Sermsang Power PCLBKK:SSP -1.52%81 ROE % is 13.53% as of Mar. 2026, which is 9% below its 10-year median of 14.93. GuruFocus rates BKK:SSP with a GF Score™ of 81/100 and a GF Value™ of ฿5.84 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 433 Utilities - Independent Power Producers companies, Sermsang Power PCL ranks better than 64.43% on this metric.
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.
Sermsang Power PCL ROE % Related Terms
Sermsang Power PCL ROE % Historical Data
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The historical data trend for Sermsang Power 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 Utilities - Renewable subindustry, Sermsang Power 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.
Sermsang Power PCL ROE % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Sermsang Power PCL's ROE % distribution charts can be found below:
* The bar in red indicates where Sermsang Power 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.
Sermsang Power PCL (BKK:SSP) has a ROE % of 13.53% 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 Sermsang Power PCL and its competitors. This is near median its historical median of 14.93. Over the past decade, Sermsang Power PCL's ROE % has ranged from 7.39 to 44.09. According to the industry distribution chart, Sermsang Power PCL ranks #154 out of 433 companies in the Utilities - Independent Power Producers industry, placing it in the top 35.6%.
Is Sermsang Power PCL's ROE % too high?
Sermsang Power PCL's current ROE % of 13.53% is near median its 10-year median of 14.93. Over the past 10 years, this metric has ranged from a low of 7.39 to a high of 44.09. The Utilities - Independent Power Producers industry median ROE % is 3.80. Sermsang Power PCL's value of 13.53% is 256.1% above this industry median. Based on the distribution chart, Sermsang Power PCL ranks #154 out of 433 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Sermsang Power PCL has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sermsang Power PCL's ROE % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Sermsang Power PCL ranks #154 out of 433 companies for ROE %. This puts Sermsang Power PCL in the upper half of its industry. The industry median ROE % is 3.80. Sermsang Power PCL's value of 13.53% is 256.1% above this benchmark. Historically, Sermsang Power PCL's own ROE % has ranged from 7.39 to 44.09 over the past decade. While the company's 10-year median is 14.93 vs. the industry median of 3.80, Sermsang Power 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 3.80, based on 433 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. Sermsang Power PCL's current ROE % of 13.53% is 256.1% 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 Sermsang Power PCL and its competitors. For the Utilities - Independent Power Producers industry, the median ROE % is 3.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sermsang Power PCL's current ROE % is 13.53%, which is near median its own 10-year median of 14.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sermsang Power PCL stock overvalued right now?
Based on GuruFocus' analysis, Sermsang Power PCL (BKK:SSP) is currently considered Possible Value Trap. The stock's GF Value™ is ฿5.84, compared to a current price of ฿3.88 — trading 33.6% below its estimated fair value. The current ROE % is 13.53%, which is near median its 10-year median of 14.93 and 256.1% above the Utilities - Independent Power Producers industry median of 3.80. Sermsang Power PCL's overall GF Score™ is 81/100 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 Sermsang Power PCL (BKK:SSP), the current ROE % is 13.53% 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 Sermsang Power PCL (BKK:SSP) Overvalued in 2026?
Based on GuruFocus' analysis, Sermsang Power PCL stock appears to be undervalued.
The current stock price of ฿3.88 is trading 33.6% below its estimated GF Value™ of ฿5.84.
GuruFocus considers Sermsang Power PCL to be Possible Value Trap.
Key valuation signals for BKK:SSP:
ROE %: 13.53% (near median its 10-year median of 14.93)
GF Value™: ฿5.84 vs. price of ฿3.88 (33.6% below fair value)
Industry Position: 256.1% above the Utilities - Independent Power Producers median (#154 of 433)
No single metric tells the full story. See the BKK:SSP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sermsang Power Corporation PCL is engaged in investment, consultancy, and the provision of services for energy businesses to related parties. The company's operating segments are the production and distribution of electricity from solar plants, Electricity distribution, and installation services relating to the solar roof system, Production and distribution of electricity from wind power plants, Production and distribution of electricity from biomass, and others. The firm generates a majority of its revenue from the Production and distribution of electricity from the solar power plants segment. Geographically, the company generates a majority share of the revenue from Thailand.
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