Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Union Petrochemical PCLBKK:UKEM-R -3.03%48 Return-on-Tangible-Asset is 48.26% as of Jun. 2026, which is 1442% above its 10-year median of 3.13. GuruFocus rates BKK:UKEM-R with a GF Score™ of 48/100 and a GF Value™ of ฿0.83 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,618 Chemicals companies, Union Petrochemical PCL ranks better than 97.78% 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. Union Petrochemical PCL's annualizedNet Income for the quarter that ended in Jun. 2026 was ฿955 Mil. Union Petrochemical PCL's average total tangible assets for the quarter that ended in Jun. 2026 was ฿1,978 Mil. Therefore, Union Petrochemical PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 48.26%.
The historical rank and industry rank for Union Petrochemical PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:UKEM-R'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.26 Med: 3.13 Max: 19.8
Current: 19.8
During the past 13 years, Union Petrochemical PCL's highest Return-on-Tangible-Asset was 19.80%. The lowest was -3.26%. And the median was 3.13%.
BKK:UKEM-R's Return-on-Tangible-Asset is ranked better than 97.78% of 1618
companies
in the Chemicals industry
Industry Median: 3.62
vs BKK:UKEM-R: 19.80
Union Petrochemical PCL (BKK:UKEM-R) Return-on-Tangible-Asset Explanation
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.
Union Petrochemical PCL Return-on-Tangible-Asset Related Terms
Union Petrochemical PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Union Petrochemical 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.
Union Petrochemical PCL Return-on-Tangible-Asset Chart
BKK:UKEM-R vs DOW: Return-on-Tangible-Asset Comparison
For the Chemicals subindustry, Union Petrochemical 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.
Union Petrochemical PCL Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Union Petrochemical PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Union Petrochemical 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 48.26% mean?
Union Petrochemical PCL (BKK:UKEM-R) has a Return-on-Tangible-Asset of 48.26% 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 Union Petrochemical PCL and its competitors. This is 1442% above median its historical median of 3.13. According to the industry distribution chart, Union Petrochemical PCL ranks #36 out of 1618 companies in the Chemicals industry, placing it in the top 2.2%.
Is Union Petrochemical PCL's Return-on-Tangible-Asset too high?
Union Petrochemical PCL's current Return-on-Tangible-Asset of 48.26% is 1442% above median its 10-year median of 3.13. The Chemicals industry median Return-on-Tangible-Asset is 3.62. Union Petrochemical PCL's value of 48.26% is 1233.1% above this industry median. Based on the distribution chart, Union Petrochemical PCL ranks #36 out of 1618 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Union Petrochemical PCL has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Union Petrochemical PCL's Return-on-Tangible-Asset compare to DOW?
According to the Chemicals industry distribution chart, Union Petrochemical PCL ranks #36 out of 1618 companies for Return-on-Tangible-Asset. This places Union Petrochemical PCL in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.62. Union Petrochemical PCL's value of 48.26% is 1233.1% above this benchmark. While the company's 10-year median is 3.13 vs. the industry median of 3.62, Union Petrochemical 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.62, based on 1,618 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. Union Petrochemical PCL's current Return-on-Tangible-Asset of 48.26% is 1233.1% 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 Union Petrochemical PCL and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Petrochemical PCL's current Return-on-Tangible-Asset is 48.26%, which is 1442% above median its own 10-year median of 3.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Petrochemical PCL stock overvalued right now?
Based on GuruFocus' analysis, Union Petrochemical PCL (BKK:UKEM-R) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.83, compared to a current price of ฿1.56 — trading 87.8% above its estimated fair value. The current Return-on-Tangible-Asset is 48.26%, which is 1442% above median its 10-year median of 3.13 and 1233.1% above the Chemicals industry median of 3.62. Union Petrochemical PCL's overall GF Score™ is 48/100 with 5 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 Union Petrochemical PCL (BKK:UKEM-R), the current Return-on-Tangible-Asset is 48.26% 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 Union Petrochemical PCL (BKK:UKEM-R) Overvalued in 2026?
Based on GuruFocus' analysis, Union Petrochemical PCL stock appears to be overvalued.
The current stock price of ฿1.56 is trading 87.8% above its estimated GF Value™ of ฿0.83.
GuruFocus considers Union Petrochemical PCL to be Significantly Overvalued.
Key valuation signals for BKK:UKEM-R:
Return-on-Tangible-Asset: 48.26% (1442% above median its 10-year median of 3.13)
GF Value™: ฿0.83 vs. price of ฿1.56 (87.8% above fair value)
Industry Position: 1233.1% above the Chemicals median (#36 of 1618)
No single metric tells the full story. See the BKK:UKEM-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Union Petrochemical PCL is principally engaged in the import and distribution of chemical products. The company is organized into three reportable segments: Commodity Chemicals segment, Specialty Chemicals segment, and Other segment. Some of its products are Methanol, Isopropyl alcohol, isobutyl alcohol, N-Butanol, Solvents 3040, Toluene, Mixed Xylene, Solvesso 100 Fluid, Solvesso 150 fluid, Solvesso 150 fluid, Butyl Acetate, Ethyl Acetate and Butyl, among others. The company has diversified into the logistics and storage sector. The group operates solely in Thailand and derives key revenue from the Commodity chemicals segment. The Group's business is operated in Thailand.
48GF Score
Get the complete analysis for BKK:UKEM-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:UKEM-R has been successfully added to your 
