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Bualuang Office Leasehold REITBKK:B-WORK 63 ROA % is 7.40% as of Mar. 2026, which is 29% above its 10-year median of 5.72. GuruFocus rates BKK:B-WORK with a GF Score™ of 63/100 and a GF Value™ of ฿3.89 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 925 REITs companies, Bualuang Office Leasehold REIT ranks better than 73.41% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Bualuang Office Leasehold REIT's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿313.9 Mil.
Bualuang Office Leasehold REIT's average Total Assets over the quarter that ended in Mar. 2026 was ฿4,241.3 Mil. Therefore, Bualuang Office Leasehold REIT's annualized ROA % for the quarter that ended in Mar. 2026 was 7.40%.
The historical rank and industry rank for Bualuang Office Leasehold REIT's ROA % or its related term are showing as below:
BKK:B-WORK'
s ROA % Range Over the Past 10 Years
Min: -3.01 Med: 5.72 Max: 8.8
Current: 6.02
During the past 8 years, Bualuang Office Leasehold REIT's highest ROA % was 8.80%. The lowest was -3.01%. And the median was 5.72%.
BKK:B-WORK's ROA % is ranked better than 73.41% of 925
companies
in the REITs industry
Industry Median: 3.24
vs BKK:B-WORK: 6.02
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Bualuang Office Leasehold REIT ROA % Related Terms
Bualuang Office Leasehold REIT ROA % Historical Data
* 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 REIT - Office subindustry, Bualuang Office Leasehold REIT's ROA %, along with its competitors' market caps and ROA % 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.
Bualuang Office Leasehold REIT ROA % vs REITs Industry
For the REITs industry and Real Estate sector, Bualuang Office Leasehold REIT's ROA % distribution charts can be found below:
* The bar in red indicates where Bualuang Office Leasehold REIT's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Bualuang Office Leasehold REIT (BKK:B-WORK) has a ROA % of 7.40% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Bualuang Office Leasehold REIT and its competitors. This is 29% above median its historical median of 5.72. According to the industry distribution chart, Bualuang Office Leasehold REIT ranks #246 out of 925 companies in the REITs industry, placing it in the top 26.6%.
Is Bualuang Office Leasehold REIT's ROA % too high?
Bualuang Office Leasehold REIT's current ROA % of 7.40% is 29% above median its 10-year median of 5.72. The REITs industry median ROA % is 3.24. Bualuang Office Leasehold REIT's value of 7.40% is 128.4% above this industry median. Based on the distribution chart, Bualuang Office Leasehold REIT ranks #246 out of 925 companies in the REITs industry, which is above the industry midpoint. Overall, Bualuang Office Leasehold REIT has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bualuang Office Leasehold REIT's ROA % compare to BXP and ARE?
According to the REITs industry distribution chart, Bualuang Office Leasehold REIT ranks #246 out of 925 companies for ROA %. This puts Bualuang Office Leasehold REIT in the upper half of its industry. The industry median ROA % is 3.24. Bualuang Office Leasehold REIT's value of 7.40% is 128.4% above this benchmark. While the company's 10-year median is 5.72 vs. the industry median of 3.24, Bualuang Office Leasehold REIT 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 ROA % for a REITs company?
The median ROA % among REITs companies is 3.24, based on 925 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bualuang Office Leasehold REIT's current ROA % of 7.40% is 128.4% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Bualuang Office Leasehold REIT and its competitors. For the REITs industry, the median ROA % is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bualuang Office Leasehold REIT's current ROA % is 7.40%, which is 29% above median its own 10-year median of 5.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bualuang Office Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Bualuang Office Leasehold REIT (BKK:B-WORK) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿3.89, compared to a current price of ฿6.55 — trading 68.4% above its estimated fair value. The current ROA % is 7.40%, which is 29% above median its 10-year median of 5.72 and 128.4% above the REITs industry median of 3.24. Bualuang Office Leasehold REIT's overall GF Score™ is 63/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Bualuang Office Leasehold REIT (BKK:B-WORK), the current ROA % is 7.40% as of Mar. 2026. 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 Bualuang Office Leasehold REIT (BKK:B-WORK) Overvalued in 2026?
Based on GuruFocus' analysis, Bualuang Office Leasehold REIT stock appears to be overvalued.
The current stock price of ฿6.55 is trading 68.4% above its estimated GF Value™ of ฿3.89.
GuruFocus considers Bualuang Office Leasehold REIT to be Significantly Overvalued.
Key valuation signals for BKK:B-WORK:
ROA %: 7.40% (29% above median its 10-year median of 5.72)
GF Value™: ฿3.89 vs. price of ฿6.55 (68.4% above fair value)
Industry Position: 128.4% above the REITs median (#246 of 925)
No single metric tells the full story. See the BKK:B-WORK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bualuang Office Leasehold REIT is an investment company. The Trust's objectives are to raise funds from investors and use funds to invest in the leasehold properties by lease and/ or sublease under 2 projects as follows: 1. True Tower 1 Project and 2. True Tower 2 Project. The Trust's main operations are derived from rental and service income from investing in properties and leasehold rights, seeking the benefits from properties, and properties for rent. The Trust has only one geographical segment that operates only in Thailand.
63GF Score
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