Maybank Securities (Thailand) PCL (BKK:MST-R) ROCE %: 17.29% (As of Mar. 2026)


BKK:MST-R Maybank Securities (Thailand) PCL BKK:MST-R
59 GF Score
Price ฿6.85
GF Value ฿6.44
! 7 Warning Signs
View Full Analysis

What is Maybank Securities (Thailand) PCL ROCE %?

Maybank Securities (Thailand) PCL BKK:MST-R 59 ROCE % is 17.29% as of Mar. 2026. GuruFocus rates BKK:MST-R with a GF Score™ of 59/100 and a GF Value™ of ฿6.44. The stock has 7 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. Maybank Securities (Thailand) PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 17.29%.

Maybank Securities (Thailand) PCL  (BKK:MST-R) 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.

Maybank Securities (Thailand) PCL ROCE % Related Terms

Maybank Securities (Thailand) PCL ROCE % Historical Data

* Premium members only.

The historical data trend for Maybank Securities (Thailand) 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.

Maybank Securities (Thailand) PCL ROCE % Chart

Maybank Securities (Thailand) 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 14.16 19.05 16.68 17.92 10.02

Maybank Securities (Thailand) 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 14.97 5.37 9.05 5.82 17.29
BKK:MST-R
59GF Score
Maybank Securities (Thailand) PCL BKK:MST-R
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maybank Securities (Thailand) PCL ROCE % Calculation

Maybank Securities (Thailand) 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 )
=624.244/( ( (19485.306 - 13344.806) + (14803.555 - 8481.854) )/ 2 )
=624.244/( (6140.5+6321.701)/ 2 )
=624.244/6231.1005
=10.02 %

Maybank Securities (Thailand) 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 )
=1221.98/( ( (14803.555 - 8481.854) + (18874.313 - 11062.013) )/ 2 )
=1221.98/( ( 6321.701 + 7812.3 )/ 2 )
=1221.98/7067.0005
=17.29 %

(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 17.29% mean?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a ROCE % of 17.29% as of Mar. 2026.
Is Maybank Securities (Thailand) PCL's ROCE % too high?
Maybank Securities (Thailand) PCL's current ROCE % is 17.29%. The Capital Markets industry median ROCE % is 5.58. Maybank Securities (Thailand) PCL's value of 17.29% is 210.1% above this industry median. Overall, Maybank Securities (Thailand) PCL has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Maybank Securities (Thailand) PCL's ROCE % compare to MS and GS?
Maybank Securities (Thailand) PCL's ROCE % of 17.29% can be compared against companies in the Capital Markets industry. The industry median ROCE % is 5.58. Maybank Securities (Thailand) PCL's value of 17.29% is 210.1% 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 Capital Markets company?
The median ROCE % among Capital Markets companies is 5.58, based on 690 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. Maybank Securities (Thailand) PCL's current ROCE % of 17.29% is 210.1% 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 Capital Markets industry, the median ROCE % is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maybank Securities (Thailand) PCL's current ROCE % is 17.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maybank Securities (Thailand) PCL stock overvalued right now?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a current ROCE % of 17.29%. The stock's GF Value™ is ฿6.44, compared to a current price of ฿6.85 — trading 6.4% above its estimated fair value. The current ROCE % is 17.29% and 210.1% above the Capital Markets industry median of 5.58. Maybank Securities (Thailand) PCL's overall GF Score™ is 59/100 with 7 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 Maybank Securities (Thailand) PCL (BKK:MST-R), the current ROCE % is 17.29% 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 Maybank Securities (Thailand) PCL (BKK:MST-R) Overvalued in 2026?

Based on GuruFocus' analysis, Maybank Securities (Thailand) PCL stock appears to be overvalued. The current stock price of ฿6.85 is trading 6.4% above its estimated GF Value™ of ฿6.44.

Key valuation signals for BKK:MST-R:

  • ROCE %: 17.29%
  • GF Value™: ฿6.44 vs. price of ฿6.85 (6.4% above fair value)
  • GF Score™: 59/100 with 7 warning signs
  • Industry Position: 210.1% above the Capital Markets median

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

Maybank Securities (Thailand) PCL Business Description

Other Exchanges MST:Thailand
Address Rama 1 Road, 20th - 21st Floor and 25th Floor, 999/9 The Offices at Central World Building, Pathumwan, Bangkok, THA, 10330
Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which also generates key revenue, provides services like securities brokering, derivative brokering, securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing and lending, and corporate finance advisory services.
59GF Score

Get the complete analysis for BKK:MST-R

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

฿6.85
Price
฿6.44
GF Value