ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Bangkok Commercial Asset Management PCL's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 1.39%.
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Bangkok Commercial Asset Management PCL's WACC % is 3.34%. Bangkok Commercial Asset Management PCL's ROC % is 1.06% (calculated using TTM income statement data).
Bangkok Commercial Asset Management PCL earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Bangkok Commercial Asset Management PCL ROC % Related Terms
Bangkok Commercial Asset Management PCL ROC % Historical Data
* 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.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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.
Bangkok Commercial Asset Management PCL (BKK:BAM) has a ROC % of 1.39% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Bangkok Commercial Asset Management PCL and its competitors.
Is Bangkok Commercial Asset Management PCL's ROC % too high?
Bangkok Commercial Asset Management PCL's current ROC % is 1.39%. The Asset Management industry median ROC % is 1.21. Bangkok Commercial Asset Management PCL's value of 1.39% is 14.9% above this industry median. Overall, Bangkok Commercial Asset Management PCL has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bangkok Commercial Asset Management PCL's ROC % compare to BLK and BX?
Bangkok Commercial Asset Management PCL's ROC % of 1.39% can be compared against companies in the Asset Management industry. The industry median ROC % is 1.21. Bangkok Commercial Asset Management PCL's value of 1.39% is 14.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for an Asset Management company?
The median ROC % among Asset Management companies is 1.21, based on 709 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bangkok Commercial Asset Management PCL's current ROC % of 1.39% is 14.9% 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 ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Bangkok Commercial Asset Management PCL and its competitors. For the Asset Management industry, the median ROC % is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangkok Commercial Asset Management PCL's current ROC % is 1.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Commercial Asset Management PCL stock overvalued right now?
Based on GuruFocus' analysis, Bangkok Commercial Asset Management PCL (BKK:BAM) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿7.37, compared to a current price of ฿6.50 — trading 11.8% below its estimated fair value. The current ROC % is 1.39% and 14.9% above the Asset Management industry median of 1.21. Bangkok Commercial Asset Management PCL's overall GF Score™ is 68/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Bangkok Commercial Asset Management PCL (BKK:BAM), the current ROC % is 1.39% 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 Bangkok Commercial Asset Management PCL (BKK:BAM) Overvalued in 2026?
Based on GuruFocus' analysis, Bangkok Commercial Asset Management PCL stock appears to be undervalued.
The current stock price of ฿6.50 is trading 11.8% below its estimated GF Value™ of ฿7.37.
GuruFocus considers Bangkok Commercial Asset Management PCL to be Modestly Undervalued.
Key valuation signals for BKK:BAM:
ROC %: 1.39%
GF Value™: ฿7.37 vs. price of ฿6.50 (11.8% below fair value)
Industry Position: 14.9% above the Asset Management median
No single metric tells the full story. See the BKK:BAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bangkok Commercial Asset Management PCL Business Description
Bangkok Commercial Asset Management PCL engages in purchasing or receiving transfers of non-performing loans (NPLs) and non-performing assets (NPAs) for management and disposal. The Company focuses on asset management operations conducted only in Thailand. Its services include acquiring NPLs from financial institutions and managing them mainly through debt negotiation. It also acquires NPAs from financial institutions, including assets from debt settlements and collateral purchased at auctions from the Legal Execution Department, and adds value by improving and developing properties to make them ready for occupancy for target customers.
68GF Score
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