Thantawan Industry PCL (BKK:THIP-F) ROCE %: 12.52% (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:THIP-F Thantawan Industry PCL BKK:THIP-F
79 GF Score
Price ฿8.30
GF Value ฿10.69
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Thantawan Industry PCL ROCE %?

Thantawan Industry PCL BKK:THIP-F 79 ROCE % is 12.52% as of Jun. 2026. GuruFocus rates BKK:THIP-F with a GF Score™ of 79/100 and a GF Value™ of ฿10.69 (Modestly Undervalued). The stock has 8 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. Thantawan Industry PCL's annualized ROCE % for the quarter that ended in Jun. 2026 was 12.52%.

Thantawan Industry PCL  (BKK:THIP-F) 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.

Thantawan Industry PCL ROCE % Related Terms

Thantawan Industry PCL ROCE % Historical Data

* Premium members only.

The historical data trend for Thantawan Industry 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.

Thantawan Industry PCL ROCE % Chart

Thantawan Industry 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 20.48 16.88 12.80 14.47 9.88

Thantawan Industry 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 10.53 5.23 8.72 6.09 12.52
BKK:THIP-F
79GF Score
Thantawan Industry PCL BKK:THIP-F
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thantawan Industry PCL ROCE % Calculation

Thantawan Industry 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 )
=313.484/( ( (3764.773 - 682.64) + (4354.91 - 1088.316) )/ 2 )
=313.484/( (3082.133+3266.594)/ 2 )
=313.484/3174.3635
=9.88 %

Thantawan Industry 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 )
=412.692/( ( (4171.643 - 868.413) + (4101.112 - 812.195) )/ 2 )
=412.692/( ( 3303.23 + 3288.917 )/ 2 )
=412.692/3296.0735
=12.52 %

(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 12.52% mean?
Thantawan Industry PCL (BKK:THIP-F) has a ROCE % of 12.52% as of Jun. 2026.
Is Thantawan Industry PCL's ROCE % too high?
Thantawan Industry PCL's current ROCE % is 12.52%. The Packaging & Containers industry median ROCE % is 7.68. Thantawan Industry PCL's value of 12.52% is 63% above this industry median. Overall, Thantawan Industry PCL has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thantawan Industry PCL's ROCE % compare to SW and PKG?
Thantawan Industry PCL's ROCE % of 12.52% can be compared against companies in the Packaging & Containers industry. The industry median ROCE % is 7.68. Thantawan Industry PCL's value of 12.52% is 63% 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 7.68, based on 399 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. Thantawan Industry PCL's current ROCE % of 12.52% is 63% 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 7.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thantawan Industry PCL's current ROCE % is 12.52%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thantawan Industry PCL stock overvalued right now?
Based on GuruFocus' analysis, Thantawan Industry PCL (BKK:THIP-F) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿10.69, compared to a current price of ฿8.30 — trading 22.4% below its estimated fair value. The current ROCE % is 12.52% and 63% above the Packaging & Containers industry median of 7.68. Thantawan Industry PCL's overall GF Score™ is 79/100 with 8 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 Thantawan Industry PCL (BKK:THIP-F), the current ROCE % is 12.52% 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 Thantawan Industry PCL (BKK:THIP-F) Overvalued in 2026?

Based on GuruFocus' analysis, Thantawan Industry PCL stock appears to be undervalued. The current stock price of ฿8.30 is trading 22.4% below its estimated GF Value™ of ฿10.69. GuruFocus considers Thantawan Industry PCL to be Modestly Undervalued.

Key valuation signals for BKK:THIP-F:

  • ROCE %: 12.52%
  • GF Value™: ฿10.69 vs. price of ฿8.30 (22.4% below fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 63% above the Packaging & Containers median

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

Thantawan Industry PCL Business Description

Other Exchanges THIP:Thailand
Address Soi Kangwal 2, Phetkasem Road, 143-144, Moo 8, Omyai, Sampran, Nakornpathom, THA, 73160
Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The Group manufactures and sells plastic products, which are divided into two main products: plastic bags and straw products. Other products are Zipper tape and resin scrap, etc. Key revenue is generated from Plastic bag. The geographical area of its operation is Thailand and Vietnam.
79GF Score

Get the complete analysis for BKK:THIP-F

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

฿8.30
Price
฿10.69
GF Value