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World Flex PCLBKK:WFX +2.06%44 Return-on-Tangible-Asset is 1.87% as of Mar. 2026, which is 228% above its 10-year median of 0.57. GuruFocus rates BKK:WFX with a GF Score™ of 44/100 and a GF Value™ of ฿0.89 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,064 Manufacturing - Apparel & Accessories companies, World Flex PCL ranks worse than 79.51% 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. World Flex PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿43 Mil. World Flex PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿2,287 Mil. Therefore, World Flex PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.87%.
The historical rank and industry rank for World Flex PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:WFX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.16 Med: 0.57 Max: 15.5
Current: -3.08
During the past 7 years, World Flex PCL's highest Return-on-Tangible-Asset was 15.50%. The lowest was -5.16%. And the median was 0.57%.
BKK:WFX's Return-on-Tangible-Asset is ranked worse than 79.51% of 1064
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.025
vs BKK:WFX: -3.08
World Flex PCL (BKK:WFX) 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.
World Flex PCL Return-on-Tangible-Asset Related Terms
World Flex PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for World Flex 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:WFX vs AIN: Return-on-Tangible-Asset Comparison
For the Textile Manufacturing subindustry, World Flex 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.
World Flex PCL Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, World Flex PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where World Flex 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 1.87% mean?
World Flex PCL (BKK:WFX) has a Return-on-Tangible-Asset of 1.87% 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 World Flex PCL and its competitors. This is 228% above median its historical median of 0.57. According to the industry distribution chart, World Flex PCL ranks #846 out of 1064 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 79.5%.
Is World Flex PCL's Return-on-Tangible-Asset too high?
World Flex PCL's current Return-on-Tangible-Asset of 1.87% is 228% above median its 10-year median of 0.57. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 2.03. World Flex PCL's value of 1.87% is 7.7% below this industry median. Based on the distribution chart, World Flex PCL ranks #846 out of 1064 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, World Flex PCL has a GF Score™ of 44/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does World Flex PCL's Return-on-Tangible-Asset compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, World Flex PCL ranks #846 out of 1064 companies for Return-on-Tangible-Asset. This places World Flex PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.03. World Flex PCL's value of 1.87% is 7.7% below this benchmark. While the company's 10-year median is 0.57 vs. the industry median of 2.03, World Flex PCL has consistently been below 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 2.03, based on 1,064 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. World Flex PCL's current Return-on-Tangible-Asset of 1.87% is 7.7% below 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 World Flex PCL and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 2.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. World Flex PCL's current Return-on-Tangible-Asset is 1.87%, which is 228% above median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is World Flex PCL stock overvalued right now?
Based on GuruFocus' analysis, World Flex PCL (BKK:WFX) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.89, compared to a current price of ฿0.99 — trading 11.2% above its estimated fair value. The current Return-on-Tangible-Asset is 1.87%, which is 228% above median its 10-year median of 0.57 and 7.7% below the Manufacturing - Apparel & Accessories industry median of 2.03. World Flex PCL's overall GF Score™ is 44/100 with 3 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 World Flex PCL (BKK:WFX), the current Return-on-Tangible-Asset is 1.87% 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 World Flex PCL (BKK:WFX) Overvalued in 2026?
Based on GuruFocus' analysis, World Flex PCL stock appears to be overvalued.
The current stock price of ฿0.99 is trading 11.2% above its estimated GF Value™ of ฿0.89.
GuruFocus considers World Flex PCL to be Modestly Overvalued.
Key valuation signals for BKK:WFX:
Return-on-Tangible-Asset: 1.87% (228% above median its 10-year median of 0.57)
GF Value™: ฿0.89 vs. price of ฿0.99 (11.2% above fair value)
Industry Position: 7.7% below the Manufacturing - Apparel & Accessories median (#846 of 1064)
No single metric tells the full story. See the BKK:WFX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
World Flex PCL is engaged in the manufacturing of high-quality rubber thread. Its products include rubber threads coated with talcum and rubber threads coated with polymer, both of which are ideal for the textile industry that requires softness and swiftness, and are also ideal for all types of machinery. Geographically, the company generates a majority of its revenue from the People's Republic of China and Asia (other than China), and also operates in Thailand, Europe, South and North America, and Africa.
44GF Score
Get the complete analysis for BKK:WFX
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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