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TPI Polene Power PCLBKK:TPIPP 68 Return-on-Tangible-Asset is 1.25% as of Mar. 2026, which is 88% below its 10-year median of 10.07. GuruFocus rates BKK:TPIPP with a GF Score™ of 68/100 and a GF Value™ of ฿2.35 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 452 Utilities - Independent Power Producers companies, TPI Polene Power PCL ranks better than 59.29% 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. TPI Polene Power PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿862 Mil. TPI Polene Power PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿68,775 Mil. Therefore, TPI Polene Power PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.25%.
The historical rank and industry rank for TPI Polene Power PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:TPIPP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.23 Med: 10.07 Max: 13.28
Current: 2.23
During the past 12 years, TPI Polene Power PCL's highest Return-on-Tangible-Asset was 13.28%. The lowest was 2.23%. And the median was 10.07%.
BKK:TPIPP's Return-on-Tangible-Asset is ranked better than 59.29% of 452
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.285
vs BKK:TPIPP: 2.23
TPI Polene Power PCL (BKK:TPIPP) 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.
TPI Polene Power PCL Return-on-Tangible-Asset Related Terms
TPI Polene Power PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for TPI Polene Power 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.
TPI Polene Power PCL Return-on-Tangible-Asset Chart
TPI Polene Power PCL Return-on-Tangible-Asset Competitor Comparison
For the Utilities - Renewable subindustry, TPI Polene Power 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.
TPI Polene Power PCL Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, TPI Polene Power PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TPI Polene Power 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 1.25% mean?
TPI Polene Power PCL (BKK:TPIPP) has a Return-on-Tangible-Asset of 1.25% 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 TPI Polene Power PCL and its competitors. This is 88% below median its historical median of 10.07. Over the past decade, TPI Polene Power PCL's Return-on-Tangible-Asset has ranged from 2.23 to 13.28. According to the industry distribution chart, TPI Polene Power PCL ranks #184 out of 452 companies in the Utilities - Independent Power Producers industry, placing it in the top 40.7%.
Is TPI Polene Power PCL's Return-on-Tangible-Asset too high?
TPI Polene Power PCL's current Return-on-Tangible-Asset of 1.25% is 88% below median its 10-year median of 10.07. Over the past 10 years, this metric has ranged from a low of 2.23 to a high of 13.28. The Utilities - Independent Power Producers industry median Return-on-Tangible-Asset is 1.29. TPI Polene Power PCL's value of 1.25% is 2.7% below this industry median. Based on the distribution chart, TPI Polene Power PCL ranks #184 out of 452 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, TPI Polene Power PCL has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TPI Polene Power PCL's Return-on-Tangible-Asset compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, TPI Polene Power PCL ranks #184 out of 452 companies for Return-on-Tangible-Asset. This puts TPI Polene Power PCL in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.29. TPI Polene Power PCL's value of 1.25% is 2.7% below this benchmark. Historically, TPI Polene Power PCL's own Return-on-Tangible-Asset has ranged from 2.23 to 13.28 over the past decade. While the company's 10-year median is 10.07 vs. the industry median of 1.29, TPI Polene Power 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.29, based on 452 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. TPI Polene Power PCL's current Return-on-Tangible-Asset of 1.25% is 2.7% 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 TPI Polene Power PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPI Polene Power PCL's current Return-on-Tangible-Asset is 1.25%, which is 88% below median its own 10-year median of 10.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPI Polene Power PCL stock overvalued right now?
Based on GuruFocus' analysis, TPI Polene Power PCL (BKK:TPIPP) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.35, compared to a current price of ฿1.81 — trading 23% below its estimated fair value. The current Return-on-Tangible-Asset is 1.25%, which is 88% below median its 10-year median of 10.07 and 2.7% below the Utilities - Independent Power Producers industry median of 1.29. TPI Polene Power PCL's overall GF Score™ is 68/100 with 10 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 TPI Polene Power PCL (BKK:TPIPP), the current Return-on-Tangible-Asset is 1.25% 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 TPI Polene Power PCL (BKK:TPIPP) Overvalued in 2026?
Based on GuruFocus' analysis, TPI Polene Power PCL stock appears to be undervalued.
The current stock price of ฿1.81 is trading 23% below its estimated GF Value™ of ฿2.35.
GuruFocus considers TPI Polene Power PCL to be Modestly Undervalued.
Key valuation signals for BKK:TPIPP:
Return-on-Tangible-Asset: 1.25% (88% below median its 10-year median of 10.07)
GF Value™: ฿2.35 vs. price of ฿1.81 (23% below fair value)
Industry Position: 2.7% below the Utilities - Independent Power Producers median (#184 of 452)
No single metric tells the full story. See the BKK:TPIPP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TPI Polene Power PCL is engaged in manufacturing and distributing electricity and refuse-derived fuel, organics waste, and distributing diesel and natural gas. The company is engaged in two segments which are Energy and utilities, Petrol and gas stations. It derives maximum revenue from Energy & Utilities segment. Geographically, the company operates in Thailand.
68GF Score
Get the complete analysis for BKK:TPIPP
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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