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Thai Vegetable Oil PCLBKK:TVO +0.92%85 Return-on-Tangible-Asset is 20.77% as of Jun. 2026, which is 49% above its 10-year median of 13.90. GuruFocus rates BKK:TVO with a GF Score™ of 85/100 and a GF Value™ of ฿22.89 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,008 Consumer Packaged Goods companies, Thai Vegetable Oil PCL ranks better than 92.48% 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 Vegetable Oil PCL's annualizedNet Income for the quarter that ended in Jun. 2026 was ฿3,508 Mil. Thai Vegetable Oil PCL's average total tangible assets for the quarter that ended in Jun. 2026 was ฿16,894 Mil. Therefore, Thai Vegetable Oil PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 20.77%.
The historical rank and industry rank for Thai Vegetable Oil PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:TVO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.64 Med: 13.9 Max: 25.69
Current: 16.52
During the past 13 years, Thai Vegetable Oil PCL's highest Return-on-Tangible-Asset was 25.69%. The lowest was 4.64%. And the median was 13.90%.
BKK:TVO's Return-on-Tangible-Asset is ranked better than 92.48% of 2008
companies
in the Consumer Packaged Goods industry
Industry Median: 3.605
vs BKK:TVO: 16.52
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 Vegetable Oil PCL Return-on-Tangible-Asset Related Terms
Thai Vegetable Oil PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Thai Vegetable Oil 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:TVO vs KHC, GIS: Return-on-Tangible-Asset Comparison
For the Packaged Foods subindustry, Thai Vegetable Oil 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 Vegetable Oil PCL Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Vegetable Oil PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Thai Vegetable Oil 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 20.77% mean?
Thai Vegetable Oil PCL (BKK:TVO) has a Return-on-Tangible-Asset of 20.77% 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 Thai Vegetable Oil PCL and its competitors. This is 49% above median its historical median of 13.90. Over the past decade, Thai Vegetable Oil PCL's Return-on-Tangible-Asset has ranged from 4.64 to 25.69. According to the industry distribution chart, Thai Vegetable Oil PCL ranks #151 out of 2008 companies in the Consumer Packaged Goods industry, placing it in the top 7.5%.
Is Thai Vegetable Oil PCL's Return-on-Tangible-Asset too high?
Thai Vegetable Oil PCL's current Return-on-Tangible-Asset of 20.77% is 49% above median its 10-year median of 13.90. Over the past 10 years, this metric has ranged from a low of 4.64 to a high of 25.69. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.61. Thai Vegetable Oil PCL's value of 20.77% is 476.1% above this industry median. Based on the distribution chart, Thai Vegetable Oil PCL ranks #151 out of 2008 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Vegetable Oil PCL has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Vegetable Oil PCL's Return-on-Tangible-Asset compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Thai Vegetable Oil PCL ranks #151 out of 2008 companies for Return-on-Tangible-Asset. This places Thai Vegetable Oil PCL in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.61. Thai Vegetable Oil PCL's value of 20.77% is 476.1% above this benchmark. Historically, Thai Vegetable Oil PCL's own Return-on-Tangible-Asset has ranged from 4.64 to 25.69 over the past decade. While the company's 10-year median is 13.90 vs. the industry median of 3.61, Thai Vegetable Oil 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.61, based on 2,008 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. Thai Vegetable Oil PCL's current Return-on-Tangible-Asset of 20.77% is 476.1% 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 Thai Vegetable Oil PCL and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Vegetable Oil PCL's current Return-on-Tangible-Asset is 20.77%, which is 49% above median its own 10-year median of 13.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Vegetable Oil PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Vegetable Oil PCL (BKK:TVO) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿22.89, compared to a current price of ฿27.50 — trading 20.1% above its estimated fair value. The current Return-on-Tangible-Asset is 20.77%, which is 49% above median its 10-year median of 13.90 and 476.1% above the Consumer Packaged Goods industry median of 3.61. Thai Vegetable Oil PCL's overall GF Score™ is 85/100 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 Thai Vegetable Oil PCL (BKK:TVO), the current Return-on-Tangible-Asset is 20.77% 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 Thai Vegetable Oil PCL (BKK:TVO) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Vegetable Oil PCL stock appears to be overvalued.
The current stock price of ฿27.50 is trading 20.1% above its estimated GF Value™ of ฿22.89.
GuruFocus considers Thai Vegetable Oil PCL to be Modestly Overvalued.
Key valuation signals for BKK:TVO:
Return-on-Tangible-Asset: 20.77% (49% above median its 10-year median of 13.90)
GF Value™: ฿22.89 vs. price of ฿27.50 (20.1% above fair value)
Industry Position: 476.1% above the Consumer Packaged Goods median (#151 of 2008)
No single metric tells the full story. See the BKK:TVO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Vegetable Oil PCL is engaged in the manufacture and distribution of soy meal and soybean oil. The company has three reportable segments, namely, the manufacture and distribution of products from the soybean segment, which derives key revenue and is engaged in the manufacturing and distribution of soy meal and soybean oil; the manufacture and distribution of packaging products; and the Other segment, which is the distribution of consumer products. The company operates in Thailand only.
85GF Score
Get the complete analysis for BKK:TVO
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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