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Multibax PCLBKK:MBAX +1.51%65 Return-on-Tangible-Equity is 13.07% as of Mar. 2026, which is 6% above its 10-year median of 12.32. GuruFocus rates BKK:MBAX with a GF Score™ of 65/100 and a GF Value™ of ฿3.00 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 387 Packaging & Containers companies, Multibax PCL ranks better than 64.34% 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. Multibax PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿66 Mil. Multibax PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿506 Mil. Therefore, Multibax PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.07%.
The historical rank and industry rank for Multibax PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:MBAX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.29 Med: 12.32 Max: 32.1
Current: 9.1
During the past 13 years, Multibax PCL's highest Return-on-Tangible-Equity was 32.10%. The lowest was -7.29%. And the median was 12.32%.
BKK:MBAX's Return-on-Tangible-Equity is ranked better than 64.34% of 387
companies
in the Packaging & Containers industry
Industry Median: 5.91
vs BKK:MBAX: 9.10
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.
Multibax PCL Return-on-Tangible-Equity Related Terms
Multibax PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Multibax 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:MBAX vs SW, PKG, IP: Return-on-Tangible-Equity Comparison
For the Packaging & Containers subindustry, Multibax 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.
Multibax PCL Return-on-Tangible-Equity vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Multibax PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Multibax 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 13.07% mean?
Multibax PCL (BKK:MBAX) has a Return-on-Tangible-Equity of 13.07% 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 Multibax PCL and its competitors. This is near median its historical median of 12.32. According to the industry distribution chart, Multibax PCL ranks #138 out of 387 companies in the Packaging & Containers industry, placing it in the top 35.7%.
Is Multibax PCL's Return-on-Tangible-Equity too high?
Multibax PCL's current Return-on-Tangible-Equity of 13.07% is near median its 10-year median of 12.32. The Packaging & Containers industry median Return-on-Tangible-Equity is 5.91. Multibax PCL's value of 13.07% is 121.2% above this industry median. Based on the distribution chart, Multibax PCL ranks #138 out of 387 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Multibax PCL has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Multibax PCL's Return-on-Tangible-Equity compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Multibax PCL ranks #138 out of 387 companies for Return-on-Tangible-Equity. This puts Multibax PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.91. Multibax PCL's value of 13.07% is 121.2% above this benchmark. While the company's 10-year median is 12.32 vs. the industry median of 5.91, Multibax 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 Packaging & Containers company?
The median Return-on-Tangible-Equity among Packaging & Containers companies is 5.91, based on 387 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. Multibax PCL's current Return-on-Tangible-Equity of 13.07% is 121.2% 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 Multibax PCL and its competitors. For the Packaging & Containers industry, the median Return-on-Tangible-Equity is 5.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Multibax PCL's current Return-on-Tangible-Equity is 13.07%, which is near median its own 10-year median of 12.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Multibax PCL stock overvalued right now?
Based on GuruFocus' analysis, Multibax PCL (BKK:MBAX) is currently considered Possible Value Trap. The stock's GF Value™ is ฿3.00, compared to a current price of ฿2.02 — trading 32.7% below its estimated fair value. The current Return-on-Tangible-Equity is 13.07%, which is near median its 10-year median of 12.32 and 121.2% above the Packaging & Containers industry median of 5.91. Multibax PCL's overall GF Score™ is 65/100 with 9 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 Multibax PCL (BKK:MBAX), the current Return-on-Tangible-Equity is 13.07% 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 Multibax PCL (BKK:MBAX) Overvalued in 2026?
Based on GuruFocus' analysis, Multibax PCL stock appears to be undervalued.
The current stock price of ฿2.02 is trading 32.7% below its estimated GF Value™ of ฿3.00.
GuruFocus considers Multibax PCL to be Possible Value Trap.
Key valuation signals for BKK:MBAX:
Return-on-Tangible-Equity: 13.07% (near median its 10-year median of 12.32)
GF Value™: ฿3.00 vs. price of ฿2.02 (32.7% below fair value)
Industry Position: 121.2% above the Packaging & Containers median (#138 of 387)
No single metric tells the full story. See the BKK:MBAX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Multibax PCL is engaged in the manufacturing and distribution of polymer bags. Products of the company includes food bags, garbage bags, bioplastic bags, and environment friendly plastic bags. Geographically, the company operates in North America, Australia, Europe, Asia and other continents.
65GF Score
Get the complete analysis for BKK:MBAX
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