Nonthavej Hospital PCL (BKK:NTV) Return-on-Tangible-Equity: 6.43% (As of Mar. 2026) — 56% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:NTV Nonthavej Hospital PCL BKK:NTV
69 GF Score
Price ฿19.10
GF Value ฿28.89
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Nonthavej Hospital PCL Return-on-Tangible-Equity?

Nonthavej Hospital PCL BKK:NTV 69 Return-on-Tangible-Equity is 6.43% as of Mar. 2026, which is 56% below its 10-year median of 14.47. GuruFocus rates BKK:NTV with a GF Score™ of 69/100 and a GF Value™ of ฿28.89 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 576 Healthcare Providers & Services companies, Nonthavej Hospital PCL ranks worse than 53.65% 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. Nonthavej Hospital PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿176 Mil. Nonthavej Hospital PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿2,745 Mil. Therefore, Nonthavej Hospital PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.43%.

The historical rank and industry rank for Nonthavej Hospital PCL's Return-on-Tangible-Equity or its related term are showing as below:

BKK:NTV' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.29   Med: 14.47   Max: 20.24
Current: 9.06

During the past 13 years, Nonthavej Hospital PCL's highest Return-on-Tangible-Equity was 20.24%. The lowest was 7.29%. And the median was 14.47%.

BKK:NTV's Return-on-Tangible-Equity is ranked worse than
53.65% of 576 companies
in the Healthcare Providers & Services industry
Industry Median: 10.25 vs BKK:NTV: 9.06

Nonthavej Hospital PCL  (BKK:NTV) 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.


Nonthavej Hospital PCL Return-on-Tangible-Equity Related Terms


Nonthavej Hospital PCL Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Nonthavej Hospital 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.

Nonthavej Hospital PCL Return-on-Tangible-Equity Chart

Nonthavej Hospital PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.29 13.08 15.46 13.47 9.97

Nonthavej Hospital PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.45 8.55 11.11 9.96 6.43

BKK:NTV vs HCA, THC, DVA: Return-on-Tangible-Equity Comparison

For the Medical Care Facilities subindustry, Nonthavej Hospital 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.


Nonthavej Hospital PCL Return-on-Tangible-Equity vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Nonthavej Hospital PCL's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Nonthavej Hospital PCL's Return-on-Tangible-Equity falls into.


BKK:NTV
69GF Score
Nonthavej Hospital PCL BKK:NTV
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nonthavej Hospital PCL Return-on-Tangible-Equity Calculation

Nonthavej Hospital PCL's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=276.755/( (2744.533+2806.012 )/ 2 )
=276.755/2775.2725
=9.97 %

Nonthavej Hospital PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=176.444/( (2806.012+2683.428)/ 2 )
=176.444/2744.72
=6.43 %

* 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 6.43% mean?
Nonthavej Hospital PCL (BKK:NTV) has a Return-on-Tangible-Equity of 6.43% 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 Nonthavej Hospital PCL and its competitors. This is 56% below median its historical median of 14.47. Over the past decade, Nonthavej Hospital PCL's Return-on-Tangible-Equity has ranged from 7.29 to 20.24. According to the industry distribution chart, Nonthavej Hospital PCL ranks #309 out of 576 companies in the Healthcare Providers & Services industry, placing it in the top 53.6%.
Is Nonthavej Hospital PCL's Return-on-Tangible-Equity too high?
Nonthavej Hospital PCL's current Return-on-Tangible-Equity of 6.43% is 56% below median its 10-year median of 14.47. Over the past 10 years, this metric has ranged from a low of 7.29 to a high of 20.24. The Healthcare Providers & Services industry median Return-on-Tangible-Equity is 10.25. Nonthavej Hospital PCL's value of 6.43% is 37.3% below this industry median. Based on the distribution chart, Nonthavej Hospital PCL ranks #309 out of 576 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Nonthavej Hospital PCL has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nonthavej Hospital PCL's Return-on-Tangible-Equity compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Nonthavej Hospital PCL ranks #309 out of 576 companies for Return-on-Tangible-Equity. This places Nonthavej Hospital PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.25. Nonthavej Hospital PCL's value of 6.43% is 37.3% below this benchmark. Historically, Nonthavej Hospital PCL's own Return-on-Tangible-Equity has ranged from 7.29 to 20.24 over the past decade. While the company's 10-year median is 14.47 vs. the industry median of 10.25, Nonthavej Hospital PCL has consistently been below 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 Healthcare Providers & Services company?
The median Return-on-Tangible-Equity among Healthcare Providers & Services companies is 10.25, based on 576 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. Nonthavej Hospital PCL's current Return-on-Tangible-Equity of 6.43% is 37.3% below 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 Nonthavej Hospital PCL and its competitors. For the Healthcare Providers & Services industry, the median Return-on-Tangible-Equity is 10.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nonthavej Hospital PCL's current Return-on-Tangible-Equity is 6.43%, which is 56% below median its own 10-year median of 14.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nonthavej Hospital PCL stock overvalued right now?
Based on GuruFocus' analysis, Nonthavej Hospital PCL (BKK:NTV) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿28.89, compared to a current price of ฿19.10 — trading 33.9% below its estimated fair value. The current Return-on-Tangible-Equity is 6.43%, which is 56% below median its 10-year median of 14.47 and 37.3% below the Healthcare Providers & Services industry median of 10.25. Nonthavej Hospital PCL's overall GF Score™ is 69/100 with 1 warning sign 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 Nonthavej Hospital PCL (BKK:NTV), the current Return-on-Tangible-Equity is 6.43% 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 Nonthavej Hospital PCL (BKK:NTV) Overvalued in 2026?

Based on GuruFocus' analysis, Nonthavej Hospital PCL stock appears to be undervalued. The current stock price of ฿19.10 is trading 33.9% below its estimated GF Value™ of ฿28.89. GuruFocus considers Nonthavej Hospital PCL to be Significantly Undervalued.

Key valuation signals for BKK:NTV:

  • Return-on-Tangible-Equity: 6.43% (56% below median its 10-year median of 14.47)
  • GF Value™: ฿28.89 vs. price of ฿19.10 (33.9% below fair value)
  • GF Score™: 69/100 with 1 warning sign
  • Industry Position: 37.3% below the Healthcare Providers & Services median (#309 of 576)

No single metric tells the full story. See the BKK:NTV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nonthavej Hospital PCL Business Description

Address 432, Ngamvongwan Road, Bang Khen Subdistrict, Mueang Nonthaburi, Nonthaburi, THA, 11000
Nonthavej Hospital PCL is engaged in the business of medical treatment in Thailand. It provides medical services by specialist physicians in all fields, supported by an experienced medical team. Its facilities include diagnostic and treatment equipment, a wellness center, a mobile digital X-ray unit for on-site and off-site health assessments, and ambulance services for patient transportation. The majority of the company's revenue is derived from hospital operations, which mainly consist of medical fees, hospital room sales, and medicine sales.
69GF Score

Get the complete analysis for BKK:NTV

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿19.10
Price
฿28.89
GF Value