KGI Securities (Thailand) PCLBKK:KGI -0.46%71 Operating Margin % is 35.29% as of Mar. 2026, which is 1% above its 10-year median of 35.06. GuruFocus rates BKK:KGI with a GF Score™ of 71/100 and a GF Value™ of ฿4.41 (Fairly Valued). The stock has 6 warning signs investors should review. Among 664 Capital Markets companies, KGI Securities (Thailand) PCL ranks better than 69.88% on this metric.
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.
KGI Securities (Thailand) PCL Operating Margin % Related Terms
KGI Securities (Thailand) PCL Operating Margin % Historical Data
* 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:KGI vs MS, GS, SCHW: Operating Margin % Comparison
For the Capital Markets subindustry, KGI Securities (Thailand) 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.
KGI Securities (Thailand) PCL Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, KGI Securities (Thailand) PCL's Operating Margin % distribution charts can be found below:
* The bar in red indicates where KGI Securities (Thailand) 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.
* 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.
KGI Securities (Thailand) PCL (BKK:KGI) has a Operating Margin % of 35.29% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on KGI Securities (Thailand) PCL and its competitors. This is near median its historical median of 35.06. Over the past decade, KGI Securities (Thailand) PCL's Operating Margin % has ranged from 25.75 to 43.45. According to the industry distribution chart, KGI Securities (Thailand) PCL ranks #200 out of 664 companies in the Capital Markets industry, placing it in the top 30.1%.
Is KGI Securities (Thailand) PCL's Operating Margin % too high?
KGI Securities (Thailand) PCL's current Operating Margin % of 35.29% is near median its 10-year median of 35.06. Over the past 10 years, this metric has ranged from a low of 25.75 to a high of 43.45. The Capital Markets industry median Operating Margin % is 6.96. KGI Securities (Thailand) PCL's value of 35.29% is 407.4% above this industry median. Based on the distribution chart, KGI Securities (Thailand) PCL ranks #200 out of 664 companies in the Capital Markets industry, which is above the industry midpoint. Overall, KGI Securities (Thailand) PCL has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KGI Securities (Thailand) PCL's Operating Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, KGI Securities (Thailand) PCL ranks #200 out of 664 companies for Operating Margin %. This puts KGI Securities (Thailand) PCL in the upper half of its industry. The industry median Operating Margin % is 6.96. KGI Securities (Thailand) PCL's value of 35.29% is 407.4% above this benchmark. Historically, KGI Securities (Thailand) PCL's own Operating Margin % has ranged from 25.75 to 43.45 over the past decade. While the company's 10-year median is 35.06 vs. the industry median of 6.96, KGI Securities (Thailand) 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 Capital Markets company?
The median Operating Margin % among Capital Markets companies is 6.96, based on 664 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. KGI Securities (Thailand) PCL's current Operating Margin % of 35.29% is 407.4% 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 KGI Securities (Thailand) PCL and its competitors. For the Capital Markets industry, the median Operating Margin % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KGI Securities (Thailand) PCL's current Operating Margin % is 35.29%, which is near median its own 10-year median of 35.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KGI Securities (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, KGI Securities (Thailand) PCL (BKK:KGI) is currently considered Fairly Valued. The stock's GF Value™ is ฿4.41, compared to a current price of ฿4.36 — trading 1.1% below its estimated fair value. The current Operating Margin % is 35.29%, which is near median its 10-year median of 35.06 and 407.4% above the Capital Markets industry median of 6.96. KGI Securities (Thailand) PCL's overall GF Score™ is 71/100 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 KGI Securities (Thailand) PCL (BKK:KGI), the current Operating Margin % is 35.29% 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 KGI Securities (Thailand) PCL (BKK:KGI) Overvalued in 2026?
Based on GuruFocus' analysis, KGI Securities (Thailand) PCL stock appears to be undervalued.
The current stock price of ฿4.36 is trading 1.1% below its estimated GF Value™ of ฿4.41.
GuruFocus considers KGI Securities (Thailand) PCL to be Fairly Valued.
Key valuation signals for BKK:KGI:
Operating Margin %: 35.29% (near median its 10-year median of 35.06)
GF Value™: ฿4.41 vs. price of ฿4.36 (1.1% below fair value)
Industry Position: 407.4% above the Capital Markets median (#200 of 664)
No single metric tells the full story. See the BKK:KGI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KGI Securities (Thailand) PCL Business Description
KGI Securities (Thailand) PCL is a Thailand-based company engaged in the securities and derivatives business. Its business activities include securities brokerage, securities dealing, investment advisory, securities underwriting, securities borrowing and lending, securities registrar, derivatives brokerage, financial advisory, over-the-counter derivative business, sales agent of mutual fund units, and others. The operating segments of the company are the Securities and derivatives brokerage segment, Investment banking segment, Security trading segment and Asset management segment, of which key revenue is generated from the security trading segment. Geographically, the company operates in Thailand.
71GF Score
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