Ocean Glass PCLBKK:OGC 59 Operating Margin % is -6.76% as of Mar. 2026. GuruFocus rates BKK:OGC with a GF Score™ of 59/100 and a GF Value™ of ฿18.45 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 430 Furnishings, Fixtures & Appliances companies, Ocean Glass PCL ranks worse than 57.44% on this metric.
Ocean Glass PCL operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Ocean Glass PCL's Operating Margin % or its related term are showing as below:
BKK:OGC'
s Operating Margin % Range Over the Past 10 Years
Min: 2.65 Med: 8.51 Max: 15.13
Current: 2.65
BKK:OGC's Operating Margin % is ranked worse than 57.44% of 430
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 3.69
vs BKK:OGC: 2.65
Ocean Glass PCL's 5-Year Average Operating Margin % Growth Rate was 2.40% 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.
Ocean Glass PCL Operating Margin % Related Terms
Ocean Glass PCL Operating Margin % Historical Data
* Premium members only.
The historical data trend for Ocean Glass 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:OGC vs SN, SGI, MHK: Operating Margin % Comparison
For the Furnishings, Fixtures & Appliances subindustry, Ocean Glass 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.
Ocean Glass PCL Operating Margin % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ocean Glass PCL's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Ocean Glass 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.
Ocean Glass 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.
Ocean Glass PCL (BKK:OGC) has a Operating Margin % of -6.76% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Ocean Glass PCL and its competitors. Over the past decade, Ocean Glass PCL's Operating Margin % has ranged from 2.65 to 15.13. According to the industry distribution chart, Ocean Glass PCL ranks #247 out of 430 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 57.4%.
Is Ocean Glass PCL's Operating Margin % too high?
Ocean Glass PCL's current Operating Margin % is -6.76%. Over the past 10 years, this metric has ranged from a low of 2.65 to a high of 15.13. Based on the distribution chart, Ocean Glass PCL ranks #247 out of 430 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Ocean Glass PCL has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ocean Glass PCL's Operating Margin % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Ocean Glass PCL ranks #247 out of 430 companies for Operating Margin %. This places Ocean Glass PCL in the lower half of its industry. The industry median Operating Margin % is 3.69. Historically, Ocean Glass PCL's own Operating Margin % has ranged from 2.65 to 15.13 over the past decade. 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 Furnishings, Fixtures & Appliances company?
The median Operating Margin % among Furnishings, Fixtures & Appliances companies is 3.69, based on 430 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. 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 Ocean Glass PCL and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Operating Margin % is 3.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ocean Glass PCL's current Operating Margin % is -6.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocean Glass PCL stock overvalued right now?
Based on GuruFocus' analysis, Ocean Glass PCL (BKK:OGC) is currently considered Possible Value Trap. The stock's GF Value™ is ฿18.45, compared to a current price of ฿9.70 — trading 47.4% below its estimated fair value. The current Operating Margin % is -6.76%. Ocean Glass PCL's overall GF Score™ is 59/100 with 8 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 Ocean Glass PCL (BKK:OGC), the current Operating Margin % is -6.76% 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 Ocean Glass PCL (BKK:OGC) Overvalued in 2026?
Based on GuruFocus' analysis, Ocean Glass PCL stock appears to be undervalued.
The current stock price of ฿9.70 is trading 47.4% below its estimated GF Value™ of ฿18.45.
GuruFocus considers Ocean Glass PCL to be Possible Value Trap.
Key valuation signals for BKK:OGC:
Operating Margin %: -6.76%
GF Value™: ฿18.45 vs. price of ฿9.70 (47.4% below fair value)
No single metric tells the full story. See the BKK:OGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ocean Glass PCL is a Thailand-based company that manufactures and sells table glassware. The company manufactures glassware for families, food service operators, companies, and brands who want to personalize their own glassware as gifts or souvenirs. Its offering includes all kinds of glasses such as drinking glasses, wine glasses, beer glasses, juice glasses and dining glass sets. It sells its products under the brands Ocean and Lucaris. Its market coverage includes Thailand and Overseas markets, with the majority of the revenue generated from overseas sales.
59GF Score
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