Thoresen Thai Agencies PCLTHAFF 83 Return-on-Tangible-Asset is 1.75% as of Mar. 2026, which is 23% below its 10-year median of 2.27. GuruFocus rates THAFF with a GF Scoreâ„¢ of 83/100 and a GF Valueâ„¢ of $0.22. The stock has 6 warning signs investors should review. Among 571 Conglomerates companies, Thoresen Thai Agencies PCL ranks worse than 56.22% 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. Thoresen Thai Agencies PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was $24.9 Mil. Thoresen Thai Agencies PCL's average total tangible assets for the quarter that ended in Mar. 2026 was $1,420.1 Mil. Therefore, Thoresen Thai Agencies PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.75%.
The historical rank and industry rank for Thoresen Thai Agencies PCL's Return-on-Tangible-Asset or its related term are showing as below:
THAFF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.09 Med: 2.27 Max: 11.11
Current: 1.95
During the past 13 years, Thoresen Thai Agencies PCL's highest Return-on-Tangible-Asset was 11.11%. The lowest was -6.09%. And the median was 2.27%.
THAFF's Return-on-Tangible-Asset is ranked worse than 56.22% of 571
companies
in the Conglomerates industry
Industry Median: 2.69
vs THAFF: 1.95
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 companyÂ’s 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 companyÂ’s 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.
Thoresen Thai Agencies PCL Return-on-Tangible-Asset Related Terms
Thoresen Thai Agencies PCL Return-on-Tangible-Asset Historical Data
* 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.
THAFF vs HON, MMM: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Thoresen Thai Agencies 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.
Thoresen Thai Agencies PCL Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Thoresen Thai Agencies PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Thoresen Thai Agencies 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 1.75% mean?
Thoresen Thai Agencies PCL (THAFF) has a Return-on-Tangible-Asset of 1.75% 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 Thoresen Thai Agencies PCL and its competitors. This is 23% below median its historical median of 2.27. According to the industry distribution chart, Thoresen Thai Agencies PCL ranks #321 out of 571 companies in the Conglomerates industry, placing it in the top 56.2%.
Is Thoresen Thai Agencies PCL's Return-on-Tangible-Asset too high?
Thoresen Thai Agencies PCL's current Return-on-Tangible-Asset of 1.75% is 23% below median its 10-year median of 2.27. The Conglomerates industry median Return-on-Tangible-Asset is 2.69. Thoresen Thai Agencies PCL's value of 1.75% is 34.9% below this industry median. Based on the distribution chart, Thoresen Thai Agencies PCL ranks #321 out of 571 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Thoresen Thai Agencies PCL has a GF Scoreâ„¢ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Thoresen Thai Agencies PCL's Return-on-Tangible-Asset compare to HON and MMM?
According to the Conglomerates industry distribution chart, Thoresen Thai Agencies PCL ranks #321 out of 571 companies for Return-on-Tangible-Asset. This places Thoresen Thai Agencies PCL in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.69. Thoresen Thai Agencies PCL's value of 1.75% is 34.9% below this benchmark. While the company's 10-year median is 2.27 vs. the industry median of 2.69, Thoresen Thai Agencies 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.69, based on 571 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. Thoresen Thai Agencies PCL's current Return-on-Tangible-Asset of 1.75% is 34.9% 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 Thoresen Thai Agencies PCL and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thoresen Thai Agencies PCL's current Return-on-Tangible-Asset is 1.75%, which is 23% below median its own 10-year median of 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thoresen Thai Agencies PCL stock overvalued right now?
Thoresen Thai Agencies PCL (THAFF) has a current Return-on-Tangible-Asset of 1.75%. The stock's GF Value™ is $0.22, compared to a current price of $0.20 — trading 9.1% below its estimated fair value. The current Return-on-Tangible-Asset is 1.75%, which is 23% below median its 10-year median of 2.27 and 34.9% below the Conglomerates industry median of 2.69. Thoresen Thai Agencies PCL's overall GF Score™ is 83/100 with 6 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 Thoresen Thai Agencies PCL (THAFF), the current Return-on-Tangible-Asset is 1.75% 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 Thoresen Thai Agencies PCL (THAFF) Overvalued in 2026?
Based on GuruFocus' analysis, Thoresen Thai Agencies PCL stock appears to be undervalued.
The current stock price of $0.20 is trading 9.1% below its estimated GF Value™ of $0.22.
Key valuation signals for THAFF:
Return-on-Tangible-Asset: 1.75% (23% below median its 10-year median of 2.27)
GF Value™: $0.22 vs. price of $0.20 (9.1% below fair value)
Industry Position: 34.9% below the Conglomerates median (#321 of 571)
No single metric tells the full story. See the THAFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thoresen Thai Agencies PCL is an investment holding company. The company operates in five main segments: shipping, offshore service, agrochemical, food and beverage, and investment. Its activities include ownership of dry bulk vessels, certain shipping services, offshore services related to oil and gas, production and sales of fertilizers, coal trading, warehouse, and logistics services, and food and beverage. The maximum revenue is derived from the Offshore Service segment.
83GF Score
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