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Nforce Secure PCLBKK:SECURE -1.39%92 ROA % is 12.41% as of Mar. 2026, which is 14% above its 10-year median of 10.92. GuruFocus rates BKK:SECURE with a GF Score™ of 92/100 and a GF Value™ of ฿15.00 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,503 Hardware companies, Nforce Secure PCL ranks better than 92.61% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nforce Secure PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿138 Mil.
Nforce Secure PCL's average Total Assets over the quarter that ended in Mar. 2026 was ฿1,114 Mil. Therefore, Nforce Secure PCL's annualized ROA % for the quarter that ended in Mar. 2026 was 12.41%.
The historical rank and industry rank for Nforce Secure PCL's ROA % or its related term are showing as below:
BKK:SECURE'
s ROA % Range Over the Past 10 Years
Min: 7.11 Med: 10.92 Max: 12.39
Current: 12.39
During the past 6 years, Nforce Secure PCL's highest ROA % was 12.39%. The lowest was 7.11%. And the median was 10.92%.
BKK:SECURE's ROA % is ranked better than 92.61% of 2503
companies
in the Hardware industry
Industry Median: 2.28
vs BKK:SECURE: 12.39
Nforce Secure PCL (BKK:SECURE) 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.
Nforce Secure PCL ROA % Related Terms
Nforce Secure PCL ROA % Historical Data
* Premium members only.
The historical data trend for Nforce Secure 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 Electronics & Computer Distribution subindustry, Nforce Secure 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.
Nforce Secure PCL ROA % vs Hardware Industry
For the Hardware industry and Technology sector, Nforce Secure PCL's ROA % distribution charts can be found below:
* The bar in red indicates where Nforce Secure 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.
Nforce Secure PCL (BKK:SECURE) has a ROA % of 12.41% 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 Nforce Secure PCL and its competitors. This is 14% above median its historical median of 10.92. Over the past decade, Nforce Secure PCL's ROA % has ranged from 7.11 to 12.39. According to the industry distribution chart, Nforce Secure PCL ranks #185 out of 2503 companies in the Hardware industry, placing it in the top 7.4%.
Is Nforce Secure PCL's ROA % too high?
Nforce Secure PCL's current ROA % of 12.41% is 14% above median its 10-year median of 10.92. Over the past 10 years, this metric has ranged from a low of 7.11 to a high of 12.39. The Hardware industry median ROA % is 2.28. Nforce Secure PCL's value of 12.41% is 444.3% above this industry median. Based on the distribution chart, Nforce Secure PCL ranks #185 out of 2503 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Nforce Secure PCL has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nforce Secure PCL's ROA % compare to MSFT and ORCL?
According to the Hardware industry distribution chart, Nforce Secure PCL ranks #185 out of 2503 companies for ROA %. This places Nforce Secure PCL in the top 7% of its industry — outperforming the majority of peers. The industry median ROA % is 2.28. Nforce Secure PCL's value of 12.41% is 444.3% above this benchmark. Historically, Nforce Secure PCL's own ROA % has ranged from 7.11 to 12.39 over the past decade. While the company's 10-year median is 10.92 vs. the industry median of 2.28, Nforce Secure 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 Hardware company?
The median ROA % among Hardware companies is 2.28, based on 2,503 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. Nforce Secure PCL's current ROA % of 12.41% is 444.3% 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 Nforce Secure PCL and its competitors. For the Hardware industry, the median ROA % is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nforce Secure PCL's current ROA % is 12.41%, which is 14% above median its own 10-year median of 10.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nforce Secure PCL stock overvalued right now?
Based on GuruFocus' analysis, Nforce Secure PCL (BKK:SECURE) is currently considered Fairly Valued. The stock's GF Value™ is ฿15.00, compared to a current price of ฿14.20 — trading 5.3% below its estimated fair value. The current ROA % is 12.41%, which is 14% above median its 10-year median of 10.92 and 444.3% above the Hardware industry median of 2.28. Nforce Secure PCL's overall GF Score™ is 92/100 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 Nforce Secure PCL (BKK:SECURE), the current ROA % is 12.41% 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 Nforce Secure PCL (BKK:SECURE) Overvalued in 2026?
Based on GuruFocus' analysis, Nforce Secure PCL stock appears to be undervalued.
The current stock price of ฿14.20 is trading 5.3% below its estimated GF Value™ of ฿15.00.
GuruFocus considers Nforce Secure PCL to be Fairly Valued.
Key valuation signals for BKK:SECURE:
ROA %: 12.41% (14% above median its 10-year median of 10.92)
GF Value™: ฿15.00 vs. price of ฿14.20 (5.3% below fair value)
Industry Position: 444.3% above the Hardware median (#185 of 2503)
No single metric tells the full story. See the BKK:SECURE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nforce Secure PCL is a distributor of cybersecurity solution products and offers other supporting services. It is mainly engaged in selling computer hardware and software, and all related equipment, network communication equipment and software, development of enterprise software and project management, and providing services for business consulting, risk assessment, planning, and training.
92GF Score
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