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Polynet PCLBKK:POLY +0.72%90 Return-on-Tangible-Asset is 18.37% as of Mar. 2026, which is 59% above its 10-year median of 11.58. GuruFocus rates BKK:POLY with a GF Score™ of 90/100 and a GF Value™ of ฿8.92 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 3,077 Industrial Products companies, Polynet PCL ranks better than 95.42% 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. Polynet PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿288 Mil. Polynet PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿1,565 Mil. Therefore, Polynet PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 18.37%.
The historical rank and industry rank for Polynet PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:POLY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.32 Med: 11.58 Max: 17.73
Current: 16.99
During the past 6 years, Polynet PCL's highest Return-on-Tangible-Asset was 17.73%. The lowest was 2.32%. And the median was 11.58%.
BKK:POLY's Return-on-Tangible-Asset is ranked better than 95.42% of 3077
companies
in the Industrial Products industry
Industry Median: 3.26
vs BKK:POLY: 16.99
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.
Polynet PCL Return-on-Tangible-Asset Related Terms
Polynet PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Polynet 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:POLY vs CRS, ATI, MLI: Return-on-Tangible-Asset Comparison
For the Metal Fabrication subindustry, Polynet 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.
Polynet PCL Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Polynet PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Polynet 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 18.37% mean?
Polynet PCL (BKK:POLY) has a Return-on-Tangible-Asset of 18.37% 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 Polynet PCL and its competitors. This is 59% above median its historical median of 11.58. Over the past decade, Polynet PCL's Return-on-Tangible-Asset has ranged from 2.32 to 17.73. According to the industry distribution chart, Polynet PCL ranks #141 out of 3077 companies in the Industrial Products industry, placing it in the top 4.6%.
Is Polynet PCL's Return-on-Tangible-Asset too high?
Polynet PCL's current Return-on-Tangible-Asset of 18.37% is 59% above median its 10-year median of 11.58. Over the past 10 years, this metric has ranged from a low of 2.32 to a high of 17.73. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Polynet PCL's value of 18.37% is 463.5% above this industry median. Based on the distribution chart, Polynet PCL ranks #141 out of 3077 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Polynet PCL has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Polynet PCL's Return-on-Tangible-Asset compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Polynet PCL ranks #141 out of 3077 companies for Return-on-Tangible-Asset. This places Polynet PCL in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.26. Polynet PCL's value of 18.37% is 463.5% above this benchmark. Historically, Polynet PCL's own Return-on-Tangible-Asset has ranged from 2.32 to 17.73 over the past decade. While the company's 10-year median is 11.58 vs. the industry median of 3.26, Polynet 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 Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,077 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. Polynet PCL's current Return-on-Tangible-Asset of 18.37% is 463.5% 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 Polynet PCL and its competitors. For the Industrial Products 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. Polynet PCL's current Return-on-Tangible-Asset is 18.37%, which is 59% above median its own 10-year median of 11.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polynet PCL stock overvalued right now?
Based on GuruFocus' analysis, Polynet PCL (BKK:POLY) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿8.92, compared to a current price of ฿6.95 — trading 22.1% below its estimated fair value. The current Return-on-Tangible-Asset is 18.37%, which is 59% above median its 10-year median of 11.58 and 463.5% above the Industrial Products industry median of 3.26. Polynet PCL's overall GF Score™ is 90/100 with 2 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 Polynet PCL (BKK:POLY), the current Return-on-Tangible-Asset is 18.37% 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 Polynet PCL (BKK:POLY) Overvalued in 2026?
Based on GuruFocus' analysis, Polynet PCL stock appears to be undervalued.
The current stock price of ฿6.95 is trading 22.1% below its estimated GF Value™ of ฿8.92.
GuruFocus considers Polynet PCL to be Modestly Undervalued.
Key valuation signals for BKK:POLY:
Return-on-Tangible-Asset: 18.37% (59% above median its 10-year median of 11.58)
GF Value™: ฿8.92 vs. price of ฿6.95 (22.1% below fair value)
Industry Position: 463.5% above the Industrial Products median (#141 of 3077)
No single metric tells the full story. See the BKK:POLY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polynet PCL is engaged in the forming, manufacturing and distributing of products related to rubber, plastic, silicone, and molds for the automotive industry, medical tools and equipment, and consumer products. The company generates majority of its revenue from automotive industry.
90GF Score
Get the complete analysis for BKK:POLY
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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