TBSP PCL (BKK:TBSP) ROCE %: 4.35% (As of Mar. 2026)

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BKK:TBSP TBSP PCL BKK:TBSP
45 GF Score
Price ฿0.96
GF Value ฿1.57
Valuation Possible Value Trap
! 4 Warning Signs
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What is TBSP PCL ROCE %?

TBSP PCL BKK:TBSP 45 ROCE % is 4.35% as of Mar. 2026. GuruFocus rates BKK:TBSP with a GF Score™ of 45/100 and a GF Value™ of ฿1.57 (Possible Value Trap). 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. TBSP PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 4.35%.

TBSP PCL  (BKK:TBSP) 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.

TBSP PCL ROCE % Related Terms

TBSP PCL ROCE % Historical Data

* Premium members only.

The historical data trend for TBSP 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.

TBSP PCL ROCE % Chart

TBSP 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 -23.33 11.64 1.95 -24.60 -212.85

TBSP 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 -94.62 -123.03 -1,136.99 -22.16 4.35
BKK:TBSP
45GF Score
TBSP PCL BKK:TBSP
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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TBSP PCL ROCE % Calculation

TBSP 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 )
=-942.33/( ( (1360.191 - 810.206) + (505.916 - 170.454) )/ 2 )
=-942.33/( (549.985+335.462)/ 2 )
=-942.33/442.7235
=-212.85 %

TBSP 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 )
=14.6/( ( (505.916 - 170.454) + (511.531 - 176.357) )/ 2 )
=14.6/( ( 335.462 + 335.174 )/ 2 )
=14.6/335.318
=4.35 %

(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 4.35% mean?
TBSP PCL (BKK:TBSP) has a ROCE % of 4.35% as of Mar. 2026.
Is TBSP PCL's ROCE % too high?
TBSP PCL's current ROCE % is 4.35%. The Industrial Products industry median ROCE % is 7.09. TBSP PCL's value of 4.35% is 38.6% below this industry median. Overall, TBSP PCL has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TBSP PCL's ROCE % compare to competitors?
TBSP PCL's ROCE % of 4.35% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.09. TBSP PCL's value of 4.35% is 38.6% below 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 an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.09, based on 3,031 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. TBSP PCL's current ROCE % of 4.35% is 38.6% below 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 Industrial Products industry, the median ROCE % is 7.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TBSP PCL's current ROCE % is 4.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TBSP PCL stock overvalued right now?
Based on GuruFocus' analysis, TBSP PCL (BKK:TBSP) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.57, compared to a current price of ฿0.96 — trading 38.9% below its estimated fair value. The current ROCE % is 4.35% and 38.6% below the Industrial Products industry median of 7.09. TBSP PCL's overall GF Score™ is 45/100 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 TBSP PCL (BKK:TBSP), the current ROCE % is 4.35% 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 TBSP PCL (BKK:TBSP) Overvalued in 2026?

Based on GuruFocus' analysis, TBSP PCL stock appears to be undervalued. The current stock price of ฿0.96 is trading 38.9% below its estimated GF Value™ of ฿1.57. GuruFocus considers TBSP PCL to be Possible Value Trap.

Key valuation signals for BKK:TBSP:

  • ROCE %: 4.35%
  • GF Value™: ฿1.57 vs. price of ฿0.96 (38.9% below fair value)
  • GF Score™: 45/100 with 4 warning signs
  • Industry Position: 38.6% below the Industrial Products median

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

TBSP PCL Business Description

Address Poochao-Saming Prai Road, 41/1 Soi Wat Suan Som, Samrong Tai Subdistrict, Phra Pradaeng District, Samutprakarn, THA, 10130
TBSP PCL is engaged in the production and printing of anti-counterfeiting documents, including bank checks, business forms, and plastic cards.
45GF Score

Get the complete analysis for BKK:TBSP

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

฿0.96
Price
฿1.57
GF Value