Millionaire Property FundBKK:MIPF +1.08%80 Return-on-Tangible-Equity is 6.38% as of Mar. 2026, which is 20% above its 10-year median of 5.32. GuruFocus rates BKK:MIPF with a GF Score™ of 80/100 and a GF Value™ of ฿10.93 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 935 REITs companies, Millionaire Property Fund ranks worse than 62.67% 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. Millionaire Property Fund's annualized net income for the quarter that ended in Mar. 2026 was ฿146.1 Mil. Millionaire Property Fund's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿2,289.0 Mil. Therefore, Millionaire Property Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.38%.
The historical rank and industry rank for Millionaire Property Fund's Return-on-Tangible-Equity or its related term are showing as below:
BKK:MIPF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.02 Med: 5.32 Max: 8.96
Current: 4.46
During the past 13 years, Millionaire Property Fund's highest Return-on-Tangible-Equity was 8.96%. The lowest was 2.02%. And the median was 5.32%.
BKK:MIPF's Return-on-Tangible-Equity is ranked worse than 62.67% of 935
companies
in the REITs industry
Industry Median: 6.23
vs BKK:MIPF: 4.46
Millionaire Property Fund (BKK:MIPF) 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.
Millionaire Property Fund Return-on-Tangible-Equity Related Terms
Millionaire Property Fund Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Millionaire Property Fund'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.
Millionaire Property Fund Return-on-Tangible-Equity Chart
BKK:MIPF vs BXP, ARE, VNO: Return-on-Tangible-Equity Comparison
For the REIT - Office subindustry, Millionaire Property Fund'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.
Millionaire Property Fund Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Millionaire Property Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Millionaire Property Fund'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 6.38% mean?
Millionaire Property Fund (BKK:MIPF) has a Return-on-Tangible-Equity of 6.38% 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 Millionaire Property Fund and its competitors. This is 20% above median its historical median of 5.32. Over the past decade, Millionaire Property Fund's Return-on-Tangible-Equity has ranged from 2.02 to 8.96. According to the industry distribution chart, Millionaire Property Fund ranks #586 out of 935 companies in the REITs industry, placing it in the top 62.7%.
Is Millionaire Property Fund's Return-on-Tangible-Equity too high?
Millionaire Property Fund's current Return-on-Tangible-Equity of 6.38% is 20% above median its 10-year median of 5.32. Over the past 10 years, this metric has ranged from a low of 2.02 to a high of 8.96. The REITs industry median Return-on-Tangible-Equity is 6.23. Millionaire Property Fund's value of 6.38% is 2.4% above this industry median. Based on the distribution chart, Millionaire Property Fund ranks #586 out of 935 companies in the REITs industry, which is below the industry midpoint. Overall, Millionaire Property Fund has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Millionaire Property Fund's Return-on-Tangible-Equity compare to BXP and ARE?
According to the REITs industry distribution chart, Millionaire Property Fund ranks #586 out of 935 companies for Return-on-Tangible-Equity. This places Millionaire Property Fund in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.23. Millionaire Property Fund's value of 6.38% is 2.4% above this benchmark. Historically, Millionaire Property Fund's own Return-on-Tangible-Equity has ranged from 2.02 to 8.96 over the past decade. While the company's 10-year median is 5.32 vs. the industry median of 6.23, Millionaire Property Fund 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 REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.23, based on 935 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. Millionaire Property Fund's current Return-on-Tangible-Equity of 6.38% is 2.4% 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 Millionaire Property Fund and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millionaire Property Fund's current Return-on-Tangible-Equity is 6.38%, which is 20% above median its own 10-year median of 5.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millionaire Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Millionaire Property Fund (BKK:MIPF) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿10.93, compared to a current price of ฿9.35 — trading 14.5% below its estimated fair value. The current Return-on-Tangible-Equity is 6.38%, which is 20% above median its 10-year median of 5.32 and 2.4% above the REITs industry median of 6.23. Millionaire Property Fund's overall GF Score™ is 80/100 with 2 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 Millionaire Property Fund (BKK:MIPF), the current Return-on-Tangible-Equity is 6.38% 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 Millionaire Property Fund (BKK:MIPF) Overvalued in 2026?
Based on GuruFocus' analysis, Millionaire Property Fund stock appears to be undervalued.
The current stock price of ฿9.35 is trading 14.5% below its estimated GF Value™ of ฿10.93.
GuruFocus considers Millionaire Property Fund to be Modestly Undervalued.
Key valuation signals for BKK:MIPF:
Return-on-Tangible-Equity: 6.38% (20% above median its 10-year median of 5.32)
GF Value™: ฿10.93 vs. price of ฿9.35 (14.5% below fair value)
Industry Position: 2.4% above the REITs median (#586 of 935)
No single metric tells the full story. See the BKK:MIPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Millionaire Property Fund is a close-ended property fund with no maturity date. The objective of the company is to mobilize funds from the sale of investment units to purchase and/or lease property and procure benefits from such property. The Fund operates in only one business segment which is property investments and the business is only operated in Thailand.
80GF Score
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