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V.L. Enterprise PCLBKK:VL 42 Return-on-Tangible-Asset is 5.31% as of Mar. 2026, which is 26% above its 10-year median of 4.21. GuruFocus rates BKK:VL with a GF Score™ of 42/100 and a GF Value™ of ฿0.89 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,009 Transportation companies, V.L. Enterprise PCL ranks worse than 50.84% 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. V.L. Enterprise PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿78.8 Mil. V.L. Enterprise PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿1,484.0 Mil. Therefore, V.L. Enterprise PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.31%.
The historical rank and industry rank for V.L. Enterprise PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:VL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.22 Med: 4.21 Max: 5.38
Current: 3.67
During the past 9 years, V.L. Enterprise PCL's highest Return-on-Tangible-Asset was 5.38%. The lowest was 1.22%. And the median was 4.21%.
BKK:VL's Return-on-Tangible-Asset is ranked worse than 50.84% of 1009
companies
in the Transportation industry
Industry Median: 3.76
vs BKK:VL: 3.67
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.
V.L. Enterprise PCL Return-on-Tangible-Asset Related Terms
V.L. Enterprise PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for V.L. Enterprise 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.
For the Marine Shipping subindustry, V.L. Enterprise 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.
V.L. Enterprise PCL Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, V.L. Enterprise PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where V.L. Enterprise 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 5.31% mean?
V.L. Enterprise PCL (BKK:VL) has a Return-on-Tangible-Asset of 5.31% 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 V.L. Enterprise PCL and its competitors. This is 26% above median its historical median of 4.21. Over the past decade, V.L. Enterprise PCL's Return-on-Tangible-Asset has ranged from 1.22 to 5.38. According to the industry distribution chart, V.L. Enterprise PCL ranks #513 out of 1009 companies in the Transportation industry, placing it in the top 50.8%.
Is V.L. Enterprise PCL's Return-on-Tangible-Asset too high?
V.L. Enterprise PCL's current Return-on-Tangible-Asset of 5.31% is 26% above median its 10-year median of 4.21. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 5.38. The Transportation industry median Return-on-Tangible-Asset is 3.76. V.L. Enterprise PCL's value of 5.31% is 41.2% above this industry median. Based on the distribution chart, V.L. Enterprise PCL ranks #513 out of 1009 companies in the Transportation industry, which is below the industry midpoint. Overall, V.L. Enterprise PCL has a GF Score™ of 42/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does V.L. Enterprise PCL's Return-on-Tangible-Asset compare to competitors?
According to the Transportation industry distribution chart, V.L. Enterprise PCL ranks #513 out of 1009 companies for Return-on-Tangible-Asset. This places V.L. Enterprise PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.76. V.L. Enterprise PCL's value of 5.31% is 41.2% above this benchmark. Historically, V.L. Enterprise PCL's own Return-on-Tangible-Asset has ranged from 1.22 to 5.38 over the past decade. While the company's 10-year median is 4.21 vs. the industry median of 3.76, V.L. Enterprise 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 Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.76, based on 1,009 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. V.L. Enterprise PCL's current Return-on-Tangible-Asset of 5.31% is 41.2% 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 V.L. Enterprise PCL and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. V.L. Enterprise PCL's current Return-on-Tangible-Asset is 5.31%, which is 26% above median its own 10-year median of 4.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is V.L. Enterprise PCL stock overvalued right now?
Based on GuruFocus' analysis, V.L. Enterprise PCL (BKK:VL) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.89, compared to a current price of ฿0.81 — trading 9% below its estimated fair value. The current Return-on-Tangible-Asset is 5.31%, which is 26% above median its 10-year median of 4.21 and 41.2% above the Transportation industry median of 3.76. V.L. Enterprise PCL's overall GF Score™ is 42/100 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 V.L. Enterprise PCL (BKK:VL), the current Return-on-Tangible-Asset is 5.31% 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 V.L. Enterprise PCL (BKK:VL) Overvalued in 2026?
Based on GuruFocus' analysis, V.L. Enterprise PCL stock appears to be undervalued.
The current stock price of ฿0.81 is trading 9% below its estimated GF Value™ of ฿0.89.
GuruFocus considers V.L. Enterprise PCL to be Fairly Valued.
Key valuation signals for BKK:VL:
Return-on-Tangible-Asset: 5.31% (26% above median its 10-year median of 4.21)
GF Value™: ฿0.89 vs. price of ฿0.81 (9% below fair value)
Industry Position: 41.2% above the Transportation median (#513 of 1009)
No single metric tells the full story. See the BKK:VL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
V.L. Enterprise PCL operates a tanker fleet business and provides logistical cargo shipping locally and regionally. It manages the business of transportation services for petroleum and chemical products, covering both domestic and international cargo. The company's operating segment is the oil tanker fleet transportation service. Geographically, the company provides freight services in both domestic and international shipping services in Southeast Asia, generating a vast majority of its revenues from domestic freight charges.
42GF Score
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