Siam Cement PCLBKK:SCC-R 77 Return-on-Tangible-Asset is 3.21% as of Mar. 2026, which is 41% below its 10-year median of 5.43. GuruFocus rates BKK:SCC-R with a GF Score™ of 77/100 and a GF Value™ of ฿182.61. The stock has 9 warning signs investors should review. Among 565 Conglomerates companies, Siam Cement PCL ranks worse than 51.5% 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. Siam Cement PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿24,892 Mil. Siam Cement PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿776,243 Mil. Therefore, Siam Cement PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.21%.
The historical rank and industry rank for Siam Cement PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:SCC-R'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.78 Med: 5.43 Max: 11.11
Current: 2.47
During the past 13 years, Siam Cement PCL's highest Return-on-Tangible-Asset was 11.11%. The lowest was 0.78%. And the median was 5.43%.
BKK:SCC-R's Return-on-Tangible-Asset is ranked worse than 51.5% of 565
companies
in the Conglomerates industry
Industry Median: 2.69
vs BKK:SCC-R: 2.47
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.
Siam Cement PCL Return-on-Tangible-Asset Related Terms
Siam Cement PCL Return-on-Tangible-Asset Historical Data
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The historical data trend for Siam Cement 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:SCC-R vs HON, MMM: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Siam Cement 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.
Siam Cement PCL Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Siam Cement PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Siam Cement 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 3.21% mean?
Siam Cement PCL (BKK:SCC-R) has a Return-on-Tangible-Asset of 3.21% 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 Siam Cement PCL and its competitors. This is 41% below median its historical median of 5.43. Over the past decade, Siam Cement PCL's Return-on-Tangible-Asset has ranged from 0.78 to 11.11. According to the industry distribution chart, Siam Cement PCL ranks #291 out of 565 companies in the Conglomerates industry, placing it in the top 51.5%.
Is Siam Cement PCL's Return-on-Tangible-Asset too high?
Siam Cement PCL's current Return-on-Tangible-Asset of 3.21% is 41% below median its 10-year median of 5.43. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 11.11. The Conglomerates industry median Return-on-Tangible-Asset is 2.69. Siam Cement PCL's value of 3.21% is 19.3% above this industry median. Based on the distribution chart, Siam Cement PCL ranks #291 out of 565 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Siam Cement PCL has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Siam Cement PCL's Return-on-Tangible-Asset compare to HON and MMM?
According to the Conglomerates industry distribution chart, Siam Cement PCL ranks #291 out of 565 companies for Return-on-Tangible-Asset. This places Siam Cement PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.69. Siam Cement PCL's value of 3.21% is 19.3% above this benchmark. Historically, Siam Cement PCL's own Return-on-Tangible-Asset has ranged from 0.78 to 11.11 over the past decade. While the company's 10-year median is 5.43 vs. the industry median of 2.69, Siam Cement 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 a Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.69, based on 565 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. Siam Cement PCL's current Return-on-Tangible-Asset of 3.21% is 19.3% 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 Siam Cement PCL and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siam Cement PCL's current Return-on-Tangible-Asset is 3.21%, which is 41% below median its own 10-year median of 5.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siam Cement PCL stock overvalued right now?
Siam Cement PCL (BKK:SCC-R) has a current Return-on-Tangible-Asset of 3.21%. The stock's GF Value™ is ฿182.61, compared to a current price of ฿191.00 — trading 4.6% above its estimated fair value. The current Return-on-Tangible-Asset is 3.21%, which is 41% below median its 10-year median of 5.43 and 19.3% above the Conglomerates industry median of 2.69. Siam Cement PCL's overall GF Score™ is 77/100 with 9 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 Siam Cement PCL (BKK:SCC-R), the current Return-on-Tangible-Asset is 3.21% 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 Siam Cement PCL (BKK:SCC-R) Overvalued in 2026?
Based on GuruFocus' analysis, Siam Cement PCL stock appears to be overvalued.
The current stock price of ฿191.00 is trading 4.6% above its estimated GF Value™ of ฿182.61.
Key valuation signals for BKK:SCC-R:
Return-on-Tangible-Asset: 3.21% (41% below median its 10-year median of 5.43)
GF Value™: ฿182.61 vs. price of ฿191.00 (4.6% above fair value)
Industry Position: 19.3% above the Conglomerates median (#291 of 565)
No single metric tells the full story. See the BKK:SCC-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Siam Cement PCL is a holding company which manufactures and sells a variety of building materials, chemicals, and packaging products. Its segment includes SCG Cement and Green Solutions Business, SCG Smart Living Business and SCG Distribution and Retail Business, SCG Decor (SCGD), Chemicals Business (SCGC), SCGP and Others. Its geographic segments include Thailand, Vietnam, Indonesia, and Others. It generates the majority of its revenue from Thailand.
77GF Score
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