Thai Reinsurance PCLBKK:THRE-R 42 Return-on-Tangible-Asset is 6.71% as of Mar. 2026, which is 859% above its 10-year median of 0.70. GuruFocus rates BKK:THRE-R with a GF Score™ of 42/100 and a GF Value™ of ฿0.47. The stock has 3 warning signs investors should review. Among 511 Insurance companies, Thai Reinsurance PCL ranks worse than 56.36% 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. Thai Reinsurance PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿428 Mil. Thai Reinsurance PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿6,378 Mil. Therefore, Thai Reinsurance PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.71%.
The historical rank and industry rank for Thai Reinsurance PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:THRE-R'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.2 Med: 0.7 Max: 4.16
Current: 2.19
During the past 13 years, Thai Reinsurance PCL's highest Return-on-Tangible-Asset was 4.16%. The lowest was -9.20%. And the median was 0.70%.
BKK:THRE-R's Return-on-Tangible-Asset is ranked worse than 56.36% of 511
companies
in the Insurance industry
Industry Median: 2.78
vs BKK:THRE-R: 2.19
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.
Thai Reinsurance PCL Return-on-Tangible-Asset Related Terms
Thai Reinsurance PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Thai Reinsurance 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:THRE-R vs RGA, EG, RNR: Return-on-Tangible-Asset Comparison
For the Insurance - Reinsurance subindustry, Thai Reinsurance 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.
Thai Reinsurance PCL Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Thai Reinsurance PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Thai Reinsurance 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 6.71% mean?
Thai Reinsurance PCL (BKK:THRE-R) has a Return-on-Tangible-Asset of 6.71% 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 Thai Reinsurance PCL and its competitors. This is 859% above median its historical median of 0.70. According to the industry distribution chart, Thai Reinsurance PCL ranks #288 out of 511 companies in the Insurance industry, placing it in the top 56.4%.
Is Thai Reinsurance PCL's Return-on-Tangible-Asset too high?
Thai Reinsurance PCL's current Return-on-Tangible-Asset of 6.71% is 859% above median its 10-year median of 0.70. The Insurance industry median Return-on-Tangible-Asset is 2.78. Thai Reinsurance PCL's value of 6.71% is 141.4% above this industry median. Based on the distribution chart, Thai Reinsurance PCL ranks #288 out of 511 companies in the Insurance industry, which is below the industry midpoint. Overall, Thai Reinsurance PCL has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Thai Reinsurance PCL's Return-on-Tangible-Asset compare to RGA and EG?
According to the Insurance industry distribution chart, Thai Reinsurance PCL ranks #288 out of 511 companies for Return-on-Tangible-Asset. This places Thai Reinsurance PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.78. Thai Reinsurance PCL's value of 6.71% is 141.4% above this benchmark. While the company's 10-year median is 0.70 vs. the industry median of 2.78, Thai Reinsurance 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 an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.78, based on 511 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. Thai Reinsurance PCL's current Return-on-Tangible-Asset of 6.71% is 141.4% 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 Thai Reinsurance PCL and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Reinsurance PCL's current Return-on-Tangible-Asset is 6.71%, which is 859% above median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Reinsurance PCL stock overvalued right now?
Thai Reinsurance PCL (BKK:THRE-R) has a current Return-on-Tangible-Asset of 6.71%. The stock's GF Value™ is ฿0.47, compared to a current price of ฿0.39 — trading 17% below its estimated fair value. The current Return-on-Tangible-Asset is 6.71%, which is 859% above median its 10-year median of 0.70 and 141.4% above the Insurance industry median of 2.78. Thai Reinsurance PCL's overall GF Score™ is 42/100 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 Thai Reinsurance PCL (BKK:THRE-R), the current Return-on-Tangible-Asset is 6.71% 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 Thai Reinsurance PCL (BKK:THRE-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Reinsurance PCL stock appears to be undervalued.
The current stock price of ฿0.39 is trading 17% below its estimated GF Value™ of ฿0.47.
Key valuation signals for BKK:THRE-R:
Return-on-Tangible-Asset: 6.71% (859% above median its 10-year median of 0.70)
GF Value™: ฿0.47 vs. price of ฿0.39 (17% below fair value)
Industry Position: 141.4% above the Insurance median (#288 of 511)
No single metric tells the full story. See the BKK:THRE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Reinsurance PCL provides reinsurance for non-life businesses diversify risk, including but not limited to property, personal accident, engineering, and marine and cargo risk. The company provides two main types of reinsurance contracts: facultative reinsurance and treaty reinsurance. Its segments include Motor insurance and Non-motor insurance. The majority of the revenue is derived from Non-motor insurance segment. The group operates in Thailand only.
42GF Score
Get the complete analysis for BKK:THRE-R
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