Bangkok Expressway and Metro PCL (BKK:BEM) ROE %: 9.34% (As of Mar. 2026) — Near Median


BKK:BEM Bangkok Expressway and Metro PCL BKK:BEM
83 GF Score
Price ฿6.20
GF Value ฿7.73
Valuation Modestly Undervalued
! 13 Warning Signs
View Full Analysis

What is Bangkok Expressway and Metro PCL ROE %?

Bangkok Expressway and Metro PCL BKK:BEM -1.59% 83 ROE % is 9.34% as of Mar. 2026, which is 4% below its 10-year median of 9.72. GuruFocus rates BKK:BEM with a GF Score™ of 83/100 and a GF Value™ of ฿7.73 (Modestly Undervalued). The stock has 13 warning signs investors should review. Among 983 Transportation companies, Bangkok Expressway and Metro PCL ranks better than 62.67% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Bangkok Expressway and Metro PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿3,499 Mil. Bangkok Expressway and Metro PCL's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ฿37,465 Mil. Therefore, Bangkok Expressway and Metro PCL's annualized ROE % for the quarter that ended in Mar. 2026 was 9.34%.

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

BKK:BEM' s ROE % Range Over the Past 10 Years
Min: 2.67   Med: 9.72   Max: 15.98
Current: 10.36

During the past 13 years, Bangkok Expressway and Metro PCL's highest ROE % was 15.98%. The lowest was 2.67%. And the median was 9.72%.

BKK:BEM's ROE % is ranked better than
62.67% of 983 companies
in the Transportation industry
Industry Median: 7.6 vs BKK:BEM: 10.36

Bangkok Expressway and Metro PCL  (BKK:BEM) 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
=3499.108/37465.352
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(3499.108 / 17130.068)*(17130.068 / 165721.298)*(165721.298 / 37465.352)
=Net Margin %*Asset Turnover*Equity Multiplier
=20.43 %*0.1034*4.4233
=ROA %*Equity Multiplier
=2.11 %*4.4233
=9.34 %

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
=3499.108/37465.352
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (3499.108 / 4360.828) * (4360.828 / 6545.316) * (6545.316 / 17130.068) * (17130.068 / 165721.298) * (165721.298 / 37465.352)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8024 * 0.6663 * 38.21 % * 0.1034 * 4.4233
=9.34 %

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 Expressway and Metro PCL ROE % Related Terms


Bangkok Expressway and Metro PCL ROE % Historical Data

* Premium members only.

The historical data trend for Bangkok Expressway and Metro 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 Expressway and Metro PCL ROE % Chart

Bangkok Expressway and Metro 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 2.67 6.50 9.29 10.15 10.28

Bangkok Expressway and Metro 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 9.55 11.17 12.11 9.11 9.34

BKK:BEM vs UNP, CSX, NSC: ROE % Comparison

For the Railroads subindustry, Bangkok Expressway and Metro 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 Expressway and Metro PCL ROE % vs Transportation Industry

For the Transportation industry and Industrials sector, Bangkok Expressway and Metro PCL's ROE % distribution charts can be found below:

* The bar in red indicates where Bangkok Expressway and Metro PCL's ROE % falls into.


BKK:BEM
83GF Score
Bangkok Expressway and Metro PCL BKK:BEM
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bangkok Expressway and Metro PCL ROE % Calculation

Bangkok Expressway and Metro 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 )
=3780.81/( (36558.553+37001.471)/ 2 )
=3780.81/36780.012
=10.28 %

Bangkok Expressway and Metro 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 )
=3499.108/( (37001.471+37929.233)/ 2 )
=3499.108/37465.352
=9.34 %

