Siam Cement PCL (BKK:SCC-R) ROE %: 7.23% (As of Mar. 2026) — 37% Below Median


BKK:SCC-R Siam Cement PCL BKK:SCC-R
77 GF Score
Price ฿191.00
GF Value ฿176.27
! 9 Warning Signs
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What is Siam Cement PCL ROE %?

Siam Cement PCL BKK:SCC-R 77 ROE % is 7.23% as of Mar. 2026, which is 37% below its 10-year median of 11.43. GuruFocus rates BKK:SCC-R with a GF Score™ of 77/100 and a GF Value™ of ฿176.27. The stock has 9 warning signs investors should review. Among 557 Conglomerates companies, Siam Cement PCL ranks worse than 52.24% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Siam Cement PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿24,892 Mil. Siam Cement PCL's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ฿344,230 Mil. Therefore, Siam Cement PCL's annualized ROE % for the quarter that ended in Mar. 2026 was 7.23%.

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

BKK:SCC-R' s ROE % Range Over the Past 10 Years
Min: 1.77   Med: 11.43   Max: 25.14
Current: 5.49

During the past 13 years, Siam Cement PCL's highest ROE % was 25.14%. The lowest was 1.77%. And the median was 11.43%.

BKK:SCC-R's ROE % is ranked worse than
52.24% of 557 companies
in the Conglomerates industry
Industry Median: 5.99 vs BKK:SCC-R: 5.49

Siam Cement PCL  (BKK:SCC-R) 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
=24891.852/344230.086
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(24891.852 / 493306.244)*(493306.244 / 838081.1065)*(838081.1065 / 344230.086)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.05 %*0.5886*2.4347
=ROA %*Equity Multiplier
=2.97 %*2.4347
=7.23 %

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
=24891.852/344230.086
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (24891.852 / 31375.936) * (31375.936 / 25113.148) * (25113.148 / 493306.244) * (493306.244 / 838081.1065) * (838081.1065 / 344230.086)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7933 * 1.2494 * 5.09 % * 0.5886 * 2.4347
=7.23 %

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.


Siam Cement PCL ROE % Related Terms


Siam Cement PCL ROE % Historical Data

* Premium members only.

The historical data trend for Siam Cement 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.

Siam Cement PCL ROE % Chart

Siam Cement 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 13.74 5.78 7.02 1.77 4.08

Siam Cement 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 1.25 19.56 -0.75 -4.29 7.23

BKK:SCC-R vs HON, MMM: ROE % Comparison

For the Conglomerates subindustry, Siam Cement 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.


Siam Cement PCL ROE % vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Siam Cement PCL's ROE % distribution charts can be found below:

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


BKK:SCC-R
77GF Score
Siam Cement PCL BKK:SCC-R
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Siam Cement PCL ROE % Calculation

Siam Cement 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 )
=14075.02/( (352887.333+337702.326)/ 2 )
=14075.02/345294.8295
=4.08 %

Siam Cement 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 )
=24891.852/( (337702.326+350757.846)/ 2 )
=24891.852/344230.086
=7.23 %

* 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 7.23% mean?
Siam Cement PCL (BKK:SCC-R) has a ROE % of 7.23% 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 Siam Cement PCL and its competitors. This is 37% below median its historical median of 11.43. Over the past decade, Siam Cement PCL's ROE % has ranged from 1.77 to 25.14. According to the industry distribution chart, Siam Cement PCL ranks #291 out of 557 companies in the Conglomerates industry, placing it in the top 52.2%.
Is Siam Cement PCL's ROE % too high?
Siam Cement PCL's current ROE % of 7.23% is 37% below median its 10-year median of 11.43. Over the past 10 years, this metric has ranged from a low of 1.77 to a high of 25.14. The Conglomerates industry median ROE % is 5.99. Siam Cement PCL's value of 7.23% is 20.7% above this industry median. Based on the distribution chart, Siam Cement PCL ranks #291 out of 557 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Siam Cement PCL has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Siam Cement PCL's ROE % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Siam Cement PCL ranks #291 out of 557 companies for ROE %. This places Siam Cement PCL in the lower half of its industry. The industry median ROE % is 5.99. Siam Cement PCL's value of 7.23% is 20.7% above this benchmark. Historically, Siam Cement PCL's own ROE % has ranged from 1.77 to 25.14 over the past decade. While the company's 10-year median is 11.43 vs. the industry median of 5.99, Siam Cement 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 a Conglomerates company?
The median ROE % among Conglomerates companies is 5.99, based on 557 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. Siam Cement PCL's current ROE % of 7.23% is 20.7% 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 Siam Cement PCL and its competitors. For the Conglomerates industry, the median ROE % is 5.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siam Cement PCL's current ROE % is 7.23%, which is 37% below median its own 10-year median of 11.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siam Cement PCL stock overvalued right now?
Siam Cement PCL (BKK:SCC-R) has a current ROE % of 7.23%. The stock's GF Value™ is ฿176.27, compared to a current price of ฿191.00 — trading 8.4% above its estimated fair value. The current ROE % is 7.23%, which is 37% below median its 10-year median of 11.43 and 20.7% above the Conglomerates industry median of 5.99. Siam Cement PCL's overall GF Score™ is 77/100 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 Siam Cement PCL (BKK:SCC-R), the current ROE % is 7.23% 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 Siam Cement PCL (BKK:SCC-R) Overvalued in 2026?

Based on GuruFocus' analysis, Siam Cement PCL stock appears to be overvalued. The current stock price of ฿191.00 is trading 8.4% above its estimated GF Value™ of ฿176.27.

Key valuation signals for BKK:SCC-R:

  • ROE %: 7.23% (37% below median its 10-year median of 11.43)
  • GF Value™: ฿176.27 vs. price of ฿191.00 (8.4% above fair value)
  • GF Score™: 77/100 with 9 warning signs
  • Industry Position: 20.7% above the Conglomerates median (#291 of 557)

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


Siam Cement PCL Business Description

Address 1 Siam Cement Road, Bangsue, Bangkok, THA, 10800
Siam Cement PCL is a holding company which manufactures and sells a variety of building materials, chemicals, and packaging products. Its segment includes SCG Cement and Green Solutions Business, SCG Smart Living Business and SCG Distribution and Retail Business, SCG Decor (SCGD), Chemicals Business (SCGC), SCGP and Others. Its geographic segments include Thailand, Vietnam, Indonesia, and Others. It generates the majority of its revenue from Thailand.
77GF Score

Get the complete analysis for BKK:SCC-R

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

฿191.00
Price
฿176.27
GF Value