Carabao Group PCL (BKK:CBG) ROCE %: 20.31% (As of Mar. 2026)


BKK:CBG Carabao Group PCL BKK:CBG
84 GF Score
Price ฿48.50
GF Value ฿76.68
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Carabao Group PCL ROCE %?

Carabao Group PCL BKK:CBG -1.52% 84 ROCE % is 20.31% as of Mar. 2026. GuruFocus rates BKK:CBG with a GF Score™ of 84/100 and a GF Value™ of ฿76.68 (Significantly Undervalued). The stock has 3 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. Carabao Group PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 20.31%.

Carabao Group PCL  (BKK:CBG) 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.

Carabao Group PCL ROCE % Related Terms

Carabao Group PCL ROCE % Historical Data

* Premium members only.

The historical data trend for Carabao Group 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.

Carabao Group PCL ROCE % Chart

Carabao Group 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 27.35 21.86 17.85 24.39 20.92

Carabao Group 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 26.37 26.61 20.96 8.70 20.31
BKK:CBG
84GF Score
Carabao Group PCL BKK:CBG
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Carabao Group PCL ROCE % Calculation

Carabao Group 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 )
=3107.673/( ( (18378.155 - 4185.042) + (19045.986 - 3526.264) )/ 2 )
=3107.673/( (14193.113+15519.722)/ 2 )
=3107.673/14856.4175
=20.92 %

Carabao Group 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 )
=3241.268/( ( (19045.986 - 3526.264) + (20340.023 - 3939.468) )/ 2 )
=3241.268/( ( 15519.722 + 16400.555 )/ 2 )
=3241.268/15960.1385
=20.31 %

(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 20.31% mean?
Carabao Group PCL (BKK:CBG) has a ROCE % of 20.31% as of Mar. 2026.
Is Carabao Group PCL's ROCE % too high?
Carabao Group PCL's current ROCE % is 20.31%. The Beverages - Non-Alcoholic industry median ROCE % is 12.18. Carabao Group PCL's value of 20.31% is 66.7% above this industry median. Overall, Carabao Group PCL has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carabao Group PCL's ROCE % compare to KO and PEP?
Carabao Group PCL's ROCE % of 20.31% can be compared against companies in the Beverages - Non-Alcoholic industry. The industry median ROCE % is 12.18. Carabao Group PCL's value of 20.31% is 66.7% 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 Beverages - Non-Alcoholic company?
The median ROCE % among Beverages - Non-Alcoholic companies is 12.18, based on 113 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. Carabao Group PCL's current ROCE % of 20.31% is 66.7% 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 Beverages - Non-Alcoholic industry, the median ROCE % is 12.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carabao Group PCL's current ROCE % is 20.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carabao Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Carabao Group PCL (BKK:CBG) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿76.68, compared to a current price of ฿48.50 — trading 36.8% below its estimated fair value. The current ROCE % is 20.31% and 66.7% above the Beverages - Non-Alcoholic industry median of 12.18. Carabao Group PCL's overall GF Score™ is 84/100 with 3 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 Carabao Group PCL (BKK:CBG), the current ROCE % is 20.31% 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 Carabao Group PCL (BKK:CBG) Overvalued in 2026?

Based on GuruFocus' analysis, Carabao Group PCL stock appears to be undervalued. The current stock price of ฿48.50 is trading 36.8% below its estimated GF Value™ of ฿76.68. GuruFocus considers Carabao Group PCL to be Significantly Undervalued.

Key valuation signals for BKK:CBG:

  • ROCE %: 20.31%
  • GF Value™: ฿76.68 vs. price of ฿48.50 (36.8% below fair value)
  • GF Score™: 84/100 with 3 warning signs
  • Industry Position: 66.7% above the Beverages - Non-Alcoholic median

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

Carabao Group PCL Business Description

Other Exchanges CBG-F:Thailand
Address Silom Road, 393 Silom Building, 393, 7th - 10th Floor, Silom, Bangrak, Bangkok, THA, 10500
Carabao Group PCL manufactures and distributes energy drinks, water, and coffee under different brand names through its subsidiaries. It operates in three reportable segments: Manufacture and distribution of drinks under Group's trademark, Distribution of OEM products under Group's trademark, and Distribution of other products. A majority of the company's revenue is generated from the Manufacture and distribution of drinks under Group's trademark segment, which manufactures and sells carbonated and non-carbonated energy drinks, coffee, sports drinks, and vitamin-C drinks through Carabao and Woody C plus brands. Geographically, the company generates maximum revenue from the domestic market, and the rest from overseas markets like the United Kingdom, and other regions.
84GF Score

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

฿48.50
Price
฿76.68
GF Value