Bangkok Airways PCL (FRA:8BA) 3-Year ROIIC % : -26.13% (As of Dec. 2025)


FRA:8BA Bangkok Airways PCL FRA:8BA
67 GF Score
Price €0.47
GF Value €0.48
! 10 Warning Signs
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What is Bangkok Airways PCL 3-Year ROIIC %?

Bangkok Airways PCL FRA:8BA +5.43% 67 3-Year ROIIC % is -26.13 as of Dec. 2025. GuruFocus rates FRA:8BA with a GF Score™ of 67/100 and a GF Value™ of €0.48. The stock has 10 warning signs investors should review. Among 939 Transportation companies, Bangkok Airways PCL ranks worse than 81.47% 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. Bangkok Airways PCL's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -26.13%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

FRA:8BA's 3-Year ROIIC % is ranked worse than
81.47% of 939 companies
in the Transportation industry
Industry Median: 1.97 vs FRA:8BA: -26.13

Bangkok Airways PCL  (FRA:8BA) 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.


Bangkok Airways PCL 3-Year ROIIC % Related Terms


Bangkok Airways PCL 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Bangkok Airways 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.

Bangkok Airways PCL 3-Year ROIIC % Chart

Bangkok Airways 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 -27.11 -6.34 -90.73 -37.92 -26.13

Bangkok Airways 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 -26.13 0.00

FRA:8BA vs DAL, UAL, LUV: 3-Year ROIIC % Comparison

For the Airlines subindustry, Bangkok Airways 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.


Bangkok Airways PCL 3-Year ROIIC % vs Transportation Industry

For the Transportation industry and Industrials sector, Bangkok Airways PCL's 3-Year ROIIC % distribution charts can be found below:

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


FRA:8BA
67GF Score
Bangkok Airways PCL FRA:8BA
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Bangkok Airways PCL 3-Year ROIIC % Calculation

Bangkok Airways 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**
=( 111.9180708 (Dec. 2025) - -38.177 (Dec. 2022) )/( 1291.287 (Dec. 2025) - 1872.341 (Dec. 2022) )
=150.0950708/-581.054
=-25.83%***

* 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 -26.13 mean?
Bangkok Airways PCL (FRA:8BA) has a 3-Year ROIIC % of -26.13 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 Bangkok Airways PCL and its competitors. According to the industry distribution chart, Bangkok Airways PCL ranks #765 out of 939 companies in the Transportation industry, placing it in the top 81.5%.
Is Bangkok Airways PCL's 3-Year ROIIC % too high?
Bangkok Airways PCL's current 3-Year ROIIC % is -26.13. Based on the distribution chart, Bangkok Airways PCL ranks #765 out of 939 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Bangkok Airways PCL has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Bangkok Airways PCL's 3-Year ROIIC % compare to DAL and UAL?
According to the Transportation industry distribution chart, Bangkok Airways PCL ranks #765 out of 939 companies for 3-Year ROIIC %. This places Bangkok Airways PCL in the lower half of its industry. The industry median 3-Year ROIIC % is 1.97. 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 Transportation company?
The median 3-Year ROIIC % among Transportation companies is 1.97, based on 939 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 Bangkok Airways PCL and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangkok Airways PCL's current 3-Year ROIIC % is -26.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Airways PCL stock overvalued right now?
Bangkok Airways PCL (FRA:8BA) has a current 3-Year ROIIC % of -26.13. The stock's GF Value™ is €0.48, compared to a current price of €0.47 — trading 2.9% below its estimated fair value. The current 3-Year ROIIC % is -26.13. Bangkok Airways PCL's overall GF Score™ is 67/100 with 10 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 Bangkok Airways PCL (FRA:8BA), the current 3-Year ROIIC % is -26.13 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 Bangkok Airways PCL (FRA:8BA) Overvalued in 2026?

Based on GuruFocus' analysis, Bangkok Airways PCL stock appears to be undervalued. The current stock price of €0.47 is trading 2.9% below its estimated GF Value™ of €0.48.

Key valuation signals for FRA:8BA:

  • 3-Year ROIIC %: -26.13
  • GF Value™: €0.48 vs. price of €0.47 (2.9% below fair value)
  • GF Score™: 67/100 with 10 warning signs

No single metric tells the full story. See the FRA:8BA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bangkok Airways PCL Business Description

Other Exchanges BA:Thailand
Address 99 Moo 14, Vibhavadirangsit Road, Chom Phon, Chatuchak, Bangkok, THA, 10900
Bangkok Airways PCL is principally engaged in the provision of air transportation and airport services. It operates in three segments; The airline segment sells tickets and provides services to passengers, the airport segment provides location services for passengers and airlines, and the supporting airline business segment, which provides ground handling, cargo, and catering services for airlines and customers. The majority of its revenue is from the Airline segment. It mainly operates in Thailand.
67GF Score

Get the complete analysis for FRA:8BA

3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.47
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€0.48
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