Royal Plus PCLBKK:PLUS +2.26%61 Return-on-Tangible-Equity is -12.29% as of Mar. 2026. GuruFocus rates BKK:PLUS with a GF Score™ of 61/100 and a GF Value™ of ฿4.73 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 108 Beverages - Non-Alcoholic companies, Royal Plus PCL ranks worse than 88.89% 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. Royal Plus PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿-144 Mil. Royal Plus PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿1,173 Mil. Therefore, Royal Plus PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -12.29%.
The historical rank and industry rank for Royal Plus PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:PLUS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.25 Med: 17.74 Max: 27.17
Current: -5.76
During the past 6 years, Royal Plus PCL's highest Return-on-Tangible-Equity was 27.17%. The lowest was -6.25%. And the median was 17.74%.
BKK:PLUS's Return-on-Tangible-Equity is ranked worse than 88.89% of 108
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 13.27
vs BKK:PLUS: -5.76
Royal Plus PCL (BKK:PLUS) 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.
Royal Plus PCL Return-on-Tangible-Equity Related Terms
Royal Plus PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Royal Plus 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:PLUS vs KO, PEP, MNST: Return-on-Tangible-Equity Comparison
For the Beverages - Non-Alcoholic subindustry, Royal Plus 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.
Royal Plus PCL Return-on-Tangible-Equity vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Royal Plus PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Royal Plus 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 -12.29% mean?
Royal Plus PCL (BKK:PLUS) has a Return-on-Tangible-Equity of -12.29% 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 Royal Plus PCL and its competitors. According to the industry distribution chart, Royal Plus PCL ranks #96 out of 108 companies in the Beverages - Non-Alcoholic industry, placing it in the top 88.9%.
Is Royal Plus PCL's Return-on-Tangible-Equity too high?
Royal Plus PCL's current Return-on-Tangible-Equity is -12.29%. Based on the distribution chart, Royal Plus PCL ranks #96 out of 108 companies in the Beverages - Non-Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Royal Plus PCL has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Royal Plus PCL's Return-on-Tangible-Equity compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Royal Plus PCL ranks #96 out of 108 companies for Return-on-Tangible-Equity. This places Royal Plus PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 13.27. 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 Beverages - Non-Alcoholic company?
The median Return-on-Tangible-Equity among Beverages - Non-Alcoholic companies is 13.27, based on 108 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 Royal Plus PCL and its competitors. For the Beverages - Non-Alcoholic industry, the median Return-on-Tangible-Equity is 13.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Plus PCL's current Return-on-Tangible-Equity is -12.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Plus PCL stock overvalued right now?
Based on GuruFocus' analysis, Royal Plus PCL (BKK:PLUS) is currently considered Possible Value Trap. The stock's GF Value™ is ฿4.73, compared to a current price of ฿1.36 — trading 71.2% below its estimated fair value. The current Return-on-Tangible-Equity is -12.29%. Royal Plus PCL's overall GF Score™ is 61/100 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 Royal Plus PCL (BKK:PLUS), the current Return-on-Tangible-Equity is -12.29% 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 Royal Plus PCL (BKK:PLUS) Overvalued in 2026?
Based on GuruFocus' analysis, Royal Plus PCL stock appears to be undervalued.
The current stock price of ฿1.36 is trading 71.2% below its estimated GF Value™ of ฿4.73.
GuruFocus considers Royal Plus PCL to be Possible Value Trap.
Key valuation signals for BKK:PLUS:
Return-on-Tangible-Equity: -12.29%
GF Value™: ฿4.73 vs. price of ฿1.36 (71.2% below fair value)
No single metric tells the full story. See the BKK:PLUS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royal Plus PCL principal activities are the manufacture and distribution of beverages, fruit juice, fruit juice with basil seeds, fruit juice with chia seeds, coconut milk, and soy milk and other general beverages. The company operates in America, Asia, Middle East, Thailand and Others. It derives its majority revenue from America.
61GF Score
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