Dusit Thani PCL (BKK:DUSIT) Return-on-Tangible-Equity: 19.06% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:DUSIT Dusit Thani PCL BKK:DUSIT
70 GF Score
Price ฿11.60
GF Value ฿14.83
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Dusit Thani PCL Return-on-Tangible-Equity?

Dusit Thani PCL BKK:DUSIT 70 Return-on-Tangible-Equity is 19.06% as of Mar. 2026. GuruFocus rates BKK:DUSIT with a GF Score™ of 70/100 and a GF Value™ of ฿14.83 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 794 Travel & Leisure companies, Dusit Thani PCL ranks worse than 80.48% 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. Dusit Thani PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿997 Mil. Dusit Thani PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿5,232 Mil. Therefore, Dusit Thani PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 19.06%.

The historical rank and industry rank for Dusit Thani PCL's Return-on-Tangible-Equity or its related term are showing as below:

BKK:DUSIT' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -41.51   Med: -7.55   Max: 8.13
Current: -4.82

During the past 13 years, Dusit Thani PCL's highest Return-on-Tangible-Equity was 8.13%. The lowest was -41.51%. And the median was -7.55%.

BKK:DUSIT's Return-on-Tangible-Equity is ranked worse than
80.48% of 794 companies
in the Travel & Leisure industry
Industry Median: 7.7 vs BKK:DUSIT: -4.82

Dusit Thani PCL  (BKK:DUSIT) 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.


Dusit Thani PCL Return-on-Tangible-Equity Related Terms


Dusit Thani PCL Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Dusit Thani 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.

Dusit Thani PCL Return-on-Tangible-Equity Chart

Dusit Thani PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -41.51 -24.66 -28.71 -6.58 -8.51

Dusit Thani PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.47 -21.55 -30.31 13.88 19.06

BKK:DUSIT vs MAR, HLT, H: Return-on-Tangible-Equity Comparison

For the Lodging subindustry, Dusit Thani 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.


Dusit Thani PCL Return-on-Tangible-Equity vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Dusit Thani PCL's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Dusit Thani PCL's Return-on-Tangible-Equity falls into.


BKK:DUSIT
70GF Score
Dusit Thani PCL BKK:DUSIT
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dusit Thani PCL Return-on-Tangible-Equity Calculation

Dusit Thani PCL's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-453.313/( (5513.261+5134.451 )/ 2 )
=-453.313/5323.856
=-8.51 %

Dusit Thani PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=997.28/( (5134.451+5328.858)/ 2 )
=997.28/5231.6545
=19.06 %

* 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 19.06% mean?
Dusit Thani PCL (BKK:DUSIT) has a Return-on-Tangible-Equity of 19.06% 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 Dusit Thani PCL and its competitors. According to the industry distribution chart, Dusit Thani PCL ranks #639 out of 794 companies in the Travel & Leisure industry, placing it in the top 80.5%.
Is Dusit Thani PCL's Return-on-Tangible-Equity too high?
Dusit Thani PCL's current Return-on-Tangible-Equity is 19.06%. The Travel & Leisure industry median Return-on-Tangible-Equity is 7.70. Dusit Thani PCL's value of 19.06% is 147.5% above this industry median. Based on the distribution chart, Dusit Thani PCL ranks #639 out of 794 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Dusit Thani PCL has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dusit Thani PCL's Return-on-Tangible-Equity compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Dusit Thani PCL ranks #639 out of 794 companies for Return-on-Tangible-Equity. This places Dusit Thani PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.70. Dusit Thani PCL's value of 19.06% is 147.5% above this benchmark. 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 Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.70, based on 794 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. Dusit Thani PCL's current Return-on-Tangible-Equity of 19.06% is 147.5% 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 Dusit Thani PCL and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dusit Thani PCL's current Return-on-Tangible-Equity is 19.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dusit Thani PCL stock overvalued right now?
Based on GuruFocus' analysis, Dusit Thani PCL (BKK:DUSIT) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿14.83, compared to a current price of ฿11.60 — trading 21.8% below its estimated fair value. The current Return-on-Tangible-Equity is 19.06% and 147.5% above the Travel & Leisure industry median of 7.70. Dusit Thani PCL's overall GF Score™ is 70/100 with 7 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 Dusit Thani PCL (BKK:DUSIT), the current Return-on-Tangible-Equity is 19.06% 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 Dusit Thani PCL (BKK:DUSIT) Overvalued in 2026?

Based on GuruFocus' analysis, Dusit Thani PCL stock appears to be undervalued. The current stock price of ฿11.60 is trading 21.8% below its estimated GF Value™ of ฿14.83. GuruFocus considers Dusit Thani PCL to be Modestly Undervalued.

Key valuation signals for BKK:DUSIT:

  • Return-on-Tangible-Equity: 19.06%
  • GF Value™: ฿14.83 vs. price of ฿11.60 (21.8% below fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 147.5% above the Travel & Leisure median (#639 of 794)

No single metric tells the full story. See the BKK:DUSIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dusit Thani PCL Business Description

Address Phayathai Roadvai, 319 Chamchuri Square Building, 29th Floor, Pathumwan Sub-district, Pathumwan District, Bangkok, THA, 10330
Dusit Thani PCL is engaged in the operation of hotel business, hotel management, education, food and real estate development. Its segments include Hotel and hotel management, Education, Foods, Real estate development, and Others. The majority of the revenue is derived from Hotel and hotel management segment. Geographically it operates in Thailand and Overseas.
70GF Score

Get the complete analysis for BKK:DUSIT

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿11.60
Price
฿14.83
GF Value