Golden Ventures Leasehold Real Estate Investment Trust (BKK:GVREIT) ROE % Adjusted to Book Value: 14.84% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:GVREIT Golden Ventures Leasehold Real Estate Investment Trust BKK:GVREIT
71 GF Score
Price ฿7.95
GF Value ฿6.34
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Golden Ventures Leasehold Real Estate Investment Trust ROE % Adjusted to Book Value?

Golden Ventures Leasehold Real Estate Investment Trust BKK:GVREIT -0.62% 71 ROE % Adjusted to Book Value is 14.84% as of Mar. 2026. GuruFocus rates BKK:GVREIT with a GF Score™ of 71/100 and a GF Value™ of ฿6.34 (Modestly Overvalued). The stock has 8 warning signs investors should review.

Golden Ventures Leasehold Real Estate Investment Trust's ROE % for the quarter that ended in Mar. 2026 was 9.35%. Golden Ventures Leasehold Real Estate Investment Trust's PB Ratio for the quarter that ended in Mar. 2026 was 0.63. Golden Ventures Leasehold Real Estate Investment Trust's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 14.84%.


Golden Ventures Leasehold Real Estate Investment Trust ROE % Adjusted to Book Value Related Terms


Golden Ventures Leasehold Real Estate Investment Trust ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Golden Ventures Leasehold Real Estate Investment Trust's ROE % Adjusted to Book Value 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.

Golden Ventures Leasehold Real Estate Investment Trust ROE % Adjusted to Book Value Chart

Golden Ventures Leasehold Real Estate Investment Trust Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.46 8.81 11.45 8.48 3.08

Golden Ventures Leasehold Real Estate Investment Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.89 14.77 -31.53 12.44 14.84

BKK:GVREIT vs BXP, ARE, VNO: ROE % Adjusted to Book Value Comparison

For the REIT - Office subindustry, Golden Ventures Leasehold Real Estate Investment Trust's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.


Golden Ventures Leasehold Real Estate Investment Trust ROE % Adjusted to Book Value vs REITs Industry

For the REITs industry and Real Estate sector, Golden Ventures Leasehold Real Estate Investment Trust's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Golden Ventures Leasehold Real Estate Investment Trust's ROE % Adjusted to Book Value falls into.


BKK:GVREIT
71GF Score
Golden Ventures Leasehold Real Estate Investment Trust BKK:GVREIT
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Golden Ventures Leasehold Real Estate Investment Trust ROE % Adjusted to Book Value Calculation

Golden Ventures Leasehold Real Estate Investment Trust's ROE % Adjusted to Book Value for the fiscal year that ended in Sep. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=1.97% / 0.64
=3.08%

Golden Ventures Leasehold Real Estate Investment Trust's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=9.35% / 0.63
=14.84%

* 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.

What does a ROE % Adjusted to Book Value of 14.84% mean?
Golden Ventures Leasehold Real Estate Investment Trust (BKK:GVREIT) has a ROE % Adjusted to Book Value of 14.84% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Golden Ventures Leasehold Real Estate Investment Trust and its competitors.
Is Golden Ventures Leasehold Real Estate Investment Trust's ROE % Adjusted to Book Value too high?
Golden Ventures Leasehold Real Estate Investment Trust's current ROE % Adjusted to Book Value is 14.84%. Overall, Golden Ventures Leasehold Real Estate Investment Trust has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Golden Ventures Leasehold Real Estate Investment Trust's ROE % Adjusted to Book Value compare to BXP and ARE?
Golden Ventures Leasehold Real Estate Investment Trust's ROE % Adjusted to Book Value of 14.84% can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a REITs company?
A good ROE % Adjusted to Book Value depends on the REITs industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Golden Ventures Leasehold Real Estate Investment Trust and its competitors. Golden Ventures Leasehold Real Estate Investment Trust's current ROE % Adjusted to Book Value is 14.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Ventures Leasehold Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Golden Ventures Leasehold Real Estate Investment Trust (BKK:GVREIT) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿6.34, compared to a current price of ฿7.95 — trading 25.4% above its estimated fair value. The current ROE % Adjusted to Book Value is 14.84%. Golden Ventures Leasehold Real Estate Investment Trust's overall GF Score™ is 71/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Golden Ventures Leasehold Real Estate Investment Trust (BKK:GVREIT), the current ROE % Adjusted to Book Value is 14.84% 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 Golden Ventures Leasehold Real Estate Investment Trust (BKK:GVREIT) Overvalued in 2026?

Based on GuruFocus' analysis, Golden Ventures Leasehold Real Estate Investment Trust stock appears to be overvalued. The current stock price of ฿7.95 is trading 25.4% above its estimated GF Value™ of ฿6.34. GuruFocus considers Golden Ventures Leasehold Real Estate Investment Trust to be Modestly Overvalued.

Key valuation signals for BKK:GVREIT:

  • ROE % Adjusted to Book Value: 14.84%
  • GF Value™: ฿6.34 vs. price of ฿7.95 (25.4% above fair value)
  • GF Score™: 71/100 with 8 warning signs

No single metric tells the full story. See the BKK:GVREIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Golden Ventures Leasehold Real Estate Investment Trust Business Description

Industry Real EstateREITs
Address 944 Rama 4 Road, 22nd Floor, Mitrtown Office Tower, Wangmai, Pathumwan, Bangkok, THA, 10330
Golden Ventures Leasehold Real Estate Investment Trust operates leasehold properties, focusing on office buildings. The company invests in properties located in Thailand. The Trust's objectives are to raise funds from investors both ordinary and juristic persons, including long-term loans from financial institutions and deposits from rental to invest in 2 projects Park Ventures Ecoplex Project and Sathorn Square Project.
71GF Score

Get the complete analysis for BKK:GVREIT

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿7.95
Price
฿6.34
GF Value