TBN PCLBKK:TBN 62 ROE % is -4.66% as of Mar. 2026. GuruFocus rates BKK:TBN with a GF Score™ of 62/100 and a GF Value™ of ฿6.36 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 2,677 Software companies, TBN PCL ranks worse than 59.43% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. TBN PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿-23.6 Mil. TBN PCL's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ฿506.0 Mil. Therefore, TBN PCL's annualized ROE % for the quarter that ended in Mar. 2026 was -4.66%.
The historical rank and industry rank for TBN PCL's ROE % or its related term are showing as below:
BKK:TBN'
s ROE % Range Over the Past 10 Years
Min: 0.99 Med: 60.79 Max: 136.96
Current: 0.99
During the past 7 years, TBN PCL's highest ROE % was 136.96%. The lowest was 0.99%. And the median was 60.79%.
BKK:TBN's ROE % is ranked worse than 59.43% of 2677
companies
in the Software industry
Industry Median: 4.69
vs BKK:TBN: 0.99
TBN PCL (BKK:TBN) 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.
TBN PCL ROE % Related Terms
TBN PCL ROE % Historical Data
* Premium members only.
The historical data trend for TBN 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 Software - Application subindustry, TBN 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.
TBN PCL ROE % vs Software Industry
For the Software industry and Technology sector, TBN PCL's ROE % distribution charts can be found below:
* The bar in red indicates where TBN 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.
TBN PCL (BKK:TBN) has a ROE % of -4.66% 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 TBN PCL and its competitors. Over the past decade, TBN PCL's ROE % has ranged from 0.99 to 136.96. According to the industry distribution chart, TBN PCL ranks #1591 out of 2677 companies in the Software industry, placing it in the top 59.4%.
Is TBN PCL's ROE % too high?
TBN PCL's current ROE % is -4.66%. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 136.96. Based on the distribution chart, TBN PCL ranks #1591 out of 2677 companies in the Software industry, which is below the industry midpoint. Overall, TBN PCL has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TBN PCL's ROE % compare to UBER and SHOP?
According to the Software industry distribution chart, TBN PCL ranks #1591 out of 2677 companies for ROE %. This places TBN PCL in the lower half of its industry. The industry median ROE % is 4.69. Historically, TBN PCL's own ROE % has ranged from 0.99 to 136.96 over the past decade. 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 Software company?
The median ROE % among Software companies is 4.69, based on 2,677 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. 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 TBN PCL and its competitors. For the Software industry, the median ROE % is 4.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TBN PCL's current ROE % is -4.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TBN PCL stock overvalued right now?
Based on GuruFocus' analysis, TBN PCL (BKK:TBN) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿6.36, compared to a current price of ฿3.60 — trading 43.4% below its estimated fair value. The current ROE % is -4.66%. TBN PCL's overall GF Score™ is 62/100 with 6 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 TBN PCL (BKK:TBN), the current ROE % is -4.66% 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 TBN PCL (BKK:TBN) Overvalued in 2026?
Based on GuruFocus' analysis, TBN PCL stock appears to be undervalued.
The current stock price of ฿3.60 is trading 43.4% below its estimated GF Value™ of ฿6.36.
GuruFocus considers TBN PCL to be Significantly Undervalued.
Key valuation signals for BKK:TBN:
ROE %: -4.66%
GF Value™: ฿6.36 vs. price of ฿3.60 (43.4% below fair value)
No single metric tells the full story. See the BKK:TBN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TBN Corp PCL is Thailand's first low-code solutions provider. The company is engaged in the business of sales and development of software, including consultation on software development. The Company's segments include Digital solutions and technical consultancy services and technical maintenance, licensing, and cloud services, and Other. It offers a range of digital system design and development services, is a digital transformation consultant and solutions developer based on customer needs.
62GF Score
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