Ratch Group PCLBKK:RATCH +0.82%63 Return-on-Tangible-Equity is 6.23% as of Mar. 2026, which is 40% below its 10-year median of 10.32. GuruFocus rates BKK:RATCH with a GF Score™ of 63/100 and a GF Value™ of ฿27.34 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 497 Utilities - Regulated companies, Ratch Group PCL ranks worse than 63.38% 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. Ratch Group PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿4,913 Mil. Ratch Group PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿78,890 Mil. Therefore, Ratch Group PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.23%.
The historical rank and industry rank for Ratch Group PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:RATCH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.57 Med: 10.32 Max: 13
Current: 7.96
During the past 13 years, Ratch Group PCL's highest Return-on-Tangible-Equity was 13.00%. The lowest was 6.57%. And the median was 10.32%.
BKK:RATCH's Return-on-Tangible-Equity is ranked worse than 63.38% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.83
vs BKK:RATCH: 7.96
Ratch Group PCL (BKK:RATCH) 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.
Ratch Group PCL Return-on-Tangible-Equity Related Terms
Ratch Group PCL Return-on-Tangible-Equity Historical Data
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The historical data trend for Ratch Group 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:RATCH vs NEE, SO, DUK: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Electric subindustry, Ratch Group 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.
Ratch Group PCL Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Ratch Group PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ratch Group 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 6.23% mean?
Ratch Group PCL (BKK:RATCH) has a Return-on-Tangible-Equity of 6.23% 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 Ratch Group PCL and its competitors. This is 40% below median its historical median of 10.32. Over the past decade, Ratch Group PCL's Return-on-Tangible-Equity has ranged from 6.57 to 13.00. According to the industry distribution chart, Ratch Group PCL ranks #315 out of 497 companies in the Utilities - Regulated industry, placing it in the top 63.4%.
Is Ratch Group PCL's Return-on-Tangible-Equity too high?
Ratch Group PCL's current Return-on-Tangible-Equity of 6.23% is 40% below median its 10-year median of 10.32. Over the past 10 years, this metric has ranged from a low of 6.57 to a high of 13.00. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.83. Ratch Group PCL's value of 6.23% is 42.5% below this industry median. Based on the distribution chart, Ratch Group PCL ranks #315 out of 497 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Ratch Group PCL has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ratch Group PCL's Return-on-Tangible-Equity compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Ratch Group PCL ranks #315 out of 497 companies for Return-on-Tangible-Equity. This places Ratch Group PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.83. Ratch Group PCL's value of 6.23% is 42.5% below this benchmark. Historically, Ratch Group PCL's own Return-on-Tangible-Equity has ranged from 6.57 to 13.00 over the past decade. While the company's 10-year median is 10.32 vs. the industry median of 10.83, Ratch Group 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 an Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.83, based on 497 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. Ratch Group PCL's current Return-on-Tangible-Equity of 6.23% is 42.5% 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 Ratch Group PCL and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratch Group PCL's current Return-on-Tangible-Equity is 6.23%, which is 40% below median its own 10-year median of 10.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratch Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Ratch Group PCL (BKK:RATCH) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿27.34, compared to a current price of ฿30.75 — trading 12.5% above its estimated fair value. The current Return-on-Tangible-Equity is 6.23%, which is 40% below median its 10-year median of 10.32 and 42.5% below the Utilities - Regulated industry median of 10.83. Ratch Group PCL's overall GF Score™ is 63/100 with 8 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 Ratch Group PCL (BKK:RATCH), the current Return-on-Tangible-Equity is 6.23% 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 Ratch Group PCL (BKK:RATCH) Overvalued in 2026?
Based on GuruFocus' analysis, Ratch Group PCL stock appears to be overvalued.
The current stock price of ฿30.75 is trading 12.5% above its estimated GF Value™ of ฿27.34.
GuruFocus considers Ratch Group PCL to be Modestly Overvalued.
Key valuation signals for BKK:RATCH:
Return-on-Tangible-Equity: 6.23% (40% below median its 10-year median of 10.32)
GF Value™: ฿27.34 vs. price of ฿30.75 (12.5% above fair value)
Industry Position: 42.5% below the Utilities - Regulated median (#315 of 497)
No single metric tells the full story. See the BKK:RATCH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ratch Group PCL is a Thailand-based holding company. The Company's principal businesses are investing in companies whose objectives are to generate and sell electricity and develop power energy projects and infrastructure projects. The Group has four operating segments: Domestic Electricity Generating, Domestic Renewable Energy, International Power Projects, and Domestic Related Business & Infrastructure. The majority of revenue is from the domestic electricity-generating segment. Geographically, the majority of income is from Thailand. Its investment is mainly focused on fossil fuel power generation projects, renewable projects, and businesses adjacent to electricity generation and energy both in Thailand & internationally.
63GF Score
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