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Qualitech PCLBKK:QLT +4.95%58 Return-on-Tangible-Asset is 0.74% as of Mar. 2026, which is 73% below its 10-year median of 2.77. GuruFocus rates BKK:QLT with a GF Score™ of 58/100 and a GF Value™ of ฿2.29 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,096 Business Services companies, Qualitech PCL ranks worse than 64.32% 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. Qualitech PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿2.6 Mil. Qualitech PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿349.6 Mil. Therefore, Qualitech PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.74%.
The historical rank and industry rank for Qualitech PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:QLT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -31.4 Med: 2.77 Max: 9.95
Current: 1.68
During the past 13 years, Qualitech PCL's highest Return-on-Tangible-Asset was 9.95%. The lowest was -31.40%. And the median was 2.77%.
BKK:QLT's Return-on-Tangible-Asset is ranked worse than 64.32% of 1096
companies
in the Business Services industry
Industry Median: 3.97
vs BKK:QLT: 1.68
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.
Qualitech PCL Return-on-Tangible-Asset Related Terms
Qualitech PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Qualitech 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:QLT vs CTAS, CPRT, ULS: Return-on-Tangible-Asset Comparison
For the Specialty Business Services subindustry, Qualitech 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.
Qualitech PCL Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Qualitech PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Qualitech 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 0.74% mean?
Qualitech PCL (BKK:QLT) has a Return-on-Tangible-Asset of 0.74% 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 Qualitech PCL and its competitors. This is 73% below median its historical median of 2.77. According to the industry distribution chart, Qualitech PCL ranks #705 out of 1096 companies in the Business Services industry, placing it in the top 64.3%.
Is Qualitech PCL's Return-on-Tangible-Asset too high?
Qualitech PCL's current Return-on-Tangible-Asset of 0.74% is 73% below median its 10-year median of 2.77. The Business Services industry median Return-on-Tangible-Asset is 3.97. Qualitech PCL's value of 0.74% is 81.4% below this industry median. Based on the distribution chart, Qualitech PCL ranks #705 out of 1096 companies in the Business Services industry, which is below the industry midpoint. Overall, Qualitech PCL has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Qualitech PCL's Return-on-Tangible-Asset compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Qualitech PCL ranks #705 out of 1096 companies for Return-on-Tangible-Asset. This places Qualitech PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.97. Qualitech PCL's value of 0.74% is 81.4% below this benchmark. While the company's 10-year median is 2.77 vs. the industry median of 3.97, Qualitech PCL has consistently been below 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.97, based on 1,096 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. Qualitech PCL's current Return-on-Tangible-Asset of 0.74% is 81.4% below 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 Qualitech PCL and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qualitech PCL's current Return-on-Tangible-Asset is 0.74%, which is 73% below median its own 10-year median of 2.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qualitech PCL stock overvalued right now?
Based on GuruFocus' analysis, Qualitech PCL (BKK:QLT) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.29, compared to a current price of ฿2.12 — trading 7.4% below its estimated fair value. The current Return-on-Tangible-Asset is 0.74%, which is 73% below median its 10-year median of 2.77 and 81.4% below the Business Services industry median of 3.97. Qualitech PCL's overall GF Score™ is 58/100 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 Qualitech PCL (BKK:QLT), the current Return-on-Tangible-Asset is 0.74% 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 Qualitech PCL (BKK:QLT) Overvalued in 2026?
Based on GuruFocus' analysis, Qualitech PCL stock appears to be undervalued.
The current stock price of ฿2.12 is trading 7.4% below its estimated GF Value™ of ฿2.29.
GuruFocus considers Qualitech PCL to be Fairly Valued.
Key valuation signals for BKK:QLT:
Return-on-Tangible-Asset: 0.74% (73% below median its 10-year median of 2.77)
GF Value™: ฿2.29 vs. price of ฿2.12 (7.4% below fair value)
Industry Position: 81.4% below the Business Services median (#705 of 1096)
No single metric tells the full story. See the BKK:QLT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qualitech PCL is engaged in the business of providing technical services, testing, inspection, and certification for the operation safety of industry equipment, pressure vessels, industrial boilers, piping and steel structures, which is important for the production process, storage, transport of the products in power generating, petrochemical industry, and construction to comply with industrial standard and the government laws. The Group's operations in both domestic and overseas geographical segments. The majority of revenue is from Domestic segment.
58GF Score
Get the complete analysis for BKK:QLT
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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