* 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 9.34% mean?
Bangkok Expressway and Metro PCL (BKK:BEM) has a ROE % of 9.34% 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 Expressway and Metro PCL and its competitors. This is near median its historical median of 9.72. Over the past decade, Bangkok Expressway and Metro PCL's ROE % has ranged from 2.67 to 15.98. According to the industry distribution chart, Bangkok Expressway and Metro PCL ranks #367 out of 983 companies in the Transportation industry, placing it in the top 37.3%.
Is Bangkok Expressway and Metro PCL's ROE % too high?
Bangkok Expressway and Metro PCL's current ROE % of 9.34% is near median its 10-year median of 9.72. Over the past 10 years, this metric has ranged from a low of 2.67 to a high of 15.98. The Transportation industry median ROE % is 7.60. Bangkok Expressway and Metro PCL's value of 9.34% is 22.9% above this industry median. Based on the distribution chart, Bangkok Expressway and Metro PCL ranks #367 out of 983 companies in the Transportation industry, which is above the industry midpoint. Overall, Bangkok Expressway and Metro PCL has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bangkok Expressway and Metro PCL's ROE % compare to UNP and CSX?
According to the Transportation industry distribution chart, Bangkok Expressway and Metro PCL ranks #367 out of 983 companies for ROE %. This puts Bangkok Expressway and Metro PCL in the upper half of its industry. The industry median ROE % is 7.60. Bangkok Expressway and Metro PCL's value of 9.34% is 22.9% above this benchmark. Historically, Bangkok Expressway and Metro PCL's own ROE % has ranged from 2.67 to 15.98 over the past decade. While the company's 10-year median is 9.72 vs. the industry median of 7.60, Bangkok Expressway and Metro 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 Transportation company?
The median ROE % among Transportation companies is 7.60, based on 983 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 Expressway and Metro PCL's current ROE % of 9.34% is 22.9% 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 Bangkok Expressway and Metro PCL and its competitors. For the Transportation industry, the median ROE % is 7.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangkok Expressway and Metro PCL's current ROE % is 9.34%, which is near median its own 10-year median of 9.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Expressway and Metro PCL stock overvalued right now?
Based on GuruFocus' analysis, Bangkok Expressway and Metro PCL (BKK:BEM) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿7.73, compared to a current price of ฿6.20 — trading 19.8% below its estimated fair value. The current ROE % is 9.34%, which is near median its 10-year median of 9.72 and 22.9% above the Transportation industry median of 7.60. Bangkok Expressway and Metro PCL's overall GF Score™ is 83/100 with 13 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 Expressway and Metro PCL (BKK:BEM), the current ROE % is 9.34% 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 Expressway and Metro PCL (BKK:BEM) Overvalued in 2026?

Based on GuruFocus' analysis, Bangkok Expressway and Metro PCL stock appears to be undervalued. The current stock price of ฿6.20 is trading 19.8% below its estimated GF Value™ of ฿7.73. GuruFocus considers Bangkok Expressway and Metro PCL to be Modestly Undervalued.

Key valuation signals for BKK:BEM:

  • ROE %: 9.34% (near median its 10-year median of 9.72)
  • GF Value™: ฿7.73 vs. price of ฿6.20 (19.8% below fair value)
  • GF Score™: 83/100 with 13 warning signs
  • Industry Position: 22.9% above the Transportation median (#367 of 983)

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


Bangkok Expressway and Metro PCL Business Description

Other Exchanges BEM-F:Thailand
Address 587 Sutthisarn Road, Ratchacaphisek Subdistrict, Dindaeng District, Bangkok, THA, 10310
Bangkok Expressway and Metro PCL and its subsidiaries are engaged in the construction and management of expressways and the operation of metro lines and commercial development in Thailand. Along with the operation of the Metro Blue Line, the company also handles the advertising and telecommunications maintenance in the trains and stations. Its segments include the Expressway business segment; Rail business segment; Commercial development business segment; and Other segments. The maximum revenue is derived from the Expressway business segment.
83GF Score

Get the complete analysis for BKK:BEM

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

฿6.20
Price
฿7.73
GF Value