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 Plastic PCLBKK:UP -1.26%71 Return-on-Tangible-Asset is 34.72% as of Mar. 2026, which is 715% above its 10-year median of 4.26. GuruFocus rates BKK:UP with a GF Score™ of 71/100 and a GF Value™ of ฿16.77 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,331 Vehicles & Parts companies, Union Plastic PCL ranks better than 81.37% 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 Plastic PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿277.8 Mil. Union Plastic PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿800.0 Mil. Therefore, Union Plastic PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 34.72%.
The historical rank and industry rank for Union Plastic PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:UP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.45 Med: 4.26 Max: 8.18
Current: 8.18
During the past 13 years, Union Plastic PCL's highest Return-on-Tangible-Asset was 8.18%. The lowest was -5.45%. And the median was 4.26%.
BKK:UP's Return-on-Tangible-Asset is ranked better than 81.37% of 1331
companies
in the Vehicles & Parts industry
Industry Median: 3.17
vs BKK:UP: 8.18
Union Plastic PCL (BKK:UP) 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 Plastic PCL Return-on-Tangible-Asset Related Terms
Union Plastic PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Union Plastic 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:UP vs ORLY, AZO: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Union Plastic 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 Plastic PCL Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Union Plastic PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Union Plastic 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 34.72% mean?
Union Plastic PCL (BKK:UP) has a Return-on-Tangible-Asset of 34.72% 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 Union Plastic PCL and its competitors. This is 715% above median its historical median of 4.26. According to the industry distribution chart, Union Plastic PCL ranks #248 out of 1331 companies in the Vehicles & Parts industry, placing it in the top 18.6%.
Is Union Plastic PCL's Return-on-Tangible-Asset too high?
Union Plastic PCL's current Return-on-Tangible-Asset of 34.72% is 715% above median its 10-year median of 4.26. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.17. Union Plastic PCL's value of 34.72% is 995.3% above this industry median. Based on the distribution chart, Union Plastic PCL ranks #248 out of 1331 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Union Plastic PCL has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Union Plastic PCL's Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Union Plastic PCL ranks #248 out of 1331 companies for Return-on-Tangible-Asset. This places Union Plastic PCL in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.17. Union Plastic PCL's value of 34.72% is 995.3% above this benchmark. While the company's 10-year median is 4.26 vs. the industry median of 3.17, Union Plastic 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.17, based on 1,331 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 Plastic PCL's current Return-on-Tangible-Asset of 34.72% is 995.3% 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 Plastic PCL and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Plastic PCL's current Return-on-Tangible-Asset is 34.72%, which is 715% above median its own 10-year median of 4.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Plastic PCL stock overvalued right now?
Based on GuruFocus' analysis, Union Plastic PCL (BKK:UP) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿16.77, compared to a current price of ฿23.50 — trading 40.1% above its estimated fair value. The current Return-on-Tangible-Asset is 34.72%, which is 715% above median its 10-year median of 4.26 and 995.3% above the Vehicles & Parts industry median of 3.17. Union Plastic PCL's overall GF Score™ is 71/100 with 4 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 Plastic PCL (BKK:UP), the current Return-on-Tangible-Asset is 34.72% 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 Union Plastic PCL (BKK:UP) Overvalued in 2026?
Based on GuruFocus' analysis, Union Plastic PCL stock appears to be overvalued.
The current stock price of ฿23.50 is trading 40.1% above its estimated GF Value™ of ฿16.77.
GuruFocus considers Union Plastic PCL to be Significantly Overvalued.
Key valuation signals for BKK:UP:
Return-on-Tangible-Asset: 34.72% (715% above median its 10-year median of 4.26)
GF Value™: ฿16.77 vs. price of ฿23.50 (40.1% above fair value)
Industry Position: 995.3% above the Vehicles & Parts median (#248 of 1331)
No single metric tells the full story. See the BKK:UP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Union Plastic PCL is engaged in the manufacturing and distribution of thermoplastics. The company is also involved in the contract manufacture and repair of molds. The reportable segments of company are Manufacture and distribution of thermoplastics and Contract manufacture and repair of molds. The group generates a majority of its revenue from the manufacture and distribution of thermoplastics business.
71GF Score
Get the complete analysis for BKK:UP
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:UP has been successfully added to your 
