Bangkok Aviation Fuel Services PCLBKK:BAFS +3.85%74 Return-on-Tangible-Asset is 3.07% as of Mar. 2026, which is 284% above its 10-year median of 0.80. GuruFocus rates BKK:BAFS with a GF Score™ of 74/100 and a GF Value™ of ฿15.72 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 1,008 Transportation companies, Bangkok Aviation Fuel Services PCL ranks worse than 73.12% on this metric.
The historical rank and industry rank for Bangkok Aviation Fuel Services PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:BAFS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.87 Med: 0.8 Max: 12.98
Current: 1.11
During the past 13 years, Bangkok Aviation Fuel Services PCL's highest Return-on-Tangible-Asset was 12.98%. The lowest was -3.87%. And the median was 0.80%.
BKK:BAFS's Return-on-Tangible-Asset is ranked worse than 73.12% of 1008
companies
in the Transportation industry
Industry Median: 3.78
vs BKK:BAFS: 1.11
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.
Bangkok Aviation Fuel Services PCL Return-on-Tangible-Asset Related Terms
Bangkok Aviation Fuel Services PCL 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:BAFS vs JOBY, CAAP: Return-on-Tangible-Asset Comparison
For the Airports & Air Services subindustry, Bangkok Aviation Fuel Services 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.
Bangkok Aviation Fuel Services PCL Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Bangkok Aviation Fuel Services PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bangkok Aviation Fuel Services 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 3.07% mean?
Bangkok Aviation Fuel Services PCL (BKK:BAFS) has a Return-on-Tangible-Asset of 3.07% 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 Bangkok Aviation Fuel Services PCL and its competitors. This is 284% above median its historical median of 0.80. According to the industry distribution chart, Bangkok Aviation Fuel Services PCL ranks #737 out of 1008 companies in the Transportation industry, placing it in the top 73.1%.
Is Bangkok Aviation Fuel Services PCL's Return-on-Tangible-Asset too high?
Bangkok Aviation Fuel Services PCL's current Return-on-Tangible-Asset of 3.07% is 284% above median its 10-year median of 0.80. The Transportation industry median Return-on-Tangible-Asset is 3.78. Bangkok Aviation Fuel Services PCL's value of 3.07% is 18.8% below this industry median. Based on the distribution chart, Bangkok Aviation Fuel Services PCL ranks #737 out of 1008 companies in the Transportation industry, which is below the industry midpoint. Overall, Bangkok Aviation Fuel Services PCL has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bangkok Aviation Fuel Services PCL's Return-on-Tangible-Asset compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Bangkok Aviation Fuel Services PCL ranks #737 out of 1008 companies for Return-on-Tangible-Asset. This places Bangkok Aviation Fuel Services PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.78. Bangkok Aviation Fuel Services PCL's value of 3.07% is 18.8% below this benchmark. While the company's 10-year median is 0.80 vs. the industry median of 3.78, Bangkok Aviation Fuel Services PCL has consistently been below 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 Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.78, based on 1,008 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. Bangkok Aviation Fuel Services PCL's current Return-on-Tangible-Asset of 3.07% is 18.8% 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 Bangkok Aviation Fuel Services PCL and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangkok Aviation Fuel Services PCL's current Return-on-Tangible-Asset is 3.07%, which is 284% above median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Aviation Fuel Services PCL stock overvalued right now?
Based on GuruFocus' analysis, Bangkok Aviation Fuel Services PCL (BKK:BAFS) is currently considered Possible Value Trap. The stock's GF Value™ is ฿15.72, compared to a current price of ฿10.80 — trading 31.3% below its estimated fair value. The current Return-on-Tangible-Asset is 3.07%, which is 284% above median its 10-year median of 0.80 and 18.8% below the Transportation industry median of 3.78. Bangkok Aviation Fuel Services PCL's overall GF Score™ is 74/100 with 10 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 Bangkok Aviation Fuel Services PCL (BKK:BAFS), the current Return-on-Tangible-Asset is 3.07% 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 Bangkok Aviation Fuel Services PCL (BKK:BAFS) Overvalued in 2026?
Based on GuruFocus' analysis, Bangkok Aviation Fuel Services PCL stock appears to be undervalued.
The current stock price of ฿10.80 is trading 31.3% below its estimated GF Value™ of ฿15.72.
GuruFocus considers Bangkok Aviation Fuel Services PCL to be Possible Value Trap.
Key valuation signals for BKK:BAFS:
Return-on-Tangible-Asset: 3.07% (284% above median its 10-year median of 0.80)
GF Value™: ฿15.72 vs. price of ฿10.80 (31.3% below fair value)
Industry Position: 18.8% below the Transportation median (#737 of 1008)
No single metric tells the full story. See the BKK:BAFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bangkok Aviation Fuel Services PCL Business Description
Bangkok Aviation Fuel Services PCL provides fuel services and storage for multiple airports in Thailand. The company has three operating segments: The aviation segment, the Utility and Power segment, and the business solution segment. The aviation segment provides in-plane service, manufacture, and assembly of hydrant dispensers. The utilities and power segment provides fuel pipeline transportation services, as well as the generation and distribution of electricity from solar power to the government. The business solution segment involves the development, design, manufacture, and sales of innovation and digital products, including the provision of other services. The majority of its revenue is generated from the Aviation segment.
74GF Score
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