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Thai Parcels PCLBKK:TPL 31 Return-on-Tangible-Asset is -8.24% as of Mar. 2026. GuruFocus rates BKK:TPL with a GF Score™ of 31/100 and a GF Value™ of ฿0.74 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,011 Transportation companies, Thai Parcels PCL ranks worse than 92.98% 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 Parcels PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿-136.8 Mil. Thai Parcels PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿1,660.2 Mil. Therefore, Thai Parcels PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -8.24%.
The historical rank and industry rank for Thai Parcels PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:TPL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.22 Med: 0.3 Max: 3.48
Current: -8.22
During the past 5 years, Thai Parcels PCL's highest Return-on-Tangible-Asset was 3.48%. The lowest was -8.22%. And the median was 0.30%.
BKK:TPL's Return-on-Tangible-Asset is ranked worse than 92.98% of 1011
companies
in the Transportation industry
Industry Median: 3.76
vs BKK:TPL: -8.22
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 Parcels PCL Return-on-Tangible-Asset Related Terms
Thai Parcels PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Thai Parcels 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:TPL vs UPS, FDX, JBHT: Return-on-Tangible-Asset Comparison
For the Integrated Freight & Logistics subindustry, Thai Parcels 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 Parcels PCL Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Thai Parcels PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Thai Parcels 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 -8.24% mean?
Thai Parcels PCL (BKK:TPL) has a Return-on-Tangible-Asset of -8.24% 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 Parcels PCL and its competitors. According to the industry distribution chart, Thai Parcels PCL ranks #940 out of 1011 companies in the Transportation industry, placing it in the top 93%.
Is Thai Parcels PCL's Return-on-Tangible-Asset too high?
Thai Parcels PCL's current Return-on-Tangible-Asset is -8.24%. Based on the distribution chart, Thai Parcels PCL ranks #940 out of 1011 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Thai Parcels PCL has a GF Score™ of 31/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Thai Parcels PCL's Return-on-Tangible-Asset compare to UPS and FDX?
According to the Transportation industry distribution chart, Thai Parcels PCL ranks #940 out of 1011 companies for Return-on-Tangible-Asset. This places Thai Parcels PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.76. 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 Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.76, based on 1,011 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. 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 Parcels PCL and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Parcels PCL's current Return-on-Tangible-Asset is -8.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Parcels PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Parcels PCL (BKK:TPL) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.74, compared to a current price of ฿0.51 — trading 31.1% below its estimated fair value. The current Return-on-Tangible-Asset is -8.24%. Thai Parcels PCL's overall GF Score™ is 31/100 with 5 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 Parcels PCL (BKK:TPL), the current Return-on-Tangible-Asset is -8.24% 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 Parcels PCL (BKK:TPL) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Parcels PCL stock appears to be undervalued.
The current stock price of ฿0.51 is trading 31.1% below its estimated GF Value™ of ฿0.74.
GuruFocus considers Thai Parcels PCL to be Possible Value Trap.
Key valuation signals for BKK:TPL:
Return-on-Tangible-Asset: -8.24%
GF Value™: ฿0.74 vs. price of ฿0.51 (31.1% below fair value)
No single metric tells the full story. See the BKK:TPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Parcels PCL is engaged in the provision of freight transportation, cargo handling, and warehousing services. The Group also provides various forms of passenger transportation services catering to both industrial and tourism sectors. Its segments include the core business of transportation and handling services for goods, as well as warehousing, which generates the maximum revenue. In addition, the Company provides various types of non-scheduled passenger transportation services specifically focused on the tourism sector, as well as non-scheduled passenger transportation services that cater exclusively to the industrial sector. The Company operates in Thailand only.
31GF Score
Get the complete analysis for BKK:TPL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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