TCM PCL (BKK:TCMC) Operating Margin %: -7.67% (As of Mar. 2026)


BKK:TCMC TCM Corp PCL BKK:TCMC
29 GF Score
Price ฿0.31
GF Value ฿0.45
Valuation Possible Value Trap
! 6 Warning Signs
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What is TCM PCL Operating Margin %?

TCM PCL BKK:TCMC -6.06% 29 Operating Margin % is -7.67% as of Mar. 2026. GuruFocus rates BKK:TCMC with a GF Score™ of 29/100 and a GF Value™ of ฿0.45 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,034 Manufacturing - Apparel & Accessories companies, TCM PCL ranks worse than 66.63% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. TCM PCL's Operating Income for the three months ended in Mar. 2026 was ฿-62 Mil. TCM PCL's Revenue for the three months ended in Mar. 2026 was ฿809 Mil. Therefore, TCM PCL's Operating Margin % for the quarter that ended in Mar. 2026 was -7.67%.

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

BKK:TCMC' s Operating Margin % Range Over the Past 10 Years
Min: -1.87   Med: 3.1   Max: 9.09
Current: 0.75


BKK:TCMC's Operating Margin % is ranked worse than
66.63% of 1034 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.085 vs BKK:TCMC: 0.75

TCM PCL's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

TCM PCL's Operating Income for the three months ended in Mar. 2026 was ฿-62 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ฿34 Mil.


TCM PCL  (BKK:TCMC) 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.


TCM PCL Operating Margin % Related Terms


TCM PCL Operating Margin % Historical Data

* Premium members only.

The historical data trend for TCM 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.

TCM PCL Operating Margin % Chart

TCM 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 -0.45 2.78 3.55 -1.87 1.36

TCM 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 -2.09 -0.60 0.87 7.64 -7.67

BKK:TCMC vs AIN: Operating Margin % Comparison

For the Textile Manufacturing subindustry, TCM 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.


TCM PCL Operating Margin % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TCM PCL's Operating Margin % distribution charts can be found below:

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


BKK:TCMC
29GF Score
TCM Corp PCL BKK:TCMC
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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TCM 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.

TCM 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 )
=67.749 / 4976.533
=1.36 %

TCM 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 )
=-62.07 / 808.857
=-7.67 %

* 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 -7.67% mean?
TCM PCL (BKK:TCMC) has a Operating Margin % of -7.67% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on TCM PCL and its competitors. According to the industry distribution chart, TCM PCL ranks #689 out of 1034 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 66.6%.
Is TCM PCL's Operating Margin % too high?
TCM PCL's current Operating Margin % is -7.67%. Based on the distribution chart, TCM PCL ranks #689 out of 1034 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, TCM PCL has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TCM PCL's Operating Margin % compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, TCM PCL ranks #689 out of 1034 companies for Operating Margin %. This places TCM PCL in the lower half of its industry. The industry median Operating Margin % is 4.09. 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 Manufacturing - Apparel & Accessories company?
The median Operating Margin % among Manufacturing - Apparel & Accessories companies is 4.09, based on 1,034 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 TCM PCL and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Operating Margin % is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TCM PCL's current Operating Margin % is -7.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCM PCL stock overvalued right now?
Based on GuruFocus' analysis, TCM PCL (BKK:TCMC) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.45, compared to a current price of ฿0.31 — trading 31.1% below its estimated fair value. The current Operating Margin % is -7.67%. TCM PCL's overall GF Score™ is 29/100 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 TCM PCL (BKK:TCMC), the current Operating Margin % is -7.67% 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 TCM PCL (BKK:TCMC) Overvalued in 2026?

Based on GuruFocus' analysis, TCM PCL stock appears to be undervalued. The current stock price of ฿0.31 is trading 31.1% below its estimated GF Value™ of ฿0.45. GuruFocus considers TCM PCL to be Possible Value Trap.

Key valuation signals for BKK:TCMC:

  • Operating Margin %: -7.67%
  • GF Value™: ฿0.45 vs. price of ฿0.31 (31.1% below fair value)
  • GF Score™: 29/100 with 6 warning signs

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


TCM PCL Business Description

Address 2054 New Petchaburi Road, Bangkapi, Huaykwang, Bangkok, THA, 10310
TCM Corp PCL is a Thailand-based manufacturer, distributor, and seller of various types of rugs and carpets. The company operates through three segments, The Surface segment includes hand-woven and machine-woven carpet for indoor decoration including the flooring materials; the Living segment consisting sofa chairs for interior decoration, and the Automotive segment comprises carpet for the floors inside vehicles, vehicles upholstery fabrics. The company derives maximum revenue from the Surface Segment. It has a business presence in Thailand, United Kingdom, and other countries.
29GF Score

Get the complete analysis for BKK:TCMC

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

฿0.31
Price
฿0.45
GF Value