SPCG PCLBKK:SPCG-R 65 Pretax Margin % is 33.94% as of Mar. 2026, which is 35% below its 10-year median of 52.23. GuruFocus rates BKK:SPCG-R with a GF Score™ of 65/100 and a GF Value™ of ฿5.90. The stock has 8 warning signs investors should review. Among 422 Utilities - Independent Power Producers companies, SPCG PCL ranks better than 77.96% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. SPCG PCL's Pre-Tax Income for the
three
months ended in Mar. 2026 was ฿143 Mil. SPCG PCL's Revenue for the
three
months ended in Mar. 2026 was ฿420 Mil. Therefore, SPCG PCL's pretax margin for the quarter that ended in Mar. 2026 was 33.94%.
The historical rank and industry rank for SPCG PCL's Pretax Margin % or its related term are showing as below:
BKK:SPCG-R'
s Pretax Margin % Range Over the Past 10 Years
Min: 24.73 Med: 52.23 Max: 64.09
Current: 24.83
BKK:SPCG-R's Pretax Margin % is ranked better than 77.96% of 422
companies
in the Utilities - Independent Power Producers industry
Industry Median: 8.655
vs BKK:SPCG-R: 24.83
SPCG PCL (BKK:SPCG-R) 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.
SPCG PCL Pretax Margin % Related Terms
SPCG PCL Pretax Margin % Historical Data
* Premium members only.
The historical data trend for SPCG 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.
For the Utilities - Renewable subindustry, SPCG 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.
SPCG PCL Pretax Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, SPCG PCL's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where SPCG PCL's Pretax Margin % falls into.
* 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.
SPCG PCL (BKK:SPCG-R) has a Pretax Margin % of 33.94% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on SPCG PCL and its competitors. This is 35% below median its historical median of 52.23. Over the past decade, SPCG PCL's Pretax Margin % has ranged from 24.73 to 64.09. According to the industry distribution chart, SPCG PCL ranks #93 out of 422 companies in the Utilities - Independent Power Producers industry, placing it in the top 22%.
Is SPCG PCL's Pretax Margin % too high?
SPCG PCL's current Pretax Margin % of 33.94% is 35% below median its 10-year median of 52.23. Over the past 10 years, this metric has ranged from a low of 24.73 to a high of 64.09. The Utilities - Independent Power Producers industry median Pretax Margin % is 8.66. SPCG PCL's value of 33.94% is 292.1% above this industry median. Based on the distribution chart, SPCG PCL ranks #93 out of 422 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, SPCG PCL has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does SPCG PCL's Pretax Margin % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, SPCG PCL ranks #93 out of 422 companies for Pretax Margin %. This places SPCG PCL in the top 22% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 8.66. SPCG PCL's value of 33.94% is 292.1% above this benchmark. Historically, SPCG PCL's own Pretax Margin % has ranged from 24.73 to 64.09 over the past decade. While the company's 10-year median is 52.23 vs. the industry median of 8.66, SPCG 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 8.66, based on 422 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. SPCG PCL's current Pretax Margin % of 33.94% is 292.1% 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 SPCG PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Pretax Margin % is 8.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPCG PCL's current Pretax Margin % is 33.94%, which is 35% below median its own 10-year median of 52.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPCG PCL stock overvalued right now?
SPCG PCL (BKK:SPCG-R) has a current Pretax Margin % of 33.94%. The stock's GF Value™ is ฿5.90, compared to a current price of ฿8.85 — trading 50% above its estimated fair value. The current Pretax Margin % is 33.94%, which is 35% below median its 10-year median of 52.23 and 292.1% above the Utilities - Independent Power Producers industry median of 8.66. SPCG PCL's overall GF Score™ is 65/100 with 8 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 SPCG PCL (BKK:SPCG-R), the current Pretax Margin % is 33.94% 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 SPCG PCL (BKK:SPCG-R) Overvalued in 2026?
Based on GuruFocus' analysis, SPCG PCL stock appears to be overvalued.
The current stock price of ฿8.85 is trading 50% above its estimated GF Value™ of ฿5.90.
Key valuation signals for BKK:SPCG-R:
Pretax Margin %: 33.94% (35% below median its 10-year median of 52.23)
GF Value™: ฿5.90 vs. price of ฿8.85 (50% above fair value)
Industry Position: 292.1% above the Utilities - Independent Power Producers median (#93 of 422)
No single metric tells the full story. See the BKK:SPCG-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPCG PCL is a holding company. The principal activities and reportable segments of the group are one production and distribution of electricity from solar energy, second the manufacture, trading, and installation service of roof sheets and solar roof, and Others. The majority of revenue is generated from the Production and distribution of electricity from solar energy.
65GF Score
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