Ratch Group PCL (BKK:RATCH-F) ROE %: 5.10% (As of Mar. 2026) — 47% Below Median


BKK:RATCH-F Ratch Group PCL BKK:RATCH-F
63 GF Score
Price ฿32.00
GF Value ฿28.40
! 9 Warning Signs
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What is Ratch Group PCL ROE %?

Ratch Group PCL BKK:RATCH-F 63 ROE % is 5.10% as of Mar. 2026, which is 47% below its 10-year median of 9.67. GuruFocus rates BKK:RATCH-F with a GF Score™ of 63/100 and a GF Value™ of ฿28.40. The stock has 9 warning signs investors should review. Among 503 Utilities - Regulated companies, Ratch Group PCL ranks worse than 64.02% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Ratch Group PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿4,913 Mil. Ratch Group PCL's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ฿96,362 Mil. Therefore, Ratch Group PCL's annualized ROE % for the quarter that ended in Mar. 2026 was 5.10%.

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

BKK:RATCH-F' s ROE % Range Over the Past 10 Years
Min: 5.27   Med: 9.67   Max: 11.95
Current: 6.48

During the past 13 years, Ratch Group PCL's highest ROE % was 11.95%. The lowest was 5.27%. And the median was 9.67%.

BKK:RATCH-F's ROE % is ranked worse than
64.02% of 503 companies
in the Utilities - Regulated industry
Industry Median: 8.62 vs BKK:RATCH-F: 6.48

Ratch Group PCL  (BKK:RATCH-F) 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
=4913.004/96361.6005
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(4913.004 / 42870.536)*(42870.536 / 238593.3515)*(238593.3515 / 96361.6005)
=Net Margin %*Asset Turnover*Equity Multiplier
=11.46 %*0.1797*2.476
=ROA %*Equity Multiplier
=2.06 %*2.476
=5.10 %

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
=4913.004/96361.6005
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (4913.004 / 6078.936) * (6078.936 / 4692.232) * (4692.232 / 42870.536) * (42870.536 / 238593.3515) * (238593.3515 / 96361.6005)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8082 * 1.2955 * 10.95 % * 0.1797 * 2.476
=5.10 %

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.


Ratch Group PCL ROE % Related Terms


Ratch Group PCL ROE % Historical Data

* Premium members only.

The historical data trend for Ratch Group 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.

Ratch Group PCL ROE % Chart

Ratch Group 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 11.95 6.87 5.27 6.27 6.52

Ratch Group 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 4.99 8.53 9.15 3.30 5.10

BKK:RATCH-F vs NEE, SO, DUK: ROE % Comparison

For the Utilities - Regulated Electric subindustry, Ratch Group 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.


Ratch Group PCL ROE % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Ratch Group PCL's ROE % distribution charts can be found below:

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


BKK:RATCH-F
63GF Score
Ratch Group PCL BKK:RATCH-F
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ratch Group PCL ROE % Calculation

Ratch Group 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 )
=6220.432/( (97382.18+93451.053)/ 2 )
=6220.432/95416.6165
=6.52 %

Ratch Group 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 )
=4913.004/( (93451.053+99272.148)/ 2 )
=4913.004/96361.6005
=5.10 %

* 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 5.10% mean?
Ratch Group PCL (BKK:RATCH-F) has a ROE % of 5.10% 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 Ratch Group PCL and its competitors. This is 47% below median its historical median of 9.67. Over the past decade, Ratch Group PCL's ROE % has ranged from 5.27 to 11.95. According to the industry distribution chart, Ratch Group PCL ranks #322 out of 503 companies in the Utilities - Regulated industry, placing it in the top 64%.
Is Ratch Group PCL's ROE % too high?
Ratch Group PCL's current ROE % of 5.10% is 47% below median its 10-year median of 9.67. Over the past 10 years, this metric has ranged from a low of 5.27 to a high of 11.95. The Utilities - Regulated industry median ROE % is 8.62. Ratch Group PCL's value of 5.10% is 40.8% below this industry median. Based on the distribution chart, Ratch Group PCL ranks #322 out of 503 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Ratch Group PCL has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Ratch Group PCL's ROE % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Ratch Group PCL ranks #322 out of 503 companies for ROE %. This places Ratch Group PCL in the lower half of its industry. The industry median ROE % is 8.62. Ratch Group PCL's value of 5.10% is 40.8% below this benchmark. Historically, Ratch Group PCL's own ROE % has ranged from 5.27 to 11.95 over the past decade. While the company's 10-year median is 9.67 vs. the industry median of 8.62, Ratch Group 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 Utilities - Regulated company?
The median ROE % among Utilities - Regulated companies is 8.62, based on 503 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. Ratch Group PCL's current ROE % of 5.10% is 40.8% 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 Ratch Group PCL and its competitors. For the Utilities - Regulated industry, the median ROE % is 8.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratch Group PCL's current ROE % is 5.10%, which is 47% below median its own 10-year median of 9.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratch Group PCL stock overvalued right now?
Ratch Group PCL (BKK:RATCH-F) has a current ROE % of 5.10%. The stock's GF Value™ is ฿28.40, compared to a current price of ฿32.00 — trading 12.7% above its estimated fair value. The current ROE % is 5.10%, which is 47% below median its 10-year median of 9.67 and 40.8% below the Utilities - Regulated industry median of 8.62. Ratch Group PCL's overall GF Score™ is 63/100 with 9 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 Ratch Group PCL (BKK:RATCH-F), the current ROE % is 5.10% 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 Ratch Group PCL (BKK:RATCH-F) Overvalued in 2026?

Based on GuruFocus' analysis, Ratch Group PCL stock appears to be overvalued. The current stock price of ฿32.00 is trading 12.7% above its estimated GF Value™ of ฿28.40.

Key valuation signals for BKK:RATCH-F:

  • ROE %: 5.10% (47% below median its 10-year median of 9.67)
  • GF Value™: ฿28.40 vs. price of ฿32.00 (12.7% above fair value)
  • GF Score™: 63/100 with 9 warning signs
  • Industry Position: 40.8% below the Utilities - Regulated median (#322 of 503)

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


Ratch Group PCL Business Description

Other Exchanges RATCH:Thailand
Address 72 Ngamwongwan Road, Muang Nonthaburi, Bangkhen, Nonthaburi, THA, 11000
Ratch Group PCL is a Thailand-based holding company. The Company's principal businesses are investing in companies whose objectives are to generate and sell electricity and develop power energy projects and infrastructure projects. The Group has four operating segments: Domestic Electricity Generating, Domestic Renewable Energy, International Power Projects, and Domestic Related Business & Infrastructure. The majority of revenue is from the domestic electricity-generating segment. Geographically, the majority of income is from Thailand. Its investment is mainly focused on fossil fuel power generation projects, renewable projects, and businesses adjacent to electricity generation and energy both in Thailand & internationally.
63GF Score

Get the complete analysis for BKK:RATCH-F

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

฿32.00
Price
฿28.40
GF Value