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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. ASIA Capital Group PCL's annualizedNet Income for the quarter that ended in Sep. 2025 was ฿461.1 Mil. ASIA Capital Group PCL's average total tangible assets for the quarter that ended in Sep. 2025 was ฿2,618.2 Mil. Therefore, ASIA Capital Group PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2025 was 17.61%.
The historical rank and industry rank for ASIA Capital Group PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:ACAP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.1 Med: -0.69 Max: 16.81
Current: 3.47
During the past 13 years, ASIA Capital Group PCL's highest Return-on-Tangible-Asset was 16.81%. The lowest was -9.10%. And the median was -0.69%.
BKK:ACAP's Return-on-Tangible-Asset is not ranked
in the Credit Services industry.
Industry Median: 1.93
vs BKK:ACAP: 3.47
ASIA Capital Group PCL (BKK:ACAP) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
ASIA Capital Group PCL Return-on-Tangible-Asset Related Terms
ASIA Capital Group PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for ASIA Capital Group PCL's Return-on-Tangible-Asset 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.
ASIA Capital Group PCL Return-on-Tangible-Asset Chart
BKK:ACAP vs V, MA, AXP: Return-on-Tangible-Asset Comparison
For the Credit Services subindustry, ASIA Capital Group PCL's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
ASIA Capital Group PCL Return-on-Tangible-Asset vs Credit Services Industry
For the Credit Services industry and Financial Services sector, ASIA Capital Group PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ASIA Capital Group PCL's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Sep. 2025) net income data.
What does a Return-on-Tangible-Asset of 17.61% mean?
ASIA Capital Group PCL (BKK:ACAP) has a Return-on-Tangible-Asset of 17.61% as of Sep. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on ASIA Capital Group PCL and its competitors.
Is ASIA Capital Group PCL's Return-on-Tangible-Asset too high?
ASIA Capital Group PCL's current Return-on-Tangible-Asset is 17.61%. The Credit Services industry median Return-on-Tangible-Asset is 1.93. ASIA Capital Group PCL's value of 17.61% is 812.4% above this industry median. Overall, ASIA Capital Group PCL has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does ASIA Capital Group PCL's Return-on-Tangible-Asset compare to V and MA?
ASIA Capital Group PCL's Return-on-Tangible-Asset of 17.61% can be compared against companies in the Credit Services industry. The industry median Return-on-Tangible-Asset is 1.93. ASIA Capital Group PCL's value of 17.61% is 812.4% 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 Return-on-Tangible-Asset for a Credit Services company?
The median Return-on-Tangible-Asset among Credit Services companies is 1.93, based on 546 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ASIA Capital Group PCL's current Return-on-Tangible-Asset of 17.61% is 812.4% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on ASIA Capital Group PCL and its competitors. For the Credit Services industry, the median Return-on-Tangible-Asset is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASIA Capital Group PCL's current Return-on-Tangible-Asset is 17.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASIA Capital Group PCL stock overvalued right now?
ASIA Capital Group PCL (BKK:ACAP) has a current Return-on-Tangible-Asset of 17.61%. The stock's GF Value™ is ฿0.68, compared to a current price of ฿0.33 — trading 51.5% below its estimated fair value. The current Return-on-Tangible-Asset is 17.61% and 812.4% above the Credit Services industry median of 1.93. ASIA Capital Group PCL's overall GF Score™ is 12/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For ASIA Capital Group PCL (BKK:ACAP), the current Return-on-Tangible-Asset is 17.61% as of Sep. 2025. 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 ASIA Capital Group PCL (BKK:ACAP) Overvalued in 2026?
Based on GuruFocus' analysis, ASIA Capital Group PCL stock appears to be undervalued.
The current stock price of ฿0.33 is trading 51.5% below its estimated GF Value™ of ฿0.68.
Key valuation signals for BKK:ACAP:
Return-on-Tangible-Asset: 17.61%
GF Value™: ฿0.68 vs. price of ฿0.33 (51.5% below fair value)
Industry Position: 812.4% above the Credit Services median
No single metric tells the full story. See the BKK:ACAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASIA Capital Group PCL is a company engaged in the provision of financial advisory services. The company operates through two segments namely Lending and Factoring, Develop property for sale and Property rental services. Its Lending services offer personal and business loans. In addition, it provides debt restructuring, preparation, and management of rehabilitation plans, fundraising, financial restructuring, seeking strategic alliances, purchase and sales, and merger and acquisition. Further, it is also involved in the factoring business.
12GF Score
Get the complete analysis for BKK:ACAP
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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