Wave Exponential PCL (BKK:WAVE) ROE % Adjusted to Book Value: -9.00% (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.

What is Wave Exponential PCL ROE % Adjusted to Book Value?

Wave Exponential PCL BKK:WAVE ROE % Adjusted to Book Value is -9.00% as of Mar. 2026. The stock has 5 warning signs investors should review.

Wave Exponential PCL's ROE % for the quarter that ended in Mar. 2026 was -6.57%. Wave Exponential PCL's PB Ratio for the quarter that ended in Mar. 2026 was 0.73. Wave Exponential PCL's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was -9.00%.

Wave Exponential PCL ROE % Adjusted to Book Value Related Terms

Wave Exponential PCL ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Wave Exponential PCL'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.

Wave Exponential PCL ROE % Adjusted to Book Value Chart

Wave Exponential PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.94 -10.15 -1.07 0.00 344.51

Wave Exponential PCL 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 -2.49 258.32 74.13 230.69 -9.00

BKK:WAVE vs EDU, TAL, LAUR: ROE % Adjusted to Book Value Comparison

For the Education & Training Services subindustry, Wave Exponential PCL'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.

Wave Exponential PCL ROE % Adjusted to Book Value vs Education Industry

For the Education industry and Consumer Defensive sector, Wave Exponential PCL's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Wave Exponential PCL's ROE % Adjusted to Book Value falls into.


Wave Exponential PCL ROE % Adjusted to Book Value Calculation

Wave Exponential PCL's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=244.60% / 0.71
=344.51%

Wave Exponential PCL'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
=-6.57% / 0.73
=-9.00%

* 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 -9.00% mean?
Wave Exponential PCL (BKK:WAVE) has a ROE % Adjusted to Book Value of -9.00% 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 Wave Exponential PCL and its competitors.
Is Wave Exponential PCL's ROE % Adjusted to Book Value too high?
Wave Exponential PCL's current ROE % Adjusted to Book Value is -9.00%.
How does Wave Exponential PCL's ROE % Adjusted to Book Value compare to EDU and TAL?
Wave Exponential PCL's ROE % Adjusted to Book Value of -9.00% can be compared against companies in the Education 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 an Education company?
A good ROE % Adjusted to Book Value depends on the Education 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 Wave Exponential PCL and its competitors. Wave Exponential PCL's current ROE % Adjusted to Book Value is -9.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wave Exponential PCL stock overvalued right now?
Based on GuruFocus' analysis, Wave Exponential PCL (BKK:WAVE) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.07, compared to a current price of ฿0.04 — trading 42.9% below its estimated fair value. The current ROE % Adjusted to Book Value is -9.00%. 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 Wave Exponential PCL (BKK:WAVE), the current ROE % Adjusted to Book Value is -9.00% 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.

Wave Exponential PCL Business Description

Address 21 Petchaburi New Road, 2445/19 Tararom Business Tower, 14th Floor, Huai Khwang District, Bang Kapi Sub-district, Bangkok, THA, 10310
Wave Exponential PCL is principally engaged in the businesses of investment in other companies, operations of English language institutions, integrated carbon credit, and wellness health care. The company's business segments include Language institutions, Integrated carbon credit business, and Wellness health care business. The company generates the majority of its revenue from the Language Institutions segment.