Pacific Pipe PCLBKK:PAP 52 Return-on-Tangible-Equity is 26.27% as of Mar. 2026, which is 541% above its 10-year median of 4.10. GuruFocus rates BKK:PAP with a GF Score™ of 52/100 and a GF Value™ of ฿1.90 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 614 Steel companies, Pacific Pipe PCL ranks better than 69.54% 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. Pacific Pipe PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿508 Mil. Pacific Pipe PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿1,932 Mil. Therefore, Pacific Pipe PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 26.27%.
The historical rank and industry rank for Pacific Pipe PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:PAP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -13.25 Med: 4.1 Max: 24.2
Current: 8.22
During the past 13 years, Pacific Pipe PCL's highest Return-on-Tangible-Equity was 24.20%. The lowest was -13.25%. And the median was 4.10%.
BKK:PAP's Return-on-Tangible-Equity is ranked better than 69.54% of 614
companies
in the Steel industry
Industry Median: 3.95
vs BKK:PAP: 8.22
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.
Pacific Pipe PCL Return-on-Tangible-Equity Related Terms
Pacific Pipe PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Pacific Pipe 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.
BKK:PAP vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Pacific Pipe 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.
Pacific Pipe PCL Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Pacific Pipe PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Pacific Pipe 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 26.27% mean?
Pacific Pipe PCL (BKK:PAP) has a Return-on-Tangible-Equity of 26.27% 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 Pacific Pipe PCL and its competitors. This is 541% above median its historical median of 4.10. According to the industry distribution chart, Pacific Pipe PCL ranks #187 out of 614 companies in the Steel industry, placing it in the top 30.5%.
Is Pacific Pipe PCL's Return-on-Tangible-Equity too high?
Pacific Pipe PCL's current Return-on-Tangible-Equity of 26.27% is 541% above median its 10-year median of 4.10. The Steel industry median Return-on-Tangible-Equity is 3.95. Pacific Pipe PCL's value of 26.27% is 565.1% above this industry median. Based on the distribution chart, Pacific Pipe PCL ranks #187 out of 614 companies in the Steel industry, which is above the industry midpoint. Overall, Pacific Pipe PCL has a GF Score™ of 52/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pacific Pipe PCL's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Pacific Pipe PCL ranks #187 out of 614 companies for Return-on-Tangible-Equity. This puts Pacific Pipe PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 3.95. Pacific Pipe PCL's value of 26.27% is 565.1% above this benchmark. While the company's 10-year median is 4.10 vs. the industry median of 3.95, Pacific Pipe 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 3.95, based on 614 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. Pacific Pipe PCL's current Return-on-Tangible-Equity of 26.27% is 565.1% 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 Pacific Pipe PCL and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 3.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pacific Pipe PCL's current Return-on-Tangible-Equity is 26.27%, which is 541% above median its own 10-year median of 4.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pacific Pipe PCL stock overvalued right now?
Based on GuruFocus' analysis, Pacific Pipe PCL (BKK:PAP) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿1.90, compared to a current price of ฿2.38 — trading 25.3% above its estimated fair value. The current Return-on-Tangible-Equity is 26.27%, which is 541% above median its 10-year median of 4.10 and 565.1% above the Steel industry median of 3.95. Pacific Pipe PCL's overall GF Score™ is 52/100 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 Pacific Pipe PCL (BKK:PAP), the current Return-on-Tangible-Equity is 26.27% 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 Pacific Pipe PCL (BKK:PAP) Overvalued in 2026?
Based on GuruFocus' analysis, Pacific Pipe PCL stock appears to be overvalued.
The current stock price of ฿2.38 is trading 25.3% above its estimated GF Value™ of ฿1.90.
GuruFocus considers Pacific Pipe PCL to be Modestly Overvalued.
Key valuation signals for BKK:PAP:
Return-on-Tangible-Equity: 26.27% (541% above median its 10-year median of 4.10)
GF Value™: ฿1.90 vs. price of ฿2.38 (25.3% above fair value)
Industry Position: 565.1% above the Steel median (#187 of 614)
No single metric tells the full story. See the BKK:PAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pacific Pipe PCL is engaged in manufacturing and distributing steel pipes for construction work. The one reportable operating segment of the company is the manufacture and distribution of steel pipes, structural steel and contract of steel productions for construction work and the single geographical area of its operations is Thailand.
52GF Score
Get the complete analysis for BKK:PAP
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:PAP has been successfully added to your 
