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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.
Trinity Freehold And Leasehold Property Fund's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 188.77%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Trinity Freehold And Leasehold Property Fund (BKK:TNPF-F) 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.
Trinity Freehold And Leasehold Property Fund 3-Year ROIIC % Related Terms
Trinity Freehold And Leasehold Property Fund 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.
Trinity Freehold And Leasehold Property Fund 3-Year ROIIC % Chart
Trinity Freehold And Leasehold Property Fund Annual Data
BKK:TNPF-F vs SPG, O, KIM: 3-Year ROIIC % Comparison
For the REIT - Retail subindustry, Trinity Freehold And Leasehold Property Fund'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.
Trinity Freehold And Leasehold Property Fund 3-Year ROIIC % vs REITs Industry
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 9.508 (Dec. 2025) - -2.611 (Dec. 2022) )
/
( 867.498 (Dec. 2025) - 861.078 (Dec. 2022) )
=
12.119
/
6.42
=
188.77%***
* 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.
Trinity Freehold And Leasehold Property Fund (BKK:TNPF-F) has a 3-Year ROIIC % of 188.77 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 Trinity Freehold And Leasehold Property Fund and its competitors. This is 729% above median its historical median of 22.78.
Is Trinity Freehold And Leasehold Property Fund's 3-Year ROIIC % too high?
Trinity Freehold And Leasehold Property Fund's current 3-Year ROIIC % of 188.77 is 729% above median its 10-year median of 22.78. The REITs industry median 3-Year ROIIC % is 3.51. Trinity Freehold And Leasehold Property Fund's value of 188.77 is 5285.7% above this industry median. Overall, Trinity Freehold And Leasehold Property Fund has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Trinity Freehold And Leasehold Property Fund's 3-Year ROIIC % compare to SPG and O?
Trinity Freehold And Leasehold Property Fund's 3-Year ROIIC % of 188.77 can be compared against companies in the REITs industry. The industry median 3-Year ROIIC % is 3.51. Trinity Freehold And Leasehold Property Fund's value of 188.77 is 5285.7% above this benchmark. While the company's 10-year median is 22.78 vs. the industry median of 3.51, Trinity Freehold And Leasehold Property Fund 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 REITs company?
The median 3-Year ROIIC % among REITs companies is 3.51, based on 678 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. Trinity Freehold And Leasehold Property Fund's current 3-Year ROIIC % of 188.77 is 5285.7% 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 Trinity Freehold And Leasehold Property Fund and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trinity Freehold And Leasehold Property Fund's current 3-Year ROIIC % is 188.77, which is 729% above median its own 10-year median of 22.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trinity Freehold And Leasehold Property Fund stock overvalued right now?
Trinity Freehold And Leasehold Property Fund (BKK:TNPF-F) has a current 3-Year ROIIC % of 188.77. The stock's GF Value™ is ฿2.71, compared to a current price of ฿1.96 — trading 27.7% below its estimated fair value. The current 3-Year ROIIC % is 188.77, which is 729% above median its 10-year median of 22.78 and 5285.7% above the REITs industry median of 3.51. Trinity Freehold And Leasehold Property Fund's overall GF Score™ is 57/100 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 Trinity Freehold And Leasehold Property Fund (BKK:TNPF-F), the current 3-Year ROIIC % is 188.77 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 Trinity Freehold And Leasehold Property Fund (BKK:TNPF-F) Overvalued in 2026?
Based on GuruFocus' analysis, Trinity Freehold And Leasehold Property Fund stock appears to be undervalued.
The current stock price of ฿1.96 is trading 27.7% below its estimated GF Value™ of ฿2.71.
Key valuation signals for BKK:TNPF-F:
3-Year ROIIC %: 188.77 (729% above median its 10-year median of 22.78)
GF Value™: ฿2.71 vs. price of ฿1.96 (27.7% below fair value)
No single metric tells the full story. See the BKK:TNPF-F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trinity Freehold And Leasehold Property Fund engages in real estate investments. The objective of the Fund is to raise funds from general investors, both local and foreign individual and juristic person. The fund will use such funds to purchase, lease and/or sub-lease immovable property. Its property portfolio includes serviced apartment, hotel and shopping center.
57GF Score
Get the complete analysis for BKK:TNPF-F
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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