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Thai Wah PCLBKK:TWPC 72 ROE % is 9.90% as of Mar. 2026, which is 185% above its 10-year median of 3.47. GuruFocus rates BKK:TWPC with a GF Score™ of 72/100 and a GF Value™ of ฿2.94 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,921 Consumer Packaged Goods companies, Thai Wah PCL ranks worse than 60.12% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Thai Wah PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿485 Mil. Thai Wah PCL's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ฿4,898 Mil. Therefore, Thai Wah PCL's annualized ROE % for the quarter that ended in Mar. 2026 was 9.90%.
The historical rank and industry rank for Thai Wah PCL's ROE % or its related term are showing as below:
BKK:TWPC'
s ROE % Range Over the Past 10 Years
Min: -1.45 Med: 3.47 Max: 13.6
Current: 4.22
During the past 13 years, Thai Wah PCL's highest ROE % was 13.60%. The lowest was -1.45%. And the median was 3.47%.
BKK:TWPC's ROE % is ranked worse than 60.12% of 1921
companies
in the Consumer Packaged Goods industry
Industry Median: 6.79
vs BKK:TWPC: 4.22
Thai Wah PCL (BKK:TWPC) 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.
Thai Wah PCL ROE % Related Terms
Thai Wah PCL ROE % Historical Data
* Premium members only.
The historical data trend for Thai Wah 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 Packaged Foods subindustry, Thai Wah 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 Wah PCL ROE % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Wah PCL's ROE % distribution charts can be found below:
* The bar in red indicates where Thai Wah 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 Wah PCL (BKK:TWPC) has a ROE % of 9.90% 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 Wah PCL and its competitors. This is 185% above median its historical median of 3.47. According to the industry distribution chart, Thai Wah PCL ranks #1155 out of 1921 companies in the Consumer Packaged Goods industry, placing it in the top 60.1%.
Is Thai Wah PCL's ROE % too high?
Thai Wah PCL's current ROE % of 9.90% is 185% above median its 10-year median of 3.47. The Consumer Packaged Goods industry median ROE % is 6.79. Thai Wah PCL's value of 9.90% is 45.8% above this industry median. Based on the distribution chart, Thai Wah PCL ranks #1155 out of 1921 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Thai Wah PCL has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thai Wah PCL's ROE % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Thai Wah PCL ranks #1155 out of 1921 companies for ROE %. This places Thai Wah PCL in the lower half of its industry. The industry median ROE % is 6.79. Thai Wah PCL's value of 9.90% is 45.8% above this benchmark. While the company's 10-year median is 3.47 vs. the industry median of 6.79, Thai Wah PCL has consistently been above 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 a Consumer Packaged Goods company?
The median ROE % among Consumer Packaged Goods companies is 6.79, based on 1,921 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 Wah PCL's current ROE % of 9.90% is 45.8% 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 Thai Wah PCL and its competitors. For the Consumer Packaged Goods industry, the median ROE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Wah PCL's current ROE % is 9.90%, which is 185% above median its own 10-year median of 3.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Wah PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Wah PCL (BKK:TWPC) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.94, compared to a current price of ฿2.88 — trading 2% below its estimated fair value. The current ROE % is 9.90%, which is 185% above median its 10-year median of 3.47 and 45.8% above the Consumer Packaged Goods industry median of 6.79. Thai Wah PCL's overall GF Score™ is 72/100 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 Thai Wah PCL (BKK:TWPC), the current ROE % is 9.90% 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 Thai Wah PCL (BKK:TWPC) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Wah PCL stock appears to be undervalued.
The current stock price of ฿2.88 is trading 2% below its estimated GF Value™ of ฿2.94.
GuruFocus considers Thai Wah PCL to be Fairly Valued.
Key valuation signals for BKK:TWPC:
ROE %: 9.90% (185% above median its 10-year median of 3.47)
GF Value™: ฿2.94 vs. price of ฿2.88 (2% below fair value)
Industry Position: 45.8% above the Consumer Packaged Goods median (#1155 of 1921)
No single metric tells the full story. See the BKK:TWPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Wah PCL is engaged in the manufacture and distribution of vermicelli, tapioca starch and other food products. Its products include Starch & Starch-Related Products such as Tapioca Flour & Starch, Modified Starch, Glucose Syrup, Tapioca Pearl, Alpha Starch, Rice Flour & Starch, and Organic Products; Food Products such as Bean Vermicelli, Rice Noodles, Rice Vermicelli, Starch, Flour And Pearl, and Meal Kit And Instant Noodles. Its segments include the manufacture and distribution of starch, the manufacture and distribution of vermicelli and other food products, and the manufacture and distribution of other agricultural products.
72GF Score
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