Polynet PCLBKK:POLY -1.46%84 ROE % is 22.16% as of Mar. 2026, which is 28% above its 10-year median of 17.28. GuruFocus rates BKK:POLY with a GF Score™ of 84/100 and a GF Value™ of ฿8.98 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 3,004 Industrial Products companies, Polynet PCL ranks better than 90.11% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Polynet PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿288 Mil. Polynet PCL's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ฿1,298 Mil. Therefore, Polynet PCL's annualized ROE % for the quarter that ended in Mar. 2026 was 22.16%.
The historical rank and industry rank for Polynet PCL's ROE % or its related term are showing as below:
BKK:POLY'
s ROE % Range Over the Past 10 Years
Min: 4.67 Med: 17.28 Max: 22.96
Current: 20.54
During the past 6 years, Polynet PCL's highest ROE % was 22.96%. The lowest was 4.67%. And the median was 17.28%.
BKK:POLY's ROE % is ranked better than 90.11% of 3004
companies
in the Industrial Products industry
Industry Median: 5.865
vs BKK:POLY: 20.54
Polynet PCL (BKK:POLY) 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.
Polynet PCL ROE % Related Terms
Polynet PCL ROE % Historical Data
* Premium members only.
The historical data trend for Polynet 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 Metal Fabrication subindustry, Polynet 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.
Polynet PCL ROE % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Polynet PCL's ROE % distribution charts can be found below:
* The bar in red indicates where Polynet 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.
Polynet PCL (BKK:POLY) has a ROE % of 22.16% 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 Polynet PCL and its competitors. This is 28% above median its historical median of 17.28. Over the past decade, Polynet PCL's ROE % has ranged from 4.67 to 22.96. According to the industry distribution chart, Polynet PCL ranks #297 out of 3004 companies in the Industrial Products industry, placing it in the top 9.9%.
Is Polynet PCL's ROE % too high?
Polynet PCL's current ROE % of 22.16% is 28% above median its 10-year median of 17.28. Over the past 10 years, this metric has ranged from a low of 4.67 to a high of 22.96. The Industrial Products industry median ROE % is 5.87. Polynet PCL's value of 22.16% is 277.8% above this industry median. Based on the distribution chart, Polynet PCL ranks #297 out of 3004 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Polynet PCL has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Polynet PCL's ROE % compare to ATI and CRS?
According to the Industrial Products industry distribution chart, Polynet PCL ranks #297 out of 3004 companies for ROE %. This places Polynet PCL in the top 10% of its industry — outperforming the majority of peers. The industry median ROE % is 5.87. Polynet PCL's value of 22.16% is 277.8% above this benchmark. Historically, Polynet PCL's own ROE % has ranged from 4.67 to 22.96 over the past decade. While the company's 10-year median is 17.28 vs. the industry median of 5.87, Polynet 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 an Industrial Products company?
The median ROE % among Industrial Products companies is 5.87, based on 3,004 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. Polynet PCL's current ROE % of 22.16% is 277.8% 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 Polynet PCL and its competitors. For the Industrial Products industry, the median ROE % is 5.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polynet PCL's current ROE % is 22.16%, which is 28% above median its own 10-year median of 17.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polynet PCL stock overvalued right now?
Based on GuruFocus' analysis, Polynet PCL (BKK:POLY) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿8.98, compared to a current price of ฿6.75 — trading 24.8% below its estimated fair value. The current ROE % is 22.16%, which is 28% above median its 10-year median of 17.28 and 277.8% above the Industrial Products industry median of 5.87. Polynet PCL's overall GF Score™ is 84/100 with 2 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 Polynet PCL (BKK:POLY), the current ROE % is 22.16% 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 Polynet PCL (BKK:POLY) Overvalued in 2026?
Based on GuruFocus' analysis, Polynet PCL stock appears to be undervalued.
The current stock price of ฿6.75 is trading 24.8% below its estimated GF Value™ of ฿8.98.
GuruFocus considers Polynet PCL to be Modestly Undervalued.
Key valuation signals for BKK:POLY:
ROE %: 22.16% (28% above median its 10-year median of 17.28)
GF Value™: ฿8.98 vs. price of ฿6.75 (24.8% below fair value)
Industry Position: 277.8% above the Industrial Products median (#297 of 3004)
No single metric tells the full story. See the BKK:POLY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polynet PCL is engaged in the forming, manufacturing and distributing of products related to rubber, plastic, silicone, and molds for the automotive industry, medical tools and equipment, and consumer products. The company generates majority of its revenue from automotive industry.
84GF Score
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