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Frasers Property Thailand Industrial Freehold & Leasehold REIT operating margin has been in a 5-year decline. The average rate of decline per year is -1.2%.
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 NokiaÂ’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.
* 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.
* 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.
Frasers Property Thailand Industrial Freehold & Leasehold REIT Operating Margin % vs REITs Industry
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.
Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT) has a Operating Margin % of 78.59% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Frasers Property Thailand Industrial Freehold & Leasehold REIT and its competitors. This is near median its historical median of 76.74. Over the past decade, Frasers Property Thailand Industrial Freehold & Leasehold REIT's Operating Margin % has ranged from 71.90 to 81.07. According to the industry distribution chart, Frasers Property Thailand Industrial Freehold & Leasehold REIT ranks #107 out of 742 companies in the REITs industry, placing it in the top 14.4%.
Is Frasers Property Thailand Industrial Freehold & Leasehold REIT's Operating Margin % too high?
Frasers Property Thailand Industrial Freehold & Leasehold REIT's current Operating Margin % of 78.59% is near median its 10-year median of 76.74. Over the past 10 years, this metric has ranged from a low of 71.90 to a high of 81.07. The REITs industry median Operating Margin % is 52.73. Frasers Property Thailand Industrial Freehold & Leasehold REIT's value of 78.59% is 49.1% above this industry median. Based on the distribution chart, Frasers Property Thailand Industrial Freehold & Leasehold REIT ranks #107 out of 742 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Frasers Property Thailand Industrial Freehold & Leasehold REIT has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Frasers Property Thailand Industrial Freehold & Leasehold REIT's Operating Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, Frasers Property Thailand Industrial Freehold & Leasehold REIT ranks #107 out of 742 companies for Operating Margin %. This places Frasers Property Thailand Industrial Freehold & Leasehold REIT in the top 14% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 52.73. Frasers Property Thailand Industrial Freehold & Leasehold REIT's value of 78.59% is 49.1% above this benchmark. Historically, Frasers Property Thailand Industrial Freehold & Leasehold REIT's own Operating Margin % has ranged from 71.90 to 81.07 over the past decade. While the company's 10-year median is 76.74 vs. the industry median of 52.73, Frasers Property Thailand Industrial Freehold & 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 52.73, based on 742 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. Frasers Property Thailand Industrial Freehold & Leasehold REIT's current Operating Margin % of 78.59% is 49.1% 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 Frasers Property Thailand Industrial Freehold & Leasehold REIT and its competitors. For the REITs industry, the median Operating Margin % is 52.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frasers Property Thailand Industrial Freehold & Leasehold REIT's current Operating Margin % is 78.59%, which is near median its own 10-year median of 76.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frasers Property Thailand Industrial Freehold & Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿11.02, compared to a current price of ฿12.50 — trading 13.4% above its estimated fair value. The current Operating Margin % is 78.59%, which is near median its 10-year median of 76.74 and 49.1% above the REITs industry median of 52.73. Frasers Property Thailand Industrial Freehold & Leasehold REIT's overall GF Score™ is 75/100 with 12 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 Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT), the current Operating Margin % is 78.59% 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 Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT) Overvalued in 2026?
Based on GuruFocus' analysis, Frasers Property Thailand Industrial Freehold & Leasehold REIT stock appears to be overvalued.
The current stock price of ฿12.50 is trading 13.4% above its estimated GF Value™ of ฿11.02.
GuruFocus considers Frasers Property Thailand Industrial Freehold & Leasehold REIT to be Modestly Overvalued.
Key valuation signals for BKK:FTREIT:
Operating Margin %: 78.59% (near median its 10-year median of 76.74)
GF Value™: ฿11.02 vs. price of ฿12.50 (13.4% above fair value)
Industry Position: 49.1% above the REITs median (#107 of 742)
No single metric tells the full story. See the BKK:FTREIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frasers Property Thailand Industrial Freehold & Leasehold REIT Business Description
Frasers Property Thailand Industrial Freehold & Leasehold REIT invests in high-quality industrial and logistics properties. Its portfolio includes domestic factories, warehouses, and industrial and logistics properties which can generate high returns. The trust's objectives are to raise funds from general investors and to use the proceeds from such fundraising to acquire, lease, and/or sub-lease immovable properties. Its reportable operating segment is to provide the rental of immovable properties. Geographically, the trust's operation is carried on only in Thailand.
75GF Score
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