Modernform Group PCL (BKK:MODERN) Tax Rate %: -67.38% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:MODERN Modernform Group PCL BKK:MODERN
70 GF Score
Price ฿2.04
GF Value ฿2.06
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Modernform Group PCL Tax Rate %?

Modernform Group PCL BKK:MODERN +0.99% 70 Tax Rate % is -67.38% as of Mar. 2026. GuruFocus rates BKK:MODERN with a GF Score™ of 70/100 and a GF Value™ of ฿2.06 (Fairly Valued). The stock has 6 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Modernform Group PCL's Tax Expense for the three months ended in Mar. 2026 was ฿7 Mil. Modernform Group PCL's Pre-Tax Income for the three months ended in Mar. 2026 was ฿-10 Mil. Therefore, Modernform Group PCL's Tax Rate % for the quarter that ended in Mar. 2026 was -67.38%.

Modernform Group PCL Tax Rate % Related Terms

Modernform Group PCL Tax Rate % Historical Data

* Premium members only.

The historical data trend for Modernform Group PCL's Tax Rate % 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.

Modernform Group PCL Tax Rate % Chart

Modernform Group PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.35 33.42 24.59 12.72 19.81

Modernform Group PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Rate % 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 40.25 42.90 33.26 6.91 -67.38
BKK:MODERN
70GF Score
Modernform Group PCL BKK:MODERN
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Modernform Group PCL Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Modernform Group PCL's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=25.715/129.833
=19.81 %

Modernform Group PCL's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=6.795/-10.084
=-67.38 %

* 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 Tax Rate % →
What does a Tax Rate % of -67.38% mean?
Modernform Group PCL (BKK:MODERN) has a Tax Rate % of -67.38% as of Mar. 2026.
Is Modernform Group PCL's Tax Rate % too high?
Modernform Group PCL's current Tax Rate % is -67.38%. Overall, Modernform Group PCL has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Modernform Group PCL's Tax Rate % compare to SN and SGI?
Modernform Group PCL's Tax Rate % of -67.38% can be compared against companies in the Furnishings, Fixtures & Appliances industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Furnishings, Fixtures & Appliances company?
A good Tax Rate % depends on the Furnishings, Fixtures & Appliances industry context. However, Tax Rate % 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 Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Modernform Group PCL's current Tax Rate % is -67.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modernform Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Modernform Group PCL (BKK:MODERN) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.06, compared to a current price of ฿2.04 — trading 1% below its estimated fair value. The current Tax Rate % is -67.38%. Modernform Group PCL's overall GF Score™ is 70/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Modernform Group PCL (BKK:MODERN), the current Tax Rate % is -67.38% 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 Modernform Group PCL (BKK:MODERN) Overvalued in 2026?

Based on GuruFocus' analysis, Modernform Group PCL stock appears to be undervalued. The current stock price of ฿2.04 is trading 1% below its estimated GF Value™ of ฿2.06. GuruFocus considers Modernform Group PCL to be Fairly Valued.

Key valuation signals for BKK:MODERN:

  • Tax Rate %: -67.38%
  • GF Value™: ฿2.06 vs. price of ฿2.04 (1% below fair value)
  • GF Score™: 70/100 with 6 warning signs

No single metric tells the full story. See the BKK:MODERN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Modernform Group PCL Business Description

Address 699 Srinakarindr Road, Modernform Tower, 1st - 4th Floor, Phatthanakan, Suan Luang, Bangkok, THA, 10250
Modernform Group PCL is involved in the manufacturing and distribution of home and office furniture. The business of the group is operated through four reportable segments: furniture business, furniture fitting and other materials business, rental and service business, and architectural design and construction business. A majority of its revenue is generated from the furniture business, which consists of office furniture products, residential furniture products, kitchen furniture products; bathroom furniture products, and others. All the operations functioned throughout the region of Thailand.
70GF Score

Get the complete analysis for BKK:MODERN

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

฿2.04
Price
฿2.06
GF Value