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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. AIRA Capital PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿44 Mil. AIRA Capital PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿2,878 Mil. Therefore, AIRA Capital PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 1.54%.
The historical rank and industry rank for AIRA Capital PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:AIRA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.44 Med: -3.94 Max: 3.7
Current: -2.18
During the past 13 years, AIRA Capital PCL's highest Return-on-Tangible-Equity was 3.70%. The lowest was -7.44%. And the median was -3.94%.
BKK:AIRA's Return-on-Tangible-Equity is ranked worse than 76.63% of 783
companies
in the Capital Markets industry
Industry Median: 6.45
vs BKK:AIRA: -2.18
AIRA Capital PCL (BKK:AIRA) 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.
AIRA Capital PCL Return-on-Tangible-Equity Related Terms
AIRA Capital PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for AIRA Capital 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.
BKK:AIRA vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, AIRA Capital 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.
AIRA Capital PCL Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, AIRA Capital PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where AIRA Capital 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 1.54% mean?
AIRA Capital PCL (BKK:AIRA) has a Return-on-Tangible-Equity of 1.54% 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 AIRA Capital PCL and its competitors. According to the industry distribution chart, AIRA Capital PCL ranks #600 out of 783 companies in the Capital Markets industry, placing it in the top 76.6%.
Is AIRA Capital PCL's Return-on-Tangible-Equity too high?
AIRA Capital PCL's current Return-on-Tangible-Equity is 1.54%. The Capital Markets industry median Return-on-Tangible-Equity is 6.45. AIRA Capital PCL's value of 1.54% is 76.1% below this industry median. Based on the distribution chart, AIRA Capital PCL ranks #600 out of 783 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, AIRA Capital PCL has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AIRA Capital PCL's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, AIRA Capital PCL ranks #600 out of 783 companies for Return-on-Tangible-Equity. This places AIRA Capital PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.45. AIRA Capital PCL's value of 1.54% is 76.1% below this benchmark. 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 a Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.45, based on 783 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. AIRA Capital PCL's current Return-on-Tangible-Equity of 1.54% is 76.1% 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-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 AIRA Capital PCL and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIRA Capital PCL's current Return-on-Tangible-Equity is 1.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIRA Capital PCL stock overvalued right now?
Based on GuruFocus' analysis, AIRA Capital PCL (BKK:AIRA) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿1.37, compared to a current price of ฿1.00 — trading 27% below its estimated fair value. The current Return-on-Tangible-Equity is 1.54% and 76.1% below the Capital Markets industry median of 6.45. AIRA Capital PCL's overall GF Score™ is 45/100 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 AIRA Capital PCL (BKK:AIRA), the current Return-on-Tangible-Equity is 1.54% 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 AIRA Capital PCL (BKK:AIRA) Overvalued in 2026?
Based on GuruFocus' analysis, AIRA Capital PCL stock appears to be undervalued.
The current stock price of ฿1.00 is trading 27% below its estimated GF Value™ of ฿1.37.
GuruFocus considers AIRA Capital PCL to be Modestly Undervalued.
Key valuation signals for BKK:AIRA:
Return-on-Tangible-Equity: 1.54%
GF Value™: ฿1.37 vs. price of ฿1.00 (27% below fair value)
Industry Position: 76.1% below the Capital Markets median (#600 of 783)
No single metric tells the full story. See the BKK:AIRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AIRA Capital PCL is an investment firm investing in other companies. The company operates business segments namely Securities and investment business segment, which services a securities and derivatives brokerage, securities trading and investment; Advisory and investment banking segment, which services an investment and financial advisory, underwriting and private fund management; Factoring segment, which purchases account receivables; Rental and service business segment, which engages in finance lease, hire purchase and operating lease for industrial equipment and machines and Property development segment which involves the development of properties. It derives the majority of its income from brokerage fees, management fees, and interest and dividends on investments.
45GF Score
Get the complete analysis for BKK:AIRA
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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