Euroasia Total Logistics PCL (BKK:ETL) ROIC %: -16.38% (As of Mar. 2026)


BKK:ETL Euroasia Total Logistics PCL BKK:ETL
18 GF Score
Price ฿0.39
GF Value ฿0.99
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Euroasia Total Logistics PCL ROIC %?

Euroasia Total Logistics PCL BKK:ETL -2.50% 18 ROIC % is -16.38% as of Mar. 2026. GuruFocus rates BKK:ETL with a GF Score™ of 18/100 and a GF Value™ of ฿0.99 (Significantly Undervalued). The stock has 2 warning signs investors should review.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Euroasia Total Logistics PCL's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was -16.38%.

As of today (2026-07-07), Euroasia Total Logistics PCL's WACC % is 9.19%. Euroasia Total Logistics PCL's ROIC % is -6.19% (calculated using TTM income statement data). Euroasia Total Logistics PCL earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Euroasia Total Logistics PCL  (BKK:ETL) ROIC % Explanation

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, Euroasia Total Logistics PCL's WACC % is 9.19%. Euroasia Total Logistics PCL's ROIC % is -6.19% (calculated using TTM income statement data). Euroasia Total Logistics PCL 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.


Euroasia Total Logistics PCL ROIC % Related Terms


Euroasia Total Logistics PCL ROIC % Historical Data

* Premium members only.

The historical data trend for Euroasia Total Logistics PCL's ROIC % 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.

Euroasia Total Logistics PCL ROIC % Chart

Euroasia Total Logistics PCL Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
ROIC %
25.21 12.61 8.95 -3.40 -0.43

Euroasia Total Logistics PCL Quarterly Data
Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROIC % 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 8.76 8.33 -2.05 -18.90 -16.38

BKK:ETL vs UPS, FDX, JBHT: ROIC % Comparison

For the Integrated Freight & Logistics subindustry, Euroasia Total Logistics PCL'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.


Euroasia Total Logistics PCL ROIC % vs Transportation Industry

For the Transportation industry and Industrials sector, Euroasia Total Logistics PCL's ROIC % distribution charts can be found below:

* The bar in red indicates where Euroasia Total Logistics PCL's ROIC % falls into.


BKK:ETL
18GF Score
Euroasia Total Logistics PCL BKK:ETL
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Euroasia Total Logistics PCL ROIC % Calculation

Euroasia Total Logistics PCL's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROIC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=-2.34 * ( 1 - 0% )/( (565.636 + 518.356)/ 2 )
=-2.34/541.996
=-0.43 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=973.52 - 240.698 - ( 167.186 - max(0, 311.983 - 542.721+167.186))
=565.636

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1183.339 - 504.951 - ( 160.032 - max(0, 557.801 - 778.391+160.032))
=518.356

Euroasia Total Logistics PCL's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Mar. 2026 is calculated as:

ROIC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-85.744 * ( 1 - 1.88% )/( (518.356 + 509.095)/ 2 )
=-84.1320128/513.7255
=-16.38 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1183.339 - 504.951 - ( 160.032 - max(0, 557.801 - 778.391+160.032))
=518.356

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1202.477 - 553.101 - ( 140.281 - max(0, 601.716 - 804.501+140.281))
=509.095

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.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of -16.38% mean?
Euroasia Total Logistics PCL (BKK:ETL) has a ROIC % of -16.38% 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 Euroasia Total Logistics PCL and its competitors.
Is Euroasia Total Logistics PCL's ROIC % too high?
Euroasia Total Logistics PCL's current ROIC % is -16.38%. Overall, Euroasia Total Logistics PCL has a GF Score™ of 18/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Euroasia Total Logistics PCL's ROIC % compare to UPS and FDX?
Euroasia Total Logistics PCL's ROIC % of -16.38% can be compared against companies in the Transportation industry. The industry median ROIC % is 4.69. 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 Transportation company?
The median ROIC % among Transportation companies is 4.69, based on 989 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. 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 Euroasia Total Logistics PCL and its competitors. For the Transportation industry, the median ROIC % is 4.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Euroasia Total Logistics PCL's current ROIC % is -16.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Euroasia Total Logistics PCL stock overvalued right now?
Based on GuruFocus' analysis, Euroasia Total Logistics PCL (BKK:ETL) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿0.99, compared to a current price of ฿0.39 — trading 60.6% below its estimated fair value. The current ROIC % is -16.38%. Euroasia Total Logistics PCL's overall GF Score™ is 18/100 with 2 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 Euroasia Total Logistics PCL (BKK:ETL), the current ROIC % is -16.38% 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 Euroasia Total Logistics PCL (BKK:ETL) Overvalued in 2026?

Based on GuruFocus' analysis, Euroasia Total Logistics PCL stock appears to be undervalued. The current stock price of ฿0.39 is trading 60.6% below its estimated GF Value™ of ฿0.99. GuruFocus considers Euroasia Total Logistics PCL to be Significantly Undervalued.

Key valuation signals for BKK:ETL:

  • ROIC %: -16.38%
  • GF Value™: ฿0.99 vs. price of ฿0.39 (60.6% below fair value)
  • GF Score™: 18/100 with 2 warning signs

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


Euroasia Total Logistics PCL Business Description

Address 88/8 Nonsee Road, 4th floor, Chong Nonsee, Yannawa, Bangkok, THA, 10120
Euroasia Total Logistics PCL is engaged in providing cross-border land transport services. It provides Cross border road freight solutions, Road - Rail Solutions and Multimodal Hub. Its segments are Domestic segment and Oversea segment. The company generates majority of its revenue from Oversea segment segment.
18GF Score

Get the complete analysis for BKK:ETL

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

฿0.39
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