TOIPY (Thai Oil PCL) ROCE %: 29.43% (As of Mar. 2026)


TOIPY Thai Oil PCL TOIPY
78 GF Score
Price $14.40
GF Value $13.59
Valuation Fairly Valued
! 3 Warning Signs
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What is Thai Oil PCL ROCE %?

Thai Oil PCL TOIPY 78 ROCE % is 29.43% as of Mar. 2026. GuruFocus rates TOIPY with a GF Score™ of 78/100 and a GF Value™ of $13.59 (Fairly Valued). 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. Thai Oil PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 29.43%.

Thai Oil PCL  (OTCPK:TOIPY) 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 Oil PCL ROCE % Related Terms

Thai Oil PCL ROCE % Historical Data

* Premium members only.

The historical data trend for Thai Oil 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.

Thai Oil PCL ROCE % Chart

Thai Oil 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 5.90 13.57 8.22 4.80 6.21

Thai Oil 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 6.33 9.51 4.33 4.48 29.43
TOIPY
78GF Score
Thai Oil PCL TOIPY
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Thai Oil PCL ROCE % Calculation

Thai Oil 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 )
=641.773/( ( (11979.23 - 1981.739) + (13532.346 - 2862.67) )/ 2 )
=641.773/( (9997.491+10669.676)/ 2 )
=641.773/10333.5835
=6.21 %

Thai Oil 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 )
=3176.756/( ( (13532.346 - 2862.67) + (14574.248 - 3653.037) )/ 2 )
=3176.756/( ( 10669.676 + 10921.211 )/ 2 )
=3176.756/10795.4435
=29.43 %

(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 29.43% mean?
Thai Oil PCL (TOIPY) has a ROCE % of 29.43% as of Mar. 2026.
Is Thai Oil PCL's ROCE % too high?
Thai Oil PCL's current ROCE % is 29.43%. The Oil & Gas industry median ROCE % is 6.79. Thai Oil PCL's value of 29.43% is 333.4% above this industry median. Overall, Thai Oil PCL has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thai Oil PCL's ROCE % compare to VLO and MPC?
Thai Oil PCL's ROCE % of 29.43% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Thai Oil PCL's value of 29.43% is 333.4% 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 an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.79, based on 977 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 Oil PCL's current ROCE % of 29.43% is 333.4% 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 Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Oil PCL's current ROCE % is 29.43%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Oil PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Oil PCL (TOIPY) is currently considered Fairly Valued. The stock's GF Value™ is $13.59, compared to a current price of $14.40 — trading 6% above its estimated fair value. The current ROCE % is 29.43% and 333.4% above the Oil & Gas industry median of 6.79. Thai Oil PCL's overall GF Score™ is 78/100 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 Thai Oil PCL (TOIPY), the current ROCE % is 29.43% 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 Oil PCL (TOIPY) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Oil PCL stock appears to be overvalued. The current stock price of $14.40 is trading 6% above its estimated GF Value™ of $13.59. GuruFocus considers Thai Oil PCL to be Fairly Valued.

Key valuation signals for TOIPY:

  • ROCE %: 29.43%
  • GF Value™: $13.59 vs. price of $14.40 (6% above fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 333.4% above the Oil & Gas median

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

Thai Oil PCL Business Description

Industry EnergyOil & Gas
Address Vibhavadi Rangsit Road, 555/1 Energy Complex, 11th Floor, Building A, Chatuchak Subdistrict, Chatuchak District, Bangkok, THA, 10900
Thai Oil PCL operates an integrated business in oil refining and petrochemicals business. The company is engaged in oil refinery and distribution, petrochemicals, lube base oil and other businesses in domestic and overseas. It operates in the following reportable segments: Oil refinery, Lube base oil refinery, Aromatics and LAB, Solvent, Power generation, Ethanol, Olefins, and Others. The majority of the company's revenue is derived from the Oil refinery segment. Geographically, it generates the maximum revenue from Thailand, followed by Indonesia and other countries.
78GF Score

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

$14.40
Price
$13.59
GF Value