Thai Oil PCLTOIPF 76 Net Margin % is 16.97% as of Mar. 2026, which is 355% above its 10-year median of 3.73. GuruFocus rates TOIPF with a GF Score™ of 76/100 and a GF Value™ of $1.85 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 916 Oil & Gas companies, Thai Oil PCL ranks better than 63.65% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Thai Oil PCL's Net Income for the
three
months ended in Mar. 2026 was $604 Mil. Thai Oil PCL's Revenue for the
three
months ended in Mar. 2026 was $3,559 Mil. Therefore, Thai Oil PCL's net margin for the quarter that ended in Mar. 2026 was 16.97%.
The historical rank and industry rank for Thai Oil PCL's Net Margin % or its related term are showing as below:
TOIPF'
s Net Margin % Range Over the Past 10 Years
Min: -1.36 Med: 3.73 Max: 7.72
Current: 7.59
TOIPF's Net Margin % is ranked better than 63.65% of 916
companies
in the Oil & Gas industry
Industry Median: 3.435
vs TOIPF: 7.59
Thai Oil PCL (OTCPK:TOIPF) 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 Oil PCL Net Margin % Related Terms
Thai Oil PCL Net Margin % Historical Data
* Premium members only.
The historical data trend for Thai Oil 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.
For the Oil & Gas Refining & Marketing subindustry, Thai Oil 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 Oil PCL Net Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Thai Oil PCL's Net Margin % distribution charts can be found below:
* The bar in red indicates where Thai Oil 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 Oil PCL (TOIPF) has a Net Margin % of 16.97% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Thai Oil PCL and its competitors. This is 355% above median its historical median of 3.73. According to the industry distribution chart, Thai Oil PCL ranks #333 out of 916 companies in the Oil & Gas industry, placing it in the top 36.4%.
Is Thai Oil PCL's Net Margin % too high?
Thai Oil PCL's current Net Margin % of 16.97% is 355% above median its 10-year median of 3.73. The Oil & Gas industry median Net Margin % is 3.44. Thai Oil PCL's value of 16.97% is 394% above this industry median. Based on the distribution chart, Thai Oil PCL ranks #333 out of 916 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Thai Oil PCL has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Oil PCL's Net Margin % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Thai Oil PCL ranks #333 out of 916 companies for Net Margin %. This puts Thai Oil PCL in the upper half of its industry. The industry median Net Margin % is 3.44. Thai Oil PCL's value of 16.97% is 394% above this benchmark. While the company's 10-year median is 3.73 vs. the industry median of 3.44, Thai Oil 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 Oil & Gas company?
The median Net Margin % among Oil & Gas companies is 3.44, based on 916 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 Oil PCL's current Net Margin % of 16.97% is 394% 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 Oil PCL and its competitors. For the Oil & Gas industry, the median Net Margin % is 3.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Oil PCL's current Net Margin % is 16.97%, which is 355% above median its own 10-year median of 3.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Oil PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Oil PCL (TOIPF) is currently considered Significantly Undervalued. The stock's GF Value™ is $1.85, compared to a current price of $1.25 — trading 32.4% below its estimated fair value. The current Net Margin % is 16.97%, which is 355% above median its 10-year median of 3.73 and 394% above the Oil & Gas industry median of 3.44. Thai Oil PCL's overall GF Score™ is 76/100 with 3 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 Oil PCL (TOIPF), the current Net Margin % is 16.97% 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 Oil PCL (TOIPF) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Oil PCL stock appears to be undervalued.
The current stock price of $1.25 is trading 32.4% below its estimated GF Value™ of $1.85.
GuruFocus considers Thai Oil PCL to be Significantly Undervalued.
Key valuation signals for TOIPF:
Net Margin %: 16.97% (355% above median its 10-year median of 3.73)
GF Value™: $1.85 vs. price of $1.25 (32.4% below fair value)
Industry Position: 394% above the Oil & Gas median (#333 of 916)
No single metric tells the full story. See the TOIPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Oil PCL operates an integrated business in oil refining and petrochemicals business. The company is engaged in oil refinery and distribution, petrochemicals, lube base oil and other businesses in domestic and overseas. It operates in the following reportable segments: Oil refinery, Lube base oil refinery, Aromatics and LAB, Solvent, Power generation, Ethanol, Olefins, and Others. The majority of the company's revenue is derived from the Oil refinery segment. Geographically, it generates the maximum revenue from Thailand, followed by Indonesia and other countries.
76GF Score
Get the complete analysis for TOIPF
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TOIPF has been successfully added to your 
