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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. AIRA Capital PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿44 Mil. AIRA Capital PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿9,138 Mil. Therefore, AIRA Capital PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.49%.
The historical rank and industry rank for AIRA Capital PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:AIRA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.15 Med: -1.58 Max: 1.34
Current: -0.68
During the past 13 years, AIRA Capital PCL's highest Return-on-Tangible-Asset was 1.34%. The lowest was -3.15%. And the median was -1.58%.
BKK:AIRA's Return-on-Tangible-Asset is ranked worse than 72.49% of 818
companies
in the Capital Markets industry
Industry Median: 1.54
vs BKK:AIRA: -0.68
AIRA Capital PCL (BKK:AIRA) 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.
AIRA Capital PCL Return-on-Tangible-Asset Related Terms
AIRA Capital PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for AIRA Capital 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.
BKK:AIRA vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, AIRA Capital 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.
AIRA Capital PCL Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, AIRA Capital PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where AIRA Capital 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.49% mean?
AIRA Capital PCL (BKK:AIRA) has a Return-on-Tangible-Asset of 0.49% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on AIRA Capital PCL and its competitors. According to the industry distribution chart, AIRA Capital PCL ranks #593 out of 818 companies in the Capital Markets industry, placing it in the top 72.5%.
Is AIRA Capital PCL's Return-on-Tangible-Asset too high?
AIRA Capital PCL's current Return-on-Tangible-Asset is 0.49%. The Capital Markets industry median Return-on-Tangible-Asset is 1.54. AIRA Capital PCL's value of 0.49% is 68.2% below this industry median. Based on the distribution chart, AIRA Capital PCL ranks #593 out of 818 companies in the Capital Markets industry, which is below the industry midpoint. Overall, AIRA Capital PCL has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AIRA Capital PCL's Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, AIRA Capital PCL ranks #593 out of 818 companies for Return-on-Tangible-Asset. This places AIRA Capital PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.54. AIRA Capital PCL's value of 0.49% is 68.2% below 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.54, based on 818 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. AIRA Capital PCL's current Return-on-Tangible-Asset of 0.49% is 68.2% 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 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 AIRA Capital PCL and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIRA Capital PCL's current Return-on-Tangible-Asset is 0.49%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIRA Capital PCL stock overvalued right now?
Based on GuruFocus' analysis, AIRA Capital PCL (BKK:AIRA) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿1.37, compared to a current price of ฿1.03 — trading 24.8% below its estimated fair value. The current Return-on-Tangible-Asset is 0.49% and 68.2% below the Capital Markets industry median of 1.54. AIRA Capital PCL's overall GF Score™ is 46/100 with 6 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 AIRA Capital PCL (BKK:AIRA), the current Return-on-Tangible-Asset is 0.49% 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 AIRA Capital PCL (BKK:AIRA) Overvalued in 2026?
Based on GuruFocus' analysis, AIRA Capital PCL stock appears to be undervalued.
The current stock price of ฿1.03 is trading 24.8% below its estimated GF Value™ of ฿1.37.
GuruFocus considers AIRA Capital PCL to be Modestly Undervalued.
Key valuation signals for BKK:AIRA:
Return-on-Tangible-Asset: 0.49%
GF Value™: ฿1.37 vs. price of ฿1.03 (24.8% below fair value)
Industry Position: 68.2% below the Capital Markets median (#593 of 818)
No single metric tells the full story. See the BKK:AIRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AIRA Capital PCL is an investment firm investing in other companies. The company operates business segments namely Securities and investment business segment, which services a securities and derivatives brokerage, securities trading and investment; Advisory and investment banking segment, which services an investment and financial advisory, underwriting and private fund management; Factoring segment, which purchases account receivables; Rental and service business segment, which engages in finance lease, hire purchase and operating lease for industrial equipment and machines and Property development segment which involves the development of properties. It derives the majority of its income from brokerage fees, management fees, and interest and dividends on investments.
46GF Score
Get the complete analysis for BKK:AIRA
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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