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International Research PCLBKK:IRCP 27 Return-on-Tangible-Equity is 3.09% as of Mar. 2026, which is 162% above its 10-year median of 1.18. GuruFocus rates BKK:IRCP with a GF Score™ of 27/100 and a GF Value™ of ฿0.32 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,477 Software companies, International Research PCL ranks worse than 85.3% 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. International Research PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿13.1 Mil. International Research PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿425.3 Mil. Therefore, International Research PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.09%.
The historical rank and industry rank for International Research PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:IRCP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -39.62 Med: 1.18 Max: 11.02
Current: -38.57
During the past 13 years, International Research PCL's highest Return-on-Tangible-Equity was 11.02%. The lowest was -39.62%. And the median was 1.18%.
BKK:IRCP's Return-on-Tangible-Equity is ranked worse than 85.3% of 2477
companies
in the Software industry
Industry Median: 8.83
vs BKK:IRCP: -38.57
International Research PCL (BKK:IRCP) 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.
International Research PCL Return-on-Tangible-Equity Related Terms
International Research 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.
International Research PCL Return-on-Tangible-Equity Chart
BKK:IRCP vs IBM, ACN, FISV: Return-on-Tangible-Equity Comparison
For the Information Technology Services subindustry, International Research 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.
International Research PCL Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, International Research PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where International Research 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 3.09% mean?
International Research PCL (BKK:IRCP) has a Return-on-Tangible-Equity of 3.09% 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 International Research PCL and its competitors. This is 162% above median its historical median of 1.18. According to the industry distribution chart, International Research PCL ranks #2113 out of 2477 companies in the Software industry, placing it in the top 85.3%.
Is International Research PCL's Return-on-Tangible-Equity too high?
International Research PCL's current Return-on-Tangible-Equity of 3.09% is 162% above median its 10-year median of 1.18. The Software industry median Return-on-Tangible-Equity is 8.83. International Research PCL's value of 3.09% is 65% below this industry median. Based on the distribution chart, International Research PCL ranks #2113 out of 2477 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, International Research PCL has a GF Score™ of 27/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does International Research PCL's Return-on-Tangible-Equity compare to IBM and ACN?
According to the Software industry distribution chart, International Research PCL ranks #2113 out of 2477 companies for Return-on-Tangible-Equity. This places International Research PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.83. International Research PCL's value of 3.09% is 65% below this benchmark. While the company's 10-year median is 1.18 vs. the industry median of 8.83, International Research 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.83, based on 2,477 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. International Research PCL's current Return-on-Tangible-Equity of 3.09% is 65% 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 International Research PCL and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Research PCL's current Return-on-Tangible-Equity is 3.09%, which is 162% above median its own 10-year median of 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Research PCL stock overvalued right now?
Based on GuruFocus' analysis, International Research PCL (BKK:IRCP) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.32, compared to a current price of ฿0.27 — trading 15.6% below its estimated fair value. The current Return-on-Tangible-Equity is 3.09%, which is 162% above median its 10-year median of 1.18 and 65% below the Software industry median of 8.83. International Research PCL's overall GF Score™ is 27/100 with 5 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 International Research PCL (BKK:IRCP), the current Return-on-Tangible-Equity is 3.09% 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 International Research PCL (BKK:IRCP) Overvalued in 2026?
Based on GuruFocus' analysis, International Research PCL stock appears to be undervalued.
The current stock price of ฿0.27 is trading 15.6% below its estimated GF Value™ of ฿0.32.
GuruFocus considers International Research PCL to be Modestly Undervalued.
Key valuation signals for BKK:IRCP:
Return-on-Tangible-Equity: 3.09% (162% above median its 10-year median of 1.18)
GF Value™: ฿0.32 vs. price of ฿0.27 (15.6% below fair value)
Industry Position: 65% below the Software median (#2113 of 2477)
No single metric tells the full story. See the BKK:IRCP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
International Research Corp PCL is engaged in distribution and system development services for information technology, network information systems, and telecommunication information systems. It operates in two reportable segments: project business and Non-project business. The company and its subsidiaries operate in Thailand only.
27GF Score
Get the complete analysis for BKK:IRCP
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