North East Rubber PCLBKK:NER-R 89 Return-on-Tangible-Equity is 16.62% as of Dec. 2025, which is 30% below its 10-year median of 23.82. GuruFocus rates BKK:NER-R with a GF Score™ of 89/100 and a GF Value™ of ฿5.92. The stock has 5 warning signs investors should review. Among 1,575 Chemicals companies, North East Rubber PCL ranks better than 89.46% 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. North East Rubber PCL's annualized net income for the quarter that ended in Dec. 2025 was ฿1,580 Mil. North East Rubber PCL's average shareholder tangible equity for the quarter that ended in Dec. 2025 was ฿9,507 Mil. Therefore, North East Rubber PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 16.62%.
The historical rank and industry rank for North East Rubber PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:NER-R'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.78 Med: 23.82 Max: 40.5
Current: 20.63
During the past 12 years, North East Rubber PCL's highest Return-on-Tangible-Equity was 40.50%. The lowest was 1.78%. And the median was 23.82%.
BKK:NER-R's Return-on-Tangible-Equity is ranked better than 89.46% of 1575
companies
in the Chemicals industry
Industry Median: 5.7
vs BKK:NER-R: 20.63
North East Rubber PCL (BKK:NER-R) 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.
North East Rubber PCL Return-on-Tangible-Equity Related Terms
North East Rubber PCL Return-on-Tangible-Equity Historical Data
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The historical data trend for North East Rubber 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.
North East Rubber PCL Return-on-Tangible-Equity Chart
BKK:NER-R vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, North East Rubber 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.
North East Rubber PCL Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, North East Rubber PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where North East Rubber 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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 16.62% mean?
North East Rubber PCL (BKK:NER-R) has a Return-on-Tangible-Equity of 16.62% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on North East Rubber PCL and its competitors. This is 30% below median its historical median of 23.82. Over the past decade, North East Rubber PCL's Return-on-Tangible-Equity has ranged from 1.78 to 40.50. According to the industry distribution chart, North East Rubber PCL ranks #166 out of 1575 companies in the Chemicals industry, placing it in the top 10.5%.
Is North East Rubber PCL's Return-on-Tangible-Equity too high?
North East Rubber PCL's current Return-on-Tangible-Equity of 16.62% is 30% below median its 10-year median of 23.82. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 40.50. The Chemicals industry median Return-on-Tangible-Equity is 5.70. North East Rubber PCL's value of 16.62% is 191.6% above this industry median. Based on the distribution chart, North East Rubber PCL ranks #166 out of 1575 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, North East Rubber PCL has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does North East Rubber PCL's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, North East Rubber PCL ranks #166 out of 1575 companies for Return-on-Tangible-Equity. This places North East Rubber PCL in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.70. North East Rubber PCL's value of 16.62% is 191.6% above this benchmark. Historically, North East Rubber PCL's own Return-on-Tangible-Equity has ranged from 1.78 to 40.50 over the past decade. While the company's 10-year median is 23.82 vs. the industry median of 5.70, North East Rubber 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.70, based on 1,575 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. North East Rubber PCL's current Return-on-Tangible-Equity of 16.62% is 191.6% 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 North East Rubber PCL and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North East Rubber PCL's current Return-on-Tangible-Equity is 16.62%, which is 30% below median its own 10-year median of 23.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North East Rubber PCL stock overvalued right now?
North East Rubber PCL (BKK:NER-R) has a current Return-on-Tangible-Equity of 16.62%. The stock's GF Value™ is ฿5.92, compared to a current price of ฿4.76 — trading 19.6% below its estimated fair value. The current Return-on-Tangible-Equity is 16.62%, which is 30% below median its 10-year median of 23.82 and 191.6% above the Chemicals industry median of 5.70. North East Rubber PCL's overall GF Score™ is 89/100 with 5 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 North East Rubber PCL (BKK:NER-R), the current Return-on-Tangible-Equity is 16.62% as of Dec. 2025. 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 North East Rubber PCL (BKK:NER-R) Overvalued in 2026?
Based on GuruFocus' analysis, North East Rubber PCL stock appears to be undervalued.
The current stock price of ฿4.76 is trading 19.6% below its estimated GF Value™ of ฿5.92.
Key valuation signals for BKK:NER-R:
Return-on-Tangible-Equity: 16.62% (30% below median its 10-year median of 23.82)
GF Value™: ฿5.92 vs. price of ฿4.76 (19.6% below fair value)
Industry Position: 191.6% above the Chemicals median (#166 of 1575)
No single metric tells the full story. See the BKK:NER-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
North East Rubber PCL Company and its subsidiary have a single core operating segment (identified by internal reporting segments), i.e., manufacturing and sales of rubber smoked sheets, skim block rubbers, and other rubber products, both domestically and abroad. Geographically, the maximum revenue is generated from Thailand.
89GF Score
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