VGI PCLBKK:VGI +2.27%63 Operating Margin % is -31.22% as of Mar. 2026. GuruFocus rates BKK:VGI with a GF Score™ of 63/100 and a GF Value™ of ฿1.12 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 545 Conglomerates companies, VGI PCL ranks worse than 91.74% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. VGI PCL's Operating Income for the
three
months ended in Mar. 2026 was ฿-327 Mil. VGI PCL's Revenue for the
three
months ended in Mar. 2026 was ฿1,047 Mil. Therefore, VGI PCL's Operating Margin % for the quarter that ended in Mar. 2026 was -31.22%.
Warning Sign:
VGI PCL operating margin has been in a 5-year decline. The average rate of decline per year is -6%.
The historical rank and industry rank for VGI PCL's Operating Margin % or its related term are showing as below:
BKK:VGI'
s Operating Margin % Range Over the Past 10 Years
Min: -29.68 Med: -12.51 Max: 30.09
Current: -21.33
BKK:VGI's Operating Margin % is ranked worse than 91.74% of 545
companies
in the Conglomerates industry
Industry Median: 5.93
vs BKK:VGI: -21.33
VGI PCL's 5-Year Average Operating Margin % Growth Rate was -6.00% per year.
VGI PCL's Operating Income for the
three
months ended in Mar. 2026 was ฿-327 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ฿-927 Mil.
VGI PCL (BKK:VGI) 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 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.
VGI PCL Operating Margin % Related Terms
VGI PCL Operating Margin % Historical Data
* Premium members only.
The historical data trend for VGI 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:VGI vs HON, MMM: Operating Margin % Comparison
For the Conglomerates subindustry, VGI 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.
VGI PCL Operating Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, VGI PCL's Operating Margin % distribution charts can be found below:
* The bar in red indicates where VGI 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.
VGI PCL's Operating Margin % for the fiscal year that ended in Mar. 2026 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.
VGI PCL (BKK:VGI) has a Operating Margin % of -31.22% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on VGI PCL and its competitors. According to the industry distribution chart, VGI PCL ranks #500 out of 545 companies in the Conglomerates industry, placing it in the top 91.7%.
Is VGI PCL's Operating Margin % too high?
VGI PCL's current Operating Margin % is -31.22%. Based on the distribution chart, VGI PCL ranks #500 out of 545 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, VGI PCL has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VGI PCL's Operating Margin % compare to HON and MMM?
According to the Conglomerates industry distribution chart, VGI PCL ranks #500 out of 545 companies for Operating Margin %. This places VGI PCL in the lower half of its industry. The industry median Operating Margin % is 5.93. 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 Conglomerates company?
The median Operating Margin % among Conglomerates companies is 5.93, based on 545 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 VGI PCL and its competitors. For the Conglomerates industry, the median Operating Margin % is 5.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VGI PCL's current Operating Margin % is -31.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VGI PCL stock overvalued right now?
Based on GuruFocus' analysis, VGI PCL (BKK:VGI) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿1.12, compared to a current price of ฿0.90 — trading 19.6% below its estimated fair value. The current Operating Margin % is -31.22%. VGI PCL's overall GF Score™ is 63/100 with 4 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 VGI PCL (BKK:VGI), the current Operating Margin % is -31.22% 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 VGI PCL (BKK:VGI) Overvalued in 2026?
Based on GuruFocus' analysis, VGI PCL stock appears to be undervalued.
The current stock price of ฿0.90 is trading 19.6% below its estimated GF Value™ of ฿1.12.
GuruFocus considers VGI PCL to be Modestly Undervalued.
Key valuation signals for BKK:VGI:
Operating Margin %: -31.22%
GF Value™: ฿1.12 vs. price of ฿0.90 (19.6% below fair value)
No single metric tells the full story. See the BKK:VGI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VGI PCL is principally engaged in the arrangement and provision of advertising services in BTS stations, inside BTS trains, on BTS train bodies, in office buildings, and other spaces and the rental at BTS stations.is organised into business units based on the services it provides, and there are four reportable segments as follows: the Transit segment, the Digital service segment, the Distribution segment, and the Other segment. The majority of the revenue is derived from the Transit segment, which provision of advertising services in BTS stations, inside BTS trains, on BTS train bodies, on BTS Column and the rental of retail space at BTS stations. Geographically, the company operates in Thailand.
63GF Score
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