Ramkhamhaeng Hospital PCL (BKK:RAM) ROE %: 4.46% (As of Mar. 2026) — 64% Below Median

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BKK:RAM Ramkhamhaeng Hospital PCL BKK:RAM
77 GF Score
Price ฿17.90
GF Value ฿45.41
Valuation Possible Value Trap
! 6 Warning Signs
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What is Ramkhamhaeng Hospital PCL ROE %?

Ramkhamhaeng Hospital PCL BKK:RAM -0.56% 77 ROE % is 4.46% as of Mar. 2026, which is 64% below its 10-year median of 12.30. GuruFocus rates BKK:RAM with a GF Score™ of 77/100 and a GF Value™ of ฿45.41 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 625 Healthcare Providers & Services companies, Ramkhamhaeng Hospital PCL ranks better than 72.8% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Ramkhamhaeng Hospital PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿981 Mil. Ramkhamhaeng Hospital PCL's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ฿22,003 Mil. Therefore, Ramkhamhaeng Hospital PCL's annualized ROE % for the quarter that ended in Mar. 2026 was 4.46%.

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

BKK:RAM' s ROE % Range Over the Past 10 Years
Min: 3.95   Med: 12.3   Max: 27.28
Current: 13.46

During the past 13 years, Ramkhamhaeng Hospital PCL's highest ROE % was 27.28%. The lowest was 3.95%. And the median was 12.30%.

BKK:RAM's ROE % is ranked better than
72.8% of 625 companies
in the Healthcare Providers & Services industry
Industry Median: 5.86 vs BKK:RAM: 13.46

Ramkhamhaeng Hospital PCL  (BKK:RAM) 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
=980.792/22002.5055
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(980.792 / 21500.512)*(21500.512 / 63788.594)*(63788.594 / 22002.5055)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.56 %*0.3371*2.8992
=ROA %*Equity Multiplier
=1.54 %*2.8992
=4.46 %

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
=980.792/22002.5055
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (980.792 / 1609.66) * (1609.66 / 1329.568) * (1329.568 / 21500.512) * (21500.512 / 63788.594) * (63788.594 / 22002.5055)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6093 * 1.2107 * 6.18 % * 0.3371 * 2.8992
=4.46 %

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.


Ramkhamhaeng Hospital PCL ROE % Related Terms


Ramkhamhaeng Hospital PCL ROE % Historical Data

* Premium members only.

The historical data trend for Ramkhamhaeng Hospital 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.

Ramkhamhaeng Hospital PCL ROE % Chart

Ramkhamhaeng Hospital 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 27.28 11.74 8.23 3.95 13.92

Ramkhamhaeng Hospital 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 7.48 5.85 5.77 36.98 4.46

BKK:RAM vs HCA, THC, DVA: ROE % Comparison

For the Medical Care Facilities subindustry, Ramkhamhaeng Hospital 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.


Ramkhamhaeng Hospital PCL ROE % vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Ramkhamhaeng Hospital PCL's ROE % distribution charts can be found below:

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


BKK:RAM
77GF Score
Ramkhamhaeng Hospital PCL BKK:RAM
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ramkhamhaeng Hospital PCL ROE % Calculation

Ramkhamhaeng Hospital 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 )
=2797.814/( (18406.2+21804.348)/ 2 )
=2797.814/20105.274
=13.92 %

Ramkhamhaeng Hospital 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 )
=980.792/( (21804.348+22200.663)/ 2 )
=980.792/22002.5055
=4.46 %

