CSP Steel Center PCL (BKK:CSP-R) 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.
CSP Steel Center PCL Operating Margin % Related Terms
CSP Steel Center PCL Operating Margin % Historical Data
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The historical data trend for CSP Steel Center 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:CSP-R vs NUE, STLD, RS: Operating Margin % Comparison
For the Steel subindustry, CSP Steel Center 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.
CSP Steel Center PCL Operating Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, CSP Steel Center PCL's Operating Margin % distribution charts can be found below:
* The bar in red indicates where CSP Steel Center PCL's Operating Margin % falls into.
CSP Steel Center 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.
CSP Steel Center 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.
CSP Steel Center PCL (BKK:CSP-R) has a Operating Margin % of 4.36% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on CSP Steel Center PCL and its competitors. According to the industry distribution chart, CSP Steel Center PCL ranks #395 out of 616 companies in the Steel industry, placing it in the top 64.1%.
Is CSP Steel Center PCL's Operating Margin % too high?
CSP Steel Center PCL's current Operating Margin % is 4.36%. The Steel industry median Operating Margin % is 3.00. CSP Steel Center PCL's value of 4.36% is 45.3% above this industry median. Based on the distribution chart, CSP Steel Center PCL ranks #395 out of 616 companies in the Steel industry, which is below the industry midpoint. Overall, CSP Steel Center PCL has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does CSP Steel Center PCL's Operating Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, CSP Steel Center PCL ranks #395 out of 616 companies for Operating Margin %. This places CSP Steel Center PCL in the lower half of its industry. The industry median Operating Margin % is 3.00. CSP Steel Center PCL's value of 4.36% is 45.3% above this benchmark. 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 3.00, based on 616 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. CSP Steel Center PCL's current Operating Margin % of 4.36% is 45.3% 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 CSP Steel Center PCL and its competitors. For the Steel industry, the median Operating Margin % is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CSP Steel Center PCL's current Operating Margin % is 4.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSP Steel Center PCL stock overvalued right now?
CSP Steel Center PCL (BKK:CSP-R) has a current Operating Margin % of 4.36%. The stock's GF Value™ is ฿0.49, compared to a current price of ฿0.39 — trading 20.4% below its estimated fair value. The current Operating Margin % is 4.36% and 45.3% above the Steel industry median of 3.00. CSP Steel Center PCL's overall GF Score™ is 31/100 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 CSP Steel Center PCL (BKK:CSP-R), the current Operating Margin % is 4.36% 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 CSP Steel Center PCL (BKK:CSP-R) Overvalued in 2026?
Based on GuruFocus' analysis, CSP Steel Center PCL stock appears to be undervalued.
The current stock price of ฿0.39 is trading 20.4% below its estimated GF Value™ of ฿0.49.
Key valuation signals for BKK:CSP-R:
Operating Margin %: 4.36%
GF Value™: ฿0.49 vs. price of ฿0.39 (20.4% below fair value)
Industry Position: 45.3% above the Steel median (#395 of 616)
No single metric tells the full story. See the BKK:CSP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CSP Steel Center PCL is a Thailand-based firm engaged in the manufacture and sale of sheet steel finished goods and rolled steel pipe. The company's product portfolio includes Cutting cold rolled sheet, Hot rolled steel, Coated sheets in both plate and coil types, Cold rolled steel pipe, and hot rolled steel pipe, among others. Geographically, the company operates in Thailand. The company has a single reportable segment which is the business of distribution of steel products.
31GF Score
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