ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Thai Reinsurance PCL's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 7.25%.
As of today (2026-06-25), Thai Reinsurance PCL's WACC % is 9.79%. Thai Reinsurance PCL's ROIC % is 2.61% (calculated using TTM income statement data).
Thai Reinsurance PCL 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, Thai Reinsurance PCL's WACC % is 9.79%. Thai Reinsurance PCL's ROIC % is 2.61% (calculated using TTM income statement data).
Thai Reinsurance 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.
* 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 Insurance - Reinsurance subindustry, Thai Reinsurance 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.
Thai Reinsurance PCL ROIC % vs Insurance Industry
For the Insurance industry and Financial Services sector, Thai Reinsurance PCL's ROIC % distribution charts can be found below:
* The bar in red indicates where Thai Reinsurance PCL's ROIC % falls into.
Note:
The EBIT 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.
Thai Reinsurance PCL (BKK:THRE-R) has a ROIC % of 7.25% 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 Thai Reinsurance PCL and its competitors.
Is Thai Reinsurance PCL's ROIC % too high?
Thai Reinsurance PCL's current ROIC % is 7.25%. The Insurance industry median ROIC % is 3.36. Thai Reinsurance PCL's value of 7.25% is 115.8% above this industry median. Overall, Thai Reinsurance PCL has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Thai Reinsurance PCL's ROIC % compare to RGA and EG?
Thai Reinsurance PCL's ROIC % of 7.25% can be compared against companies in the Insurance industry. The industry median ROIC % is 3.36. Thai Reinsurance PCL's value of 7.25% is 115.8% 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 an Insurance company?
The median ROIC % among Insurance companies is 3.36, based on 368 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. Thai Reinsurance PCL's current ROIC % of 7.25% is 115.8% 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 Thai Reinsurance PCL and its competitors. For the Insurance industry, the median ROIC % is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Reinsurance PCL's current ROIC % is 7.25%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Reinsurance PCL stock overvalued right now?
Thai Reinsurance PCL (BKK:THRE-R) has a current ROIC % of 7.25%. The stock's GF Value™ is ฿0.48, compared to a current price of ฿0.39 — trading 18.8% below its estimated fair value. The current ROIC % is 7.25% and 115.8% above the Insurance industry median of 3.36. Thai Reinsurance PCL's overall GF Score™ is 42/100 with 3 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 Thai Reinsurance PCL (BKK:THRE-R), the current ROIC % is 7.25% 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 Reinsurance PCL (BKK:THRE-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Reinsurance PCL stock appears to be undervalued.
The current stock price of ฿0.39 is trading 18.8% below its estimated GF Value™ of ฿0.48.
Key valuation signals for BKK:THRE-R:
ROIC %: 7.25%
GF Value™: ฿0.48 vs. price of ฿0.39 (18.8% below fair value)
Industry Position: 115.8% above the Insurance median
No single metric tells the full story. See the BKK:THRE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Reinsurance PCL provides reinsurance for non-life businesses diversify risk, including but not limited to property, personal accident, engineering, and marine and cargo risk. The company provides two main types of reinsurance contracts: facultative reinsurance and treaty reinsurance. Its segments include Motor insurance and Non-motor insurance. The majority of the revenue is derived from Non-motor insurance segment. The group operates in Thailand only.
42GF Score
Get the complete analysis for BKK:THRE-R
ROIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:THRE-R has been successfully added to your 
