Bangkok Airways PCL (BKK:BA) ROCE %: 31.14% (As of Mar. 2026)


BKK:BA Bangkok Airways PCL BKK:BA
67 GF Score
Price ฿18.40
GF Value ฿19.49
Valuation Fairly Valued
! 8 Warning Signs
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What is Bangkok Airways PCL ROCE %?

Bangkok Airways PCL BKK:BA +3.95% 67 ROCE % is 31.14% as of Mar. 2026. GuruFocus rates BKK:BA with a GF Score™ of 67/100 and a GF Value™ of ฿19.49 (Fairly Valued). The stock has 8 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Bangkok Airways PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 31.14%.

Bangkok Airways PCL  (BKK:BA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Bangkok Airways PCL ROCE % Related Terms

Bangkok Airways PCL ROCE % Historical Data

* Premium members only.

The historical data trend for Bangkok Airways PCL's ROCE % 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.

Bangkok Airways PCL ROCE % Chart

Bangkok Airways PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -23.14 -1.86 7.93 13.99 14.69

Bangkok Airways PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 24.10 10.03 17.64 6.50 31.14
BKK:BA
67GF Score
Bangkok Airways PCL BKK:BA
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Bangkok Airways PCL ROCE % Calculation

Bangkok Airways PCL's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=6038.623/( ( (55916.577 - 11905.668) + (50398.786 - 12181.135) )/ 2 )
=6038.623/( (44010.909+38217.651)/ 2 )
=6038.623/41114.28
=14.69 %

Bangkok Airways PCL's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=12148.296/( ( (50398.786 - 12181.135) + (51977.156 - 12182.31) )/ 2 )
=12148.296/( ( 38217.651 + 39794.846 )/ 2 )
=12148.296/39006.2485
=31.14 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 31.14% mean?
Bangkok Airways PCL (BKK:BA) has a ROCE % of 31.14% as of Mar. 2026.
Is Bangkok Airways PCL's ROCE % too high?
Bangkok Airways PCL's current ROCE % is 31.14%. The Transportation industry median ROCE % is 7.74. Bangkok Airways PCL's value of 31.14% is 302.3% above this industry median. Overall, Bangkok Airways PCL has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bangkok Airways PCL's ROCE % compare to DAL and UAL?
Bangkok Airways PCL's ROCE % of 31.14% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.74. Bangkok Airways PCL's value of 31.14% is 302.3% 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 ROCE % for a Transportation company?
The median ROCE % among Transportation companies is 7.74, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bangkok Airways PCL's current ROCE % of 31.14% is 302.3% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median ROCE % is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangkok Airways PCL's current ROCE % is 31.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Airways PCL stock overvalued right now?
Based on GuruFocus' analysis, Bangkok Airways PCL (BKK:BA) is currently considered Fairly Valued. The stock's GF Value™ is ฿19.49, compared to a current price of ฿18.40 — trading 5.6% below its estimated fair value. The current ROCE % is 31.14% and 302.3% above the Transportation industry median of 7.74. Bangkok Airways PCL's overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Bangkok Airways PCL (BKK:BA), the current ROCE % is 31.14% 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 Airways PCL (BKK:BA) Overvalued in 2026?

Based on GuruFocus' analysis, Bangkok Airways PCL stock appears to be undervalued. The current stock price of ฿18.40 is trading 5.6% below its estimated GF Value™ of ฿19.49. GuruFocus considers Bangkok Airways PCL to be Fairly Valued.

Key valuation signals for BKK:BA:

  • ROCE %: 31.14%
  • GF Value™: ฿19.49 vs. price of ฿18.40 (5.6% below fair value)
  • GF Score™: 67/100 with 8 warning signs
  • Industry Position: 302.3% above the Transportation median

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

Bangkok Airways PCL Business Description

Other Exchanges 8BA:Germany
Address 99 Moo 14, Vibhavadirangsit Road, Chom Phon, Chatuchak, Bangkok, THA, 10900
Bangkok Airways PCL is principally engaged in the provision of air transportation and airport services. It operates in three segments; The airline segment sells tickets and provides services to passengers, the airport segment provides location services for passengers and airlines, and the supporting airline business segment, which provides ground handling, cargo, and catering services for airlines and customers. The majority of its revenue is from the Airline segment. It mainly operates in Thailand.
67GF Score

Get the complete analysis for BKK:BA

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

฿18.40
Price
฿19.49
GF Value