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.
Mfc-Nichada Thani Property FundBKK:MNIT +2.60%81 Return-on-Tangible-Equity is 2.85% as of Mar. 2026, which is 138% above its 10-year median of 1.20. GuruFocus rates BKK:MNIT with a GF Score™ of 81/100 and a GF Value™ of ฿2.42 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 929 REITs companies, Mfc-Nichada Thani Property Fund ranks worse than 68.68% on this metric.
The historical rank and industry rank for Mfc-Nichada Thani Property Fund's Return-on-Tangible-Equity or its related term are showing as below:
BKK:MNIT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.23 Med: 1.2 Max: 3.13
Current: 3.02
During the past 13 years, Mfc-Nichada Thani Property Fund's highest Return-on-Tangible-Equity was 3.13%. The lowest was -1.23%. And the median was 1.20%.
BKK:MNIT's Return-on-Tangible-Equity is ranked worse than 68.68% of 929
companies
in the REITs industry
Industry Median: 6.25
vs BKK:MNIT: 3.02
Mfc-Nichada Thani Property Fund (BKK:MNIT) 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.
Mfc-Nichada Thani Property Fund Return-on-Tangible-Equity Related Terms
Mfc-Nichada Thani Property Fund Return-on-Tangible-Equity Historical Data
* 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.
Mfc-Nichada Thani Property Fund Return-on-Tangible-Equity Chart
BKK:MNIT vs AVB, EQR, ESS: Return-on-Tangible-Equity Comparison
For the REIT - Residential subindustry, Mfc-Nichada Thani 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.
Mfc-Nichada Thani Property Fund Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Mfc-Nichada Thani Property Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mfc-Nichada Thani 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 2.85% mean?
Mfc-Nichada Thani Property Fund (BKK:MNIT) has a Return-on-Tangible-Equity of 2.85% 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-Nichada Thani Property Fund and its competitors. This is 138% above median its historical median of 1.20. According to the industry distribution chart, Mfc-Nichada Thani Property Fund ranks #638 out of 929 companies in the REITs industry, placing it in the top 68.7%.
Is Mfc-Nichada Thani Property Fund's Return-on-Tangible-Equity too high?
Mfc-Nichada Thani Property Fund's current Return-on-Tangible-Equity of 2.85% is 138% above median its 10-year median of 1.20. The REITs industry median Return-on-Tangible-Equity is 6.25. Mfc-Nichada Thani Property Fund's value of 2.85% is 54.4% below this industry median. Based on the distribution chart, Mfc-Nichada Thani Property Fund ranks #638 out of 929 companies in the REITs industry, which is below the industry midpoint. Overall, Mfc-Nichada Thani Property Fund has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mfc-Nichada Thani Property Fund's Return-on-Tangible-Equity compare to AVB and EQR?
According to the REITs industry distribution chart, Mfc-Nichada Thani Property Fund ranks #638 out of 929 companies for Return-on-Tangible-Equity. This places Mfc-Nichada Thani Property Fund in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.25. Mfc-Nichada Thani Property Fund's value of 2.85% is 54.4% below this benchmark. While the company's 10-year median is 1.20 vs. the industry median of 6.25, Mfc-Nichada Thani Property Fund 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 REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.25, based on 929 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-Nichada Thani Property Fund's current Return-on-Tangible-Equity of 2.85% is 54.4% 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 Mfc-Nichada Thani Property Fund and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mfc-Nichada Thani Property Fund's current Return-on-Tangible-Equity is 2.85%, which is 138% above median its own 10-year median of 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mfc-Nichada Thani Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Mfc-Nichada Thani Property Fund (BKK:MNIT) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.42, compared to a current price of ฿1.97 — trading 18.6% below its estimated fair value. The current Return-on-Tangible-Equity is 2.85%, which is 138% above median its 10-year median of 1.20 and 54.4% below the REITs industry median of 6.25. Mfc-Nichada Thani Property Fund's overall GF Score™ is 81/100 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 Mfc-Nichada Thani Property Fund (BKK:MNIT), the current Return-on-Tangible-Equity is 2.85% 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-Nichada Thani Property Fund (BKK:MNIT) Overvalued in 2026?
Based on GuruFocus' analysis, Mfc-Nichada Thani Property Fund stock appears to be undervalued.
The current stock price of ฿1.97 is trading 18.6% below its estimated GF Value™ of ฿2.42.
GuruFocus considers Mfc-Nichada Thani Property Fund to be Modestly Undervalued.
Key valuation signals for BKK:MNIT:
Return-on-Tangible-Equity: 2.85% (138% above median its 10-year median of 1.20)
GF Value™: ฿2.42 vs. price of ฿1.97 (18.6% below fair value)
Industry Position: 54.4% below the REITs median (#638 of 929)
No single metric tells the full story. See the BKK:MNIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mfc-Nichada Thani Property Fund Business Description
Mfc-Nichada Thani Property Fund is a close-ended property fund with no maturity date. The fund's objective is to use the proceeds from the sale of investment units to invest in properties for residential buildings including land and private houses for a living, which is in Amphur Pakkred, Nonthaburi. It operates under one segment namely Rental of Properties in Thailand.
81GF Score
Get the complete analysis for BKK:MNIT
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:MNIT has been successfully added to your 
