ASEFA PCLBKK:ASEFA -0.86%68 ROE % is 22.76% as of Mar. 2026, which is 109% above its 10-year median of 10.87. GuruFocus rates BKK:ASEFA with a GF Score™ of 68/100 and a GF Value™ of ฿4.45 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 3,003 Industrial Products companies, ASEFA PCL ranks better than 81.78% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. ASEFA PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿465 Mil. ASEFA PCL's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ฿2,041 Mil. Therefore, ASEFA PCL's annualized ROE % for the quarter that ended in Mar. 2026 was 22.76%.
The historical rank and industry rank for ASEFA PCL's ROE % or its related term are showing as below:
BKK:ASEFA'
s ROE % Range Over the Past 10 Years
Min: 4.01 Med: 10.87 Max: 21.44
Current: 14.77
During the past 12 years, ASEFA PCL's highest ROE % was 21.44%. The lowest was 4.01%. And the median was 10.87%.
BKK:ASEFA's ROE % is ranked better than 81.78% of 3003
companies
in the Industrial Products industry
Industry Median: 5.86
vs BKK:ASEFA: 14.77
ASEFA PCL (BKK:ASEFA) 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.
ASEFA PCL ROE % Related Terms
ASEFA PCL ROE % Historical Data
* Premium members only.
The historical data trend for ASEFA 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 Electrical Equipment & Parts subindustry, ASEFA 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.
ASEFA PCL ROE % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, ASEFA PCL's ROE % distribution charts can be found below:
* The bar in red indicates where ASEFA 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.
ASEFA PCL (BKK:ASEFA) has a ROE % of 22.76% 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 ASEFA PCL and its competitors. This is 109% above median its historical median of 10.87. Over the past decade, ASEFA PCL's ROE % has ranged from 4.01 to 21.44. According to the industry distribution chart, ASEFA PCL ranks #547 out of 3003 companies in the Industrial Products industry, placing it in the top 18.2%.
Is ASEFA PCL's ROE % too high?
ASEFA PCL's current ROE % of 22.76% is 109% above median its 10-year median of 10.87. Over the past 10 years, this metric has ranged from a low of 4.01 to a high of 21.44. The Industrial Products industry median ROE % is 5.86. ASEFA PCL's value of 22.76% is 288.4% above this industry median. Based on the distribution chart, ASEFA PCL ranks #547 out of 3003 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, ASEFA PCL has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASEFA PCL's ROE % compare to VRT and BE?
According to the Industrial Products industry distribution chart, ASEFA PCL ranks #547 out of 3003 companies for ROE %. This places ASEFA PCL in the top 18% of its industry — outperforming the majority of peers. The industry median ROE % is 5.86. ASEFA PCL's value of 22.76% is 288.4% above this benchmark. Historically, ASEFA PCL's own ROE % has ranged from 4.01 to 21.44 over the past decade. While the company's 10-year median is 10.87 vs. the industry median of 5.86, ASEFA 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 Industrial Products company?
The median ROE % among Industrial Products companies is 5.86, based on 3,003 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. ASEFA PCL's current ROE % of 22.76% is 288.4% 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 ASEFA PCL and its competitors. For the Industrial Products industry, the median ROE % is 5.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASEFA PCL's current ROE % is 22.76%, which is 109% above median its own 10-year median of 10.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASEFA PCL stock overvalued right now?
Based on GuruFocus' analysis, ASEFA PCL (BKK:ASEFA) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿4.45, compared to a current price of ฿5.75 — trading 29.2% above its estimated fair value. The current ROE % is 22.76%, which is 109% above median its 10-year median of 10.87 and 288.4% above the Industrial Products industry median of 5.86. ASEFA PCL's overall GF Score™ is 68/100 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 ASEFA PCL (BKK:ASEFA), the current ROE % is 22.76% 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 ASEFA PCL (BKK:ASEFA) Overvalued in 2026?
Based on GuruFocus' analysis, ASEFA PCL stock appears to be overvalued.
The current stock price of ฿5.75 is trading 29.2% above its estimated GF Value™ of ฿4.45.
GuruFocus considers ASEFA PCL to be Modestly Overvalued.
Key valuation signals for BKK:ASEFA:
ROE %: 22.76% (109% above median its 10-year median of 10.87)
GF Value™: ฿4.45 vs. price of ฿5.75 (29.2% above fair value)
Industry Position: 288.4% above the Industrial Products median (#547 of 3003)
No single metric tells the full story. See the BKK:ASEFA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASEFA PCL is a Thailand-based company. It is involved in the manufacturing and distribution of electrical power distribution, switchboard and trunking systems including procuring, distributing and integrated engineering services for electrical power distribution. It operates its business through segments that are Manufacturing, Trading, Services and maintenance and installation and Decommissioning of the Power Plant. The Manufacturing segment generates maximum revenue for the company.
68GF Score
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