for computer software and hardware.
90GF Score
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