Thai BeverageTBVPF 60 3-Year ROIIC % is -69.56 as of Sep. 2025. GuruFocus rates TBVPF with a GF Score™ of 60/100 and a GF Value™ of $0.40 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 200 Beverages - Alcoholic companies, Thai Beverage ranks worse than 90.5% 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.
Thai Beverage's 3-Year ROIIC % for the quarter that ended in Sep. 2025 was -69.56%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Thai Beverage's 3-Year ROIIC % or its related term are showing as below:
TBVPF's 3-Year ROIIC % is ranked worse than 90.5% of 200
companies
in the Beverages - Alcoholic industry
Industry Median: 1.05
vs TBVPF: -69.56
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 Beverage 3-Year ROIIC % Related Terms
Thai Beverage 3-Year ROIIC % Historical Data
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The historical data trend for Thai Beverage'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.
For the Beverages - Wineries & Distilleries subindustry, Thai Beverage'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 Beverage 3-Year ROIIC % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Thai Beverage's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Thai Beverage'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.
Thai Beverage (TBVPF) has a 3-Year ROIIC % of -69.56 as of Sep. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Thai Beverage and its competitors. According to the industry distribution chart, Thai Beverage ranks #181 out of 200 companies in the Beverages - Alcoholic industry, placing it in the top 90.5%.
Is Thai Beverage's 3-Year ROIIC % too high?
Thai Beverage's current 3-Year ROIIC % is -69.56. Based on the distribution chart, Thai Beverage ranks #181 out of 200 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Thai Beverage has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Beverage's 3-Year ROIIC % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Thai Beverage ranks #181 out of 200 companies for 3-Year ROIIC %. This places Thai Beverage in the lower half of its industry. The industry median 3-Year ROIIC % is 1.05. 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 Beverages - Alcoholic company?
The median 3-Year ROIIC % among Beverages - Alcoholic companies is 1.05, based on 200 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 Thai Beverage and its competitors. For the Beverages - Alcoholic industry, the median 3-Year ROIIC % is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Beverage's current 3-Year ROIIC % is -69.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Beverage stock overvalued right now?
Based on GuruFocus' analysis, Thai Beverage (TBVPF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.40, compared to a current price of $0.34 — trading 16.1% below its estimated fair value. The current 3-Year ROIIC % is -69.56. Thai Beverage's overall GF Score™ is 60/100 with 3 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 Beverage (TBVPF), the current 3-Year ROIIC % is -69.56 as of Sep. 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 Beverage (TBVPF) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Beverage stock appears to be undervalued.
The current stock price of $0.34 is trading 16.1% below its estimated GF Value™ of $0.40.
GuruFocus considers Thai Beverage to be Modestly Undervalued.
Key valuation signals for TBVPF:
3-Year ROIIC %: -69.56
GF Value™: $0.40 vs. price of $0.34 (16.1% below fair value)
No single metric tells the full story. See the TBVPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Beverage PLC is a Thailand-based company engaged in producing and distributing alcoholic and non-alcoholic beverages and food. The company's operating segments include Spirits; production and sales of branded spirits products and soda. Beer: production and sales of raw materials, branded beer products, Chang soda and Chang water. Non-alcoholic beverages: production and sales of branded water, ready-to-drink coffee, energy drink, green tea, fruit flavored drinks and dairy products. Food: restaurants and distribution of food and beverages; and Others: publishing and printing. Key revenue is generated from Beer. It operates in Thailand, which generates the majority of revenue, Vietnam, Malaysia, Myanmar, Singapore and others.
60GF Score
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