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.
Harn Engineering Solutions PCLBKK:HARN -0.96%77 Return-on-Tangible-Equity is 12.20% as of Mar. 2026, which is 23% above its 10-year median of 9.95. GuruFocus rates BKK:HARN with a GF Score™ of 77/100 and a GF Value™ of ฿2.07 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,007 Business Services companies, Harn Engineering Solutions PCL ranks worse than 53.72% 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. Harn Engineering Solutions PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿132 Mil. Harn Engineering Solutions PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿1,085 Mil. Therefore, Harn Engineering Solutions PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.20%.
The historical rank and industry rank for Harn Engineering Solutions PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:HARN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.25 Med: 9.95 Max: 18.04
Current: 9.52
During the past 13 years, Harn Engineering Solutions PCL's highest Return-on-Tangible-Equity was 18.04%. The lowest was 7.25%. And the median was 9.95%.
BKK:HARN's Return-on-Tangible-Equity is ranked worse than 53.72% of 1007
companies
in the Business Services industry
Industry Median: 10.81
vs BKK:HARN: 9.52
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.
Harn Engineering Solutions PCL Return-on-Tangible-Equity Related Terms
Harn Engineering Solutions 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.
BKK:HARN vs ALLE, MSA, ADT: Return-on-Tangible-Equity Comparison
For the Security & Protection Services subindustry, Harn Engineering Solutions 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.
Harn Engineering Solutions PCL Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Harn Engineering Solutions PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Harn Engineering Solutions 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 12.20% mean?
Harn Engineering Solutions PCL (BKK:HARN) has a Return-on-Tangible-Equity of 12.20% 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 Harn Engineering Solutions PCL and its competitors. This is 23% above median its historical median of 9.95. Over the past decade, Harn Engineering Solutions PCL's Return-on-Tangible-Equity has ranged from 7.25 to 18.04. According to the industry distribution chart, Harn Engineering Solutions PCL ranks #541 out of 1007 companies in the Business Services industry, placing it in the top 53.7%.
Is Harn Engineering Solutions PCL's Return-on-Tangible-Equity too high?
Harn Engineering Solutions PCL's current Return-on-Tangible-Equity of 12.20% is 23% above median its 10-year median of 9.95. Over the past 10 years, this metric has ranged from a low of 7.25 to a high of 18.04. The Business Services industry median Return-on-Tangible-Equity is 10.81. Harn Engineering Solutions PCL's value of 12.20% is 12.9% above this industry median. Based on the distribution chart, Harn Engineering Solutions PCL ranks #541 out of 1007 companies in the Business Services industry, which is below the industry midpoint. Overall, Harn Engineering Solutions PCL has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harn Engineering Solutions PCL's Return-on-Tangible-Equity compare to ALLE and MSA?
According to the Business Services industry distribution chart, Harn Engineering Solutions PCL ranks #541 out of 1007 companies for Return-on-Tangible-Equity. This places Harn Engineering Solutions PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.81. Harn Engineering Solutions PCL's value of 12.20% is 12.9% above this benchmark. Historically, Harn Engineering Solutions PCL's own Return-on-Tangible-Equity has ranged from 7.25 to 18.04 over the past decade. While the company's 10-year median is 9.95 vs. the industry median of 10.81, Harn Engineering Solutions 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 10.81, 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. Harn Engineering Solutions PCL's current Return-on-Tangible-Equity of 12.20% is 12.9% 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 Harn Engineering Solutions PCL and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harn Engineering Solutions PCL's current Return-on-Tangible-Equity is 12.20%, which is 23% above median its own 10-year median of 9.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harn Engineering Solutions PCL stock overvalued right now?
Based on GuruFocus' analysis, Harn Engineering Solutions PCL (BKK:HARN) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.07, compared to a current price of ฿2.06 — trading 0.5% below its estimated fair value. The current Return-on-Tangible-Equity is 12.20%, which is 23% above median its 10-year median of 9.95 and 12.9% above the Business Services industry median of 10.81. Harn Engineering Solutions PCL's overall GF Score™ is 77/100 with 3 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 Harn Engineering Solutions PCL (BKK:HARN), the current Return-on-Tangible-Equity is 12.20% 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 Harn Engineering Solutions PCL (BKK:HARN) Overvalued in 2026?
Based on GuruFocus' analysis, Harn Engineering Solutions PCL stock appears to be undervalued.
The current stock price of ฿2.06 is trading 0.5% below its estimated GF Value™ of ฿2.07.
GuruFocus considers Harn Engineering Solutions PCL to be Fairly Valued.
Key valuation signals for BKK:HARN:
Return-on-Tangible-Equity: 12.20% (23% above median its 10-year median of 9.95)
GF Value™: ฿2.07 vs. price of ฿2.06 (0.5% below fair value)
Industry Position: 12.9% above the Business Services median (#541 of 1007)
No single metric tells the full story. See the BKK:HARN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harn Engineering Solutions PCL is engaged in wholesaling, retailing, repairing, renting, leasing, contracting, and installing fire protection systems and fire suppression agents, as well as trading cold storage devices and printing equipment. The company operates in six segments, namely Fire Protection Products and Project segment, which contributes the majority of revenue, Sanitary and Air-Conditioning System, Refrigeration System, Digital Printing System, Building IoT Solutions, and Products of Medical 3D Printing Systems.
77GF Score
Get the complete analysis for BKK:HARN
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:HARN has been successfully added to your 
