Banpu Power PCLBKK:BPP-R 82 Return-on-Tangible-Asset is 26.53% as of Mar. 2026, which is 291% above its 10-year median of 6.78. GuruFocus rates BKK:BPP-R with a GF Score™ of 82/100 and a GF Value™ of ฿10.52. The stock has 6 warning signs investors should review. Among 448 Utilities - Independent Power Producers companies, Banpu Power PCL ranks better than 89.06% 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. Banpu Power PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿23,508 Mil. Banpu Power PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿88,607 Mil. Therefore, Banpu Power PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 26.53%.
The historical rank and industry rank for Banpu Power PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:BPP-R'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.78 Med: 6.78 Max: 11.51
Current: 8.92
During the past 13 years, Banpu Power PCL's highest Return-on-Tangible-Asset was 11.51%. The lowest was 1.78%. And the median was 6.78%.
BKK:BPP-R's Return-on-Tangible-Asset is ranked better than 89.06% of 448
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.295
vs BKK:BPP-R: 8.92
Banpu Power PCL (BKK:BPP-R) 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.
Banpu Power PCL Return-on-Tangible-Asset Related Terms
Banpu Power PCL Return-on-Tangible-Asset Historical Data
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The historical data trend for Banpu Power 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:BPP-R vs CEG, VST, NRG: Return-on-Tangible-Asset Comparison
For the Utilities - Independent Power Producers subindustry, Banpu Power 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.
Banpu Power PCL Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Banpu Power PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Banpu Power 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 26.53% mean?
Banpu Power PCL (BKK:BPP-R) has a Return-on-Tangible-Asset of 26.53% 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 Banpu Power PCL and its competitors. This is 291% above median its historical median of 6.78. Over the past decade, Banpu Power PCL's Return-on-Tangible-Asset has ranged from 1.78 to 11.51. According to the industry distribution chart, Banpu Power PCL ranks #49 out of 448 companies in the Utilities - Independent Power Producers industry, placing it in the top 10.9%.
Is Banpu Power PCL's Return-on-Tangible-Asset too high?
Banpu Power PCL's current Return-on-Tangible-Asset of 26.53% is 291% above median its 10-year median of 6.78. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 11.51. The Utilities - Independent Power Producers industry median Return-on-Tangible-Asset is 1.30. Banpu Power PCL's value of 26.53% is 1948.6% above this industry median. Based on the distribution chart, Banpu Power PCL ranks #49 out of 448 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Banpu Power PCL has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Banpu Power PCL's Return-on-Tangible-Asset compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Banpu Power PCL ranks #49 out of 448 companies for Return-on-Tangible-Asset. This places Banpu Power PCL in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.30. Banpu Power PCL's value of 26.53% is 1948.6% above this benchmark. Historically, Banpu Power PCL's own Return-on-Tangible-Asset has ranged from 1.78 to 11.51 over the past decade. While the company's 10-year median is 6.78 vs. the industry median of 1.30, Banpu Power 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.30, based on 448 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. Banpu Power PCL's current Return-on-Tangible-Asset of 26.53% is 1948.6% 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 Banpu Power PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banpu Power PCL's current Return-on-Tangible-Asset is 26.53%, which is 291% above median its own 10-year median of 6.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banpu Power PCL stock overvalued right now?
Banpu Power PCL (BKK:BPP-R) has a current Return-on-Tangible-Asset of 26.53%. The stock's GF Value™ is ฿10.52, compared to a current price of ฿10.10 — trading 4% below its estimated fair value. The current Return-on-Tangible-Asset is 26.53%, which is 291% above median its 10-year median of 6.78 and 1948.6% above the Utilities - Independent Power Producers industry median of 1.30. Banpu Power PCL's overall GF Score™ is 82/100 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 Banpu Power PCL (BKK:BPP-R), the current Return-on-Tangible-Asset is 26.53% 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 Banpu Power PCL (BKK:BPP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Banpu Power PCL stock appears to be undervalued.
The current stock price of ฿10.10 is trading 4% below its estimated GF Value™ of ฿10.52.
Key valuation signals for BKK:BPP-R:
Return-on-Tangible-Asset: 26.53% (291% above median its 10-year median of 6.78)
GF Value™: ฿10.52 vs. price of ฿10.10 (4% below fair value)
Industry Position: 1948.6% above the Utilities - Independent Power Producers median (#49 of 448)
No single metric tells the full story. See the BKK:BPP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banpu Power PCL is engaged in investments in power businesses in Thailand and overseas. The business activities of the group include the generation and sale of electricity and other related business. The company's business segments include Power+: Power generation from thermal and renewable energy sources, both domestically and internationally. Second segment being Future Tech: Battery energy storage systems, solar rooftop and floating solar systems, battery production, energy trading, e-mobility, and energy efficiency businesses. Geographically, the company has its presence in the United States which is the key revenue driver, China, and other regions.
82GF Score
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