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Smart Concrete PCLBKK:SMART -1.79%56 Return-on-Tangible-Asset is 5.04% as of Dec. 2025, which is 10% below its 10-year median of 5.59. GuruFocus rates BKK:SMART with a GF Score™ of 56/100 and a GF Value™ of ฿0.49 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 411 Building Materials companies, Smart Concrete PCL ranks better than 63.02% 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. Smart Concrete PCL's annualizedNet Income for the quarter that ended in Dec. 2025 was ฿36.9 Mil. Smart Concrete PCL's average total tangible assets for the quarter that ended in Dec. 2025 was ฿732.4 Mil. Therefore, Smart Concrete PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 5.04%.
The historical rank and industry rank for Smart Concrete PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:SMART'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -11.26 Med: 5.59 Max: 13.59
Current: 4.31
During the past 13 years, Smart Concrete PCL's highest Return-on-Tangible-Asset was 13.59%. The lowest was -11.26%. And the median was 5.59%.
BKK:SMART's Return-on-Tangible-Asset is ranked better than 63.02% of 411
companies
in the Building Materials industry
Industry Median: 2.34
vs BKK:SMART: 4.31
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.
Smart Concrete PCL Return-on-Tangible-Asset Related Terms
Smart Concrete PCL Return-on-Tangible-Asset Historical Data
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The historical data trend for Smart Concrete 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:SMART vs CRH, VMC, MLM: Return-on-Tangible-Asset Comparison
For the Building Materials subindustry, Smart Concrete 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.
Smart Concrete PCL Return-on-Tangible-Asset vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Smart Concrete PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Smart Concrete 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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 5.04% mean?
Smart Concrete PCL (BKK:SMART) has a Return-on-Tangible-Asset of 5.04% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Smart Concrete PCL and its competitors. This is 10% below median its historical median of 5.59. According to the industry distribution chart, Smart Concrete PCL ranks #152 out of 411 companies in the Building Materials industry, placing it in the top 37%.
Is Smart Concrete PCL's Return-on-Tangible-Asset too high?
Smart Concrete PCL's current Return-on-Tangible-Asset of 5.04% is 10% below median its 10-year median of 5.59. The Building Materials industry median Return-on-Tangible-Asset is 2.34. Smart Concrete PCL's value of 5.04% is 115.4% above this industry median. Based on the distribution chart, Smart Concrete PCL ranks #152 out of 411 companies in the Building Materials industry, which is above the industry midpoint. Overall, Smart Concrete PCL has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smart Concrete PCL's Return-on-Tangible-Asset compare to CRH and VMC?
According to the Building Materials industry distribution chart, Smart Concrete PCL ranks #152 out of 411 companies for Return-on-Tangible-Asset. This puts Smart Concrete PCL in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.34. Smart Concrete PCL's value of 5.04% is 115.4% above this benchmark. While the company's 10-year median is 5.59 vs. the industry median of 2.34, Smart Concrete 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 Building Materials company?
The median Return-on-Tangible-Asset among Building Materials companies is 2.34, based on 411 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. Smart Concrete PCL's current Return-on-Tangible-Asset of 5.04% is 115.4% 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 Smart Concrete PCL and its competitors. For the Building Materials industry, the median Return-on-Tangible-Asset is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart Concrete PCL's current Return-on-Tangible-Asset is 5.04%, which is 10% below median its own 10-year median of 5.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Concrete PCL stock overvalued right now?
Based on GuruFocus' analysis, Smart Concrete PCL (BKK:SMART) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.49, compared to a current price of ฿0.55 — trading 12.2% above its estimated fair value. The current Return-on-Tangible-Asset is 5.04%, which is 10% below median its 10-year median of 5.59 and 115.4% above the Building Materials industry median of 2.34. Smart Concrete PCL's overall GF Score™ is 56/100 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 Smart Concrete PCL (BKK:SMART), the current Return-on-Tangible-Asset is 5.04% as of Dec. 2025. 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 Smart Concrete PCL (BKK:SMART) Overvalued in 2026?
Based on GuruFocus' analysis, Smart Concrete PCL stock appears to be overvalued.
The current stock price of ฿0.55 is trading 12.2% above its estimated GF Value™ of ฿0.49.
GuruFocus considers Smart Concrete PCL to be Modestly Overvalued.
Key valuation signals for BKK:SMART:
Return-on-Tangible-Asset: 5.04% (10% below median its 10-year median of 5.59)
GF Value™: ฿0.49 vs. price of ฿0.55 (12.2% above fair value)
Industry Position: 115.4% above the Building Materials median (#152 of 411)
No single metric tells the full story. See the BKK:SMART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smart Concrete PCL is engaged in the manufacturing and sale of products related to autoclaved aerated concrete blocks for use in construction. The company's product line includes construction and decorative products, such as lightweight concrete blocks, SmartBlock G4, decorative ventilation blocks, Smart Blocks, and Smart Lintel precast lintels. The company operates in Thailand.
56GF Score
Get the complete analysis for BKK:SMART
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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