TVD Holdings PCL (BKK:TVDH) 3-Year ROIIC % : -35.61% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

What is TVD Holdings PCL 3-Year ROIIC %?

TVD Holdings PCL BKK:TVDH -16.67% 3-Year ROIIC % is -35.61 as of Dec. 2025. The stock has 2 warning signs investors should review. Among 1,062 Retail - Cyclical companies, TVD Holdings PCL ranks worse than 85.12% 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. TVD Holdings PCL's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -35.61%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for TVD Holdings PCL's 3-Year ROIIC % or its related term are showing as below:

BKK:TVDH's 3-Year ROIIC % is ranked worse than
85.12% of 1062 companies
in the Retail - Cyclical industry
Industry Median: 4.015 vs BKK:TVDH: -35.61

TVD Holdings PCL  (BKK:TVDH) 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.


TVD Holdings PCL 3-Year ROIIC % Related Terms


TVD Holdings PCL 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for TVD Holdings 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.

TVD Holdings PCL 3-Year ROIIC % Chart

TVD Holdings PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -90.54 -42.82 -46.04 86.63 -35.61

TVD Holdings PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 -35.61 0.00

BKK:TVDH vs AMZN, BABA, PDD: 3-Year ROIIC % Comparison

For the Internet Retail subindustry, TVD Holdings 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.


TVD Holdings PCL 3-Year ROIIC % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, TVD Holdings PCL's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where TVD Holdings PCL's 3-Year ROIIC % falls into.



TVD Holdings PCL 3-Year ROIIC % Calculation

TVD Holdings 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**
=( -136.726842 (Dec. 2025) - -403.476416 (Dec. 2022) )/( 880.685 (Dec. 2025) - 1629.843 (Dec. 2022) )
=266.749574/-749.158
=-35.61%***

* 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.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of -35.61 mean?
TVD Holdings PCL (BKK:TVDH) has a 3-Year ROIIC % of -35.61 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 TVD Holdings PCL and its competitors. According to the industry distribution chart, TVD Holdings PCL ranks #904 out of 1062 companies in the Retail - Cyclical industry, placing it in the top 85.1%.
Is TVD Holdings PCL's 3-Year ROIIC % too high?
TVD Holdings PCL's current 3-Year ROIIC % is -35.61. Based on the distribution chart, TVD Holdings PCL ranks #904 out of 1062 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers.
How does TVD Holdings PCL's 3-Year ROIIC % compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, TVD Holdings PCL ranks #904 out of 1062 companies for 3-Year ROIIC %. This places TVD Holdings PCL in the lower half of its industry. The industry median 3-Year ROIIC % is 4.02. 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 Retail - Cyclical company?
The median 3-Year ROIIC % among Retail - Cyclical companies is 4.02, based on 1,062 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 TVD Holdings PCL and its competitors. For the Retail - Cyclical industry, the median 3-Year ROIIC % is 4.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TVD Holdings PCL's current 3-Year ROIIC % is -35.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TVD Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, TVD Holdings PCL (BKK:TVDH) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.10, compared to a current price of ฿0.05 — trading 50% below its estimated fair value. The current 3-Year ROIIC % is -35.61. 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 TVD Holdings PCL (BKK:TVDH), the current 3-Year ROIIC % is -35.61 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.

TVD Holdings PCL Business Description

Address 25 Watcharaphol Road, Tha-Raeng Sub-district, Bang Khen District, Bangkok, THA, 10230
TVD Holdings PCL is engaged in the sales of goods and services through various marketing channels, including providing and producing TV programs, and selling air time for advertising. The company operates in various business segments that include: Selling products: offering products to consumers via 24-hour home shopping television, digital TV and online media, Provide secured loans: Engaging in lending business, providing loans with movable or immovable property as collateral Investment: Investing in fiber optic distribution projects and investing in foreign securities, Television media: Providing satellite signal channels and broadcasting time, Services: Providing services of departments and other services. The majority of its revenue is generated from the selling products segment.