KCE Electronics PCLBKK:KCE-R 73 Return-on-Tangible-Asset is 5.65% as of Mar. 2026, which is 44% below its 10-year median of 10.04. GuruFocus rates BKK:KCE-R with a GF Score™ of 73/100 and a GF Value™ of ฿17.61. The stock has 10 warning signs investors should review. Among 2,498 Hardware companies, KCE Electronics PCL ranks better than 65.85% 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. KCE Electronics PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿937 Mil. KCE Electronics PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿16,576 Mil. Therefore, KCE Electronics PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.65%.
The historical rank and industry rank for KCE Electronics PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:KCE-R'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.91 Med: 10.04 Max: 18.28
Current: 4.96
During the past 13 years, KCE Electronics PCL's highest Return-on-Tangible-Asset was 18.28%. The lowest was 4.91%. And the median was 10.04%.
BKK:KCE-R's Return-on-Tangible-Asset is ranked better than 65.85% of 2498
companies
in the Hardware industry
Industry Median: 2.425
vs BKK:KCE-R: 4.96
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.
KCE Electronics PCL Return-on-Tangible-Asset Related Terms
KCE Electronics PCL Return-on-Tangible-Asset Historical Data
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The historical data trend for KCE Electronics 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:KCE-R vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, KCE Electronics 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.
KCE Electronics PCL Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, KCE Electronics PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where KCE Electronics 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 5.65% mean?
KCE Electronics PCL (BKK:KCE-R) has a Return-on-Tangible-Asset of 5.65% 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 KCE Electronics PCL and its competitors. This is 44% below median its historical median of 10.04. Over the past decade, KCE Electronics PCL's Return-on-Tangible-Asset has ranged from 4.91 to 18.28. According to the industry distribution chart, KCE Electronics PCL ranks #853 out of 2498 companies in the Hardware industry, placing it in the top 34.1%.
Is KCE Electronics PCL's Return-on-Tangible-Asset too high?
KCE Electronics PCL's current Return-on-Tangible-Asset of 5.65% is 44% below median its 10-year median of 10.04. Over the past 10 years, this metric has ranged from a low of 4.91 to a high of 18.28. The Hardware industry median Return-on-Tangible-Asset is 2.43. KCE Electronics PCL's value of 5.65% is 133% above this industry median. Based on the distribution chart, KCE Electronics PCL ranks #853 out of 2498 companies in the Hardware industry, which is above the industry midpoint. Overall, KCE Electronics PCL has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does KCE Electronics PCL's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, KCE Electronics PCL ranks #853 out of 2498 companies for Return-on-Tangible-Asset. This puts KCE Electronics PCL in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.43. KCE Electronics PCL's value of 5.65% is 133% above this benchmark. Historically, KCE Electronics PCL's own Return-on-Tangible-Asset has ranged from 4.91 to 18.28 over the past decade. While the company's 10-year median is 10.04 vs. the industry median of 2.43, KCE Electronics 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.43, based on 2,498 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. KCE Electronics PCL's current Return-on-Tangible-Asset of 5.65% is 133% 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 KCE Electronics PCL and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KCE Electronics PCL's current Return-on-Tangible-Asset is 5.65%, which is 44% below median its own 10-year median of 10.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KCE Electronics PCL stock overvalued right now?
KCE Electronics PCL (BKK:KCE-R) has a current Return-on-Tangible-Asset of 5.65%. The stock's GF Value™ is ฿17.61, compared to a current price of ฿24.00 — trading 36.3% above its estimated fair value. The current Return-on-Tangible-Asset is 5.65%, which is 44% below median its 10-year median of 10.04 and 133% above the Hardware industry median of 2.43. KCE Electronics PCL's overall GF Score™ is 73/100 with 10 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 KCE Electronics PCL (BKK:KCE-R), the current Return-on-Tangible-Asset is 5.65% 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 KCE Electronics PCL (BKK:KCE-R) Overvalued in 2026?
Based on GuruFocus' analysis, KCE Electronics PCL stock appears to be overvalued.
The current stock price of ฿24.00 is trading 36.3% above its estimated GF Value™ of ฿17.61.
Key valuation signals for BKK:KCE-R:
Return-on-Tangible-Asset: 5.65% (44% below median its 10-year median of 10.04)
GF Value™: ฿17.61 vs. price of ฿24.00 (36.3% above fair value)
Industry Position: 133% above the Hardware median (#853 of 2498)
No single metric tells the full story. See the BKK:KCE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KCE Electronics PCL and its subsidiaries manufacture and distribute printed circuit boards. The company is based in Thailand but earns the majority of its revenue internationally. It has three segments: Manufacturing and distributing of Prepreg and Laminate; Manufacturing and distributing of Printed Circuit Board; and Manufacturing and distributing of Chemical. The company manufactures printed circuit boards that are used in a variety of industries, including automotive, computer, industrial, and telecommunications systems. The company also manufactures and distributes chemicals and laminate products. The majority of its revenue is earned in Europe.
73GF Score
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