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Eastern Star Real Estate PCLBKK:ESTAR 47 Return-on-Tangible-Asset is 2.00% as of Mar. 2026, which is 61% above its 10-year median of 1.24. GuruFocus rates BKK:ESTAR with a GF Score™ of 47/100 and a GF Value™ of ฿0.35 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,801 Real Estate companies, Eastern Star Real Estate PCL ranks better than 54.47% on this metric.
The historical rank and industry rank for Eastern Star Real Estate PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:ESTAR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.31 Med: 1.24 Max: 6.91
Current: 2.27
During the past 13 years, Eastern Star Real Estate PCL's highest Return-on-Tangible-Asset was 6.91%. The lowest was 0.31%. And the median was 1.24%.
BKK:ESTAR's Return-on-Tangible-Asset is ranked better than 54.47% of 1801
companies
in the Real Estate industry
Industry Median: 1.75
vs BKK:ESTAR: 2.27
Eastern Star Real Estate PCL (BKK:ESTAR) 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.
Eastern Star Real Estate PCL Return-on-Tangible-Asset Related Terms
Eastern Star Real Estate 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.
Eastern Star Real Estate PCL Return-on-Tangible-Asset Chart
Eastern Star Real Estate PCL Return-on-Tangible-Asset Competitor Comparison
For the Real Estate - Development subindustry, Eastern Star Real Estate 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.
Eastern Star Real Estate PCL Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Eastern Star Real Estate PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Eastern Star Real Estate 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 2.00% mean?
Eastern Star Real Estate PCL (BKK:ESTAR) has a Return-on-Tangible-Asset of 2.00% 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 Eastern Star Real Estate PCL and its competitors. This is 61% above median its historical median of 1.24. Over the past decade, Eastern Star Real Estate PCL's Return-on-Tangible-Asset has ranged from 0.31 to 6.91. According to the industry distribution chart, Eastern Star Real Estate PCL ranks #820 out of 1801 companies in the Real Estate industry, placing it in the top 45.5%.
Is Eastern Star Real Estate PCL's Return-on-Tangible-Asset too high?
Eastern Star Real Estate PCL's current Return-on-Tangible-Asset of 2.00% is 61% above median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 6.91. The Real Estate industry median Return-on-Tangible-Asset is 1.75. Eastern Star Real Estate PCL's value of 2.00% is 14.3% above this industry median. Based on the distribution chart, Eastern Star Real Estate PCL ranks #820 out of 1801 companies in the Real Estate industry, which is above the industry midpoint. Overall, Eastern Star Real Estate PCL has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Eastern Star Real Estate PCL's Return-on-Tangible-Asset compare to competitors?
According to the Real Estate industry distribution chart, Eastern Star Real Estate PCL ranks #820 out of 1801 companies for Return-on-Tangible-Asset. This puts Eastern Star Real Estate PCL in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.75. Eastern Star Real Estate PCL's value of 2.00% is 14.3% above this benchmark. Historically, Eastern Star Real Estate PCL's own Return-on-Tangible-Asset has ranged from 0.31 to 6.91 over the past decade. While the company's 10-year median is 1.24 vs. the industry median of 1.75, Eastern Star Real Estate 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.75, based on 1,801 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. Eastern Star Real Estate PCL's current Return-on-Tangible-Asset of 2.00% is 14.3% 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 Eastern Star Real Estate PCL and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eastern Star Real Estate PCL's current Return-on-Tangible-Asset is 2.00%, which is 61% above median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eastern Star Real Estate PCL stock overvalued right now?
Based on GuruFocus' analysis, Eastern Star Real Estate PCL (BKK:ESTAR) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.35, compared to a current price of ฿0.25 — trading 28.6% below its estimated fair value. The current Return-on-Tangible-Asset is 2.00%, which is 61% above median its 10-year median of 1.24 and 14.3% above the Real Estate industry median of 1.75. Eastern Star Real Estate PCL's overall GF Score™ is 47/100 with 8 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 Eastern Star Real Estate PCL (BKK:ESTAR), the current Return-on-Tangible-Asset is 2.00% 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 Eastern Star Real Estate PCL (BKK:ESTAR) Overvalued in 2026?
Based on GuruFocus' analysis, Eastern Star Real Estate PCL stock appears to be undervalued.
The current stock price of ฿0.25 is trading 28.6% below its estimated GF Value™ of ฿0.35.
GuruFocus considers Eastern Star Real Estate PCL to be Modestly Undervalued.
Key valuation signals for BKK:ESTAR:
Return-on-Tangible-Asset: 2.00% (61% above median its 10-year median of 1.24)
GF Value™: ฿0.35 vs. price of ฿0.25 (28.6% below fair value)
Industry Position: 14.3% above the Real Estate median (#820 of 1801)
No single metric tells the full story. See the BKK:ESTAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eastern Star Real Estate PCL is a company engaged in the real estate development business. It undertakes housing and condominium projects. The group operates in four business segments, namely, the Real estate business, Golf course business, Rental business, and property rental business segment, of which a majority of the revenue is derived from the Real estate business. The company and its subsidiaries operate only in Thailand.
47GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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