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Thai Industrial Fund 1BKK:TIF1 82 Return-on-Tangible-Asset is 7.35% as of Dec. 2025, which is 36% above its 10-year median of 5.40. GuruFocus rates BKK:TIF1 with a GF Score™ of 82/100 and a GF Value™ of ฿8.51 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,635 Asset Management companies, Thai Industrial Fund 1 ranks better than 57.13% 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 Industrial Fund 1's annualizedNet Income for the quarter that ended in Dec. 2025 was ฿72.22 Mil. Thai Industrial Fund 1's average total tangible assets for the quarter that ended in Dec. 2025 was ฿982.29 Mil. Therefore, Thai Industrial Fund 1's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 7.35%.
The historical rank and industry rank for Thai Industrial Fund 1's Return-on-Tangible-Asset or its related term are showing as below:
BKK:TIF1'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.8 Med: 5.4 Max: 7.45
Current: 6
During the past 13 years, Thai Industrial Fund 1's highest Return-on-Tangible-Asset was 7.45%. The lowest was 4.80%. And the median was 5.40%.
BKK:TIF1's Return-on-Tangible-Asset is ranked better than 57.13% of 1635
companies
in the Asset Management industry
Industry Median: 4.52
vs BKK:TIF1: 6.00
Thai Industrial Fund 1 (BKK:TIF1) 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.
Thai Industrial Fund 1 Return-on-Tangible-Asset Related Terms
Thai Industrial Fund 1 Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Thai Industrial Fund 1'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.
Thai Industrial Fund 1 Return-on-Tangible-Asset Chart
BKK:TIF1 vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Thai Industrial Fund 1'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 Industrial Fund 1 Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Thai Industrial Fund 1's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Thai Industrial Fund 1'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 7.35% mean?
Thai Industrial Fund 1 (BKK:TIF1) has a Return-on-Tangible-Asset of 7.35% 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 Thai Industrial Fund 1 and its competitors. This is 36% above median its historical median of 5.40. Over the past decade, Thai Industrial Fund 1's Return-on-Tangible-Asset has ranged from 4.80 to 7.45. According to the industry distribution chart, Thai Industrial Fund 1 ranks #701 out of 1635 companies in the Asset Management industry, placing it in the top 42.9%.
Is Thai Industrial Fund 1's Return-on-Tangible-Asset too high?
Thai Industrial Fund 1's current Return-on-Tangible-Asset of 7.35% is 36% above median its 10-year median of 5.40. Over the past 10 years, this metric has ranged from a low of 4.80 to a high of 7.45. The Asset Management industry median Return-on-Tangible-Asset is 4.52. Thai Industrial Fund 1's value of 7.35% is 62.6% above this industry median. Based on the distribution chart, Thai Industrial Fund 1 ranks #701 out of 1635 companies in the Asset Management industry, which is above the industry midpoint. Overall, Thai Industrial Fund 1 has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thai Industrial Fund 1's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Thai Industrial Fund 1 ranks #701 out of 1635 companies for Return-on-Tangible-Asset. This puts Thai Industrial Fund 1 in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.52. Thai Industrial Fund 1's value of 7.35% is 62.6% above this benchmark. Historically, Thai Industrial Fund 1's own Return-on-Tangible-Asset has ranged from 4.80 to 7.45 over the past decade. While the company's 10-year median is 5.40 vs. the industry median of 4.52, Thai Industrial Fund 1 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 Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.52, based on 1,635 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 Industrial Fund 1's current Return-on-Tangible-Asset of 7.35% is 62.6% 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 Industrial Fund 1 and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Industrial Fund 1's current Return-on-Tangible-Asset is 7.35%, which is 36% above median its own 10-year median of 5.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Industrial Fund 1 stock overvalued right now?
Based on GuruFocus' analysis, Thai Industrial Fund 1 (BKK:TIF1) is currently considered Fairly Valued. The stock's GF Value™ is ฿8.51, compared to a current price of ฿8.00 — trading 6% below its estimated fair value. The current Return-on-Tangible-Asset is 7.35%, which is 36% above median its 10-year median of 5.40 and 62.6% above the Asset Management industry median of 4.52. Thai Industrial Fund 1's overall GF Score™ is 82/100 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 Thai Industrial Fund 1 (BKK:TIF1), the current Return-on-Tangible-Asset is 7.35% 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 Thai Industrial Fund 1 (BKK:TIF1) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Industrial Fund 1 stock appears to be undervalued.
The current stock price of ฿8.00 is trading 6% below its estimated GF Value™ of ฿8.51.
GuruFocus considers Thai Industrial Fund 1 to be Fairly Valued.
Key valuation signals for BKK:TIF1:
Return-on-Tangible-Asset: 7.35% (36% above median its 10-year median of 5.40)
GF Value™: ฿8.51 vs. price of ฿8.00 (6% below fair value)
Industry Position: 62.6% above the Asset Management median (#701 of 1635)
No single metric tells the full story. See the BKK:TIF1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Industrial Fund 1 is an asset management company. The objective of the fund is to raise funds from general investors and to use the proceeds from such fundraising for the purchase and/or lease of immovable properties or property lease rights. It invests in land and factory buildings, industrial parks, and industrial promotion zone in Thailand. The one reportable operating segment of the Fund is to provide the rental on property in which the Fund has invested and the single geographical area of its operations is Thailand.
82GF Score
Get the complete analysis for BKK:TIF1
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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