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.
MFEC PCLBKK:MFEC +0.85%75 Return-on-Tangible-Equity is 12.60% as of Mar. 2026, which is 12% below its 10-year median of 14.35. GuruFocus rates BKK:MFEC with a GF Score™ of 75/100 and a GF Value™ of ฿6.02 (Fairly Valued). The stock has 6 warning signs investors should review. Among 2,476 Software companies, MFEC PCL ranks better than 53.76% 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. MFEC PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿293 Mil. MFEC PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿2,329 Mil. Therefore, MFEC PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.60%.
The historical rank and industry rank for MFEC PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:MFEC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -11.58 Med: 14.35 Max: 33.91
Current: 10.82
During the past 13 years, MFEC PCL's highest Return-on-Tangible-Equity was 33.91%. The lowest was -11.58%. And the median was 14.35%.
BKK:MFEC's Return-on-Tangible-Equity is ranked better than 53.76% of 2476
companies
in the Software industry
Industry Median: 8.82
vs BKK:MFEC: 10.82
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.
MFEC PCL Return-on-Tangible-Equity Related Terms
MFEC PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for MFEC 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:MFEC vs IBM, ACN, FISV: Return-on-Tangible-Equity Comparison
For the Information Technology Services subindustry, MFEC 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.
MFEC PCL Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, MFEC PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where MFEC 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 12.60% mean?
MFEC PCL (BKK:MFEC) has a Return-on-Tangible-Equity of 12.60% 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 MFEC PCL and its competitors. This is 12% below median its historical median of 14.35. According to the industry distribution chart, MFEC PCL ranks #1145 out of 2476 companies in the Software industry, placing it in the top 46.2%.
Is MFEC PCL's Return-on-Tangible-Equity too high?
MFEC PCL's current Return-on-Tangible-Equity of 12.60% is 12% below median its 10-year median of 14.35. The Software industry median Return-on-Tangible-Equity is 8.82. MFEC PCL's value of 12.60% is 42.9% above this industry median. Based on the distribution chart, MFEC PCL ranks #1145 out of 2476 companies in the Software industry, which is above the industry midpoint. Overall, MFEC PCL has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MFEC PCL's Return-on-Tangible-Equity compare to IBM and ACN?
According to the Software industry distribution chart, MFEC PCL ranks #1145 out of 2476 companies for Return-on-Tangible-Equity. This puts MFEC PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.82. MFEC PCL's value of 12.60% is 42.9% above this benchmark. While the company's 10-year median is 14.35 vs. the industry median of 8.82, MFEC 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.82, based on 2,476 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. MFEC PCL's current Return-on-Tangible-Equity of 12.60% is 42.9% 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 MFEC PCL and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MFEC PCL's current Return-on-Tangible-Equity is 12.60%, which is 12% below median its own 10-year median of 14.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MFEC PCL stock overvalued right now?
Based on GuruFocus' analysis, MFEC PCL (BKK:MFEC) is currently considered Fairly Valued. The stock's GF Value™ is ฿6.02, compared to a current price of ฿5.90 — trading 2% below its estimated fair value. The current Return-on-Tangible-Equity is 12.60%, which is 12% below median its 10-year median of 14.35 and 42.9% above the Software industry median of 8.82. MFEC PCL's overall GF Score™ is 75/100 with 6 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 MFEC PCL (BKK:MFEC), the current Return-on-Tangible-Equity is 12.60% 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 MFEC PCL (BKK:MFEC) Overvalued in 2026?
Based on GuruFocus' analysis, MFEC PCL stock appears to be undervalued.
The current stock price of ฿5.90 is trading 2% below its estimated GF Value™ of ฿6.02.
GuruFocus considers MFEC PCL to be Fairly Valued.
Key valuation signals for BKK:MFEC:
Return-on-Tangible-Equity: 12.60% (12% below median its 10-year median of 14.35)
GF Value™: ฿6.02 vs. price of ฿5.90 (2% below fair value)
Industry Position: 42.9% above the Software median (#1145 of 2476)
No single metric tells the full story. See the BKK:MFEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MFEC PCL is involved in the sales of computers, computer systems, system implementation, maintenance service program development, and provision of related services. The firm operates in segments, which are IT Professional Services, System Integration, and Maintenance Services and Cloud computing service. Systems Integration involves the process of design, procurement, and implementation of computer systems and IT infrastructures. The majority of its revenue is generated from Maintenance services. Maintenance services include telephone support through help-desk and hotline numbers, remote diagnosis, onsite standby, and troubleshooting.
75GF Score
Get the complete analysis for BKK:MFEC
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:MFEC has been successfully added to your 
