ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. The Steel PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿217 Mil. The Steel PCL's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ฿1,896 Mil. Therefore, The Steel PCL's annualized ROE % for the quarter that ended in Mar. 2026 was 11.46%.
The historical rank and industry rank for The Steel PCL's ROE % or its related term are showing as below:
BKK:THE-R'
s ROE % Range Over the Past 10 Years
Min: -8.01 Med: -3.86 Max: 54.72
Current: 0.16
During the past 13 years, The Steel PCL's highest ROE % was 54.72%. The lowest was -8.01%. And the median was -3.86%.
BKK:THE-R's ROE % is ranked worse than 68.49% of 622
companies
in the Steel industry
Industry Median: 3.69
vs BKK:THE-R: 0.16
The Steel PCL (BKK:THE-R) 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 (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.
The Steel PCL ROE % Related Terms
The Steel PCL ROE % Historical Data
* Premium members only.
The historical data trend for The Steel 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 Steel subindustry, The Steel 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.
The Steel PCL ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, The Steel PCL's ROE % distribution charts can be found below:
* The bar in red indicates where The Steel 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.
The Steel PCL (BKK:THE-R) has a ROE % of 11.46% 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 The Steel PCL and its competitors. According to the industry distribution chart, The Steel PCL ranks #426 out of 622 companies in the Steel industry, placing it in the top 68.5%.
Is The Steel PCL's ROE % too high?
The Steel PCL's current ROE % is 11.46%. The Steel industry median ROE % is 3.69. The Steel PCL's value of 11.46% is 210.6% above this industry median. Based on the distribution chart, The Steel PCL ranks #426 out of 622 companies in the Steel industry, which is below the industry midpoint. Overall, The Steel PCL has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does The Steel PCL's ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, The Steel PCL ranks #426 out of 622 companies for ROE %. This places The Steel PCL in the lower half of its industry. The industry median ROE % is 3.69. The Steel PCL's value of 11.46% is 210.6% above 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 Steel company?
The median ROE % among Steel companies is 3.69, based on 622 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. The Steel PCL's current ROE % of 11.46% is 210.6% 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 The Steel PCL and its competitors. For the Steel industry, the median ROE % is 3.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Steel PCL's current ROE % is 11.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Steel PCL stock overvalued right now?
The Steel PCL (BKK:THE-R) has a current ROE % of 11.46%. The stock's GF Value™ is ฿0.88, compared to a current price of ฿0.83 — trading 5.4% below its estimated fair value. The current ROE % is 11.46% and 210.6% above the Steel industry median of 3.69. The Steel PCL's overall GF Score™ is 28/100 with 6 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 The Steel PCL (BKK:THE-R), the current ROE % is 11.46% 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 The Steel PCL (BKK:THE-R) Overvalued in 2026?
Based on GuruFocus' analysis, The Steel PCL stock appears to be undervalued.
The current stock price of ฿0.83 is trading 5.4% below its estimated GF Value™ of ฿0.88.
Key valuation signals for BKK:THE-R:
ROE %: 11.46%
GF Value™: ฿0.88 vs. price of ฿0.83 (5.4% below fair value)
Industry Position: 210.6% above the Steel median (#426 of 622)
No single metric tells the full story. See the BKK:THE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Steel PCL is principally engaged in the selling and transforming hot rolled steel sheets and coils and other structural steels and logistic services of steel. Its product portfolio includes hot-rolled coils, and processed forms such as slit coils, steel sheets, hot-formed structural steel, and cold-formed structural steel, as well as other steel products. In addition, the company also processes certain steel products, including steel sheets, slit coils, flat steel, folded angle steel, folded channel steel, steel pipes, and C-shaped structural steel. The company operates in two reportable segments: Revenue from sales of steels, which accounts for a majority of its revenue, and Revenue from logistic services. Geographically, it is managed and operates principally in Thailand.
28GF Score
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