NL Development PCLBKK:NL 16 Return-on-Tangible-Equity is -2.64% as of Mar. 2026. GuruFocus rates BKK:NL with a GF Score™ of 16/100. The stock has 2 warning signs investors should review. Among 1,709 Construction companies, NL Development PCL ranks worse than 81.63% 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. NL Development PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿-20 Mil. NL Development PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿769 Mil. Therefore, NL Development PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -2.64%.
The historical rank and industry rank for NL Development PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:NL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.27 Med: 9.47 Max: 24.16
Current: -3.27
During the past 5 years, NL Development PCL's highest Return-on-Tangible-Equity was 24.16%. The lowest was -3.27%. And the median was 9.47%.
BKK:NL's Return-on-Tangible-Equity is ranked worse than 81.63% of 1709
companies
in the Construction industry
Industry Median: 8.21
vs BKK:NL: -3.27
NL Development PCL (BKK:NL) 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.
NL Development PCL Return-on-Tangible-Equity Related Terms
NL Development PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for NL Development 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.
NL Development PCL Return-on-Tangible-Equity Chart
BKK:NL vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, NL Development 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.
NL Development PCL Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, NL Development PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NL Development 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 -2.64% mean?
NL Development PCL (BKK:NL) has a Return-on-Tangible-Equity of -2.64% 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 NL Development PCL and its competitors. According to the industry distribution chart, NL Development PCL ranks #1395 out of 1709 companies in the Construction industry, placing it in the top 81.6%.
Is NL Development PCL's Return-on-Tangible-Equity too high?
NL Development PCL's current Return-on-Tangible-Equity is -2.64%. Based on the distribution chart, NL Development PCL ranks #1395 out of 1709 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, NL Development PCL has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does NL Development PCL's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, NL Development PCL ranks #1395 out of 1709 companies for Return-on-Tangible-Equity. This places NL Development PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.21. 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.21, based on 1,709 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 NL Development PCL and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NL Development PCL's current Return-on-Tangible-Equity is -2.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NL Development PCL stock overvalued right now?
NL Development PCL (BKK:NL) has a current Return-on-Tangible-Equity of -2.64%. The current Return-on-Tangible-Equity is -2.64%. NL Development PCL's overall GF Score™ is 16/100 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 NL Development PCL (BKK:NL), the current Return-on-Tangible-Equity is -2.64% 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.
NL Development PCL is engaged in business of contractor and general construction. It provides surveying, design, and construction services for all types of buildings, including the installation of various engineering systems and public infrastructure construction.
16GF Score
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