Ichitan Group PCLBKK:ICHI-R 94 Return-on-Tangible-Equity is 19.81% as of Mar. 2026, which is 132% above its 10-year median of 8.53. GuruFocus rates BKK:ICHI-R with a GF Score™ of 94/100 and a GF Value™ of ฿11.86. The stock has 2 warning signs investors should review. Among 109 Beverages - Non-Alcoholic companies, Ichitan Group PCL ranks better than 72.48% 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. Ichitan Group PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿1,146 Mil. Ichitan Group PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿5,788 Mil. Therefore, Ichitan Group PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 19.81%.
The historical rank and industry rank for Ichitan Group PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:ICHI-R'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.74 Med: 8.53 Max: 23.96
Current: 23.96
During the past 13 years, Ichitan Group PCL's highest Return-on-Tangible-Equity was 23.96%. The lowest was 0.74%. And the median was 8.53%.
BKK:ICHI-R's Return-on-Tangible-Equity is ranked better than 72.48% of 109
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 13.73
vs BKK:ICHI-R: 23.96
Ichitan Group PCL (BKK:ICHI-R) 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.
Ichitan Group PCL Return-on-Tangible-Equity Related Terms
Ichitan Group PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ichitan Group 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:ICHI-R vs KO, PEP, MNST: Return-on-Tangible-Equity Comparison
For the Beverages - Non-Alcoholic subindustry, Ichitan Group 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.
Ichitan Group PCL Return-on-Tangible-Equity vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Ichitan Group PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ichitan Group 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 19.81% mean?
Ichitan Group PCL (BKK:ICHI-R) has a Return-on-Tangible-Equity of 19.81% 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 Ichitan Group PCL and its competitors. This is 132% above median its historical median of 8.53. Over the past decade, Ichitan Group PCL's Return-on-Tangible-Equity has ranged from 0.74 to 23.96. According to the industry distribution chart, Ichitan Group PCL ranks #30 out of 109 companies in the Beverages - Non-Alcoholic industry, placing it in the top 27.5%.
Is Ichitan Group PCL's Return-on-Tangible-Equity too high?
Ichitan Group PCL's current Return-on-Tangible-Equity of 19.81% is 132% above median its 10-year median of 8.53. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 23.96. The Beverages - Non-Alcoholic industry median Return-on-Tangible-Equity is 13.73. Ichitan Group PCL's value of 19.81% is 44.3% above this industry median. Based on the distribution chart, Ichitan Group PCL ranks #30 out of 109 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Ichitan Group PCL has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does Ichitan Group PCL's Return-on-Tangible-Equity compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Ichitan Group PCL ranks #30 out of 109 companies for Return-on-Tangible-Equity. This puts Ichitan Group PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 13.73. Ichitan Group PCL's value of 19.81% is 44.3% above this benchmark. Historically, Ichitan Group PCL's own Return-on-Tangible-Equity has ranged from 0.74 to 23.96 over the past decade. While the company's 10-year median is 8.53 vs. the industry median of 13.73, Ichitan Group 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 Beverages - Non-Alcoholic company?
The median Return-on-Tangible-Equity among Beverages - Non-Alcoholic companies is 13.73, based on 109 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. Ichitan Group PCL's current Return-on-Tangible-Equity of 19.81% is 44.3% 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 Ichitan Group PCL and its competitors. For the Beverages - Non-Alcoholic industry, the median Return-on-Tangible-Equity is 13.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichitan Group PCL's current Return-on-Tangible-Equity is 19.81%, which is 132% above median its own 10-year median of 8.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichitan Group PCL stock overvalued right now?
Ichitan Group PCL (BKK:ICHI-R) has a current Return-on-Tangible-Equity of 19.81%. The stock's GF Value™ is ฿11.86, compared to a current price of ฿10.60 — trading 10.6% below its estimated fair value. The current Return-on-Tangible-Equity is 19.81%, which is 132% above median its 10-year median of 8.53 and 44.3% above the Beverages - Non-Alcoholic industry median of 13.73. Ichitan Group PCL's overall GF Score™ is 94/100 with 2 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 Ichitan Group PCL (BKK:ICHI-R), the current Return-on-Tangible-Equity is 19.81% 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 Ichitan Group PCL (BKK:ICHI-R) Overvalued in 2026?
Based on GuruFocus' analysis, Ichitan Group PCL stock appears to be undervalued.
The current stock price of ฿10.60 is trading 10.6% below its estimated GF Value™ of ฿11.86.
Key valuation signals for BKK:ICHI-R:
Return-on-Tangible-Equity: 19.81% (132% above median its 10-year median of 8.53)
GF Value™: ฿11.86 vs. price of ฿10.60 (10.6% below fair value)
Industry Position: 44.3% above the Beverages - Non-Alcoholic median (#30 of 109)
No single metric tells the full story. See the BKK:ICHI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ichitan Group PCL manufactures and sells ready-to-drink tea beverages in Thailand. It manufactures and sells ready to drink green tea beverage, herbal drink, and low-sugar ready-to-drink tea beverage, under the brand name of Ichitan Green Tea. Majority of the revenue for the company is generated from Thailand and rest from overseas markets.
94GF Score
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