Index International Group PCLBKK:IND +1.05%86 Return-on-Tangible-Equity is 4.78% as of Mar. 2026, which is 55% below its 10-year median of 10.69. GuruFocus rates BKK:IND with a GF Score™ of 86/100 and a GF Value™ of ฿1.37 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,709 Construction companies, Index International Group PCL ranks better than 61.32% 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. Index International Group PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿25 Mil. Index International Group PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿529 Mil. Therefore, Index International Group PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 4.78%.
The historical rank and industry rank for Index International Group PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:IND'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.27 Med: 10.69 Max: 41.39
Current: 11.74
During the past 8 years, Index International Group PCL's highest Return-on-Tangible-Equity was 41.39%. The lowest was 3.27%. And the median was 10.69%.
BKK:IND's Return-on-Tangible-Equity is ranked better than 61.32% of 1709
companies
in the Construction industry
Industry Median: 8.21
vs BKK:IND: 11.74
Index International Group PCL (BKK:IND) 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.
Index International Group PCL Return-on-Tangible-Equity Related Terms
Index International Group 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.
Index International Group PCL Return-on-Tangible-Equity Chart
BKK:IND vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Index International 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.
Index International Group PCL Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Index International Group PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Index International 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 4.78% mean?
Index International Group PCL (BKK:IND) has a Return-on-Tangible-Equity of 4.78% 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 Index International Group PCL and its competitors. This is 55% below median its historical median of 10.69. Over the past decade, Index International Group PCL's Return-on-Tangible-Equity has ranged from 3.27 to 41.39. According to the industry distribution chart, Index International Group PCL ranks #661 out of 1709 companies in the Construction industry, placing it in the top 38.7%.
Is Index International Group PCL's Return-on-Tangible-Equity too high?
Index International Group PCL's current Return-on-Tangible-Equity of 4.78% is 55% below median its 10-year median of 10.69. Over the past 10 years, this metric has ranged from a low of 3.27 to a high of 41.39. The Construction industry median Return-on-Tangible-Equity is 8.21. Index International Group PCL's value of 4.78% is 41.8% below this industry median. Based on the distribution chart, Index International Group PCL ranks #661 out of 1709 companies in the Construction industry, which is above the industry midpoint. Overall, Index International Group PCL has a GF Score™ of 86/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Index International Group PCL's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Index International Group PCL ranks #661 out of 1709 companies for Return-on-Tangible-Equity. This puts Index International Group PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.21. Index International Group PCL's value of 4.78% is 41.8% below this benchmark. Historically, Index International Group PCL's own Return-on-Tangible-Equity has ranged from 3.27 to 41.39 over the past decade. While the company's 10-year median is 10.69 vs. the industry median of 8.21, Index International Group 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 a Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.21, based on 1,709 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. Index International Group PCL's current Return-on-Tangible-Equity of 4.78% is 41.8% 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 Index International Group PCL and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Index International Group PCL's current Return-on-Tangible-Equity is 4.78%, which is 55% below median its own 10-year median of 10.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Index International Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Index International Group PCL (BKK:IND) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.37, compared to a current price of ฿0.96 — trading 29.9% below its estimated fair value. The current Return-on-Tangible-Equity is 4.78%, which is 55% below median its 10-year median of 10.69 and 41.8% below the Construction industry median of 8.21. Index International Group PCL's overall GF Score™ is 86/100 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 Index International Group PCL (BKK:IND), the current Return-on-Tangible-Equity is 4.78% 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 Index International Group PCL (BKK:IND) Overvalued in 2026?
Based on GuruFocus' analysis, Index International Group PCL stock appears to be undervalued.
The current stock price of ฿0.96 is trading 29.9% below its estimated GF Value™ of ฿1.37.
GuruFocus considers Index International Group PCL to be Possible Value Trap.
Key valuation signals for BKK:IND:
Return-on-Tangible-Equity: 4.78% (55% below median its 10-year median of 10.69)
GF Value™: ฿1.37 vs. price of ฿0.96 (29.9% below fair value)
Industry Position: 41.8% below the Construction median (#661 of 1709)
No single metric tells the full story. See the BKK:IND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Index International Group PCL Business Description
Index International Group PCL is an engineering consultancy firm offering detailed design services, project management services, and detailed design construction. Its services include a wide range of services in specialized fields such as project planning, city, and district planning, architectural design involving landscaping and architecture, and engineering design involving structural, electrical, mechanical, transportation, sanitary, geotechnical, environmental, and water resources engineering. The group operates in Thailand.
86GF Score
Get the complete analysis for BKK:IND
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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