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Absolute Clean Energy PCLBKK:ACE 78 Return-on-Tangible-Equity is 8.42% as of Mar. 2026, which is 12% below its 10-year median of 9.56. GuruFocus rates BKK:ACE with a GF Score™ of 78/100 and a GF Value™ of ฿1.38 (Fairly Valued). The stock has 6 warning signs investors should review. Among 427 Utilities - Independent Power Producers companies, Absolute Clean Energy PCL ranks better than 55.04% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Absolute Clean Energy PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿1,257 Mil. Absolute Clean Energy PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿14,935 Mil. Therefore, Absolute Clean Energy PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.42%.
The historical rank and industry rank for Absolute Clean Energy PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:ACE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.49 Med: 9.56 Max: 14.9
Current: 6.03
During the past 12 years, Absolute Clean Energy PCL's highest Return-on-Tangible-Equity was 14.90%. The lowest was 5.49%. And the median was 9.56%.
BKK:ACE's Return-on-Tangible-Equity is ranked better than 55.04% of 427
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.68
vs BKK:ACE: 6.03
Absolute Clean Energy PCL (BKK:ACE) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Absolute Clean Energy PCL Return-on-Tangible-Equity Related Terms
Absolute Clean Energy PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Absolute Clean Energy PCL's Return-on-Tangible-Equity 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.
Absolute Clean Energy PCL Return-on-Tangible-Equity Chart
Absolute Clean Energy PCL Return-on-Tangible-Equity Competitor Comparison
For the Utilities - Renewable subindustry, Absolute Clean Energy PCL's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Absolute Clean Energy PCL Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Absolute Clean Energy PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Absolute Clean Energy PCL's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 8.42% mean?
Absolute Clean Energy PCL (BKK:ACE) has a Return-on-Tangible-Equity of 8.42% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Absolute Clean Energy PCL and its competitors. This is 12% below median its historical median of 9.56. Over the past decade, Absolute Clean Energy PCL's Return-on-Tangible-Equity has ranged from 5.49 to 14.90. According to the industry distribution chart, Absolute Clean Energy PCL ranks #192 out of 427 companies in the Utilities - Independent Power Producers industry, placing it in the top 45%.
Is Absolute Clean Energy PCL's Return-on-Tangible-Equity too high?
Absolute Clean Energy PCL's current Return-on-Tangible-Equity of 8.42% is 12% below median its 10-year median of 9.56. Over the past 10 years, this metric has ranged from a low of 5.49 to a high of 14.90. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.68. Absolute Clean Energy PCL's value of 8.42% is 79.9% above this industry median. Based on the distribution chart, Absolute Clean Energy PCL ranks #192 out of 427 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Absolute Clean Energy PCL has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Absolute Clean Energy PCL's Return-on-Tangible-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Absolute Clean Energy PCL ranks #192 out of 427 companies for Return-on-Tangible-Equity. This puts Absolute Clean Energy PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.68. Absolute Clean Energy PCL's value of 8.42% is 79.9% above this benchmark. Historically, Absolute Clean Energy PCL's own Return-on-Tangible-Equity has ranged from 5.49 to 14.90 over the past decade. While the company's 10-year median is 9.56 vs. the industry median of 4.68, Absolute Clean Energy 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-Equity for an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.68, based on 427 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Absolute Clean Energy PCL's current Return-on-Tangible-Equity of 8.42% is 79.9% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Absolute Clean Energy PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Absolute Clean Energy PCL's current Return-on-Tangible-Equity is 8.42%, which is 12% below median its own 10-year median of 9.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Absolute Clean Energy PCL stock overvalued right now?
Based on GuruFocus' analysis, Absolute Clean Energy PCL (BKK:ACE) is currently considered Fairly Valued. The stock's GF Value™ is ฿1.38, compared to a current price of ฿1.29 — trading 6.5% below its estimated fair value. The current Return-on-Tangible-Equity is 8.42%, which is 12% below median its 10-year median of 9.56 and 79.9% above the Utilities - Independent Power Producers industry median of 4.68. Absolute Clean Energy PCL's overall GF Score™ is 78/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Absolute Clean Energy PCL (BKK:ACE), the current Return-on-Tangible-Equity is 8.42% 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 Absolute Clean Energy PCL (BKK:ACE) Overvalued in 2026?
Based on GuruFocus' analysis, Absolute Clean Energy PCL stock appears to be undervalued.
The current stock price of ฿1.29 is trading 6.5% below its estimated GF Value™ of ฿1.38.
GuruFocus considers Absolute Clean Energy PCL to be Fairly Valued.
Key valuation signals for BKK:ACE:
Return-on-Tangible-Equity: 8.42% (12% below median its 10-year median of 9.56)
GF Value™: ฿1.38 vs. price of ฿1.29 (6.5% below fair value)
Industry Position: 79.9% above the Utilities - Independent Power Producers median (#192 of 427)
No single metric tells the full story. See the BKK:ACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Absolute Clean Energy PCL operates biomass, municipal solid waste, natural gas, and solar energy power plants. The company operates in four reportable segments: biomass, natural gas, municipal solid waste, and solar energy power plants. The company operates only in Thailand. It generates the majority of its revenue from the Biomass power plants segment.
78GF Score
Get the complete analysis for BKK:ACE
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