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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 Wire Products PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿-6 Mil. Thai Wire Products PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿1,708 Mil. Therefore, Thai Wire Products PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -0.37%.
The historical rank and industry rank for Thai Wire Products PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:TWP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.58 Med: 0.15 Max: 7.22
Current: -1.05
During the past 13 years, Thai Wire Products PCL's highest Return-on-Tangible-Asset was 7.22%. The lowest was -5.58%. And the median was 0.15%.
BKK:TWP's Return-on-Tangible-Asset is ranked worse than 74.13% of 634
companies
in the Steel industry
Industry Median: 2.125
vs BKK:TWP: -1.05
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 Wire Products PCL Return-on-Tangible-Asset Related Terms
Thai Wire Products PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Thai Wire Products 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:TWP vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Thai Wire Products 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 Wire Products PCL Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Thai Wire Products PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Thai Wire Products 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 -0.37% mean?
Thai Wire Products PCL (BKK:TWP) has a Return-on-Tangible-Asset of -0.37% 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 Wire Products PCL and its competitors. According to the industry distribution chart, Thai Wire Products PCL ranks #470 out of 634 companies in the Steel industry, placing it in the top 74.1%.
Is Thai Wire Products PCL's Return-on-Tangible-Asset too high?
Thai Wire Products PCL's current Return-on-Tangible-Asset is -0.37%. Based on the distribution chart, Thai Wire Products PCL ranks #470 out of 634 companies in the Steel industry, which is below the industry midpoint. Overall, Thai Wire Products PCL has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thai Wire Products PCL's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Thai Wire Products PCL ranks #470 out of 634 companies for Return-on-Tangible-Asset. This places Thai Wire Products PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.13. 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 2.13, 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. 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 Wire Products PCL and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Wire Products PCL's current Return-on-Tangible-Asset is -0.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Wire Products PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Wire Products PCL (BKK:TWP) is currently considered Fairly Valued. The stock's GF Value™ is ฿1.18, compared to a current price of ฿1.16 — trading 1.7% below its estimated fair value. The current Return-on-Tangible-Asset is -0.37%. Thai Wire Products PCL's overall GF Score™ is 62/100 with 3 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 Wire Products PCL (BKK:TWP), the current Return-on-Tangible-Asset is -0.37% 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 Wire Products PCL (BKK:TWP) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Wire Products PCL stock appears to be undervalued.
The current stock price of ฿1.16 is trading 1.7% below its estimated GF Value™ of ฿1.18.
GuruFocus considers Thai Wire Products PCL to be Fairly Valued.
Key valuation signals for BKK:TWP:
Return-on-Tangible-Asset: -0.37%
GF Value™: ฿1.18 vs. price of ฿1.16 (1.7% below fair value)
No single metric tells the full story. See the BKK:TWP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Wire Products PCL is a Thailand-based manufacturer and seller of high-tensile steel wire (prestressed concrete wire) for the construction industry. Additionally, its product offerings also include galvanized steel wire, cold drawn steel wire, hard drawn steel wire, ordinary low carbon steel wire, etc. Geographically, the company generates maximum revenue from its domestic region and also has some exposure to overseas markets.
62GF Score
Get the complete analysis for BKK:TWP
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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