Polynet PCLBKK:POLY -1.46%84 ROA % is 18.34% as of Mar. 2026, which is 59% above its 10-year median of 11.54. GuruFocus rates BKK:POLY with a GF Score™ of 84/100 and a GF Value™ of ฿8.98 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 3,075 Industrial Products companies, Polynet PCL ranks better than 96.75% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Polynet PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿288 Mil.
Polynet PCL's average Total Assets over the quarter that ended in Mar. 2026 was ฿1,568 Mil. Therefore, Polynet PCL's annualized ROA % for the quarter that ended in Mar. 2026 was 18.34%.
The historical rank and industry rank for Polynet PCL's ROA % or its related term are showing as below:
BKK:POLY'
s ROA % Range Over the Past 10 Years
Min: 2.31 Med: 11.54 Max: 17.69
Current: 16.96
During the past 6 years, Polynet PCL's highest ROA % was 17.69%. The lowest was 2.31%. And the median was 11.54%.
BKK:POLY's ROA % is ranked better than 96.75% of 3075
companies
in the Industrial Products industry
Industry Median: 3.05
vs BKK:POLY: 16.96
Polynet PCL (BKK:POLY) 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.
Polynet PCL ROA % Related Terms
Polynet PCL ROA % Historical Data
* Premium members only.
The historical data trend for Polynet 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 Metal Fabrication subindustry, Polynet 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.
Polynet PCL ROA % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Polynet PCL's ROA % distribution charts can be found below:
* The bar in red indicates where Polynet 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.
Polynet PCL (BKK:POLY) has a ROA % of 18.34% 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 Polynet PCL and its competitors. This is 59% above median its historical median of 11.54. Over the past decade, Polynet PCL's ROA % has ranged from 2.31 to 17.69. According to the industry distribution chart, Polynet PCL ranks #100 out of 3075 companies in the Industrial Products industry, placing it in the top 3.3%.
Is Polynet PCL's ROA % too high?
Polynet PCL's current ROA % of 18.34% is 59% above median its 10-year median of 11.54. Over the past 10 years, this metric has ranged from a low of 2.31 to a high of 17.69. The Industrial Products industry median ROA % is 3.05. Polynet PCL's value of 18.34% is 501.3% above this industry median. Based on the distribution chart, Polynet PCL ranks #100 out of 3075 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Polynet PCL has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Polynet PCL's ROA % compare to ATI and CRS?
According to the Industrial Products industry distribution chart, Polynet PCL ranks #100 out of 3075 companies for ROA %. This places Polynet PCL in the top 3% of its industry — outperforming the majority of peers. The industry median ROA % is 3.05. Polynet PCL's value of 18.34% is 501.3% above this benchmark. Historically, Polynet PCL's own ROA % has ranged from 2.31 to 17.69 over the past decade. While the company's 10-year median is 11.54 vs. the industry median of 3.05, Polynet 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 Industrial Products company?
The median ROA % among Industrial Products companies is 3.05, based on 3,075 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. Polynet PCL's current ROA % of 18.34% is 501.3% 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 Polynet PCL and its competitors. For the Industrial Products industry, the median ROA % is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polynet PCL's current ROA % is 18.34%, which is 59% above median its own 10-year median of 11.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polynet PCL stock overvalued right now?
Based on GuruFocus' analysis, Polynet PCL (BKK:POLY) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿8.98, compared to a current price of ฿6.75 — trading 24.8% below its estimated fair value. The current ROA % is 18.34%, which is 59% above median its 10-year median of 11.54 and 501.3% above the Industrial Products industry median of 3.05. Polynet PCL's overall GF Score™ is 84/100 with 2 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 Polynet PCL (BKK:POLY), the current ROA % is 18.34% 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 Polynet PCL (BKK:POLY) Overvalued in 2026?
Based on GuruFocus' analysis, Polynet PCL stock appears to be undervalued.
The current stock price of ฿6.75 is trading 24.8% below its estimated GF Value™ of ฿8.98.
GuruFocus considers Polynet PCL to be Modestly Undervalued.
Key valuation signals for BKK:POLY:
ROA %: 18.34% (59% above median its 10-year median of 11.54)
GF Value™: ฿8.98 vs. price of ฿6.75 (24.8% below fair value)
Industry Position: 501.3% above the Industrial Products median (#100 of 3075)
No single metric tells the full story. See the BKK:POLY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polynet PCL is engaged in the forming, manufacturing and distributing of products related to rubber, plastic, silicone, and molds for the automotive industry, medical tools and equipment, and consumer products. The company generates majority of its revenue from automotive industry.
84GF Score
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