Eastern Star Real Estate PCLBKK:ESTAR 47 Return-on-Tangible-Equity is 2.93% as of Mar. 2026, which is 64% above its 10-year median of 1.79. GuruFocus rates BKK:ESTAR with a GF Score™ of 47/100 and a GF Value™ of ฿0.35 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,714 Real Estate companies, Eastern Star Real Estate PCL ranks worse than 53.68% 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. Eastern Star Real Estate PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿146 Mil. Eastern Star Real Estate PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿4,991 Mil. Therefore, Eastern Star Real Estate PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.93%.
The historical rank and industry rank for Eastern Star Real Estate PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:ESTAR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.45 Med: 1.79 Max: 8.62
Current: 3.5
During the past 13 years, Eastern Star Real Estate PCL's highest Return-on-Tangible-Equity was 8.62%. The lowest was 0.45%. And the median was 1.79%.
BKK:ESTAR's Return-on-Tangible-Equity is ranked worse than 53.68% of 1714
companies
in the Real Estate industry
Industry Median: 4.27
vs BKK:ESTAR: 3.50
Eastern Star Real Estate PCL (BKK:ESTAR) 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.
Eastern Star Real Estate PCL Return-on-Tangible-Equity Related Terms
Eastern Star Real Estate 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.
Eastern Star Real Estate PCL Return-on-Tangible-Equity Chart
Eastern Star Real Estate PCL Return-on-Tangible-Equity Competitor Comparison
For the Real Estate - Development subindustry, Eastern Star Real Estate 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.
Eastern Star Real Estate PCL Return-on-Tangible-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Eastern Star Real Estate PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Eastern Star Real Estate 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 2.93% mean?
Eastern Star Real Estate PCL (BKK:ESTAR) has a Return-on-Tangible-Equity of 2.93% 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 Eastern Star Real Estate PCL and its competitors. This is 64% above median its historical median of 1.79. Over the past decade, Eastern Star Real Estate PCL's Return-on-Tangible-Equity has ranged from 0.45 to 8.62. According to the industry distribution chart, Eastern Star Real Estate PCL ranks #920 out of 1714 companies in the Real Estate industry, placing it in the top 53.7%.
Is Eastern Star Real Estate PCL's Return-on-Tangible-Equity too high?
Eastern Star Real Estate PCL's current Return-on-Tangible-Equity of 2.93% is 64% above median its 10-year median of 1.79. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 8.62. The Real Estate industry median Return-on-Tangible-Equity is 4.27. Eastern Star Real Estate PCL's value of 2.93% is 31.4% below this industry median. Based on the distribution chart, Eastern Star Real Estate PCL ranks #920 out of 1714 companies in the Real Estate industry, which is below the industry midpoint. Overall, Eastern Star Real Estate PCL has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Eastern Star Real Estate PCL's Return-on-Tangible-Equity compare to competitors?
According to the Real Estate industry distribution chart, Eastern Star Real Estate PCL ranks #920 out of 1714 companies for Return-on-Tangible-Equity. This places Eastern Star Real Estate PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.27. Eastern Star Real Estate PCL's value of 2.93% is 31.4% below this benchmark. Historically, Eastern Star Real Estate PCL's own Return-on-Tangible-Equity has ranged from 0.45 to 8.62 over the past decade. While the company's 10-year median is 1.79 vs. the industry median of 4.27, Eastern Star Real Estate PCL has consistently been below 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 Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.27, 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. Eastern Star Real Estate PCL's current Return-on-Tangible-Equity of 2.93% is 31.4% below 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 Eastern Star Real Estate PCL and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eastern Star Real Estate PCL's current Return-on-Tangible-Equity is 2.93%, which is 64% above median its own 10-year median of 1.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eastern Star Real Estate PCL stock overvalued right now?
Based on GuruFocus' analysis, Eastern Star Real Estate PCL (BKK:ESTAR) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.35, compared to a current price of ฿0.20 — trading 42.9% below its estimated fair value. The current Return-on-Tangible-Equity is 2.93%, which is 64% above median its 10-year median of 1.79 and 31.4% below the Real Estate industry median of 4.27. Eastern Star Real Estate PCL's overall GF Score™ is 47/100 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 Eastern Star Real Estate PCL (BKK:ESTAR), the current Return-on-Tangible-Equity is 2.93% 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 Eastern Star Real Estate PCL (BKK:ESTAR) Overvalued in 2026?
Based on GuruFocus' analysis, Eastern Star Real Estate PCL stock appears to be undervalued.
The current stock price of ฿0.20 is trading 42.9% below its estimated GF Value™ of ฿0.35.
GuruFocus considers Eastern Star Real Estate PCL to be Possible Value Trap.
Key valuation signals for BKK:ESTAR:
Return-on-Tangible-Equity: 2.93% (64% above median its 10-year median of 1.79)
GF Value™: ฿0.35 vs. price of ฿0.20 (42.9% below fair value)
Industry Position: 31.4% below the Real Estate median (#920 of 1714)
No single metric tells the full story. See the BKK:ESTAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eastern Star Real Estate PCL is a company engaged in the real estate development business. It undertakes housing and condominium projects. The group operates in four business segments, namely, the Real estate business, Golf course business, Rental business, and property rental business segment, of which a majority of the revenue is derived from the Real estate business. The company and its subsidiaries operate only in Thailand.
47GF Score
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