Bangkok Aviation Fuel Services PCLBKK:BAFS +0.98%74 Return-on-Tangible-Equity is 18.52% as of Mar. 2026, which is 263% above its 10-year median of 5.10. GuruFocus rates BKK:BAFS with a GF Score™ of 74/100 and a GF Value™ of ฿15.64 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 974 Transportation companies, Bangkok Aviation Fuel Services PCL ranks worse than 58.42% on this metric.
The historical rank and industry rank for Bangkok Aviation Fuel Services PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:BAFS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -23.21 Med: 5.1 Max: 28.6
Current: 6.87
During the past 13 years, Bangkok Aviation Fuel Services PCL's highest Return-on-Tangible-Equity was 28.60%. The lowest was -23.21%. And the median was 5.10%.
BKK:BAFS's Return-on-Tangible-Equity is ranked worse than 58.42% of 974
companies
in the Transportation industry
Industry Median: 8.995
vs BKK:BAFS: 6.87
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.
Bangkok Aviation Fuel Services PCL Return-on-Tangible-Equity Related Terms
Bangkok Aviation Fuel Services PCL Return-on-Tangible-Equity Historical Data
* 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:BAFS vs JOBY, CAAP: Return-on-Tangible-Equity Comparison
For the Airports & Air Services subindustry, Bangkok Aviation Fuel Services 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.
Bangkok Aviation Fuel Services PCL Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Bangkok Aviation Fuel Services PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bangkok Aviation Fuel Services 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 18.52% mean?
Bangkok Aviation Fuel Services PCL (BKK:BAFS) has a Return-on-Tangible-Equity of 18.52% 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 Bangkok Aviation Fuel Services PCL and its competitors. This is 263% above median its historical median of 5.10. According to the industry distribution chart, Bangkok Aviation Fuel Services PCL ranks #569 out of 974 companies in the Transportation industry, placing it in the top 58.4%.
Is Bangkok Aviation Fuel Services PCL's Return-on-Tangible-Equity too high?
Bangkok Aviation Fuel Services PCL's current Return-on-Tangible-Equity of 18.52% is 263% above median its 10-year median of 5.10. The Transportation industry median Return-on-Tangible-Equity is 9.00. Bangkok Aviation Fuel Services PCL's value of 18.52% is 105.9% above this industry median. Based on the distribution chart, Bangkok Aviation Fuel Services PCL ranks #569 out of 974 companies in the Transportation industry, which is below the industry midpoint. Overall, Bangkok Aviation Fuel Services PCL has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bangkok Aviation Fuel Services PCL's Return-on-Tangible-Equity compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Bangkok Aviation Fuel Services PCL ranks #569 out of 974 companies for Return-on-Tangible-Equity. This places Bangkok Aviation Fuel Services PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 9.00. Bangkok Aviation Fuel Services PCL's value of 18.52% is 105.9% above this benchmark. While the company's 10-year median is 5.10 vs. the industry median of 9.00, Bangkok Aviation Fuel Services 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 Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 9.00, based on 974 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. Bangkok Aviation Fuel Services PCL's current Return-on-Tangible-Equity of 18.52% is 105.9% 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 Bangkok Aviation Fuel Services PCL and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 9.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangkok Aviation Fuel Services PCL's current Return-on-Tangible-Equity is 18.52%, which is 263% above median its own 10-year median of 5.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Aviation Fuel Services PCL stock overvalued right now?
Based on GuruFocus' analysis, Bangkok Aviation Fuel Services PCL (BKK:BAFS) is currently considered Possible Value Trap. The stock's GF Value™ is ฿15.64, compared to a current price of ฿10.30 — trading 34.1% below its estimated fair value. The current Return-on-Tangible-Equity is 18.52%, which is 263% above median its 10-year median of 5.10 and 105.9% above the Transportation industry median of 9.00. Bangkok Aviation Fuel Services PCL's overall GF Score™ is 74/100 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 Bangkok Aviation Fuel Services PCL (BKK:BAFS), the current Return-on-Tangible-Equity is 18.52% 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 Bangkok Aviation Fuel Services PCL (BKK:BAFS) Overvalued in 2026?
Based on GuruFocus' analysis, Bangkok Aviation Fuel Services PCL stock appears to be undervalued.
The current stock price of ฿10.30 is trading 34.1% below its estimated GF Value™ of ฿15.64.
GuruFocus considers Bangkok Aviation Fuel Services PCL to be Possible Value Trap.
Key valuation signals for BKK:BAFS:
Return-on-Tangible-Equity: 18.52% (263% above median its 10-year median of 5.10)
GF Value™: ฿15.64 vs. price of ฿10.30 (34.1% below fair value)
Industry Position: 105.9% above the Transportation median (#569 of 974)
No single metric tells the full story. See the BKK:BAFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bangkok Aviation Fuel Services PCL Business Description
Bangkok Aviation Fuel Services PCL provides fuel services and storage for multiple airports in Thailand. The company has three operating segments: The aviation segment, the Utility and Power segment, and the business solution segment. The aviation segment provides in-plane service, manufacture, and assembly of hydrant dispensers. The utilities and power segment provides fuel pipeline transportation services, as well as the generation and distribution of electricity from solar power to the government. The business solution segment involves the development, design, manufacture, and sales of innovation and digital products, including the provision of other services. The majority of its revenue is generated from the Aviation segment.
74GF Score
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