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Thai Wah PCLBKK:TWPC +1.54%78 Return-on-Tangible-Asset is 6.08% as of Mar. 2026, which is 140% above its 10-year median of 2.53. GuruFocus rates BKK:TWPC with a GF Score™ of 78/100 and a GF Value™ of ฿2.93 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,994 Consumer Packaged Goods companies, Thai Wah PCL ranks worse than 56.62% 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 Wah PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿485 Mil. Thai Wah PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿7,976 Mil. Therefore, Thai Wah PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.08%.
The historical rank and industry rank for Thai Wah PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:TWPC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.85 Med: 2.53 Max: 12.18
Current: 2.57
During the past 13 years, Thai Wah PCL's highest Return-on-Tangible-Asset was 12.18%. The lowest was -0.85%. And the median was 2.53%.
BKK:TWPC's Return-on-Tangible-Asset is ranked worse than 56.62% of 1994
companies
in the Consumer Packaged Goods industry
Industry Median: 3.53
vs BKK:TWPC: 2.57
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 Wah PCL Return-on-Tangible-Asset Related Terms
Thai Wah PCL Return-on-Tangible-Asset Historical Data
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The historical data trend for Thai Wah 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:TWPC vs KHC, GIS: Return-on-Tangible-Asset Comparison
For the Packaged Foods subindustry, Thai Wah 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 Wah PCL Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Wah PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Thai Wah 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 6.08% mean?
Thai Wah PCL (BKK:TWPC) has a Return-on-Tangible-Asset of 6.08% 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 Wah PCL and its competitors. This is 140% above median its historical median of 2.53. According to the industry distribution chart, Thai Wah PCL ranks #1129 out of 1994 companies in the Consumer Packaged Goods industry, placing it in the top 56.6%.
Is Thai Wah PCL's Return-on-Tangible-Asset too high?
Thai Wah PCL's current Return-on-Tangible-Asset of 6.08% is 140% above median its 10-year median of 2.53. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.53. Thai Wah PCL's value of 6.08% is 72.2% above this industry median. Based on the distribution chart, Thai Wah PCL ranks #1129 out of 1994 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Thai Wah PCL has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Wah PCL's Return-on-Tangible-Asset compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Thai Wah PCL ranks #1129 out of 1994 companies for Return-on-Tangible-Asset. This places Thai Wah PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.53. Thai Wah PCL's value of 6.08% is 72.2% above this benchmark. While the company's 10-year median is 2.53 vs. the industry median of 3.53, Thai Wah 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 3.53, based on 1,994 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 Wah PCL's current Return-on-Tangible-Asset of 6.08% is 72.2% 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 Thai Wah PCL and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Wah PCL's current Return-on-Tangible-Asset is 6.08%, which is 140% above median its own 10-year median of 2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Wah PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Wah PCL (BKK:TWPC) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.93, compared to a current price of ฿2.64 — trading 9.9% below its estimated fair value. The current Return-on-Tangible-Asset is 6.08%, which is 140% above median its 10-year median of 2.53 and 72.2% above the Consumer Packaged Goods industry median of 3.53. Thai Wah PCL's overall GF Score™ is 78/100 with 7 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 Wah PCL (BKK:TWPC), the current Return-on-Tangible-Asset is 6.08% 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 Wah PCL (BKK:TWPC) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Wah PCL stock appears to be undervalued.
The current stock price of ฿2.64 is trading 9.9% below its estimated GF Value™ of ฿2.93.
GuruFocus considers Thai Wah PCL to be Modestly Undervalued.
Key valuation signals for BKK:TWPC:
Return-on-Tangible-Asset: 6.08% (140% above median its 10-year median of 2.53)
GF Value™: ฿2.93 vs. price of ฿2.64 (9.9% below fair value)
Industry Position: 72.2% above the Consumer Packaged Goods median (#1129 of 1994)
No single metric tells the full story. See the BKK:TWPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Wah PCL is engaged in the manufacture and distribution of vermicelli, tapioca starch and other food products. Its products include Starch & Starch-Related Products such as Tapioca Flour & Starch, Modified Starch, Glucose Syrup, Tapioca Pearl, Alpha Starch, Rice Flour & Starch, and Organic Products; Food Products such as Bean Vermicelli, Rice Noodles, Rice Vermicelli, Starch, Flour And Pearl, and Meal Kit And Instant Noodles. Its segments include the manufacture and distribution of starch, the manufacture and distribution of vermicelli and other food products, and the manufacture and distribution of other agricultural products.
78GF Score
Get the complete analysis for BKK:TWPC
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