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N.D. Rubber PCLBKK:NDR 64 Return-on-Tangible-Asset is 4.03% as of Mar. 2026, which is 93% above its 10-year median of 2.09. GuruFocus rates BKK:NDR with a GF Score™ of 64/100 and a GF Value™ of ฿1.31 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,330 Vehicles & Parts companies, N.D. Rubber PCL ranks worse than 55.64% 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. N.D. Rubber PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿47.6 Mil. N.D. Rubber PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿1,181.5 Mil. Therefore, N.D. Rubber PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.03%.
The historical rank and industry rank for N.D. Rubber PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:NDR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.72 Med: 2.09 Max: 7.96
Current: 2.5
During the past 12 years, N.D. Rubber PCL's highest Return-on-Tangible-Asset was 7.96%. The lowest was -6.72%. And the median was 2.09%.
BKK:NDR's Return-on-Tangible-Asset is ranked worse than 55.64% of 1330
companies
in the Vehicles & Parts industry
Industry Median: 3.26
vs BKK:NDR: 2.50
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.
N.D. Rubber PCL Return-on-Tangible-Asset Related Terms
N.D. Rubber PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for N.D. Rubber 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:NDR vs ORLY, AZO: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, N.D. Rubber 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.
N.D. Rubber PCL Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, N.D. Rubber PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where N.D. Rubber 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 4.03% mean?
N.D. Rubber PCL (BKK:NDR) has a Return-on-Tangible-Asset of 4.03% 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 N.D. Rubber PCL and its competitors. This is 93% above median its historical median of 2.09. According to the industry distribution chart, N.D. Rubber PCL ranks #740 out of 1330 companies in the Vehicles & Parts industry, placing it in the top 55.6%.
Is N.D. Rubber PCL's Return-on-Tangible-Asset too high?
N.D. Rubber PCL's current Return-on-Tangible-Asset of 4.03% is 93% above median its 10-year median of 2.09. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.26. N.D. Rubber PCL's value of 4.03% is 23.6% above this industry median. Based on the distribution chart, N.D. Rubber PCL ranks #740 out of 1330 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, N.D. Rubber PCL has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does N.D. Rubber PCL's Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, N.D. Rubber PCL ranks #740 out of 1330 companies for Return-on-Tangible-Asset. This places N.D. Rubber PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.26. N.D. Rubber PCL's value of 4.03% is 23.6% above this benchmark. While the company's 10-year median is 2.09 vs. the industry median of 3.26, N.D. Rubber 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 3.26, based on 1,330 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. N.D. Rubber PCL's current Return-on-Tangible-Asset of 4.03% is 23.6% 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 N.D. Rubber PCL and its competitors. For the Vehicles & Parts 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. N.D. Rubber PCL's current Return-on-Tangible-Asset is 4.03%, which is 93% above median its own 10-year median of 2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is N.D. Rubber PCL stock overvalued right now?
Based on GuruFocus' analysis, N.D. Rubber PCL (BKK:NDR) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿1.31, compared to a current price of ฿1.74 — trading 32.8% above its estimated fair value. The current Return-on-Tangible-Asset is 4.03%, which is 93% above median its 10-year median of 2.09 and 23.6% above the Vehicles & Parts industry median of 3.26. N.D. Rubber PCL's overall GF Score™ is 64/100 with 4 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 N.D. Rubber PCL (BKK:NDR), the current Return-on-Tangible-Asset is 4.03% 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 N.D. Rubber PCL (BKK:NDR) Overvalued in 2026?
Based on GuruFocus' analysis, N.D. Rubber PCL stock appears to be overvalued.
The current stock price of ฿1.74 is trading 32.8% above its estimated GF Value™ of ฿1.31.
GuruFocus considers N.D. Rubber PCL to be Significantly Overvalued.
Key valuation signals for BKK:NDR:
Return-on-Tangible-Asset: 4.03% (93% above median its 10-year median of 2.09)
GF Value™: ฿1.31 vs. price of ฿1.74 (32.8% above fair value)
Industry Position: 23.6% above the Vehicles & Parts median (#740 of 1330)
No single metric tells the full story. See the BKK:NDR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
N.D. Rubber PCL is engaged in the manufacturing and distribution of tyres, tubes, and batteries for motorcycles and automobiles. It offers Tyres and Tubes for motorcycles, Bicycle batteries, Rubber parts, Shoes, Lube oil, and synthetic, producing and distributing electricity from the solar energy. The company derives revenue from the sales made in Thailand and the overseas market. It generates a majority of revenue from the sales of Tyres.
64GF Score
Get the complete analysis for BKK:NDR
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