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Union Pioneer PCLBKK:UPF 59 Return-on-Tangible-Asset is 2.38% as of Mar. 2026, which is 41% below its 10-year median of 4.02. GuruFocus rates BKK:UPF with a GF Score™ of 59/100 and a GF Value™ of ฿29.40 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,068 Manufacturing - Apparel & Accessories companies, Union Pioneer PCL ranks worse than 75.84% 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 Pioneer PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿11.2 Mil. Union Pioneer PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿469.4 Mil. Therefore, Union Pioneer PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.38%.
The historical rank and industry rank for Union Pioneer PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:UPF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.19 Med: 4.02 Max: 13.24
Current: -1.81
During the past 13 years, Union Pioneer PCL's highest Return-on-Tangible-Asset was 13.24%. The lowest was -3.19%. And the median was 4.02%.
BKK:UPF's Return-on-Tangible-Asset is ranked worse than 75.84% of 1068
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.995
vs BKK:UPF: -1.81
Union Pioneer PCL (BKK:UPF) 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 Pioneer PCL Return-on-Tangible-Asset Related Terms
Union Pioneer PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Union Pioneer 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:UPF vs AIN: Return-on-Tangible-Asset Comparison
For the Textile Manufacturing subindustry, Union Pioneer 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 Pioneer PCL Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Union Pioneer PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Union Pioneer 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 2.38% mean?
Union Pioneer PCL (BKK:UPF) has a Return-on-Tangible-Asset of 2.38% 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 Pioneer PCL and its competitors. This is 41% below median its historical median of 4.02. According to the industry distribution chart, Union Pioneer PCL ranks #810 out of 1068 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 75.8%.
Is Union Pioneer PCL's Return-on-Tangible-Asset too high?
Union Pioneer PCL's current Return-on-Tangible-Asset of 2.38% is 41% below median its 10-year median of 4.02. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 2.00. Union Pioneer PCL's value of 2.38% is 19.3% above this industry median. Based on the distribution chart, Union Pioneer PCL ranks #810 out of 1068 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Union Pioneer PCL has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Union Pioneer PCL's Return-on-Tangible-Asset compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Union Pioneer PCL ranks #810 out of 1068 companies for Return-on-Tangible-Asset. This places Union Pioneer PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.00. Union Pioneer PCL's value of 2.38% is 19.3% above this benchmark. While the company's 10-year median is 4.02 vs. the industry median of 2.00, Union Pioneer 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 2.00, based on 1,068 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 Pioneer PCL's current Return-on-Tangible-Asset of 2.38% is 19.3% 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 Pioneer PCL and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Pioneer PCL's current Return-on-Tangible-Asset is 2.38%, which is 41% below median its own 10-year median of 4.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Pioneer PCL stock overvalued right now?
Based on GuruFocus' analysis, Union Pioneer PCL (BKK:UPF) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿29.40, compared to a current price of ฿21.80 — trading 25.9% below its estimated fair value. The current Return-on-Tangible-Asset is 2.38%, which is 41% below median its 10-year median of 4.02 and 19.3% above the Manufacturing - Apparel & Accessories industry median of 2.00. Union Pioneer PCL's overall GF Score™ is 59/100 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 Pioneer PCL (BKK:UPF), the current Return-on-Tangible-Asset is 2.38% 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 Pioneer PCL (BKK:UPF) Overvalued in 2026?
Based on GuruFocus' analysis, Union Pioneer PCL stock appears to be undervalued.
The current stock price of ฿21.80 is trading 25.9% below its estimated GF Value™ of ฿29.40.
GuruFocus considers Union Pioneer PCL to be Modestly Undervalued.
Key valuation signals for BKK:UPF:
Return-on-Tangible-Asset: 2.38% (41% below median its 10-year median of 4.02)
GF Value™: ฿29.40 vs. price of ฿21.80 (25.9% below fair value)
Industry Position: 19.3% above the Manufacturing - Apparel & Accessories median (#810 of 1068)
No single metric tells the full story. See the BKK:UPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Union Pioneer PCL is principally engaged in the manufacture and distribution of finished elastic products. It offers products such as Rubber thread and tape, Elastic braid, Elastic webbing and crochet, and covering yarn, among other products. The majority of the company's products are the raw materials for other products, such as the baby-adult diaper industry, garment industry, or other uses, depending on the nature of the business of the customers. Geographically, the company derives revenue from Thailand, the United States, and other countries.
59GF Score
Get the complete analysis for BKK:UPF
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