Siam Wellness Group PCLBKK:SPA 83 ROE % is 17.02% as of Mar. 2026, which is 28% below its 10-year median of 23.49. GuruFocus rates BKK:SPA with a GF Score™ of 83/100 and a GF Value™ of ฿7.52 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 92 Personal Services companies, Siam Wellness Group PCL ranks better than 70.65% on this metric.
The historical rank and industry rank for Siam Wellness Group PCL's ROE % or its related term are showing as below:
BKK:SPA'
s ROE % Range Over the Past 10 Years
Min: -37.63 Med: 23.49 Max: 45.18
Current: 15.51
During the past 13 years, Siam Wellness Group PCL's highest ROE % was 45.18%. The lowest was -37.63%. And the median was 23.49%.
BKK:SPA's ROE % is ranked better than 70.65% of 92
companies
in the Personal Services industry
Industry Median: 6.15
vs BKK:SPA: 15.51
Siam Wellness Group PCL (BKK:SPA) 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 Personal Services subindustry, Siam Wellness 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.
Siam Wellness Group PCL ROE % vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Siam Wellness Group PCL's ROE % distribution charts can be found below:
* The bar in red indicates where Siam Wellness Group 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.
Siam Wellness Group PCL (BKK:SPA) has a ROE % of 17.02% 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 Wellness Group PCL and its competitors. This is 28% below median its historical median of 23.49. According to the industry distribution chart, Siam Wellness Group PCL ranks #27 out of 92 companies in the Personal Services industry, placing it in the top 29.3%.
Is Siam Wellness Group PCL's ROE % too high?
Siam Wellness Group PCL's current ROE % of 17.02% is 28% below median its 10-year median of 23.49. The Personal Services industry median ROE % is 6.15. Siam Wellness Group PCL's value of 17.02% is 176.7% above this industry median. Based on the distribution chart, Siam Wellness Group PCL ranks #27 out of 92 companies in the Personal Services industry, which is above the industry midpoint. Overall, Siam Wellness Group PCL has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Siam Wellness Group PCL's ROE % compare to ROL and SCI?
According to the Personal Services industry distribution chart, Siam Wellness Group PCL ranks #27 out of 92 companies for ROE %. This puts Siam Wellness Group PCL in the upper half of its industry. The industry median ROE % is 6.15. Siam Wellness Group PCL's value of 17.02% is 176.7% above this benchmark. While the company's 10-year median is 23.49 vs. the industry median of 6.15, Siam Wellness Group 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 Personal Services company?
The median ROE % among Personal Services companies is 6.15, based on 92 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 Wellness Group PCL's current ROE % of 17.02% is 176.7% 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 Wellness Group PCL and its competitors. For the Personal Services industry, the median ROE % is 6.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siam Wellness Group PCL's current ROE % is 17.02%, which is 28% below median its own 10-year median of 23.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siam Wellness Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Siam Wellness Group PCL (BKK:SPA) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿7.52, compared to a current price of ฿3.32 — trading 55.9% below its estimated fair value. The current ROE % is 17.02%, which is 28% below median its 10-year median of 23.49 and 176.7% above the Personal Services industry median of 6.15. Siam Wellness Group PCL's overall GF Score™ is 83/100 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 Siam Wellness Group PCL (BKK:SPA), the current ROE % is 17.02% 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 Wellness Group PCL (BKK:SPA) Overvalued in 2026?
Based on GuruFocus' analysis, Siam Wellness Group PCL stock appears to be undervalued.
The current stock price of ฿3.32 is trading 55.9% below its estimated GF Value™ of ฿7.52.
GuruFocus considers Siam Wellness Group PCL to be Significantly Undervalued.
Key valuation signals for BKK:SPA:
ROE %: 17.02% (28% below median its 10-year median of 23.49)
GF Value™: ฿7.52 vs. price of ฿3.32 (55.9% below fair value)
Industry Position: 176.7% above the Personal Services median (#27 of 92)
No single metric tells the full story. See the BKK:SPA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Siam Wellness Group PCL is a Thailand-based company and is principally engaged in the spa business. The business is organized into three segments: Spa services, which operates day spa and destination spa. Also, provides spa management and spa consultancy services; Sales of spa products and healthy products, which distributes natural spa products both and spa equipment for domestic and international markets. and Hotel and restaurant which operates boutique resorts and restaurants. Key revenue is earned from providing spa services. The Group operates in Thailand.
83GF Score
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