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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. Thai Nippon Rubber Industry PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 19.76%.
Thai Nippon Rubber Industry PCL (BKK:TNR) 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.
Thai Nippon Rubber Industry PCL ROCE % Related Terms
Thai Nippon Rubber Industry PCL ROCE % Historical 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.
(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.
Thai Nippon Rubber Industry PCL (BKK:TNR) has a ROCE % of 19.76% as of Mar. 2026.
Is Thai Nippon Rubber Industry PCL's ROCE % too high?
Thai Nippon Rubber Industry PCL's current ROCE % is 19.76%. The Consumer Packaged Goods industry median ROCE % is 8.89. Thai Nippon Rubber Industry PCL's value of 19.76% is 122.3% above this industry median. Overall, Thai Nippon Rubber Industry PCL has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Nippon Rubber Industry PCL's ROCE % compare to PG and CL?
Thai Nippon Rubber Industry PCL's ROCE % of 19.76% can be compared against companies in the Consumer Packaged Goods industry. The industry median ROCE % is 8.89. Thai Nippon Rubber Industry PCL's value of 19.76% is 122.3% 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 Consumer Packaged Goods company?
The median ROCE % among Consumer Packaged Goods companies is 8.89, based on 1,942 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. Thai Nippon Rubber Industry PCL's current ROCE % of 19.76% is 122.3% 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 Consumer Packaged Goods industry, the median ROCE % is 8.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Nippon Rubber Industry PCL's current ROCE % is 19.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Nippon Rubber Industry PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Nippon Rubber Industry PCL (BKK:TNR) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿7.91, compared to a current price of ฿5.50 — trading 30.5% below its estimated fair value. The current ROCE % is 19.76% and 122.3% above the Consumer Packaged Goods industry median of 8.89. Thai Nippon Rubber Industry PCL's overall GF Score™ is 63/100 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 Thai Nippon Rubber Industry PCL (BKK:TNR), the current ROCE % is 19.76% 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 Thai Nippon Rubber Industry PCL (BKK:TNR) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Nippon Rubber Industry PCL stock appears to be undervalued.
The current stock price of ฿5.50 is trading 30.5% below its estimated GF Value™ of ฿7.91.
GuruFocus considers Thai Nippon Rubber Industry PCL to be Significantly Undervalued.
Key valuation signals for BKK:TNR:
ROCE %: 19.76%
GF Value™: ฿7.91 vs. price of ฿5.50 (30.5% below fair value)
Industry Position: 122.3% above the Consumer Packaged Goods median
No single metric tells the full story. See the BKK:TNR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Nippon Rubber Industry PCL along with its subsidiary engaged in manufacturing and distributing condom and lubricating gel, manufacturing paper packaging products and other printing, including manufacturing of herbal extraction products and providing analytical services, research, and tests to find important substances in all types of medicinal plants and agricultural crops and also provide personal care products. The company's operating segments are Condoms and lubricating gels and Paper boxes and other printing. It generates maximum revenue from Condoms and lubricating gels.
63GF Score
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