Bangkok Commercial Asset Management PCL (BKK:BAM) ROE %: 1.93% (As of Mar. 2026) — 69% Below Median


BKK:BAM Bangkok Commercial Asset Management PCL BKK:BAM
68 GF Score
Price ฿6.55
GF Value ฿7.37
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Bangkok Commercial Asset Management PCL ROE %?

Bangkok Commercial Asset Management PCL BKK:BAM +0.77% 68 ROE % is 1.93% as of Mar. 2026, which is 69% below its 10-year median of 6.23. GuruFocus rates BKK:BAM with a GF Score™ of 68/100 and a GF Value™ of ฿7.37 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,612 Asset Management companies, Bangkok Commercial Asset Management PCL ranks worse than 58.75% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Bangkok Commercial Asset Management PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿867 Mil. Bangkok Commercial Asset Management PCL's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ฿44,945 Mil. Therefore, Bangkok Commercial Asset Management PCL's annualized ROE % for the quarter that ended in Mar. 2026 was 1.93%.

The historical rank and industry rank for Bangkok Commercial Asset Management PCL's ROE % or its related term are showing as below:

BKK:BAM' s ROE % Range Over the Past 10 Years
Min: 3.51   Med: 6.23   Max: 25.72
Current: 4.05

During the past 10 years, Bangkok Commercial Asset Management PCL's highest ROE % was 25.72%. The lowest was 3.51%. And the median was 6.23%.

BKK:BAM's ROE % is ranked worse than
58.75% of 1612 companies
in the Asset Management industry
Industry Median: 6.395 vs BKK:BAM: 4.05

Bangkok Commercial Asset Management PCL  (BKK:BAM) 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
=866.604/44945.133
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(866.604 / 8023.444)*(8023.444 / 134608.8665)*(134608.8665 / 44945.133)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.8 %*0.0596*2.995
=ROA %*Equity Multiplier
=0.64 %*2.995
=1.93 %

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
=866.604/44945.133
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (866.604 / 1004.452) * (1004.452 / 2108.808) * (2108.808 / 8023.444) * (8023.444 / 134608.8665) * (134608.8665 / 44945.133)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8628 * 0.4763 * 26.28 % * 0.0596 * 2.995
=1.93 %

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.


Bangkok Commercial Asset Management PCL ROE % Related Terms


Bangkok Commercial Asset Management PCL ROE % Historical Data

* Premium members only.

The historical data trend for Bangkok Commercial Asset Management 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.

Bangkok Commercial Asset Management PCL ROE % Chart

Bangkok Commercial Asset Management 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 6.15 6.30 3.51 3.65 4.07

Bangkok Commercial Asset Management 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 1.96 11.63 1.64 1.05 1.93

BKK:BAM vs BLK, BX, KKR: ROE % Comparison

For the Asset Management subindustry, Bangkok Commercial Asset Management 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.


Bangkok Commercial Asset Management PCL ROE % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Bangkok Commercial Asset Management PCL's ROE % distribution charts can be found below:

* The bar in red indicates where Bangkok Commercial Asset Management PCL's ROE % falls into.


BKK:BAM
68GF Score
Bangkok Commercial Asset Management PCL BKK:BAM
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Bangkok Commercial Asset Management PCL ROE % Calculation

Bangkok Commercial Asset Management 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 )
=1812.27/( (44224.771+44913.612)/ 2 )
=1812.27/44569.1915
=4.07 %

Bangkok Commercial Asset Management 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 )
=866.604/( (44913.612+44976.654)/ 2 )
=866.604/44945.133
=1.93 %

