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AIRA Factoring PCLBKK:AF 40 ROE % is 3.91% as of Mar. 2026, which is 53% below its 10-year median of 8.36. GuruFocus rates BKK:AF with a GF Score™ of 40/100 and a GF Value™ of ฿0.58 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 529 Credit Services companies, AIRA Factoring PCL ranks worse than 63.14% on this metric.
The historical rank and industry rank for AIRA Factoring PCL's ROE % or its related term are showing as below:
BKK:AF'
s ROE % Range Over the Past 10 Years
Min: 1.29 Med: 8.36 Max: 9.82
Current: 3.03
During the past 13 years, AIRA Factoring PCL's highest ROE % was 9.82%. The lowest was 1.29%. And the median was 8.36%.
BKK:AF's ROE % is ranked worse than 63.14% of 529
companies
in the Credit Services industry
Industry Median: 6.61
vs BKK:AF: 3.03
AIRA Factoring PCL (BKK:AF) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
AIRA Factoring PCL ROE % Related Terms
AIRA Factoring PCL ROE % Historical Data
* Premium members only.
The historical data trend for AIRA Factoring PCL's ROE % 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 Credit Services subindustry, AIRA Factoring PCL's ROE %, along with its competitors' market caps and ROE % 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.
AIRA Factoring PCL ROE % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, AIRA Factoring PCL's ROE % distribution charts can be found below:
* The bar in red indicates where AIRA Factoring PCL's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
AIRA Factoring PCL (BKK:AF) has a ROE % of 3.91% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on AIRA Factoring PCL and its competitors. This is 53% below median its historical median of 8.36. Over the past decade, AIRA Factoring PCL's ROE % has ranged from 1.29 to 9.82. According to the industry distribution chart, AIRA Factoring PCL ranks #334 out of 529 companies in the Credit Services industry, placing it in the top 63.1%.
Is AIRA Factoring PCL's ROE % too high?
AIRA Factoring PCL's current ROE % of 3.91% is 53% below median its 10-year median of 8.36. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 9.82. The Credit Services industry median ROE % is 6.61. AIRA Factoring PCL's value of 3.91% is 40.8% below this industry median. Based on the distribution chart, AIRA Factoring PCL ranks #334 out of 529 companies in the Credit Services industry, which is below the industry midpoint. Overall, AIRA Factoring PCL has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AIRA Factoring PCL's ROE % compare to V and MA?
According to the Credit Services industry distribution chart, AIRA Factoring PCL ranks #334 out of 529 companies for ROE %. This places AIRA Factoring PCL in the lower half of its industry. The industry median ROE % is 6.61. AIRA Factoring PCL's value of 3.91% is 40.8% below this benchmark. Historically, AIRA Factoring PCL's own ROE % has ranged from 1.29 to 9.82 over the past decade. While the company's 10-year median is 8.36 vs. the industry median of 6.61, AIRA Factoring PCL has consistently been below 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 ROE % for a Credit Services company?
The median ROE % among Credit Services companies is 6.61, based on 529 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AIRA Factoring PCL's current ROE % of 3.91% is 40.8% below 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on AIRA Factoring PCL and its competitors. For the Credit Services industry, the median ROE % is 6.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIRA Factoring PCL's current ROE % is 3.91%, which is 53% below median its own 10-year median of 8.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIRA Factoring PCL stock overvalued right now?
Based on GuruFocus' analysis, AIRA Factoring PCL (BKK:AF) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.58, compared to a current price of ฿0.38 — trading 34.5% below its estimated fair value. The current ROE % is 3.91%, which is 53% below median its 10-year median of 8.36 and 40.8% below the Credit Services industry median of 6.61. AIRA Factoring PCL's overall GF Score™ is 40/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For AIRA Factoring PCL (BKK:AF), the current ROE % is 3.91% 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 AIRA Factoring PCL (BKK:AF) Overvalued in 2026?
Based on GuruFocus' analysis, AIRA Factoring PCL stock appears to be undervalued.
The current stock price of ฿0.38 is trading 34.5% below its estimated GF Value™ of ฿0.58.
GuruFocus considers AIRA Factoring PCL to be Possible Value Trap.
Key valuation signals for BKK:AF:
ROE %: 3.91% (53% below median its 10-year median of 8.36)
GF Value™: ฿0.58 vs. price of ฿0.38 (34.5% below fair value)
Industry Position: 40.8% below the Credit Services median (#334 of 529)
No single metric tells the full story. See the BKK:AF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AIRA Factoring PCL is a Thailand-based company principally engaged in the business of receivable factoring. It provides short-term financing services by transferring creditor's rights or factoring services. Its various service offerings include promissory note loans, e-factoring, supplier financing, long-term loans, and others. The company's main reportable operating segment of the Company is the provision of lending services to SME customers, comprising the factoring business and loan financing. Geographically, the company operates only in Thailand.
40GF Score
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