Healthlead PCLBKK:HL -1.79%76 Operating Margin % is 4.56% as of Mar. 2026, which is 26% below its 10-year median of 6.16. GuruFocus rates BKK:HL with a GF Score™ of 76/100 and a GF Value™ of ฿10.82 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 668 Healthcare Providers & Services companies, Healthlead PCL ranks better than 50.3% on this metric.
Healthlead PCL operating margin has been in a 5-year decline. The average rate of decline per year is -10.4%.
The historical rank and industry rank for Healthlead PCL's Operating Margin % or its related term are showing as below:
BKK:HL'
s Operating Margin % Range Over the Past 10 Years
Min: 3.56 Med: 6.16 Max: 9.77
Current: 4.87
BKK:HL's Operating Margin % is ranked better than 50.3% of 668
companies
in the Healthcare Providers & Services industry
Industry Median: 4.845
vs BKK:HL: 4.87
Healthlead PCL's 5-Year Average Operating Margin % Growth Rate was -10.40% per year.
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.
Healthlead PCL Operating Margin % Related Terms
Healthlead PCL Operating Margin % Historical Data
* Premium members only.
The historical data trend for Healthlead 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.
For the Pharmaceutical Retailers subindustry, Healthlead 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.
Healthlead PCL Operating Margin % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Healthlead PCL's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Healthlead 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.
Healthlead 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.
Healthlead PCL (BKK:HL) has a Operating Margin % of 4.56% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Healthlead PCL and its competitors. This is 26% below median its historical median of 6.16. Over the past decade, Healthlead PCL's Operating Margin % has ranged from 3.56 to 9.77. According to the industry distribution chart, Healthlead PCL ranks #332 out of 668 companies in the Healthcare Providers & Services industry, placing it in the top 49.7%.
Is Healthlead PCL's Operating Margin % too high?
Healthlead PCL's current Operating Margin % of 4.56% is 26% below median its 10-year median of 6.16. Over the past 10 years, this metric has ranged from a low of 3.56 to a high of 9.77. The Healthcare Providers & Services industry median Operating Margin % is 4.85. Healthlead PCL's value of 4.56% is 5.9% below this industry median. Based on the distribution chart, Healthlead PCL ranks #332 out of 668 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Healthlead PCL has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Healthlead PCL's Operating Margin % compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, Healthlead PCL ranks #332 out of 668 companies for Operating Margin %. This puts Healthlead PCL in the upper half of its industry. The industry median Operating Margin % is 4.85. Healthlead PCL's value of 4.56% is 5.9% below this benchmark. Historically, Healthlead PCL's own Operating Margin % has ranged from 3.56 to 9.77 over the past decade. While the company's 10-year median is 6.16 vs. the industry median of 4.85, Healthlead PCL has consistently been below 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 Healthcare Providers & Services company?
The median Operating Margin % among Healthcare Providers & Services companies is 4.85, based on 668 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. Healthlead PCL's current Operating Margin % of 4.56% is 5.9% below 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 Healthlead PCL and its competitors. For the Healthcare Providers & Services industry, the median Operating Margin % is 4.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Healthlead PCL's current Operating Margin % is 4.56%, which is 26% below median its own 10-year median of 6.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Healthlead PCL stock overvalued right now?
Based on GuruFocus' analysis, Healthlead PCL (BKK:HL) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿10.82, compared to a current price of ฿5.50 — trading 49.2% below its estimated fair value. The current Operating Margin % is 4.56%, which is 26% below median its 10-year median of 6.16 and 5.9% below the Healthcare Providers & Services industry median of 4.85. Healthlead PCL's overall GF Score™ is 76/100 with 3 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 Healthlead PCL (BKK:HL), the current Operating Margin % is 4.56% 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 Healthlead PCL (BKK:HL) Overvalued in 2026?
Based on GuruFocus' analysis, Healthlead PCL stock appears to be undervalued.
The current stock price of ฿5.50 is trading 49.2% below its estimated GF Value™ of ฿10.82.
GuruFocus considers Healthlead PCL to be Significantly Undervalued.
Key valuation signals for BKK:HL:
Operating Margin %: 4.56% (26% below median its 10-year median of 6.16)
GF Value™: ฿10.82 vs. price of ฿5.50 (49.2% below fair value)
Industry Position: 5.9% below the Healthcare Providers & Services median (#332 of 668)
No single metric tells the full story. See the BKK:HL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Healthlead PCL is a holding company. Along with its subsidiaries, it operates a pharmacy business under iCare, Pharmax, vitaminclub, and Super Drug brands, distributing medicines, medical supplies, cosmeceuticals, dietary supplements, medical devices, and other healthcare products. Additionally, it is involved in co-inventing and co-developing healthcare products in collaboration with external research teams and contract manufacturers, producing and distributing its own branded products. Geographically, the group operates only in Thailand.
76GF Score
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