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Quality Houses PCLBKK:QH +1.42%80 Operating Margin % is 5.32% as of Mar. 2026, which is 58% below its 10-year median of 12.59. GuruFocus rates BKK:QH with a GF Score™ of 80/100 and a GF Value™ of ฿1.56 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,747 Real Estate companies, Quality Houses PCL ranks worse than 66.46% 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.
Quality Houses PCL Operating Margin % Related Terms
Quality Houses PCL Operating Margin % Historical Data
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The historical data trend for Quality Houses 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 Real Estate - Development subindustry, Quality Houses 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.
Quality Houses PCL Operating Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Quality Houses PCL's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Quality Houses 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.
Quality Houses 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.
Quality Houses PCL (BKK:QH) has a Operating Margin % of 5.32% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Quality Houses PCL and its competitors. This is 58% below median its historical median of 12.59. Over the past decade, Quality Houses PCL's Operating Margin % has ranged from 3.57 to 16.78. According to the industry distribution chart, Quality Houses PCL ranks #1161 out of 1747 companies in the Real Estate industry, placing it in the top 66.5%.
Is Quality Houses PCL's Operating Margin % too high?
Quality Houses PCL's current Operating Margin % of 5.32% is 58% below median its 10-year median of 12.59. Over the past 10 years, this metric has ranged from a low of 3.57 to a high of 16.78. The Real Estate industry median Operating Margin % is 13.37. Quality Houses PCL's value of 5.32% is 60.2% below this industry median. Based on the distribution chart, Quality Houses PCL ranks #1161 out of 1747 companies in the Real Estate industry, which is below the industry midpoint. Overall, Quality Houses PCL has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Quality Houses PCL's Operating Margin % compare to competitors?
According to the Real Estate industry distribution chart, Quality Houses PCL ranks #1161 out of 1747 companies for Operating Margin %. This places Quality Houses PCL in the lower half of its industry. The industry median Operating Margin % is 13.37. Quality Houses PCL's value of 5.32% is 60.2% below this benchmark. Historically, Quality Houses PCL's own Operating Margin % has ranged from 3.57 to 16.78 over the past decade. While the company's 10-year median is 12.59 vs. the industry median of 13.37, Quality Houses 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 Real Estate company?
The median Operating Margin % among Real Estate companies is 13.37, based on 1,747 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. Quality Houses PCL's current Operating Margin % of 5.32% is 60.2% 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 Quality Houses PCL and its competitors. For the Real Estate industry, the median Operating Margin % is 13.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quality Houses PCL's current Operating Margin % is 5.32%, which is 58% below median its own 10-year median of 12.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quality Houses PCL stock overvalued right now?
Based on GuruFocus' analysis, Quality Houses PCL (BKK:QH) is currently considered Fairly Valued. The stock's GF Value™ is ฿1.56, compared to a current price of ฿1.43 — trading 8.3% below its estimated fair value. The current Operating Margin % is 5.32%, which is 58% below median its 10-year median of 12.59 and 60.2% below the Real Estate industry median of 13.37. Quality Houses PCL's overall GF Score™ is 80/100 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 Quality Houses PCL (BKK:QH), the current Operating Margin % is 5.32% 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 Quality Houses PCL (BKK:QH) Overvalued in 2026?
Based on GuruFocus' analysis, Quality Houses PCL stock appears to be undervalued.
The current stock price of ฿1.43 is trading 8.3% below its estimated GF Value™ of ฿1.56.
GuruFocus considers Quality Houses PCL to be Fairly Valued.
Key valuation signals for BKK:QH:
Operating Margin %: 5.32% (58% below median its 10-year median of 12.59)
GF Value™: ฿1.56 vs. price of ฿1.43 (8.3% below fair value)
Industry Position: 60.2% below the Real Estate median (#1161 of 1747)
No single metric tells the full story. See the BKK:QH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quality Houses PCL is a real estate development company. The company divides its business operations into four revenue-generating segments. The real estate business comprises sales of land and houses, and the sales of condominium units. The Hotel business segment relates to the service of residential buildings. The rental business segment relates to the rental of office buildings. The Others segment consists of providing management services for buildings and investing in the business. The real estate business generates a majority of the company's revenue. The company operates solely in Thailand.
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