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TPI Polene Power PCLBKK:TPIPP 68 ROE % is 2.36% as of Mar. 2026, which is 84% below its 10-year median of 14.52. GuruFocus rates BKK:TPIPP with a GF Score™ of 68/100 and a GF Value™ of ฿2.35 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 434 Utilities - Independent Power Producers companies, TPI Polene Power PCL ranks better than 51.38% on this metric.
TPI Polene Power PCL (BKK:TPIPP) 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.
* 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 Utilities - Renewable subindustry, TPI Polene Power 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.
TPI Polene Power PCL ROE % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, TPI Polene Power PCL's ROE % distribution charts can be found below:
* The bar in red indicates where TPI Polene Power 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.
TPI Polene Power PCL (BKK:TPIPP) has a ROE % of 2.36% 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 TPI Polene Power PCL and its competitors. This is 84% below median its historical median of 14.52. Over the past decade, TPI Polene Power PCL's ROE % has ranged from 4.20 to 21.01. According to the industry distribution chart, TPI Polene Power PCL ranks #211 out of 434 companies in the Utilities - Independent Power Producers industry, placing it in the top 48.6%.
Is TPI Polene Power PCL's ROE % too high?
TPI Polene Power PCL's current ROE % of 2.36% is 84% below median its 10-year median of 14.52. Over the past 10 years, this metric has ranged from a low of 4.20 to a high of 21.01. The Utilities - Independent Power Producers industry median ROE % is 3.82. TPI Polene Power PCL's value of 2.36% is 38.2% below this industry median. Based on the distribution chart, TPI Polene Power PCL ranks #211 out of 434 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, TPI Polene Power PCL has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TPI Polene Power PCL's ROE % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, TPI Polene Power PCL ranks #211 out of 434 companies for ROE %. This puts TPI Polene Power PCL in the upper half of its industry. The industry median ROE % is 3.82. TPI Polene Power PCL's value of 2.36% is 38.2% below this benchmark. Historically, TPI Polene Power PCL's own ROE % has ranged from 4.20 to 21.01 over the past decade. While the company's 10-year median is 14.52 vs. the industry median of 3.82, TPI Polene Power 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 Utilities - Independent Power Producers company?
The median ROE % among Utilities - Independent Power Producers companies is 3.82, based on 434 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. TPI Polene Power PCL's current ROE % of 2.36% is 38.2% 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 TPI Polene Power PCL and its competitors. For the Utilities - Independent Power Producers industry, the median ROE % is 3.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPI Polene Power PCL's current ROE % is 2.36%, which is 84% below median its own 10-year median of 14.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPI Polene Power PCL stock overvalued right now?
Based on GuruFocus' analysis, TPI Polene Power PCL (BKK:TPIPP) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.35, compared to a current price of ฿1.81 — trading 23% below its estimated fair value. The current ROE % is 2.36%, which is 84% below median its 10-year median of 14.52 and 38.2% below the Utilities - Independent Power Producers industry median of 3.82. TPI Polene Power PCL's overall GF Score™ is 68/100 with 10 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 TPI Polene Power PCL (BKK:TPIPP), the current ROE % is 2.36% 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 TPI Polene Power PCL (BKK:TPIPP) Overvalued in 2026?
Based on GuruFocus' analysis, TPI Polene Power PCL stock appears to be undervalued.
The current stock price of ฿1.81 is trading 23% below its estimated GF Value™ of ฿2.35.
GuruFocus considers TPI Polene Power PCL to be Modestly Undervalued.
Key valuation signals for BKK:TPIPP:
ROE %: 2.36% (84% below median its 10-year median of 14.52)
GF Value™: ฿2.35 vs. price of ฿1.81 (23% below fair value)
Industry Position: 38.2% below the Utilities - Independent Power Producers median (#211 of 434)
No single metric tells the full story. See the BKK:TPIPP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TPI Polene Power PCL is engaged in manufacturing and distributing electricity and refuse-derived fuel, organics waste, and distributing diesel and natural gas. The company is engaged in two segments which are Energy and utilities, Petrol and gas stations. It derives maximum revenue from Energy & Utilities segment. Geographically, the company operates in Thailand.
68GF Score
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