Thai Foods Group PCL (BKK:TFG) ROE %: 38.58% (As of Mar. 2026) — 78% Above Median


BKK:TFG Thai Foods Group PCL BKK:TFG
74 GF Score
Price ฿11.00
GF Value ฿5.01
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Thai Foods Group PCL ROE %?

Thai Foods Group PCL BKK:TFG +12.82% 74 ROE % is 38.58% as of Mar. 2026, which is 78% above its 10-year median of 21.67. GuruFocus rates BKK:TFG with a GF Score™ of 74/100 and a GF Value™ of ฿5.01 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,913 Consumer Packaged Goods companies, Thai Foods Group PCL ranks better than 95.09% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Thai Foods Group PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿8,188 Mil. Thai Foods Group PCL's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ฿21,222 Mil. Therefore, Thai Foods Group PCL's annualized ROE % for the quarter that ended in Mar. 2026 was 38.58%.

The historical rank and industry rank for Thai Foods Group PCL's ROE % or its related term are showing as below:

BKK:TFG' s ROE % Range Over the Past 10 Years
Min: -5.56   Med: 21.67   Max: 40.73
Current: 37.48

During the past 12 years, Thai Foods Group PCL's highest ROE % was 40.73%. The lowest was -5.56%. And the median was 21.67%.

BKK:TFG's ROE % is ranked better than
95.09% of 1913 companies
in the Consumer Packaged Goods industry
Industry Median: 6.73 vs BKK:TFG: 37.48

Thai Foods Group PCL  (BKK:TFG) 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
=8188.364/21222.1505
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(8188.364 / 70352.804)*(70352.804 / 48562.059)*(48562.059 / 21222.1505)
=Net Margin %*Asset Turnover*Equity Multiplier
=11.64 %*1.4487*2.2883
=ROA %*Equity Multiplier
=16.86 %*2.2883
=38.58 %

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
=8188.364/21222.1505
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (8188.364 / 9387.7) * (9387.7 / 9370.132) * (9370.132 / 70352.804) * (70352.804 / 48562.059) * (48562.059 / 21222.1505)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8722 * 1.0019 * 13.32 % * 1.4487 * 2.2883
=38.58 %

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.


Thai Foods Group PCL ROE % Related Terms


Thai Foods Group PCL ROE % Historical Data

* Premium members only.

The historical data trend for Thai Foods 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.

Thai Foods Group PCL ROE % Chart

Thai Foods Group 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 4.95 34.82 -5.56 20.87 40.73

Thai Foods Group 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 46.67 54.35 35.40 23.26 38.58

BKK:TFG vs ADM, BG, TSN: ROE % Comparison

For the Farm Products subindustry, Thai Foods 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.


Thai Foods Group PCL ROE % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Foods Group PCL's ROE % distribution charts can be found below:

* The bar in red indicates where Thai Foods Group PCL's ROE % falls into.


BKK:TFG
74GF Score
Thai Foods Group PCL BKK:TFG
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Thai Foods Group PCL ROE % Calculation

Thai Foods Group 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 )
=7440.837/( (16448.474+20085.656)/ 2 )
=7440.837/18267.065
=40.73 %

Thai Foods Group 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 )
=8188.364/( (20085.656+22358.645)/ 2 )
=8188.364/21222.1505
=38.58 %

* 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 38.58% mean?
Thai Foods Group PCL (BKK:TFG) has a ROE % of 38.58% 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 Thai Foods Group PCL and its competitors. This is 78% above median its historical median of 21.67. According to the industry distribution chart, Thai Foods Group PCL ranks #94 out of 1913 companies in the Consumer Packaged Goods industry, placing it in the top 4.9%.
Is Thai Foods Group PCL's ROE % too high?
Thai Foods Group PCL's current ROE % of 38.58% is 78% above median its 10-year median of 21.67. The Consumer Packaged Goods industry median ROE % is 6.73. Thai Foods Group PCL's value of 38.58% is 473.3% above this industry median. Based on the distribution chart, Thai Foods Group PCL ranks #94 out of 1913 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Foods Group PCL has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Foods Group PCL's ROE % compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Thai Foods Group PCL ranks #94 out of 1913 companies for ROE %. This places Thai Foods Group PCL in the top 5% of its industry — outperforming the majority of peers. The industry median ROE % is 6.73. Thai Foods Group PCL's value of 38.58% is 473.3% above this benchmark. While the company's 10-year median is 21.67 vs. the industry median of 6.73, Thai Foods 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 Consumer Packaged Goods company?
The median ROE % among Consumer Packaged Goods companies is 6.73, based on 1,913 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. Thai Foods Group PCL's current ROE % of 38.58% is 473.3% 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 Thai Foods Group PCL and its competitors. For the Consumer Packaged Goods industry, the median ROE % is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Foods Group PCL's current ROE % is 38.58%, which is 78% above median its own 10-year median of 21.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Foods Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Foods Group PCL (BKK:TFG) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿5.01, compared to a current price of ฿11.00 — trading 119.6% above its estimated fair value. The current ROE % is 38.58%, which is 78% above median its 10-year median of 21.67 and 473.3% above the Consumer Packaged Goods industry median of 6.73. Thai Foods Group PCL's overall GF Score™ is 74/100 with 2 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 Thai Foods Group PCL (BKK:TFG), the current ROE % is 38.58% 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 Thai Foods Group PCL (BKK:TFG) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Foods Group PCL stock appears to be overvalued. The current stock price of ฿11.00 is trading 119.6% above its estimated GF Value™ of ฿5.01. GuruFocus considers Thai Foods Group PCL to be Significantly Overvalued.

Key valuation signals for BKK:TFG:

  • ROE %: 38.58% (78% above median its 10-year median of 21.67)
  • GF Value™: ฿5.01 vs. price of ฿11.00 (119.6% above fair value)
  • GF Score™: 74/100 with 2 warning signs
  • Industry Position: 473.3% above the Consumer Packaged Goods median (#94 of 1913)

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


Thai Foods Group PCL Business Description

Address Viphavadi Rangsit Road, 1010, Shinawatra Tower 3 Building, 12th Floor, Kwang Chatuchak, Khet Chatuchak, Bangkok, THA, 10900
Thai Foods Group PCL is a farm products company. Its operating segment includes Poultry, Swine, Feed Mill, Retail and Other business segments. The activities of the group are producing and distributing frozen and chilled chicken meat and products of chicken meat including producing and distributing swine and feed mills. Geographically, the company manages and operates its business activities principally in Thailand. It generates maximum revenue from the Poultry segment.
74GF Score

Get the complete analysis for BKK:TFG

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

฿11.00
Price
฿5.01
GF Value