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. Bless Asset Group PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿-21.4 Mil. Bless Asset Group PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿1,178.7 Mil. Therefore, Bless Asset Group PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -1.82%.
The historical rank and industry rank for Bless Asset Group PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:BLESS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.01 Med: 5.64 Max: 14.99
Current: -0.01
During the past 8 years, Bless Asset Group PCL's highest Return-on-Tangible-Equity was 14.99%. The lowest was -0.01%. And the median was 5.64%.
BKK:BLESS's Return-on-Tangible-Equity is ranked worse than 71.47% of 1714
companies
in the Real Estate industry
Industry Median: 4.195
vs BKK:BLESS: -0.01
Bless Asset Group PCL (BKK:BLESS) 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.
Bless Asset Group PCL Return-on-Tangible-Equity Related Terms
Bless Asset Group PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Bless Asset Group 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.
Bless Asset Group PCL Return-on-Tangible-Equity Chart
Bless Asset Group PCL Return-on-Tangible-Equity Competitor Comparison
For the Real Estate - Development subindustry, Bless Asset Group 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.
Bless Asset Group PCL Return-on-Tangible-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Bless Asset Group PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bless Asset Group 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 -1.82% mean?
Bless Asset Group PCL (BKK:BLESS) has a Return-on-Tangible-Equity of -1.82% 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 Bless Asset Group PCL and its competitors. According to the industry distribution chart, Bless Asset Group PCL ranks #1225 out of 1714 companies in the Real Estate industry, placing it in the top 71.5%.
Is Bless Asset Group PCL's Return-on-Tangible-Equity too high?
Bless Asset Group PCL's current Return-on-Tangible-Equity is -1.82%. Based on the distribution chart, Bless Asset Group PCL ranks #1225 out of 1714 companies in the Real Estate industry, which is below the industry midpoint. Overall, Bless Asset Group PCL has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bless Asset Group PCL's Return-on-Tangible-Equity compare to competitors?
According to the Real Estate industry distribution chart, Bless Asset Group PCL ranks #1225 out of 1714 companies for Return-on-Tangible-Equity. This places Bless Asset Group PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.20. 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 Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.20, based on 1,714 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. 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 Bless Asset Group PCL and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bless Asset Group PCL's current Return-on-Tangible-Equity is -1.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bless Asset Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Bless Asset Group PCL (BKK:BLESS) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.38, compared to a current price of ฿0.26 — trading 31.6% below its estimated fair value. The current Return-on-Tangible-Equity is -1.82%. Bless Asset Group PCL's overall GF Score™ is 45/100 with 5 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 Bless Asset Group PCL (BKK:BLESS), the current Return-on-Tangible-Equity is -1.82% 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 Bless Asset Group PCL (BKK:BLESS) Overvalued in 2026?
Based on GuruFocus' analysis, Bless Asset Group PCL stock appears to be undervalued.
The current stock price of ฿0.26 is trading 31.6% below its estimated GF Value™ of ฿0.38.
GuruFocus considers Bless Asset Group PCL to be Possible Value Trap.
Key valuation signals for BKK:BLESS:
Return-on-Tangible-Equity: -1.82%
GF Value™: ฿0.38 vs. price of ฿0.26 (31.6% below fair value)
No single metric tells the full story. See the BKK:BLESS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bless Asset Group PCL is engaged in the property development business. The company develops and sells various types of residential real estate, comprising detached houses, semi-detached houses, townhomes, and low-rise condominiums. Geographically, its operations are carried out only in Thailand.
45GF Score
Get the complete analysis for BKK:BLESS
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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