* 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 4.46% mean?
Ramkhamhaeng Hospital PCL (BKK:RAM) has a ROE % of 4.46% 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 Ramkhamhaeng Hospital PCL and its competitors. This is 64% below median its historical median of 12.30. Over the past decade, Ramkhamhaeng Hospital PCL's ROE % has ranged from 3.95 to 27.28. According to the industry distribution chart, Ramkhamhaeng Hospital PCL ranks #170 out of 625 companies in the Healthcare Providers & Services industry, placing it in the top 27.2%.
Is Ramkhamhaeng Hospital PCL's ROE % too high?
Ramkhamhaeng Hospital PCL's current ROE % of 4.46% is 64% below median its 10-year median of 12.30. Over the past 10 years, this metric has ranged from a low of 3.95 to a high of 27.28. The Healthcare Providers & Services industry median ROE % is 5.86. Ramkhamhaeng Hospital PCL's value of 4.46% is 23.9% below this industry median. Based on the distribution chart, Ramkhamhaeng Hospital PCL ranks #170 out of 625 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Ramkhamhaeng Hospital PCL has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ramkhamhaeng Hospital PCL's ROE % compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Ramkhamhaeng Hospital PCL ranks #170 out of 625 companies for ROE %. This puts Ramkhamhaeng Hospital PCL in the upper half of its industry. The industry median ROE % is 5.86. Ramkhamhaeng Hospital PCL's value of 4.46% is 23.9% below this benchmark. Historically, Ramkhamhaeng Hospital PCL's own ROE % has ranged from 3.95 to 27.28 over the past decade. While the company's 10-year median is 12.30 vs. the industry median of 5.86, Ramkhamhaeng Hospital 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 a Healthcare Providers & Services company?
The median ROE % among Healthcare Providers & Services companies is 5.86, based on 625 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. Ramkhamhaeng Hospital PCL's current ROE % of 4.46% is 23.9% 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 Ramkhamhaeng Hospital PCL and its competitors. For the Healthcare Providers & Services industry, the median ROE % is 5.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ramkhamhaeng Hospital PCL's current ROE % is 4.46%, which is 64% below median its own 10-year median of 12.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ramkhamhaeng Hospital PCL stock overvalued right now?
Based on GuruFocus' analysis, Ramkhamhaeng Hospital PCL (BKK:RAM) is currently considered Possible Value Trap. The stock's GF Value™ is ฿45.41, compared to a current price of ฿17.90 — trading 60.6% below its estimated fair value. The current ROE % is 4.46%, which is 64% below median its 10-year median of 12.30 and 23.9% below the Healthcare Providers & Services industry median of 5.86. Ramkhamhaeng Hospital PCL's overall GF Score™ is 77/100 with 6 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 Ramkhamhaeng Hospital PCL (BKK:RAM), the current ROE % is 4.46% 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 Ramkhamhaeng Hospital PCL (BKK:RAM) Overvalued in 2026?

Based on GuruFocus' analysis, Ramkhamhaeng Hospital PCL stock appears to be undervalued. The current stock price of ฿17.90 is trading 60.6% below its estimated GF Value™ of ฿45.41. GuruFocus considers Ramkhamhaeng Hospital PCL to be Possible Value Trap.

Key valuation signals for BKK:RAM:

  • ROE %: 4.46% (64% below median its 10-year median of 12.30)
  • GF Value™: ฿45.41 vs. price of ฿17.90 (60.6% below fair value)
  • GF Score™: 77/100 with 6 warning signs
  • Industry Position: 23.9% below the Healthcare Providers & Services median (#170 of 625)

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


Ramkhamhaeng Hospital PCL Business Description

Address 436 Ramkhamhaeng Road, Kwaeng Huamark, Khet Bangkapi, Bangkok, THA, 10240
Ramkhamhaeng Hospital PCL business activities are hospital and businesses that support medical care. The company provides medical treatment for all types of diseases by physicians and medical professionals in all specialties. Its medical services include the 24-hour Heart Center, RAM Pituitary Center for laparoscopic surgery for pituitary tumors, Neurology & Neurosurgery Center, and specialized medical centers such as Eye Clinic, Ear, Nose and Throat Clinic, Gastroenterology Clinic, Obstetrics and Gynecology Clinic, and Diabetes Clinic. The company operates through two segments: Hospital, which includes General Hospital and Hospital in Social Security and generates the maximum revenue; and Others, which includes sale of medical equipment and instruments. Its operations are in Thailand.
77GF Score

Get the complete analysis for BKK:RAM

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

฿17.90
Price
฿45.41
GF Value