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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. Modernform Group PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿-68 Mil. Modernform Group PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿3,090 Mil. Therefore, Modernform Group PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -2.22%.
The historical rank and industry rank for Modernform Group PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:MODERN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.16 Med: 3.5 Max: 5.73
Current: 2.57
During the past 13 years, Modernform Group PCL's highest Return-on-Tangible-Asset was 5.73%. The lowest was 1.16%. And the median was 3.50%.
BKK:MODERN's Return-on-Tangible-Asset is ranked better than 51.61% of 434
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 2.365
vs BKK:MODERN: 2.57
Modernform Group PCL (BKK:MODERN) 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.
Modernform Group PCL Return-on-Tangible-Asset Related Terms
Modernform Group PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Modernform Group 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.
Modernform Group PCL Return-on-Tangible-Asset Chart
BKK:MODERN vs SN, SGI, MHK: Return-on-Tangible-Asset Comparison
For the Furnishings, Fixtures & Appliances subindustry, Modernform Group 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.
Modernform Group PCL Return-on-Tangible-Asset vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Modernform Group PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Modernform Group 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 -2.22% mean?
Modernform Group PCL (BKK:MODERN) has a Return-on-Tangible-Asset of -2.22% 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 Modernform Group PCL and its competitors. Over the past decade, Modernform Group PCL's Return-on-Tangible-Asset has ranged from 1.16 to 5.73. According to the industry distribution chart, Modernform Group PCL ranks #210 out of 434 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 48.4%.
Is Modernform Group PCL's Return-on-Tangible-Asset too high?
Modernform Group PCL's current Return-on-Tangible-Asset is -2.22%. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 5.73. Based on the distribution chart, Modernform Group PCL ranks #210 out of 434 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Modernform Group PCL has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Modernform Group PCL's Return-on-Tangible-Asset compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Modernform Group PCL ranks #210 out of 434 companies for Return-on-Tangible-Asset. This puts Modernform Group PCL in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.37. Historically, Modernform Group PCL's own Return-on-Tangible-Asset has ranged from 1.16 to 5.73 over the past decade. 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 Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Asset among Furnishings, Fixtures & Appliances companies is 2.37, based on 434 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 Modernform Group PCL and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Asset is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modernform Group PCL's current Return-on-Tangible-Asset is -2.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modernform Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Modernform Group PCL (BKK:MODERN) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.06, compared to a current price of ฿2.02 — trading 1.9% below its estimated fair value. The current Return-on-Tangible-Asset is -2.22%. Modernform Group PCL's overall GF Score™ is 58/100 with 6 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 Modernform Group PCL (BKK:MODERN), the current Return-on-Tangible-Asset is -2.22% 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 Modernform Group PCL (BKK:MODERN) Overvalued in 2026?
Based on GuruFocus' analysis, Modernform Group PCL stock appears to be undervalued.
The current stock price of ฿2.02 is trading 1.9% below its estimated GF Value™ of ฿2.06.
GuruFocus considers Modernform Group PCL to be Fairly Valued.
Key valuation signals for BKK:MODERN:
Return-on-Tangible-Asset: -2.22%
GF Value™: ฿2.06 vs. price of ฿2.02 (1.9% below fair value)
No single metric tells the full story. See the BKK:MODERN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Modernform Group PCL is involved in the manufacturing and distribution of home and office furniture. The business of the group is operated through four reportable segments: furniture business, furniture fitting and other materials business, rental and service business, and architectural design and construction business. A majority of its revenue is generated from the furniture business, which consists of office furniture products, residential furniture products, kitchen furniture products; bathroom furniture products, and others. All the operations functioned throughout the region of Thailand.
58GF Score
Get the complete analysis for BKK:MODERN
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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