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Siam Pan Group PCLBKK:SPG +0.91%75 3-Year ROIIC % is 3.18 as of Dec. 2025, which is 35% above its 10-year median of 2.35. GuruFocus rates BKK:SPG with a GF Score™ of 75/100 and a GF Value™ of ฿13.83 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,522 Chemicals companies, Siam Pan Group PCL ranks better than 56.11% on this metric.
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.
Siam Pan Group PCL's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 3.18%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Siam Pan Group PCL's 3-Year ROIIC % or its related term are showing as below:
BKK:SPG's 3-Year ROIIC % is ranked better than 56.11% of 1522
companies
in the Chemicals industry
Industry Median: 0.02
vs BKK:SPG: 3.18
Siam Pan Group PCL (BKK:SPG) 3-Year ROIIC % Explanation
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.
Siam Pan Group PCL 3-Year ROIIC % Related Terms
Siam Pan Group PCL 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Siam Pan Group PCL's 3-Year ROIIC % 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.
BKK:SPG vs LIN, SHW, ECL: 3-Year ROIIC % Comparison
For the Specialty Chemicals subindustry, Siam Pan Group 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.
Siam Pan Group PCL 3-Year ROIIC % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Siam Pan Group PCL's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Siam Pan Group PCL's 3-Year ROIIC % falls into.
* 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.
Siam Pan Group PCL (BKK:SPG) has a 3-Year ROIIC % of 3.18 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 Siam Pan Group PCL and its competitors. This is 35% above median its historical median of 2.35. According to the industry distribution chart, Siam Pan Group PCL ranks #668 out of 1522 companies in the Chemicals industry, placing it in the top 43.9%.
Is Siam Pan Group PCL's 3-Year ROIIC % too high?
Siam Pan Group PCL's current 3-Year ROIIC % of 3.18 is 35% above median its 10-year median of 2.35. The Chemicals industry median 3-Year ROIIC % is 0.02. Siam Pan Group PCL's value of 3.18 is 15800% above this industry median. Based on the distribution chart, Siam Pan Group PCL ranks #668 out of 1522 companies in the Chemicals industry, which is above the industry midpoint. Overall, Siam Pan Group PCL has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Siam Pan Group PCL's 3-Year ROIIC % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Siam Pan Group PCL ranks #668 out of 1522 companies for 3-Year ROIIC %. This puts Siam Pan Group PCL in the upper half of its industry. The industry median 3-Year ROIIC % is 0.02. Siam Pan Group PCL's value of 3.18 is 15800% above this benchmark. While the company's 10-year median is 2.35 vs. the industry median of 0.02, Siam Pan Group PCL has consistently been above the industry average. 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 a Chemicals company?
The median 3-Year ROIIC % among Chemicals companies is 0.02, based on 1,522 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. Siam Pan Group PCL's current 3-Year ROIIC % of 3.18 is 15800% 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 Siam Pan Group PCL and its competitors. For the Chemicals industry, the median 3-Year ROIIC % is 0.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siam Pan Group PCL's current 3-Year ROIIC % is 3.18, which is 35% above median its own 10-year median of 2.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siam Pan Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Siam Pan Group PCL (BKK:SPG) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿13.83, compared to a current price of ฿11.10 — trading 19.7% below its estimated fair value. The current 3-Year ROIIC % is 3.18, which is 35% above median its 10-year median of 2.35 and 15800% above the Chemicals industry median of 0.02. Siam Pan Group PCL's overall GF Score™ is 75/100 with 4 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 Siam Pan Group PCL (BKK:SPG), the current 3-Year ROIIC % is 3.18 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 Siam Pan Group PCL (BKK:SPG) Overvalued in 2026?
Based on GuruFocus' analysis, Siam Pan Group PCL stock appears to be undervalued.
The current stock price of ฿11.10 is trading 19.7% below its estimated GF Value™ of ฿13.83.
GuruFocus considers Siam Pan Group PCL to be Modestly Undervalued.
Key valuation signals for BKK:SPG:
3-Year ROIIC %: 3.18 (35% above median its 10-year median of 2.35)
GF Value™: ฿13.83 vs. price of ฿11.10 (19.7% below fair value)
Industry Position: 15800% above the Chemicals median (#668 of 1522)
No single metric tells the full story. See the BKK:SPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Siam Pan Group PCL is a Thailand-based company that is engaged in the manufacturing and distributing of lubricating oil, grease, and batteries. The company has the following crucial segments which include Grease, and Lubricating Oil. In terms of revenue, the Grease segment generates more revenue for the company. The organization has its branches present in Thailand, Myanmar and Other countries of which it generates maximum revenue from Thailand.
75GF Score
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