Thanasiri Group PCL (BKK:THANA) ROE %: -8.67% (As of Mar. 2026)


BKK:THANA Thanasiri Group PCL BKK:THANA
53 GF Score
Price ฿1.55
GF Value ฿1.16
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Thanasiri Group PCL ROE %?

Thanasiri Group PCL BKK:THANA -0.64% 53 ROE % is -8.67% as of Mar. 2026. GuruFocus rates BKK:THANA with a GF Score™ of 53/100 and a GF Value™ of ฿1.16 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,735 Real Estate companies, Thanasiri Group PCL ranks worse than 72.8% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Thanasiri Group PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿-48.2 Mil. Thanasiri Group PCL's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ฿556.5 Mil. Therefore, Thanasiri Group PCL's annualized ROE % for the quarter that ended in Mar. 2026 was -8.67%.

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

BKK:THANA' s ROE % Range Over the Past 10 Years
Min: -14.58   Med: 5.02   Max: 17.99
Current: -0.81

During the past 13 years, Thanasiri Group PCL's highest ROE % was 17.99%. The lowest was -14.58%. And the median was 5.02%.

BKK:THANA's ROE % is ranked worse than
72.8% of 1735 companies
in the Real Estate industry
Industry Median: 3.96 vs BKK:THANA: -0.81

Thanasiri Group PCL  (BKK:THANA) 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
=-48.228/556.489
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-48.228 / 291.208)*(291.208 / 1209.212)*(1209.212 / 556.489)
=Net Margin %*Asset Turnover*Equity Multiplier
=-16.56 %*0.2408*2.1729
=ROA %*Equity Multiplier
=-3.99 %*2.1729
=-8.67 %

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
=-48.228/556.489
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-48.228 / -62.4) * (-62.4 / -73.868) * (-73.868 / 291.208) * (291.208 / 1209.212) * (1209.212 / 556.489)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7729 * 0.8448 * -25.37 % * 0.2408 * 2.1729
=-8.67 %

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.


Thanasiri Group PCL ROE % Related Terms


Thanasiri Group PCL ROE % Historical Data

* Premium members only.

The historical data trend for Thanasiri 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.

Thanasiri Group PCL ROE % Chart

Thanasiri 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 5.99 17.99 7.47 6.06 -1.33

Thanasiri 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 -10.66 5.14 -2.99 3.25 -8.67

Thanasiri Group PCL ROE % Competitor Comparison

For the Real Estate - Development subindustry, Thanasiri 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.


Thanasiri Group PCL ROE % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Thanasiri Group PCL's ROE % distribution charts can be found below:

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


BKK:THANA
53GF Score
Thanasiri Group PCL BKK:THANA
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thanasiri Group PCL ROE % Calculation

Thanasiri 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 )
=-7.555/( (574.51+562.517)/ 2 )
=-7.555/568.5135
=-1.33 %

Thanasiri 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 )
=-48.228/( (562.517+550.461)/ 2 )
=-48.228/556.489
=-8.67 %

* 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 -8.67% mean?
Thanasiri Group PCL (BKK:THANA) has a ROE % of -8.67% 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 Thanasiri Group PCL and its competitors. According to the industry distribution chart, Thanasiri Group PCL ranks #1263 out of 1735 companies in the Real Estate industry, placing it in the top 72.8%.
Is Thanasiri Group PCL's ROE % too high?
Thanasiri Group PCL's current ROE % is -8.67%. Based on the distribution chart, Thanasiri Group PCL ranks #1263 out of 1735 companies in the Real Estate industry, which is below the industry midpoint. Overall, Thanasiri Group PCL has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thanasiri Group PCL's ROE % compare to competitors?
According to the Real Estate industry distribution chart, Thanasiri Group PCL ranks #1263 out of 1735 companies for ROE %. This places Thanasiri Group PCL in the lower half of its industry. The industry median ROE % is 3.96. 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 Real Estate company?
The median ROE % among Real Estate companies is 3.96, based on 1,735 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 Thanasiri Group PCL and its competitors. For the Real Estate industry, the median ROE % is 3.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thanasiri Group PCL's current ROE % is -8.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thanasiri Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Thanasiri Group PCL (BKK:THANA) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿1.16, compared to a current price of ฿1.55 — trading 33.6% above its estimated fair value. The current ROE % is -8.67%. Thanasiri Group PCL's overall GF Score™ is 53/100 with 7 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 Thanasiri Group PCL (BKK:THANA), the current ROE % is -8.67% 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 Thanasiri Group PCL (BKK:THANA) Overvalued in 2026?

Based on GuruFocus' analysis, Thanasiri Group PCL stock appears to be overvalued. The current stock price of ฿1.55 is trading 33.6% above its estimated GF Value™ of ฿1.16. GuruFocus considers Thanasiri Group PCL to be Significantly Overvalued.

Key valuation signals for BKK:THANA:

  • ROE %: -8.67%
  • GF Value™: ฿1.16 vs. price of ฿1.55 (33.6% above fair value)
  • GF Score™: 53/100 with 7 warning signs

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


Thanasiri Group PCL Business Description

Address 650, 652 Baromratchonnanee Road, Bangbumru, Bangplad, Bangkok, THA, 10700
Thanasiri Group PCL is a Thailand-based company. It is engaged in the business of Property development for sale. The operations of the company are located in Thailand. The projects of the company include Thana Hibbati Pinklao - Sirindhorn, Thanasiri Ratchaphruek - Tha Nam Non, Thana Village Rama 5 - Bangyai, Thanasio Rattanathibet, and Thana Cluster Ratchapruek, among others. Its operating segments include Real estate business - horizontal, Service business, and Sell products business.
53GF Score

Get the complete analysis for BKK:THANA

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

฿1.55
Price
฿1.16
GF Value