Thai-German Products PCLBKK:TGPRO ROE % is -6.83% as of Mar. 2026. The stock has 4 warning signs investors should review. Among 618 Steel companies, Thai-German Products PCL ranks worse than 85.44% on this metric.
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.
* 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 Steel subindustry, Thai-German Products 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-German Products PCL ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, Thai-German Products PCL's ROE % distribution charts can be found below:
* The bar in red indicates where Thai-German Products 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.
Thai-German Products PCL (BKK:TGPRO) has a ROE % of -6.83% 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-German Products PCL and its competitors. According to the industry distribution chart, Thai-German Products PCL ranks #528 out of 618 companies in the Steel industry, placing it in the top 85.4%.
Is Thai-German Products PCL's ROE % too high?
Thai-German Products PCL's current ROE % is -6.83%. Based on the distribution chart, Thai-German Products PCL ranks #528 out of 618 companies in the Steel industry, which is in the bottom quartile relative to peers.
How does Thai-German Products PCL's ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, Thai-German Products PCL ranks #528 out of 618 companies for ROE %. This places Thai-German Products PCL in the lower half of its industry. The industry median ROE % is 3.72. 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 Steel company?
The median ROE % among Steel companies is 3.72, based on 618 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 Thai-German Products PCL and its competitors. For the Steel industry, the median ROE % is 3.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai-German Products PCL's current ROE % is -6.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai-German Products PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai-German Products PCL (BKK:TGPRO) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.09, compared to a current price of ฿0.03 — trading 66.7% below its estimated fair value. The current ROE % is -6.83%. 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-German Products PCL (BKK:TGPRO), the current ROE % is -6.83% 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.
Thai-German Products PCL is engaged in the business of manufacturing and distribution of stainless steel products such as pipe, axle, and other equipment, under trademark by TGPRO. It has four operating segments: the Stainless and service selling segment, which is the key revenue driver, includes steel pipes, steel sheets, steel shafts, and steel fittings; the Stereo sales segment sells stereo equipment, telephone equipment, and spare parts; an agriculture selling segment includes vegetables and seed; and Food sales Segment, which comprises of food sales, coffee and bakery shops, and steakhouse restaurants. It sells its product in Thailand and other countries, of which a majority of the revenue is generated from the Thailand market, and also has its presence in other countries.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:TGPRO has been successfully added to your 