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POSCO-Thainox PCLBKK:INOX -1.44%63 Return-on-Tangible-Equity is 4.34% as of Mar. 2026, which is 54% above its 10-year median of 2.82. GuruFocus rates BKK:INOX with a GF Score™ of 63/100 and a GF Value™ of ฿4.09 (Fairly Valued). The stock has 4 warning signs investors should review. Among 616 Steel companies, POSCO-Thainox PCL ranks worse than 61.04% 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. POSCO-Thainox PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿394 Mil. POSCO-Thainox PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿9,083 Mil. Therefore, POSCO-Thainox PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 4.34%.
The historical rank and industry rank for POSCO-Thainox PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:INOX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.81 Med: 2.82 Max: 9.45
Current: 1.72
During the past 13 years, POSCO-Thainox PCL's highest Return-on-Tangible-Equity was 9.45%. The lowest was -0.81%. And the median was 2.82%.
BKK:INOX's Return-on-Tangible-Equity is ranked worse than 61.04% of 616
companies
in the Steel industry
Industry Median: 4.13
vs BKK:INOX: 1.72
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.
POSCO-Thainox PCL Return-on-Tangible-Equity Related Terms
POSCO-Thainox PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for POSCO-Thainox 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:INOX vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, POSCO-Thainox 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.
POSCO-Thainox PCL Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, POSCO-Thainox PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where POSCO-Thainox 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 4.34% mean?
POSCO-Thainox PCL (BKK:INOX) has a Return-on-Tangible-Equity of 4.34% 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 POSCO-Thainox PCL and its competitors. This is 54% above median its historical median of 2.82. According to the industry distribution chart, POSCO-Thainox PCL ranks #376 out of 616 companies in the Steel industry, placing it in the top 61%.
Is POSCO-Thainox PCL's Return-on-Tangible-Equity too high?
POSCO-Thainox PCL's current Return-on-Tangible-Equity of 4.34% is 54% above median its 10-year median of 2.82. The Steel industry median Return-on-Tangible-Equity is 4.13. POSCO-Thainox PCL's value of 4.34% is 5.1% above this industry median. Based on the distribution chart, POSCO-Thainox PCL ranks #376 out of 616 companies in the Steel industry, which is below the industry midpoint. Overall, POSCO-Thainox PCL has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does POSCO-Thainox PCL's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, POSCO-Thainox PCL ranks #376 out of 616 companies for Return-on-Tangible-Equity. This places POSCO-Thainox PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.13. POSCO-Thainox PCL's value of 4.34% is 5.1% above this benchmark. While the company's 10-year median is 2.82 vs. the industry median of 4.13, POSCO-Thainox 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.13, based on 616 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. POSCO-Thainox PCL's current Return-on-Tangible-Equity of 4.34% is 5.1% 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 POSCO-Thainox PCL and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. POSCO-Thainox PCL's current Return-on-Tangible-Equity is 4.34%, which is 54% above median its own 10-year median of 2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is POSCO-Thainox PCL stock overvalued right now?
Based on GuruFocus' analysis, POSCO-Thainox PCL (BKK:INOX) is currently considered Fairly Valued. The stock's GF Value™ is ฿4.09, compared to a current price of ฿4.12 — trading 0.7% above its estimated fair value. The current Return-on-Tangible-Equity is 4.34%, which is 54% above median its 10-year median of 2.82 and 5.1% above the Steel industry median of 4.13. POSCO-Thainox PCL's overall GF Score™ is 63/100 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 POSCO-Thainox PCL (BKK:INOX), the current Return-on-Tangible-Equity is 4.34% 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 POSCO-Thainox PCL (BKK:INOX) Overvalued in 2026?
Based on GuruFocus' analysis, POSCO-Thainox PCL stock appears to be overvalued.
The current stock price of ฿4.12 is trading 0.7% above its estimated GF Value™ of ฿4.09.
GuruFocus considers POSCO-Thainox PCL to be Fairly Valued.
Key valuation signals for BKK:INOX:
Return-on-Tangible-Equity: 4.34% (54% above median its 10-year median of 2.82)
GF Value™: ฿4.09 vs. price of ฿4.12 (0.7% above fair value)
Industry Position: 5.1% above the Steel median (#376 of 616)
No single metric tells the full story. See the BKK:INOX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
POSCO-Thainox PCL is engaged in production and sales of cold-rolled stainless steel as raw material in the production of household appliances such as kitchenette, sinks, washing machines etc. including other industries. Its products portfolio includes Austenitic Stainless Steel and Ferritic Stainless Steel. The company's products are used in Automotive and Transportation Parts, Electrical Home Appliances, Kitchenware, Food Processing and Medical Equipment, Heavy Industry, Energy and Environment, and Architecture, Building and Construction industries.
63GF Score
Get the complete analysis for BKK:INOX
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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