Applicad PCLBKK:APP 92 Return-on-Tangible-Equity is 22.89% as of Mar. 2026, which is 18% above its 10-year median of 19.40. GuruFocus rates BKK:APP with a GF Score™ of 92/100 and a GF Value™ of ฿2.63 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,468 Software companies, Applicad PCL ranks better than 69.73% 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. Applicad PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿100 Mil. Applicad PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿438 Mil. Therefore, Applicad PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 22.89%.
The historical rank and industry rank for Applicad PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:APP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 13.7 Med: 19.4 Max: 118.41
Current: 22.47
During the past 10 years, Applicad PCL's highest Return-on-Tangible-Equity was 118.41%. The lowest was 13.70%. And the median was 19.40%.
BKK:APP's Return-on-Tangible-Equity is ranked better than 69.73% of 2468
companies
in the Software industry
Industry Median: 8.605
vs BKK:APP: 22.47
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.
Applicad PCL Return-on-Tangible-Equity Related Terms
Applicad PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Applicad 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:APP vs UBER, SHOP, CRM: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, Applicad 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.
Applicad PCL Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Applicad PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Applicad 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 22.89% mean?
Applicad PCL (BKK:APP) has a Return-on-Tangible-Equity of 22.89% 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 Applicad PCL and its competitors. This is 18% above median its historical median of 19.40. Over the past decade, Applicad PCL's Return-on-Tangible-Equity has ranged from 13.70 to 118.41. According to the industry distribution chart, Applicad PCL ranks #747 out of 2468 companies in the Software industry, placing it in the top 30.3%.
Is Applicad PCL's Return-on-Tangible-Equity too high?
Applicad PCL's current Return-on-Tangible-Equity of 22.89% is 18% above median its 10-year median of 19.40. Over the past 10 years, this metric has ranged from a low of 13.70 to a high of 118.41. The Software industry median Return-on-Tangible-Equity is 8.61. Applicad PCL's value of 22.89% is 166% above this industry median. Based on the distribution chart, Applicad PCL ranks #747 out of 2468 companies in the Software industry, which is above the industry midpoint. Overall, Applicad PCL has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Applicad PCL's Return-on-Tangible-Equity compare to UBER and SHOP?
According to the Software industry distribution chart, Applicad PCL ranks #747 out of 2468 companies for Return-on-Tangible-Equity. This puts Applicad PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.61. Applicad PCL's value of 22.89% is 166% above this benchmark. Historically, Applicad PCL's own Return-on-Tangible-Equity has ranged from 13.70 to 118.41 over the past decade. While the company's 10-year median is 19.40 vs. the industry median of 8.61, Applicad 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 a Software company?
The median Return-on-Tangible-Equity among Software companies is 8.61, based on 2,468 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. Applicad PCL's current Return-on-Tangible-Equity of 22.89% is 166% 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 Applicad PCL and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applicad PCL's current Return-on-Tangible-Equity is 22.89%, which is 18% above median its own 10-year median of 19.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applicad PCL stock overvalued right now?
Based on GuruFocus' analysis, Applicad PCL (BKK:APP) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.63, compared to a current price of ฿2.52 — trading 4.2% below its estimated fair value. The current Return-on-Tangible-Equity is 22.89%, which is 18% above median its 10-year median of 19.40 and 166% above the Software industry median of 8.61. Applicad PCL's overall GF Score™ is 92/100 with 3 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 Applicad PCL (BKK:APP), the current Return-on-Tangible-Equity is 22.89% 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 Applicad PCL (BKK:APP) Overvalued in 2026?
Based on GuruFocus' analysis, Applicad PCL stock appears to be undervalued.
The current stock price of ฿2.52 is trading 4.2% below its estimated GF Value™ of ฿2.63.
GuruFocus considers Applicad PCL to be Fairly Valued.
Key valuation signals for BKK:APP:
Return-on-Tangible-Equity: 22.89% (18% above median its 10-year median of 19.40)
GF Value™: ฿2.63 vs. price of ฿2.52 (4.2% below fair value)
Industry Position: 166% above the Software median (#747 of 2468)
No single metric tells the full story. See the BKK:APP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applicad PCL main business is the sale of computer programs and maintenance services for computer programs, machines and equipment, and the design and development of related products and services. The company operates through three segments: Computer Software Sales division, engaged in the sale of computer programs for specific applications and peripherals and generating maximum revenue; Sale Division of Machinery, Equipment and Other Products, engaged in the sale of machinery, computer parts, spare parts, materials and other products; and Service Division, providing computer maintenance services, design and manufacture of industrial parts and prototypes, and other services. Geographically, the company operates in Thailand and Indonesia, while earning key revenue from sales in Thailand.
92GF Score
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