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ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Bualuang Office Leasehold REIT's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 7.90%.
As of today (2026-08-05), Bualuang Office Leasehold REIT's WACC % is 8.12%. Bualuang Office Leasehold REIT's ROIC % is 7.64% (calculated using TTM income statement data).
Bualuang Office Leasehold REIT earns returns that do not match up to its cost of capital. It will destroy value as it grows.
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Bualuang Office Leasehold REIT's WACC % is 8.12%. Bualuang Office Leasehold REIT's ROIC % is 7.64% (calculated using TTM income statement data).
Bualuang Office Leasehold REIT earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Bualuang Office Leasehold REIT ROIC % Related Terms
Bualuang Office Leasehold REIT ROIC % 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.
For the REIT - Office subindustry, Bualuang Office Leasehold REIT's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bualuang Office Leasehold REIT ROIC % vs REITs Industry
For the REITs industry and Real Estate sector, Bualuang Office Leasehold REIT's ROIC % distribution charts can be found below:
* The bar in red indicates where Bualuang Office Leasehold REIT's ROIC % falls into.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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.
Bualuang Office Leasehold REIT (BKK:B-WORK) has a ROIC % of 7.90% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Bualuang Office Leasehold REIT and its competitors.
Is Bualuang Office Leasehold REIT's ROIC % too high?
Bualuang Office Leasehold REIT's current ROIC % is 7.90%. The REITs industry median ROIC % is 3.72. Bualuang Office Leasehold REIT's value of 7.90% is 112.4% above this industry median. Overall, Bualuang Office Leasehold REIT has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bualuang Office Leasehold REIT's ROIC % compare to BXP and ARE?
Bualuang Office Leasehold REIT's ROIC % of 7.90% can be compared against companies in the REITs industry. The industry median ROIC % is 3.72. Bualuang Office Leasehold REIT's value of 7.90% is 112.4% 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 ROIC % for a REITs company?
The median ROIC % among REITs companies is 3.72, based on 734 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bualuang Office Leasehold REIT's current ROIC % of 7.90% is 112.4% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Bualuang Office Leasehold REIT and its competitors. For the REITs industry, the median ROIC % is 3.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bualuang Office Leasehold REIT's current ROIC % is 7.90%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bualuang Office Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Bualuang Office Leasehold REIT (BKK:B-WORK) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿3.89, compared to a current price of ฿6.55 — trading 68.4% above its estimated fair value. The current ROIC % is 7.90% and 112.4% above the REITs industry median of 3.72. Bualuang Office Leasehold REIT's overall GF Score™ is 62/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Bualuang Office Leasehold REIT (BKK:B-WORK), the current ROIC % is 7.90% 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 Bualuang Office Leasehold REIT (BKK:B-WORK) Overvalued in 2026?
Based on GuruFocus' analysis, Bualuang Office Leasehold REIT stock appears to be overvalued.
The current stock price of ฿6.55 is trading 68.4% above its estimated GF Value™ of ฿3.89.
GuruFocus considers Bualuang Office Leasehold REIT to be Significantly Overvalued.
Key valuation signals for BKK:B-WORK:
ROIC %: 7.90%
GF Value™: ฿3.89 vs. price of ฿6.55 (68.4% above fair value)
No single metric tells the full story. See the BKK:B-WORK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bualuang Office Leasehold REIT is an investment company. The Trust's objectives are to raise funds from investors and use funds to invest in the leasehold properties by lease and/ or sublease under 2 projects as follows: 1. True Tower 1 Project and 2. True Tower 2 Project. The Trust's main operations are derived from rental and service income from investing in properties and leasehold rights, seeking the benefits from properties, and properties for rent. The Trust has only one geographical segment that operates only in Thailand.
62GF Score
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