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Starflex PCLBKK:SFLEX 89 Return-on-Tangible-Asset is 10.95% as of Mar. 2026, which is 2% above its 10-year median of 10.72. GuruFocus rates BKK:SFLEX with a GF Score™ of 89/100 and a GF Value™ of ฿3.67 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 402 Packaging & Containers companies, Starflex PCL ranks better than 91.29% 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. Starflex PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿247 Mil. Starflex PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿2,253 Mil. Therefore, Starflex PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.95%.
The historical rank and industry rank for Starflex PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:SFLEX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.55 Med: 10.72 Max: 16.42
Current: 10.71
During the past 10 years, Starflex PCL's highest Return-on-Tangible-Asset was 16.42%. The lowest was 3.55%. And the median was 10.72%.
BKK:SFLEX's Return-on-Tangible-Asset is ranked better than 91.29% of 402
companies
in the Packaging & Containers industry
Industry Median: 2.92
vs BKK:SFLEX: 10.71
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.
Starflex PCL Return-on-Tangible-Asset Related Terms
Starflex PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Starflex 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:SFLEX vs SW, PKG, IP: Return-on-Tangible-Asset Comparison
For the Packaging & Containers subindustry, Starflex 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.
Starflex PCL Return-on-Tangible-Asset vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Starflex PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Starflex 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 10.95% mean?
Starflex PCL (BKK:SFLEX) has a Return-on-Tangible-Asset of 10.95% 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 Starflex PCL and its competitors. This is near median its historical median of 10.72. Over the past decade, Starflex PCL's Return-on-Tangible-Asset has ranged from 3.55 to 16.42. According to the industry distribution chart, Starflex PCL ranks #35 out of 402 companies in the Packaging & Containers industry, placing it in the top 8.7%.
Is Starflex PCL's Return-on-Tangible-Asset too high?
Starflex PCL's current Return-on-Tangible-Asset of 10.95% is near median its 10-year median of 10.72. Over the past 10 years, this metric has ranged from a low of 3.55 to a high of 16.42. The Packaging & Containers industry median Return-on-Tangible-Asset is 2.92. Starflex PCL's value of 10.95% is 275% above this industry median. Based on the distribution chart, Starflex PCL ranks #35 out of 402 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Starflex PCL has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Starflex PCL's Return-on-Tangible-Asset compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Starflex PCL ranks #35 out of 402 companies for Return-on-Tangible-Asset. This places Starflex PCL in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.92. Starflex PCL's value of 10.95% is 275% above this benchmark. Historically, Starflex PCL's own Return-on-Tangible-Asset has ranged from 3.55 to 16.42 over the past decade. While the company's 10-year median is 10.72 vs. the industry median of 2.92, Starflex 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 Packaging & Containers company?
The median Return-on-Tangible-Asset among Packaging & Containers companies is 2.92, based on 402 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. Starflex PCL's current Return-on-Tangible-Asset of 10.95% is 275% 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 Starflex PCL and its competitors. For the Packaging & Containers industry, the median Return-on-Tangible-Asset is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starflex PCL's current Return-on-Tangible-Asset is 10.95%, which is near median its own 10-year median of 10.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starflex PCL stock overvalued right now?
Based on GuruFocus' analysis, Starflex PCL (BKK:SFLEX) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿3.67, compared to a current price of ฿3.00 — trading 18.3% below its estimated fair value. The current Return-on-Tangible-Asset is 10.95%, which is near median its 10-year median of 10.72 and 275% above the Packaging & Containers industry median of 2.92. Starflex PCL's overall GF Score™ is 89/100 with 4 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 Starflex PCL (BKK:SFLEX), the current Return-on-Tangible-Asset is 10.95% 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 Starflex PCL (BKK:SFLEX) Overvalued in 2026?
Based on GuruFocus' analysis, Starflex PCL stock appears to be undervalued.
The current stock price of ฿3.00 is trading 18.3% below its estimated GF Value™ of ฿3.67.
GuruFocus considers Starflex PCL to be Modestly Undervalued.
Key valuation signals for BKK:SFLEX:
Return-on-Tangible-Asset: 10.95% (near median its 10-year median of 10.72)
GF Value™: ฿3.67 vs. price of ฿3.00 (18.3% below fair value)
Industry Position: 275% above the Packaging & Containers median (#35 of 402)
No single metric tells the full story. See the BKK:SFLEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Starflex PCL is engaged in the manufacture and distribution of flexible packaging. The company provides packaging for home and personal products, medical products, and food industries. There are three operating business segments: Packaging products for food, Packaging products for non-food, and Other segment. The Non-food packaging segment generates a vast majority of the revenues. The company operates in Thailand only.
89GF Score
Get the complete analysis for BKK:SFLEX
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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