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Proen PCLBKK:PROEN -1.02%43 Return-on-Tangible-Asset is -4.00% as of Mar. 2026. GuruFocus rates BKK:PROEN with a GF Score™ of 43/100 and a GF Value™ of ฿0.82 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 366 Telecommunication Services companies, Proen PCL ranks worse than 67.49% 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. Proen PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿-48.0 Mil. Proen PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿1,201.3 Mil. Therefore, Proen PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -4.00%.
The historical rank and industry rank for Proen PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:PROEN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.31 Med: 2.72 Max: 4.9
Current: 0.6
During the past 7 years, Proen PCL's highest Return-on-Tangible-Asset was 4.90%. The lowest was 0.31%. And the median was 2.72%.
BKK:PROEN's Return-on-Tangible-Asset is ranked worse than 67.49% of 366
companies
in the Telecommunication Services industry
Industry Median: 3.43
vs BKK:PROEN: 0.60
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.
Proen PCL Return-on-Tangible-Asset Related Terms
Proen PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Proen 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:PROEN vs TMUS, VZ, T: Return-on-Tangible-Asset Comparison
For the Telecom Services subindustry, Proen 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.
Proen PCL Return-on-Tangible-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Proen PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Proen 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 -4.00% mean?
Proen PCL (BKK:PROEN) has a Return-on-Tangible-Asset of -4.00% 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 Proen PCL and its competitors. Over the past decade, Proen PCL's Return-on-Tangible-Asset has ranged from 0.31 to 4.90. According to the industry distribution chart, Proen PCL ranks #247 out of 366 companies in the Telecommunication Services industry, placing it in the top 67.5%.
Is Proen PCL's Return-on-Tangible-Asset too high?
Proen PCL's current Return-on-Tangible-Asset is -4.00%. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 4.90. Based on the distribution chart, Proen PCL ranks #247 out of 366 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Proen PCL has a GF Score™ of 43/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Proen PCL's Return-on-Tangible-Asset compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Proen PCL ranks #247 out of 366 companies for Return-on-Tangible-Asset. This places Proen PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.43. Historically, Proen PCL's own Return-on-Tangible-Asset has ranged from 0.31 to 4.90 over the past decade. 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 Telecommunication Services company?
The median Return-on-Tangible-Asset among Telecommunication Services companies is 3.43, based on 366 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. 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 Proen PCL and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Asset is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Proen PCL's current Return-on-Tangible-Asset is -4.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Proen PCL stock overvalued right now?
Based on GuruFocus' analysis, Proen PCL (BKK:PROEN) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.82, compared to a current price of ฿0.97 — trading 18.3% above its estimated fair value. The current Return-on-Tangible-Asset is -4.00%. Proen PCL's overall GF Score™ is 43/100 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 Proen PCL (BKK:PROEN), the current Return-on-Tangible-Asset is -4.00% 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 Proen PCL (BKK:PROEN) Overvalued in 2026?
Based on GuruFocus' analysis, Proen PCL stock appears to be overvalued.
The current stock price of ฿0.97 is trading 18.3% above its estimated GF Value™ of ฿0.82.
GuruFocus considers Proen PCL to be Modestly Overvalued.
Key valuation signals for BKK:PROEN:
Return-on-Tangible-Asset: -4.00%
GF Value™: ฿0.82 vs. price of ฿0.97 (18.3% above fair value)
No single metric tells the full story. See the BKK:PROEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Proen Corp PCL, along with its subsidiaries, is engaged in the provision of Internet data center services and related supplementary services. Additionally, the company sells equipment associated with information technology systems, offers Internet security services, and undertakes basic telecommunications construction projects. The Group has three segments, which are comprised of the distribution of technological and other equipment, Internet data center and related services, and Construction. It derives maximum revenue from the Internet data center and related services segment, which operates a data center and offers internet data transmission services (bandwidth) in Thailand, supported by round-the-clock customer service. Geographically, the Group operates only in Thailand.
43GF Score
Get the complete analysis for BKK:PROEN
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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