* 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 1.93% mean?
Bangkok Commercial Asset Management PCL (BKK:BAM) has a ROE % of 1.93% 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 Bangkok Commercial Asset Management PCL and its competitors. This is 69% below median its historical median of 6.23. Over the past decade, Bangkok Commercial Asset Management PCL's ROE % has ranged from 3.51 to 25.72. According to the industry distribution chart, Bangkok Commercial Asset Management PCL ranks #947 out of 1612 companies in the Asset Management industry, placing it in the top 58.7%.
Is Bangkok Commercial Asset Management PCL's ROE % too high?
Bangkok Commercial Asset Management PCL's current ROE % of 1.93% is 69% below median its 10-year median of 6.23. Over the past 10 years, this metric has ranged from a low of 3.51 to a high of 25.72. The Asset Management industry median ROE % is 6.40. Bangkok Commercial Asset Management PCL's value of 1.93% is 69.8% below this industry median. Based on the distribution chart, Bangkok Commercial Asset Management PCL ranks #947 out of 1612 companies in the Asset Management industry, which is below the industry midpoint. Overall, Bangkok Commercial Asset Management PCL has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bangkok Commercial Asset Management PCL's ROE % compare to BLK and BX?
According to the Asset Management industry distribution chart, Bangkok Commercial Asset Management PCL ranks #947 out of 1612 companies for ROE %. This places Bangkok Commercial Asset Management PCL in the lower half of its industry. The industry median ROE % is 6.40. Bangkok Commercial Asset Management PCL's value of 1.93% is 69.8% below this benchmark. Historically, Bangkok Commercial Asset Management PCL's own ROE % has ranged from 3.51 to 25.72 over the past decade. While the company's 10-year median is 6.23 vs. the industry median of 6.40, Bangkok Commercial Asset Management 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 an Asset Management company?
The median ROE % among Asset Management companies is 6.40, based on 1,612 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. Bangkok Commercial Asset Management PCL's current ROE % of 1.93% is 69.8% 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 Bangkok Commercial Asset Management PCL and its competitors. For the Asset Management industry, the median ROE % is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangkok Commercial Asset Management PCL's current ROE % is 1.93%, which is 69% below median its own 10-year median of 6.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Commercial Asset Management PCL stock overvalued right now?
Based on GuruFocus' analysis, Bangkok Commercial Asset Management PCL (BKK:BAM) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿7.37, compared to a current price of ฿6.55 — trading 11.1% below its estimated fair value. The current ROE % is 1.93%, which is 69% below median its 10-year median of 6.23 and 69.8% below the Asset Management industry median of 6.40. Bangkok Commercial Asset Management PCL's overall GF Score™ is 68/100 with 5 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 Bangkok Commercial Asset Management PCL (BKK:BAM), the current ROE % is 1.93% 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 Bangkok Commercial Asset Management PCL (BKK:BAM) Overvalued in 2026?

Based on GuruFocus' analysis, Bangkok Commercial Asset Management PCL stock appears to be undervalued. The current stock price of ฿6.55 is trading 11.1% below its estimated GF Value™ of ฿7.37. GuruFocus considers Bangkok Commercial Asset Management PCL to be Modestly Undervalued.

Key valuation signals for BKK:BAM:

  • ROE %: 1.93% (69% below median its 10-year median of 6.23)
  • GF Value™: ฿7.37 vs. price of ฿6.55 (11.1% below fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 69.8% below the Asset Management median (#947 of 1612)

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


Bangkok Commercial Asset Management PCL Business Description

Other Exchanges BAM-F:Thailand
Address 99 Surasak Road, Silom Subdistrict, Bangrak District, Bangkok, THA, 10500
Bangkok Commercial Asset Management PCL engages in purchasing or receiving transfers of non-performing loans (NPLs) and non-performing assets (NPAs) for management and disposal. The Company focuses on asset management operations conducted only in Thailand. Its services include acquiring NPLs from financial institutions and managing them mainly through debt negotiation. It also acquires NPAs from financial institutions, including assets from debt settlements and collateral purchased at auctions from the Legal Execution Department, and adds value by improving and developing properties to make them ready for occupancy for target customers.
68GF Score

Get the complete analysis for BKK:BAM

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

฿6.55
Price
฿7.37
GF Value