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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. Lighting & Equipment PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿-84 Mil. Lighting & Equipment PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿2,848 Mil. Therefore, Lighting & Equipment PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -2.96%.
The historical rank and industry rank for Lighting & Equipment PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:L&E'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.73 Med: 1.36 Max: 3.96
Current: -0.18
During the past 13 years, Lighting & Equipment PCL's highest Return-on-Tangible-Asset was 3.96%. The lowest was -0.73%. And the median was 1.36%.
BKK:L&E's Return-on-Tangible-Asset is ranked worse than 73.71% of 3077
companies
in the Industrial Products industry
Industry Median: 3.26
vs BKK:L&E: -0.18
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.
Lighting & Equipment PCL Return-on-Tangible-Asset Related Terms
Lighting & Equipment PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Lighting & Equipment 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:L&E vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Lighting & Equipment 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.
Lighting & Equipment PCL Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Lighting & Equipment PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Lighting & Equipment 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 -2.96% mean?
Lighting & Equipment PCL (BKK:L&E) has a Return-on-Tangible-Asset of -2.96% 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 Lighting & Equipment PCL and its competitors. According to the industry distribution chart, Lighting & Equipment PCL ranks #2268 out of 3077 companies in the Industrial Products industry, placing it in the top 73.7%.
Is Lighting & Equipment PCL's Return-on-Tangible-Asset too high?
Lighting & Equipment PCL's current Return-on-Tangible-Asset is -2.96%. Based on the distribution chart, Lighting & Equipment PCL ranks #2268 out of 3077 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Lighting & Equipment PCL has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lighting & Equipment PCL's Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Lighting & Equipment PCL ranks #2268 out of 3077 companies for Return-on-Tangible-Asset. This places Lighting & Equipment PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.26. 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,077 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. 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 Lighting & Equipment PCL and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lighting & Equipment PCL's current Return-on-Tangible-Asset is -2.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lighting & Equipment PCL stock overvalued right now?
Based on GuruFocus' analysis, Lighting & Equipment PCL (BKK:L&E) is currently considered Fairly Valued. The stock's GF Value™ is ฿1.13, compared to a current price of ฿1.15 — trading 1.8% above its estimated fair value. The current Return-on-Tangible-Asset is -2.96%. Lighting & Equipment PCL's overall GF Score™ is 62/100 with 9 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 Lighting & Equipment PCL (BKK:L&E), the current Return-on-Tangible-Asset is -2.96% 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 Lighting & Equipment PCL (BKK:L&E) Overvalued in 2026?
Based on GuruFocus' analysis, Lighting & Equipment PCL stock appears to be overvalued.
The current stock price of ฿1.15 is trading 1.8% above its estimated GF Value™ of ฿1.13.
GuruFocus considers Lighting & Equipment PCL to be Fairly Valued.
Key valuation signals for BKK:L&E:
Return-on-Tangible-Asset: -2.96%
GF Value™: ฿1.13 vs. price of ฿1.15 (1.8% above fair value)
No single metric tells the full story. See the BKK:L&E stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lighting & Equipment PCL is engaged in trading lighting fixtures, lamps, electrical equipment, and installation service and design of electric and lighting systems. Its other products include cable turning systems, light-emitting diodes (LEDs), light boxes, lighting control equipment, lighting poles, luminaries, optical fiber lighting, and others. These products are sold through two main channels, project and retail. The company operates in a single line of business, namely the lighting business in Thailand.
62GF Score
Get the complete analysis for BKK:L&E
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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