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Index International Group PCLBKK:IND +1.10%83 Return-on-Tangible-Asset is 2.37% as of Mar. 2026, which is 50% below its 10-year median of 4.73. GuruFocus rates BKK:IND with a GF Score™ of 83/100 and a GF Value™ of ฿1.38 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,780 Construction companies, Index International Group PCL ranks better than 66.8% on this metric.
The historical rank and industry rank for Index International Group PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:IND'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.78 Med: 4.73 Max: 9.44
Current: 5.68
During the past 8 years, Index International Group PCL's highest Return-on-Tangible-Asset was 9.44%. The lowest was 1.78%. And the median was 4.73%.
BKK:IND's Return-on-Tangible-Asset is ranked better than 66.8% of 1780
companies
in the Construction industry
Industry Median: 3.06
vs BKK:IND: 5.68
Index International Group PCL (BKK:IND) 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.
Index International Group PCL Return-on-Tangible-Asset Related Terms
Index International Group 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.
Index International Group PCL Return-on-Tangible-Asset Chart
BKK:IND vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, Index International 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.
Index International Group PCL Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Index International Group PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Index International 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 2.37% mean?
Index International Group PCL (BKK:IND) has a Return-on-Tangible-Asset of 2.37% 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 Index International Group PCL and its competitors. This is 50% below median its historical median of 4.73. Over the past decade, Index International Group PCL's Return-on-Tangible-Asset has ranged from 1.78 to 9.44. According to the industry distribution chart, Index International Group PCL ranks #591 out of 1780 companies in the Construction industry, placing it in the top 33.2%.
Is Index International Group PCL's Return-on-Tangible-Asset too high?
Index International Group PCL's current Return-on-Tangible-Asset of 2.37% is 50% below median its 10-year median of 4.73. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 9.44. The Construction industry median Return-on-Tangible-Asset is 3.06. Index International Group PCL's value of 2.37% is 22.5% below this industry median. Based on the distribution chart, Index International Group PCL ranks #591 out of 1780 companies in the Construction industry, which is above the industry midpoint. Overall, Index International Group PCL has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Index International Group PCL's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, Index International Group PCL ranks #591 out of 1780 companies for Return-on-Tangible-Asset. This puts Index International Group PCL in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.06. Index International Group PCL's value of 2.37% is 22.5% below this benchmark. Historically, Index International Group PCL's own Return-on-Tangible-Asset has ranged from 1.78 to 9.44 over the past decade. While the company's 10-year median is 4.73 vs. the industry median of 3.06, Index International Group PCL has consistently been below 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.06, based on 1,780 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. Index International Group PCL's current Return-on-Tangible-Asset of 2.37% is 22.5% below 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 Index International Group PCL and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Index International Group PCL's current Return-on-Tangible-Asset is 2.37%, which is 50% below median its own 10-year median of 4.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Index International Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Index International Group PCL (BKK:IND) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.38, compared to a current price of ฿0.92 — trading 33.3% below its estimated fair value. The current Return-on-Tangible-Asset is 2.37%, which is 50% below median its 10-year median of 4.73 and 22.5% below the Construction industry median of 3.06. Index International Group PCL's overall GF Score™ is 83/100 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 Index International Group PCL (BKK:IND), the current Return-on-Tangible-Asset is 2.37% 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 Index International Group PCL (BKK:IND) Overvalued in 2026?
Based on GuruFocus' analysis, Index International Group PCL stock appears to be undervalued.
The current stock price of ฿0.92 is trading 33.3% below its estimated GF Value™ of ฿1.38.
GuruFocus considers Index International Group PCL to be Possible Value Trap.
Key valuation signals for BKK:IND:
Return-on-Tangible-Asset: 2.37% (50% below median its 10-year median of 4.73)
GF Value™: ฿1.38 vs. price of ฿0.92 (33.3% below fair value)
Industry Position: 22.5% below the Construction median (#591 of 1780)
No single metric tells the full story. See the BKK:IND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Index International Group PCL Business Description
Index International Group PCL is an engineering consultancy firm offering detailed design services, project management services, and detailed design construction. Its services include a wide range of services in specialized fields such as project planning, city, and district planning, architectural design involving landscaping and architecture, and engineering design involving structural, electrical, mechanical, transportation, sanitary, geotechnical, environmental, and water resources engineering. The group operates in Thailand.
83GF Score
Get the complete analysis for BKK:IND
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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