Thaivivat Holdings PCL (BKK:TVH) Net Margin %: 8.89% (As of Mar. 2026) — 81% Above Median


BKK:TVH Thaivivat Holdings PCL BKK:TVH
34 GF Score
Price ฿10.10
GF Value ฿9.35
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Thaivivat Holdings PCL Net Margin %?

Thaivivat Holdings PCL BKK:TVH 34 Net Margin % is 8.89% as of Mar. 2026, which is 81% above its 10-year median of 4.91. GuruFocus rates BKK:TVH with a GF Score™ of 34/100 and a GF Value™ of ฿9.35 (Fairly Valued). The stock has 4 warning signs investors should review. Among 505 Insurance companies, Thaivivat Holdings PCL ranks worse than 60.59% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Thaivivat Holdings PCL's Net Income for the three months ended in Mar. 2026 was ฿173 Mil. Thaivivat Holdings PCL's Revenue for the three months ended in Mar. 2026 was ฿1,944 Mil. Therefore, Thaivivat Holdings PCL's net margin for the quarter that ended in Mar. 2026 was 8.89%.

The historical rank and industry rank for Thaivivat Holdings PCL's Net Margin % or its related term are showing as below:

BKK:TVH' s Net Margin % Range Over the Past 10 Years
Min: 3.19   Med: 4.91   Max: 9.17
Current: 7.08


BKK:TVH's Net Margin % is ranked worse than
60.59% of 505 companies
in the Insurance industry
Industry Median: 9.26 vs BKK:TVH: 7.08

Thaivivat Holdings PCL  (BKK:TVH) 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.


Thaivivat Holdings PCL Net Margin % Related Terms


Thaivivat Holdings PCL Net Margin % Historical Data

* Premium members only.

The historical data trend for Thaivivat Holdings 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.

Thaivivat Holdings PCL Net Margin % Chart

Thaivivat Holdings PCL Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Net Margin %
3.19 3.97 9.17 5.84

Thaivivat Holdings PCL Quarterly Data
Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.79 7.39 9.33 2.55 8.89

BKK:TVH vs CB, PGR, TRV: Net Margin % Comparison

For the Insurance - Property & Casualty subindustry, Thaivivat Holdings 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.


Thaivivat Holdings PCL Net Margin % vs Insurance Industry

For the Insurance industry and Financial Services sector, Thaivivat Holdings PCL's Net Margin % distribution charts can be found below:

* The bar in red indicates where Thaivivat Holdings PCL's Net Margin % falls into.


BKK:TVH
34GF Score
Thaivivat Holdings PCL BKK:TVH
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thaivivat Holdings PCL 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.

Thaivivat Holdings PCL's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=435.798/7465.814
=5.84 %

Thaivivat Holdings PCL's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=172.758/1943.505
=8.89 %

* 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 8.89% mean?
Thaivivat Holdings PCL (BKK:TVH) has a Net Margin % of 8.89% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Thaivivat Holdings PCL and its competitors. This is 81% above median its historical median of 4.91. Over the past decade, Thaivivat Holdings PCL's Net Margin % has ranged from 3.19 to 9.17. According to the industry distribution chart, Thaivivat Holdings PCL ranks #306 out of 505 companies in the Insurance industry, placing it in the top 60.6%.
Is Thaivivat Holdings PCL's Net Margin % too high?
Thaivivat Holdings PCL's current Net Margin % of 8.89% is 81% above median its 10-year median of 4.91. Over the past 10 years, this metric has ranged from a low of 3.19 to a high of 9.17. The Insurance industry median Net Margin % is 9.26. Thaivivat Holdings PCL's value of 8.89% is 4% below this industry median. Based on the distribution chart, Thaivivat Holdings PCL ranks #306 out of 505 companies in the Insurance industry, which is below the industry midpoint. Overall, Thaivivat Holdings PCL has a GF Score™ of 34/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thaivivat Holdings PCL's Net Margin % compare to CB and PGR?
According to the Insurance industry distribution chart, Thaivivat Holdings PCL ranks #306 out of 505 companies for Net Margin %. This places Thaivivat Holdings PCL in the lower half of its industry. The industry median Net Margin % is 9.26. Thaivivat Holdings PCL's value of 8.89% is 4% below this benchmark. Historically, Thaivivat Holdings PCL's own Net Margin % has ranged from 3.19 to 9.17 over the past decade. While the company's 10-year median is 4.91 vs. the industry median of 9.26, Thaivivat Holdings PCL has consistently been below 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 9.26, based on 505 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. Thaivivat Holdings PCL's current Net Margin % of 8.89% is 4% below 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 Thaivivat Holdings PCL and its competitors. For the Insurance industry, the median Net Margin % is 9.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thaivivat Holdings PCL's current Net Margin % is 8.89%, which is 81% above median its own 10-year median of 4.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thaivivat Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, Thaivivat Holdings PCL (BKK:TVH) is currently considered Fairly Valued. The stock's GF Value™ is ฿9.35, compared to a current price of ฿10.10 — trading 8% above its estimated fair value. The current Net Margin % is 8.89%, which is 81% above median its 10-year median of 4.91 and 4% below the Insurance industry median of 9.26. Thaivivat Holdings PCL's overall GF Score™ is 34/100 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 Thaivivat Holdings PCL (BKK:TVH), the current Net Margin % is 8.89% 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 Thaivivat Holdings PCL (BKK:TVH) Overvalued in 2026?

Based on GuruFocus' analysis, Thaivivat Holdings PCL stock appears to be overvalued. The current stock price of ฿10.10 is trading 8% above its estimated GF Value™ of ฿9.35. GuruFocus considers Thaivivat Holdings PCL to be Fairly Valued.

Key valuation signals for BKK:TVH:

  • Net Margin %: 8.89% (81% above median its 10-year median of 4.91)
  • GF Value™: ฿9.35 vs. price of ฿10.10 (8% above fair value)
  • GF Score™: 34/100 with 4 warning signs
  • Industry Position: 4% below the Insurance median (#306 of 505)

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


Thaivivat Holdings PCL Business Description

Address No. 71 , Dindaeng Road, Samsen Nai, Phayathai, Bangkok, THA, 10400
Thaivivat Holdings PCL is a Thailand-based company, which is engaged in investment in other companies. The Group is organised into business units based on its nature of business and have four principal business segments: (1) Non-life insurance business, (2) Investment business (3) Service business and (4) Investment property. The Company is engaged in the core business of holding shares in other companies with the core business being the insurance business consisting of the non-life insurance business in Thailand, the insurance business in overseas and the insurance supported business. Its insurance business includes motor insurance, fire insurance, marine and transportation insurance, and miscellaneous insurance.
34GF Score

Get the complete analysis for BKK:TVH

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

฿10.10
Price
฿9.35
GF Value