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3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Lighting & Equipment PCL's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 3.70%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Lighting & Equipment PCL's 3-Year ROIIC % or its related term are showing as below:
BKK:L&E's 3-Year ROIIC % is ranked better than 50.58% of 2934
companies
in the Industrial Products industry
Industry Median: 3.46
vs BKK:L&E: 3.70
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Lighting & Equipment PCL 3-Year ROIIC % Related Terms
Lighting & Equipment PCL 3-Year ROIIC % 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 Electrical Equipment & Parts subindustry, Lighting & Equipment PCL's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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.
Lighting & Equipment PCL 3-Year ROIIC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Lighting & Equipment PCL's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Lighting & Equipment PCL's 3-Year ROIIC % falls into.
Lighting & Equipment PCL's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 53.778 (Dec. 2025) - 65.058331 (Dec. 2022) )
/
( 2498.26 (Dec. 2025) - 2803.087 (Dec. 2022) )
=
-11.280331
/
-304.827
=
3.70%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Lighting & Equipment PCL (BKK:L&E) has a 3-Year ROIIC % of 3.70 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Lighting & Equipment PCL and its competitors. According to the industry distribution chart, Lighting & Equipment PCL ranks #1450 out of 2934 companies in the Industrial Products industry, placing it in the top 49.4%.
Is Lighting & Equipment PCL's 3-Year ROIIC % too high?
Lighting & Equipment PCL's current 3-Year ROIIC % is 3.70. The Industrial Products industry median 3-Year ROIIC % is 3.46. Lighting & Equipment PCL's value of 3.70 is 6.9% above this industry median. Based on the distribution chart, Lighting & Equipment PCL ranks #1450 out of 2934 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Lighting & Equipment PCL has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lighting & Equipment PCL's 3-Year ROIIC % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Lighting & Equipment PCL ranks #1450 out of 2934 companies for 3-Year ROIIC %. This puts Lighting & Equipment PCL in the upper half of its industry. The industry median 3-Year ROIIC % is 3.46. Lighting & Equipment PCL's value of 3.70 is 6.9% 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 3-Year ROIIC % for an Industrial Products company?
The median 3-Year ROIIC % among Industrial Products companies is 3.46, based on 2,934 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lighting & Equipment PCL's current 3-Year ROIIC % of 3.70 is 6.9% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Lighting & Equipment PCL and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lighting & Equipment PCL's current 3-Year ROIIC % is 3.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lighting & Equipment PCL stock overvalued right now?
Based on GuruFocus' analysis, Lighting & Equipment PCL (BKK:L&E) is currently considered Fairly Valued. The stock's GF Value™ is ฿1.13, compared to a current price of ฿1.19 — trading 5.3% above its estimated fair value. The current 3-Year ROIIC % is 3.70 and 6.9% above the Industrial Products industry median of 3.46. Lighting & Equipment PCL's overall GF Score™ is 62/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Lighting & Equipment PCL (BKK:L&E), the current 3-Year ROIIC % is 3.70 as of Dec. 2025. 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 Lighting & Equipment PCL (BKK:L&E) Overvalued in 2026?
Based on GuruFocus' analysis, Lighting & Equipment PCL stock appears to be overvalued.
The current stock price of ฿1.19 is trading 5.3% above its estimated GF Value™ of ฿1.13.
GuruFocus considers Lighting & Equipment PCL to be Fairly Valued.
Key valuation signals for BKK:L&E:
3-Year ROIIC %: 3.70
GF Value™: ฿1.13 vs. price of ฿1.19 (5.3% above fair value)
Industry Position: 6.9% above the Industrial Products median (#1450 of 2934)
No single metric tells the full story. See the BKK:L&E stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lighting & Equipment PCL is engaged in trading lighting fixtures, lamps, electrical equipment, and installation service and design of electric and lighting systems. Its other products include cable turning systems, light-emitting diodes (LEDs), light boxes, lighting control equipment, lighting poles, luminaries, optical fiber lighting, and others. These products are sold through two main channels, project and retail. The company operates in a single line of business, namely the lighting business in Thailand.
62GF Score
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