Earth Tech Environment PCLBKK:ETC-R 70 Return-on-Tangible-Equity is 4.48% as of Mar. 2026, which is 35% below its 10-year median of 6.92. GuruFocus rates BKK:ETC-R with a GF Score™ of 70/100 and a GF Value™ of ฿1.78. The stock has 4 warning signs investors should review. Among 426 Utilities - Independent Power Producers companies, Earth Tech Environment PCL ranks better than 79.11% 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. Earth Tech Environment PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿156.8 Mil. Earth Tech Environment PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿3,500.7 Mil. Therefore, Earth Tech Environment PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 4.48%.
The historical rank and industry rank for Earth Tech Environment PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:ETC-R'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.07 Med: 6.92 Max: 15.28
Current: 15.28
During the past 8 years, Earth Tech Environment PCL's highest Return-on-Tangible-Equity was 15.28%. The lowest was 1.07%. And the median was 6.92%.
BKK:ETC-R's Return-on-Tangible-Equity is ranked better than 79.11% of 426
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.69
vs BKK:ETC-R: 15.28
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.
Earth Tech Environment PCL Return-on-Tangible-Equity Related Terms
Earth Tech Environment 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.
For the Utilities - Renewable subindustry, Earth Tech Environment 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.
Earth Tech Environment PCL Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Earth Tech Environment PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Earth Tech Environment 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 4.48% mean?
Earth Tech Environment PCL (BKK:ETC-R) has a Return-on-Tangible-Equity of 4.48% 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 Earth Tech Environment PCL and its competitors. This is 35% below median its historical median of 6.92. Over the past decade, Earth Tech Environment PCL's Return-on-Tangible-Equity has ranged from 1.07 to 15.28. According to the industry distribution chart, Earth Tech Environment PCL ranks #89 out of 426 companies in the Utilities - Independent Power Producers industry, placing it in the top 20.9%.
Is Earth Tech Environment PCL's Return-on-Tangible-Equity too high?
Earth Tech Environment PCL's current Return-on-Tangible-Equity of 4.48% is 35% below median its 10-year median of 6.92. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 15.28. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.69. Earth Tech Environment PCL's value of 4.48% is 4.5% below this industry median. Based on the distribution chart, Earth Tech Environment PCL ranks #89 out of 426 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Earth Tech Environment PCL has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Earth Tech Environment PCL's Return-on-Tangible-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Earth Tech Environment PCL ranks #89 out of 426 companies for Return-on-Tangible-Equity. This places Earth Tech Environment PCL in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.69. Earth Tech Environment PCL's value of 4.48% is 4.5% below this benchmark. Historically, Earth Tech Environment PCL's own Return-on-Tangible-Equity has ranged from 1.07 to 15.28 over the past decade. While the company's 10-year median is 6.92 vs. the industry median of 4.69, Earth Tech Environment 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.69, 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. Earth Tech Environment PCL's current Return-on-Tangible-Equity of 4.48% is 4.5% 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 Earth Tech Environment PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Earth Tech Environment PCL's current Return-on-Tangible-Equity is 4.48%, which is 35% below median its own 10-year median of 6.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Earth Tech Environment PCL stock overvalued right now?
Earth Tech Environment PCL (BKK:ETC-R) has a current Return-on-Tangible-Equity of 4.48%. The stock's GF Value™ is ฿1.78, compared to a current price of ฿0.68 — trading 62% below its estimated fair value. The current Return-on-Tangible-Equity is 4.48%, which is 35% below median its 10-year median of 6.92 and 4.5% below the Utilities - Independent Power Producers industry median of 4.69. Earth Tech Environment PCL's overall GF Score™ is 70/100 with 4 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 Earth Tech Environment PCL (BKK:ETC-R), the current Return-on-Tangible-Equity is 4.48% 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 Earth Tech Environment PCL (BKK:ETC-R) Overvalued in 2026?
Based on GuruFocus' analysis, Earth Tech Environment PCL stock appears to be undervalued.
The current stock price of ฿0.68 is trading 62% below its estimated GF Value™ of ฿1.78.
Key valuation signals for BKK:ETC-R:
Return-on-Tangible-Equity: 4.48% (35% below median its 10-year median of 6.92)
GF Value™: ฿1.78 vs. price of ฿0.68 (62% below fair value)
Industry Position: 4.5% below the Utilities - Independent Power Producers median (#89 of 426)
No single metric tells the full story. See the BKK:ETC-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Earth Tech Environment PCL is a service provider for the production and distribution of electricity. It produces and distributes electricity from the first non-hazardous industrial materials in Thailand by using sewage or unused materials to process as fuel to produce electricity. It also provides an air quality control system, water management system, and community involvement. The company's segment includes Power business and Construction. It generates maximum revenue from the Power business segment.
70GF Score
Get the complete analysis for BKK:ETC-R
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:ETC-R has been successfully added to your 
