Supalai PCLBKK:SPALI-F 80 Operating Margin % is 15.23% as of Mar. 2026, which is 44% below its 10-year median of 27.01. GuruFocus rates BKK:SPALI-F with a GF Score™ of 80/100 and a GF Value™ of ฿16.03. The stock has 7 warning signs investors should review. Among 1,745 Real Estate companies, Supalai PCL ranks better than 59.37% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Supalai PCL's Operating Income for the
three
months ended in Mar. 2026 was ฿577 Mil. Supalai PCL's Revenue for the
three
months ended in Mar. 2026 was ฿3,792 Mil. Therefore, Supalai PCL's Operating Margin % for the quarter that ended in Mar. 2026 was 15.23%.
Warning Sign:
Supalai PCL operating margin has been in a 5-year decline. The average rate of decline per year is -6.3%.
The historical rank and industry rank for Supalai PCL's Operating Margin % or its related term are showing as below:
BKK:SPALI-F'
s Operating Margin % Range Over the Past 10 Years
Min: 18.52 Med: 27.01 Max: 28.54
Current: 18.59
BKK:SPALI-F's Operating Margin % is ranked better than 59.37% of 1745
companies
in the Real Estate industry
Industry Median: 13.17
vs BKK:SPALI-F: 18.59
Supalai PCL's 5-Year Average Operating Margin % Growth Rate was -6.30% per year.
Supalai PCL's Operating Income for the
three
months ended in Mar. 2026 was ฿577 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ฿4,514 Mil.
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.
Supalai PCL Operating Margin % Related Terms
Supalai PCL Operating Margin % Historical Data
* Premium members only.
The historical data trend for Supalai 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, Supalai 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.
Supalai PCL Operating Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Supalai PCL's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Supalai 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.
Supalai 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.
Supalai PCL (BKK:SPALI-F) has a Operating Margin % of 15.23% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Supalai PCL and its competitors. This is 44% below median its historical median of 27.01. Over the past decade, Supalai PCL's Operating Margin % has ranged from 18.52 to 28.54. According to the industry distribution chart, Supalai PCL ranks #709 out of 1745 companies in the Real Estate industry, placing it in the top 40.6%.
Is Supalai PCL's Operating Margin % too high?
Supalai PCL's current Operating Margin % of 15.23% is 44% below median its 10-year median of 27.01. Over the past 10 years, this metric has ranged from a low of 18.52 to a high of 28.54. The Real Estate industry median Operating Margin % is 13.17. Supalai PCL's value of 15.23% is 15.6% above this industry median. Based on the distribution chart, Supalai PCL ranks #709 out of 1745 companies in the Real Estate industry, which is above the industry midpoint. Overall, Supalai PCL has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Supalai PCL's Operating Margin % compare to competitors?
According to the Real Estate industry distribution chart, Supalai PCL ranks #709 out of 1745 companies for Operating Margin %. This puts Supalai PCL in the upper half of its industry. The industry median Operating Margin % is 13.17. Supalai PCL's value of 15.23% is 15.6% above this benchmark. Historically, Supalai PCL's own Operating Margin % has ranged from 18.52 to 28.54 over the past decade. While the company's 10-year median is 27.01 vs. the industry median of 13.17, Supalai 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 Real Estate company?
The median Operating Margin % among Real Estate companies is 13.17, based on 1,745 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. Supalai PCL's current Operating Margin % of 15.23% is 15.6% 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 Supalai PCL and its competitors. For the Real Estate industry, the median Operating Margin % is 13.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Supalai PCL's current Operating Margin % is 15.23%, which is 44% below median its own 10-year median of 27.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Supalai PCL stock overvalued right now?
Supalai PCL (BKK:SPALI-F) has a current Operating Margin % of 15.23%. The stock's GF Value™ is ฿16.03, compared to a current price of ฿16.30 — trading 1.7% above its estimated fair value. The current Operating Margin % is 15.23%, which is 44% below median its 10-year median of 27.01 and 15.6% above the Real Estate industry median of 13.17. Supalai PCL's overall GF Score™ is 80/100 with 7 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 Supalai PCL (BKK:SPALI-F), the current Operating Margin % is 15.23% 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 Supalai PCL (BKK:SPALI-F) Overvalued in 2026?
Based on GuruFocus' analysis, Supalai PCL stock appears to be overvalued.
The current stock price of ฿16.30 is trading 1.7% above its estimated GF Value™ of ฿16.03.
Key valuation signals for BKK:SPALI-F:
Operating Margin %: 15.23% (44% below median its 10-year median of 27.01)
GF Value™: ฿16.03 vs. price of ฿16.30 (1.7% above fair value)
Industry Position: 15.6% above the Real Estate median (#709 of 1745)
No single metric tells the full story. See the BKK:SPALI-F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Supalai PCL is engaged in property development. The company and its subsidiaries own and operate housing projects, including detached houses, duplex houses, townhouses, and condominiums in multiple areas throughout Bangkok and the surrounding provinces. Additionally, the company develops offices for rent in commercial districts. The company has subsidiaries that engage in real estate project management and the management of hotels and resorts. The operating segments of the company are real estate, which generates the majority of the revenue, and hotel business and management. Geographically, the company generates the majority of its revenue from Thailand and also has its presence in Australia.
80GF Score
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