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Zen Group PCLBKK:ZEN 85 Return-on-Tangible-Asset is 2.30% as of Mar. 2026, which is 63% below its 10-year median of 6.18. GuruFocus rates BKK:ZEN with a GF Score™ of 85/100 and a GF Value™ of ฿6.70 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 364 Restaurants companies, Zen Group PCL ranks worse than 54.67% 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. Zen Group PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿63 Mil. Zen Group PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿2,724 Mil. Therefore, Zen Group PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.30%.
The historical rank and industry rank for Zen Group PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:ZEN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.9 Med: 6.18 Max: 10.78
Current: 1.77
During the past 11 years, Zen Group PCL's highest Return-on-Tangible-Asset was 10.78%. The lowest was -3.90%. And the median was 6.18%.
BKK:ZEN's Return-on-Tangible-Asset is ranked worse than 54.67% of 364
companies
in the Restaurants industry
Industry Median: 2.375
vs BKK:ZEN: 1.77
Zen Group PCL (BKK:ZEN) 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.
Zen Group PCL Return-on-Tangible-Asset Related Terms
Zen Group PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Zen 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:ZEN vs MCD, SBUX, YUM: Return-on-Tangible-Asset Comparison
For the Restaurants subindustry, Zen 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.
Zen Group PCL Return-on-Tangible-Asset vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Zen Group PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Zen 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.30% mean?
Zen Group PCL (BKK:ZEN) has a Return-on-Tangible-Asset of 2.30% 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 Zen Group PCL and its competitors. This is 63% below median its historical median of 6.18. According to the industry distribution chart, Zen Group PCL ranks #199 out of 364 companies in the Restaurants industry, placing it in the top 54.7%.
Is Zen Group PCL's Return-on-Tangible-Asset too high?
Zen Group PCL's current Return-on-Tangible-Asset of 2.30% is 63% below median its 10-year median of 6.18. The Restaurants industry median Return-on-Tangible-Asset is 2.38. Zen Group PCL's value of 2.30% is 3.2% below this industry median. Based on the distribution chart, Zen Group PCL ranks #199 out of 364 companies in the Restaurants industry, which is below the industry midpoint. Overall, Zen Group PCL has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zen Group PCL's Return-on-Tangible-Asset compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Zen Group PCL ranks #199 out of 364 companies for Return-on-Tangible-Asset. This places Zen Group PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.38. Zen Group PCL's value of 2.30% is 3.2% below this benchmark. While the company's 10-year median is 6.18 vs. the industry median of 2.38, Zen Group 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 Restaurants company?
The median Return-on-Tangible-Asset among Restaurants companies is 2.38, based on 364 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. Zen Group PCL's current Return-on-Tangible-Asset of 2.30% is 3.2% 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 Zen Group PCL and its competitors. For the Restaurants industry, the median Return-on-Tangible-Asset is 2.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zen Group PCL's current Return-on-Tangible-Asset is 2.30%, which is 63% below median its own 10-year median of 6.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zen Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Zen Group PCL (BKK:ZEN) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿6.70, compared to a current price of ฿5.60 — trading 16.4% below its estimated fair value. The current Return-on-Tangible-Asset is 2.30%, which is 63% below median its 10-year median of 6.18 and 3.2% below the Restaurants industry median of 2.38. Zen Group PCL's overall GF Score™ is 85/100 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 Zen Group PCL (BKK:ZEN), the current Return-on-Tangible-Asset is 2.30% 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 Zen Group PCL (BKK:ZEN) Overvalued in 2026?
Based on GuruFocus' analysis, Zen Group PCL stock appears to be undervalued.
The current stock price of ฿5.60 is trading 16.4% below its estimated GF Value™ of ฿6.70.
GuruFocus considers Zen Group PCL to be Modestly Undervalued.
Key valuation signals for BKK:ZEN:
Return-on-Tangible-Asset: 2.30% (63% below median its 10-year median of 6.18)
GF Value™: ฿6.70 vs. price of ฿5.60 (16.4% below fair value)
Industry Position: 3.2% below the Restaurants median (#199 of 364)
No single metric tells the full story. See the BKK:ZEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zen Corp Group PCL is engaged in providing management services to its subsidiaries and restaurants. It offers Japanese food, ranging from premium sushi and Yakiniku restaurants to contemporary Japanese cafes. The company operates ZEN Japanese Restaurant, Musha, AKA, On the Table, and Sushi Cyu. The company operates in only one segment which is the Food business. The majority of the revenue is generated from the sales of food and beverages in Thailand.
85GF Score
Get the complete analysis for BKK:ZEN
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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