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Asia Metal PCLBKK:AMC +0.97%68 Return-on-Tangible-Equity is 3.80% as of Mar. 2026, which is 45% below its 10-year median of 6.97. GuruFocus rates BKK:AMC with a GF Score™ of 68/100 and a GF Value™ of ฿2.18 (Fairly Valued). The stock has 8 warning signs investors should review. Among 615 Steel companies, Asia Metal PCL ranks worse than 67.48% 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. Asia Metal PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿124 Mil. Asia Metal PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿3,275 Mil. Therefore, Asia Metal PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.80%.
The historical rank and industry rank for Asia Metal PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:AMC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.69 Med: 6.97 Max: 35.98
Current: 0.46
During the past 13 years, Asia Metal PCL's highest Return-on-Tangible-Equity was 35.98%. The lowest was -4.69%. And the median was 6.97%.
BKK:AMC's Return-on-Tangible-Equity is ranked worse than 67.48% of 615
companies
in the Steel industry
Industry Median: 3.97
vs BKK:AMC: 0.46
Asia Metal PCL (BKK:AMC) 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.
Asia Metal PCL Return-on-Tangible-Equity Related Terms
Asia Metal PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Asia Metal 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:AMC vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Asia Metal 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.
Asia Metal PCL Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Asia Metal PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Asia Metal 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 3.80% mean?
Asia Metal PCL (BKK:AMC) has a Return-on-Tangible-Equity of 3.80% 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 Asia Metal PCL and its competitors. This is 45% below median its historical median of 6.97. According to the industry distribution chart, Asia Metal PCL ranks #415 out of 615 companies in the Steel industry, placing it in the top 67.5%.
Is Asia Metal PCL's Return-on-Tangible-Equity too high?
Asia Metal PCL's current Return-on-Tangible-Equity of 3.80% is 45% below median its 10-year median of 6.97. The Steel industry median Return-on-Tangible-Equity is 3.97. Asia Metal PCL's value of 3.80% is 4.3% below this industry median. Based on the distribution chart, Asia Metal PCL ranks #415 out of 615 companies in the Steel industry, which is below the industry midpoint. Overall, Asia Metal PCL has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Metal PCL's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Asia Metal PCL ranks #415 out of 615 companies for Return-on-Tangible-Equity. This places Asia Metal PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 3.97. Asia Metal PCL's value of 3.80% is 4.3% below this benchmark. While the company's 10-year median is 6.97 vs. the industry median of 3.97, Asia Metal 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-Equity for a Steel company?
The median Return-on-Tangible-Equity among Steel companies is 3.97, based on 615 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. Asia Metal PCL's current Return-on-Tangible-Equity of 3.80% is 4.3% 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 Asia Metal PCL and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Metal PCL's current Return-on-Tangible-Equity is 3.80%, which is 45% below median its own 10-year median of 6.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Metal PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Metal PCL (BKK:AMC) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.18, compared to a current price of ฿2.08 — trading 4.6% below its estimated fair value. The current Return-on-Tangible-Equity is 3.80%, which is 45% below median its 10-year median of 6.97 and 4.3% below the Steel industry median of 3.97. Asia Metal PCL's overall GF Score™ is 68/100 with 8 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 Asia Metal PCL (BKK:AMC), the current Return-on-Tangible-Equity is 3.80% 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 Asia Metal PCL (BKK:AMC) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Metal PCL stock appears to be undervalued.
The current stock price of ฿2.08 is trading 4.6% below its estimated GF Value™ of ฿2.18.
GuruFocus considers Asia Metal PCL to be Fairly Valued.
Key valuation signals for BKK:AMC:
Return-on-Tangible-Equity: 3.80% (45% below median its 10-year median of 6.97)
GF Value™: ฿2.18 vs. price of ฿2.08 (4.6% below fair value)
Industry Position: 4.3% below the Steel median (#415 of 615)
No single metric tells the full story. See the BKK:AMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Metal PCL is engaged in manufacturing and trading processed steel products and rendering service for the manufacturing of processed steel. Its products include integrated steel roll coiled, both hot-rolled and cold-rolled type, the cut-and-steel sheet, and rolling a Little (slitting coil). The company also manufactures and distributes steel pipe and structural steel C-shape used by various industries. Its segment is the manufacturing and trading of processed steel products and rendering service for cutting and modifying steels. It has only one geographical segment because it operates only in Thailand.
68GF Score
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