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.
Trc Construction PCLBKK:TRC 28 3-Year ROIIC % is -105.86 as of Dec. 2025. GuruFocus rates BKK:TRC with a GF Score™ of 28/100 and a GF Value™ of ฿0.31 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,691 Construction companies, Trc Construction PCL ranks worse than 93.61% 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.
Trc Construction PCL's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -105.86%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Trc Construction PCL's 3-Year ROIIC % or its related term are showing as below:
BKK:TRC's 3-Year ROIIC % is ranked worse than 93.61% of 1691
companies
in the Construction industry
Industry Median: 4.63
vs BKK:TRC: -105.86
Trc Construction PCL (BKK:TRC) 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.
Trc Construction PCL 3-Year ROIIC % Related Terms
Trc Construction PCL 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Trc Construction 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:TRC vs PWR, FIX, EME: 3-Year ROIIC % Comparison
For the Engineering & Construction subindustry, Trc Construction 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.
Trc Construction PCL 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, Trc Construction PCL's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Trc Construction PCL's 3-Year ROIIC % falls into.
Trc Construction 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**
=
( -214.42 (Dec. 2025) - -7.243 (Dec. 2022) )
/
( 2703.972 (Dec. 2025) - 2508.27 (Dec. 2022) )
=
-207.177
/
195.702
=
-105.86%***
* 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.
Trc Construction PCL (BKK:TRC) has a 3-Year ROIIC % of -105.86 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 Trc Construction PCL and its competitors. According to the industry distribution chart, Trc Construction PCL ranks #1583 out of 1691 companies in the Construction industry, placing it in the top 93.6%.
Is Trc Construction PCL's 3-Year ROIIC % too high?
Trc Construction PCL's current 3-Year ROIIC % is -105.86. Based on the distribution chart, Trc Construction PCL ranks #1583 out of 1691 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Trc Construction PCL has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Trc Construction PCL's 3-Year ROIIC % compare to PWR and FIX?
According to the Construction industry distribution chart, Trc Construction PCL ranks #1583 out of 1691 companies for 3-Year ROIIC %. This places Trc Construction PCL in the lower half of its industry. The industry median 3-Year ROIIC % is 4.63. 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 Construction company?
The median 3-Year ROIIC % among Construction companies is 4.63, based on 1,691 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. 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 Trc Construction PCL and its competitors. For the Construction industry, the median 3-Year ROIIC % is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trc Construction PCL's current 3-Year ROIIC % is -105.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trc Construction PCL stock overvalued right now?
Based on GuruFocus' analysis, Trc Construction PCL (BKK:TRC) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.31, compared to a current price of ฿0.56 — trading 80.6% above its estimated fair value. The current 3-Year ROIIC % is -105.86. Trc Construction PCL's overall GF Score™ is 28/100 with 6 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 Trc Construction PCL (BKK:TRC), the current 3-Year ROIIC % is -105.86 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 Trc Construction PCL (BKK:TRC) Overvalued in 2026?
Based on GuruFocus' analysis, Trc Construction PCL stock appears to be overvalued.
The current stock price of ฿0.56 is trading 80.6% above its estimated GF Value™ of ฿0.31.
GuruFocus considers Trc Construction PCL to be Significantly Overvalued.
Key valuation signals for BKK:TRC:
3-Year ROIIC %: -105.86
GF Value™: ฿0.31 vs. price of ฿0.56 (80.6% above fair value)
No single metric tells the full story. See the BKK:TRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trc Construction PCL is engaged in the construction business. It offers engineering design, procurement, construction, project management and maintenance services. The Group is organized into business units based on its products and services and have four reportable segments as follows: Pipeline System Construction segment, Civil Work Construction segment, Engineering System installation and factory construction for energy and petrochemical business segment, and Sales and Other Services. The Civil Work Segment derives maximum revenue. Geographically, it operates only in Thailand.
28GF Score
Get the complete analysis for BKK:TRC
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:TRC has been successfully added to your 
