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.
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.
Firetrade Engineering PCLBKK:FTE 80 Return-on-Tangible-Equity is 21.61% as of Mar. 2026, which is 51% above its 10-year median of 14.29. GuruFocus rates BKK:FTE with a GF Score™ of 80/100 and a GF Value™ of ฿1.99 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,007 Business Services companies, Firetrade Engineering PCL ranks better than 62.46% 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. Firetrade Engineering PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿191 Mil. Firetrade Engineering PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿886 Mil. Therefore, Firetrade Engineering PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.61%.
The historical rank and industry rank for Firetrade Engineering PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:FTE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.01 Med: 14.29 Max: 26.37
Current: 16.08
During the past 12 years, Firetrade Engineering PCL's highest Return-on-Tangible-Equity was 26.37%. The lowest was 6.01%. And the median was 14.29%.
BKK:FTE's Return-on-Tangible-Equity is ranked better than 62.46% of 1007
companies
in the Business Services industry
Industry Median: 10.71
vs BKK:FTE: 16.08
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.
Firetrade Engineering PCL Return-on-Tangible-Equity Related Terms
Firetrade Engineering PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Firetrade Engineering 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:FTE vs ALLE, MSA, ADT: Return-on-Tangible-Equity Comparison
For the Security & Protection Services subindustry, Firetrade Engineering 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.
Firetrade Engineering PCL Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Firetrade Engineering PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Firetrade Engineering 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 21.61% mean?
Firetrade Engineering PCL (BKK:FTE) has a Return-on-Tangible-Equity of 21.61% 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 Firetrade Engineering PCL and its competitors. This is 51% above median its historical median of 14.29. Over the past decade, Firetrade Engineering PCL's Return-on-Tangible-Equity has ranged from 6.01 to 26.37. According to the industry distribution chart, Firetrade Engineering PCL ranks #378 out of 1007 companies in the Business Services industry, placing it in the top 37.5%.
Is Firetrade Engineering PCL's Return-on-Tangible-Equity too high?
Firetrade Engineering PCL's current Return-on-Tangible-Equity of 21.61% is 51% above median its 10-year median of 14.29. Over the past 10 years, this metric has ranged from a low of 6.01 to a high of 26.37. The Business Services industry median Return-on-Tangible-Equity is 10.71. Firetrade Engineering PCL's value of 21.61% is 101.8% above this industry median. Based on the distribution chart, Firetrade Engineering PCL ranks #378 out of 1007 companies in the Business Services industry, which is above the industry midpoint. Overall, Firetrade Engineering PCL has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Firetrade Engineering PCL's Return-on-Tangible-Equity compare to ALLE and MSA?
According to the Business Services industry distribution chart, Firetrade Engineering PCL ranks #378 out of 1007 companies for Return-on-Tangible-Equity. This puts Firetrade Engineering PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.71. Firetrade Engineering PCL's value of 21.61% is 101.8% above this benchmark. Historically, Firetrade Engineering PCL's own Return-on-Tangible-Equity has ranged from 6.01 to 26.37 over the past decade. While the company's 10-year median is 14.29 vs. the industry median of 10.71, Firetrade Engineering 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 a Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.71, based on 1,007 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. Firetrade Engineering PCL's current Return-on-Tangible-Equity of 21.61% is 101.8% 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 Firetrade Engineering PCL and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firetrade Engineering PCL's current Return-on-Tangible-Equity is 21.61%, which is 51% above median its own 10-year median of 14.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firetrade Engineering PCL stock overvalued right now?
Based on GuruFocus' analysis, Firetrade Engineering PCL (BKK:FTE) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿1.99, compared to a current price of ฿2.76 — trading 38.7% above its estimated fair value. The current Return-on-Tangible-Equity is 21.61%, which is 51% above median its 10-year median of 14.29 and 101.8% above the Business Services industry median of 10.71. Firetrade Engineering PCL's overall GF Score™ is 80/100 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 Firetrade Engineering PCL (BKK:FTE), the current Return-on-Tangible-Equity is 21.61% 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 Firetrade Engineering PCL (BKK:FTE) Overvalued in 2026?
Based on GuruFocus' analysis, Firetrade Engineering PCL stock appears to be overvalued.
The current stock price of ฿2.76 is trading 38.7% above its estimated GF Value™ of ฿1.99.
GuruFocus considers Firetrade Engineering PCL to be Significantly Overvalued.
Key valuation signals for BKK:FTE:
Return-on-Tangible-Equity: 21.61% (51% above median its 10-year median of 14.29)
GF Value™: ฿1.99 vs. price of ฿2.76 (38.7% above fair value)
Industry Position: 101.8% above the Business Services median (#378 of 1007)
No single metric tells the full story. See the BKK:FTE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Firetrade Engineering PCL is engaged in the sales of fire protection equipment and systems, design, installation, repair, and maintenance of fire protection systems. The company operates in two main business segments, namely sales of fire protection equipment systems and project works and services (design, installation, repair and maintenance of fire protection systems). Its products include fire protection equipment, foam system, cold water, and sanitary valves. The sales of the fire protection equipment systems segment act as a revenue driver for the firm. Its operations are in a single geographic area mainly in Thailand.
80GF Score
Get the complete analysis for BKK:FTE
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:FTE has been successfully added to your 
