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ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. BCPG PCL's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 0.59%.
As of today (2026-07-31), BCPG PCL's WACC % is 6.22%. BCPG PCL's ROC % is 1.14% (calculated using TTM income statement data).
BCPG PCL earns returns that do not match up to its cost of capital. It will destroy value as it grows.
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, BCPG PCL's WACC % is 6.22%. BCPG PCL's ROC % is 1.14% (calculated using TTM income statement data).
BCPG 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.
BCPG PCL ROC % Related Terms
BCPG PCL ROC % Historical Data
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The historical data trend for BCPG PCL's ROC % 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.
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.
BCPG PCL (BKK:BCPG) has a ROC % of 0.59% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on BCPG PCL and its competitors.
Is BCPG PCL's ROC % too high?
BCPG PCL's current ROC % is 0.59%. The Utilities - Independent Power Producers industry median ROC % is 2.28. BCPG PCL's value of 0.59% is 74.1% below this industry median. Overall, BCPG PCL has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BCPG PCL's ROC % compare to competitors?
BCPG PCL's ROC % of 0.59% can be compared against companies in the Utilities - Independent Power Producers industry. The industry median ROC % is 2.28. BCPG PCL's value of 0.59% is 74.1% below 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 Utilities - Independent Power Producers company?
The median ROC % among Utilities - Independent Power Producers companies is 2.28, based on 434 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. BCPG PCL's current ROC % of 0.59% is 74.1% 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 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 BCPG PCL and its competitors. For the Utilities - Independent Power Producers industry, the median ROC % is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BCPG PCL's current ROC % is 0.59%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BCPG PCL stock overvalued right now?
Based on GuruFocus' analysis, BCPG PCL (BKK:BCPG) is currently considered Fairly Valued. The stock's GF Value™ is ฿6.64, compared to a current price of ฿7.10 — trading 6.9% above its estimated fair value. The current ROC % is 0.59% and 74.1% below the Utilities - Independent Power Producers industry median of 2.28. BCPG PCL's overall GF Score™ is 78/100 with 8 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 BCPG PCL (BKK:BCPG), the current ROC % is 0.59% 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 BCPG PCL (BKK:BCPG) Overvalued in 2026?
Based on GuruFocus' analysis, BCPG PCL stock appears to be overvalued.
The current stock price of ฿7.10 is trading 6.9% above its estimated GF Value™ of ฿6.64.
GuruFocus considers BCPG PCL to be Fairly Valued.
Key valuation signals for BKK:BCPG:
ROC %: 0.59%
GF Value™: ฿6.64 vs. price of ฿7.10 (6.9% above fair value)
Industry Position: 74.1% below the Utilities - Independent Power Producers median
No single metric tells the full story. See the BKK:BCPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BCPG PCL operates in clean and environmentally friendly renewable power businesses. Its activities include the production and distribution of electricity from green energy, including other related products and services, and investment in alternative energy businesses. Its businesses include renewable energy with solar power, hydropower, wind power, and natural gas. Its green businesses are Power Business, Smart Energy Solutions, and Infrastructure. The Group has two reportable segments: production and distribution of electricity, and oil storage and seaport services. Geographically, the business presence is across Thailand, Laos, Taiwan, and Japan, of which Thailand accounts for the majority of the revenue.
78GF Score
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