Tata Steel Thailand PCL (BKK:TSTH) ROCE %: 5.16% (As of Mar. 2026)


BKK:TSTH Tata Steel Thailand PCL BKK:TSTH
54 GF Score
Price ฿0.84
GF Value ฿0.75
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Tata Steel Thailand PCL ROCE %?

Tata Steel Thailand PCL BKK:TSTH 54 ROCE % is 5.16% as of Mar. 2026. GuruFocus rates BKK:TSTH with a GF Score™ of 54/100 and a GF Value™ of ฿0.75 (Modestly Overvalued). The stock has 3 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. Tata Steel Thailand PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 5.16%.

Tata Steel Thailand PCL  (BKK:TSTH) 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.

Tata Steel Thailand PCL ROCE % Related Terms

Tata Steel Thailand PCL ROCE % Historical Data

* Premium members only.

The historical data trend for Tata Steel Thailand 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.

Tata Steel Thailand PCL ROCE % Chart

Tata Steel Thailand PCL Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.57 5.20 0.89 3.22 15.83

Tata Steel Thailand 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 5.64 13.50 28.91 16.10 5.16
BKK:TSTH
54GF Score
Tata Steel Thailand PCL BKK:TSTH
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tata Steel Thailand PCL ROCE % Calculation

Tata Steel Thailand PCL's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=2386.242/( ( (15731.456 - 1659.909) + (17961.195 - 1883.423) )/ 2 )
=2386.242/( (14071.547+16077.772)/ 2 )
=2386.242/15074.6595
=15.83 %

Tata Steel Thailand 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 )
=822.268/( ( (16961.35 - 1160.154) + (17961.195 - 1883.423) )/ 2 )
=822.268/( ( 15801.196 + 16077.772 )/ 2 )
=822.268/15939.484
=5.16 %

(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 5.16% mean?
Tata Steel Thailand PCL (BKK:TSTH) has a ROCE % of 5.16% as of Mar. 2026.
Is Tata Steel Thailand PCL's ROCE % too high?
Tata Steel Thailand PCL's current ROCE % is 5.16%. The Steel industry median ROCE % is 5.50. Tata Steel Thailand PCL's value of 5.16% is 6.2% below this industry median. Overall, Tata Steel Thailand PCL has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tata Steel Thailand PCL's ROCE % compare to NUE and STLD?
Tata Steel Thailand PCL's ROCE % of 5.16% can be compared against companies in the Steel industry. The industry median ROCE % is 5.50. Tata Steel Thailand PCL's value of 5.16% is 6.2% 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 a Steel company?
The median ROCE % among Steel companies is 5.50, based on 621 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. Tata Steel Thailand PCL's current ROCE % of 5.16% is 6.2% 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 Steel industry, the median ROCE % is 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tata Steel Thailand PCL's current ROCE % is 5.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tata Steel Thailand PCL stock overvalued right now?
Based on GuruFocus' analysis, Tata Steel Thailand PCL (BKK:TSTH) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.75, compared to a current price of ฿0.84 — trading 12% above its estimated fair value. The current ROCE % is 5.16% and 6.2% below the Steel industry median of 5.50. Tata Steel Thailand PCL's overall GF Score™ is 54/100 with 3 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 Tata Steel Thailand PCL (BKK:TSTH), the current ROCE % is 5.16% 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 Tata Steel Thailand PCL (BKK:TSTH) Overvalued in 2026?

Based on GuruFocus' analysis, Tata Steel Thailand PCL stock appears to be overvalued. The current stock price of ฿0.84 is trading 12% above its estimated GF Value™ of ฿0.75. GuruFocus considers Tata Steel Thailand PCL to be Modestly Overvalued.

Key valuation signals for BKK:TSTH:

  • ROCE %: 5.16%
  • GF Value™: ฿0.75 vs. price of ฿0.84 (12% above fair value)
  • GF Score™: 54/100 with 3 warning signs
  • Industry Position: 6.2% below the Steel median

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

Tata Steel Thailand PCL Business Description

Other Exchanges MVX:Germany
Address Phaholyothin Road, No. 555, 20th Floor, Rasa One, Building B, Chatuchak Sub-district, Chatuchak District, Bangkok, THA, 10900
Tata Steel Thailand PCL is a Thailand-based holding company that is engaged in investing in other companies and providing management services. The company is engaged in manufacturing, rendering manufacturing services, distributing, and trading of steel bars, wire rods, and small-section products through its subsidiaries. The company operates in a single segment, being the Manufacturing and distribution of long steel products. Its product line includes rebar, deformed bar, round bar, cut and bend bars, wire rods, including high carbon wire rods and low carbon, special wire rods, and others.
54GF Score

Get the complete analysis for BKK:TSTH

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

฿0.84
Price
฿0.75
GF Value