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Nforce Secure PCLBKK:SECURE -1.39%92 ROE % is 17.54% as of Mar. 2026, which is 7% above its 10-year median of 16.42. GuruFocus rates BKK:SECURE with a GF Score™ of 92/100 and a GF Value™ of ฿15.00 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,429 Hardware companies, Nforce Secure PCL ranks better than 85.96% on this metric.
The historical rank and industry rank for Nforce Secure PCL's ROE % or its related term are showing as below:
BKK:SECURE'
s ROE % Range Over the Past 10 Years
Min: 9.29 Med: 16.42 Max: 20.72
Current: 16.79
During the past 6 years, Nforce Secure PCL's highest ROE % was 20.72%. The lowest was 9.29%. And the median was 16.42%.
BKK:SECURE's ROE % is ranked better than 85.96% of 2429
companies
in the Hardware industry
Industry Median: 4.67
vs BKK:SECURE: 16.79
Nforce Secure PCL (BKK:SECURE) 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.
Nforce Secure PCL ROE % Related Terms
Nforce Secure PCL ROE % Historical Data
* Premium members only.
The historical data trend for Nforce Secure 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.
For the Electronics & Computer Distribution subindustry, Nforce Secure 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.
Nforce Secure PCL ROE % vs Hardware Industry
For the Hardware industry and Technology sector, Nforce Secure PCL's ROE % distribution charts can be found below:
* The bar in red indicates where Nforce Secure 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.
Nforce Secure PCL (BKK:SECURE) has a ROE % of 17.54% 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 Nforce Secure PCL and its competitors. This is near median its historical median of 16.42. Over the past decade, Nforce Secure PCL's ROE % has ranged from 9.29 to 20.72. According to the industry distribution chart, Nforce Secure PCL ranks #341 out of 2429 companies in the Hardware industry, placing it in the top 14%.
Is Nforce Secure PCL's ROE % too high?
Nforce Secure PCL's current ROE % of 17.54% is near median its 10-year median of 16.42. Over the past 10 years, this metric has ranged from a low of 9.29 to a high of 20.72. The Hardware industry median ROE % is 4.67. Nforce Secure PCL's value of 17.54% is 275.6% above this industry median. Based on the distribution chart, Nforce Secure PCL ranks #341 out of 2429 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Nforce Secure PCL has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nforce Secure PCL's ROE % compare to MSFT and ORCL?
According to the Hardware industry distribution chart, Nforce Secure PCL ranks #341 out of 2429 companies for ROE %. This places Nforce Secure PCL in the top 14% of its industry — outperforming the majority of peers. The industry median ROE % is 4.67. Nforce Secure PCL's value of 17.54% is 275.6% above this benchmark. Historically, Nforce Secure PCL's own ROE % has ranged from 9.29 to 20.72 over the past decade. While the company's 10-year median is 16.42 vs. the industry median of 4.67, Nforce Secure 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 Hardware company?
The median ROE % among Hardware companies is 4.67, based on 2,429 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. Nforce Secure PCL's current ROE % of 17.54% is 275.6% 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 Nforce Secure PCL and its competitors. For the Hardware industry, the median ROE % is 4.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nforce Secure PCL's current ROE % is 17.54%, which is near median its own 10-year median of 16.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nforce Secure PCL stock overvalued right now?
Based on GuruFocus' analysis, Nforce Secure PCL (BKK:SECURE) is currently considered Fairly Valued. The stock's GF Value™ is ฿15.00, compared to a current price of ฿14.20 — trading 5.3% below its estimated fair value. The current ROE % is 17.54%, which is near median its 10-year median of 16.42 and 275.6% above the Hardware industry median of 4.67. Nforce Secure PCL's overall GF Score™ is 92/100 with 2 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 Nforce Secure PCL (BKK:SECURE), the current ROE % is 17.54% 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 Nforce Secure PCL (BKK:SECURE) Overvalued in 2026?
Based on GuruFocus' analysis, Nforce Secure PCL stock appears to be undervalued.
The current stock price of ฿14.20 is trading 5.3% below its estimated GF Value™ of ฿15.00.
GuruFocus considers Nforce Secure PCL to be Fairly Valued.
Key valuation signals for BKK:SECURE:
ROE %: 17.54% (near median its 10-year median of 16.42)
GF Value™: ฿15.00 vs. price of ฿14.20 (5.3% below fair value)
Industry Position: 275.6% above the Hardware median (#341 of 2429)
No single metric tells the full story. See the BKK:SECURE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nforce Secure PCL is a distributor of cybersecurity solution products and offers other supporting services. It is mainly engaged in selling computer hardware and software, and all related equipment, network communication equipment and software, development of enterprise software and project management, and providing services for business consulting, risk assessment, planning, and training.
92GF Score
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