Asia Green Energy PCL (BKK:AGE) ROE %: 12.66% (As of Mar. 2026) — 20% Above Median


BKK:AGE Asia Green Energy PCL BKK:AGE
71 GF Score
Price ฿1.22
GF Value ฿1.25
Valuation Fairly Valued
! 4 Warning Signs
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What is Asia Green Energy PCL ROE %?

Asia Green Energy PCL BKK:AGE -0.81% 71 ROE % is 12.66% as of Mar. 2026, which is 20% above its 10-year median of 10.54. GuruFocus rates BKK:AGE with a GF Score™ of 71/100 and a GF Value™ of ฿1.25 (Fairly Valued). The stock has 4 warning signs investors should review. Among 177 Other Energy Sources companies, Asia Green Energy PCL ranks better than 79.66% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Asia Green Energy PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿410 Mil. Asia Green Energy PCL's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ฿3,236 Mil. Therefore, Asia Green Energy PCL's annualized ROE % for the quarter that ended in Mar. 2026 was 12.66%.

The historical rank and industry rank for Asia Green Energy PCL's ROE % or its related term are showing as below:

BKK:AGE' s ROE % Range Over the Past 10 Years
Min: -7.12   Med: 10.54   Max: 43.17
Current: 11.61

During the past 13 years, Asia Green Energy PCL's highest ROE % was 43.17%. The lowest was -7.12%. And the median was 10.54%.

BKK:AGE's ROE % is ranked better than
79.66% of 177 companies
in the Other Energy Sources industry
Industry Median: 0.7 vs BKK:AGE: 11.61

Asia Green Energy PCL  (BKK:AGE) 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:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=409.62/3236.402
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(409.62 / 12876.144)*(12876.144 / 8635.762)*(8635.762 / 3236.402)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.18 %*1.491*2.6683
=ROA %*Equity Multiplier
=4.74 %*2.6683
=12.66 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=409.62/3236.402
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (409.62 / 484.352) * (484.352 / 503.868) * (503.868 / 12876.144) * (12876.144 / 8635.762) * (8635.762 / 3236.402)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8457 * 0.9613 * 3.91 % * 1.491 * 2.6683
=12.66 %

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.


Asia Green Energy PCL ROE % Related Terms


Asia Green Energy PCL ROE % Historical Data

* Premium members only.

The historical data trend for Asia Green Energy 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.

Asia Green Energy PCL ROE % Chart

Asia Green Energy PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.35 43.17 8.56 -7.12 9.97

Asia Green Energy PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % 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 5.90 14.21 12.32 7.38 12.66

BKK:AGE vs CNR: ROE % Comparison

For the Thermal Coal subindustry, Asia Green Energy 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.


Asia Green Energy PCL ROE % vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Asia Green Energy PCL's ROE % distribution charts can be found below:

* The bar in red indicates where Asia Green Energy PCL's ROE % falls into.


BKK:AGE
71GF Score
Asia Green Energy PCL BKK:AGE
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Asia Green Energy PCL ROE % Calculation

Asia Green Energy PCL's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=302.086/( (2870.41+3189.392)/ 2 )
=302.086/3029.901
=9.97 %

Asia Green Energy PCL's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=409.62/( (3189.392+3283.412)/ 2 )
=409.62/3236.402
=12.66 %

* 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.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 12.66% mean?
Asia Green Energy PCL (BKK:AGE) has a ROE % of 12.66% 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 Asia Green Energy PCL and its competitors. This is 20% above median its historical median of 10.54. According to the industry distribution chart, Asia Green Energy PCL ranks #36 out of 177 companies in the Other Energy Sources industry, placing it in the top 20.3%.
Is Asia Green Energy PCL's ROE % too high?
Asia Green Energy PCL's current ROE % of 12.66% is 20% above median its 10-year median of 10.54. The Other Energy Sources industry median ROE % is 0.70. Asia Green Energy PCL's value of 12.66% is 1708.6% above this industry median. Based on the distribution chart, Asia Green Energy PCL ranks #36 out of 177 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Asia Green Energy PCL has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Green Energy PCL's ROE % compare to CNR?
According to the Other Energy Sources industry distribution chart, Asia Green Energy PCL ranks #36 out of 177 companies for ROE %. This places Asia Green Energy PCL in the top 20% of its industry — outperforming the majority of peers. The industry median ROE % is 0.70. Asia Green Energy PCL's value of 12.66% is 1708.6% above this benchmark. While the company's 10-year median is 10.54 vs. the industry median of 0.70, Asia Green Energy 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 ROE % for an Other Energy Sources company?
The median ROE % among Other Energy Sources companies is 0.70, based on 177 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. Asia Green Energy PCL's current ROE % of 12.66% is 1708.6% 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 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 Asia Green Energy PCL and its competitors. For the Other Energy Sources industry, the median ROE % is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Green Energy PCL's current ROE % is 12.66%, which is 20% above median its own 10-year median of 10.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Green Energy PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Green Energy PCL (BKK:AGE) is currently considered Fairly Valued. The stock's GF Value™ is ฿1.25, compared to a current price of ฿1.22 — trading 2.4% below its estimated fair value. The current ROE % is 12.66%, which is 20% above median its 10-year median of 10.54 and 1708.6% above the Other Energy Sources industry median of 0.70. Asia Green Energy PCL's overall GF Score™ is 71/100 with 4 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 Asia Green Energy PCL (BKK:AGE), the current ROE % is 12.66% 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 Asia Green Energy PCL (BKK:AGE) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Green Energy PCL stock appears to be undervalued. The current stock price of ฿1.22 is trading 2.4% below its estimated GF Value™ of ฿1.25. GuruFocus considers Asia Green Energy PCL to be Fairly Valued.

Key valuation signals for BKK:AGE:

  • ROE %: 12.66% (20% above median its 10-year median of 10.54)
  • GF Value™: ฿1.25 vs. price of ฿1.22 (2.4% below fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 1708.6% above the Other Energy Sources median (#36 of 177)

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


Asia Green Energy PCL Business Description

Address 99/9 Rama II Road, Samae Dam Subdistrict, Bang Khun Thian District, Bangkok, THA, 10150
Asia Green Energy PCL is engaged in the distribution of coal for industrial use. The company's operation consists of importing and distributing the business of clean Bituminous coal from Indonesia and distributing it both inside and outside the country. The company is organized into business units based on its products and services and has four segments, Related Coal business; Smart Logistic business; Sustainable Energy business; and Diversified Investment businesses. The company earns maximum revenue from the Related Coal business.
71GF Score

Get the complete analysis for BKK:AGE

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

฿1.22
Price
฿1.25
GF Value