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Thaivivat Holdings PCLBKK:TVH 50 3-Year ROIIC % is 31.93 as of Dec. 2025, which is at its 10-year median of 31.93. GuruFocus rates BKK:TVH with a GF Score™ of 50/100 and a GF Value™ of ฿9.55 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 337 Insurance companies, Thaivivat Holdings PCL ranks better than 85.76% 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.
Thaivivat Holdings PCL's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 31.93%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Thaivivat Holdings PCL's 3-Year ROIIC % or its related term are showing as below:
BKK:TVH's 3-Year ROIIC % is ranked better than 85.76% of 337
companies
in the Insurance industry
Industry Median: 5.05
vs BKK:TVH: 31.93
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.
Thaivivat Holdings PCL 3-Year ROIIC % Related Terms
Thaivivat Holdings PCL 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Thaivivat 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.
BKK:TVH vs CB, PGR, TRV: 3-Year ROIIC % Comparison
For the Insurance - Property & Casualty subindustry, Thaivivat 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.
Thaivivat Holdings PCL 3-Year ROIIC % vs Insurance Industry
For the Insurance industry and Financial Services sector, Thaivivat Holdings PCL's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Thaivivat Holdings 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.
Thaivivat Holdings PCL (BKK:TVH) has a 3-Year ROIIC % of 31.93 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 Thaivivat Holdings PCL and its competitors. This is near median its historical median of 31.93. Over the past decade, Thaivivat Holdings PCL's 3-Year ROIIC % has ranged from 31.93 to 31.93. According to the industry distribution chart, Thaivivat Holdings PCL ranks #48 out of 337 companies in the Insurance industry, placing it in the top 14.2%.
Is Thaivivat Holdings PCL's 3-Year ROIIC % too high?
Thaivivat Holdings PCL's current 3-Year ROIIC % of 31.93 is near median its 10-year median of 31.93. Over the past 10 years, this metric has ranged from a low of 31.93 to a high of 31.93. The Insurance industry median 3-Year ROIIC % is 5.05. Thaivivat Holdings PCL's value of 31.93 is 532.3% above this industry median. Based on the distribution chart, Thaivivat Holdings PCL ranks #48 out of 337 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Thaivivat Holdings PCL has a GF Score™ of 50/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thaivivat Holdings PCL's 3-Year ROIIC % compare to CB and PGR?
According to the Insurance industry distribution chart, Thaivivat Holdings PCL ranks #48 out of 337 companies for 3-Year ROIIC %. This places Thaivivat Holdings PCL in the top 14% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 5.05. Thaivivat Holdings PCL's value of 31.93 is 532.3% above this benchmark. Historically, Thaivivat Holdings PCL's own 3-Year ROIIC % has ranged from 31.93 to 31.93 over the past decade. While the company's 10-year median is 31.93 vs. the industry median of 5.05, Thaivivat Holdings 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 an Insurance company?
The median 3-Year ROIIC % among Insurance companies is 5.05, based on 337 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. Thaivivat Holdings PCL's current 3-Year ROIIC % of 31.93 is 532.3% 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 Thaivivat Holdings PCL and its competitors. For the Insurance industry, the median 3-Year ROIIC % is 5.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thaivivat Holdings PCL's current 3-Year ROIIC % is 31.93, which is near median its own 10-year median of 31.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thaivivat Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, Thaivivat Holdings PCL (BKK:TVH) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿9.55, compared to a current price of ฿11.90 — trading 24.6% above its estimated fair value. The current 3-Year ROIIC % is 31.93, which is near median its 10-year median of 31.93 and 532.3% above the Insurance industry median of 5.05. Thaivivat Holdings PCL's overall GF Score™ is 50/100 with 5 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 Thaivivat Holdings PCL (BKK:TVH), the current 3-Year ROIIC % is 31.93 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 Thaivivat Holdings PCL (BKK:TVH) Overvalued in 2026?
Based on GuruFocus' analysis, Thaivivat Holdings PCL stock appears to be overvalued.
The current stock price of ฿11.90 is trading 24.6% above its estimated GF Value™ of ฿9.55.
GuruFocus considers Thaivivat Holdings PCL to be Modestly Overvalued.
Key valuation signals for BKK:TVH:
3-Year ROIIC %: 31.93 (near median its 10-year median of 31.93)
GF Value™: ฿9.55 vs. price of ฿11.90 (24.6% above fair value)
Industry Position: 532.3% above the Insurance median (#48 of 337)
No single metric tells the full story. See the BKK:TVH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thaivivat Holdings PCL is a Thailand-based company, which is engaged in investment in other companies. The Group is organised into business units based on its nature of business and have four principal business segments: (1) Non-life insurance business, (2) Investment business (3) Service business and (4) Investment property. The Company is engaged in the core business of holding shares in other companies with the core business being the insurance business consisting of the non-life insurance business in Thailand, the insurance business in overseas and the insurance supported business. Its insurance business includes motor insurance, fire insurance, marine and transportation insurance, and miscellaneous insurance.
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