Modernform Group PCL (BKK:MODERN) ROCE %: -1.33% (As of Mar. 2026)


BKK:MODERN Modernform Group PCL BKK:MODERN
58 GF Score
Price ฿2.04
GF Value ฿2.06
Valuation Fairly Valued
! 6 Warning Signs
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What is Modernform Group PCL ROCE %?

Modernform Group PCL BKK:MODERN 58 ROCE % is -1.33% as of Mar. 2026. GuruFocus rates BKK:MODERN with a GF Score™ of 58/100 and a GF Value™ of ฿2.06 (Fairly Valued). The stock has 6 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. Modernform Group PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was -1.33%.

Modernform Group PCL  (BKK:MODERN) 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.

Modernform Group PCL ROCE % Related Terms

Modernform Group PCL ROCE % Historical Data

* Premium members only.

The historical data trend for Modernform 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.

Modernform Group PCL ROCE % Chart

Modernform 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 4.61 2.62 3.52 6.49 5.65

Modernform 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 2.59 3.54 5.05 11.94 -1.33
BKK:MODERN
58GF Score
Modernform Group PCL BKK:MODERN
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Modernform Group PCL ROCE % Calculation

Modernform 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 )
=132.935/( ( (3153.585 - 774.472) + (3051.641 - 723.486) )/ 2 )
=132.935/( (2379.113+2328.155)/ 2 )
=132.935/2353.634
=5.65 %

Modernform 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 )
=-30.884/( ( (3051.641 - 723.486) + (3142.971 - 821.2) )/ 2 )
=-30.884/( ( 2328.155 + 2321.771 )/ 2 )
=-30.884/2324.963
=-1.33 %

(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 -1.33% mean?
Modernform Group PCL (BKK:MODERN) has a ROCE % of -1.33% as of Mar. 2026.
Is Modernform Group PCL's ROCE % too high?
Modernform Group PCL's current ROCE % is -1.33%. Overall, Modernform Group PCL has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Modernform Group PCL's ROCE % compare to SN and SGI?
Modernform Group PCL's ROCE % of -1.33% can be compared against companies in the Furnishings, Fixtures & Appliances industry. The industry median ROCE % is 5.73. 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 Furnishings, Fixtures & Appliances company?
The median ROCE % among Furnishings, Fixtures & Appliances companies is 5.73, based on 430 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. 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 Furnishings, Fixtures & Appliances industry, the median ROCE % is 5.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modernform Group PCL's current ROCE % is -1.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modernform Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Modernform Group PCL (BKK:MODERN) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.06, compared to a current price of ฿2.04 — trading 1% below its estimated fair value. The current ROCE % is -1.33%. Modernform Group PCL's overall GF Score™ is 58/100 with 6 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 Modernform Group PCL (BKK:MODERN), the current ROCE % is -1.33% 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 Modernform Group PCL (BKK:MODERN) Overvalued in 2026?

Based on GuruFocus' analysis, Modernform Group PCL stock appears to be undervalued. The current stock price of ฿2.04 is trading 1% below its estimated GF Value™ of ฿2.06. GuruFocus considers Modernform Group PCL to be Fairly Valued.

Key valuation signals for BKK:MODERN:

  • ROCE %: -1.33%
  • GF Value™: ฿2.06 vs. price of ฿2.04 (1% below fair value)
  • GF Score™: 58/100 with 6 warning signs

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

Modernform Group PCL Business Description

Address 699 Srinakarindr Road, Modernform Tower, 1st - 4th Floor, Phatthanakan, Suan Luang, Bangkok, THA, 10250
Modernform Group PCL is involved in the manufacturing and distribution of home and office furniture. The business of the group is operated through four reportable segments: furniture business, furniture fitting and other materials business, rental and service business, and architectural design and construction business. A majority of its revenue is generated from the furniture business, which consists of office furniture products, residential furniture products, kitchen furniture products; bathroom furniture products, and others. All the operations functioned throughout the region of Thailand.
58GF Score

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

฿2.04
Price
฿2.06
GF Value