True PCL (FRA:TAF0) ROCE %: 9.01% (As of Mar. 2026)


FRA:TAF0 True Corp PCL FRA:TAF0
48 GF Score
Price €0.30
GF Value €0.26
! 5 Warning Signs
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What is True PCL ROCE %?

True PCL FRA:TAF0 +2.78% 48 ROCE % is 9.01% as of Mar. 2026. GuruFocus rates FRA:TAF0 with a GF Score™ of 48/100 and a GF Value™ of €0.26. 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. True PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 9.01%.

True PCL  (FRA:TAF0) 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.

True PCL ROCE % Related Terms

True PCL ROCE % Historical Data

* Premium members only.

The historical data trend for True 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.

True PCL ROCE % Chart

True 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 3.24 -0.31 0.00 1.86 5.17

True 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 5.18 5.34 5.22 5.30 9.01
FRA:TAF0
48GF Score
True Corp PCL FRA:TAF0
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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True PCL ROCE % Calculation

True 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 )
=682.236/( ( (18893.512 - 5857.313) + (17965.242 - 4607.771) )/ 2 )
=682.236/( (13036.199+13357.471)/ 2 )
=682.236/13196.835
=5.17 %

True 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 )
=1199.036/( ( (17965.242 - 4607.771) + (17532.448 - 4271.767) )/ 2 )
=1199.036/( ( 13357.471 + 13260.681 )/ 2 )
=1199.036/13309.076
=9.01 %

(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 9.01% mean?
True PCL (FRA:TAF0) has a ROCE % of 9.01% as of Mar. 2026.
Is True PCL's ROCE % too high?
True PCL's current ROCE % is 9.01%. The Telecommunication Services industry median ROCE % is 7.67. True PCL's value of 9.01% is 17.5% above this industry median. Overall, True PCL has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does True PCL's ROCE % compare to TMUS and VZ?
True PCL's ROCE % of 9.01% can be compared against companies in the Telecommunication Services industry. The industry median ROCE % is 7.67. True PCL's value of 9.01% is 17.5% 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 Telecommunication Services company?
The median ROCE % among Telecommunication Services companies is 7.67, based on 354 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. True PCL's current ROCE % of 9.01% is 17.5% 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 Telecommunication Services industry, the median ROCE % is 7.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. True PCL's current ROCE % is 9.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is True PCL stock overvalued right now?
True PCL (FRA:TAF0) has a current ROCE % of 9.01%. The stock's GF Value™ is €0.26, compared to a current price of €0.30 — trading 13.8% above its estimated fair value. The current ROCE % is 9.01% and 17.5% above the Telecommunication Services industry median of 7.67. True PCL's overall GF Score™ is 48/100 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 True PCL (FRA:TAF0), the current ROCE % is 9.01% 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 True PCL (FRA:TAF0) Overvalued in 2026?

Based on GuruFocus' analysis, True PCL stock appears to be overvalued. The current stock price of €0.30 is trading 13.8% above its estimated GF Value™ of €0.26.

Key valuation signals for FRA:TAF0:

  • ROCE %: 9.01%
  • GF Value™: €0.26 vs. price of €0.30 (13.8% above fair value)
  • GF Score™: 48/100 with 5 warning signs
  • Industry Position: 17.5% above the Telecommunication Services median

No single metric tells the full story. See the FRA:TAF0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

True PCL Business Description

Address 18 True Tower, Ratchadaphisek Road, Huai Khwang, Bangkok, THA, 10310
True Corp PCL is a triple-play telecommunications company. It operates through three business segments: Mobile, Pay TV, Broadband internet and others. The majority of revenue is derived from Mobile segment, the company's mobile services product offering. The majority of the company's customer base in its mobile services division is considered prepaid. Broadband internet and other generated revenue internet services are recognized when rendering the service to subscribers. Pay TV generates revenues from monthly subscription fees recognized in the month in which the service is provided, commencing from the completion of installation. It operates in a single geographical area, which is Thailand.
48GF Score

Get the complete analysis for FRA:TAF0

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

€0.30
Price
€0.26
GF Value