ASEFA PCLBKK:ASEFA -0.88%64 Return-on-Tangible-Equity is 24.00% as of Mar. 2026, which is 115% above its 10-year median of 11.15. GuruFocus rates BKK:ASEFA with a GF Score™ of 64/100 and a GF Value™ of ฿4.45 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,968 Industrial Products companies, ASEFA PCL ranks better than 78.1% 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. ASEFA PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿465 Mil. ASEFA PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿1,936 Mil. Therefore, ASEFA PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 24.00%.
The historical rank and industry rank for ASEFA PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:ASEFA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.08 Med: 11.15 Max: 21.53
Current: 15.39
During the past 12 years, ASEFA PCL's highest Return-on-Tangible-Equity was 21.53%. The lowest was 4.08%. And the median was 11.15%.
BKK:ASEFA's Return-on-Tangible-Equity is ranked better than 78.1% of 2968
companies
in the Industrial Products industry
Industry Median: 6.72
vs BKK:ASEFA: 15.39
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.
ASEFA PCL Return-on-Tangible-Equity Related Terms
ASEFA PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ASEFA 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:ASEFA vs VRT, BE: Return-on-Tangible-Equity Comparison
For the Electrical Equipment & Parts subindustry, ASEFA 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.
ASEFA PCL Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, ASEFA PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ASEFA 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 24.00% mean?
ASEFA PCL (BKK:ASEFA) has a Return-on-Tangible-Equity of 24.00% 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 ASEFA PCL and its competitors. This is 115% above median its historical median of 11.15. Over the past decade, ASEFA PCL's Return-on-Tangible-Equity has ranged from 4.08 to 21.53. According to the industry distribution chart, ASEFA PCL ranks #650 out of 2968 companies in the Industrial Products industry, placing it in the top 21.9%.
Is ASEFA PCL's Return-on-Tangible-Equity too high?
ASEFA PCL's current Return-on-Tangible-Equity of 24.00% is 115% above median its 10-year median of 11.15. Over the past 10 years, this metric has ranged from a low of 4.08 to a high of 21.53. The Industrial Products industry median Return-on-Tangible-Equity is 6.72. ASEFA PCL's value of 24.00% is 257.1% above this industry median. Based on the distribution chart, ASEFA PCL ranks #650 out of 2968 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, ASEFA PCL has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASEFA PCL's Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, ASEFA PCL ranks #650 out of 2968 companies for Return-on-Tangible-Equity. This places ASEFA PCL in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.72. ASEFA PCL's value of 24.00% is 257.1% above this benchmark. Historically, ASEFA PCL's own Return-on-Tangible-Equity has ranged from 4.08 to 21.53 over the past decade. While the company's 10-year median is 11.15 vs. the industry median of 6.72, ASEFA 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 Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,968 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. ASEFA PCL's current Return-on-Tangible-Equity of 24.00% is 257.1% 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 ASEFA PCL and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASEFA PCL's current Return-on-Tangible-Equity is 24.00%, which is 115% above median its own 10-year median of 11.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASEFA PCL stock overvalued right now?
Based on GuruFocus' analysis, ASEFA PCL (BKK:ASEFA) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿4.45, compared to a current price of ฿5.60 — trading 25.8% above its estimated fair value. The current Return-on-Tangible-Equity is 24.00%, which is 115% above median its 10-year median of 11.15 and 257.1% above the Industrial Products industry median of 6.72. ASEFA PCL's overall GF Score™ is 64/100 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 ASEFA PCL (BKK:ASEFA), the current Return-on-Tangible-Equity is 24.00% 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 ASEFA PCL (BKK:ASEFA) Overvalued in 2026?
Based on GuruFocus' analysis, ASEFA PCL stock appears to be overvalued.
The current stock price of ฿5.60 is trading 25.8% above its estimated GF Value™ of ฿4.45.
GuruFocus considers ASEFA PCL to be Modestly Overvalued.
Key valuation signals for BKK:ASEFA:
Return-on-Tangible-Equity: 24.00% (115% above median its 10-year median of 11.15)
GF Value™: ฿4.45 vs. price of ฿5.60 (25.8% above fair value)
Industry Position: 257.1% above the Industrial Products median (#650 of 2968)
No single metric tells the full story. See the BKK:ASEFA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASEFA PCL is a Thailand-based company. It is involved in the manufacturing and distribution of electrical power distribution, switchboard and trunking systems including procuring, distributing and integrated engineering services for electrical power distribution. It operates its business through segments that are Manufacturing, Trading, Services and maintenance and installation and Decommissioning of the Power Plant. The Manufacturing segment generates maximum revenue for the company.
64GF Score
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