Maybank Securities (Thailand) PCLBKK:MST-R 59 Return-on-Tangible-Equity is 13.70% as of Mar. 2026, which is 34% above its 10-year median of 10.19. GuruFocus rates BKK:MST-R with a GF Score™ of 59/100 and a GF Value™ of ฿6.44. The stock has 7 warning signs investors should review. Among 781 Capital Markets companies, Maybank Securities (Thailand) PCL ranks worse than 54.67% on this metric.
The historical rank and industry rank for Maybank Securities (Thailand) PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:MST-R'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.38 Med: 10.19 Max: 20.21
Current: 5.2
During the past 13 years, Maybank Securities (Thailand) PCL's highest Return-on-Tangible-Equity was 20.21%. The lowest was 4.38%. And the median was 10.19%.
BKK:MST-R's Return-on-Tangible-Equity is ranked worse than 54.67% of 781
companies
in the Capital Markets industry
Industry Median: 6.44
vs BKK:MST-R: 5.20
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.
Maybank Securities (Thailand) PCL Return-on-Tangible-Equity Related Terms
Maybank Securities (Thailand) PCL 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.
BKK:MST-R vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Maybank Securities (Thailand) 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.
Maybank Securities (Thailand) PCL Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Maybank Securities (Thailand) PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Maybank Securities (Thailand) 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 13.70% mean?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a Return-on-Tangible-Equity of 13.70% 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 Maybank Securities (Thailand) PCL and its competitors. This is 34% above median its historical median of 10.19. Over the past decade, Maybank Securities (Thailand) PCL's Return-on-Tangible-Equity has ranged from 4.38 to 20.21. According to the industry distribution chart, Maybank Securities (Thailand) PCL ranks #427 out of 781 companies in the Capital Markets industry, placing it in the top 54.7%.
Is Maybank Securities (Thailand) PCL's Return-on-Tangible-Equity too high?
Maybank Securities (Thailand) PCL's current Return-on-Tangible-Equity of 13.70% is 34% above median its 10-year median of 10.19. Over the past 10 years, this metric has ranged from a low of 4.38 to a high of 20.21. The Capital Markets industry median Return-on-Tangible-Equity is 6.44. Maybank Securities (Thailand) PCL's value of 13.70% is 112.7% above this industry median. Based on the distribution chart, Maybank Securities (Thailand) PCL ranks #427 out of 781 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Maybank Securities (Thailand) PCL has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Maybank Securities (Thailand) PCL's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Maybank Securities (Thailand) PCL ranks #427 out of 781 companies for Return-on-Tangible-Equity. This places Maybank Securities (Thailand) PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.44. Maybank Securities (Thailand) PCL's value of 13.70% is 112.7% above this benchmark. Historically, Maybank Securities (Thailand) PCL's own Return-on-Tangible-Equity has ranged from 4.38 to 20.21 over the past decade. While the company's 10-year median is 10.19 vs. the industry median of 6.44, Maybank Securities (Thailand) 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.44, based on 781 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. Maybank Securities (Thailand) PCL's current Return-on-Tangible-Equity of 13.70% is 112.7% 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 Maybank Securities (Thailand) PCL and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maybank Securities (Thailand) PCL's current Return-on-Tangible-Equity is 13.70%, which is 34% above median its own 10-year median of 10.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maybank Securities (Thailand) PCL stock overvalued right now?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a current Return-on-Tangible-Equity of 13.70%. The stock's GF Value™ is ฿6.44, compared to a current price of ฿6.85 — trading 6.4% above its estimated fair value. The current Return-on-Tangible-Equity is 13.70%, which is 34% above median its 10-year median of 10.19 and 112.7% above the Capital Markets industry median of 6.44. Maybank Securities (Thailand) PCL's overall GF Score™ is 59/100 with 7 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 Maybank Securities (Thailand) PCL (BKK:MST-R), the current Return-on-Tangible-Equity is 13.70% 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 Maybank Securities (Thailand) PCL (BKK:MST-R) Overvalued in 2026?
Based on GuruFocus' analysis, Maybank Securities (Thailand) PCL stock appears to be overvalued.
The current stock price of ฿6.85 is trading 6.4% above its estimated GF Value™ of ฿6.44.
Key valuation signals for BKK:MST-R:
Return-on-Tangible-Equity: 13.70% (34% above median its 10-year median of 10.19)
GF Value™: ฿6.44 vs. price of ฿6.85 (6.4% above fair value)
Industry Position: 112.7% above the Capital Markets median (#427 of 781)
No single metric tells the full story. See the BKK:MST-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maybank Securities (Thailand) PCL Business Description
Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which also generates key revenue, provides services like securities brokering, derivative brokering, securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing and lending, and corporate finance advisory services.
59GF Score
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