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.
* 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 Insurance - Property & Casualty subindustry, Navakij Insurance 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.
Navakij Insurance PCL ROE % vs Insurance Industry
For the Insurance industry and Financial Services sector, Navakij Insurance PCL's ROE % distribution charts can be found below:
* The bar in red indicates where Navakij Insurance 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.
Navakij Insurance PCL (BKK:NKI-R) has a ROE % of 2.87% 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 Navakij Insurance PCL and its competitors. This is 14% above median its historical median of 2.52. According to the industry distribution chart, Navakij Insurance PCL ranks #481 out of 502 companies in the Insurance industry, placing it in the top 95.8%.
Is Navakij Insurance PCL's ROE % too high?
Navakij Insurance PCL's current ROE % of 2.87% is 14% above median its 10-year median of 2.52. The Insurance industry median ROE % is 11.73. Navakij Insurance PCL's value of 2.87% is 75.5% below this industry median. Based on the distribution chart, Navakij Insurance PCL ranks #481 out of 502 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Navakij Insurance PCL has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Navakij Insurance PCL's ROE % compare to CB and PGR?
According to the Insurance industry distribution chart, Navakij Insurance PCL ranks #481 out of 502 companies for ROE %. This places Navakij Insurance PCL in the lower half of its industry. The industry median ROE % is 11.73. Navakij Insurance PCL's value of 2.87% is 75.5% below this benchmark. While the company's 10-year median is 2.52 vs. the industry median of 11.73, Navakij Insurance 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 Insurance company?
The median ROE % among Insurance companies is 11.73, based on 502 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. Navakij Insurance PCL's current ROE % of 2.87% is 75.5% 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 Navakij Insurance PCL and its competitors. For the Insurance industry, the median ROE % is 11.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Navakij Insurance PCL's current ROE % is 2.87%, which is 14% above median its own 10-year median of 2.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Navakij Insurance PCL stock overvalued right now?
Navakij Insurance PCL (BKK:NKI-R) has a current ROE % of 2.87%. The stock's GF Value™ is ฿17.38, compared to a current price of ฿13.00 — trading 25.2% below its estimated fair value. The current ROE % is 2.87%, which is 14% above median its 10-year median of 2.52 and 75.5% below the Insurance industry median of 11.73. Navakij Insurance PCL's overall GF Score™ is 59/100 with 1 warning sign 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 Navakij Insurance PCL (BKK:NKI-R), the current ROE % is 2.87% 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 Navakij Insurance PCL (BKK:NKI-R) Overvalued in 2026?
Based on GuruFocus' analysis, Navakij Insurance PCL stock appears to be undervalued.
The current stock price of ฿13.00 is trading 25.2% below its estimated GF Value™ of ฿17.38.
Key valuation signals for BKK:NKI-R:
ROE %: 2.87% (14% above median its 10-year median of 2.52)
GF Value™: ฿17.38 vs. price of ฿13.00 (25.2% below fair value)
Industry Position: 75.5% below the Insurance median (#481 of 502)
No single metric tells the full story. See the BKK:NKI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Navakij Insurance PCL is engaged in the provision of non-life insurance. The different kinds of insurance offered by the company include Motor Insurance, Fire Insurance, Marine and Transportation Insurance, and miscellaneous Insurance. The company operates its business in Thailand only.
59GF Score
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