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Rojana Industrial Park PCLBKK:ROJNA +0.83%68 ROE % is 45.76% as of Mar. 2026, which is 451% above its 10-year median of 8.31. GuruFocus rates BKK:ROJNA with a GF Score™ of 68/100 and a GF Value™ of ฿4.59 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 437 Utilities - Independent Power Producers companies, Rojana Industrial Park PCL ranks better than 81.92% on this metric.
Rojana Industrial Park PCL (BKK:ROJNA) 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.
* 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 Utilities - Independent Power Producers subindustry, Rojana Industrial Park 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.
Rojana Industrial Park PCL ROE % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Rojana Industrial Park PCL's ROE % distribution charts can be found below:
* The bar in red indicates where Rojana Industrial Park 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.
Rojana Industrial Park PCL (BKK:ROJNA) has a ROE % of 45.76% 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 Rojana Industrial Park PCL and its competitors. This is 451% above median its historical median of 8.31. According to the industry distribution chart, Rojana Industrial Park PCL ranks #79 out of 437 companies in the Utilities - Independent Power Producers industry, placing it in the top 18.1%.
Is Rojana Industrial Park PCL's ROE % too high?
Rojana Industrial Park PCL's current ROE % of 45.76% is 451% above median its 10-year median of 8.31. The Utilities - Independent Power Producers industry median ROE % is 3.59. Rojana Industrial Park PCL's value of 45.76% is 1174.7% above this industry median. Based on the distribution chart, Rojana Industrial Park PCL ranks #79 out of 437 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Rojana Industrial Park PCL has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rojana Industrial Park PCL's ROE % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Rojana Industrial Park PCL ranks #79 out of 437 companies for ROE %. This places Rojana Industrial Park PCL in the top 18% of its industry — outperforming the majority of peers. The industry median ROE % is 3.59. Rojana Industrial Park PCL's value of 45.76% is 1174.7% above this benchmark. While the company's 10-year median is 8.31 vs. the industry median of 3.59, Rojana Industrial Park 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 Utilities - Independent Power Producers company?
The median ROE % among Utilities - Independent Power Producers companies is 3.59, based on 437 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. Rojana Industrial Park PCL's current ROE % of 45.76% is 1174.7% 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 Rojana Industrial Park PCL and its competitors. For the Utilities - Independent Power Producers industry, the median ROE % is 3.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rojana Industrial Park PCL's current ROE % is 45.76%, which is 451% above median its own 10-year median of 8.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rojana Industrial Park PCL stock overvalued right now?
Based on GuruFocus' analysis, Rojana Industrial Park PCL (BKK:ROJNA) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿4.59, compared to a current price of ฿6.10 — trading 32.9% above its estimated fair value. The current ROE % is 45.76%, which is 451% above median its 10-year median of 8.31 and 1174.7% above the Utilities - Independent Power Producers industry median of 3.59. Rojana Industrial Park PCL's overall GF Score™ is 68/100 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 Rojana Industrial Park PCL (BKK:ROJNA), the current ROE % is 45.76% 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 Rojana Industrial Park PCL (BKK:ROJNA) Overvalued in 2026?
Based on GuruFocus' analysis, Rojana Industrial Park PCL stock appears to be overvalued.
The current stock price of ฿6.10 is trading 32.9% above its estimated GF Value™ of ฿4.59.
GuruFocus considers Rojana Industrial Park PCL to be Significantly Overvalued.
Key valuation signals for BKK:ROJNA:
ROE %: 45.76% (451% above median its 10-year median of 8.31)
GF Value™: ฿4.59 vs. price of ฿6.10 (32.9% above fair value)
Industry Position: 1174.7% above the Utilities - Independent Power Producers median (#79 of 437)
No single metric tells the full story. See the BKK:ROJNA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rojana Industrial Park PCL is engaged in the development of industrial estate at Ayutthaya, Rayong, and Chonburi Provinces. The segments of the company comprise Real estate development & related services, Electricity generating, Production & distribution of industrial water. The majority of revenue is derived from the sales of electricity business. Geographically it only operates in Thailand.
68GF Score
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