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TOA Paint (Thailand) PCLBKK:TOA-R -1.90%88 Return-on-Tangible-Asset is 12.61% as of Jun. 2026, which is 2% below its 10-year median of 12.92. GuruFocus rates BKK:TOA-R with a GF Score™ of 88/100 and a GF Value™ of ฿13.39 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,618 Chemicals companies, TOA Paint (Thailand) PCL ranks better than 93.82% 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. TOA Paint (Thailand) PCL's annualizedNet Income for the quarter that ended in Jun. 2026 was ฿2,871 Mil. TOA Paint (Thailand) PCL's average total tangible assets for the quarter that ended in Jun. 2026 was ฿22,764 Mil. Therefore, TOA Paint (Thailand) PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 12.61%.
The historical rank and industry rank for TOA Paint (Thailand) PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:TOA-R'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.67 Med: 12.92 Max: 21.24
Current: 14.92
During the past 11 years, TOA Paint (Thailand) PCL's highest Return-on-Tangible-Asset was 21.24%. The lowest was 7.67%. And the median was 12.92%.
BKK:TOA-R's Return-on-Tangible-Asset is ranked better than 93.82% of 1618
companies
in the Chemicals industry
Industry Median: 3.625
vs BKK:TOA-R: 14.92
TOA Paint (Thailand) PCL (BKK:TOA-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.
TOA Paint (Thailand) PCL Return-on-Tangible-Asset Related Terms
TOA Paint (Thailand) PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for TOA Paint (Thailand) 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.
TOA Paint (Thailand) PCL Return-on-Tangible-Asset Chart
BKK:TOA-R vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, TOA Paint (Thailand) 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.
TOA Paint (Thailand) PCL Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, TOA Paint (Thailand) PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TOA Paint (Thailand) 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 12.61% mean?
TOA Paint (Thailand) PCL (BKK:TOA-R) has a Return-on-Tangible-Asset of 12.61% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on TOA Paint (Thailand) PCL and its competitors. This is near median its historical median of 12.92. Over the past decade, TOA Paint (Thailand) PCL's Return-on-Tangible-Asset has ranged from 7.67 to 21.24. According to the industry distribution chart, TOA Paint (Thailand) PCL ranks #100 out of 1618 companies in the Chemicals industry, placing it in the top 6.2%.
Is TOA Paint (Thailand) PCL's Return-on-Tangible-Asset too high?
TOA Paint (Thailand) PCL's current Return-on-Tangible-Asset of 12.61% is near median its 10-year median of 12.92. Over the past 10 years, this metric has ranged from a low of 7.67 to a high of 21.24. The Chemicals industry median Return-on-Tangible-Asset is 3.63. TOA Paint (Thailand) PCL's value of 12.61% is 247.9% above this industry median. Based on the distribution chart, TOA Paint (Thailand) PCL ranks #100 out of 1618 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, TOA Paint (Thailand) PCL has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOA Paint (Thailand) PCL's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, TOA Paint (Thailand) PCL ranks #100 out of 1618 companies for Return-on-Tangible-Asset. This places TOA Paint (Thailand) PCL in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.63. TOA Paint (Thailand) PCL's value of 12.61% is 247.9% above this benchmark. Historically, TOA Paint (Thailand) PCL's own Return-on-Tangible-Asset has ranged from 7.67 to 21.24 over the past decade. While the company's 10-year median is 12.92 vs. the industry median of 3.63, TOA Paint (Thailand) 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.63, based on 1,618 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. TOA Paint (Thailand) PCL's current Return-on-Tangible-Asset of 12.61% is 247.9% 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 TOA Paint (Thailand) PCL and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOA Paint (Thailand) PCL's current Return-on-Tangible-Asset is 12.61%, which is near median its own 10-year median of 12.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOA Paint (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, TOA Paint (Thailand) PCL (BKK:TOA-R) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿13.39, compared to a current price of ฿15.20 — trading 13.5% above its estimated fair value. The current Return-on-Tangible-Asset is 12.61%, which is near median its 10-year median of 12.92 and 247.9% above the Chemicals industry median of 3.63. TOA Paint (Thailand) PCL's overall GF Score™ is 88/100 with 2 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 TOA Paint (Thailand) PCL (BKK:TOA-R), the current Return-on-Tangible-Asset is 12.61% as of Jun. 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 TOA Paint (Thailand) PCL (BKK:TOA-R) Overvalued in 2026?
Based on GuruFocus' analysis, TOA Paint (Thailand) PCL stock appears to be overvalued.
The current stock price of ฿15.20 is trading 13.5% above its estimated GF Value™ of ฿13.39.
GuruFocus considers TOA Paint (Thailand) PCL to be Modestly Overvalued.
Key valuation signals for BKK:TOA-R:
Return-on-Tangible-Asset: 12.61% (near median its 10-year median of 12.92)
GF Value™: ฿13.39 vs. price of ฿15.20 (13.5% above fair value)
Industry Position: 247.9% above the Chemicals median (#100 of 1618)
No single metric tells the full story. See the BKK:TOA-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOA Paint (Thailand) PCL is principally engaged in the manufacture and distribution of paints and chemicals. Its product types are decorative coatings, wood coatings, construction chemicals, heavy-duty coatings, special paint, and hardware and power tools. The company generates a majority of its revenue from Thailand.
88GF Score
Get the complete analysis for BKK:TOA-R
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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