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POSCO-Thainox PCLBKK:INOX 67 Return-on-Tangible-Asset is 1.74% as of Jun. 2026, which is 17% below its 10-year median of 2.09. GuruFocus rates BKK:INOX with a GF Score™ of 67/100 and a GF Value™ of ฿4.31 (Fairly Valued). The stock has 4 warning signs investors should review. Among 633 Steel companies, POSCO-Thainox PCL ranks worse than 54.66% 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. POSCO-Thainox PCL's annualizedNet Income for the quarter that ended in Jun. 2026 was ฿203 Mil. POSCO-Thainox PCL's average total tangible assets for the quarter that ended in Jun. 2026 was ฿11,671 Mil. Therefore, POSCO-Thainox PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 1.74%.
The historical rank and industry rank for POSCO-Thainox PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:INOX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.63 Med: 2.09 Max: 7.16
Current: 1.42
During the past 13 years, POSCO-Thainox PCL's highest Return-on-Tangible-Asset was 7.16%. The lowest was -0.63%. And the median was 2.09%.
BKK:INOX's Return-on-Tangible-Asset is ranked worse than 54.66% of 633
companies
in the Steel industry
Industry Median: 2.12
vs BKK:INOX: 1.42
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.
POSCO-Thainox PCL Return-on-Tangible-Asset Related Terms
POSCO-Thainox PCL Return-on-Tangible-Asset Historical Data
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The historical data trend for POSCO-Thainox 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:INOX vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, POSCO-Thainox 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.
POSCO-Thainox PCL Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, POSCO-Thainox PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where POSCO-Thainox 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.74% mean?
POSCO-Thainox PCL (BKK:INOX) has a Return-on-Tangible-Asset of 1.74% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on POSCO-Thainox PCL and its competitors. This is 17% below median its historical median of 2.09. According to the industry distribution chart, POSCO-Thainox PCL ranks #346 out of 633 companies in the Steel industry, placing it in the top 54.7%.
Is POSCO-Thainox PCL's Return-on-Tangible-Asset too high?
POSCO-Thainox PCL's current Return-on-Tangible-Asset of 1.74% is 17% below median its 10-year median of 2.09. The Steel industry median Return-on-Tangible-Asset is 2.12. POSCO-Thainox PCL's value of 1.74% is 17.9% below this industry median. Based on the distribution chart, POSCO-Thainox PCL ranks #346 out of 633 companies in the Steel industry, which is below the industry midpoint. Overall, POSCO-Thainox PCL has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does POSCO-Thainox PCL's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, POSCO-Thainox PCL ranks #346 out of 633 companies for Return-on-Tangible-Asset. This places POSCO-Thainox PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.12. POSCO-Thainox PCL's value of 1.74% is 17.9% below this benchmark. While the company's 10-year median is 2.09 vs. the industry median of 2.12, POSCO-Thainox 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.12, based on 633 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. POSCO-Thainox PCL's current Return-on-Tangible-Asset of 1.74% is 17.9% 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 POSCO-Thainox PCL and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. POSCO-Thainox PCL's current Return-on-Tangible-Asset is 1.74%, which is 17% below median its own 10-year median of 2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is POSCO-Thainox PCL stock overvalued right now?
Based on GuruFocus' analysis, POSCO-Thainox PCL (BKK:INOX) is currently considered Fairly Valued. The stock's GF Value™ is ฿4.31, compared to a current price of ฿4.16 — trading 3.5% below its estimated fair value. The current Return-on-Tangible-Asset is 1.74%, which is 17% below median its 10-year median of 2.09 and 17.9% below the Steel industry median of 2.12. POSCO-Thainox PCL's overall GF Score™ is 67/100 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 POSCO-Thainox PCL (BKK:INOX), the current Return-on-Tangible-Asset is 1.74% as of Jun. 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 POSCO-Thainox PCL (BKK:INOX) Overvalued in 2026?
Based on GuruFocus' analysis, POSCO-Thainox PCL stock appears to be undervalued.
The current stock price of ฿4.16 is trading 3.5% below its estimated GF Value™ of ฿4.31.
GuruFocus considers POSCO-Thainox PCL to be Fairly Valued.
Key valuation signals for BKK:INOX:
Return-on-Tangible-Asset: 1.74% (17% below median its 10-year median of 2.09)
GF Value™: ฿4.31 vs. price of ฿4.16 (3.5% below fair value)
Industry Position: 17.9% below the Steel median (#346 of 633)
No single metric tells the full story. See the BKK:INOX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
POSCO-Thainox PCL is engaged in production and sales of cold-rolled stainless steel as raw material in the production of household appliances such as kitchenette, sinks, washing machines etc. including other industries. Its products portfolio includes Austenitic Stainless Steel and Ferritic Stainless Steel. The company's products are used in Automotive and Transportation Parts, Electrical Home Appliances, Kitchenware, Food Processing and Medical Equipment, Heavy Industry, Energy and Environment, and Architecture, Building and Construction industries.
67GF Score
Get the complete analysis for BKK:INOX
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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