Triple i Logistics PCLBKK:III 75 Operating Margin % is 1.38% as of Mar. 2026, which is 67% below its 10-year median of 4.17. GuruFocus rates BKK:III with a GF Score™ of 75/100 and a GF Value™ of ฿6.64 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,007 Transportation companies, Triple i Logistics PCL ranks worse than 73.98% on this metric.
Triple i Logistics PCL (BKK:III) 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.
Triple i Logistics PCL Operating Margin % Related Terms
Triple i Logistics PCL Operating Margin % Historical Data
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The historical data trend for Triple i Logistics 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:III vs FDX, UPS, JBHT: Operating Margin % Comparison
For the Integrated Freight & Logistics subindustry, Triple i Logistics 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.
Triple i Logistics PCL Operating Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Triple i Logistics PCL's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Triple i Logistics PCL's Operating Margin % falls into.
Triple i Logistics 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.
Triple i Logistics 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.
Triple i Logistics PCL (BKK:III) has a Operating Margin % of 1.38% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Triple i Logistics PCL and its competitors. This is 67% below median its historical median of 4.17. Over the past decade, Triple i Logistics PCL's Operating Margin % has ranged from 0.79 to 6.22. According to the industry distribution chart, Triple i Logistics PCL ranks #745 out of 1007 companies in the Transportation industry, placing it in the top 74%.
Is Triple i Logistics PCL's Operating Margin % too high?
Triple i Logistics PCL's current Operating Margin % of 1.38% is 67% below median its 10-year median of 4.17. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 6.22. The Transportation industry median Operating Margin % is 7.37. Triple i Logistics PCL's value of 1.38% is 81.3% below this industry median. Based on the distribution chart, Triple i Logistics PCL ranks #745 out of 1007 companies in the Transportation industry, which is below the industry midpoint. Overall, Triple i Logistics PCL has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Triple i Logistics PCL's Operating Margin % compare to FDX and UPS?
According to the Transportation industry distribution chart, Triple i Logistics PCL ranks #745 out of 1007 companies for Operating Margin %. This places Triple i Logistics PCL in the lower half of its industry. The industry median Operating Margin % is 7.37. Triple i Logistics PCL's value of 1.38% is 81.3% below this benchmark. Historically, Triple i Logistics PCL's own Operating Margin % has ranged from 0.79 to 6.22 over the past decade. While the company's 10-year median is 4.17 vs. the industry median of 7.37, Triple i Logistics 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 Transportation company?
The median Operating Margin % among Transportation companies is 7.37, based on 1,007 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. Triple i Logistics PCL's current Operating Margin % of 1.38% is 81.3% 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 Triple i Logistics PCL and its competitors. For the Transportation industry, the median Operating Margin % is 7.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Triple i Logistics PCL's current Operating Margin % is 1.38%, which is 67% below median its own 10-year median of 4.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Triple i Logistics PCL stock overvalued right now?
Based on GuruFocus' analysis, Triple i Logistics PCL (BKK:III) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿6.64, compared to a current price of ฿4.24 — trading 36.1% below its estimated fair value. The current Operating Margin % is 1.38%, which is 67% below median its 10-year median of 4.17 and 81.3% below the Transportation industry median of 7.37. Triple i Logistics PCL's overall GF Score™ is 75/100 with 5 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 Triple i Logistics PCL (BKK:III), the current Operating Margin % is 1.38% 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 Triple i Logistics PCL (BKK:III) Overvalued in 2026?
Based on GuruFocus' analysis, Triple i Logistics PCL stock appears to be undervalued.
The current stock price of ฿4.24 is trading 36.1% below its estimated GF Value™ of ฿6.64.
GuruFocus considers Triple i Logistics PCL to be Significantly Undervalued.
Key valuation signals for BKK:III:
Operating Margin %: 1.38% (67% below median its 10-year median of 4.17)
GF Value™: ฿6.64 vs. price of ฿4.24 (36.1% below fair value)
Industry Position: 81.3% below the Transportation median (#745 of 1007)
No single metric tells the full story. See the BKK:III stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Triple i Logistics PCL is a logistics service provider in Thailand. The company's reportable segments include Air Freight, Logistics Management, and Logistics for Chemical and Hazardous Goods. The Air Freight segment operates as an air freight forwarder for both domestic and international routes and provides related airport warehouse management services. The Logistics Management segment provides integrated logistics services by air, inland, and sea for domestic and overseas transportation. The Logistics for Chemical and Hazardous Goods segment offers logistics solutions for sea, air, rail, and inland transport, including warehouse management and distribution services for chemical and hazardous materials. It generates the majority of its revenue from the Air Freight segment.
75GF Score
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