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Bangkok Airways PCLFRA:8BA -0.86%67 Return-on-Tangible-Asset is 16.30% as of Mar. 2026, which is 1598% above its 10-year median of 0.96. GuruFocus rates FRA:8BA with a GF Score™ of 67/100 and a GF Value™ of €0.48. The stock has 10 warning signs investors should review. Among 1,009 Transportation companies, Bangkok Airways PCL ranks better than 76.91% 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. Bangkok Airways PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was €224.3 Mil. Bangkok Airways PCL's average total tangible assets for the quarter that ended in Mar. 2026 was €1,376.2 Mil. Therefore, Bangkok Airways PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 16.30%.
The historical rank and industry rank for Bangkok Airways PCL's Return-on-Tangible-Asset or its related term are showing as below:
FRA:8BA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.33 Med: 0.96 Max: 7.72
Current: 7.72
During the past 13 years, Bangkok Airways PCL's highest Return-on-Tangible-Asset was 7.72%. The lowest was -17.33%. And the median was 0.96%.
FRA:8BA's Return-on-Tangible-Asset is ranked better than 76.91% of 1009
companies
in the Transportation industry
Industry Median: 3.78
vs FRA:8BA: 7.72
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.
Bangkok Airways PCL Return-on-Tangible-Asset Related Terms
Bangkok Airways PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Bangkok Airways 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.
FRA:8BA vs DAL, UAL, LUV: Return-on-Tangible-Asset Comparison
For the Airlines subindustry, Bangkok Airways 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.
Bangkok Airways PCL Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Bangkok Airways PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bangkok Airways 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 16.30% mean?
Bangkok Airways PCL (FRA:8BA) has a Return-on-Tangible-Asset of 16.30% 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 Bangkok Airways PCL and its competitors. This is 1598% above median its historical median of 0.96. According to the industry distribution chart, Bangkok Airways PCL ranks #233 out of 1009 companies in the Transportation industry, placing it in the top 23.1%.
Is Bangkok Airways PCL's Return-on-Tangible-Asset too high?
Bangkok Airways PCL's current Return-on-Tangible-Asset of 16.30% is 1598% above median its 10-year median of 0.96. The Transportation industry median Return-on-Tangible-Asset is 3.78. Bangkok Airways PCL's value of 16.30% is 331.2% above this industry median. Based on the distribution chart, Bangkok Airways PCL ranks #233 out of 1009 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Bangkok Airways PCL has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Bangkok Airways PCL's Return-on-Tangible-Asset compare to DAL and UAL?
According to the Transportation industry distribution chart, Bangkok Airways PCL ranks #233 out of 1009 companies for Return-on-Tangible-Asset. This places Bangkok Airways PCL in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.78. Bangkok Airways PCL's value of 16.30% is 331.2% above this benchmark. While the company's 10-year median is 0.96 vs. the industry median of 3.78, Bangkok Airways 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 3.78, 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. Bangkok Airways PCL's current Return-on-Tangible-Asset of 16.30% is 331.2% 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 Bangkok Airways PCL and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangkok Airways PCL's current Return-on-Tangible-Asset is 16.30%, which is 1598% above median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Airways PCL stock overvalued right now?
Bangkok Airways PCL (FRA:8BA) has a current Return-on-Tangible-Asset of 16.30%. The stock's GF Value™ is €0.48, compared to a current price of €0.46 — trading 3.7% below its estimated fair value. The current Return-on-Tangible-Asset is 16.30%, which is 1598% above median its 10-year median of 0.96 and 331.2% above the Transportation industry median of 3.78. Bangkok Airways PCL's overall GF Score™ is 67/100 with 10 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 Bangkok Airways PCL (FRA:8BA), the current Return-on-Tangible-Asset is 16.30% 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 Bangkok Airways PCL (FRA:8BA) Overvalued in 2026?
Based on GuruFocus' analysis, Bangkok Airways PCL stock appears to be undervalued.
The current stock price of €0.46 is trading 3.7% below its estimated GF Value™ of €0.48.
Key valuation signals for FRA:8BA:
Return-on-Tangible-Asset: 16.30% (1598% above median its 10-year median of 0.96)
GF Value™: €0.48 vs. price of €0.46 (3.7% below fair value)
Industry Position: 331.2% above the Transportation median (#233 of 1009)
No single metric tells the full story. See the FRA:8BA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bangkok Airways PCL is principally engaged in the provision of air transportation and airport services. It operates in three segments; The airline segment sells tickets and provides services to passengers, the airport segment provides location services for passengers and airlines, and the supporting airline business segment, which provides ground handling, cargo, and catering services for airlines and customers. The majority of its revenue is from the Airline segment. It mainly operates in Thailand.
67GF Score
Get the complete analysis for FRA:8BA
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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