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.
Master Style PCLBKK:MASTER +3.85%56 Return-on-Tangible-Equity is 7.02% as of Mar. 2026, which is 73% below its 10-year median of 26.49. GuruFocus rates BKK:MASTER with a GF Score™ of 56/100 and a GF Value™ of ฿41.52 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 581 Healthcare Providers & Services companies, Master Style PCL ranks worse than 61.1% 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. Master Style PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿244 Mil. Master Style PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿3,477 Mil. Therefore, Master Style PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 7.02%.
The historical rank and industry rank for Master Style PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:MASTER'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.71 Med: 26.49 Max: 83.22
Current: 5.89
During the past 6 years, Master Style PCL's highest Return-on-Tangible-Equity was 83.22%. The lowest was 5.71%. And the median was 26.49%.
BKK:MASTER's Return-on-Tangible-Equity is ranked worse than 61.1% of 581
companies
in the Healthcare Providers & Services industry
Industry Median: 10.13
vs BKK:MASTER: 5.89
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.
Master Style PCL Return-on-Tangible-Equity Related Terms
Master Style PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Master Style 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:MASTER vs HCA, THC, DVA: Return-on-Tangible-Equity Comparison
For the Medical Care Facilities subindustry, Master Style 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.
Master Style PCL Return-on-Tangible-Equity vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Master Style PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Master Style 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 7.02% mean?
Master Style PCL (BKK:MASTER) has a Return-on-Tangible-Equity of 7.02% 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 Master Style PCL and its competitors. This is 73% below median its historical median of 26.49. Over the past decade, Master Style PCL's Return-on-Tangible-Equity has ranged from 5.71 to 83.22. According to the industry distribution chart, Master Style PCL ranks #355 out of 581 companies in the Healthcare Providers & Services industry, placing it in the top 61.1%.
Is Master Style PCL's Return-on-Tangible-Equity too high?
Master Style PCL's current Return-on-Tangible-Equity of 7.02% is 73% below median its 10-year median of 26.49. Over the past 10 years, this metric has ranged from a low of 5.71 to a high of 83.22. The Healthcare Providers & Services industry median Return-on-Tangible-Equity is 10.13. Master Style PCL's value of 7.02% is 30.7% below this industry median. Based on the distribution chart, Master Style PCL ranks #355 out of 581 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Master Style PCL has a GF Score™ of 56/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Master Style PCL's Return-on-Tangible-Equity compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Master Style PCL ranks #355 out of 581 companies for Return-on-Tangible-Equity. This places Master Style PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.13. Master Style PCL's value of 7.02% is 30.7% below this benchmark. Historically, Master Style PCL's own Return-on-Tangible-Equity has ranged from 5.71 to 83.22 over the past decade. While the company's 10-year median is 26.49 vs. the industry median of 10.13, Master Style 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 Healthcare Providers & Services company?
The median Return-on-Tangible-Equity among Healthcare Providers & Services companies is 10.13, based on 581 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. Master Style PCL's current Return-on-Tangible-Equity of 7.02% is 30.7% 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 Master Style PCL and its competitors. For the Healthcare Providers & Services industry, the median Return-on-Tangible-Equity is 10.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Master Style PCL's current Return-on-Tangible-Equity is 7.02%, which is 73% below median its own 10-year median of 26.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Master Style PCL stock overvalued right now?
Based on GuruFocus' analysis, Master Style PCL (BKK:MASTER) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿41.52, compared to a current price of ฿9.45 — trading 77.2% below its estimated fair value. The current Return-on-Tangible-Equity is 7.02%, which is 73% below median its 10-year median of 26.49 and 30.7% below the Healthcare Providers & Services industry median of 10.13. Master Style PCL's overall GF Score™ is 56/100 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 Master Style PCL (BKK:MASTER), the current Return-on-Tangible-Equity is 7.02% 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 Master Style PCL (BKK:MASTER) Overvalued in 2026?
Based on GuruFocus' analysis, Master Style PCL stock appears to be undervalued.
The current stock price of ฿9.45 is trading 77.2% below its estimated GF Value™ of ฿41.52.
GuruFocus considers Master Style PCL to be Significantly Undervalued.
Key valuation signals for BKK:MASTER:
Return-on-Tangible-Equity: 7.02% (73% below median its 10-year median of 26.49)
GF Value™: ฿41.52 vs. price of ฿9.45 (77.2% below fair value)
Industry Position: 30.7% below the Healthcare Providers & Services median (#355 of 581)
No single metric tells the full story. See the BKK:MASTER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Master Style PCL is principally engaged in a cosmetic surgery hospital under the name of Masterpiece Hospital. It is a skincare and cosmetic surgery clinic. The company's services include: eye surgery, Nose surgery, Facial surgery, Hair transplant Liposuction and others. The company has two principal segments; Hospital business, which generates the majority of the revenue, and the trading of cosmetic products.
56GF Score
Get the complete analysis for BKK:MASTER
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:MASTER has been successfully added to your 
