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. Unimit Engineering PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿-27.2 Mil. Unimit Engineering PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿1,239.2 Mil. Therefore, Unimit Engineering PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -2.20%.
The historical rank and industry rank for Unimit Engineering PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:UEC-R'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.5 Med: -0.12 Max: 7.26
Current: -6.02
During the past 13 years, Unimit Engineering PCL's highest Return-on-Tangible-Asset was 7.26%. The lowest was -9.50%. And the median was -0.12%.
BKK:UEC-R's Return-on-Tangible-Asset is ranked worse than 87.72% of 635
companies
in the Steel industry
Industry Median: 1.97
vs BKK:UEC-R: -6.02
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.
Unimit Engineering PCL Return-on-Tangible-Asset Related Terms
Unimit Engineering PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Unimit Engineering 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:UEC-R vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Unimit Engineering 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.
Unimit Engineering PCL Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Unimit Engineering PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Unimit Engineering 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 -2.20% mean?
Unimit Engineering PCL (BKK:UEC-R) has a Return-on-Tangible-Asset of -2.20% 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 Unimit Engineering PCL and its competitors. According to the industry distribution chart, Unimit Engineering PCL ranks #557 out of 635 companies in the Steel industry, placing it in the top 87.7%.
Is Unimit Engineering PCL's Return-on-Tangible-Asset too high?
Unimit Engineering PCL's current Return-on-Tangible-Asset is -2.20%. Based on the distribution chart, Unimit Engineering PCL ranks #557 out of 635 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Unimit Engineering PCL has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Unimit Engineering PCL's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Unimit Engineering PCL ranks #557 out of 635 companies for Return-on-Tangible-Asset. This places Unimit Engineering PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.97. 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 1.97, based on 635 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 Unimit Engineering PCL and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Unimit Engineering PCL's current Return-on-Tangible-Asset is -2.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unimit Engineering PCL stock overvalued right now?
Unimit Engineering PCL (BKK:UEC-R) has a current Return-on-Tangible-Asset of -2.20%. The stock's GF Value™ is ฿0.58, compared to a current price of ฿0.62 — trading 6.9% above its estimated fair value. The current Return-on-Tangible-Asset is -2.20%. Unimit Engineering PCL's overall GF Score™ is 49/100 with 8 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 Unimit Engineering PCL (BKK:UEC-R), the current Return-on-Tangible-Asset is -2.20% 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 Unimit Engineering PCL (BKK:UEC-R) Overvalued in 2026?
Based on GuruFocus' analysis, Unimit Engineering PCL stock appears to be overvalued.
The current stock price of ฿0.62 is trading 6.9% above its estimated GF Value™ of ฿0.58.
Key valuation signals for BKK:UEC-R:
Return-on-Tangible-Asset: -2.20%
GF Value™: ฿0.58 vs. price of ฿0.62 (6.9% above fair value)
No single metric tells the full story. See the BKK:UEC-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Unimit Engineering PCL is engaged in designing, shop fabrication, field installation, and erection of steel products and construction works such as pressurized equipment and vessels, non-pressure storage, mechanical parts, and piping systems. Its products include Pressure Vessels; Machinery Parts; Storage Tanks; Structure/Piping; and Mechanical Installation. The Group is principally engaged in the steel products. Geographically, the company derives maximum revenue from the domestic market and also exports its products to other regions.
49GF Score
Get the complete analysis for BKK:UEC-R
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:UEC-R has been successfully added to your 
