Applicad PCLBKK:APP -0.80%90 ROE % is 21.91% as of Mar. 2026, which is 21% above its 10-year median of 18.11. GuruFocus rates BKK:APP with a GF Score™ of 90/100 and a GF Value™ of ฿2.62 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,682 Software companies, Applicad PCL ranks better than 83.48% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Applicad PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿100 Mil. Applicad PCL's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ฿457 Mil. Therefore, Applicad PCL's annualized ROE % for the quarter that ended in Mar. 2026 was 21.91%.
The historical rank and industry rank for Applicad PCL's ROE % or its related term are showing as below:
BKK:APP'
s ROE % Range Over the Past 10 Years
Min: 13.21 Med: 18.11 Max: 115.89
Current: 21.38
During the past 10 years, Applicad PCL's highest ROE % was 115.89%. The lowest was 13.21%. And the median was 18.11%.
BKK:APP's ROE % is ranked better than 83.48% of 2682
companies
in the Software industry
Industry Median: 4.72
vs BKK:APP: 21.38
Applicad PCL (BKK:APP) 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.
Applicad PCL ROE % Related Terms
Applicad PCL ROE % Historical Data
* Premium members only.
The historical data trend for Applicad 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 Software - Application subindustry, Applicad 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.
Applicad PCL ROE % vs Software Industry
For the Software industry and Technology sector, Applicad PCL's ROE % distribution charts can be found below:
* The bar in red indicates where Applicad 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.
Applicad PCL (BKK:APP) has a ROE % of 21.91% 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 Applicad PCL and its competitors. This is 21% above median its historical median of 18.11. Over the past decade, Applicad PCL's ROE % has ranged from 13.21 to 115.89. According to the industry distribution chart, Applicad PCL ranks #443 out of 2682 companies in the Software industry, placing it in the top 16.5%.
Is Applicad PCL's ROE % too high?
Applicad PCL's current ROE % of 21.91% is 21% above median its 10-year median of 18.11. Over the past 10 years, this metric has ranged from a low of 13.21 to a high of 115.89. The Software industry median ROE % is 4.72. Applicad PCL's value of 21.91% is 364.2% above this industry median. Based on the distribution chart, Applicad PCL ranks #443 out of 2682 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Applicad PCL has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Applicad PCL's ROE % compare to CRM and SHOP?
According to the Software industry distribution chart, Applicad PCL ranks #443 out of 2682 companies for ROE %. This places Applicad PCL in the top 17% of its industry — outperforming the majority of peers. The industry median ROE % is 4.72. Applicad PCL's value of 21.91% is 364.2% above this benchmark. Historically, Applicad PCL's own ROE % has ranged from 13.21 to 115.89 over the past decade. While the company's 10-year median is 18.11 vs. the industry median of 4.72, Applicad 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 a Software company?
The median ROE % among Software companies is 4.72, based on 2,682 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. Applicad PCL's current ROE % of 21.91% is 364.2% 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 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 Applicad PCL and its competitors. For the Software industry, the median ROE % is 4.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applicad PCL's current ROE % is 21.91%, which is 21% above median its own 10-year median of 18.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applicad PCL stock overvalued right now?
Based on GuruFocus' analysis, Applicad PCL (BKK:APP) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.62, compared to a current price of ฿2.48 — trading 5.3% below its estimated fair value. The current ROE % is 21.91%, which is 21% above median its 10-year median of 18.11 and 364.2% above the Software industry median of 4.72. Applicad PCL's overall GF Score™ is 90/100 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 Applicad PCL (BKK:APP), the current ROE % is 21.91% 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 Applicad PCL (BKK:APP) Overvalued in 2026?
Based on GuruFocus' analysis, Applicad PCL stock appears to be undervalued.
The current stock price of ฿2.48 is trading 5.3% below its estimated GF Value™ of ฿2.62.
GuruFocus considers Applicad PCL to be Fairly Valued.
Key valuation signals for BKK:APP:
ROE %: 21.91% (21% above median its 10-year median of 18.11)
GF Value™: ฿2.62 vs. price of ฿2.48 (5.3% below fair value)
Industry Position: 364.2% above the Software median (#443 of 2682)
No single metric tells the full story. See the BKK:APP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applicad PCL main business is the sale of computer programs and maintenance services for computer programs, machines and equipment, and the design and development of related products and services. The company operates through three segments: Computer Software Sales division, engaged in the sale of computer programs for specific applications and peripherals and generating maximum revenue; Sale Division of Machinery, Equipment and Other Products, engaged in the sale of machinery, computer parts, spare parts, materials and other products; and Service Division, providing computer maintenance services, design and manufacture of industrial parts and prototypes, and other services. Geographically, the company operates in Thailand and Indonesia, while earning key revenue from sales in Thailand.
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