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Polynet PCLBKK:POLY -0.73%90 Return-on-Tangible-Equity is 22.21% as of Mar. 2026, which is 28% above its 10-year median of 17.35. GuruFocus rates BKK:POLY with a GF Score™ of 90/100 and a GF Value™ of ฿8.95 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,969 Industrial Products companies, Polynet PCL ranks better than 85.28% 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. Polynet PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿288 Mil. Polynet PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿1,295 Mil. Therefore, Polynet PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 22.21%.
The historical rank and industry rank for Polynet PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:POLY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.73 Med: 17.35 Max: 23.17
Current: 20.59
During the past 6 years, Polynet PCL's highest Return-on-Tangible-Equity was 23.17%. The lowest was 4.73%. And the median was 17.35%.
BKK:POLY's Return-on-Tangible-Equity is ranked better than 85.28% of 2969
companies
in the Industrial Products industry
Industry Median: 6.72
vs BKK:POLY: 20.59
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.
Polynet PCL Return-on-Tangible-Equity Related Terms
Polynet PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Polynet 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:POLY vs CRS, ATI, MLI: Return-on-Tangible-Equity Comparison
For the Metal Fabrication subindustry, Polynet 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.
Polynet PCL Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Polynet PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Polynet 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 22.21% mean?
Polynet PCL (BKK:POLY) has a Return-on-Tangible-Equity of 22.21% 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 Polynet PCL and its competitors. This is 28% above median its historical median of 17.35. Over the past decade, Polynet PCL's Return-on-Tangible-Equity has ranged from 4.73 to 23.17. According to the industry distribution chart, Polynet PCL ranks #437 out of 2969 companies in the Industrial Products industry, placing it in the top 14.7%.
Is Polynet PCL's Return-on-Tangible-Equity too high?
Polynet PCL's current Return-on-Tangible-Equity of 22.21% is 28% above median its 10-year median of 17.35. Over the past 10 years, this metric has ranged from a low of 4.73 to a high of 23.17. The Industrial Products industry median Return-on-Tangible-Equity is 6.72. Polynet PCL's value of 22.21% is 230.5% above this industry median. Based on the distribution chart, Polynet PCL ranks #437 out of 2969 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Polynet PCL has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Polynet PCL's Return-on-Tangible-Equity compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Polynet PCL ranks #437 out of 2969 companies for Return-on-Tangible-Equity. This places Polynet PCL in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.72. Polynet PCL's value of 22.21% is 230.5% above this benchmark. Historically, Polynet PCL's own Return-on-Tangible-Equity has ranged from 4.73 to 23.17 over the past decade. While the company's 10-year median is 17.35 vs. the industry median of 6.72, Polynet 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,969 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. Polynet PCL's current Return-on-Tangible-Equity of 22.21% is 230.5% 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 Polynet PCL and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polynet PCL's current Return-on-Tangible-Equity is 22.21%, which is 28% above median its own 10-year median of 17.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polynet PCL stock overvalued right now?
Based on GuruFocus' analysis, Polynet PCL (BKK:POLY) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿8.95, compared to a current price of ฿6.80 — trading 24% below its estimated fair value. The current Return-on-Tangible-Equity is 22.21%, which is 28% above median its 10-year median of 17.35 and 230.5% above the Industrial Products industry median of 6.72. Polynet PCL's overall GF Score™ is 90/100 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 Polynet PCL (BKK:POLY), the current Return-on-Tangible-Equity is 22.21% 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 Polynet PCL (BKK:POLY) Overvalued in 2026?
Based on GuruFocus' analysis, Polynet PCL stock appears to be undervalued.
The current stock price of ฿6.80 is trading 24% below its estimated GF Value™ of ฿8.95.
GuruFocus considers Polynet PCL to be Modestly Undervalued.
Key valuation signals for BKK:POLY:
Return-on-Tangible-Equity: 22.21% (28% above median its 10-year median of 17.35)
GF Value™: ฿8.95 vs. price of ฿6.80 (24% below fair value)
Industry Position: 230.5% above the Industrial Products median (#437 of 2969)
No single metric tells the full story. See the BKK:POLY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polynet PCL is engaged in the forming, manufacturing and distributing of products related to rubber, plastic, silicone, and molds for the automotive industry, medical tools and equipment, and consumer products. The company generates majority of its revenue from automotive industry.
90GF Score
Get the complete analysis for BKK:POLY
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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