Modernform Group PCLBKK:MODERN 58 Return-on-Tangible-Equity is -3.24% as of Mar. 2026. GuruFocus rates BKK:MODERN with a GF Score™ of 58/100 and a GF Value™ of ฿2.06 (Fairly Valued). The stock has 6 warning signs investors should review. Among 420 Furnishings, Fixtures & Appliances companies, Modernform Group PCL ranks worse than 53.57% 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. Modernform Group PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿-68 Mil. Modernform Group PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿2,112 Mil. Therefore, Modernform Group PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -3.24%.
The historical rank and industry rank for Modernform Group PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:MODERN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.71 Med: 5.5 Max: 8.72
Current: 3.79
During the past 13 years, Modernform Group PCL's highest Return-on-Tangible-Equity was 8.72%. The lowest was 1.71%. And the median was 5.50%.
BKK:MODERN's Return-on-Tangible-Equity is ranked worse than 53.57% of 420
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 5.075
vs BKK:MODERN: 3.79
Modernform Group PCL (BKK:MODERN) 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.
Modernform Group PCL Return-on-Tangible-Equity Related Terms
Modernform Group PCL Return-on-Tangible-Equity Historical Data
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The historical data trend for Modernform Group 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.
Modernform Group PCL Return-on-Tangible-Equity Chart
BKK:MODERN vs SN, SGI, MHK: Return-on-Tangible-Equity Comparison
For the Furnishings, Fixtures & Appliances subindustry, Modernform Group 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.
Modernform Group PCL Return-on-Tangible-Equity vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Modernform Group PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Modernform Group 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 -3.24% mean?
Modernform Group PCL (BKK:MODERN) has a Return-on-Tangible-Equity of -3.24% 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 Modernform Group PCL and its competitors. Over the past decade, Modernform Group PCL's Return-on-Tangible-Equity has ranged from 1.71 to 8.72. According to the industry distribution chart, Modernform Group PCL ranks #225 out of 420 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 53.6%.
Is Modernform Group PCL's Return-on-Tangible-Equity too high?
Modernform Group PCL's current Return-on-Tangible-Equity is -3.24%. Over the past 10 years, this metric has ranged from a low of 1.71 to a high of 8.72. Based on the distribution chart, Modernform Group PCL ranks #225 out of 420 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Modernform Group PCL has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Modernform Group PCL's Return-on-Tangible-Equity compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Modernform Group PCL ranks #225 out of 420 companies for Return-on-Tangible-Equity. This places Modernform Group PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.08. Historically, Modernform Group PCL's own Return-on-Tangible-Equity has ranged from 1.71 to 8.72 over the past decade. 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 Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Equity among Furnishings, Fixtures & Appliances companies is 5.08, based on 420 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. 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 Modernform Group PCL and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Equity is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modernform Group PCL's current Return-on-Tangible-Equity is -3.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modernform Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Modernform Group PCL (BKK:MODERN) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.06, compared to a current price of ฿2.04 — trading 1% below its estimated fair value. The current Return-on-Tangible-Equity is -3.24%. Modernform Group PCL's overall GF Score™ is 58/100 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 Modernform Group PCL (BKK:MODERN), the current Return-on-Tangible-Equity is -3.24% 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 Modernform Group PCL (BKK:MODERN) Overvalued in 2026?
Based on GuruFocus' analysis, Modernform Group PCL stock appears to be undervalued.
The current stock price of ฿2.04 is trading 1% below its estimated GF Value™ of ฿2.06.
GuruFocus considers Modernform Group PCL to be Fairly Valued.
Key valuation signals for BKK:MODERN:
Return-on-Tangible-Equity: -3.24%
GF Value™: ฿2.06 vs. price of ฿2.04 (1% below fair value)
No single metric tells the full story. See the BKK:MODERN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Modernform Group PCL is involved in the manufacturing and distribution of home and office furniture. The business of the group is operated through four reportable segments: furniture business, furniture fitting and other materials business, rental and service business, and architectural design and construction business. A majority of its revenue is generated from the furniture business, which consists of office furniture products, residential furniture products, kitchen furniture products; bathroom furniture products, and others. All the operations functioned throughout the region of Thailand.
58GF Score
Get the complete analysis for BKK:MODERN
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