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Pan Asia Footwear PCLBKK:PAF +1.06%54 Return-on-Tangible-Equity is 8.30% as of Mar. 2026, which is 131% above its 10-year median of 3.59. GuruFocus rates BKK:PAF with a GF Score™ of 54/100 and a GF Value™ of ฿0.89 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,014 Manufacturing - Apparel & Accessories companies, Pan Asia Footwear PCL ranks worse than 53.45% 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. Pan Asia Footwear PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿51 Mil. Pan Asia Footwear PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿618 Mil. Therefore, Pan Asia Footwear PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.30%.
The historical rank and industry rank for Pan Asia Footwear PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:PAF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -10.33 Med: 3.59 Max: 72.11
Current: 3.68
During the past 13 years, Pan Asia Footwear PCL's highest Return-on-Tangible-Equity was 72.11%. The lowest was -10.33%. And the median was 3.59%.
BKK:PAF's Return-on-Tangible-Equity is ranked worse than 53.45% of 1014
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43
vs BKK:PAF: 3.68
Pan Asia Footwear PCL (BKK:PAF) 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.
Pan Asia Footwear PCL Return-on-Tangible-Equity Related Terms
Pan Asia Footwear PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Pan Asia Footwear 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.
Pan Asia Footwear PCL Return-on-Tangible-Equity Chart
BKK:PAF vs NKE, DECK, ONON: Return-on-Tangible-Equity Comparison
For the Footwear & Accessories subindustry, Pan Asia Footwear 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.
Pan Asia Footwear PCL Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pan Asia Footwear PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Pan Asia Footwear 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 8.30% mean?
Pan Asia Footwear PCL (BKK:PAF) has a Return-on-Tangible-Equity of 8.30% 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 Pan Asia Footwear PCL and its competitors. This is 131% above median its historical median of 3.59. According to the industry distribution chart, Pan Asia Footwear PCL ranks #542 out of 1014 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 53.5%.
Is Pan Asia Footwear PCL's Return-on-Tangible-Equity too high?
Pan Asia Footwear PCL's current Return-on-Tangible-Equity of 8.30% is 131% above median its 10-year median of 3.59. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.43. Pan Asia Footwear PCL's value of 8.30% is 87.4% above this industry median. Based on the distribution chart, Pan Asia Footwear PCL ranks #542 out of 1014 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Pan Asia Footwear PCL has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pan Asia Footwear PCL's Return-on-Tangible-Equity compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Pan Asia Footwear PCL ranks #542 out of 1014 companies for Return-on-Tangible-Equity. This places Pan Asia Footwear PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.43. Pan Asia Footwear PCL's value of 8.30% is 87.4% above this benchmark. While the company's 10-year median is 3.59 vs. the industry median of 4.43, Pan Asia Footwear 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,014 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. Pan Asia Footwear PCL's current Return-on-Tangible-Equity of 8.30% is 87.4% 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 Pan Asia Footwear PCL and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan Asia Footwear PCL's current Return-on-Tangible-Equity is 8.30%, which is 131% above median its own 10-year median of 3.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan Asia Footwear PCL stock overvalued right now?
Based on GuruFocus' analysis, Pan Asia Footwear PCL (BKK:PAF) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.89, compared to a current price of ฿0.95 — trading 6.7% above its estimated fair value. The current Return-on-Tangible-Equity is 8.30%, which is 131% above median its 10-year median of 3.59 and 87.4% above the Manufacturing - Apparel & Accessories industry median of 4.43. Pan Asia Footwear PCL's overall GF Score™ is 54/100 with 9 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 Pan Asia Footwear PCL (BKK:PAF), the current Return-on-Tangible-Equity is 8.30% 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 Pan Asia Footwear PCL (BKK:PAF) Overvalued in 2026?
Based on GuruFocus' analysis, Pan Asia Footwear PCL stock appears to be overvalued.
The current stock price of ฿0.95 is trading 6.7% above its estimated GF Value™ of ฿0.89.
GuruFocus considers Pan Asia Footwear PCL to be Fairly Valued.
Key valuation signals for BKK:PAF:
Return-on-Tangible-Equity: 8.30% (131% above median its 10-year median of 3.59)
GF Value™: ฿0.89 vs. price of ฿0.95 (6.7% above fair value)
Industry Position: 87.4% above the Manufacturing - Apparel & Accessories median (#542 of 1014)
No single metric tells the full story. See the BKK:PAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pan Asia Footwear PCL is engaged in Organic farming business, Manufacture, distribution and export of footwear and Distribution. Its segments include manufacture and distribution of footwear and bag, manufacture of soles and parts for footwear, Production support business, consisting of plastic parts injection, molds manufacture and repair, fabric manufacture and dyeing, and cutting board and eyelet, The organic farming business and others, and Distribution. It derives the majority of the revenue from manufacture and distribution of footwear and bag segment. It operates in geographical segments by selling both in local and oversea.
54GF Score
Get the complete analysis for BKK:PAF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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