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Thai Group Holdings PCLBKK:TGH +1.90%60 ROE % is 9.77% as of Jun. 2026, which is 87% above its 10-year median of 5.22. GuruFocus rates BKK:TGH with a GF Score™ of 60/100 and a GF Value™ of ฿12.55 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 497 Insurance companies, Thai Group Holdings PCL ranks worse than 58.55% on this metric.
Thai Group Holdings PCL (BKK:TGH) 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 (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 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.
* 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 Insurance - Diversified subindustry, Thai Group Holdings 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 Group Holdings PCL ROE % vs Insurance Industry
For the Insurance industry and Financial Services sector, Thai Group Holdings PCL's ROE % distribution charts can be found below:
* The bar in red indicates where Thai Group Holdings 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 (Jun. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Thai Group Holdings PCL (BKK:TGH) has a ROE % of 9.77% as of Jun. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Thai Group Holdings PCL and its competitors. This is 87% above median its historical median of 5.22. According to the industry distribution chart, Thai Group Holdings PCL ranks #291 out of 497 companies in the Insurance industry, placing it in the top 58.6%.
Is Thai Group Holdings PCL's ROE % too high?
Thai Group Holdings PCL's current ROE % of 9.77% is 87% above median its 10-year median of 5.22. The Insurance industry median ROE % is 12.13. Thai Group Holdings PCL's value of 9.77% is 19.5% below this industry median. Based on the distribution chart, Thai Group Holdings PCL ranks #291 out of 497 companies in the Insurance industry, which is below the industry midpoint. Overall, Thai Group Holdings 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 Thai Group Holdings PCL's ROE % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Thai Group Holdings PCL ranks #291 out of 497 companies for ROE %. This places Thai Group Holdings PCL in the lower half of its industry. The industry median ROE % is 12.13. Thai Group Holdings PCL's value of 9.77% is 19.5% below this benchmark. While the company's 10-year median is 5.22 vs. the industry median of 12.13, Thai Group Holdings PCL has consistently been below 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 Insurance company?
The median ROE % among Insurance companies is 12.13, based on 497 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 Group Holdings PCL's current ROE % of 9.77% is 19.5% 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 Thai Group Holdings PCL and its competitors. For the Insurance industry, the median ROE % is 12.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Group Holdings PCL's current ROE % is 9.77%, which is 87% above median its own 10-year median of 5.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Group Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Group Holdings PCL (BKK:TGH) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿12.55, compared to a current price of ฿10.70 — trading 14.7% below its estimated fair value. The current ROE % is 9.77%, which is 87% above median its 10-year median of 5.22 and 19.5% below the Insurance industry median of 12.13. Thai Group Holdings PCL's overall GF Score™ is 60/100 with 8 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 Group Holdings PCL (BKK:TGH), the current ROE % is 9.77% as of Jun. 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 Group Holdings PCL (BKK:TGH) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Group Holdings PCL stock appears to be undervalued.
The current stock price of ฿10.70 is trading 14.7% below its estimated GF Value™ of ฿12.55.
GuruFocus considers Thai Group Holdings PCL to be Modestly Undervalued.
Key valuation signals for BKK:TGH:
ROE %: 9.77% (87% above median its 10-year median of 5.22)
GF Value™: ฿12.55 vs. price of ฿10.70 (14.7% below fair value)
Industry Position: 19.5% below the Insurance median (#291 of 497)
No single metric tells the full story. See the BKK:TGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Group Holdings PCL is a Thailand-based holding company. The principal activities of the group are underwriting life assurance, underwriting non-life insurance, leasing, hire purchase services, lending, and sales of second-hand cars. It operates in four segments: Life Insurance business, Non - Life insurance business, Financial service business, and Other businesses. The vast majority of the revenues are generated from the Life insurance business segment. The company is managed and operates principally in Thailand.
60GF Score
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