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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.
T.C.J. Asia PCL ROE % Related Terms
T.C.J. Asia PCL ROE % Historical Data
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The historical data trend for T.C.J. Asia 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 Farm & Heavy Construction Machinery subindustry, T.C.J. Asia 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.
T.C.J. Asia PCL ROE % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, T.C.J. Asia PCL's ROE % distribution charts can be found below:
* The bar in red indicates where T.C.J. Asia 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.
T.C.J. Asia PCL (BKK:TCJ) has a ROE % of 5.19% 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 T.C.J. Asia PCL and its competitors. According to the industry distribution chart, T.C.J. Asia PCL ranks #159 out of 204 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 77.9%.
Is T.C.J. Asia PCL's ROE % too high?
T.C.J. Asia PCL's current ROE % is 5.19%. The Farm & Heavy Construction Machinery industry median ROE % is 7.31. T.C.J. Asia PCL's value of 5.19% is 29% below this industry median. Based on the distribution chart, T.C.J. Asia PCL ranks #159 out of 204 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, T.C.J. Asia PCL has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does T.C.J. Asia PCL's ROE % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, T.C.J. Asia PCL ranks #159 out of 204 companies for ROE %. This places T.C.J. Asia PCL in the lower half of its industry. The industry median ROE % is 7.31. T.C.J. Asia PCL's value of 5.19% is 29% below this benchmark. 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 Farm & Heavy Construction Machinery company?
The median ROE % among Farm & Heavy Construction Machinery companies is 7.31, based on 204 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. T.C.J. Asia PCL's current ROE % of 5.19% is 29% below 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 T.C.J. Asia PCL and its competitors. For the Farm & Heavy Construction Machinery industry, the median ROE % is 7.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. T.C.J. Asia PCL's current ROE % is 5.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T.C.J. Asia PCL stock overvalued right now?
Based on GuruFocus' analysis, T.C.J. Asia PCL (BKK:TCJ) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.89, compared to a current price of ฿2.46 — trading 14.9% below its estimated fair value. The current ROE % is 5.19% and 29% below the Farm & Heavy Construction Machinery industry median of 7.31. T.C.J. Asia PCL's overall GF Score™ is 60/100 with 5 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 T.C.J. Asia PCL (BKK:TCJ), the current ROE % is 5.19% 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 T.C.J. Asia PCL (BKK:TCJ) Overvalued in 2026?
Based on GuruFocus' analysis, T.C.J. Asia PCL stock appears to be undervalued.
The current stock price of ฿2.46 is trading 14.9% below its estimated GF Value™ of ฿2.89.
GuruFocus considers T.C.J. Asia PCL to be Modestly Undervalued.
Key valuation signals for BKK:TCJ:
ROE %: 5.19%
GF Value™: ฿2.89 vs. price of ฿2.46 (14.9% below fair value)
Industry Position: 29% below the Farm & Heavy Construction Machinery median (#159 of 204)
No single metric tells the full story. See the BKK:TCJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
T.C.J. Asia PCL is engaged in the import business and distribution of machinery and lifting equipment for construction work, and loading and unloading services like tractors, wheel loaders, excavator and cranes and stainless-steel plate and construction contractor. The business segments of the company are Sales of cranes, road rollers and tractors and equipment, road rollers and tractors, and equipment, Rental and repair services of crane and trucks, Manufacturing and distribution of stainless steel pipes, Trading of stainless steel, Installation work, and Others. The group generates the majority of the revenue from the Manufacturing and distribution of stainless steel pipes segment and mainly operates in Thailand.
60GF Score
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