Tropical Canning (Thailand) PCL (BKK:TC) ROE %: 9.29% (As of Mar. 2026) — 24% Above Median


BKK:TC Tropical Canning (Thailand) PCL BKK:TC
81 GF Score
Price ฿6.10
GF Value ฿6.45
Valuation Fairly Valued
! 6 Warning Signs
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What is Tropical Canning (Thailand) PCL ROE %?

Tropical Canning (Thailand) PCL BKK:TC +0.83% 81 ROE % is 9.29% as of Mar. 2026, which is 24% above its 10-year median of 7.52. GuruFocus rates BKK:TC with a GF Score™ of 81/100 and a GF Value™ of ฿6.45 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,916 Consumer Packaged Goods companies, Tropical Canning (Thailand) PCL ranks better than 53.71% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Tropical Canning (Thailand) PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿262 Mil. Tropical Canning (Thailand) PCL's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ฿2,821 Mil. Therefore, Tropical Canning (Thailand) PCL's annualized ROE % for the quarter that ended in Mar. 2026 was 9.29%.

The historical rank and industry rank for Tropical Canning (Thailand) PCL's ROE % or its related term are showing as below:

BKK:TC' s ROE % Range Over the Past 10 Years
Min: -7.93   Med: 7.52   Max: 19.84
Current: 7.62

During the past 13 years, Tropical Canning (Thailand) PCL's highest ROE % was 19.84%. The lowest was -7.93%. And the median was 7.52%.

BKK:TC's ROE % is ranked better than
53.71% of 1916 companies
in the Consumer Packaged Goods industry
Industry Median: 6.72 vs BKK:TC: 7.62

Tropical Canning (Thailand) PCL  (BKK:TC) 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:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=262.024/2821.188
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(262.024 / 5343.272)*(5343.272 / 3943.098)*(3943.098 / 2821.188)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.9 %*1.3551*1.3977
=ROA %*Equity Multiplier
=6.64 %*1.3977
=9.29 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=262.024/2821.188
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (262.024 / 290.452) * (290.452 / 265.72) * (265.72 / 5343.272) * (5343.272 / 3943.098) * (3943.098 / 2821.188)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9021 * 1.0931 * 4.97 % * 1.3551 * 1.3977
=9.29 %

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.


Tropical Canning (Thailand) PCL ROE % Related Terms


Tropical Canning (Thailand) PCL ROE % Historical Data

* Premium members only.

The historical data trend for Tropical Canning (Thailand) 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.

Tropical Canning (Thailand) PCL ROE % Chart

Tropical Canning (Thailand) PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.45 19.84 1.77 12.98 7.59

Tropical Canning (Thailand) PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.19 6.77 7.63 6.86 9.29

BKK:TC vs KHC, GIS: ROE % Comparison

For the Packaged Foods subindustry, Tropical Canning (Thailand) 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.


Tropical Canning (Thailand) PCL ROE % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tropical Canning (Thailand) PCL's ROE % distribution charts can be found below:

* The bar in red indicates where Tropical Canning (Thailand) PCL's ROE % falls into.


BKK:TC
81GF Score
Tropical Canning (Thailand) PCL BKK:TC
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tropical Canning (Thailand) PCL ROE % Calculation

Tropical Canning (Thailand) PCL's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=207.647/( (2683.984+2788.435)/ 2 )
=207.647/2736.2095
=7.59 %

Tropical Canning (Thailand) PCL's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=262.024/( (2788.435+2853.941)/ 2 )
=262.024/2821.188
=9.29 %

* 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.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 9.29% mean?
Tropical Canning (Thailand) PCL (BKK:TC) has a ROE % of 9.29% 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 Tropical Canning (Thailand) PCL and its competitors. This is 24% above median its historical median of 7.52. According to the industry distribution chart, Tropical Canning (Thailand) PCL ranks #887 out of 1916 companies in the Consumer Packaged Goods industry, placing it in the top 46.3%.
Is Tropical Canning (Thailand) PCL's ROE % too high?
Tropical Canning (Thailand) PCL's current ROE % of 9.29% is 24% above median its 10-year median of 7.52. The Consumer Packaged Goods industry median ROE % is 6.72. Tropical Canning (Thailand) PCL's value of 9.29% is 38.2% above this industry median. Based on the distribution chart, Tropical Canning (Thailand) PCL ranks #887 out of 1916 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Tropical Canning (Thailand) PCL has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tropical Canning (Thailand) PCL's ROE % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Tropical Canning (Thailand) PCL ranks #887 out of 1916 companies for ROE %. This puts Tropical Canning (Thailand) PCL in the upper half of its industry. The industry median ROE % is 6.72. Tropical Canning (Thailand) PCL's value of 9.29% is 38.2% above this benchmark. While the company's 10-year median is 7.52 vs. the industry median of 6.72, Tropical Canning (Thailand) 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 Consumer Packaged Goods company?
The median ROE % among Consumer Packaged Goods companies is 6.72, based on 1,916 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. Tropical Canning (Thailand) PCL's current ROE % of 9.29% is 38.2% 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 Tropical Canning (Thailand) PCL and its competitors. For the Consumer Packaged Goods industry, the median ROE % is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tropical Canning (Thailand) PCL's current ROE % is 9.29%, which is 24% above median its own 10-year median of 7.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tropical Canning (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, Tropical Canning (Thailand) PCL (BKK:TC) is currently considered Fairly Valued. The stock's GF Value™ is ฿6.45, compared to a current price of ฿6.10 — trading 5.4% below its estimated fair value. The current ROE % is 9.29%, which is 24% above median its 10-year median of 7.52 and 38.2% above the Consumer Packaged Goods industry median of 6.72. Tropical Canning (Thailand) PCL's overall GF Score™ is 81/100 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 Tropical Canning (Thailand) PCL (BKK:TC), the current ROE % is 9.29% 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 Tropical Canning (Thailand) PCL (BKK:TC) Overvalued in 2026?

Based on GuruFocus' analysis, Tropical Canning (Thailand) PCL stock appears to be undervalued. The current stock price of ฿6.10 is trading 5.4% below its estimated GF Value™ of ฿6.45. GuruFocus considers Tropical Canning (Thailand) PCL to be Fairly Valued.

Key valuation signals for BKK:TC:

  • ROE %: 9.29% (24% above median its 10-year median of 7.52)
  • GF Value™: ฿6.45 vs. price of ฿6.10 (5.4% below fair value)
  • GF Score™: 81/100 with 6 warning signs
  • Industry Position: 38.2% above the Consumer Packaged Goods median (#887 of 1916)

No single metric tells the full story. See the BKK:TC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tropical Canning (Thailand) PCL Business Description

Address 1/1 Moo 2, Thungyai, Hatyai, Songkhla, THA, 90110
Tropical Canning (Thailand) PCL is engaged in the manufacturing and trading of canned and pouched seafood products. Its products are grouped as Domestic product groups, Tuna product group, Ready-to-eat processed product group, and Pet food group. Geographically, it operates in the Asia continent, excluding Thailand, the America continent, the European continent, the Australia continent, the Africa continent, and Thailand. The Asia continent, excluding Thailand segment, derives the majority of the revenue.
81GF Score

Get the complete analysis for BKK:TC

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿6.10
Price
฿6.45
GF Value