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Thai Plaspac PCLBKK:TPAC -0.58%88 Return-on-Tangible-Asset is 10.10% as of Mar. 2026, which is 25% above its 10-year median of 8.05. GuruFocus rates BKK:TPAC with a GF Score™ of 88/100 and a GF Value™ of ฿10.38 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 400 Packaging & Containers companies, Thai Plaspac PCL ranks better than 88% 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 Plaspac PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿566 Mil. Thai Plaspac PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿5,601 Mil. Therefore, Thai Plaspac PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.10%.
The historical rank and industry rank for Thai Plaspac PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:TPAC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.53 Med: 8.05 Max: 10.14
Current: 9.14
During the past 13 years, Thai Plaspac PCL's highest Return-on-Tangible-Asset was 10.14%. The lowest was 1.53%. And the median was 8.05%.
BKK:TPAC's Return-on-Tangible-Asset is ranked better than 88% of 400
companies
in the Packaging & Containers industry
Industry Median: 2.92
vs BKK:TPAC: 9.14
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 Plaspac PCL Return-on-Tangible-Asset Related Terms
Thai Plaspac PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Thai Plaspac 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:TPAC vs SW, PKG, IP: Return-on-Tangible-Asset Comparison
For the Packaging & Containers subindustry, Thai Plaspac 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 Plaspac PCL Return-on-Tangible-Asset vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thai Plaspac PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Thai Plaspac 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 10.10% mean?
Thai Plaspac PCL (BKK:TPAC) has a Return-on-Tangible-Asset of 10.10% 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 Plaspac PCL and its competitors. This is 25% above median its historical median of 8.05. Over the past decade, Thai Plaspac PCL's Return-on-Tangible-Asset has ranged from 1.53 to 10.14. According to the industry distribution chart, Thai Plaspac PCL ranks #48 out of 400 companies in the Packaging & Containers industry, placing it in the top 12%.
Is Thai Plaspac PCL's Return-on-Tangible-Asset too high?
Thai Plaspac PCL's current Return-on-Tangible-Asset of 10.10% is 25% above median its 10-year median of 8.05. Over the past 10 years, this metric has ranged from a low of 1.53 to a high of 10.14. The Packaging & Containers industry median Return-on-Tangible-Asset is 2.92. Thai Plaspac PCL's value of 10.10% is 245.9% above this industry median. Based on the distribution chart, Thai Plaspac PCL ranks #48 out of 400 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Plaspac PCL has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Plaspac PCL's Return-on-Tangible-Asset compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thai Plaspac PCL ranks #48 out of 400 companies for Return-on-Tangible-Asset. This places Thai Plaspac PCL in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.92. Thai Plaspac PCL's value of 10.10% is 245.9% above this benchmark. Historically, Thai Plaspac PCL's own Return-on-Tangible-Asset has ranged from 1.53 to 10.14 over the past decade. While the company's 10-year median is 8.05 vs. the industry median of 2.92, Thai Plaspac 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 Packaging & Containers company?
The median Return-on-Tangible-Asset among Packaging & Containers companies is 2.92, based on 400 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 Plaspac PCL's current Return-on-Tangible-Asset of 10.10% is 245.9% 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 Thai Plaspac PCL and its competitors. For the Packaging & Containers industry, the median Return-on-Tangible-Asset is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Plaspac PCL's current Return-on-Tangible-Asset is 10.10%, which is 25% above median its own 10-year median of 8.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Plaspac PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Plaspac PCL (BKK:TPAC) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿10.38, compared to a current price of ฿8.55 — trading 17.6% below its estimated fair value. The current Return-on-Tangible-Asset is 10.10%, which is 25% above median its 10-year median of 8.05 and 245.9% above the Packaging & Containers industry median of 2.92. Thai Plaspac 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 Thai Plaspac PCL (BKK:TPAC), the current Return-on-Tangible-Asset is 10.10% 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 Plaspac PCL (BKK:TPAC) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Plaspac PCL stock appears to be undervalued.
The current stock price of ฿8.55 is trading 17.6% below its estimated GF Value™ of ฿10.38.
GuruFocus considers Thai Plaspac PCL to be Modestly Undervalued.
Key valuation signals for BKK:TPAC:
Return-on-Tangible-Asset: 10.10% (25% above median its 10-year median of 8.05)
GF Value™: ฿10.38 vs. price of ฿8.55 (17.6% below fair value)
Industry Position: 245.9% above the Packaging & Containers median (#48 of 400)
No single metric tells the full story. See the BKK:TPAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Plaspac PCL is a Thailand-based company that operates in the plastic packaging business. The activity of the group includes the manufacturing and distribution of plastic packaging materials. It offers a wide range of manufacturing capabilities, ranging from packaging design, injection-molding, blow-molding, injection/blow molding in-line inspections, and quality assurance. It serves food, daily products, consumer-household, and other sectors. Geographically, the firm has a business presence in Thailand and Other overseas countries.
88GF Score
Get the complete analysis for BKK:TPAC
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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