Gulf Development PCL (BKK:GULF) Pretax Margin %: 29.01% (As of Mar. 2026) — 45% Above Median

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BKK:GULF Gulf Development PCL BKK:GULF
16 GF Score
Price ฿65.25
! 12 Warning Signs
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What is Gulf Development PCL Pretax Margin %?

Gulf Development PCL BKK:GULF -1.14% 16 Pretax Margin % is 29.01% as of Mar. 2026, which is 45% above its 10-year median of 20.04. GuruFocus rates BKK:GULF with a GF Score™ of 16/100. The stock has 12 warning signs investors should review. Among 427 Utilities - Independent Power Producers companies, Gulf Development PCL ranks better than 93.44% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Gulf Development PCL's Pre-Tax Income for the three months ended in Mar. 2026 was ฿10,919 Mil. Gulf Development PCL's Revenue for the three months ended in Mar. 2026 was ฿37,638 Mil. Therefore, Gulf Development PCL's pretax margin for the quarter that ended in Mar. 2026 was 29.01%.

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

BKK:GULF' s Pretax Margin % Range Over the Past 10 Years
Min: 16.41   Med: 20.04   Max: 88.56
Current: 70.75


BKK:GULF's Pretax Margin % is ranked better than
93.44% of 427 companies
in the Utilities - Independent Power Producers industry
Industry Median: 8.53 vs BKK:GULF: 70.75

Gulf Development PCL  (BKK:GULF) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Gulf Development PCL Pretax Margin % Related Terms


Gulf Development PCL Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Gulf Development PCL's Pretax 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.

Gulf Development PCL Pretax Margin % Chart

Gulf Development PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.04 16.41 18.12 19.91 0.00

Gulf Development PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Pretax 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 22.81 171.21 31.32 33.94 29.01

BKK:GULF vs CEG, VST, NRG: Pretax Margin % Comparison

For the Utilities - Independent Power Producers subindustry, Gulf Development PCL's Pretax Margin %, along with its competitors' market caps and Pretax 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.


Gulf Development PCL Pretax Margin % vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Gulf Development PCL's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Gulf Development PCL's Pretax Margin % falls into.


BKK:GULF
16GF Score
Gulf Development PCL BKK:GULF
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Gulf Development PCL Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Gulf Development PCL's Pretax Margin for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=0/0
= %

Gulf Development PCL's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=10919.413/37638.123
=29.01 %

* 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 Pretax Margin % →
What does a Pretax Margin % of 29.01% mean?
Gulf Development PCL (BKK:GULF) has a Pretax Margin % of 29.01% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Gulf Development PCL and its competitors. This is 45% above median its historical median of 20.04. Over the past decade, Gulf Development PCL's Pretax Margin % has ranged from 16.41 to 88.56. According to the industry distribution chart, Gulf Development PCL ranks #28 out of 427 companies in the Utilities - Independent Power Producers industry, placing it in the top 6.6%.
Is Gulf Development PCL's Pretax Margin % too high?
Gulf Development PCL's current Pretax Margin % of 29.01% is 45% above median its 10-year median of 20.04. Over the past 10 years, this metric has ranged from a low of 16.41 to a high of 88.56. The Utilities - Independent Power Producers industry median Pretax Margin % is 8.53. Gulf Development PCL's value of 29.01% is 240.1% above this industry median. Based on the distribution chart, Gulf Development PCL ranks #28 out of 427 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Gulf Development PCL has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Gulf Development PCL's Pretax Margin % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Gulf Development PCL ranks #28 out of 427 companies for Pretax Margin %. This places Gulf Development PCL in the top 7% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 8.53. Gulf Development PCL's value of 29.01% is 240.1% above this benchmark. Historically, Gulf Development PCL's own Pretax Margin % has ranged from 16.41 to 88.56 over the past decade. While the company's 10-year median is 20.04 vs. the industry median of 8.53, Gulf Development 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 Pretax Margin % for an Utilities - Independent Power Producers company?
The median Pretax Margin % among Utilities - Independent Power Producers companies is 8.53, based on 427 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gulf Development PCL's current Pretax Margin % of 29.01% is 240.1% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Gulf Development PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Pretax Margin % is 8.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gulf Development PCL's current Pretax Margin % is 29.01%, which is 45% above median its own 10-year median of 20.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Development PCL stock overvalued right now?
Gulf Development PCL (BKK:GULF) has a current Pretax Margin % of 29.01%. The current Pretax Margin % is 29.01%, which is 45% above median its 10-year median of 20.04 and 240.1% above the Utilities - Independent Power Producers industry median of 8.53. Gulf Development PCL's overall GF Score™ is 16/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Gulf Development PCL (BKK:GULF), the current Pretax Margin % is 29.01% 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.

Gulf Development PCL Business Description

Other Exchanges GULF-F:Thailand
Address Wireless Road, 87 M. Thai Tower 11th Floor, All Seasons Place, Lumpini, Pathumwan, Bangkok, THA, 10330
Gulf Development PCL is a Thailand-based company mainly involved in the electricity-generating business. The group's principal operations are to generate and sell electricity and steam, store and convert natural gas from liquid to gas, provide satellite services, and operate other businesses in domestic and international markets. It is also involved in the business of renewable energy, such as solar rooftops and biomass energy. The group's reportable segments are: Power business (which generates maximum revenue), Consulting business, Infrastructure business, and Satellite and digital business. Geographically, it derives maximum revenue from Thailand.
16GF Score

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

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