Thantawan Industry PCLBKK:THIP-R 72 Return-on-Tangible-Asset is 2.62% as of Mar. 2026, which is 79% below its 10-year median of 12.59. GuruFocus rates BKK:THIP-R with a GF Score™ of 72/100 and a GF Value™ of ฿36.74. The stock has 6 warning signs investors should review. Among 401 Packaging & Containers companies, Thantawan Industry PCL ranks better than 56.11% 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. Thantawan Industry PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿111 Mil. Thantawan Industry PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿4,251 Mil. Therefore, Thantawan Industry PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.62%.
The historical rank and industry rank for Thantawan Industry PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:THIP-R'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.58 Med: 12.59 Max: 20.4
Current: 3.58
During the past 13 years, Thantawan Industry PCL's highest Return-on-Tangible-Asset was 20.40%. The lowest was 3.58%. And the median was 12.59%.
BKK:THIP-R's Return-on-Tangible-Asset is ranked better than 56.11% of 401
companies
in the Packaging & Containers industry
Industry Median: 2.85
vs BKK:THIP-R: 3.58
Thantawan Industry PCL (BKK:THIP-R) Return-on-Tangible-Asset Explanation
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.
Thantawan Industry PCL Return-on-Tangible-Asset Related Terms
Thantawan Industry PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Thantawan Industry 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.
Thantawan Industry PCL Return-on-Tangible-Asset Chart
BKK:THIP-R vs SW, PKG, AMCR: Return-on-Tangible-Asset Comparison
For the Packaging & Containers subindustry, Thantawan Industry 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.
Thantawan Industry PCL Return-on-Tangible-Asset vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thantawan Industry PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Thantawan Industry 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 2.62% mean?
Thantawan Industry PCL (BKK:THIP-R) has a Return-on-Tangible-Asset of 2.62% 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 Thantawan Industry PCL and its competitors. This is 79% below median its historical median of 12.59. Over the past decade, Thantawan Industry PCL's Return-on-Tangible-Asset has ranged from 3.58 to 20.40. According to the industry distribution chart, Thantawan Industry PCL ranks #176 out of 401 companies in the Packaging & Containers industry, placing it in the top 43.9%.
Is Thantawan Industry PCL's Return-on-Tangible-Asset too high?
Thantawan Industry PCL's current Return-on-Tangible-Asset of 2.62% is 79% below median its 10-year median of 12.59. Over the past 10 years, this metric has ranged from a low of 3.58 to a high of 20.40. The Packaging & Containers industry median Return-on-Tangible-Asset is 2.85. Thantawan Industry PCL's value of 2.62% is 8.1% below this industry median. Based on the distribution chart, Thantawan Industry PCL ranks #176 out of 401 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Thantawan Industry PCL has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Thantawan Industry PCL's Return-on-Tangible-Asset compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thantawan Industry PCL ranks #176 out of 401 companies for Return-on-Tangible-Asset. This puts Thantawan Industry PCL in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.85. Thantawan Industry PCL's value of 2.62% is 8.1% below this benchmark. Historically, Thantawan Industry PCL's own Return-on-Tangible-Asset has ranged from 3.58 to 20.40 over the past decade. While the company's 10-year median is 12.59 vs. the industry median of 2.85, Thantawan Industry 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 Packaging & Containers company?
The median Return-on-Tangible-Asset among Packaging & Containers companies is 2.85, based on 401 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. Thantawan Industry PCL's current Return-on-Tangible-Asset of 2.62% is 8.1% 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 Thantawan Industry PCL and its competitors. For the Packaging & Containers industry, the median Return-on-Tangible-Asset is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thantawan Industry PCL's current Return-on-Tangible-Asset is 2.62%, which is 79% below median its own 10-year median of 12.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thantawan Industry PCL stock overvalued right now?
Thantawan Industry PCL (BKK:THIP-R) has a current Return-on-Tangible-Asset of 2.62%. The stock's GF Value™ is ฿36.74, compared to a current price of ฿23.00 — trading 37.4% below its estimated fair value. The current Return-on-Tangible-Asset is 2.62%, which is 79% below median its 10-year median of 12.59 and 8.1% below the Packaging & Containers industry median of 2.85. Thantawan Industry PCL's overall GF Score™ is 72/100 with 6 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 Thantawan Industry PCL (BKK:THIP-R), the current Return-on-Tangible-Asset is 2.62% 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 Thantawan Industry PCL (BKK:THIP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thantawan Industry PCL stock appears to be undervalued.
The current stock price of ฿23.00 is trading 37.4% below its estimated GF Value™ of ฿36.74.
Key valuation signals for BKK:THIP-R:
Return-on-Tangible-Asset: 2.62% (79% below median its 10-year median of 12.59)
GF Value™: ฿36.74 vs. price of ฿23.00 (37.4% below fair value)
Industry Position: 8.1% below the Packaging & Containers median (#176 of 401)
No single metric tells the full story. See the BKK:THIP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The Group manufactures and sells plastic products, which are divided into two main products: plastic bags and straw products. Other products are Zipper tape and resin scrap, etc. Key revenue is generated from Plastic bag. The geographical area of its operation is Thailand and Vietnam.
72GF Score
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