Panjawattana Plastic PCL (BKK:PJW) ROE %: 8.38% (As of Mar. 2026) — 16% Below Median

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BKK:PJW Panjawattana Plastic PCL BKK:PJW
78 GF Score
Price ฿2.10
GF Value ฿2.95
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Panjawattana Plastic PCL ROE %?

Panjawattana Plastic PCL BKK:PJW +0.96% 78 ROE % is 8.38% as of Mar. 2026, which is 16% below its 10-year median of 9.98. GuruFocus rates BKK:PJW with a GF Score™ of 78/100 and a GF Value™ of ฿2.95 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 392 Packaging & Containers companies, Panjawattana Plastic PCL ranks better than 71.94% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Panjawattana Plastic PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿122 Mil. Panjawattana Plastic PCL's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ฿1,454 Mil. Therefore, Panjawattana Plastic PCL's annualized ROE % for the quarter that ended in Mar. 2026 was 8.38%.

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

BKK:PJW' s ROE % Range Over the Past 10 Years
Min: -1.14   Med: 9.98   Max: 14.78
Current: 9.93

During the past 13 years, Panjawattana Plastic PCL's highest ROE % was 14.78%. The lowest was -1.14%. And the median was 9.98%.

BKK:PJW's ROE % is ranked better than
71.94% of 392 companies
in the Packaging & Containers industry
Industry Median: 5.375 vs BKK:PJW: 9.93

Panjawattana Plastic PCL  (BKK:PJW) 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
=121.82/1454.0085
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(121.82 / 3791.084)*(3791.084 / 3863.4435)*(3863.4435 / 1454.0085)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.21 %*0.9813*2.6571
=ROA %*Equity Multiplier
=3.15 %*2.6571
=8.38 %

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
=121.82/1454.0085
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (121.82 / 141.728) * (141.728 / 200.656) * (200.656 / 3791.084) * (3791.084 / 3863.4435) * (3863.4435 / 1454.0085)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8595 * 0.7063 * 5.29 % * 0.9813 * 2.6571
=8.38 %

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.


Panjawattana Plastic PCL ROE % Related Terms


Panjawattana Plastic PCL ROE % Historical Data

* Premium members only.

The historical data trend for Panjawattana Plastic 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.

Panjawattana Plastic PCL ROE % Chart

Panjawattana Plastic 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 14.78 6.86 11.62 9.09 11.49

Panjawattana Plastic 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 15.59 10.63 11.56 9.33 8.38

BKK:PJW vs SW, PKG, IP: ROE % Comparison

For the Packaging & Containers subindustry, Panjawattana Plastic 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.


Panjawattana Plastic PCL ROE % vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Panjawattana Plastic PCL's ROE % distribution charts can be found below:

* The bar in red indicates where Panjawattana Plastic PCL's ROE % falls into.


BKK:PJW
78GF Score
Panjawattana Plastic PCL BKK:PJW
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Panjawattana Plastic PCL ROE % Calculation

Panjawattana Plastic 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 )
=164.484/( (1430.306+1432.278)/ 2 )
=164.484/1431.292
=11.49 %

Panjawattana Plastic 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 )
=121.82/( (1432.278+1475.739)/ 2 )
=121.82/1454.0085
=8.38 %

* 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 8.38% mean?
Panjawattana Plastic PCL (BKK:PJW) has a ROE % of 8.38% 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 Panjawattana Plastic PCL and its competitors. This is 16% below median its historical median of 9.98. According to the industry distribution chart, Panjawattana Plastic PCL ranks #110 out of 392 companies in the Packaging & Containers industry, placing it in the top 28.1%.
Is Panjawattana Plastic PCL's ROE % too high?
Panjawattana Plastic PCL's current ROE % of 8.38% is 16% below median its 10-year median of 9.98. The Packaging & Containers industry median ROE % is 5.38. Panjawattana Plastic PCL's value of 8.38% is 55.9% above this industry median. Based on the distribution chart, Panjawattana Plastic PCL ranks #110 out of 392 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Panjawattana Plastic PCL has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Panjawattana Plastic PCL's ROE % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Panjawattana Plastic PCL ranks #110 out of 392 companies for ROE %. This puts Panjawattana Plastic PCL in the upper half of its industry. The industry median ROE % is 5.38. Panjawattana Plastic PCL's value of 8.38% is 55.9% above this benchmark. While the company's 10-year median is 9.98 vs. the industry median of 5.38, Panjawattana Plastic 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 Packaging & Containers company?
The median ROE % among Packaging & Containers companies is 5.38, based on 392 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. Panjawattana Plastic PCL's current ROE % of 8.38% is 55.9% 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 Panjawattana Plastic PCL and its competitors. For the Packaging & Containers industry, the median ROE % is 5.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Panjawattana Plastic PCL's current ROE % is 8.38%, which is 16% below median its own 10-year median of 9.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panjawattana Plastic PCL stock overvalued right now?
Based on GuruFocus' analysis, Panjawattana Plastic PCL (BKK:PJW) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.95, compared to a current price of ฿2.10 — trading 28.8% below its estimated fair value. The current ROE % is 8.38%, which is 16% below median its 10-year median of 9.98 and 55.9% above the Packaging & Containers industry median of 5.38. Panjawattana Plastic PCL's overall GF Score™ is 78/100 with 4 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 Panjawattana Plastic PCL (BKK:PJW), the current ROE % is 8.38% 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 Panjawattana Plastic PCL (BKK:PJW) Overvalued in 2026?

Based on GuruFocus' analysis, Panjawattana Plastic PCL stock appears to be undervalued. The current stock price of ฿2.10 is trading 28.8% below its estimated GF Value™ of ฿2.95. GuruFocus considers Panjawattana Plastic PCL to be Modestly Undervalued.

Key valuation signals for BKK:PJW:

  • ROE %: 8.38% (16% below median its 10-year median of 9.98)
  • GF Value™: ฿2.95 vs. price of ฿2.10 (28.8% below fair value)
  • GF Score™: 78/100 with 4 warning signs
  • Industry Position: 55.9% above the Packaging & Containers median (#110 of 392)

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


Panjawattana Plastic PCL Business Description

Address Ekachai Road, No. 19 and 21 Soi Ekachai 63, Kwang Klong Bangbon, Khet Bangbon, Bangkok, THA, 10150
Panjawattana Plastic PCL is manufacturer and distributor of packaging for consumer product, Agro chemical, automotive parts and materials from plastic imitation. The company operates its business through the following segments, Samuthsakhon Plant, Chonburi Plant, Bangkok Plant, Jiangsu Plant, Tianjin Plant, Service, and the Business trading segment. It produces and supplies plastic containers and closures such as lubricant packaging, milk and yoghurt packaging, consumer goods packaging and chemicals liquid packaging, and plastic automotive parts of high quality and with custom designs according to clients' requirements for each of their specific brands.
78GF Score

Get the complete analysis for BKK:PJW

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

฿2.10
Price
฿2.95
GF Value