Trinity Watthana PCLBKK:TNITY -0.83%59 Pretax Margin % is 4.03% as of Mar. 2026, which is 77% below its 10-year median of 17.16. GuruFocus rates BKK:TNITY with a GF Score™ of 59/100 and a GF Value™ of ฿2.98 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 777 Capital Markets companies, Trinity Watthana PCL ranks worse than 82.5% on this metric.
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.
Trinity Watthana PCL Pretax Margin % Related Terms
Trinity Watthana PCL Pretax Margin % Historical Data
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The historical data trend for Trinity Watthana 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.
BKK:TNITY vs MS, GS, SCHW: Pretax Margin % Comparison
For the Capital Markets subindustry, Trinity Watthana 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.
Trinity Watthana PCL Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Trinity Watthana PCL's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Trinity Watthana 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.
Trinity Watthana PCL (BKK:TNITY) has a Pretax Margin % of 4.03% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Trinity Watthana PCL and its competitors. This is 77% below median its historical median of 17.16. According to the industry distribution chart, Trinity Watthana PCL ranks #641 out of 777 companies in the Capital Markets industry, placing it in the top 82.5%.
Is Trinity Watthana PCL's Pretax Margin % too high?
Trinity Watthana PCL's current Pretax Margin % of 4.03% is 77% below median its 10-year median of 17.16. The Capital Markets industry median Pretax Margin % is 20.51. Trinity Watthana PCL's value of 4.03% is 80.4% below this industry median. Based on the distribution chart, Trinity Watthana PCL ranks #641 out of 777 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Trinity Watthana PCL has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trinity Watthana PCL's Pretax Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Trinity Watthana PCL ranks #641 out of 777 companies for Pretax Margin %. This places Trinity Watthana PCL in the lower half of its industry. The industry median Pretax Margin % is 20.51. Trinity Watthana PCL's value of 4.03% is 80.4% below this benchmark. While the company's 10-year median is 17.16 vs. the industry median of 20.51, Trinity Watthana PCL has consistently been below 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 a Capital Markets company?
The median Pretax Margin % among Capital Markets companies is 20.51, based on 777 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. Trinity Watthana PCL's current Pretax Margin % of 4.03% is 80.4% below 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 Trinity Watthana PCL and its competitors. For the Capital Markets industry, the median Pretax Margin % is 20.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trinity Watthana PCL's current Pretax Margin % is 4.03%, which is 77% below median its own 10-year median of 17.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trinity Watthana PCL stock overvalued right now?
Based on GuruFocus' analysis, Trinity Watthana PCL (BKK:TNITY) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.98, compared to a current price of ฿2.40 — trading 19.5% below its estimated fair value. The current Pretax Margin % is 4.03%, which is 77% below median its 10-year median of 17.16 and 80.4% below the Capital Markets industry median of 20.51. Trinity Watthana PCL's overall GF Score™ is 59/100 with 4 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 Trinity Watthana PCL (BKK:TNITY), the current Pretax Margin % is 4.03% 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 Trinity Watthana PCL (BKK:TNITY) Overvalued in 2026?
Based on GuruFocus' analysis, Trinity Watthana PCL stock appears to be undervalued.
The current stock price of ฿2.40 is trading 19.5% below its estimated GF Value™ of ฿2.98.
GuruFocus considers Trinity Watthana PCL to be Modestly Undervalued.
Key valuation signals for BKK:TNITY:
Pretax Margin %: 4.03% (77% below median its 10-year median of 17.16)
GF Value™: ฿2.98 vs. price of ฿2.40 (19.5% below fair value)
Industry Position: 80.4% below the Capital Markets median (#641 of 777)
No single metric tells the full story. See the BKK:TNITY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trinity Watthana PCL is principally engaged in investments in other companies, listed companies and derivatives, and lending. The firm and its subsidiaries are organized into two principal business segments based on their products and services: the Securities and derivatives business, which is the key revenue-generating segment, and the Financial advisory and investment banking business. It is engaged in the securities business, including securities brokerage, securities trading, investment advisory, securities underwriting, securities borrowing and lending, private fund asset management, financial advisory, and derivatives agent.
59GF Score
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