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Bualuang Office Leasehold REITBKK:B-WORK 62 Operating Margin % is 62.32% as of Mar. 2026, which is 2% above its 10-year median of 60.82. GuruFocus rates BKK:B-WORK with a GF Score™ of 62/100 and a GF Value™ of ฿3.89 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 734 REITs companies, Bualuang Office Leasehold REIT ranks better than 64.03% 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.
Bualuang Office Leasehold REIT Operating Margin % Related Terms
Bualuang Office Leasehold REIT Operating Margin % Historical Data
* 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:B-WORK vs BXP, ARE, VNO: Operating Margin % Comparison
For the REIT - Office subindustry, Bualuang Office Leasehold REIT'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.
Bualuang Office Leasehold REIT Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Bualuang Office Leasehold REIT's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Bualuang Office Leasehold REIT'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.
* 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.
Bualuang Office Leasehold REIT (BKK:B-WORK) has a Operating Margin % of 62.32% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Bualuang Office Leasehold REIT and its competitors. This is near median its historical median of 60.82. Over the past decade, Bualuang Office Leasehold REIT's Operating Margin % has ranged from 60.43 to 62.76. According to the industry distribution chart, Bualuang Office Leasehold REIT ranks #264 out of 734 companies in the REITs industry, placing it in the top 36%.
Is Bualuang Office Leasehold REIT's Operating Margin % too high?
Bualuang Office Leasehold REIT's current Operating Margin % of 62.32% is near median its 10-year median of 60.82. Over the past 10 years, this metric has ranged from a low of 60.43 to a high of 62.76. The REITs industry median Operating Margin % is 52.65. Bualuang Office Leasehold REIT's value of 62.32% is 18.4% above this industry median. Based on the distribution chart, Bualuang Office Leasehold REIT ranks #264 out of 734 companies in the REITs industry, which is above the industry midpoint. Overall, Bualuang Office Leasehold REIT has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bualuang Office Leasehold REIT's Operating Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, Bualuang Office Leasehold REIT ranks #264 out of 734 companies for Operating Margin %. This puts Bualuang Office Leasehold REIT in the upper half of its industry. The industry median Operating Margin % is 52.65. Bualuang Office Leasehold REIT's value of 62.32% is 18.4% above this benchmark. Historically, Bualuang Office Leasehold REIT's own Operating Margin % has ranged from 60.43 to 62.76 over the past decade. While the company's 10-year median is 60.82 vs. the industry median of 52.65, Bualuang Office Leasehold REIT 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 REITs company?
The median Operating Margin % among REITs companies is 52.65, based on 734 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. Bualuang Office Leasehold REIT's current Operating Margin % of 62.32% is 18.4% 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 Bualuang Office Leasehold REIT and its competitors. For the REITs industry, the median Operating Margin % is 52.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bualuang Office Leasehold REIT's current Operating Margin % is 62.32%, which is near median its own 10-year median of 60.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bualuang Office Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Bualuang Office Leasehold REIT (BKK:B-WORK) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿3.89, compared to a current price of ฿6.55 — trading 68.4% above its estimated fair value. The current Operating Margin % is 62.32%, which is near median its 10-year median of 60.82 and 18.4% above the REITs industry median of 52.65. Bualuang Office Leasehold REIT's overall GF Score™ is 62/100 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 Bualuang Office Leasehold REIT (BKK:B-WORK), the current Operating Margin % is 62.32% 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 Bualuang Office Leasehold REIT (BKK:B-WORK) Overvalued in 2026?
Based on GuruFocus' analysis, Bualuang Office Leasehold REIT stock appears to be overvalued.
The current stock price of ฿6.55 is trading 68.4% above its estimated GF Value™ of ฿3.89.
GuruFocus considers Bualuang Office Leasehold REIT to be Significantly Overvalued.
Key valuation signals for BKK:B-WORK:
Operating Margin %: 62.32% (near median its 10-year median of 60.82)
GF Value™: ฿3.89 vs. price of ฿6.55 (68.4% above fair value)
Industry Position: 18.4% above the REITs median (#264 of 734)
No single metric tells the full story. See the BKK:B-WORK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bualuang Office Leasehold REIT is an investment company. The Trust's objectives are to raise funds from investors and use funds to invest in the leasehold properties by lease and/ or sublease under 2 projects as follows: 1. True Tower 1 Project and 2. True Tower 2 Project. The Trust's main operations are derived from rental and service income from investing in properties and leasehold rights, seeking the benefits from properties, and properties for rent. The Trust has only one geographical segment that operates only in Thailand.
62GF Score
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