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Tata Steel Thailand PCLBKK:TSTH 55 Return-on-Tangible-Asset is 11.23% as of Jun. 2026, which is 193% above its 10-year median of 3.83. GuruFocus rates BKK:TSTH with a GF Score™ of 55/100 and a GF Value™ of ฿0.76 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 634 Steel companies, Tata Steel Thailand PCL ranks better than 95.27% 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. Tata Steel Thailand PCL's annualizedNet Income for the quarter that ended in Jun. 2026 was ฿1,639 Mil. Tata Steel Thailand PCL's average total tangible assets for the quarter that ended in Jun. 2026 was ฿14,599 Mil. Therefore, Tata Steel Thailand PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 11.23%.
The historical rank and industry rank for Tata Steel Thailand PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:TSTH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.11 Med: 3.83 Max: 24.17
Current: 14.09
During the past 13 years, Tata Steel Thailand PCL's highest Return-on-Tangible-Asset was 24.17%. The lowest was -2.11%. And the median was 3.83%.
BKK:TSTH's Return-on-Tangible-Asset is ranked better than 95.27% of 634
companies
in the Steel industry
Industry Median: 2.095
vs BKK:TSTH: 14.09
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.
Tata Steel Thailand PCL Return-on-Tangible-Asset Related Terms
Tata Steel Thailand PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tata Steel 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.
BKK:TSTH vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Tata Steel 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.
Tata Steel Thailand PCL Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Tata Steel Thailand PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tata Steel 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 11.23% mean?
Tata Steel Thailand PCL (BKK:TSTH) has a Return-on-Tangible-Asset of 11.23% 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 Tata Steel Thailand PCL and its competitors. This is 193% above median its historical median of 3.83. According to the industry distribution chart, Tata Steel Thailand PCL ranks #30 out of 634 companies in the Steel industry, placing it in the top 4.7%.
Is Tata Steel Thailand PCL's Return-on-Tangible-Asset too high?
Tata Steel Thailand PCL's current Return-on-Tangible-Asset of 11.23% is 193% above median its 10-year median of 3.83. The Steel industry median Return-on-Tangible-Asset is 2.10. Tata Steel Thailand PCL's value of 11.23% is 436% above this industry median. Based on the distribution chart, Tata Steel Thailand PCL ranks #30 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Tata Steel Thailand PCL has a GF Score™ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tata Steel Thailand PCL's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Tata Steel Thailand PCL ranks #30 out of 634 companies for Return-on-Tangible-Asset. This places Tata Steel Thailand PCL in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.10. Tata Steel Thailand PCL's value of 11.23% is 436% above this benchmark. While the company's 10-year median is 3.83 vs. the industry median of 2.10, Tata Steel 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.10, based on 634 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. Tata Steel Thailand PCL's current Return-on-Tangible-Asset of 11.23% is 436% 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 Tata Steel Thailand PCL and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tata Steel Thailand PCL's current Return-on-Tangible-Asset is 11.23%, which is 193% above median its own 10-year median of 3.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tata Steel Thailand PCL stock overvalued right now?
Based on GuruFocus' analysis, Tata Steel Thailand PCL (BKK:TSTH) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.76, compared to a current price of ฿0.99 — trading 30.3% above its estimated fair value. The current Return-on-Tangible-Asset is 11.23%, which is 193% above median its 10-year median of 3.83 and 436% above the Steel industry median of 2.10. Tata Steel Thailand PCL's overall GF Score™ is 55/100 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 Tata Steel Thailand PCL (BKK:TSTH), the current Return-on-Tangible-Asset is 11.23% 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 Tata Steel Thailand PCL (BKK:TSTH) Overvalued in 2026?
Based on GuruFocus' analysis, Tata Steel Thailand PCL stock appears to be overvalued.
The current stock price of ฿0.99 is trading 30.3% above its estimated GF Value™ of ฿0.76.
GuruFocus considers Tata Steel Thailand PCL to be Modestly Overvalued.
Key valuation signals for BKK:TSTH:
Return-on-Tangible-Asset: 11.23% (193% above median its 10-year median of 3.83)
GF Value™: ฿0.76 vs. price of ฿0.99 (30.3% above fair value)
Industry Position: 436% above the Steel median (#30 of 634)
No single metric tells the full story. See the BKK:TSTH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tata Steel Thailand PCL is a Thailand-based holding company that is engaged in investing in other companies and providing management services. The company is engaged in manufacturing, rendering manufacturing services, distributing, and trading of steel bars, wire rods, and small-section products through its subsidiaries. The company operates in a single segment, being the Manufacturing and distribution of long steel products. Its product line includes rebar, deformed bar, round bar, cut and bend bars, wire rods, including high carbon wire rods and low carbon, special wire rods, and others.
55GF Score
Get the complete analysis for BKK:TSTH
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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