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General Engineering PCLBKK:GEL Return-on-Tangible-Equity is -16.82% as of Mar. 2026. The stock has 7 warning signs investors should review. Among 398 Building Materials companies, General Engineering PCL ranks worse than 91.96% 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. General Engineering PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿-359 Mil. General Engineering PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿2,134 Mil. Therefore, General Engineering PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -16.82%.
The historical rank and industry rank for General Engineering PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:GEL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -20.48 Med: -3.72 Max: 1.78
Current: -20.48
During the past 13 years, General Engineering PCL's highest Return-on-Tangible-Equity was 1.78%. The lowest was -20.48%. And the median was -3.72%.
BKK:GEL's Return-on-Tangible-Equity is ranked worse than 91.96% of 398
companies
in the Building Materials industry
Industry Median: 5.055
vs BKK:GEL: -20.48
General Engineering PCL (BKK:GEL) 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.
General Engineering PCL Return-on-Tangible-Equity Related Terms
General Engineering PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for General 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.
General Engineering PCL Return-on-Tangible-Equity Chart
BKK:GEL vs CRH, VMC, MLM: Return-on-Tangible-Equity Comparison
For the Building Materials subindustry, General 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.
General Engineering PCL Return-on-Tangible-Equity vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, General Engineering PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where General 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 -16.82% mean?
General Engineering PCL (BKK:GEL) has a Return-on-Tangible-Equity of -16.82% 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 General Engineering PCL and its competitors. According to the industry distribution chart, General Engineering PCL ranks #366 out of 398 companies in the Building Materials industry, placing it in the top 92%.
Is General Engineering PCL's Return-on-Tangible-Equity too high?
General Engineering PCL's current Return-on-Tangible-Equity is -16.82%. Based on the distribution chart, General Engineering PCL ranks #366 out of 398 companies in the Building Materials industry, which is in the bottom quartile relative to peers.
How does General Engineering PCL's Return-on-Tangible-Equity compare to CRH and VMC?
According to the Building Materials industry distribution chart, General Engineering PCL ranks #366 out of 398 companies for Return-on-Tangible-Equity. This places General Engineering PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.06. 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 Building Materials company?
The median Return-on-Tangible-Equity among Building Materials companies is 5.06, based on 398 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. 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 General Engineering PCL and its competitors. For the Building Materials industry, the median Return-on-Tangible-Equity is 5.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. General Engineering PCL's current Return-on-Tangible-Equity is -16.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Engineering PCL stock overvalued right now?
Based on GuruFocus' analysis, General Engineering PCL (BKK:GEL) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.04, compared to a current price of ฿0.04 — trading right at its estimated fair value. The current Return-on-Tangible-Equity is -16.82%. 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 General Engineering PCL (BKK:GEL), the current Return-on-Tangible-Equity is -16.82% 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.
General Engineering PCL is engaged in the manufacturing and selling of construction material, prestressed concrete piles, precast concrete, glass fiber reinforced concrete, cementation products and post-tensioned slab, prestressed spun concrete piles, the special qualified PC wire and PC Strand and providing the construction and installation services for such products. Its operating segments are Manufacturing and distribution of concrete products, which is the key revenue-generating segment; Construction services; and Manufacturing and distribution of PC wire and PC strand. The company and its subsidiaries operate in Thailand only.
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