Noble Development PCL (BKK:NOBLE) ROCE %: -7.23% (As of Jun. 2026)

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BKK:NOBLE Noble Development PCL BKK:NOBLE
58 GF Score
Price ฿1.62
GF Value ฿2.08
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Noble Development PCL ROCE %?

Noble Development PCL BKK:NOBLE -1.22% 58 ROCE % is -7.23% as of Jun. 2026. GuruFocus rates BKK:NOBLE with a GF Score™ of 58/100 and a GF Value™ of ฿2.08 (Modestly Undervalued). The stock has 4 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. Noble Development PCL's annualized ROCE % for the quarter that ended in Jun. 2026 was -7.23%.

Noble Development PCL  (BKK:NOBLE) 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.

Noble Development PCL ROCE % Related Terms

Noble Development PCL ROCE % Historical Data

* Premium members only.

The historical data trend for Noble Development 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.

Noble Development PCL ROCE % Chart

Noble Development 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 10.67 6.86 9.77 5.99 7.01

Noble Development PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.99 22.09 -0.82 5.99 -7.23
BKK:NOBLE
58GF Score
Noble Development PCL BKK:NOBLE
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Noble Development PCL ROCE % Calculation

Noble Development 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 )
=1138.149/( ( (27253.634 - 9697.756) + (24116.091 - 9222.037) )/ 2 )
=1138.149/( (17555.878+14894.054)/ 2 )
=1138.149/16224.966
=7.01 %

Noble Development PCL's ROCE % of for the quarter that ended in Jun. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=-1113.772/( ( (25335.975 - 9539.8) + (22454.714 - 7456.056) )/ 2 )
=-1113.772/( ( 15796.175 + 14998.658 )/ 2 )
=-1113.772/15397.4165
=-7.23 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 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 -7.23% mean?
Noble Development PCL (BKK:NOBLE) has a ROCE % of -7.23% as of Jun. 2026.
Is Noble Development PCL's ROCE % too high?
Noble Development PCL's current ROCE % is -7.23%. Overall, Noble Development PCL has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Noble Development PCL's ROCE % compare to competitors?
Noble Development PCL's ROCE % of -7.23% can be compared against companies in the Real Estate industry. The industry median ROCE % is 4.80. 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 Real Estate company?
The median ROCE % among Real Estate companies is 4.80, based on 1,758 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 Real Estate industry, the median ROCE % is 4.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noble Development PCL's current ROCE % is -7.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noble Development PCL stock overvalued right now?
Based on GuruFocus' analysis, Noble Development PCL (BKK:NOBLE) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.08, compared to a current price of ฿1.62 — trading 22.1% below its estimated fair value. The current ROCE % is -7.23%. Noble Development PCL's overall GF Score™ is 58/100 with 4 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 Noble Development PCL (BKK:NOBLE), the current ROCE % is -7.23% as of Jun. 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 Noble Development PCL (BKK:NOBLE) Overvalued in 2026?

Based on GuruFocus' analysis, Noble Development PCL stock appears to be undervalued. The current stock price of ฿1.62 is trading 22.1% below its estimated GF Value™ of ฿2.08. GuruFocus considers Noble Development PCL to be Modestly Undervalued.

Key valuation signals for BKK:NOBLE:

  • ROCE %: -7.23%
  • GF Value™: ฿2.08 vs. price of ฿1.62 (22.1% below fair value)
  • GF Score™: 58/100 with 4 warning signs

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

Noble Development PCL Business Description

Other Exchanges NOBLE-R:Thailand
Address 1035 Ploenchit Road, NOBLE Building, Lumpini, Pathumwan, Bangkok, THA, 10330
Noble Development PCL is a Thailand-based real estate company. Along with its subsidiaries, the firm is engaged in the development of real estate for sale, providing construction, rental and service, construction consulting services, and manufacturing and sale of furniture in Thailand. Its segments are Condominium, House and land, Rental and service business, and Others.
58GF Score

Get the complete analysis for BKK:NOBLE

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

฿1.62
Price
฿2.08
GF Value