TTW PCLBKK:TTW-R 84 Return-on-Tangible-Asset is 11.72% as of Mar. 2026, which is 18% below its 10-year median of 14.31. GuruFocus rates BKK:TTW-R with a GF Score™ of 84/100 and a GF Value™ of ฿8.76. The stock has 2 warning signs investors should review. Among 513 Utilities - Regulated companies, TTW PCL ranks better than 94.35% 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. TTW PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿2,692 Mil. TTW PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿22,969 Mil. Therefore, TTW PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.72%.
The historical rank and industry rank for TTW PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:TTW-R'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.48 Med: 14.31 Max: 15.53
Current: 15.27
During the past 13 years, TTW PCL's highest Return-on-Tangible-Asset was 15.53%. The lowest was 10.48%. And the median was 14.31%.
BKK:TTW-R's Return-on-Tangible-Asset is ranked better than 94.35% of 513
companies
in the Utilities - Regulated industry
Industry Median: 3.3
vs BKK:TTW-R: 15.27
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.
TTW PCL Return-on-Tangible-Asset Related Terms
TTW PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for TTW 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:TTW-R vs AWK, WTRG, AWR: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Water subindustry, TTW 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.
TTW PCL Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, TTW PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TTW 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 11.72% mean?
TTW PCL (BKK:TTW-R) has a Return-on-Tangible-Asset of 11.72% 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 TTW PCL and its competitors. This is 18% below median its historical median of 14.31. Over the past decade, TTW PCL's Return-on-Tangible-Asset has ranged from 10.48 to 15.53. According to the industry distribution chart, TTW PCL ranks #29 out of 513 companies in the Utilities - Regulated industry, placing it in the top 5.7%.
Is TTW PCL's Return-on-Tangible-Asset too high?
TTW PCL's current Return-on-Tangible-Asset of 11.72% is 18% below median its 10-year median of 14.31. Over the past 10 years, this metric has ranged from a low of 10.48 to a high of 15.53. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.30. TTW PCL's value of 11.72% is 255.2% above this industry median. Based on the distribution chart, TTW PCL ranks #29 out of 513 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, TTW PCL has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does TTW PCL's Return-on-Tangible-Asset compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, TTW PCL ranks #29 out of 513 companies for Return-on-Tangible-Asset. This places TTW PCL in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.30. TTW PCL's value of 11.72% is 255.2% above this benchmark. Historically, TTW PCL's own Return-on-Tangible-Asset has ranged from 10.48 to 15.53 over the past decade. While the company's 10-year median is 14.31 vs. the industry median of 3.30, TTW 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 an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.30, based on 513 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. TTW PCL's current Return-on-Tangible-Asset of 11.72% is 255.2% 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 TTW PCL and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TTW PCL's current Return-on-Tangible-Asset is 11.72%, which is 18% below median its own 10-year median of 14.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TTW PCL stock overvalued right now?
TTW PCL (BKK:TTW-R) has a current Return-on-Tangible-Asset of 11.72%. The stock's GF Value™ is ฿8.76, compared to a current price of ฿9.19 — trading 4.9% above its estimated fair value. The current Return-on-Tangible-Asset is 11.72%, which is 18% below median its 10-year median of 14.31 and 255.2% above the Utilities - Regulated industry median of 3.30. TTW PCL's overall GF Score™ is 84/100 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 TTW PCL (BKK:TTW-R), the current Return-on-Tangible-Asset is 11.72% 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 TTW PCL (BKK:TTW-R) Overvalued in 2026?
Based on GuruFocus' analysis, TTW PCL stock appears to be overvalued.
The current stock price of ฿9.19 is trading 4.9% above its estimated GF Value™ of ฿8.76.
Key valuation signals for BKK:TTW-R:
Return-on-Tangible-Asset: 11.72% (18% below median its 10-year median of 14.31)
GF Value™: ฿8.76 vs. price of ฿9.19 (4.9% above fair value)
Industry Position: 255.2% above the Utilities - Regulated median (#29 of 513)
No single metric tells the full story. See the BKK:TTW-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TTW PCL is a Thailand-based company chiefly engaged in the production and sale of treated water to its customers, the Provincial Waterworks Authority (PWA). The company supplies water to certain southern regions of Thailand that include Nakhon Pathom and Samut Sakhon. The subsidiaries of TTW PLC provide production, sale, operation, and maintenance services. The majority of the group's revenue is derived from sales of treated water to public sector agencies, while the rest is derived from private sector agencies and other sources. Geographically, the group operates only in Thailand.
84GF Score
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