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The Practical Solution PCLBKK:TPS 87 Return-on-Tangible-Asset is 4.55% as of Mar. 2026, which is 56% below its 10-year median of 10.25. GuruFocus rates BKK:TPS with a GF Score™ of 87/100 and a GF Value™ of ฿3.17 (Fairly Valued). The stock has 6 warning signs investors should review. Among 2,892 Software companies, The Practical Solution PCL ranks better than 76.31% 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. The Practical Solution PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿66 Mil. The Practical Solution PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿1,459 Mil. Therefore, The Practical Solution PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.55%.
The historical rank and industry rank for The Practical Solution PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:TPS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.58 Med: 10.25 Max: 16.57
Current: 10.06
During the past 10 years, The Practical Solution PCL's highest Return-on-Tangible-Asset was 16.57%. The lowest was 5.58%. And the median was 10.25%.
BKK:TPS's Return-on-Tangible-Asset is ranked better than 76.31% of 2892
companies
in the Software industry
Industry Median: 2.05
vs BKK:TPS: 10.06
The Practical Solution PCL (BKK:TPS) 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.
The Practical Solution PCL Return-on-Tangible-Asset Related Terms
The Practical Solution PCL Return-on-Tangible-Asset Historical Data
* 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.
The Practical Solution PCL Return-on-Tangible-Asset Chart
BKK:TPS vs IBM, ACN, FISV: Return-on-Tangible-Asset Comparison
For the Information Technology Services subindustry, The Practical Solution 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.
The Practical Solution PCL Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, The Practical Solution PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where The Practical Solution 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 4.55% mean?
The Practical Solution PCL (BKK:TPS) has a Return-on-Tangible-Asset of 4.55% 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 The Practical Solution PCL and its competitors. This is 56% below median its historical median of 10.25. Over the past decade, The Practical Solution PCL's Return-on-Tangible-Asset has ranged from 5.58 to 16.57. According to the industry distribution chart, The Practical Solution PCL ranks #685 out of 2892 companies in the Software industry, placing it in the top 23.7%.
Is The Practical Solution PCL's Return-on-Tangible-Asset too high?
The Practical Solution PCL's current Return-on-Tangible-Asset of 4.55% is 56% below median its 10-year median of 10.25. Over the past 10 years, this metric has ranged from a low of 5.58 to a high of 16.57. The Software industry median Return-on-Tangible-Asset is 2.05. The Practical Solution PCL's value of 4.55% is 122% above this industry median. Based on the distribution chart, The Practical Solution PCL ranks #685 out of 2892 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, The Practical Solution PCL has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The Practical Solution PCL's Return-on-Tangible-Asset compare to IBM and ACN?
According to the Software industry distribution chart, The Practical Solution PCL ranks #685 out of 2892 companies for Return-on-Tangible-Asset. This places The Practical Solution PCL in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.05. The Practical Solution PCL's value of 4.55% is 122% above this benchmark. Historically, The Practical Solution PCL's own Return-on-Tangible-Asset has ranged from 5.58 to 16.57 over the past decade. While the company's 10-year median is 10.25 vs. the industry median of 2.05, The Practical Solution 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.05, based on 2,892 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. The Practical Solution PCL's current Return-on-Tangible-Asset of 4.55% is 122% 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 The Practical Solution PCL and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Practical Solution PCL's current Return-on-Tangible-Asset is 4.55%, which is 56% below median its own 10-year median of 10.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Practical Solution PCL stock overvalued right now?
Based on GuruFocus' analysis, The Practical Solution PCL (BKK:TPS) is currently considered Fairly Valued. The stock's GF Value™ is ฿3.17, compared to a current price of ฿3.18 — trading 0.3% above its estimated fair value. The current Return-on-Tangible-Asset is 4.55%, which is 56% below median its 10-year median of 10.25 and 122% above the Software industry median of 2.05. The Practical Solution PCL's overall GF Score™ is 87/100 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 The Practical Solution PCL (BKK:TPS), the current Return-on-Tangible-Asset is 4.55% 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 The Practical Solution PCL (BKK:TPS) Overvalued in 2026?
Based on GuruFocus' analysis, The Practical Solution PCL stock appears to be overvalued.
The current stock price of ฿3.18 is trading 0.3% above its estimated GF Value™ of ฿3.17.
GuruFocus considers The Practical Solution PCL to be Fairly Valued.
Key valuation signals for BKK:TPS:
Return-on-Tangible-Asset: 4.55% (56% below median its 10-year median of 10.25)
GF Value™: ฿3.17 vs. price of ฿3.18 (0.3% above fair value)
Industry Position: 122% above the Software median (#685 of 2892)
No single metric tells the full story. See the BKK:TPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Practical Solution PCL is engaged in the distribution and installation of computer network systems, fully integrated communication systems, wireless communication systems, network security systems, data center solutions and management systems, and network system management, including providing maintenance services related to such systems. The firm operates in the segments of Sales including installment, Maintenance services, Construction, and Others. The majority of revenue is from sales including installment segment. Geographically, it operates in Thailand only.
87GF Score
Get the complete analysis for BKK:TPS
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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