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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. Vanachai Group PCL's annualizedNet Income for the quarter that ended in Jun. 2026 was ฿-623 Mil. Vanachai Group PCL's average total tangible assets for the quarter that ended in Jun. 2026 was ฿18,451 Mil. Therefore, Vanachai Group PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -3.38%.
The historical rank and industry rank for Vanachai Group PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:VNG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.2 Med: 0.71 Max: 11.46
Current: -5.16
During the past 13 years, Vanachai Group PCL's highest Return-on-Tangible-Asset was 11.46%. The lowest was -7.20%. And the median was 0.71%.
BKK:VNG's Return-on-Tangible-Asset is ranked worse than 80.49% of 287
companies
in the Forest Products industry
Industry Median: 0.97
vs BKK:VNG: -5.16
Vanachai Group PCL (BKK:VNG) 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.
Vanachai Group PCL Return-on-Tangible-Asset Related Terms
Vanachai Group PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Vanachai Group 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:VNG vs SSD, UFPI, BCC: Return-on-Tangible-Asset Comparison
For the Lumber & Wood Production subindustry, Vanachai Group 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.
Vanachai Group PCL Return-on-Tangible-Asset vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Vanachai Group PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Vanachai Group 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 -3.38% mean?
Vanachai Group PCL (BKK:VNG) has a Return-on-Tangible-Asset of -3.38% 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 Vanachai Group PCL and its competitors. According to the industry distribution chart, Vanachai Group PCL ranks #231 out of 287 companies in the Forest Products industry, placing it in the top 80.5%.
Is Vanachai Group PCL's Return-on-Tangible-Asset too high?
Vanachai Group PCL's current Return-on-Tangible-Asset is -3.38%. Based on the distribution chart, Vanachai Group PCL ranks #231 out of 287 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Vanachai Group PCL has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vanachai Group PCL's Return-on-Tangible-Asset compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Vanachai Group PCL ranks #231 out of 287 companies for Return-on-Tangible-Asset. This places Vanachai Group PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.97. 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 Forest Products company?
The median Return-on-Tangible-Asset among Forest Products companies is 0.97, based on 287 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 Vanachai Group PCL and its competitors. For the Forest Products industry, the median Return-on-Tangible-Asset is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vanachai Group PCL's current Return-on-Tangible-Asset is -3.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vanachai Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Vanachai Group PCL (BKK:VNG) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.12, compared to a current price of ฿1.96 — trading 7.5% below its estimated fair value. The current Return-on-Tangible-Asset is -3.38%. Vanachai Group PCL's overall GF Score™ is 65/100 with 7 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 Vanachai Group PCL (BKK:VNG), the current Return-on-Tangible-Asset is -3.38% 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 Vanachai Group PCL (BKK:VNG) Overvalued in 2026?
Based on GuruFocus' analysis, Vanachai Group PCL stock appears to be undervalued.
The current stock price of ฿1.96 is trading 7.5% below its estimated GF Value™ of ฿2.12.
GuruFocus considers Vanachai Group PCL to be Fairly Valued.
Key valuation signals for BKK:VNG:
Return-on-Tangible-Asset: -3.38%
GF Value™: ฿2.12 vs. price of ฿1.96 (7.5% below fair value)
No single metric tells the full story. See the BKK:VNG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vanachai Group PCL is a Thailand-based company. The principal activities of the company and its subsidiaries involve the production and distribution of wood plates, MDF boards, Particle boards, Doorskin, and Malamine on wood plates. The company creates wood-based goods such as particleboards, medium-density fiberboards (MDF boards), Doorskin, and melamine laminated particleboards, which are distributed to both domestic and international markets. It also sells finished products that include melamine doors, door frames, resins, formaldehyde adhesives, and finished flooring. The company generates the vast majority of its revenue in Thailand.
65GF Score
Get the complete analysis for BKK:VNG
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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