Starflex PCL (BKK:SFLEX) ROCE %: 17.84% (As of Mar. 2026)

What is Starflex PCL ROCE %?

Starflex PCL BKK:SFLEX -1.32% 83 ROCE % is 17.84% as of Mar. 2026. GuruFocus rates BKK:SFLEX with a GF Score™ of 83/100 and a GF Value™ of ฿3.63 (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. Starflex PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 17.84%.

Starflex PCL (BKK:SFLEX) 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.

Starflex PCL ROCE % Related Terms

Starflex PCL ROCE % Historical Data

* Premium members only.

The historical data trend for Starflex 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.

Starflex PCL ROCE % Chart

Starflex PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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15.86

5.90

19.25

23.13

17.67

Starflex 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															18.92	14.74	18.61	18.77	17.84

83GF Score

Starflex PCL BKK:SFLEX

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Starflex PCL ROCE % Calculation

Starflex 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 )
	=	271.367	/	( ( (2186.654 - 637.754)	+	(2245.366 - 722.637) )	/ 2 )
	=	271.367	/	( (1548.9	+	1522.729)	/ 2 )
	=	271.367	/	1535.8145
	=	17.67 %

Starflex 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 )
	=	273.796	/	( ( (2245.366 - 722.637)	+	(2279.628 - 732.938) )	/ 2 )
	=	273.796	/	( ( 1522.729	+	1546.69 )	/ 2 )
	=	273.796	/	1534.7095
	=	17.84 %

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

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What does a ROCE % of 17.84% mean?

Starflex PCL (BKK:SFLEX) has a ROCE % of 17.84% as of Mar. 2026.

Is Starflex PCL's ROCE % too high?

Starflex PCL's current ROCE % is 17.84%. The Packaging & Containers industry median ROCE % is 7.18. Starflex PCL's value of 17.84% is 148.6% above this industry median. Overall, Starflex PCL has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Starflex PCL's ROCE % compare to SW and PKG?

Starflex PCL's ROCE % of 17.84% can be compared against companies in the Packaging & Containers industry. The industry median ROCE % is 7.18. Starflex PCL's value of 17.84% is 148.6% 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 Packaging & Containers company?

The median ROCE % among Packaging & Containers companies is 7.18, based on 392 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. Starflex PCL's current ROCE % of 17.84% is 148.6% 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 Packaging & Containers industry, the median ROCE % is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starflex PCL's current ROCE % is 17.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Starflex PCL stock overvalued right now?

Based on GuruFocus' analysis, Starflex PCL (BKK:SFLEX) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿3.63, compared to a current price of ฿2.98 — trading 17.9% below its estimated fair value. The current ROCE % is 17.84% and 148.6% above the Packaging & Containers industry median of 7.18. Starflex PCL's overall GF Score™ is 83/100 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 Starflex PCL (BKK:SFLEX), the current ROCE % is 17.84% 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 Starflex PCL (BKK:SFLEX) Overvalued in 2026?

Based on GuruFocus' analysis, Starflex PCL stock appears to be undervalued. The current stock price of ฿2.98 is trading 17.9% below its estimated GF Value™ of ฿3.63. GuruFocus considers Starflex PCL to be Modestly Undervalued.

Key valuation signals for BKK:SFLEX:

ROCE %: 17.84%
GF Value™: ฿3.63 vs. price of ฿2.98 (17.9% below fair value)
GF Score™: 83/100 with 4 warning signs
Industry Position: 148.6% above the Packaging & Containers median

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

Starflex PCL Business Description

Industry Consumer Cyclical Packaging & Containers

Comparable Companies BKK:THIP BKK:CSC BKK:AJ BKK:SITHAI BKK:TPAC BKK:TPBI BKK:PJW BKK:UNIX BKK:PDG BKK:TOPP SW PKG AMCR IP BALL AVY TSX:CCL.A CCK SZSE:002812 OHEL:STERV

Address 189 / 48-49 Moo.3, Theparak Road, T. Bangpreang, A. Bangbo, Samutprakan, Bangkok, THA, 10560

Website https://www.starflex.co.th

Starflex PCL is engaged in the manufacture and distribution of flexible packaging. The company provides packaging for home and personal products, medical products, and food industries. There are three operating business segments: Packaging products for food, Packaging products for non-food, and Other segment. The Non-food packaging segment generates a vast majority of the revenues. The company operates in Thailand only.

83GF Score

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฿2.98

Price

฿3.63

GF Value

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