Earth Tech Environment PCLBKK:ETC-R 72 Return-on-Tangible-Asset is 4.08% as of Mar. 2026, which is 37% above its 10-year median of 2.97. GuruFocus rates BKK:ETC-R with a GF Score™ of 72/100 and a GF Value™ of ฿1.78. The stock has 4 warning signs investors should review. Among 447 Utilities - Independent Power Producers companies, Earth Tech Environment PCL ranks better than 93.29% 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. Earth Tech Environment PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿156.8 Mil. Earth Tech Environment PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿3,840.4 Mil. Therefore, Earth Tech Environment PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.08%.
The historical rank and industry rank for Earth Tech Environment PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:ETC-R'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.64 Med: 2.97 Max: 11.57
Current: 11.57
During the past 8 years, Earth Tech Environment PCL's highest Return-on-Tangible-Asset was 11.57%. The lowest was 0.64%. And the median was 2.97%.
BKK:ETC-R's Return-on-Tangible-Asset is ranked better than 93.29% of 447
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.29
vs BKK:ETC-R: 11.57
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.
Earth Tech Environment PCL Return-on-Tangible-Asset Related Terms
Earth Tech Environment 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.
For the Utilities - Renewable subindustry, Earth Tech Environment 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.
Earth Tech Environment PCL Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Earth Tech Environment PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Earth Tech Environment 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 4.08% mean?
Earth Tech Environment PCL (BKK:ETC-R) has a Return-on-Tangible-Asset of 4.08% 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 Earth Tech Environment PCL and its competitors. This is 37% above median its historical median of 2.97. Over the past decade, Earth Tech Environment PCL's Return-on-Tangible-Asset has ranged from 0.64 to 11.57. According to the industry distribution chart, Earth Tech Environment PCL ranks #30 out of 447 companies in the Utilities - Independent Power Producers industry, placing it in the top 6.7%.
Is Earth Tech Environment PCL's Return-on-Tangible-Asset too high?
Earth Tech Environment PCL's current Return-on-Tangible-Asset of 4.08% is 37% above median its 10-year median of 2.97. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 11.57. The Utilities - Independent Power Producers industry median Return-on-Tangible-Asset is 1.29. Earth Tech Environment PCL's value of 4.08% is 216.3% above this industry median. Based on the distribution chart, Earth Tech Environment PCL ranks #30 out of 447 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Earth Tech Environment PCL has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Earth Tech Environment PCL's Return-on-Tangible-Asset compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Earth Tech Environment PCL ranks #30 out of 447 companies for Return-on-Tangible-Asset. This places Earth Tech Environment PCL in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.29. Earth Tech Environment PCL's value of 4.08% is 216.3% above this benchmark. Historically, Earth Tech Environment PCL's own Return-on-Tangible-Asset has ranged from 0.64 to 11.57 over the past decade. While the company's 10-year median is 2.97 vs. the industry median of 1.29, Earth Tech Environment 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 1.29, based on 447 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. Earth Tech Environment PCL's current Return-on-Tangible-Asset of 4.08% is 216.3% 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 Earth Tech Environment PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Earth Tech Environment PCL's current Return-on-Tangible-Asset is 4.08%, which is 37% above median its own 10-year median of 2.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Earth Tech Environment PCL stock overvalued right now?
Earth Tech Environment PCL (BKK:ETC-R) has a current Return-on-Tangible-Asset of 4.08%. The stock's GF Value™ is ฿1.78, compared to a current price of ฿0.68 — trading 62% below its estimated fair value. The current Return-on-Tangible-Asset is 4.08%, which is 37% above median its 10-year median of 2.97 and 216.3% above the Utilities - Independent Power Producers industry median of 1.29. Earth Tech Environment PCL's overall GF Score™ is 72/100 with 4 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 Earth Tech Environment PCL (BKK:ETC-R), the current Return-on-Tangible-Asset is 4.08% 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 Earth Tech Environment PCL (BKK:ETC-R) Overvalued in 2026?
Based on GuruFocus' analysis, Earth Tech Environment PCL stock appears to be undervalued.
The current stock price of ฿0.68 is trading 62% below its estimated GF Value™ of ฿1.78.
Key valuation signals for BKK:ETC-R:
Return-on-Tangible-Asset: 4.08% (37% above median its 10-year median of 2.97)
GF Value™: ฿1.78 vs. price of ฿0.68 (62% below fair value)
Industry Position: 216.3% above the Utilities - Independent Power Producers median (#30 of 447)
No single metric tells the full story. See the BKK:ETC-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Earth Tech Environment PCL is a service provider for the production and distribution of electricity. It produces and distributes electricity from the first non-hazardous industrial materials in Thailand by using sewage or unused materials to process as fuel to produce electricity. It also provides an air quality control system, water management system, and community involvement. The company's segment includes Power business and Construction. It generates maximum revenue from the Power business segment.
72GF Score
Get the complete analysis for BKK:ETC-R
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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