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Carabao Group PCLBKK:CBG +0.99%91 Return-on-Tangible-Asset is 12.46% as of Mar. 2026, which is 11% below its 10-year median of 14.07. GuruFocus rates BKK:CBG with a GF Score™ of 91/100 and a GF Value™ of ฿76.64 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 116 Beverages - Non-Alcoholic companies, Carabao Group PCL ranks better than 70.69% 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. Carabao Group PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿2,444 Mil. Carabao Group PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿19,617 Mil. Therefore, Carabao Group PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 12.46%.
The historical rank and industry rank for Carabao Group PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:CBG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 9.03 Med: 14.07 Max: 22.96
Current: 11.37
During the past 13 years, Carabao Group PCL's highest Return-on-Tangible-Asset was 22.96%. The lowest was 9.03%. And the median was 14.07%.
BKK:CBG's Return-on-Tangible-Asset is ranked better than 70.69% of 116
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 6.93
vs BKK:CBG: 11.37
Carabao Group PCL (BKK:CBG) 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.
Carabao Group PCL Return-on-Tangible-Asset Related Terms
Carabao Group PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Carabao Group 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:CBG vs KO, PEP, MNST: Return-on-Tangible-Asset Comparison
For the Beverages - Non-Alcoholic subindustry, Carabao Group 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.
Carabao Group PCL Return-on-Tangible-Asset vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Carabao Group PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Carabao Group 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 12.46% mean?
Carabao Group PCL (BKK:CBG) has a Return-on-Tangible-Asset of 12.46% 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 Carabao Group PCL and its competitors. This is 11% below median its historical median of 14.07. Over the past decade, Carabao Group PCL's Return-on-Tangible-Asset has ranged from 9.03 to 22.96. According to the industry distribution chart, Carabao Group PCL ranks #34 out of 116 companies in the Beverages - Non-Alcoholic industry, placing it in the top 29.3%.
Is Carabao Group PCL's Return-on-Tangible-Asset too high?
Carabao Group PCL's current Return-on-Tangible-Asset of 12.46% is 11% below median its 10-year median of 14.07. Over the past 10 years, this metric has ranged from a low of 9.03 to a high of 22.96. The Beverages - Non-Alcoholic industry median Return-on-Tangible-Asset is 6.93. Carabao Group PCL's value of 12.46% is 79.8% above this industry median. Based on the distribution chart, Carabao Group PCL ranks #34 out of 116 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Carabao Group PCL has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carabao Group PCL's Return-on-Tangible-Asset compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Carabao Group PCL ranks #34 out of 116 companies for Return-on-Tangible-Asset. This puts Carabao Group PCL in the upper half of its industry. The industry median Return-on-Tangible-Asset is 6.93. Carabao Group PCL's value of 12.46% is 79.8% above this benchmark. Historically, Carabao Group PCL's own Return-on-Tangible-Asset has ranged from 9.03 to 22.96 over the past decade. While the company's 10-year median is 14.07 vs. the industry median of 6.93, Carabao Group 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 Beverages - Non-Alcoholic company?
The median Return-on-Tangible-Asset among Beverages - Non-Alcoholic companies is 6.93, based on 116 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. Carabao Group PCL's current Return-on-Tangible-Asset of 12.46% is 79.8% 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 Carabao Group PCL and its competitors. For the Beverages - Non-Alcoholic industry, the median Return-on-Tangible-Asset is 6.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carabao Group PCL's current Return-on-Tangible-Asset is 12.46%, which is 11% below median its own 10-year median of 14.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carabao Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Carabao Group PCL (BKK:CBG) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿76.64, compared to a current price of ฿51.25 — trading 33.1% below its estimated fair value. The current Return-on-Tangible-Asset is 12.46%, which is 11% below median its 10-year median of 14.07 and 79.8% above the Beverages - Non-Alcoholic industry median of 6.93. Carabao Group PCL's overall GF Score™ is 91/100 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 Carabao Group PCL (BKK:CBG), the current Return-on-Tangible-Asset is 12.46% 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 Carabao Group PCL (BKK:CBG) Overvalued in 2026?
Based on GuruFocus' analysis, Carabao Group PCL stock appears to be undervalued.
The current stock price of ฿51.25 is trading 33.1% below its estimated GF Value™ of ฿76.64.
GuruFocus considers Carabao Group PCL to be Significantly Undervalued.
Key valuation signals for BKK:CBG:
Return-on-Tangible-Asset: 12.46% (11% below median its 10-year median of 14.07)
GF Value™: ฿76.64 vs. price of ฿51.25 (33.1% below fair value)
Industry Position: 79.8% above the Beverages - Non-Alcoholic median (#34 of 116)
No single metric tells the full story. See the BKK:CBG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carabao Group PCL manufactures and distributes energy drinks, water, and coffee under different brand names through its subsidiaries. It operates in three reportable segments: Manufacture and distribution of drinks under Group's trademark, Distribution of OEM products under Group's trademark, and Distribution of other products. A majority of the company's revenue is generated from the Manufacture and distribution of drinks under Group's trademark segment, which manufactures and sells carbonated and non-carbonated energy drinks, coffee, sports drinks, and vitamin-C drinks through Carabao and Woody C plus brands. Geographically, the company generates maximum revenue from the domestic market, and the rest from overseas markets like the United Kingdom, and other regions.
91GF Score
Get the complete analysis for BKK:CBG
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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