Mfc Asset Management PCLBKK:MFC 72 Return-on-Tangible-Equity is 21.34% as of Mar. 2026, which is 41% above its 10-year median of 15.12. GuruFocus rates BKK:MFC with a GF Score™ of 72/100 and a GF Value™ of ฿32.08 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,591 Asset Management companies, Mfc Asset Management PCL ranks better than 76.56% 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. Mfc Asset Management PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿303 Mil. Mfc Asset Management PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿1,419 Mil. Therefore, Mfc Asset Management PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.34%.
The historical rank and industry rank for Mfc Asset Management PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:MFC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.06 Med: 15.12 Max: 25.93
Current: 18.94
During the past 13 years, Mfc Asset Management PCL's highest Return-on-Tangible-Equity was 25.93%. The lowest was 11.06%. And the median was 15.12%.
BKK:MFC's Return-on-Tangible-Equity is ranked better than 76.56% of 1591
companies
in the Asset Management industry
Industry Median: 7.21
vs BKK:MFC: 18.94
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.
Mfc Asset Management PCL Return-on-Tangible-Equity Related Terms
Mfc Asset Management PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Mfc Asset Management 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:MFC vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Mfc Asset Management 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.
Mfc Asset Management PCL Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Mfc Asset Management PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mfc Asset Management 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 21.34% mean?
Mfc Asset Management PCL (BKK:MFC) has a Return-on-Tangible-Equity of 21.34% 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 Mfc Asset Management PCL and its competitors. This is 41% above median its historical median of 15.12. Over the past decade, Mfc Asset Management PCL's Return-on-Tangible-Equity has ranged from 11.06 to 25.93. According to the industry distribution chart, Mfc Asset Management PCL ranks #373 out of 1591 companies in the Asset Management industry, placing it in the top 23.4%.
Is Mfc Asset Management PCL's Return-on-Tangible-Equity too high?
Mfc Asset Management PCL's current Return-on-Tangible-Equity of 21.34% is 41% above median its 10-year median of 15.12. Over the past 10 years, this metric has ranged from a low of 11.06 to a high of 25.93. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Mfc Asset Management PCL's value of 21.34% is 196% above this industry median. Based on the distribution chart, Mfc Asset Management PCL ranks #373 out of 1591 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Mfc Asset Management PCL has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mfc Asset Management PCL's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Mfc Asset Management PCL ranks #373 out of 1591 companies for Return-on-Tangible-Equity. This places Mfc Asset Management PCL in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.21. Mfc Asset Management PCL's value of 21.34% is 196% above this benchmark. Historically, Mfc Asset Management PCL's own Return-on-Tangible-Equity has ranged from 11.06 to 25.93 over the past decade. While the company's 10-year median is 15.12 vs. the industry median of 7.21, Mfc Asset Management 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,591 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. Mfc Asset Management PCL's current Return-on-Tangible-Equity of 21.34% is 196% 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 Mfc Asset Management PCL and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mfc Asset Management PCL's current Return-on-Tangible-Equity is 21.34%, which is 41% above median its own 10-year median of 15.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mfc Asset Management PCL stock overvalued right now?
Based on GuruFocus' analysis, Mfc Asset Management PCL (BKK:MFC) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿32.08, compared to a current price of ฿19.80 — trading 38.3% below its estimated fair value. The current Return-on-Tangible-Equity is 21.34%, which is 41% above median its 10-year median of 15.12 and 196% above the Asset Management industry median of 7.21. Mfc Asset Management PCL's overall GF Score™ is 72/100 with 1 warning sign 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 Mfc Asset Management PCL (BKK:MFC), the current Return-on-Tangible-Equity is 21.34% 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 Mfc Asset Management PCL (BKK:MFC) Overvalued in 2026?
Based on GuruFocus' analysis, Mfc Asset Management PCL stock appears to be undervalued.
The current stock price of ฿19.80 is trading 38.3% below its estimated GF Value™ of ฿32.08.
GuruFocus considers Mfc Asset Management PCL to be Significantly Undervalued.
Key valuation signals for BKK:MFC:
Return-on-Tangible-Equity: 21.34% (41% above median its 10-year median of 15.12)
GF Value™: ฿32.08 vs. price of ฿19.80 (38.3% below fair value)
Industry Position: 196% above the Asset Management median (#373 of 1591)
No single metric tells the full story. See the BKK:MFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mfc Asset Management PCL is a Thailand-based company that engages in the provision of fund management services. The company is licensed to manage mutual funds, provident funds, private funds, securities registrar, and real estate investment trusts. Its only operating segment is fund management.
72GF Score
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