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K.W. Metal Work PCLBKK:KWM -1.10%54 Return-on-Tangible-Asset is 2.85% as of Mar. 2026, which is 59% below its 10-year median of 6.89. GuruFocus rates BKK:KWM with a GF Score™ of 54/100 and a GF Value™ of ฿0.86 (Fairly Valued). The stock has 10 warning signs investors should review. Among 212 Farm & Heavy Construction Machinery companies, K.W. Metal Work PCL ranks worse than 51.42% 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. K.W. Metal Work PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿18.2 Mil. K.W. Metal Work PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿638.1 Mil. Therefore, K.W. Metal Work PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.85%.
The historical rank and industry rank for K.W. Metal Work PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:KWM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.64 Med: 6.89 Max: 13.81
Current: 3.83
During the past 11 years, K.W. Metal Work PCL's highest Return-on-Tangible-Asset was 13.81%. The lowest was 3.64%. And the median was 6.89%.
BKK:KWM's Return-on-Tangible-Asset is ranked worse than 51.42% of 212
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 3.925
vs BKK:KWM: 3.83
K.W. Metal Work PCL (BKK:KWM) 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.
K.W. Metal Work PCL Return-on-Tangible-Asset Related Terms
K.W. Metal Work PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for K.W. Metal Work 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.
K.W. Metal Work PCL Return-on-Tangible-Asset Chart
BKK:KWM vs CAT, DE, PCAR: Return-on-Tangible-Asset Comparison
For the Farm & Heavy Construction Machinery subindustry, K.W. Metal Work 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.
K.W. Metal Work PCL Return-on-Tangible-Asset vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, K.W. Metal Work PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where K.W. Metal Work 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 2.85% mean?
K.W. Metal Work PCL (BKK:KWM) has a Return-on-Tangible-Asset of 2.85% 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 K.W. Metal Work PCL and its competitors. This is 59% below median its historical median of 6.89. Over the past decade, K.W. Metal Work PCL's Return-on-Tangible-Asset has ranged from 3.64 to 13.81. According to the industry distribution chart, K.W. Metal Work PCL ranks #109 out of 212 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 51.4%.
Is K.W. Metal Work PCL's Return-on-Tangible-Asset too high?
K.W. Metal Work PCL's current Return-on-Tangible-Asset of 2.85% is 59% below median its 10-year median of 6.89. Over the past 10 years, this metric has ranged from a low of 3.64 to a high of 13.81. The Farm & Heavy Construction Machinery industry median Return-on-Tangible-Asset is 3.93. K.W. Metal Work PCL's value of 2.85% is 27.4% below this industry median. Based on the distribution chart, K.W. Metal Work PCL ranks #109 out of 212 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, K.W. Metal Work PCL has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does K.W. Metal Work PCL's Return-on-Tangible-Asset compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, K.W. Metal Work PCL ranks #109 out of 212 companies for Return-on-Tangible-Asset. This places K.W. Metal Work PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.93. K.W. Metal Work PCL's value of 2.85% is 27.4% below this benchmark. Historically, K.W. Metal Work PCL's own Return-on-Tangible-Asset has ranged from 3.64 to 13.81 over the past decade. While the company's 10-year median is 6.89 vs. the industry median of 3.93, K.W. Metal Work 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 Farm & Heavy Construction Machinery company?
The median Return-on-Tangible-Asset among Farm & Heavy Construction Machinery companies is 3.93, based on 212 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. K.W. Metal Work PCL's current Return-on-Tangible-Asset of 2.85% is 27.4% 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 K.W. Metal Work PCL and its competitors. For the Farm & Heavy Construction Machinery industry, the median Return-on-Tangible-Asset is 3.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. K.W. Metal Work PCL's current Return-on-Tangible-Asset is 2.85%, which is 59% below median its own 10-year median of 6.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is K.W. Metal Work PCL stock overvalued right now?
Based on GuruFocus' analysis, K.W. Metal Work PCL (BKK:KWM) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.86, compared to a current price of ฿0.90 — trading 4.7% above its estimated fair value. The current Return-on-Tangible-Asset is 2.85%, which is 59% below median its 10-year median of 6.89 and 27.4% below the Farm & Heavy Construction Machinery industry median of 3.93. K.W. Metal Work PCL's overall GF Score™ is 54/100 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 K.W. Metal Work PCL (BKK:KWM), the current Return-on-Tangible-Asset is 2.85% 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 K.W. Metal Work PCL (BKK:KWM) Overvalued in 2026?
Based on GuruFocus' analysis, K.W. Metal Work PCL stock appears to be overvalued.
The current stock price of ฿0.90 is trading 4.7% above its estimated GF Value™ of ฿0.86.
GuruFocus considers K.W. Metal Work PCL to be Fairly Valued.
Key valuation signals for BKK:KWM:
Return-on-Tangible-Asset: 2.85% (59% below median its 10-year median of 6.89)
GF Value™: ฿0.86 vs. price of ฿0.90 (4.7% above fair value)
Industry Position: 27.4% below the Farm & Heavy Construction Machinery median (#109 of 212)
No single metric tells the full story. See the BKK:KWM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
K.W. Metal Work PCL is engaged in the manufacturing and sales of parts and accessories for farm machinery. It manufactures and distributes agricultural equipment such as Blade, Screw Flight, Rotary Blade, Dozer blades, and others. It has two operating segments; Sales of parts and accessories for farm machinery, Letting of equipment for extraction of a substance from Hemp and Marijuana; and Sales of substances extracted and raw materials processed from agricultural plants, and sales of products from herbal. Key revenue is earned from the sales of parts and accessories for farm machinery.
54GF Score
Get the complete analysis for BKK:KWM
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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