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Pinthong Industrial ParkBKK:PIN 87 Return-on-Tangible-Asset is 11.42% as of Mar. 2026, which is 96% above its 10-year median of 5.84. GuruFocus rates BKK:PIN with a GF Score™ of 87/100 and a GF Value™ of ฿3.59 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,800 Real Estate companies, Pinthong Industrial Park ranks better than 89.28% 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. Pinthong Industrial Park's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿969 Mil. Pinthong Industrial Park's average total tangible assets for the quarter that ended in Mar. 2026 was ฿8,484 Mil. Therefore, Pinthong Industrial Park's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.42%.
The historical rank and industry rank for Pinthong Industrial Park's Return-on-Tangible-Asset or its related term are showing as below:
BKK:PIN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.93 Med: 5.84 Max: 23.15
Current: 8.06
During the past 8 years, Pinthong Industrial Park's highest Return-on-Tangible-Asset was 23.15%. The lowest was 2.93%. And the median was 5.84%.
BKK:PIN's Return-on-Tangible-Asset is ranked better than 89.28% of 1800
companies
in the Real Estate industry
Industry Median: 1.735
vs BKK:PIN: 8.06
Pinthong Industrial Park (BKK:PIN) 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.
Pinthong Industrial Park Return-on-Tangible-Asset Related Terms
Pinthong Industrial Park Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Pinthong Industrial Park'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.
Pinthong Industrial Park Return-on-Tangible-Asset Chart
Pinthong Industrial Park Return-on-Tangible-Asset Competitor Comparison
For the Real Estate - Development subindustry, Pinthong Industrial Park'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.
Pinthong Industrial Park Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Pinthong Industrial Park's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pinthong Industrial Park'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 11.42% mean?
Pinthong Industrial Park (BKK:PIN) has a Return-on-Tangible-Asset of 11.42% 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 Pinthong Industrial Park and its competitors. This is 96% above median its historical median of 5.84. Over the past decade, Pinthong Industrial Park's Return-on-Tangible-Asset has ranged from 2.93 to 23.15. According to the industry distribution chart, Pinthong Industrial Park ranks #193 out of 1800 companies in the Real Estate industry, placing it in the top 10.7%.
Is Pinthong Industrial Park's Return-on-Tangible-Asset too high?
Pinthong Industrial Park's current Return-on-Tangible-Asset of 11.42% is 96% above median its 10-year median of 5.84. Over the past 10 years, this metric has ranged from a low of 2.93 to a high of 23.15. The Real Estate industry median Return-on-Tangible-Asset is 1.74. Pinthong Industrial Park's value of 11.42% is 558.2% above this industry median. Based on the distribution chart, Pinthong Industrial Park ranks #193 out of 1800 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Pinthong Industrial Park has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pinthong Industrial Park's Return-on-Tangible-Asset compare to competitors?
According to the Real Estate industry distribution chart, Pinthong Industrial Park ranks #193 out of 1800 companies for Return-on-Tangible-Asset. This places Pinthong Industrial Park in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.74. Pinthong Industrial Park's value of 11.42% is 558.2% above this benchmark. Historically, Pinthong Industrial Park's own Return-on-Tangible-Asset has ranged from 2.93 to 23.15 over the past decade. While the company's 10-year median is 5.84 vs. the industry median of 1.74, Pinthong Industrial Park 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.74, based on 1,800 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. Pinthong Industrial Park's current Return-on-Tangible-Asset of 11.42% is 558.2% 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 Pinthong Industrial Park and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pinthong Industrial Park's current Return-on-Tangible-Asset is 11.42%, which is 96% above median its own 10-year median of 5.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pinthong Industrial Park stock overvalued right now?
Based on GuruFocus' analysis, Pinthong Industrial Park (BKK:PIN) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿3.59, compared to a current price of ฿4.60 — trading 28.1% above its estimated fair value. The current Return-on-Tangible-Asset is 11.42%, which is 96% above median its 10-year median of 5.84 and 558.2% above the Real Estate industry median of 1.74. Pinthong Industrial Park's overall GF Score™ is 87/100 with 8 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 Pinthong Industrial Park (BKK:PIN), the current Return-on-Tangible-Asset is 11.42% 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 Pinthong Industrial Park (BKK:PIN) Overvalued in 2026?
Based on GuruFocus' analysis, Pinthong Industrial Park stock appears to be overvalued.
The current stock price of ฿4.60 is trading 28.1% above its estimated GF Value™ of ฿3.59.
GuruFocus considers Pinthong Industrial Park to be Modestly Overvalued.
Key valuation signals for BKK:PIN:
Return-on-Tangible-Asset: 11.42% (96% above median its 10-year median of 5.84)
GF Value™: ฿3.59 vs. price of ฿4.60 (28.1% above fair value)
Industry Position: 558.2% above the Real Estate median (#193 of 1800)
No single metric tells the full story. See the BKK:PIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pinthong Industrial Park PLC is engaged in the development of real estate projects, industrial estate and buildings for rent. Its operations are carried out only in Thailand. The company generates the majority of its revenue from the Real Estate sales.
87GF Score
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