Forth PCLBKK:FORTH-R 84 Operating Margin % is 7.26% as of Mar. 2026, which is 23% below its 10-year median of 9.47. GuruFocus rates BKK:FORTH-R with a GF Score™ of 84/100 and a GF Value™ of ฿6.11. The stock has 6 warning signs investors should review. Among 545 Conglomerates companies, Forth PCL ranks better than 61.83% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Forth PCL's Operating Income for the
three
months ended in Mar. 2026 was ฿177 Mil. Forth PCL's Revenue for the
three
months ended in Mar. 2026 was ฿2,440 Mil. Therefore, Forth PCL's Operating Margin % for the quarter that ended in Mar. 2026 was 7.26%.
Warning Sign:
Forth Corp PCL operating margin has been in a 5-year decline. The average rate of decline per year is -3.8%.
The historical rank and industry rank for Forth PCL's Operating Margin % or its related term are showing as below:
BKK:FORTH-R'
s Operating Margin % Range Over the Past 10 Years
Min: 4.82 Med: 9.47 Max: 11.91
Current: 8.63
BKK:FORTH-R's Operating Margin % is ranked better than 61.83% of 545
companies
in the Conglomerates industry
Industry Median: 5.93
vs BKK:FORTH-R: 8.63
Forth PCL's 5-Year Average Operating Margin % Growth Rate was -3.80% per year.
Forth PCL's Operating Income for the
three
months ended in Mar. 2026 was ฿177 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ฿975 Mil.
Warning Sign:
Forth Corp PCL has recorded a loss in operating income at least once over the past 3 years.
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.
Forth PCL Operating Margin % Related Terms
Forth PCL Operating Margin % Historical Data
* Premium members only.
The historical data trend for Forth 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:FORTH-R vs HON, MMM: Operating Margin % Comparison
For the Conglomerates subindustry, Forth 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.
Forth PCL Operating Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Forth PCL's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Forth 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.
Forth 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.
Forth PCL (BKK:FORTH-R) has a Operating Margin % of 7.26% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Forth PCL and its competitors. This is 23% below median its historical median of 9.47. Over the past decade, Forth PCL's Operating Margin % has ranged from 4.82 to 11.91. According to the industry distribution chart, Forth PCL ranks #208 out of 545 companies in the Conglomerates industry, placing it in the top 38.2%.
Is Forth PCL's Operating Margin % too high?
Forth PCL's current Operating Margin % of 7.26% is 23% below median its 10-year median of 9.47. Over the past 10 years, this metric has ranged from a low of 4.82 to a high of 11.91. The Conglomerates industry median Operating Margin % is 5.93. Forth PCL's value of 7.26% is 22.4% above this industry median. Based on the distribution chart, Forth PCL ranks #208 out of 545 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Forth PCL has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Forth PCL's Operating Margin % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Forth PCL ranks #208 out of 545 companies for Operating Margin %. This puts Forth PCL in the upper half of its industry. The industry median Operating Margin % is 5.93. Forth PCL's value of 7.26% is 22.4% above this benchmark. Historically, Forth PCL's own Operating Margin % has ranged from 4.82 to 11.91 over the past decade. While the company's 10-year median is 9.47 vs. the industry median of 5.93, Forth 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 Conglomerates company?
The median Operating Margin % among Conglomerates companies is 5.93, based on 545 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. Forth PCL's current Operating Margin % of 7.26% is 22.4% 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 Forth PCL and its competitors. For the Conglomerates industry, the median Operating Margin % is 5.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forth PCL's current Operating Margin % is 7.26%, which is 23% below median its own 10-year median of 9.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forth PCL stock overvalued right now?
Forth PCL (BKK:FORTH-R) has a current Operating Margin % of 7.26%. The stock's GF Value™ is ฿6.11, compared to a current price of ฿6.44 — trading 5.4% above its estimated fair value. The current Operating Margin % is 7.26%, which is 23% below median its 10-year median of 9.47 and 22.4% above the Conglomerates industry median of 5.93. Forth PCL's overall GF Score™ is 84/100 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 Forth PCL (BKK:FORTH-R), the current Operating Margin % is 7.26% 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 Forth PCL (BKK:FORTH-R) Overvalued in 2026?
Based on GuruFocus' analysis, Forth PCL stock appears to be overvalued.
The current stock price of ฿6.44 is trading 5.4% above its estimated GF Value™ of ฿6.11.
Key valuation signals for BKK:FORTH-R:
Operating Margin %: 7.26% (23% below median its 10-year median of 9.47)
GF Value™: ฿6.11 vs. price of ฿6.44 (5.4% above fair value)
Industry Position: 22.4% above the Conglomerates median (#208 of 545)
No single metric tells the full story. See the BKK:FORTH-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forth Corp PCL manufactures and distributes electronic equipment and project work relating to design and install telecommunication equipment. The company's segments include Electronics manufacturing service business sources, manufactures and distributes electronics parts, both work manufactured order and general equipment; Enterprise solutions business bids for project work, sources, subcontracts and install various systems for the government and private sectors; Smart service business provides online financial transaction service and sells products and service through vending machines and provides lending services. The Enterprise solutions business derives the majority of the revenue. Geographically it operates in Thailand, Netherlands, United States of America, and Others.
84GF Score
Get the complete analysis for BKK:FORTH-R
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