Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Thai Plastic Industrial (1994) PCL's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 109.45%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
BKK:TPLAS's 3-Year ROIIC % is ranked better than 93.49% of 384
companies
in the Packaging & Containers industry
Industry Median: 1.2
vs BKK:TPLAS: 109.45
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.
Thai Plastic Industrial (1994) PCL 3-Year ROIIC % Related Terms
Thai Plastic Industrial (1994) 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.
BKK:TPLAS vs SW, PKG, IP: 3-Year ROIIC % Comparison
For the Packaging & Containers subindustry, Thai Plastic Industrial (1994) 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.
Thai Plastic Industrial (1994) PCL 3-Year ROIIC % vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thai Plastic Industrial (1994) PCL's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Thai Plastic Industrial (1994) PCL's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 8.871252 (Dec. 2025) - 31.905551 (Dec. 2022) )
/
( 274.827 (Dec. 2025) - 295.873 (Dec. 2022) )
=
-23.034299
/
-21.046
=
109.45%***
* 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.
Thai Plastic Industrial (1994) PCL (BKK:TPLAS) has a 3-Year ROIIC % of 109.45 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 Thai Plastic Industrial (1994) PCL and its competitors. This is 521% above median its historical median of 17.62. According to the industry distribution chart, Thai Plastic Industrial (1994) PCL ranks #25 out of 384 companies in the Packaging & Containers industry, placing it in the top 6.5%.
Is Thai Plastic Industrial (1994) PCL's 3-Year ROIIC % too high?
Thai Plastic Industrial (1994) PCL's current 3-Year ROIIC % of 109.45 is 521% above median its 10-year median of 17.62. The Packaging & Containers industry median 3-Year ROIIC % is 1.20. Thai Plastic Industrial (1994) PCL's value of 109.45 is 9020.8% above this industry median. Based on the distribution chart, Thai Plastic Industrial (1994) PCL ranks #25 out of 384 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Plastic Industrial (1994) PCL has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thai Plastic Industrial (1994) PCL's 3-Year ROIIC % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thai Plastic Industrial (1994) PCL ranks #25 out of 384 companies for 3-Year ROIIC %. This places Thai Plastic Industrial (1994) PCL in the top 7% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 1.20. Thai Plastic Industrial (1994) PCL's value of 109.45 is 9020.8% above this benchmark. While the company's 10-year median is 17.62 vs. the industry median of 1.20, Thai Plastic Industrial (1994) 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 Packaging & Containers company?
The median 3-Year ROIIC % among Packaging & Containers companies is 1.20, based on 384 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. Thai Plastic Industrial (1994) PCL's current 3-Year ROIIC % of 109.45 is 9020.8% 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 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 Thai Plastic Industrial (1994) PCL and its competitors. For the Packaging & Containers industry, the median 3-Year ROIIC % is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Plastic Industrial (1994) PCL's current 3-Year ROIIC % is 109.45, which is 521% above median its own 10-year median of 17.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Plastic Industrial (1994) PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Plastic Industrial (1994) PCL (BKK:TPLAS) is currently considered Fairly Valued. The stock's GF Value™ is ฿1.12, compared to a current price of ฿1.12 — trading right at its estimated fair value. The current 3-Year ROIIC % is 109.45, which is 521% above median its 10-year median of 17.62 and 9020.8% above the Packaging & Containers industry median of 1.20. Thai Plastic Industrial (1994) PCL's overall GF Score™ is 77/100 with 8 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 Thai Plastic Industrial (1994) PCL (BKK:TPLAS), the current 3-Year ROIIC % is 109.45 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 Thai Plastic Industrial (1994) PCL (BKK:TPLAS) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Plastic Industrial (1994) PCL stock appears to be undervalued.
The current stock price of ฿1.12 is trading 0% below its estimated GF Value™ of ฿1.12.
GuruFocus considers Thai Plastic Industrial (1994) PCL to be Fairly Valued.
Key valuation signals for BKK:TPLAS:
3-Year ROIIC %: 109.45 (521% above median its 10-year median of 17.62)
GF Value™: ฿1.12 vs. price of ฿1.12 (0% below fair value)
Industry Position: 9020.8% above the Packaging & Containers median (#25 of 384)
No single metric tells the full story. See the BKK:TPLAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Plastic Industrial (1994) PCL Business Description
Thai Plastic Industrial (1994) PCL is engaged in the manufacturing of food plastic bags, food plastic wrappers and food paper containers. Its products include High Density Polyethylene, POLY - PROPYLENE, Thin T-Shirt Bag, LL T-Shirt Bag, PP T-Shirt Bag, LL Beverage Bag, Flexible Straws, LDPE Clear Cold Storage bags, Food Containers beat box, Bowl Food Containers beat box, Thick T-Shirt Bag, PP Bag Side folding type, and POLY - VINYI CHLORIDE. It operates in single segment of manufacturing food plastic bags, food plastic wrappers and food paper containers and sell the products in Thailand.
77GF Score
Get the complete analysis for BKK:TPLAS
3-Year ROIIC % 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:TPLAS has been successfully added to your 
