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Banpu PCLBKK:BANPU +25.83%81 ROA % is 26.52% as of Mar. 2026, which is 291% above its 10-year median of 6.78. GuruFocus rates BKK:BANPU with a GF Score™ of 81/100 and a GF Value™ of ฿11.77 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 454 Utilities - Independent Power Producers companies, Banpu PCL ranks better than 90.31% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Banpu PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿23,508 Mil.
Banpu PCL's average Total Assets over the quarter that ended in Mar. 2026 was ฿88,648 Mil. Therefore, Banpu PCL's annualized ROA % for the quarter that ended in Mar. 2026 was 26.52%.
The historical rank and industry rank for Banpu PCL's ROA % or its related term are showing as below:
BKK:BANPU'
s ROA % Range Over the Past 10 Years
Min: 1.78 Med: 6.78 Max: 11.47
Current: 8.92
During the past 13 years, Banpu PCL's highest ROA % was 11.47%. The lowest was 1.78%. And the median was 6.78%.
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.
Banpu PCL ROA % Related Terms
Banpu PCL ROA % Historical Data
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The historical data trend for Banpu PCL's ROA % 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 Utilities - Independent Power Producers subindustry, Banpu PCL'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.
Banpu PCL ROA % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Banpu PCL's ROA % distribution charts can be found below:
* The bar in red indicates where Banpu PCL'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.
Banpu PCL (BKK:BANPU) has a ROA % of 26.52% 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 Banpu PCL and its competitors. This is 291% above median its historical median of 6.78. Over the past decade, Banpu PCL's ROA % has ranged from 1.78 to 11.47. According to the industry distribution chart, Banpu PCL ranks #44 out of 454 companies in the Utilities - Independent Power Producers industry, placing it in the top 9.7%.
Is Banpu PCL's ROA % too high?
Banpu PCL's current ROA % of 26.52% is 291% above median its 10-year median of 6.78. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 11.47. The Utilities - Independent Power Producers industry median ROA % is 1.09. Banpu PCL's value of 26.52% is 2344.2% above this industry median. Based on the distribution chart, Banpu PCL ranks #44 out of 454 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Banpu PCL has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banpu PCL's ROA % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Banpu PCL ranks #44 out of 454 companies for ROA %. This places Banpu PCL in the top 10% of its industry — outperforming the majority of peers. The industry median ROA % is 1.09. Banpu PCL's value of 26.52% is 2344.2% above this benchmark. Historically, Banpu PCL's own ROA % has ranged from 1.78 to 11.47 over the past decade. While the company's 10-year median is 6.78 vs. the industry median of 1.09, Banpu 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 ROA % for an Utilities - Independent Power Producers company?
The median ROA % among Utilities - Independent Power Producers companies is 1.09, based on 454 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. Banpu PCL's current ROA % of 26.52% is 2344.2% 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 Banpu PCL and its competitors. For the Utilities - Independent Power Producers industry, the median ROA % is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banpu PCL's current ROA % is 26.52%, which is 291% above median its own 10-year median of 6.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banpu PCL stock overvalued right now?
Based on GuruFocus' analysis, Banpu PCL (BKK:BANPU) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿11.77, compared to a current price of ฿15.10 — trading 28.3% above its estimated fair value. The current ROA % is 26.52%, which is 291% above median its 10-year median of 6.78 and 2344.2% above the Utilities - Independent Power Producers industry median of 1.09. Banpu PCL's overall GF Score™ is 81/100 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 Banpu PCL (BKK:BANPU), the current ROA % is 26.52% 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 Banpu PCL (BKK:BANPU) Overvalued in 2026?
Based on GuruFocus' analysis, Banpu PCL stock appears to be overvalued.
The current stock price of ฿15.10 is trading 28.3% above its estimated GF Value™ of ฿11.77.
GuruFocus considers Banpu PCL to be Modestly Overvalued.
Key valuation signals for BKK:BANPU:
ROA %: 26.52% (291% above median its 10-year median of 6.78)
GF Value™: ฿11.77 vs. price of ฿15.10 (28.3% above fair value)
Industry Position: 2344.2% above the Utilities - Independent Power Producers median (#44 of 454)
No single metric tells the full story. See the BKK:BANPU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banpu Power PCL is engaged in investments in power businesses in Thailand and overseas. The business activities of the group include the generation and sale of electricity and other related business. The company's business segments include Power+: Power generation from thermal and renewable energy sources, both domestically and internationally. Second segment being Future Tech: Battery energy storage systems, solar rooftop and floating solar systems, battery production, energy trading, e-mobility, and energy efficiency businesses. Geographically, the company has its presence in the United States which is the key revenue driver, China, and other regions.
81GF Score
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