ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. KGI Securities (Thailand) PCL's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 10.63%.
As of today (2026-06-28), KGI Securities (Thailand) PCL's WACC % is 6.08%. KGI Securities (Thailand) PCL's ROC % is 8.24% (calculated using TTM income statement data).
KGI Securities (Thailand) PCL generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
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, KGI Securities (Thailand) PCL's WACC % is 6.08%. KGI Securities (Thailand) PCL's ROC % is 8.24% (calculated using TTM income statement data).
KGI Securities (Thailand) PCL generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
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.
KGI Securities (Thailand) PCL ROC % Related Terms
KGI Securities (Thailand) 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.
KGI Securities (Thailand) PCL (BKK:KGI) has a ROC % of 10.63% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on KGI Securities (Thailand) PCL and its competitors.
Is KGI Securities (Thailand) PCL's ROC % too high?
KGI Securities (Thailand) PCL's current ROC % is 10.63%. The Capital Markets industry median ROC % is 1.27. KGI Securities (Thailand) PCL's value of 10.63% is 737% above this industry median. Overall, KGI Securities (Thailand) PCL has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KGI Securities (Thailand) PCL's ROC % compare to MS and GS?
KGI Securities (Thailand) PCL's ROC % of 10.63% can be compared against companies in the Capital Markets industry. The industry median ROC % is 1.27. KGI Securities (Thailand) PCL's value of 10.63% is 737% 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 a Capital Markets company?
The median ROC % among Capital Markets companies is 1.27, based on 698 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. KGI Securities (Thailand) PCL's current ROC % of 10.63% is 737% 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 KGI Securities (Thailand) PCL and its competitors. For the Capital Markets industry, the median ROC % is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KGI Securities (Thailand) PCL's current ROC % is 10.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KGI Securities (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, KGI Securities (Thailand) PCL (BKK:KGI) is currently considered Fairly Valued. The stock's GF Value™ is ฿4.41, compared to a current price of ฿4.36 — trading 1.1% below its estimated fair value. The current ROC % is 10.63% and 737% above the Capital Markets industry median of 1.27. KGI Securities (Thailand) PCL's overall GF Score™ is 71/100 with 6 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 KGI Securities (Thailand) PCL (BKK:KGI), the current ROC % is 10.63% 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 KGI Securities (Thailand) PCL (BKK:KGI) Overvalued in 2026?
Based on GuruFocus' analysis, KGI Securities (Thailand) PCL stock appears to be undervalued.
The current stock price of ฿4.36 is trading 1.1% below its estimated GF Value™ of ฿4.41.
GuruFocus considers KGI Securities (Thailand) PCL to be Fairly Valued.
Key valuation signals for BKK:KGI:
ROC %: 10.63%
GF Value™: ฿4.41 vs. price of ฿4.36 (1.1% below fair value)
Industry Position: 737% above the Capital Markets median
No single metric tells the full story. See the BKK:KGI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KGI Securities (Thailand) PCL Business Description
KGI Securities (Thailand) PCL is a Thailand-based company engaged in the securities and derivatives business. Its business activities include securities brokerage, securities dealing, investment advisory, securities underwriting, securities borrowing and lending, securities registrar, derivatives brokerage, financial advisory, over-the-counter derivative business, sales agent of mutual fund units, and others. The operating segments of the company are the Securities and derivatives brokerage segment, Investment banking segment, Security trading segment and Asset management segment, of which key revenue is generated from the security trading segment. Geographically, the company operates in Thailand.
71GF Score
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