Ichitan Group PCLBKK:ICHI-R 94 Return-on-Tangible-Asset is 16.40% as of Mar. 2026, which is 128% above its 10-year median of 7.20. GuruFocus rates BKK:ICHI-R with a GF Score™ of 94/100 and a GF Value™ of ฿11.53. The stock has 3 warning signs investors should review. Among 116 Beverages - Non-Alcoholic companies, Ichitan Group PCL ranks better than 92.24% 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. Ichitan Group PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿1,146 Mil. Ichitan Group PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿6,989 Mil. Therefore, Ichitan Group PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 16.40%.
The historical rank and industry rank for Ichitan Group PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:ICHI-R'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.52 Med: 7.2 Max: 19.52
Current: 19.52
During the past 13 years, Ichitan Group PCL's highest Return-on-Tangible-Asset was 19.52%. The lowest was 0.52%. And the median was 7.20%.
BKK:ICHI-R's Return-on-Tangible-Asset is ranked better than 92.24% of 116
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 6.755
vs BKK:ICHI-R: 19.52
Ichitan Group PCL (BKK:ICHI-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.
Ichitan Group PCL Return-on-Tangible-Asset Related Terms
Ichitan Group PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ichitan 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:ICHI-R vs KO, PEP, MNST: Return-on-Tangible-Asset Comparison
For the Beverages - Non-Alcoholic subindustry, Ichitan 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.
Ichitan Group PCL Return-on-Tangible-Asset vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Ichitan Group PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ichitan 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 16.40% mean?
Ichitan Group PCL (BKK:ICHI-R) has a Return-on-Tangible-Asset of 16.40% 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 Ichitan Group PCL and its competitors. This is 128% above median its historical median of 7.20. Over the past decade, Ichitan Group PCL's Return-on-Tangible-Asset has ranged from 0.52 to 19.52. According to the industry distribution chart, Ichitan Group PCL ranks #9 out of 116 companies in the Beverages - Non-Alcoholic industry, placing it in the top 7.8%.
Is Ichitan Group PCL's Return-on-Tangible-Asset too high?
Ichitan Group PCL's current Return-on-Tangible-Asset of 16.40% is 128% above median its 10-year median of 7.20. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 19.52. The Beverages - Non-Alcoholic industry median Return-on-Tangible-Asset is 6.76. Ichitan Group PCL's value of 16.40% is 142.8% above this industry median. Based on the distribution chart, Ichitan Group PCL ranks #9 out of 116 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Ichitan Group PCL has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does Ichitan Group PCL's Return-on-Tangible-Asset compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Ichitan Group PCL ranks #9 out of 116 companies for Return-on-Tangible-Asset. This places Ichitan Group PCL in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 6.76. Ichitan Group PCL's value of 16.40% is 142.8% above this benchmark. Historically, Ichitan Group PCL's own Return-on-Tangible-Asset has ranged from 0.52 to 19.52 over the past decade. While the company's 10-year median is 7.20 vs. the industry median of 6.76, Ichitan 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 6.76, 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. Ichitan Group PCL's current Return-on-Tangible-Asset of 16.40% is 142.8% 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 Ichitan Group PCL and its competitors. For the Beverages - Non-Alcoholic industry, the median Return-on-Tangible-Asset is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichitan Group PCL's current Return-on-Tangible-Asset is 16.40%, which is 128% above median its own 10-year median of 7.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichitan Group PCL stock overvalued right now?
Ichitan Group PCL (BKK:ICHI-R) has a current Return-on-Tangible-Asset of 16.40%. The stock's GF Value™ is ฿11.53, compared to a current price of ฿10.60 — trading 8.1% below its estimated fair value. The current Return-on-Tangible-Asset is 16.40%, which is 128% above median its 10-year median of 7.20 and 142.8% above the Beverages - Non-Alcoholic industry median of 6.76. Ichitan Group PCL's overall GF Score™ is 94/100 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 Ichitan Group PCL (BKK:ICHI-R), the current Return-on-Tangible-Asset is 16.40% 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 Ichitan Group PCL (BKK:ICHI-R) Overvalued in 2026?
Based on GuruFocus' analysis, Ichitan Group PCL stock appears to be undervalued.
The current stock price of ฿10.60 is trading 8.1% below its estimated GF Value™ of ฿11.53.
Key valuation signals for BKK:ICHI-R:
Return-on-Tangible-Asset: 16.40% (128% above median its 10-year median of 7.20)
GF Value™: ฿11.53 vs. price of ฿10.60 (8.1% below fair value)
Industry Position: 142.8% above the Beverages - Non-Alcoholic median (#9 of 116)
No single metric tells the full story. See the BKK:ICHI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ichitan Group PCL manufactures and sells ready-to-drink tea beverages in Thailand. It manufactures and sells ready to drink green tea beverage, herbal drink, and low-sugar ready-to-drink tea beverage, under the brand name of Ichitan Green Tea. Majority of the revenue for the company is generated from Thailand and rest from overseas markets.
94GF Score
Get the complete analysis for BKK:ICHI-R
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:ICHI-R has been successfully added to your 
