TMT Steel PCL (BKK:TMT) ROCE %: 15.23% (As of Mar. 2026)

What is TMT Steel PCL ROCE %?

TMT Steel PCL BKK:TMT +0.59% 70 ROCE % is 15.23% as of Mar. 2026. GuruFocus rates BKK:TMT with a GF Score™ of 70/100 and a GF Value™ of ฿3.58 (Fairly Valued). The stock has 5 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. TMT Steel PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 15.23%.

TMT Steel PCL (BKK:TMT) 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.

TMT Steel PCL ROCE % Related Terms

TMT Steel PCL ROCE % Historical Data

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The historical data trend for TMT Steel 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.

TMT Steel PCL ROCE % Chart

TMT Steel PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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42.05

7.96

12.08

3.01

6.61

TMT Steel 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															11.81	7.89	4.93	2.65	15.23

70GF Score

TMT Steel PCL BKK:TMT

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

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TMT Steel PCL ROCE % Calculation

TMT Steel 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 )
	=	250.904	/	( ( (8699.718 - 4957.402)	+	(8238.214 - 4385.81) )	/ 2 )
	=	250.904	/	( (3742.316	+	3852.404)	/ 2 )
	=	250.904	/	3797.36
	=	6.61 %

TMT Steel 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 )
	=	593.196	/	( ( (8238.214 - 4385.81)	+	(8606.141 - 4667.156) )	/ 2 )
	=	593.196	/	( ( 3852.404	+	3938.985 )	/ 2 )
	=	593.196	/	3895.6945
	=	15.23 %

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

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 15.23% mean?

TMT Steel PCL (BKK:TMT) has a ROCE % of 15.23% as of Mar. 2026.

Is TMT Steel PCL's ROCE % too high?

TMT Steel PCL's current ROCE % is 15.23%. The Steel industry median ROCE % is 5.51. TMT Steel PCL's value of 15.23% is 176.4% above this industry median. Overall, TMT Steel PCL has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does TMT Steel PCL's ROCE % compare to NUE and STLD?

TMT Steel PCL's ROCE % of 15.23% can be compared against companies in the Steel industry. The industry median ROCE % is 5.51. TMT Steel PCL's value of 15.23% is 176.4% 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 Steel company?

The median ROCE % among Steel companies is 5.51, based on 620 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. TMT Steel PCL's current ROCE % of 15.23% is 176.4% 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 Steel industry, the median ROCE % is 5.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TMT Steel PCL's current ROCE % is 15.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TMT Steel PCL stock overvalued right now?

Based on GuruFocus' analysis, TMT Steel PCL (BKK:TMT) is currently considered Fairly Valued. The stock's GF Value™ is ฿3.58, compared to a current price of ฿3.40 — trading 5% below its estimated fair value. The current ROCE % is 15.23% and 176.4% above the Steel industry median of 5.51. TMT Steel PCL's overall GF Score™ is 70/100 with 5 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 TMT Steel PCL (BKK:TMT), the current ROCE % is 15.23% 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 TMT Steel PCL (BKK:TMT) Overvalued in 2026?

Based on GuruFocus' analysis, TMT Steel PCL stock appears to be undervalued. The current stock price of ฿3.40 is trading 5% below its estimated GF Value™ of ฿3.58. GuruFocus considers TMT Steel PCL to be Fairly Valued.

Key valuation signals for BKK:TMT:

ROCE %: 15.23%
GF Value™: ฿3.58 vs. price of ฿3.40 (5% below fair value)
GF Score™: 70/100 with 5 warning signs
Industry Position: 176.4% above the Steel median

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

TMT Steel PCL Business Description

Industry Basic Materials Steel

Comparable Companies BKK:INOX BKK:GJS BKK:MCS BKK:SMIT BKK:2S BKK:PAP BKK:SSSC BKK:LHK BKK:CHOW BKK:AMC NUE XAMS:MT STLD BOM:500228 NSE:TATASTEEL RS TSE:5401 SHSE:600019 XKRX:005490 SHSE:600010

Address South Sathorn Road, 22nd Floor, 179 Bangkok City Tower, Thungmahamek, Sathorn, Bangkok, THA, 10120

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

TMT Steel PCL operates as a total steel solutions provider. It is engaged in fabricating and selling structural steel plates and sheets. The company offers flat products, including hot-rolled steel, plate steel, slit steel coil, flat iron, steel pipe, round steel bar, and others. In addition, it also provides steel processing and cold-forming services. Geographically the business activity functions through the region of Thailand.

70GF Score

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

฿3.40

Price

฿3.58

GF Value

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