Siam Pan Group PCL (BKK:SPG) ROCE %: 9.78% (As of Mar. 2026)


BKK:SPG Siam Pan Group PCL BKK:SPG
71 GF Score
Price ฿11.00
GF Value ฿13.85
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Siam Pan Group PCL ROCE %?

Siam Pan Group PCL BKK:SPG 71 ROCE % is 9.78% as of Mar. 2026. GuruFocus rates BKK:SPG with a GF Score™ of 71/100 and a GF Value™ of ฿13.85 (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. Siam Pan Group PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 9.78%.

Siam Pan Group PCL  (BKK:SPG) 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.

Siam Pan Group PCL ROCE % Related Terms

Siam Pan Group PCL ROCE % Historical Data

* Premium members only.

The historical data trend for Siam Pan 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.

Siam Pan Group PCL ROCE % Chart

Siam Pan 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 10.54 6.77 7.92 5.58 6.97

Siam Pan 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 8.28 8.65 4.24 6.74 9.78
BKK:SPG
71GF Score
Siam Pan Group PCL BKK:SPG
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Siam Pan Group PCL ROCE % Calculation

Siam Pan 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 )
=406.474/( ( (5983.64 - 240.79) + (6252.939 - 324.676) )/ 2 )
=406.474/( (5742.85+5928.263)/ 2 )
=406.474/5835.5565
=6.97 %

Siam Pan 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 )
=585.608/( ( (6252.939 - 324.676) + (6369.07 - 325.477) )/ 2 )
=585.608/( ( 5928.263 + 6043.593 )/ 2 )
=585.608/5985.928
=9.78 %

(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 9.78% mean?
Siam Pan Group PCL (BKK:SPG) has a ROCE % of 9.78% as of Mar. 2026.
Is Siam Pan Group PCL's ROCE % too high?
Siam Pan Group PCL's current ROCE % is 9.78%. The Chemicals industry median ROCE % is 6.47. Siam Pan Group PCL's value of 9.78% is 51.2% above this industry median. Overall, Siam Pan Group PCL has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Siam Pan Group PCL's ROCE % compare to LIN and SHW?
Siam Pan Group PCL's ROCE % of 9.78% can be compared against companies in the Chemicals industry. The industry median ROCE % is 6.47. Siam Pan Group PCL's value of 9.78% is 51.2% 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 Chemicals company?
The median ROCE % among Chemicals companies is 6.47, based on 1,585 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. Siam Pan Group PCL's current ROCE % of 9.78% is 51.2% 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 Chemicals industry, the median ROCE % is 6.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siam Pan Group PCL's current ROCE % is 9.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siam Pan Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Siam Pan Group PCL (BKK:SPG) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿13.85, compared to a current price of ฿11.00 — trading 20.6% below its estimated fair value. The current ROCE % is 9.78% and 51.2% above the Chemicals industry median of 6.47. Siam Pan Group PCL's overall GF Score™ is 71/100 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 Siam Pan Group PCL (BKK:SPG), the current ROCE % is 9.78% 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 Siam Pan Group PCL (BKK:SPG) Overvalued in 2026?

Based on GuruFocus' analysis, Siam Pan Group PCL stock appears to be undervalued. The current stock price of ฿11.00 is trading 20.6% below its estimated GF Value™ of ฿13.85. GuruFocus considers Siam Pan Group PCL to be Modestly Undervalued.

Key valuation signals for BKK:SPG:

  • ROCE %: 9.78%
  • GF Value™: ฿13.85 vs. price of ฿11.00 (20.6% below fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 51.2% above the Chemicals median

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

Siam Pan Group PCL Business Description

Address No. 488, Nakhon Sawan Road, Mahanak Junction, Dusit District, Bangkok, THA, 10300
Siam Pan Group PCL is a Thailand-based company that is engaged in the manufacturing and distributing of lubricating oil, grease, and batteries. The company has the following crucial segments which include Grease, and Lubricating Oil. In terms of revenue, the Grease segment generates more revenue for the company. The organization has its branches present in Thailand, Myanmar and Other countries of which it generates maximum revenue from Thailand.
71GF Score

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

฿11.00
Price
฿13.85
GF Value