PSG PCL (BKK:PSGC) ROE %: 19.43% (As of Mar. 2026)


BKK:PSGC PSG Corp PCL BKK:PSGC
68 GF Score
Price ฿5.10
GF Value ฿15.90
Valuation Possible Value Trap
! 5 Warning Signs
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What is PSG PCL ROE %?

PSG PCL BKK:PSGC 68 ROE % is 19.43% as of Mar. 2026. GuruFocus rates BKK:PSGC with a GF Score™ of 68/100 and a GF Value™ of ฿15.90 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,743 Construction companies, PSG PCL ranks better than 65.58% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. PSG PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿968 Mil. PSG PCL's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ฿4,983 Mil. Therefore, PSG PCL's annualized ROE % for the quarter that ended in Mar. 2026 was 19.43%.

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

BKK:PSGC' s ROE % Range Over the Past 10 Years
Min: -52.42   Med: -11.5   Max: 54.91
Current: 10.88

During the past 13 years, PSG PCL's highest ROE % was 54.91%. The lowest was -52.42%. And the median was -11.50%.

BKK:PSGC's ROE % is ranked better than
65.58% of 1743 companies
in the Construction industry
Industry Median: 6.69 vs BKK:PSGC: 10.88

PSG PCL  (BKK:PSGC) 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
=968.336/4982.9115
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(968.336 / 9724.212)*(9724.212 / 8103.373)*(8103.373 / 4982.9115)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.96 %*1.2*1.6262
=ROA %*Equity Multiplier
=11.95 %*1.6262
=19.43 %

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
=968.336/4982.9115
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (968.336 / 1376.848) * (1376.848 / 944.076) * (944.076 / 9724.212) * (9724.212 / 8103.373) * (8103.373 / 4982.9115)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7033 * 1.4584 * 9.71 % * 1.2 * 1.6262
=19.43 %

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.


PSG PCL ROE % Related Terms


PSG PCL ROE % Historical Data

* Premium members only.

The historical data trend for PSG 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.

PSG PCL ROE % Chart

PSG 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 -9.26 36.78 54.91 38.13 8.08

PSG 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 8.71 1.66 16.01 5.98 19.43

BKK:PSGC vs PWR, FIX, EME: ROE % Comparison

For the Engineering & Construction subindustry, PSG 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.


PSG PCL ROE % vs Construction Industry

For the Construction industry and Industrials sector, PSG PCL's ROE % distribution charts can be found below:

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


BKK:PSGC
68GF Score
PSG Corp PCL BKK:PSGC
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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PSG PCL ROE % Calculation

PSG 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 )
=377.485/( (4490.229+4849.07)/ 2 )
=377.485/4669.6495
=8.08 %

PSG 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 )
=968.336/( (4849.07+5116.753)/ 2 )
=968.336/4982.9115
=19.43 %

* 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 19.43% mean?
PSG PCL (BKK:PSGC) has a ROE % of 19.43% 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 PSG PCL and its competitors. According to the industry distribution chart, PSG PCL ranks #600 out of 1743 companies in the Construction industry, placing it in the top 34.4%.
Is PSG PCL's ROE % too high?
PSG PCL's current ROE % is 19.43%. The Construction industry median ROE % is 6.69. PSG PCL's value of 19.43% is 190.4% above this industry median. Based on the distribution chart, PSG PCL ranks #600 out of 1743 companies in the Construction industry, which is above the industry midpoint. Overall, PSG PCL has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PSG PCL's ROE % compare to PWR and FIX?
According to the Construction industry distribution chart, PSG PCL ranks #600 out of 1743 companies for ROE %. This puts PSG PCL in the upper half of its industry. The industry median ROE % is 6.69. PSG PCL's value of 19.43% is 190.4% above this benchmark. 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 Construction company?
The median ROE % among Construction companies is 6.69, based on 1,743 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. PSG PCL's current ROE % of 19.43% is 190.4% 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 PSG PCL and its competitors. For the Construction industry, the median ROE % is 6.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PSG PCL's current ROE % is 19.43%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PSG PCL stock overvalued right now?
Based on GuruFocus' analysis, PSG PCL (BKK:PSGC) is currently considered Possible Value Trap. The stock's GF Value™ is ฿15.90, compared to a current price of ฿5.10 — trading 67.9% below its estimated fair value. The current ROE % is 19.43% and 190.4% above the Construction industry median of 6.69. PSG 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 PSG PCL (BKK:PSGC), the current ROE % is 19.43% 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 PSG PCL (BKK:PSGC) Overvalued in 2026?

Based on GuruFocus' analysis, PSG PCL stock appears to be undervalued. The current stock price of ฿5.10 is trading 67.9% below its estimated GF Value™ of ฿15.90. GuruFocus considers PSG PCL to be Possible Value Trap.

Key valuation signals for BKK:PSGC:

  • ROE %: 19.43%
  • GF Value™: ฿15.90 vs. price of ฿5.10 (67.9% below fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 190.4% above the Construction median (#600 of 1743)

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


PSG PCL Business Description

Address South Sathorn Road, 11/1 AIA Sathorn Tower, 21st Floor, Yannawa, Sathorn, Bangkok, THA, 10600
PSG Corp PCL is engaged in plant and building constructions and other related services. The company constructs industrial factories, warehouses, office buildings, hospitals, shopping malls, residential buildings, and condominiums as well as systems work, utility, and machinery installation.
68GF Score

Get the complete analysis for BKK:PSGC

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

฿5.10
Price
฿15.90
GF Value