Arrow Syndicate PCLBKK:ARROW-R 71 Return-on-Tangible-Asset is 10.73% as of Mar. 2026, which is 11% above its 10-year median of 9.69. GuruFocus rates BKK:ARROW-R with a GF Score™ of 71/100 and a GF Value™ of ฿4.93. The stock has 3 warning signs investors should review. Among 1,777 Construction companies, Arrow Syndicate PCL ranks better than 81.04% 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. Arrow Syndicate PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿179 Mil. Arrow Syndicate PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿1,665 Mil. Therefore, Arrow Syndicate PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.73%.
The historical rank and industry rank for Arrow Syndicate PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:ARROW-R'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.62 Med: 9.69 Max: 23.97
Current: 8.56
During the past 13 years, Arrow Syndicate PCL's highest Return-on-Tangible-Asset was 23.97%. The lowest was 5.62%. And the median was 9.69%.
BKK:ARROW-R's Return-on-Tangible-Asset is ranked better than 81.04% of 1777
companies
in the Construction industry
Industry Median: 3
vs BKK:ARROW-R: 8.56
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.
Arrow Syndicate PCL Return-on-Tangible-Asset Related Terms
Arrow Syndicate PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Arrow Syndicate 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:ARROW-R vs TT, JCI, CARR: Return-on-Tangible-Asset Comparison
For the Building Products & Equipment subindustry, Arrow Syndicate 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.
Arrow Syndicate PCL Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Arrow Syndicate PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Arrow Syndicate 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 10.73% mean?
Arrow Syndicate PCL (BKK:ARROW-R) has a Return-on-Tangible-Asset of 10.73% 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 Arrow Syndicate PCL and its competitors. This is 11% above median its historical median of 9.69. Over the past decade, Arrow Syndicate PCL's Return-on-Tangible-Asset has ranged from 5.62 to 23.97. According to the industry distribution chart, Arrow Syndicate PCL ranks #337 out of 1777 companies in the Construction industry, placing it in the top 19%.
Is Arrow Syndicate PCL's Return-on-Tangible-Asset too high?
Arrow Syndicate PCL's current Return-on-Tangible-Asset of 10.73% is 11% above median its 10-year median of 9.69. Over the past 10 years, this metric has ranged from a low of 5.62 to a high of 23.97. The Construction industry median Return-on-Tangible-Asset is 3.00. Arrow Syndicate PCL's value of 10.73% is 257.7% above this industry median. Based on the distribution chart, Arrow Syndicate PCL ranks #337 out of 1777 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Arrow Syndicate PCL has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Arrow Syndicate PCL's Return-on-Tangible-Asset compare to TT and JCI?
According to the Construction industry distribution chart, Arrow Syndicate PCL ranks #337 out of 1777 companies for Return-on-Tangible-Asset. This places Arrow Syndicate PCL in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.00. Arrow Syndicate PCL's value of 10.73% is 257.7% above this benchmark. Historically, Arrow Syndicate PCL's own Return-on-Tangible-Asset has ranged from 5.62 to 23.97 over the past decade. While the company's 10-year median is 9.69 vs. the industry median of 3.00, Arrow Syndicate 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 Return-on-Tangible-Asset for a Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.00, based on 1,777 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. Arrow Syndicate PCL's current Return-on-Tangible-Asset of 10.73% is 257.7% 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 Arrow Syndicate PCL and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arrow Syndicate PCL's current Return-on-Tangible-Asset is 10.73%, which is 11% above median its own 10-year median of 9.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arrow Syndicate PCL stock overvalued right now?
Arrow Syndicate PCL (BKK:ARROW-R) has a current Return-on-Tangible-Asset of 10.73%. The stock's GF Value™ is ฿4.93, compared to a current price of ฿5.15 — trading 4.5% above its estimated fair value. The current Return-on-Tangible-Asset is 10.73%, which is 11% above median its 10-year median of 9.69 and 257.7% above the Construction industry median of 3.00. Arrow Syndicate PCL's overall GF Score™ is 71/100 with 3 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 Arrow Syndicate PCL (BKK:ARROW-R), the current Return-on-Tangible-Asset is 10.73% 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 Arrow Syndicate PCL (BKK:ARROW-R) Overvalued in 2026?
Based on GuruFocus' analysis, Arrow Syndicate PCL stock appears to be overvalued.
The current stock price of ฿5.15 is trading 4.5% above its estimated GF Value™ of ฿4.93.
Key valuation signals for BKK:ARROW-R:
Return-on-Tangible-Asset: 10.73% (11% above median its 10-year median of 9.69)
GF Value™: ฿4.93 vs. price of ฿5.15 (4.5% above fair value)
Industry Position: 257.7% above the Construction median (#337 of 1777)
No single metric tells the full story. See the BKK:ARROW-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arrow Syndicate PCL is involved in the manufacturing and selling of various conduits. It is used in construction and building electrical conduits and PPR piping for water treatment systems. The company's product portfolio includes electrical conduits, Liquid tight conduit, Water pipe, Air duct, Corrugated duct, and Reinforced thermosetting resin conduct. Geographically, the company operates Overseas and Domestic market, which derives maximum revenue.
71GF Score
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