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Bualuang Office Leasehold REITBKK:B-WORK 62 Return-on-Tangible-Asset is 6.21% as of Jun. 2026, which is 9% above its 10-year median of 5.72. GuruFocus rates BKK:B-WORK with a GF Score™ of 62/100 and a GF Value™ of ฿3.92 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 928 REITs companies, Bualuang Office Leasehold REIT ranks better than 75.54% on this metric.
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.
Bualuang Office Leasehold REIT Return-on-Tangible-Asset Related Terms
Bualuang Office Leasehold REIT Return-on-Tangible-Asset Historical Data
* 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:B-WORK vs BXP, ARE, VNO: Return-on-Tangible-Asset Comparison
For the REIT - Office subindustry, Bualuang Office 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.
Bualuang Office Leasehold REIT Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Bualuang Office Leasehold REIT's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bualuang Office Leasehold REIT'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 6.21% mean?
Bualuang Office Leasehold REIT (BKK:B-WORK) has a Return-on-Tangible-Asset of 6.21% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Bualuang Office Leasehold REIT and its competitors. This is near median its historical median of 5.72. According to the industry distribution chart, Bualuang Office Leasehold REIT ranks #227 out of 928 companies in the REITs industry, placing it in the top 24.5%.
Is Bualuang Office Leasehold REIT's Return-on-Tangible-Asset too high?
Bualuang Office Leasehold REIT's current Return-on-Tangible-Asset of 6.21% is near median its 10-year median of 5.72. The REITs industry median Return-on-Tangible-Asset is 3.32. Bualuang Office Leasehold REIT's value of 6.21% is 87% above this industry median. Based on the distribution chart, Bualuang Office Leasehold REIT ranks #227 out of 928 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Bualuang Office Leasehold REIT has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bualuang Office Leasehold REIT's Return-on-Tangible-Asset compare to BXP and ARE?
According to the REITs industry distribution chart, Bualuang Office Leasehold REIT ranks #227 out of 928 companies for Return-on-Tangible-Asset. This places Bualuang Office Leasehold REIT in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.32. Bualuang Office Leasehold REIT's value of 6.21% is 87% above this benchmark. While the company's 10-year median is 5.72 vs. the industry median of 3.32, Bualuang Office 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 3.32, based on 928 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. Bualuang Office Leasehold REIT's current Return-on-Tangible-Asset of 6.21% is 87% 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 Bualuang Office Leasehold REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bualuang Office Leasehold REIT's current Return-on-Tangible-Asset is 6.21%, which is near median its own 10-year median of 5.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bualuang Office Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Bualuang Office Leasehold REIT (BKK:B-WORK) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿3.92, compared to a current price of ฿6.15 — trading 56.9% above its estimated fair value. The current Return-on-Tangible-Asset is 6.21%, which is near median its 10-year median of 5.72 and 87% above the REITs industry median of 3.32. Bualuang Office Leasehold REIT's overall GF Score™ is 62/100 with 9 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 Bualuang Office Leasehold REIT (BKK:B-WORK), the current Return-on-Tangible-Asset is 6.21% as of Jun. 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 Bualuang Office Leasehold REIT (BKK:B-WORK) Overvalued in 2026?
Based on GuruFocus' analysis, Bualuang Office Leasehold REIT stock appears to be overvalued.
The current stock price of ฿6.15 is trading 56.9% above its estimated GF Value™ of ฿3.92.
GuruFocus considers Bualuang Office Leasehold REIT to be Significantly Overvalued.
Key valuation signals for BKK:B-WORK:
Return-on-Tangible-Asset: 6.21% (near median its 10-year median of 5.72)
GF Value™: ฿3.92 vs. price of ฿6.15 (56.9% above fair value)
Industry Position: 87% above the REITs median (#227 of 928)
No single metric tells the full story. See the BKK:B-WORK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bualuang Office Leasehold REIT is an investment company. The Trust's objectives are to raise funds from investors and use funds to invest in the leasehold properties by lease and/ or sublease under 2 projects as follows: 1. True Tower 1 Project and 2. True Tower 2 Project. The Trust's main operations are derived from rental and service income from investing in properties and leasehold rights, seeking the benefits from properties, and properties for rent. The Trust has only one geographical segment that operates only in Thailand.
62GF Score
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