Banpu Power PCLBKK:BPP-R 82 Return-on-Tangible-Equity is 44.99% as of Mar. 2026, which is 375% above its 10-year median of 9.47. GuruFocus rates BKK:BPP-R with a GF Score™ of 82/100 and a GF Value™ of ฿10.29. The stock has 6 warning signs investors should review. Among 426 Utilities - Independent Power Producers companies, Banpu Power PCL ranks better than 79.34% 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. Banpu Power PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿23,508 Mil. Banpu Power PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿52,257 Mil. Therefore, Banpu Power PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 44.99%.
The historical rank and industry rank for Banpu Power PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:BPP-R'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.5 Med: 9.47 Max: 17.33
Current: 16.39
During the past 13 years, Banpu Power PCL's highest Return-on-Tangible-Equity was 17.33%. The lowest was 3.50%. And the median was 9.47%.
BKK:BPP-R's Return-on-Tangible-Equity is ranked better than 79.34% of 426
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.85
vs BKK:BPP-R: 16.39
Banpu Power PCL (BKK:BPP-R) 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.
Banpu Power PCL Return-on-Tangible-Equity Related Terms
Banpu Power PCL Return-on-Tangible-Equity Historical Data
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The historical data trend for Banpu Power 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:BPP-R vs CEG, VST, NRG: Return-on-Tangible-Equity Comparison
For the Utilities - Independent Power Producers subindustry, Banpu Power 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.
Banpu Power PCL Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Banpu Power PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Banpu Power 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 44.99% mean?
Banpu Power PCL (BKK:BPP-R) has a Return-on-Tangible-Equity of 44.99% 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 Banpu Power PCL and its competitors. This is 375% above median its historical median of 9.47. Over the past decade, Banpu Power PCL's Return-on-Tangible-Equity has ranged from 3.50 to 17.33. According to the industry distribution chart, Banpu Power PCL ranks #88 out of 426 companies in the Utilities - Independent Power Producers industry, placing it in the top 20.7%.
Is Banpu Power PCL's Return-on-Tangible-Equity too high?
Banpu Power PCL's current Return-on-Tangible-Equity of 44.99% is 375% above median its 10-year median of 9.47. Over the past 10 years, this metric has ranged from a low of 3.50 to a high of 17.33. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.85. Banpu Power PCL's value of 44.99% is 827.6% above this industry median. Based on the distribution chart, Banpu Power PCL ranks #88 out of 426 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Banpu Power PCL has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Banpu Power PCL's Return-on-Tangible-Equity compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Banpu Power PCL ranks #88 out of 426 companies for Return-on-Tangible-Equity. This places Banpu Power PCL in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.85. Banpu Power PCL's value of 44.99% is 827.6% above this benchmark. Historically, Banpu Power PCL's own Return-on-Tangible-Equity has ranged from 3.50 to 17.33 over the past decade. While the company's 10-year median is 9.47 vs. the industry median of 4.85, Banpu Power 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 Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.85, based on 426 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. Banpu Power PCL's current Return-on-Tangible-Equity of 44.99% is 827.6% 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 Banpu Power PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banpu Power PCL's current Return-on-Tangible-Equity is 44.99%, which is 375% above median its own 10-year median of 9.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banpu Power PCL stock overvalued right now?
Banpu Power PCL (BKK:BPP-R) has a current Return-on-Tangible-Equity of 44.99%. The stock's GF Value™ is ฿10.29, compared to a current price of ฿10.10 — trading 1.8% below its estimated fair value. The current Return-on-Tangible-Equity is 44.99%, which is 375% above median its 10-year median of 9.47 and 827.6% above the Utilities - Independent Power Producers industry median of 4.85. Banpu Power PCL's overall GF Score™ is 82/100 with 6 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 Banpu Power PCL (BKK:BPP-R), the current Return-on-Tangible-Equity is 44.99% 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 Banpu Power PCL (BKK:BPP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Banpu Power PCL stock appears to be undervalued.
The current stock price of ฿10.10 is trading 1.8% below its estimated GF Value™ of ฿10.29.
Key valuation signals for BKK:BPP-R:
Return-on-Tangible-Equity: 44.99% (375% above median its 10-year median of 9.47)
GF Value™: ฿10.29 vs. price of ฿10.10 (1.8% below fair value)
Industry Position: 827.6% above the Utilities - Independent Power Producers median (#88 of 426)
No single metric tells the full story. See the BKK:BPP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banpu Power PCL is engaged in investments in power businesses in Thailand and overseas. The business activities of the group include the generation and sale of electricity and other related business. The company's business segments include Power+: Power generation from thermal and renewable energy sources, both domestically and internationally. Second segment being Future Tech: Battery energy storage systems, solar rooftop and floating solar systems, battery production, energy trading, e-mobility, and energy efficiency businesses. Geographically, the company has its presence in the United States which is the key revenue driver, China, and other regions.
82GF Score
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