More Return PCLBKK:MORE Return-on-Tangible-Equity is -1.99% as of Mar. 2026. The stock has 3 warning signs investors should review. Among 497 Utilities - Regulated companies, More Return PCL ranks worse than 90.14% 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. More Return PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿-19.38 Mil. More Return PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿974.44 Mil. Therefore, More Return PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -1.99%.
The historical rank and industry rank for More Return PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:MORE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -216.71 Med: -6.66 Max: 137.49
Current: 0.34
During the past 13 years, More Return PCL's highest Return-on-Tangible-Equity was 137.49%. The lowest was -216.71%. And the median was -6.66%.
BKK:MORE's Return-on-Tangible-Equity is ranked worse than 90.14% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.9
vs BKK:MORE: 0.34
More Return PCL (BKK:MORE) 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.
More Return PCL Return-on-Tangible-Equity Related Terms
More Return PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for More Return 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:MORE vs AWK, WTRG, AWR: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Water subindustry, More Return 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.
More Return PCL Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, More Return PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where More Return 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 -1.99% mean?
More Return PCL (BKK:MORE) has a Return-on-Tangible-Equity of -1.99% 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 More Return PCL and its competitors. According to the industry distribution chart, More Return PCL ranks #448 out of 497 companies in the Utilities - Regulated industry, placing it in the top 90.1%.
Is More Return PCL's Return-on-Tangible-Equity too high?
More Return PCL's current Return-on-Tangible-Equity is -1.99%. Based on the distribution chart, More Return PCL ranks #448 out of 497 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers.
How does More Return PCL's Return-on-Tangible-Equity compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, More Return PCL ranks #448 out of 497 companies for Return-on-Tangible-Equity. This places More Return PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.90. 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 Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.90, based on 497 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 More Return PCL and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. More Return PCL's current Return-on-Tangible-Equity is -1.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is More Return PCL stock overvalued right now?
Based on GuruFocus' analysis, More Return PCL (BKK:MORE) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.05, compared to a current price of ฿0.05 — trading right at its estimated fair value. The current Return-on-Tangible-Equity is -1.99%. 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 More Return PCL (BKK:MORE), the current Return-on-Tangible-Equity is -1.99% 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.
More Return PCL is a Thailand-based company. Along with its subsidiaries, it operates in the following reportable segments; Services, Utilities, and Trading. The majority of its revenue is generated from the Utilities segment which is engaged in producing and selling treated water, and installation of water supply systems. The Services segment is responsible for consulting and organizing concerts, and the Trading segment is responsible for selling mosquito repellent spray products.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:MORE has been successfully added to your 