Siam Pan Group PCLBKK:SPG 71 ROE % is 7.99% as of Mar. 2026, which is 18% above its 10-year median of 6.76. GuruFocus rates BKK:SPG with a GF Score™ of 71/100 and a GF Value™ of ฿13.85 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,580 Chemicals companies, Siam Pan Group PCL ranks better than 53.86% on this metric.
The historical rank and industry rank for Siam Pan Group PCL's ROE % or its related term are showing as below:
BKK:SPG'
s ROE % Range Over the Past 10 Years
Min: 4.39 Med: 6.76 Max: 12.55
Current: 5.93
During the past 13 years, Siam Pan Group PCL's highest ROE % was 12.55%. The lowest was 4.39%. And the median was 6.76%.
BKK:SPG's ROE % is ranked better than 53.86% of 1580
companies
in the Chemicals industry
Industry Median: 5.205
vs BKK:SPG: 5.93
Siam Pan Group PCL (BKK:SPG) 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.
Siam Pan Group PCL ROE % Related Terms
Siam Pan Group PCL ROE % Historical Data
* Premium members only.
The historical data trend for Siam Pan 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.
For the Specialty Chemicals subindustry, Siam Pan 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 Pan Group PCL ROE % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Siam Pan Group PCL's ROE % distribution charts can be found below:
* The bar in red indicates where Siam Pan 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 Pan Group PCL (BKK:SPG) has a ROE % of 7.99% 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 Pan Group PCL and its competitors. This is 18% above median its historical median of 6.76. Over the past decade, Siam Pan Group PCL's ROE % has ranged from 4.39 to 12.55. According to the industry distribution chart, Siam Pan Group PCL ranks #729 out of 1580 companies in the Chemicals industry, placing it in the top 46.1%.
Is Siam Pan Group PCL's ROE % too high?
Siam Pan Group PCL's current ROE % of 7.99% is 18% above median its 10-year median of 6.76. Over the past 10 years, this metric has ranged from a low of 4.39 to a high of 12.55. The Chemicals industry median ROE % is 5.21. Siam Pan Group PCL's value of 7.99% is 53.5% above this industry median. Based on the distribution chart, Siam Pan Group PCL ranks #729 out of 1580 companies in the Chemicals industry, which is above the industry midpoint. Overall, Siam Pan Group PCL has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Siam Pan Group PCL's ROE % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Siam Pan Group PCL ranks #729 out of 1580 companies for ROE %. This puts Siam Pan Group PCL in the upper half of its industry. The industry median ROE % is 5.21. Siam Pan Group PCL's value of 7.99% is 53.5% above this benchmark. Historically, Siam Pan Group PCL's own ROE % has ranged from 4.39 to 12.55 over the past decade. While the company's 10-year median is 6.76 vs. the industry median of 5.21, Siam Pan 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 Chemicals company?
The median ROE % among Chemicals companies is 5.21, based on 1,580 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 Pan Group PCL's current ROE % of 7.99% is 53.5% 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 Pan Group PCL and its competitors. For the Chemicals industry, the median ROE % is 5.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siam Pan Group PCL's current ROE % is 7.99%, which is 18% above median its own 10-year median of 6.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siam Pan Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Siam Pan Group PCL (BKK:SPG) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿13.85, compared to a current price of ฿11.00 — trading 20.6% below its estimated fair value. The current ROE % is 7.99%, which is 18% above median its 10-year median of 6.76 and 53.5% above the Chemicals industry median of 5.21. Siam Pan Group PCL's overall GF Score™ is 71/100 with 4 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 Pan Group PCL (BKK:SPG), the current ROE % is 7.99% 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 Pan Group PCL (BKK:SPG) Overvalued in 2026?
Based on GuruFocus' analysis, Siam Pan Group PCL stock appears to be undervalued.
The current stock price of ฿11.00 is trading 20.6% below its estimated GF Value™ of ฿13.85.
GuruFocus considers Siam Pan Group PCL to be Modestly Undervalued.
Key valuation signals for BKK:SPG:
ROE %: 7.99% (18% above median its 10-year median of 6.76)
GF Value™: ฿13.85 vs. price of ฿11.00 (20.6% below fair value)
Industry Position: 53.5% above the Chemicals median (#729 of 1580)
No single metric tells the full story. See the BKK:SPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Siam Pan Group PCL is a Thailand-based company that is engaged in the manufacturing and distributing of lubricating oil, grease, and batteries. The company has the following crucial segments which include Grease, and Lubricating Oil. In terms of revenue, the Grease segment generates more revenue for the company. The organization has its branches present in Thailand, Myanmar and Other countries of which it generates maximum revenue from Thailand.
71GF Score
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