M.C.S. Steel PCLBKK:MCS 68 ROE % is 9.56% as of Mar. 2026, which is 51% below its 10-year median of 19.67. GuruFocus rates BKK:MCS with a GF Score™ of 68/100 and a GF Value™ of ฿6.51 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 622 Steel companies, M.C.S. Steel PCL ranks better than 93.25% on this metric.
The historical rank and industry rank for M.C.S. Steel PCL's ROE % or its related term are showing as below:
BKK:MCS'
s ROE % Range Over the Past 10 Years
Min: 2.91 Med: 19.67 Max: 47.11
Current: 20.77
During the past 13 years, M.C.S. Steel PCL's highest ROE % was 47.11%. The lowest was 2.91%. And the median was 19.67%.
BKK:MCS's ROE % is ranked better than 93.25% of 622
companies
in the Steel industry
Industry Median: 3.69
vs BKK:MCS: 20.77
M.C.S. Steel PCL (BKK:MCS) 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.
M.C.S. Steel PCL ROE % Related Terms
M.C.S. Steel PCL ROE % Historical Data
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The historical data trend for M.C.S. Steel 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 Steel subindustry, M.C.S. Steel 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.
M.C.S. Steel PCL ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, M.C.S. Steel PCL's ROE % distribution charts can be found below:
* The bar in red indicates where M.C.S. Steel 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.
M.C.S. Steel PCL (BKK:MCS) has a ROE % of 9.56% 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 M.C.S. Steel PCL and its competitors. This is 51% below median its historical median of 19.67. Over the past decade, M.C.S. Steel PCL's ROE % has ranged from 2.91 to 47.11. According to the industry distribution chart, M.C.S. Steel PCL ranks #42 out of 622 companies in the Steel industry, placing it in the top 6.8%.
Is M.C.S. Steel PCL's ROE % too high?
M.C.S. Steel PCL's current ROE % of 9.56% is 51% below median its 10-year median of 19.67. Over the past 10 years, this metric has ranged from a low of 2.91 to a high of 47.11. The Steel industry median ROE % is 3.69. M.C.S. Steel PCL's value of 9.56% is 159.1% above this industry median. Based on the distribution chart, M.C.S. Steel PCL ranks #42 out of 622 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, M.C.S. Steel 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 M.C.S. Steel PCL's ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, M.C.S. Steel PCL ranks #42 out of 622 companies for ROE %. This places M.C.S. Steel PCL in the top 7% of its industry — outperforming the majority of peers. The industry median ROE % is 3.69. M.C.S. Steel PCL's value of 9.56% is 159.1% above this benchmark. Historically, M.C.S. Steel PCL's own ROE % has ranged from 2.91 to 47.11 over the past decade. While the company's 10-year median is 19.67 vs. the industry median of 3.69, M.C.S. Steel 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 Steel company?
The median ROE % among Steel companies is 3.69, based on 622 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. M.C.S. Steel PCL's current ROE % of 9.56% is 159.1% 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 M.C.S. Steel PCL and its competitors. For the Steel industry, the median ROE % is 3.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M.C.S. Steel PCL's current ROE % is 9.56%, which is 51% below median its own 10-year median of 19.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M.C.S. Steel PCL stock overvalued right now?
Based on GuruFocus' analysis, M.C.S. Steel PCL (BKK:MCS) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿6.51, compared to a current price of ฿7.65 — trading 17.5% above its estimated fair value. The current ROE % is 9.56%, which is 51% below median its 10-year median of 19.67 and 159.1% above the Steel industry median of 3.69. M.C.S. Steel 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 M.C.S. Steel PCL (BKK:MCS), the current ROE % is 9.56% 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 M.C.S. Steel PCL (BKK:MCS) Overvalued in 2026?
Based on GuruFocus' analysis, M.C.S. Steel PCL stock appears to be overvalued.
The current stock price of ฿7.65 is trading 17.5% above its estimated GF Value™ of ฿6.51.
GuruFocus considers M.C.S. Steel PCL to be Modestly Overvalued.
Key valuation signals for BKK:MCS:
ROE %: 9.56% (51% below median its 10-year median of 19.67)
GF Value™: ฿6.51 vs. price of ฿7.65 (17.5% above fair value)
Industry Position: 159.1% above the Steel median (#42 of 622)
No single metric tells the full story. See the BKK:MCS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
M.C.S. Steel PCL is engaged in the production and distribution of structural steel products for building construction and residential development projects for sale. It provides and exports steel structure works for various projects. The company's services include engineering design, parts, and quality control. The company's product and services portfolio includes Fabrication and sale of structural steel of which substantial income is earned, Fabrication including installation of structural steel, and Rendering of services. The business operates in three geographical segments: Thailand, Japan, and China. Key revenue is earned from domestic sales.
68GF Score
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