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Thai Vegetable Oil PCLBKK:TVO 82 ROA % is 17.67% as of Mar. 2026, which is 27% above its 10-year median of 13.87. GuruFocus rates BKK:TVO with a GF Score™ of 82/100 and a GF Value™ of ฿20.99 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,995 Consumer Packaged Goods companies, Thai Vegetable Oil PCL ranks better than 92.48% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Thai Vegetable Oil PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿2,836 Mil.
Thai Vegetable Oil PCL's average Total Assets over the quarter that ended in Mar. 2026 was ฿16,050 Mil. Therefore, Thai Vegetable Oil PCL's annualized ROA % for the quarter that ended in Mar. 2026 was 17.67%.
The historical rank and industry rank for Thai Vegetable Oil PCL's ROA % or its related term are showing as below:
BKK:TVO'
s ROA % Range Over the Past 10 Years
Min: 4.63 Med: 13.87 Max: 25.63
Current: 15.01
During the past 13 years, Thai Vegetable Oil PCL's highest ROA % was 25.63%. The lowest was 4.63%. And the median was 13.87%.
BKK:TVO's ROA % is ranked better than 92.48% of 1995
companies
in the Consumer Packaged Goods industry
Industry Median: 3.32
vs BKK:TVO: 15.01
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.
* 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 Packaged Foods subindustry, Thai Vegetable Oil 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.
Thai Vegetable Oil PCL ROA % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Vegetable Oil PCL's ROA % distribution charts can be found below:
* The bar in red indicates where Thai Vegetable Oil 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.
Thai Vegetable Oil PCL (BKK:TVO) has a ROA % of 17.67% 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 Thai Vegetable Oil PCL and its competitors. This is 27% above median its historical median of 13.87. Over the past decade, Thai Vegetable Oil PCL's ROA % has ranged from 4.63 to 25.63. According to the industry distribution chart, Thai Vegetable Oil PCL ranks #150 out of 1995 companies in the Consumer Packaged Goods industry, placing it in the top 7.5%.
Is Thai Vegetable Oil PCL's ROA % too high?
Thai Vegetable Oil PCL's current ROA % of 17.67% is 27% above median its 10-year median of 13.87. Over the past 10 years, this metric has ranged from a low of 4.63 to a high of 25.63. The Consumer Packaged Goods industry median ROA % is 3.32. Thai Vegetable Oil PCL's value of 17.67% is 432.2% above this industry median. Based on the distribution chart, Thai Vegetable Oil PCL ranks #150 out of 1995 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Vegetable Oil PCL has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Vegetable Oil PCL's ROA % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Thai Vegetable Oil PCL ranks #150 out of 1995 companies for ROA %. This places Thai Vegetable Oil PCL in the top 8% of its industry — outperforming the majority of peers. The industry median ROA % is 3.32. Thai Vegetable Oil PCL's value of 17.67% is 432.2% above this benchmark. Historically, Thai Vegetable Oil PCL's own ROA % has ranged from 4.63 to 25.63 over the past decade. While the company's 10-year median is 13.87 vs. the industry median of 3.32, Thai Vegetable Oil 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 Consumer Packaged Goods company?
The median ROA % among Consumer Packaged Goods companies is 3.32, based on 1,995 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. Thai Vegetable Oil PCL's current ROA % of 17.67% is 432.2% 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 Thai Vegetable Oil PCL and its competitors. For the Consumer Packaged Goods industry, the median ROA % is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Vegetable Oil PCL's current ROA % is 17.67%, which is 27% above median its own 10-year median of 13.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Vegetable Oil PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Vegetable Oil PCL (BKK:TVO) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿20.99, compared to a current price of ฿27.25 — trading 29.8% above its estimated fair value. The current ROA % is 17.67%, which is 27% above median its 10-year median of 13.87 and 432.2% above the Consumer Packaged Goods industry median of 3.32. Thai Vegetable Oil PCL's overall GF Score™ is 82/100 with 6 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 Thai Vegetable Oil PCL (BKK:TVO), the current ROA % is 17.67% 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 Thai Vegetable Oil PCL (BKK:TVO) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Vegetable Oil PCL stock appears to be overvalued.
The current stock price of ฿27.25 is trading 29.8% above its estimated GF Value™ of ฿20.99.
GuruFocus considers Thai Vegetable Oil PCL to be Modestly Overvalued.
Key valuation signals for BKK:TVO:
ROA %: 17.67% (27% above median its 10-year median of 13.87)
GF Value™: ฿20.99 vs. price of ฿27.25 (29.8% above fair value)
Industry Position: 432.2% above the Consumer Packaged Goods median (#150 of 1995)
No single metric tells the full story. See the BKK:TVO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Vegetable Oil PCL is engaged in the manufacture and distribution of soy meal and soybean oil. The company has three reportable segments, namely, the manufacture and distribution of products from the soybean segment, which derives key revenue and is engaged in the manufacturing and distribution of soy meal and soybean oil; the manufacture and distribution of packaging products; and the Other segment, which is the distribution of consumer products. The company operates in Thailand only.
82GF Score
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