Country Group Holdings PCL (BKK:CGH) Operating Margin %: -2.13% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:CGH Country Group Holdings PCL BKK:CGH
40 GF Score
Price ฿0.55
GF Value ฿0.58
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Country Group Holdings PCL Operating Margin %?

Country Group Holdings PCL BKK:CGH 40 Operating Margin % is -2.13% as of Mar. 2026. GuruFocus rates BKK:CGH with a GF Score™ of 40/100 and a GF Value™ of ฿0.58 (Fairly Valued). The stock has 6 warning signs investors should review. Among 667 Capital Markets companies, Country Group Holdings PCL ranks worse than 72.41% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Country Group Holdings PCL's Operating Income for the three months ended in Mar. 2026 was ฿-8 Mil. Country Group Holdings PCL's Revenue for the three months ended in Mar. 2026 was ฿355 Mil. Therefore, Country Group Holdings PCL's Operating Margin % for the quarter that ended in Mar. 2026 was -2.13%.

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

BKK:CGH' s Operating Margin % Range Over the Past 10 Years
Min: -13.44   Med: 5.04   Max: 26.6
Current: -9.97


BKK:CGH's Operating Margin % is ranked worse than
72.41% of 667 companies
in the Capital Markets industry
Industry Median: 7.28 vs BKK:CGH: -9.97

Country Group Holdings PCL's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Country Group Holdings PCL's Operating Income for the three months ended in Mar. 2026 was ฿-8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ฿-138 Mil.


Country Group Holdings PCL  (BKK:CGH) 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 Nokia’s 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.


Country Group Holdings PCL Operating Margin % Related Terms


Country Group Holdings PCL Operating Margin % Historical Data

* Premium members only.

The historical data trend for Country Group Holdings 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.

Country Group Holdings PCL Operating Margin % Chart

Country Group Holdings PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.17 6.56 -13.44 3.52 -9.62

Country Group Holdings PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.41 -32.71 -1.01 -8.81 -2.13

BKK:CGH vs MS, GS, SCHW: Operating Margin % Comparison

For the Capital Markets subindustry, Country Group Holdings 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.


Country Group Holdings PCL Operating Margin % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Country Group Holdings PCL's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Country Group Holdings PCL's Operating Margin % falls into.


BKK:CGH
40GF Score
Country Group Holdings PCL BKK:CGH
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Country Group Holdings PCL Operating Margin % Calculation

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.

Country Group Holdings PCL's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=-135.316 / 1406.696
=-9.62 %

Country Group Holdings PCL's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=-7.57 / 354.728
=-2.13 %

* 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 Operating Margin % →
What does a Operating Margin % of -2.13% mean?
Country Group Holdings PCL (BKK:CGH) has a Operating Margin % of -2.13% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Country Group Holdings PCL and its competitors. According to the industry distribution chart, Country Group Holdings PCL ranks #483 out of 667 companies in the Capital Markets industry, placing it in the top 72.4%.
Is Country Group Holdings PCL's Operating Margin % too high?
Country Group Holdings PCL's current Operating Margin % is -2.13%. Based on the distribution chart, Country Group Holdings PCL ranks #483 out of 667 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Country Group Holdings PCL has a GF Score™ of 40/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Country Group Holdings PCL's Operating Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Country Group Holdings PCL ranks #483 out of 667 companies for Operating Margin %. This places Country Group Holdings PCL in the lower half of its industry. The industry median Operating Margin % is 7.28. 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 Capital Markets company?
The median Operating Margin % among Capital Markets companies is 7.28, based on 667 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. 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 Country Group Holdings PCL and its competitors. For the Capital Markets industry, the median Operating Margin % is 7.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Country Group Holdings PCL's current Operating Margin % is -2.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Country Group Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, Country Group Holdings PCL (BKK:CGH) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.58, compared to a current price of ฿0.55 — trading 5.2% below its estimated fair value. The current Operating Margin % is -2.13%. Country Group Holdings PCL's overall GF Score™ is 40/100 with 6 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 Country Group Holdings PCL (BKK:CGH), the current Operating Margin % is -2.13% 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 Country Group Holdings PCL (BKK:CGH) Overvalued in 2026?

Based on GuruFocus' analysis, Country Group Holdings PCL stock appears to be undervalued. The current stock price of ฿0.55 is trading 5.2% below its estimated GF Value™ of ฿0.58. GuruFocus considers Country Group Holdings PCL to be Fairly Valued.

Key valuation signals for BKK:CGH:

  • Operating Margin %: -2.13%
  • GF Value™: ฿0.58 vs. price of ฿0.55 (5.2% below fair value)
  • GF Score™: 40/100 with 6 warning signs

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


Country Group Holdings PCL Business Description

Address Wireless Road, No. 132, Sindhorn Tower 3, 20th Floor, Lumpini Sub District, Pathumwan District, Bangkok, THA, 10330
Country Group Holdings PCL is principally engaged in investment in potential securities. The company has four operating segments that are Securities and Derivatives brokerage which is the key revenue-generating segment; Investment Banking; and securities and derivatives trading segment, Investment banking segment, and Comprising the Group's digital assets trading. The company derives revenue through brokerage fees, service income, and Interest on margin loans. The company's operations are carried out in Thailand.
40GF Score

Get the complete analysis for BKK:CGH

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

฿0.55
Price
฿0.58
GF Value