Phol Dhanya PCL (BKK:PHOL) Operating Margin %: 10.61% (As of Mar. 2026) — 48% Above Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:PHOL Phol Dhanya PCL BKK:PHOL
75 GF Score
Price ฿3.18
GF Value ฿2.92
Valuation Fairly Valued
! 4 Warning Signs
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What is Phol Dhanya PCL Operating Margin %?

Phol Dhanya PCL BKK:PHOL +1.92% 75 Operating Margin % is 10.61% as of Mar. 2026, which is 48% above its 10-year median of 7.17. GuruFocus rates BKK:PHOL with a GF Score™ of 75/100 and a GF Value™ of ฿2.92 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,070 Business Services companies, Phol Dhanya PCL ranks better than 60% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Phol Dhanya PCL's Operating Income for the three months ended in Mar. 2026 was ฿28 Mil. Phol Dhanya PCL's Revenue for the three months ended in Mar. 2026 was ฿260 Mil. Therefore, Phol Dhanya PCL's Operating Margin % for the quarter that ended in Mar. 2026 was 10.61%.

Warning Sign:

Phol Dhanya PCL operating margin has been in a 5-year decline. The average rate of decline per year is -2.8%.

The historical rank and industry rank for Phol Dhanya PCL's Operating Margin % or its related term are showing as below:

BKK:PHOL' s Operating Margin % Range Over the Past 10 Years
Min: -11.75   Med: 7.17   Max: 8.84
Current: 8.71


BKK:PHOL's Operating Margin % is ranked better than
60% of 1070 companies
in the Business Services industry
Industry Median: 6.365 vs BKK:PHOL: 8.71

Phol Dhanya PCL's 5-Year Average Operating Margin % Growth Rate was -2.80% per year.

Phol Dhanya PCL's Operating Income for the three months ended in Mar. 2026 was ฿28 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ฿90 Mil.


Phol Dhanya PCL  (BKK:PHOL) 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 Nokia’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.


Phol Dhanya PCL Operating Margin % Related Terms


Phol Dhanya PCL Operating Margin % Historical Data

* Premium members only.

The historical data trend for Phol Dhanya 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.

Phol Dhanya PCL Operating Margin % Chart

Phol Dhanya PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.84 7.44 7.60 6.90 8.16

Phol Dhanya PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.46 7.93 8.94 7.31 10.61

BKK:PHOL vs ALLE, MSA, ADT: Operating Margin % Comparison

For the Security & Protection Services subindustry, Phol Dhanya 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.


Phol Dhanya PCL Operating Margin % vs Business Services Industry

For the Business Services industry and Industrials sector, Phol Dhanya PCL's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Phol Dhanya PCL's Operating Margin % falls into.


BKK:PHOL
75GF Score
Phol Dhanya PCL BKK:PHOL
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Phol Dhanya 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.

Phol Dhanya PCL's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=82.949 / 1016.663
=8.16 %

Phol Dhanya PCL's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=27.635 / 260.483
=10.61 %

* 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.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of 10.61% mean?
Phol Dhanya PCL (BKK:PHOL) has a Operating Margin % of 10.61% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Phol Dhanya PCL and its competitors. This is 48% above median its historical median of 7.17. According to the industry distribution chart, Phol Dhanya PCL ranks #428 out of 1070 companies in the Business Services industry, placing it in the top 40%.
Is Phol Dhanya PCL's Operating Margin % too high?
Phol Dhanya PCL's current Operating Margin % of 10.61% is 48% above median its 10-year median of 7.17. The Business Services industry median Operating Margin % is 6.37. Phol Dhanya PCL's value of 10.61% is 66.7% above this industry median. Based on the distribution chart, Phol Dhanya PCL ranks #428 out of 1070 companies in the Business Services industry, which is above the industry midpoint. Overall, Phol Dhanya PCL has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Phol Dhanya PCL's Operating Margin % compare to ALLE and MSA?
According to the Business Services industry distribution chart, Phol Dhanya PCL ranks #428 out of 1070 companies for Operating Margin %. This puts Phol Dhanya PCL in the upper half of its industry. The industry median Operating Margin % is 6.37. Phol Dhanya PCL's value of 10.61% is 66.7% above this benchmark. While the company's 10-year median is 7.17 vs. the industry median of 6.37, Phol Dhanya 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 Business Services company?
The median Operating Margin % among Business Services companies is 6.37, based on 1,070 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. Phol Dhanya PCL's current Operating Margin % of 10.61% is 66.7% 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 Phol Dhanya PCL and its competitors. For the Business Services industry, the median Operating Margin % is 6.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phol Dhanya PCL's current Operating Margin % is 10.61%, which is 48% above median its own 10-year median of 7.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phol Dhanya PCL stock overvalued right now?
Based on GuruFocus' analysis, Phol Dhanya PCL (BKK:PHOL) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.92, compared to a current price of ฿3.18 — trading 8.9% above its estimated fair value. The current Operating Margin % is 10.61%, which is 48% above median its 10-year median of 7.17 and 66.7% above the Business Services industry median of 6.37. Phol Dhanya PCL's overall GF Score™ is 75/100 with 4 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 Phol Dhanya PCL (BKK:PHOL), the current Operating Margin % is 10.61% 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 Phol Dhanya PCL (BKK:PHOL) Overvalued in 2026?

Based on GuruFocus' analysis, Phol Dhanya PCL stock appears to be overvalued. The current stock price of ฿3.18 is trading 8.9% above its estimated GF Value™ of ฿2.92. GuruFocus considers Phol Dhanya PCL to be Fairly Valued.

Key valuation signals for BKK:PHOL:

  • Operating Margin %: 10.61% (48% above median its 10-year median of 7.17)
  • GF Value™: ฿2.92 vs. price of ฿3.18 (8.9% above fair value)
  • GF Score™: 75/100 with 4 warning signs
  • Industry Position: 66.7% above the Business Services median (#428 of 1070)

No single metric tells the full story. See the BKK:PHOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Phol Dhanya PCL Business Description

Address 1/11 Moo 3 Lamlukka Road, Tambol Ladsawai, Amphur Lamlukka, Pathum Thani Province, Pathumthani, THA, 12150
Phol Dhanya PCL is a Thailand-based company engaged in the trading business. It is involved in the distribution of safety, health, and environmental products, and the distribution, production, and servicing of water treatment systems. The operating segments of the group are Trading in Health and Safety Products, Water treatment systems, and Others. It generates the majority of its revenue from the Trading in Health and Safety Products segment. The company offers products like firefighting suits, gas meters, fall protection devices, gloves, dust masks, chemical masks, and other related products. The group operates in Thailand, and internationally of which the majority of the revenue is derived from Thailand.
75GF Score

Get the complete analysis for BKK:PHOL

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿3.18
Price
฿2.92
GF Value