Maybank Securities (Thailand) PCLBKK:MST-R 58 Return-on-Tangible-Asset is 4.18% as of Mar. 2026, which is 74% above its 10-year median of 2.40. GuruFocus rates BKK:MST-R with a GF Score™ of 58/100 and a GF Value™ of ฿6.33. The stock has 7 warning signs investors should review. Among 816 Capital Markets companies, Maybank Securities (Thailand) PCL ranks better than 51.96% on this metric.
The historical rank and industry rank for Maybank Securities (Thailand) PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:MST-R'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.29 Med: 2.4 Max: 5.62
Current: 1.61
During the past 13 years, Maybank Securities (Thailand) PCL's highest Return-on-Tangible-Asset was 5.62%. The lowest was 1.29%. And the median was 2.40%.
BKK:MST-R's Return-on-Tangible-Asset is ranked better than 51.96% of 816
companies
in the Capital Markets industry
Industry Median: 1.505
vs BKK:MST-R: 1.61
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.
Maybank Securities (Thailand) PCL Return-on-Tangible-Asset Related Terms
Maybank Securities (Thailand) 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.
BKK:MST-R vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Maybank Securities (Thailand) 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.
Maybank Securities (Thailand) PCL Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Maybank Securities (Thailand) PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Maybank Securities (Thailand) 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 4.18% mean?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a Return-on-Tangible-Asset of 4.18% 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 Maybank Securities (Thailand) PCL and its competitors. This is 74% above median its historical median of 2.40. Over the past decade, Maybank Securities (Thailand) PCL's Return-on-Tangible-Asset has ranged from 1.29 to 5.62. According to the industry distribution chart, Maybank Securities (Thailand) PCL ranks #392 out of 816 companies in the Capital Markets industry, placing it in the top 48%.
Is Maybank Securities (Thailand) PCL's Return-on-Tangible-Asset too high?
Maybank Securities (Thailand) PCL's current Return-on-Tangible-Asset of 4.18% is 74% above median its 10-year median of 2.40. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 5.62. The Capital Markets industry median Return-on-Tangible-Asset is 1.51. Maybank Securities (Thailand) PCL's value of 4.18% is 177.7% above this industry median. Based on the distribution chart, Maybank Securities (Thailand) PCL ranks #392 out of 816 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Maybank Securities (Thailand) PCL has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Maybank Securities (Thailand) PCL's Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Maybank Securities (Thailand) PCL ranks #392 out of 816 companies for Return-on-Tangible-Asset. This puts Maybank Securities (Thailand) PCL in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.51. Maybank Securities (Thailand) PCL's value of 4.18% is 177.7% above this benchmark. Historically, Maybank Securities (Thailand) PCL's own Return-on-Tangible-Asset has ranged from 1.29 to 5.62 over the past decade. While the company's 10-year median is 2.40 vs. the industry median of 1.51, Maybank Securities (Thailand) 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.51, based on 816 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. Maybank Securities (Thailand) PCL's current Return-on-Tangible-Asset of 4.18% is 177.7% 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 Maybank Securities (Thailand) PCL and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maybank Securities (Thailand) PCL's current Return-on-Tangible-Asset is 4.18%, which is 74% above median its own 10-year median of 2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maybank Securities (Thailand) PCL stock overvalued right now?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a current Return-on-Tangible-Asset of 4.18%. The stock's GF Value™ is ฿6.33, compared to a current price of ฿6.85 — trading 8.2% above its estimated fair value. The current Return-on-Tangible-Asset is 4.18%, which is 74% above median its 10-year median of 2.40 and 177.7% above the Capital Markets industry median of 1.51. Maybank Securities (Thailand) PCL's overall GF Score™ is 58/100 with 7 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 Maybank Securities (Thailand) PCL (BKK:MST-R), the current Return-on-Tangible-Asset is 4.18% 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 Maybank Securities (Thailand) PCL (BKK:MST-R) Overvalued in 2026?
Based on GuruFocus' analysis, Maybank Securities (Thailand) PCL stock appears to be overvalued.
The current stock price of ฿6.85 is trading 8.2% above its estimated GF Value™ of ฿6.33.
Key valuation signals for BKK:MST-R:
Return-on-Tangible-Asset: 4.18% (74% above median its 10-year median of 2.40)
GF Value™: ฿6.33 vs. price of ฿6.85 (8.2% above fair value)
Industry Position: 177.7% above the Capital Markets median (#392 of 816)
No single metric tells the full story. See the BKK:MST-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maybank Securities (Thailand) PCL Business Description
Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which also generates key revenue, provides services like securities brokering, derivative brokering, securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing and lending, and corporate finance advisory services.
58GF Score
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