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Asia Metal PCLBKK:AMC +0.97%68 Operating Margin % is 3.03% as of Mar. 2026, which is 9% above its 10-year median of 2.79. GuruFocus rates BKK:AMC with a GF Score™ of 68/100 and a GF Value™ of ฿2.18 (Fairly Valued). The stock has 8 warning signs investors should review. Among 611 Steel companies, Asia Metal PCL ranks worse than 71.36% on this metric.
Asia Metal PCL has recorded a loss in operating income at least once over the past 3 years.
Asia Metal PCL (BKK:AMC) Operating Margin % Explanation
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.
Asia Metal PCL Operating Margin % Related Terms
Asia Metal PCL Operating Margin % Historical Data
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The historical data trend for Asia Metal 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:AMC vs NUE, STLD, RS: Operating Margin % Comparison
For the Steel subindustry, Asia Metal 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.
Asia Metal PCL Operating Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Asia Metal PCL's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Asia Metal 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.
Asia Metal 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.
Asia Metal PCL (BKK:AMC) has a Operating Margin % of 3.03% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Asia Metal PCL and its competitors. This is near median its historical median of 2.79. According to the industry distribution chart, Asia Metal PCL ranks #436 out of 611 companies in the Steel industry, placing it in the top 71.4%.
Is Asia Metal PCL's Operating Margin % too high?
Asia Metal PCL's current Operating Margin % of 3.03% is near median its 10-year median of 2.79. The Steel industry median Operating Margin % is 3.01. Asia Metal PCL's value of 3.03% is 0.7% above this industry median. Based on the distribution chart, Asia Metal PCL ranks #436 out of 611 companies in the Steel industry, which is below the industry midpoint. Overall, Asia Metal PCL has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Metal PCL's Operating Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Asia Metal PCL ranks #436 out of 611 companies for Operating Margin %. This places Asia Metal PCL in the lower half of its industry. The industry median Operating Margin % is 3.01. Asia Metal PCL's value of 3.03% is 0.7% above this benchmark. While the company's 10-year median is 2.79 vs. the industry median of 3.01, Asia Metal 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 Operating Margin % for a Steel company?
The median Operating Margin % among Steel companies is 3.01, based on 611 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. Asia Metal PCL's current Operating Margin % of 3.03% is 0.7% 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 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 Asia Metal PCL and its competitors. For the Steel industry, the median Operating Margin % is 3.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Metal PCL's current Operating Margin % is 3.03%, which is near median its own 10-year median of 2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Metal PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Metal PCL (BKK:AMC) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.18, compared to a current price of ฿2.08 — trading 4.6% below its estimated fair value. The current Operating Margin % is 3.03%, which is near median its 10-year median of 2.79 and 0.7% above the Steel industry median of 3.01. Asia Metal PCL's overall GF Score™ is 68/100 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 Asia Metal PCL (BKK:AMC), the current Operating Margin % is 3.03% 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 Asia Metal PCL (BKK:AMC) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Metal PCL stock appears to be undervalued.
The current stock price of ฿2.08 is trading 4.6% below its estimated GF Value™ of ฿2.18.
GuruFocus considers Asia Metal PCL to be Fairly Valued.
Key valuation signals for BKK:AMC:
Operating Margin %: 3.03% (near median its 10-year median of 2.79)
GF Value™: ฿2.18 vs. price of ฿2.08 (4.6% below fair value)
Industry Position: 0.7% above the Steel median (#436 of 611)
No single metric tells the full story. See the BKK:AMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Metal PCL is engaged in manufacturing and trading processed steel products and rendering service for the manufacturing of processed steel. Its products include integrated steel roll coiled, both hot-rolled and cold-rolled type, the cut-and-steel sheet, and rolling a Little (slitting coil). The company also manufactures and distributes steel pipe and structural steel C-shape used by various industries. Its segment is the manufacturing and trading of processed steel products and rendering service for cutting and modifying steels. It has only one geographical segment because it operates only in Thailand.
68GF Score
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