TBN PCL (BKK:TBN) Operating Margin %: -8.63% (As of Mar. 2026)


BKK:TBN TBN Corp PCL BKK:TBN
63 GF Score
Price ฿3.58
GF Value ฿6.36
Valuation Significantly Undervalued
! 6 Warning Signs
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What is TBN PCL Operating Margin %?

TBN PCL BKK:TBN -0.55% 63 Operating Margin % is -8.63% as of Mar. 2026. GuruFocus rates BKK:TBN with a GF Score™ of 63/100 and a GF Value™ of ฿6.36 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 2,820 Software companies, TBN PCL ranks worse than 58.48% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. TBN PCL's Operating Income for the three months ended in Mar. 2026 was ฿-7.5 Mil. TBN PCL's Revenue for the three months ended in Mar. 2026 was ฿86.9 Mil. Therefore, TBN PCL's Operating Margin % for the quarter that ended in Mar. 2026 was -8.63%.

Warning Sign:

TBN Corp PCL operating margin has been in a 5-year decline. The average rate of decline per year is -35.6%.

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

BKK:TBN' s Operating Margin % Range Over the Past 10 Years
Min: 0.9   Med: 20.56   Max: 43.06
Current: 0.9


BKK:TBN's Operating Margin % is ranked worse than
58.48% of 2820 companies
in the Software industry
Industry Median: 3.865 vs BKK:TBN: 0.90

TBN PCL's 5-Year Average Operating Margin % Growth Rate was -35.60% per year.

TBN PCL's Operating Income for the three months ended in Mar. 2026 was ฿-7.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ฿3.3 Mil.


TBN PCL  (BKK:TBN) 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.


TBN PCL Operating Margin % Related Terms


TBN PCL Operating Margin % Historical Data

* Premium members only.

The historical data trend for TBN 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.

TBN PCL Operating Margin % Chart

TBN PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial 34.82 12.48 20.56 5.39 5.50

TBN PCL Quarterly Data
Dec19 Dec20 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 10.16 0.20 5.81 5.63 -8.63

BKK:TBN vs CRM, SHOP, UBER: Operating Margin % Comparison

For the Software - Application subindustry, TBN 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.


TBN PCL Operating Margin % vs Software Industry

For the Software industry and Technology sector, TBN PCL's Operating Margin % distribution charts can be found below:

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


BKK:TBN
63GF Score
TBN Corp PCL BKK:TBN
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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TBN 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.

TBN 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 )
=20.68 / 375.925
=5.50 %

TBN 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 )
=-7.504 / 86.924
=-8.63 %

* 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 -8.63% mean?
TBN PCL (BKK:TBN) has a Operating Margin % of -8.63% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on TBN PCL and its competitors. Over the past decade, TBN PCL's Operating Margin % has ranged from 0.90 to 43.06. According to the industry distribution chart, TBN PCL ranks #1649 out of 2820 companies in the Software industry, placing it in the top 58.5%.
Is TBN PCL's Operating Margin % too high?
TBN PCL's current Operating Margin % is -8.63%. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 43.06. Based on the distribution chart, TBN PCL ranks #1649 out of 2820 companies in the Software industry, which is below the industry midpoint. Overall, TBN PCL has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TBN PCL's Operating Margin % compare to CRM and SHOP?
According to the Software industry distribution chart, TBN PCL ranks #1649 out of 2820 companies for Operating Margin %. This places TBN PCL in the lower half of its industry. The industry median Operating Margin % is 3.87. Historically, TBN PCL's own Operating Margin % has ranged from 0.90 to 43.06 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 Software company?
The median Operating Margin % among Software companies is 3.87, based on 2,820 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 TBN PCL and its competitors. For the Software industry, the median Operating Margin % is 3.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TBN PCL's current Operating Margin % is -8.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TBN PCL stock overvalued right now?
Based on GuruFocus' analysis, TBN PCL (BKK:TBN) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿6.36, compared to a current price of ฿3.58 — trading 43.7% below its estimated fair value. The current Operating Margin % is -8.63%. TBN PCL's overall GF Score™ is 63/100 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 TBN PCL (BKK:TBN), the current Operating Margin % is -8.63% 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 TBN PCL (BKK:TBN) Overvalued in 2026?

Based on GuruFocus' analysis, TBN PCL stock appears to be undervalued. The current stock price of ฿3.58 is trading 43.7% below its estimated GF Value™ of ฿6.36. GuruFocus considers TBN PCL to be Significantly Undervalued.

Key valuation signals for BKK:TBN:

  • Operating Margin %: -8.63%
  • GF Value™: ฿6.36 vs. price of ฿3.58 (43.7% below fair value)
  • GF Score™: 63/100 with 6 warning signs

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


TBN PCL Business Description

Address Sukhumvit 21 (Asoke) Road, Floor. 15, Room No. 1501-1502, 54 Bangkok Business Building, Klong Toey Nua, Wattana, Bangkok, THA, 10110
TBN Corp PCL is Thailand's first low-code solutions provider. The company is engaged in the business of sales and development of software, including consultation on software development. The Company's segments include Digital solutions and technical consultancy services and technical maintenance, licensing, and cloud services, and Other. It offers a range of digital system design and development services, is a digital transformation consultant and solutions developer based on customer needs.
63GF Score

Get the complete analysis for BKK:TBN

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

฿3.58
Price
฿6.36
GF Value