RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) ROE %: -3.45% (As of Mar. 2026)

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DHA:RAKCERAMIC RAK Ceramics (Bangladesh) Ltd DHA:RAKCERAMIC
67 GF Score
Price BDT31.40
GF Value BDT26.77
Valuation Modestly Overvalued
! 8 Warning Signs
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What is RAK Ceramics (Bangladesh) ROE %?

RAK Ceramics (Bangladesh) DHA:RAKCERAMIC +0.96% 67 ROE % is -3.45% as of Mar. 2026. GuruFocus rates DHA:RAKCERAMIC with a GF Score™ of 67/100 and a GF Value™ of BDT26.77 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,747 Construction companies, RAK Ceramics (Bangladesh) ranks worse than 82.6% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. RAK Ceramics (Bangladesh)'s annualized net income for the quarter that ended in Mar. 2026 was BDT-223 Mil. RAK Ceramics (Bangladesh)'s average Total Stockholders Equity over the quarter that ended in Mar. 2026 was BDT6,461 Mil. Therefore, RAK Ceramics (Bangladesh)'s annualized ROE % for the quarter that ended in Mar. 2026 was -3.45%.

The historical rank and industry rank for RAK Ceramics (Bangladesh)'s ROE % or its related term are showing as below:

DHA:RAKCERAMIC' s ROE % Range Over the Past 10 Years
Min: -6.39   Med: 9.69   Max: 16.2
Current: -6.39

During the past 13 years, RAK Ceramics (Bangladesh)'s highest ROE % was 16.20%. The lowest was -6.39%. And the median was 9.69%.

DHA:RAKCERAMIC's ROE % is ranked worse than
82.6% of 1747 companies
in the Construction industry
Industry Median: 6.75 vs DHA:RAKCERAMIC: -6.39

RAK Ceramics (Bangladesh)  (DHA:RAKCERAMIC) 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
=-222.928/6460.765
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-222.928 / 6987.328)*(6987.328 / 11444.9825)*(11444.9825 / 6460.765)
=Net Margin %*Asset Turnover*Equity Multiplier
=-3.19 %*0.6105*1.7715
=ROA %*Equity Multiplier
=-1.95 %*1.7715
=-3.45 %

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
=-222.928/6460.765
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-222.928 / -146.228) * (-146.228 / 160.968) * (160.968 / 6987.328) * (6987.328 / 11444.9825) * (11444.9825 / 6460.765)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.5245 * -0.9084 * 2.3 % * 0.6105 * 1.7715
=-3.45 %

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.


RAK Ceramics (Bangladesh) ROE % Related Terms


RAK Ceramics (Bangladesh) ROE % Historical Data

* Premium members only.

The historical data trend for RAK Ceramics (Bangladesh)'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.

RAK Ceramics (Bangladesh) ROE % Chart

RAK Ceramics (Bangladesh) 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 12.46 8.87 8.00 -0.36 -5.69

RAK Ceramics (Bangladesh) 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 -1.42 -10.84 1.44 -12.62 -3.45

DHA:RAKCERAMIC vs TT, JCI, CARR: ROE % Comparison

For the Building Products & Equipment subindustry, RAK Ceramics (Bangladesh)'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.


RAK Ceramics (Bangladesh) ROE % vs Construction Industry

For the Construction industry and Industrials sector, RAK Ceramics (Bangladesh)'s ROE % distribution charts can be found below:

* The bar in red indicates where RAK Ceramics (Bangladesh)'s ROE % falls into.


DHA:RAKCERAMIC
67GF Score
RAK Ceramics (Bangladesh) Ltd DHA:RAKCERAMIC
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RAK Ceramics (Bangladesh) ROE % Calculation

RAK Ceramics (Bangladesh)'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 )
=-395.93/( (7372.272+6548.374)/ 2 )
=-395.93/6960.323
=-5.69 %

RAK Ceramics (Bangladesh)'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 )
=-222.928/( (6548.374+6373.156)/ 2 )
=-222.928/6460.765
=-3.45 %

* 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 -3.45% mean?
RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) has a ROE % of -3.45% 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 RAK Ceramics (Bangladesh) and its competitors. According to the industry distribution chart, RAK Ceramics (Bangladesh) ranks #1443 out of 1747 companies in the Construction industry, placing it in the top 82.6%.
Is RAK Ceramics (Bangladesh)'s ROE % too high?
RAK Ceramics (Bangladesh)'s current ROE % is -3.45%. Based on the distribution chart, RAK Ceramics (Bangladesh) ranks #1443 out of 1747 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, RAK Ceramics (Bangladesh) has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does RAK Ceramics (Bangladesh)'s ROE % compare to TT and JCI?
According to the Construction industry distribution chart, RAK Ceramics (Bangladesh) ranks #1443 out of 1747 companies for ROE %. This places RAK Ceramics (Bangladesh) in the lower half of its industry. The industry median ROE % is 6.75. 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 Construction company?
The median ROE % among Construction companies is 6.75, based on 1,747 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 RAK Ceramics (Bangladesh) and its competitors. For the Construction industry, the median ROE % is 6.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RAK Ceramics (Bangladesh)'s current ROE % is -3.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RAK Ceramics (Bangladesh) stock overvalued right now?
Based on GuruFocus' analysis, RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) is currently considered Modestly Overvalued. The stock's GF Value™ is BDT26.77, compared to a current price of BDT31.40 — trading 17.3% above its estimated fair value. The current ROE % is -3.45%. RAK Ceramics (Bangladesh)'s overall GF Score™ is 67/100 with 8 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 RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC), the current ROE % is -3.45% 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 RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) Overvalued in 2026?

Based on GuruFocus' analysis, RAK Ceramics (Bangladesh) stock appears to be overvalued. The current stock price of BDT31.40 is trading 17.3% above its estimated GF Value™ of BDT26.77. GuruFocus considers RAK Ceramics (Bangladesh) to be Modestly Overvalued.

Key valuation signals for DHA:RAKCERAMIC:

  • ROE %: -3.45%
  • GF Value™: BDT26.77 vs. price of BDT31.40 (17.3% above fair value)
  • GF Score™: 67/100 with 8 warning signs

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


RAK Ceramics (Bangladesh) Business Description

Address Plot 1/A Jasimuddin Avenue, RAK Tower, 7th, 8th & 9th Floors, Sector-3, Uttara Model Town, Dhaka, BGD, 1230
RAK Ceramics (Bangladesh) Ltd is a tile and sanitary ware brand in Bangladesh. The core business of RAK Ceramics is to manufacture and sell ceramics and gres porcellanato (porcelain/ fully vitrified) tiles, bathroom sets, and all types of sanitary ware. The operating segments of the group are Ceramic and sanitary ware, Power and Security, and services. Substantial revenue for the group is derived from the Ceramics and sanitary ware segment that engages in manufacturing and marketing of ceramic tiles, bathroom sets, and all types of sanitary ware.
67GF Score

Get the complete analysis for DHA:RAKCERAMIC

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

BDT31.40
Price
BDT26.77
GF Value