Jaymart Group Holdings PCL (BKK:JMART) Return-on-Tangible-Asset: 1.16% (As of Mar. 2026) — 62% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:JMART Jaymart Group Holdings PCL BKK:JMART
63 GF Score
Price ฿11.60
GF Value ฿14.17
Valuation Modestly Undervalued
! 12 Warning Signs
View Full Analysis

What is Jaymart Group Holdings PCL Return-on-Tangible-Asset?

Jaymart Group Holdings PCL BKK:JMART -3.33% 63 Return-on-Tangible-Asset is 1.16% as of Mar. 2026, which is 62% below its 10-year median of 3.09. GuruFocus rates BKK:JMART with a GF Score™ of 63/100 and a GF Value™ of ฿14.17 (Modestly Undervalued). The stock has 12 warning signs investors should review. Among 1,130 Retail - Cyclical companies, Jaymart Group Holdings PCL ranks worse than 72.57% 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. Jaymart Group Holdings PCL's annualized Net Income for the quarter that ended in Mar. 2026 was ฿651 Mil. Jaymart Group Holdings PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿56,074 Mil. Therefore, Jaymart Group Holdings PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.16%.

The historical rank and industry rank for Jaymart Group Holdings PCL's Return-on-Tangible-Asset or its related term are showing as below:

BKK:JMART' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.59   Med: 3.09   Max: 7.06
Current: -0.24

During the past 13 years, Jaymart Group Holdings PCL's highest Return-on-Tangible-Asset was 7.06%. The lowest was -1.59%. And the median was 3.09%.

BKK:JMART's Return-on-Tangible-Asset is ranked worse than
72.57% of 1130 companies
in the Retail - Cyclical industry
Industry Median: 2.92 vs BKK:JMART: -0.24

Jaymart Group Holdings PCL  (BKK:JMART) 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 company’s 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 company’s 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.


Jaymart Group Holdings PCL Return-on-Tangible-Asset Related Terms


Jaymart Group Holdings PCL Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Jaymart Group Holdings 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.

Jaymart Group Holdings PCL Return-on-Tangible-Asset Chart

Jaymart Group Holdings PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.06 3.60 -0.77 1.89 -0.28

Jaymart Group Holdings PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.94 0.75 0.55 -3.38 1.16

BKK:JMART vs CASY, WSM, DKS: Return-on-Tangible-Asset Comparison

For the Specialty Retail subindustry, Jaymart Group Holdings 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.


Jaymart Group Holdings PCL Return-on-Tangible-Asset vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Jaymart Group Holdings PCL's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Jaymart Group Holdings PCL's Return-on-Tangible-Asset falls into.


BKK:JMART
63GF Score
Jaymart Group Holdings PCL BKK:JMART
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jaymart Group Holdings PCL Return-on-Tangible-Asset Calculation

Jaymart Group Holdings PCL's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-161.839/( (59254.093+55703.721)/ 2 )
=-161.839/57478.907
=-0.28 %

Jaymart Group Holdings PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=650.86/( (55703.721+56445.058)/ 2 )
=650.86/56074.3895
=1.16 %

* 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 1.16% mean?
Jaymart Group Holdings PCL (BKK:JMART) has a Return-on-Tangible-Asset of 1.16% 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 Jaymart Group Holdings PCL and its competitors. This is 62% below median its historical median of 3.09. According to the industry distribution chart, Jaymart Group Holdings PCL ranks #820 out of 1130 companies in the Retail - Cyclical industry, placing it in the top 72.6%.
Is Jaymart Group Holdings PCL's Return-on-Tangible-Asset too high?
Jaymart Group Holdings PCL's current Return-on-Tangible-Asset of 1.16% is 62% below median its 10-year median of 3.09. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.92. Jaymart Group Holdings PCL's value of 1.16% is 60.3% below this industry median. Based on the distribution chart, Jaymart Group Holdings PCL ranks #820 out of 1130 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Jaymart Group Holdings PCL has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jaymart Group Holdings PCL's Return-on-Tangible-Asset compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Jaymart Group Holdings PCL ranks #820 out of 1130 companies for Return-on-Tangible-Asset. This places Jaymart Group Holdings PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.92. Jaymart Group Holdings PCL's value of 1.16% is 60.3% below this benchmark. While the company's 10-year median is 3.09 vs. the industry median of 2.92, Jaymart Group Holdings 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 Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.92, based on 1,130 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. Jaymart Group Holdings PCL's current Return-on-Tangible-Asset of 1.16% is 60.3% 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 Jaymart Group Holdings PCL and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jaymart Group Holdings PCL's current Return-on-Tangible-Asset is 1.16%, which is 62% below median its own 10-year median of 3.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jaymart Group Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, Jaymart Group Holdings PCL (BKK:JMART) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿14.17, compared to a current price of ฿11.60 — trading 18.1% below its estimated fair value. The current Return-on-Tangible-Asset is 1.16%, which is 62% below median its 10-year median of 3.09 and 60.3% below the Retail - Cyclical industry median of 2.92. Jaymart Group Holdings PCL's overall GF Score™ is 63/100 with 12 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 Jaymart Group Holdings PCL (BKK:JMART), the current Return-on-Tangible-Asset is 1.16% 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 Jaymart Group Holdings PCL (BKK:JMART) Overvalued in 2026?

Based on GuruFocus' analysis, Jaymart Group Holdings PCL stock appears to be undervalued. The current stock price of ฿11.60 is trading 18.1% below its estimated GF Value™ of ฿14.17. GuruFocus considers Jaymart Group Holdings PCL to be Modestly Undervalued.

Key valuation signals for BKK:JMART:

  • Return-on-Tangible-Asset: 1.16% (62% below median its 10-year median of 3.09)
  • GF Value™: ฿14.17 vs. price of ฿11.60 (18.1% below fair value)
  • GF Score™: 63/100 with 12 warning signs
  • Industry Position: 60.3% below the Retail - Cyclical median (#820 of 1130)

No single metric tells the full story. See the BKK:JMART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jaymart Group Holdings PCL Business Description

Address Ramkhamhaeng Road, 187,189, Jaymart Building, Rat Phatthana Sub - District, Saphan Sung District, Bangkok, THA, 10240
Jaymart Group Holdings PCL currently engages as a holding company or invests in other potential business. The company's line of business includes the retail and wholesale distribution of mobile phones, gadget, IT product and related items from different mobile phone brand, IT manufacturer, telecommunication operators. It operates in four reportable segments including the Trading business, Debt collection business, Rental business and Others. It generates key revenue from the trading business segment.
63GF Score

Get the complete analysis for BKK:JMART

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿11.60
Price
฿14.17
GF Value