Ally Freehold And Leasehold REIT (BKK:ALLY) Return-on-Tangible-Asset: 6.67% (As of Mar. 2026) — 58% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:ALLY Ally Freehold And Leasehold REIT BKK:ALLY
87 GF Score
Price ฿5.20
GF Value ฿4.99
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Ally Freehold And Leasehold REIT Return-on-Tangible-Asset?

Ally Freehold And Leasehold REIT BKK:ALLY +0.97% 87 Return-on-Tangible-Asset is 6.67% as of Mar. 2026, which is 58% above its 10-year median of 4.22. GuruFocus rates BKK:ALLY with a GF Score™ of 87/100 and a GF Value™ of ฿4.99 (Fairly Valued). The stock has 5 warning signs investors should review. Among 936 REITs companies, Ally Freehold And Leasehold REIT ranks better than 64.1% on this metric.

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. Ally Freehold And Leasehold REIT's annualized Net Income for the quarter that ended in Mar. 2026 was ฿910 Mil. Ally Freehold And Leasehold REIT's average total tangible assets for the quarter that ended in Mar. 2026 was ฿13,629 Mil. Therefore, Ally Freehold And Leasehold REIT's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.67%.

The historical rank and industry rank for Ally Freehold And Leasehold REIT's Return-on-Tangible-Asset or its related term are showing as below:

BKK:ALLY' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.4   Med: 4.22   Max: 8.21
Current: 4.65

During the past 10 years, Ally Freehold And Leasehold REIT's highest Return-on-Tangible-Asset was 8.21%. The lowest was 0.40%. And the median was 4.22%.

BKK:ALLY's Return-on-Tangible-Asset is ranked better than
64.1% of 936 companies
in the REITs industry
Industry Median: 3.235 vs BKK:ALLY: 4.65

Ally Freehold And Leasehold REIT  (BKK:ALLY) 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 company’s 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 company’s 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.


Ally Freehold And Leasehold REIT Return-on-Tangible-Asset Related Terms


Ally Freehold And Leasehold REIT Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Ally Freehold And Leasehold REIT'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.

Ally Freehold And Leasehold REIT Return-on-Tangible-Asset Chart

Ally Freehold And Leasehold REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.79 4.46 4.91 2.70 4.48

Ally Freehold And Leasehold REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset 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 5.98 4.26 3.41 4.25 6.67

BKK:ALLY vs SPG, O, KIM: Return-on-Tangible-Asset Comparison

For the REIT - Retail subindustry, Ally Freehold And Leasehold REIT'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.


Ally Freehold And Leasehold REIT Return-on-Tangible-Asset vs REITs Industry

For the REITs industry and Real Estate sector, Ally Freehold And Leasehold REIT's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Ally Freehold And Leasehold REIT's Return-on-Tangible-Asset falls into.


BKK:ALLY
87GF Score
Ally Freehold And Leasehold REIT BKK:ALLY
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ally Freehold And Leasehold REIT Return-on-Tangible-Asset Calculation

Ally Freehold And Leasehold REIT's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=609.018/( (13587.146+13597.713)/ 2 )
=609.018/13592.4295
=4.48 %

Ally Freehold And Leasehold REIT's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=909.72/( (13597.713+13660.273)/ 2 )
=909.72/13628.993
=6.67 %

* 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 6.67% mean?
Ally Freehold And Leasehold REIT (BKK:ALLY) has a Return-on-Tangible-Asset of 6.67% 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 Ally Freehold And Leasehold REIT and its competitors. This is 58% above median its historical median of 4.22. Over the past decade, Ally Freehold And Leasehold REIT's Return-on-Tangible-Asset has ranged from 0.40 to 8.21. According to the industry distribution chart, Ally Freehold And Leasehold REIT ranks #336 out of 936 companies in the REITs industry, placing it in the top 35.9%.
Is Ally Freehold And Leasehold REIT's Return-on-Tangible-Asset too high?
Ally Freehold And Leasehold REIT's current Return-on-Tangible-Asset of 6.67% is 58% above median its 10-year median of 4.22. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 8.21. The REITs industry median Return-on-Tangible-Asset is 3.24. Ally Freehold And Leasehold REIT's value of 6.67% is 106.2% above this industry median. Based on the distribution chart, Ally Freehold And Leasehold REIT ranks #336 out of 936 companies in the REITs industry, which is above the industry midpoint. Overall, Ally Freehold And Leasehold REIT has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ally Freehold And Leasehold REIT's Return-on-Tangible-Asset compare to SPG and O?
According to the REITs industry distribution chart, Ally Freehold And Leasehold REIT ranks #336 out of 936 companies for Return-on-Tangible-Asset. This puts Ally Freehold And Leasehold REIT in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.24. Ally Freehold And Leasehold REIT's value of 6.67% is 106.2% above this benchmark. Historically, Ally Freehold And Leasehold REIT's own Return-on-Tangible-Asset has ranged from 0.40 to 8.21 over the past decade. While the company's 10-year median is 4.22 vs. the industry median of 3.24, Ally Freehold And Leasehold REIT 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 Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.24, based on 936 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. Ally Freehold And Leasehold REIT's current Return-on-Tangible-Asset of 6.67% is 106.2% 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 Ally Freehold And Leasehold REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ally Freehold And Leasehold REIT's current Return-on-Tangible-Asset is 6.67%, which is 58% above median its own 10-year median of 4.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ally Freehold And Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Ally Freehold And Leasehold REIT (BKK:ALLY) is currently considered Fairly Valued. The stock's GF Value™ is ฿4.99, compared to a current price of ฿5.20 — trading 4.2% above its estimated fair value. The current Return-on-Tangible-Asset is 6.67%, which is 58% above median its 10-year median of 4.22 and 106.2% above the REITs industry median of 3.24. Ally Freehold And Leasehold REIT's overall GF Score™ is 87/100 with 5 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 Ally Freehold And Leasehold REIT (BKK:ALLY), the current Return-on-Tangible-Asset is 6.67% 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 Ally Freehold And Leasehold REIT (BKK:ALLY) Overvalued in 2026?

Based on GuruFocus' analysis, Ally Freehold And Leasehold REIT stock appears to be overvalued. The current stock price of ฿5.20 is trading 4.2% above its estimated GF Value™ of ฿4.99. GuruFocus considers Ally Freehold And Leasehold REIT to be Fairly Valued.

Key valuation signals for BKK:ALLY:

  • Return-on-Tangible-Asset: 6.67% (58% above median its 10-year median of 4.22)
  • GF Value™: ฿4.99 vs. price of ฿5.20 (4.2% above fair value)
  • GF Score™: 87/100 with 5 warning signs
  • Industry Position: 106.2% above the REITs median (#336 of 936)

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


Ally Freehold And Leasehold REIT Business Description

Industry Real EstateREITs
Address Praditmanutham Road, Building E888, Crystal Design Center Project, Khlong Chan, Bang Kapi, Bangkok, THA, 10240
Ally Freehold And Leasehold REIT is a real estate investment trust based in Bangkok, Thailand. Its objectives are to raise funds from investors and use funds to invest in leasehold properties in different ways, and to seek benefits from such properties in the form of rental and service income. The company has invested in freehold, leasehold, or sub-leasehold rights of various projects such as The Crystal Design Center, The Crystal Ekamai-Ramindra, Amorini Mall Ramintra, Happy Avenue Donmuang Project, and others. Geographically, it operates only in Thailand.
87GF Score

Get the complete analysis for BKK:ALLY

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿5.20
Price
฿4.99
GF Value