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Millennium Group (ASIA) PCLBKK:MGC +3.92%62 Return-on-Tangible-Asset is 7.06% as of Mar. 2026, which is 202% above its 10-year median of 2.34. GuruFocus rates BKK:MGC with a GF Score™ of 62/100 and a GF Value™ of ฿5.10 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,331 Vehicles & Parts companies, Millennium Group (ASIA) PCL ranks better than 86.33% 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. Millennium Group (ASIA) PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿1,295 Mil. Millennium Group (ASIA) PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿18,347 Mil. Therefore, Millennium Group (ASIA) PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.06%.
The historical rank and industry rank for Millennium Group (ASIA) PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:MGC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.96 Med: 2.34 Max: 9.39
Current: 9.39
During the past 7 years, Millennium Group (ASIA) PCL's highest Return-on-Tangible-Asset was 9.39%. The lowest was 0.96%. And the median was 2.34%.
BKK:MGC's Return-on-Tangible-Asset is ranked better than 86.33% of 1331
companies
in the Vehicles & Parts industry
Industry Median: 3.19
vs BKK:MGC: 9.39
Millennium Group (ASIA) PCL (BKK:MGC) 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.
Millennium Group (ASIA) PCL Return-on-Tangible-Asset Related Terms
Millennium Group (ASIA) PCL Return-on-Tangible-Asset Historical Data
* 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.
Millennium Group (ASIA) PCL Return-on-Tangible-Asset Chart
BKK:MGC vs CVNA, PAG, KMX: Return-on-Tangible-Asset Comparison
For the Auto & Truck Dealerships subindustry, Millennium Group (ASIA) 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.
Millennium Group (ASIA) PCL Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Millennium Group (ASIA) PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Millennium Group (ASIA) 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 7.06% mean?
Millennium Group (ASIA) PCL (BKK:MGC) has a Return-on-Tangible-Asset of 7.06% 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 Millennium Group (ASIA) PCL and its competitors. This is 202% above median its historical median of 2.34. Over the past decade, Millennium Group (ASIA) PCL's Return-on-Tangible-Asset has ranged from 0.96 to 9.39. According to the industry distribution chart, Millennium Group (ASIA) PCL ranks #182 out of 1331 companies in the Vehicles & Parts industry, placing it in the top 13.7%.
Is Millennium Group (ASIA) PCL's Return-on-Tangible-Asset too high?
Millennium Group (ASIA) PCL's current Return-on-Tangible-Asset of 7.06% is 202% above median its 10-year median of 2.34. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 9.39. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.19. Millennium Group (ASIA) PCL's value of 7.06% is 121.3% above this industry median. Based on the distribution chart, Millennium Group (ASIA) PCL ranks #182 out of 1331 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Millennium Group (ASIA) PCL has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millennium Group (ASIA) PCL's Return-on-Tangible-Asset compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Millennium Group (ASIA) PCL ranks #182 out of 1331 companies for Return-on-Tangible-Asset. This places Millennium Group (ASIA) PCL in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.19. Millennium Group (ASIA) PCL's value of 7.06% is 121.3% above this benchmark. Historically, Millennium Group (ASIA) PCL's own Return-on-Tangible-Asset has ranged from 0.96 to 9.39 over the past decade. While the company's 10-year median is 2.34 vs. the industry median of 3.19, Millennium Group (ASIA) 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.19, based on 1,331 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. Millennium Group (ASIA) PCL's current Return-on-Tangible-Asset of 7.06% is 121.3% 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 Millennium Group (ASIA) PCL and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millennium Group (ASIA) PCL's current Return-on-Tangible-Asset is 7.06%, which is 202% above median its own 10-year median of 2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millennium Group (ASIA) PCL stock overvalued right now?
Based on GuruFocus' analysis, Millennium Group (ASIA) PCL (BKK:MGC) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿5.10, compared to a current price of ฿10.60 — trading 107.8% above its estimated fair value. The current Return-on-Tangible-Asset is 7.06%, which is 202% above median its 10-year median of 2.34 and 121.3% above the Vehicles & Parts industry median of 3.19. Millennium Group (ASIA) PCL's overall GF Score™ is 62/100 with 5 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 Millennium Group (ASIA) PCL (BKK:MGC), the current Return-on-Tangible-Asset is 7.06% 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 Millennium Group (ASIA) PCL (BKK:MGC) Overvalued in 2026?
Based on GuruFocus' analysis, Millennium Group (ASIA) PCL stock appears to be overvalued.
The current stock price of ฿10.60 is trading 107.8% above its estimated GF Value™ of ฿5.10.
GuruFocus considers Millennium Group (ASIA) PCL to be Significantly Overvalued.
Key valuation signals for BKK:MGC:
Return-on-Tangible-Asset: 7.06% (202% above median its 10-year median of 2.34)
GF Value™: ฿5.10 vs. price of ฿10.60 (107.8% above fair value)
Industry Position: 121.3% above the Vehicles & Parts median (#182 of 1331)
No single metric tells the full story. See the BKK:MGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Millennium Group Corp (ASIA) PCL is engaged in providing management consulting services and activities aimed at maximising benefits. Its principal business includes the sale of automobiles, yachts, and spare parts, car maintenance and other services, car rental and chauffeur services, telephone systems, computer programs, human resource development, training services, marketing management services, insurance brokerage, vehicle leasing, and customer acquisition for private jet charter services rental. Its reportable segments include the sale of automobiles, accessories, decorations, and related apparel, after-sales services, automotive parts and maintenance services for independent cars, car and driver rental services, and other businesses. The Group operates principally in Thailand.
62GF Score
Get the complete analysis for BKK:MGC
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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