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Meb PCLBKK:MEB 73 Return-on-Tangible-Asset is 22.96% as of Mar. 2026, which is 40% below its 10-year median of 38.58. GuruFocus rates BKK:MEB with a GF Score™ of 73/100 and a GF Value™ of ฿28.68 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,893 Software companies, Meb PCL ranks better than 93.05% 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. Meb PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿409 Mil. Meb PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿1,780 Mil. Therefore, Meb PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 22.96%.
The historical rank and industry rank for Meb PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:MEB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 22.97 Med: 38.58 Max: 53.81
Current: 22.97
During the past 8 years, Meb PCL's highest Return-on-Tangible-Asset was 53.81%. The lowest was 22.97%. And the median was 38.58%.
BKK:MEB's Return-on-Tangible-Asset is ranked better than 93.05% of 2893
companies
in the Software industry
Industry Median: 2.07
vs BKK:MEB: 22.97
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.
Meb PCL Return-on-Tangible-Asset Related Terms
Meb PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Meb 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:MEB vs QH, SHOP, UBER: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, Meb 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.
Meb PCL Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Meb PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Meb 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 22.96% mean?
Meb PCL (BKK:MEB) has a Return-on-Tangible-Asset of 22.96% 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 Meb PCL and its competitors. This is 40% below median its historical median of 38.58. Over the past decade, Meb PCL's Return-on-Tangible-Asset has ranged from 22.97 to 53.81. According to the industry distribution chart, Meb PCL ranks #201 out of 2893 companies in the Software industry, placing it in the top 6.9%.
Is Meb PCL's Return-on-Tangible-Asset too high?
Meb PCL's current Return-on-Tangible-Asset of 22.96% is 40% below median its 10-year median of 38.58. Over the past 10 years, this metric has ranged from a low of 22.97 to a high of 53.81. The Software industry median Return-on-Tangible-Asset is 2.07. Meb PCL's value of 22.96% is 1009.2% above this industry median. Based on the distribution chart, Meb PCL ranks #201 out of 2893 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Meb PCL has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Meb PCL's Return-on-Tangible-Asset compare to QH and SHOP?
According to the Software industry distribution chart, Meb PCL ranks #201 out of 2893 companies for Return-on-Tangible-Asset. This places Meb PCL in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.07. Meb PCL's value of 22.96% is 1009.2% above this benchmark. Historically, Meb PCL's own Return-on-Tangible-Asset has ranged from 22.97 to 53.81 over the past decade. While the company's 10-year median is 38.58 vs. the industry median of 2.07, Meb 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.07, based on 2,893 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. Meb PCL's current Return-on-Tangible-Asset of 22.96% is 1009.2% 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 Meb PCL and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meb PCL's current Return-on-Tangible-Asset is 22.96%, which is 40% below median its own 10-year median of 38.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meb PCL stock overvalued right now?
Based on GuruFocus' analysis, Meb PCL (BKK:MEB) is currently considered Possible Value Trap. The stock's GF Value™ is ฿28.68, compared to a current price of ฿12.40 — trading 56.8% below its estimated fair value. The current Return-on-Tangible-Asset is 22.96%, which is 40% below median its 10-year median of 38.58 and 1009.2% above the Software industry median of 2.07. Meb PCL's overall GF Score™ is 73/100 with 3 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 Meb PCL (BKK:MEB), the current Return-on-Tangible-Asset is 22.96% 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 Meb PCL (BKK:MEB) Overvalued in 2026?
Based on GuruFocus' analysis, Meb PCL stock appears to be undervalued.
The current stock price of ฿12.40 is trading 56.8% below its estimated GF Value™ of ฿28.68.
GuruFocus considers Meb PCL to be Possible Value Trap.
Key valuation signals for BKK:MEB:
Return-on-Tangible-Asset: 22.96% (40% below median its 10-year median of 38.58)
GF Value™: ฿28.68 vs. price of ฿12.40 (56.8% below fair value)
Industry Position: 1009.2% above the Software median (#201 of 2893)
No single metric tells the full story. See the BKK:MEB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meb Corp PCL is engaged in the distribution and servicing of e-books, as well as providing consultation on the development of e-book systems. The company also distributes electronic reader devices, conducts computer system inspections, offers consulting and advice on IT-related issues, and provides knowledge on information technology security. The company operates in a single segment: electronic literature services, and is managed and operates in Thailand.
73GF Score
Get the complete analysis for BKK:MEB
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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