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TSTE PCLBKK:TSTE 78 Operating Margin % is 9.36% as of Mar. 2026, which is 11% below its 10-year median of 10.52. GuruFocus rates BKK:TSTE with a GF Score™ of 78/100 and a GF Value™ of ฿10.66 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,957 Consumer Packaged Goods companies, TSTE PCL ranks better than 67.76% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. TSTE PCL's Operating Income for the
three
months ended in Mar. 2026 was ฿61 Mil. TSTE PCL's Revenue for the
three
months ended in Mar. 2026 was ฿653 Mil. Therefore, TSTE PCL's Operating Margin % for the quarter that ended in Mar. 2026 was 9.36%.
Warning Sign:
TSTE PCL operating margin has been in a 5-year decline. The average rate of decline per year is -5.7%.
The historical rank and industry rank for TSTE PCL's Operating Margin % or its related term are showing as below:
BKK:TSTE'
s Operating Margin % Range Over the Past 10 Years
Min: 6.78 Med: 10.52 Max: 14.33
Current: 8.91
BKK:TSTE's Operating Margin % is ranked better than 67.76% of 1957
companies
in the Consumer Packaged Goods industry
Industry Median: 5.3
vs BKK:TSTE: 8.91
TSTE PCL's 5-Year Average Operating Margin % Growth Rate was -5.70% per year.
TSTE PCL's Operating Income for the
three
months ended in Mar. 2026 was ฿61 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ฿231 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.
TSTE PCL Operating Margin % Related Terms
TSTE PCL Operating Margin % Historical Data
* Premium members only.
The historical data trend for TSTE 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.
BKK:TSTE vs ADM, BG, TSN: Operating Margin % Comparison
For the Farm Products subindustry, TSTE 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.
TSTE PCL Operating Margin % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, TSTE PCL's Operating Margin % distribution charts can be found below:
* The bar in red indicates where TSTE 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.
TSTE 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.
TSTE PCL (BKK:TSTE) has a Operating Margin % of 9.36% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on TSTE PCL and its competitors. This is 11% below median its historical median of 10.52. Over the past decade, TSTE PCL's Operating Margin % has ranged from 6.78 to 14.33. According to the industry distribution chart, TSTE PCL ranks #631 out of 1957 companies in the Consumer Packaged Goods industry, placing it in the top 32.2%.
Is TSTE PCL's Operating Margin % too high?
TSTE PCL's current Operating Margin % of 9.36% is 11% below median its 10-year median of 10.52. Over the past 10 years, this metric has ranged from a low of 6.78 to a high of 14.33. The Consumer Packaged Goods industry median Operating Margin % is 5.30. TSTE PCL's value of 9.36% is 76.6% above this industry median. Based on the distribution chart, TSTE PCL ranks #631 out of 1957 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, TSTE PCL has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TSTE PCL's Operating Margin % compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, TSTE PCL ranks #631 out of 1957 companies for Operating Margin %. This puts TSTE PCL in the upper half of its industry. The industry median Operating Margin % is 5.30. TSTE PCL's value of 9.36% is 76.6% above this benchmark. Historically, TSTE PCL's own Operating Margin % has ranged from 6.78 to 14.33 over the past decade. While the company's 10-year median is 10.52 vs. the industry median of 5.30, TSTE 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 Consumer Packaged Goods company?
The median Operating Margin % among Consumer Packaged Goods companies is 5.30, based on 1,957 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. TSTE PCL's current Operating Margin % of 9.36% is 76.6% 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 TSTE PCL and its competitors. For the Consumer Packaged Goods industry, the median Operating Margin % is 5.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSTE PCL's current Operating Margin % is 9.36%, which is 11% below median its own 10-year median of 10.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSTE PCL stock overvalued right now?
Based on GuruFocus' analysis, TSTE PCL (BKK:TSTE) is currently considered Fairly Valued. The stock's GF Value™ is ฿10.66, compared to a current price of ฿10.50 — trading 1.5% below its estimated fair value. The current Operating Margin % is 9.36%, which is 11% below median its 10-year median of 10.52 and 76.6% above the Consumer Packaged Goods industry median of 5.30. TSTE PCL's overall GF Score™ is 78/100 with 5 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 TSTE PCL (BKK:TSTE), the current Operating Margin % is 9.36% 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 TSTE PCL (BKK:TSTE) Overvalued in 2026?
Based on GuruFocus' analysis, TSTE PCL stock appears to be undervalued.
The current stock price of ฿10.50 is trading 1.5% below its estimated GF Value™ of ฿10.66.
GuruFocus considers TSTE PCL to be Fairly Valued.
Key valuation signals for BKK:TSTE:
Operating Margin %: 9.36% (11% below median its 10-year median of 10.52)
GF Value™: ฿10.66 vs. price of ฿10.50 (1.5% below fair value)
Industry Position: 76.6% above the Consumer Packaged Goods median (#631 of 1957)
No single metric tells the full story. See the BKK:TSTE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TSTE PCL is a Thailand-based company, which is a provider of logistics services. It operates businesses relating to transfer and transportation services , land rental, warehouse, and other assets rental, land trading operation, land lots appropriation and construction of buildings on land for sale, rental, hire-purchase for residential, real estate and office and commercial units. Its segments include Port service and Warehouse, Vegetable Oil and Packaging, Food and Raw Materials, Real Estate and other. Majority revenue is from the Vegetable Oil and Packaging segment.
78GF Score
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