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AIRA Factoring PCLBKK:AF 40 Operating Margin % is 10.53% as of Mar. 2026, which is 61% below its 10-year median of 26.69. GuruFocus rates BKK:AF with a GF Score™ of 40/100 and a GF Value™ of ฿0.58 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 413 Credit Services companies, AIRA Factoring PCL ranks worse than 63.2% on this metric.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
AIRA Factoring PCL Operating Margin % Related Terms
AIRA Factoring PCL Operating Margin % Historical Data
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The historical data trend for AIRA Factoring PCL's Operating 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:AF vs V, MA, AXP: Operating Margin % Comparison
For the Credit Services subindustry, AIRA Factoring PCL's Operating Margin %, along with its competitors' market caps and Operating 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.
AIRA Factoring PCL Operating Margin % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, AIRA Factoring PCL's Operating Margin % distribution charts can be found below:
* The bar in red indicates where AIRA Factoring PCL's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
AIRA Factoring PCL's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
AIRA Factoring PCL (BKK:AF) has a Operating Margin % of 10.53% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on AIRA Factoring PCL and its competitors. This is 61% below median its historical median of 26.69. Over the past decade, AIRA Factoring PCL's Operating Margin % has ranged from 3.29 to 35.05. According to the industry distribution chart, AIRA Factoring PCL ranks #261 out of 413 companies in the Credit Services industry, placing it in the top 63.2%.
Is AIRA Factoring PCL's Operating Margin % too high?
AIRA Factoring PCL's current Operating Margin % of 10.53% is 61% below median its 10-year median of 26.69. Over the past 10 years, this metric has ranged from a low of 3.29 to a high of 35.05. The Credit Services industry median Operating Margin % is 17.67. AIRA Factoring PCL's value of 10.53% is 40.4% below this industry median. Based on the distribution chart, AIRA Factoring PCL ranks #261 out of 413 companies in the Credit Services industry, which is below the industry midpoint. Overall, AIRA Factoring PCL has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AIRA Factoring PCL's Operating Margin % compare to V and MA?
According to the Credit Services industry distribution chart, AIRA Factoring PCL ranks #261 out of 413 companies for Operating Margin %. This places AIRA Factoring PCL in the lower half of its industry. The industry median Operating Margin % is 17.67. AIRA Factoring PCL's value of 10.53% is 40.4% below this benchmark. Historically, AIRA Factoring PCL's own Operating Margin % has ranged from 3.29 to 35.05 over the past decade. While the company's 10-year median is 26.69 vs. the industry median of 17.67, AIRA Factoring 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 Operating Margin % for a Credit Services company?
The median Operating Margin % among Credit Services companies is 17.67, based on 413 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AIRA Factoring PCL's current Operating Margin % of 10.53% is 40.4% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on AIRA Factoring PCL and its competitors. For the Credit Services industry, the median Operating Margin % is 17.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIRA Factoring PCL's current Operating Margin % is 10.53%, which is 61% below median its own 10-year median of 26.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIRA Factoring PCL stock overvalued right now?
Based on GuruFocus' analysis, AIRA Factoring PCL (BKK:AF) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.58, compared to a current price of ฿0.38 — trading 34.5% below its estimated fair value. The current Operating Margin % is 10.53%, which is 61% below median its 10-year median of 26.69 and 40.4% below the Credit Services industry median of 17.67. AIRA Factoring PCL's overall GF Score™ is 40/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For AIRA Factoring PCL (BKK:AF), the current Operating Margin % is 10.53% 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 AIRA Factoring PCL (BKK:AF) Overvalued in 2026?
Based on GuruFocus' analysis, AIRA Factoring PCL stock appears to be undervalued.
The current stock price of ฿0.38 is trading 34.5% below its estimated GF Value™ of ฿0.58.
GuruFocus considers AIRA Factoring PCL to be Possible Value Trap.
Key valuation signals for BKK:AF:
Operating Margin %: 10.53% (61% below median its 10-year median of 26.69)
GF Value™: ฿0.58 vs. price of ฿0.38 (34.5% below fair value)
Industry Position: 40.4% below the Credit Services median (#261 of 413)
No single metric tells the full story. See the BKK:AF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AIRA Factoring PCL is a Thailand-based company principally engaged in the business of receivable factoring. It provides short-term financing services by transferring creditor's rights or factoring services. Its various service offerings include promissory note loans, e-factoring, supplier financing, long-term loans, and others. The company's main reportable operating segment of the Company is the provision of lending services to SME customers, comprising the factoring business and loan financing. Geographically, the company operates only in Thailand.
40GF Score
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