Netbay PCLBKK:NETBAY +1.03%78 ROA % is 18.55% as of Mar. 2026, which is 28% below its 10-year median of 25.84. GuruFocus rates BKK:NETBAY with a GF Score™ of 78/100 and a GF Value™ of ฿21.57 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,883 Software companies, Netbay PCL ranks better than 98.16% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Netbay PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿134.6 Mil.
Netbay PCL's average Total Assets over the quarter that ended in Mar. 2026 was ฿725.7 Mil. Therefore, Netbay PCL's annualized ROA % for the quarter that ended in Mar. 2026 was 18.55%.
The historical rank and industry rank for Netbay PCL's ROA % or its related term are showing as below:
BKK:NETBAY'
s ROA % Range Over the Past 10 Years
Min: 23.12 Med: 25.84 Max: 35.61
Current: 31.26
During the past 11 years, Netbay PCL's highest ROA % was 35.61%. The lowest was 23.12%. And the median was 25.84%.
BKK:NETBAY's ROA % is ranked better than 98.16% of 2883
companies
in the Software industry
Industry Median: 1.68
vs BKK:NETBAY: 31.26
Netbay PCL (BKK:NETBAY) ROA % Explanation
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.
Netbay PCL ROA % Related Terms
Netbay PCL ROA % Historical Data
* Premium members only.
The historical data trend for Netbay 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 Software - Application subindustry, Netbay 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.
Netbay PCL ROA % vs Software Industry
For the Software industry and Technology sector, Netbay PCL's ROA % distribution charts can be found below:
* The bar in red indicates where Netbay 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.
Netbay PCL (BKK:NETBAY) has a ROA % of 18.55% 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 Netbay PCL and its competitors. This is 28% below median its historical median of 25.84. Over the past decade, Netbay PCL's ROA % has ranged from 23.12 to 35.61. According to the industry distribution chart, Netbay PCL ranks #53 out of 2883 companies in the Software industry, placing it in the top 1.8%.
Is Netbay PCL's ROA % too high?
Netbay PCL's current ROA % of 18.55% is 28% below median its 10-year median of 25.84. Over the past 10 years, this metric has ranged from a low of 23.12 to a high of 35.61. The Software industry median ROA % is 1.68. Netbay PCL's value of 18.55% is 1004.2% above this industry median. Based on the distribution chart, Netbay PCL ranks #53 out of 2883 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Netbay PCL has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netbay PCL's ROA % compare to CRM and SHOP?
According to the Software industry distribution chart, Netbay PCL ranks #53 out of 2883 companies for ROA %. This places Netbay PCL in the top 2% of its industry — outperforming the majority of peers. The industry median ROA % is 1.68. Netbay PCL's value of 18.55% is 1004.2% above this benchmark. Historically, Netbay PCL's own ROA % has ranged from 23.12 to 35.61 over the past decade. While the company's 10-year median is 25.84 vs. the industry median of 1.68, Netbay 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 a Software company?
The median ROA % among Software companies is 1.68, based on 2,883 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. Netbay PCL's current ROA % of 18.55% is 1004.2% 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 Netbay PCL and its competitors. For the Software industry, the median ROA % is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netbay PCL's current ROA % is 18.55%, which is 28% below median its own 10-year median of 25.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netbay PCL stock overvalued right now?
Based on GuruFocus' analysis, Netbay PCL (BKK:NETBAY) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿21.57, compared to a current price of ฿9.85 — trading 54.3% below its estimated fair value. The current ROA % is 18.55%, which is 28% below median its 10-year median of 25.84 and 1004.2% above the Software industry median of 1.68. Netbay PCL's overall GF Score™ is 78/100 with 3 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 Netbay PCL (BKK:NETBAY), the current ROA % is 18.55% 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 Netbay PCL (BKK:NETBAY) Overvalued in 2026?
Based on GuruFocus' analysis, Netbay PCL stock appears to be undervalued.
The current stock price of ฿9.85 is trading 54.3% below its estimated GF Value™ of ฿21.57.
GuruFocus considers Netbay PCL to be Significantly Undervalued.
Key valuation signals for BKK:NETBAY:
ROA %: 18.55% (28% below median its 10-year median of 25.84)
GF Value™: ฿21.57 vs. price of ฿9.85 (54.3% below fair value)
Industry Position: 1004.2% above the Software median (#53 of 2883)
No single metric tells the full story. See the BKK:NETBAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment.
78GF Score
Get the complete analysis for BKK:NETBAY
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:NETBAY has been successfully added to your 
