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Pilatus Marine PCLBKK:PLT 33 Return-on-Tangible-Asset is 3.05% as of Mar. 2026, which is 23% below its 10-year median of 3.98. GuruFocus rates BKK:PLT with a GF Score™ of 33/100 and a GF Value™ of ฿0.92 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,024 Oil & Gas companies, Pilatus Marine PCL ranks better than 59.18% 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. Pilatus Marine PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿50 Mil. Pilatus Marine PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿1,651 Mil. Therefore, Pilatus Marine PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.05%.
The historical rank and industry rank for Pilatus Marine PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:PLT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.57 Med: 3.98 Max: 7.63
Current: 3.61
During the past 5 years, Pilatus Marine PCL's highest Return-on-Tangible-Asset was 7.63%. The lowest was 3.57%. And the median was 3.98%.
BKK:PLT's Return-on-Tangible-Asset is ranked better than 59.18% of 1024
companies
in the Oil & Gas industry
Industry Median: 2.08
vs BKK:PLT: 3.61
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.
Pilatus Marine PCL Return-on-Tangible-Asset Related Terms
Pilatus Marine PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Pilatus Marine 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:PLT vs WMB, EPD, KMI: Return-on-Tangible-Asset Comparison
For the Oil & Gas Midstream subindustry, Pilatus Marine 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.
Pilatus Marine PCL Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Pilatus Marine PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pilatus Marine 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 3.05% mean?
Pilatus Marine PCL (BKK:PLT) has a Return-on-Tangible-Asset of 3.05% 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 Pilatus Marine PCL and its competitors. This is 23% below median its historical median of 3.98. Over the past decade, Pilatus Marine PCL's Return-on-Tangible-Asset has ranged from 3.57 to 7.63. According to the industry distribution chart, Pilatus Marine PCL ranks #418 out of 1024 companies in the Oil & Gas industry, placing it in the top 40.8%.
Is Pilatus Marine PCL's Return-on-Tangible-Asset too high?
Pilatus Marine PCL's current Return-on-Tangible-Asset of 3.05% is 23% below median its 10-year median of 3.98. Over the past 10 years, this metric has ranged from a low of 3.57 to a high of 7.63. The Oil & Gas industry median Return-on-Tangible-Asset is 2.08. Pilatus Marine PCL's value of 3.05% is 46.6% above this industry median. Based on the distribution chart, Pilatus Marine PCL ranks #418 out of 1024 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Pilatus Marine PCL has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pilatus Marine PCL's Return-on-Tangible-Asset compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Pilatus Marine PCL ranks #418 out of 1024 companies for Return-on-Tangible-Asset. This puts Pilatus Marine PCL in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.08. Pilatus Marine PCL's value of 3.05% is 46.6% above this benchmark. Historically, Pilatus Marine PCL's own Return-on-Tangible-Asset has ranged from 3.57 to 7.63 over the past decade. While the company's 10-year median is 3.98 vs. the industry median of 2.08, Pilatus Marine 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 an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.08, based on 1,024 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. Pilatus Marine PCL's current Return-on-Tangible-Asset of 3.05% is 46.6% 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 Pilatus Marine PCL and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pilatus Marine PCL's current Return-on-Tangible-Asset is 3.05%, which is 23% below median its own 10-year median of 3.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pilatus Marine PCL stock overvalued right now?
Based on GuruFocus' analysis, Pilatus Marine PCL (BKK:PLT) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.92, compared to a current price of ฿0.54 — trading 41.3% below its estimated fair value. The current Return-on-Tangible-Asset is 3.05%, which is 23% below median its 10-year median of 3.98 and 46.6% above the Oil & Gas industry median of 2.08. Pilatus Marine PCL's overall GF Score™ is 33/100 with 3 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 Pilatus Marine PCL (BKK:PLT), the current Return-on-Tangible-Asset is 3.05% 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 Pilatus Marine PCL (BKK:PLT) Overvalued in 2026?
Based on GuruFocus' analysis, Pilatus Marine PCL stock appears to be undervalued.
The current stock price of ฿0.54 is trading 41.3% below its estimated GF Value™ of ฿0.92.
GuruFocus considers Pilatus Marine PCL to be Possible Value Trap.
Key valuation signals for BKK:PLT:
Return-on-Tangible-Asset: 3.05% (23% below median its 10-year median of 3.98)
GF Value™: ฿0.92 vs. price of ฿0.54 (41.3% below fair value)
Industry Position: 46.6% above the Oil & Gas median (#418 of 1024)
No single metric tells the full story. See the BKK:PLT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pilatus Marine PCL is Thailand's operator of liquefied petroleum gas (LPG) carriers both marine and land transport, with decades of operating experience in LPG transport. The Company engaged business of motor and water transportation services for liquid products both in domestic and Asia Pacific region. The company has two reportable segments which are Marine petrochemical cargo transportation services which rendered in Thailand and Abroad, LPG Logistic services segment virtually in Thailand.
33GF Score
Get the complete analysis for BKK:PLT
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