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Rojana Industrial Park PCLBKK:ROJNA +0.83%68 Return-on-Tangible-Equity is 45.89% as of Mar. 2026, which is 452% above its 10-year median of 8.32. GuruFocus rates BKK:ROJNA with a GF Score™ of 68/100 and a GF Value™ of ฿4.59 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 430 Utilities - Independent Power Producers companies, Rojana Industrial Park PCL ranks better than 75.81% 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. Rojana Industrial Park PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿9,260 Mil. Rojana Industrial Park PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿20,178 Mil. Therefore, Rojana Industrial Park PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 45.89%.
The historical rank and industry rank for Rojana Industrial Park PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:ROJNA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.64 Med: 8.32 Max: 20.65
Current: 13.32
During the past 13 years, Rojana Industrial Park PCL's highest Return-on-Tangible-Equity was 20.65%. The lowest was -0.64%. And the median was 8.32%.
BKK:ROJNA's Return-on-Tangible-Equity is ranked better than 75.81% of 430
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.5
vs BKK:ROJNA: 13.32
Rojana Industrial Park PCL (BKK:ROJNA) 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.
Rojana Industrial Park PCL Return-on-Tangible-Equity Related Terms
Rojana Industrial Park PCL Return-on-Tangible-Equity Historical Data
* 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.
Rojana Industrial Park PCL Return-on-Tangible-Equity Chart
BKK:ROJNA vs CEG, VST, NRG: Return-on-Tangible-Equity Comparison
For the Utilities - Independent Power Producers subindustry, Rojana Industrial Park 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.
Rojana Industrial Park PCL Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Rojana Industrial Park PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Rojana Industrial Park 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 45.89% mean?
Rojana Industrial Park PCL (BKK:ROJNA) has a Return-on-Tangible-Equity of 45.89% 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 Rojana Industrial Park PCL and its competitors. This is 452% above median its historical median of 8.32. According to the industry distribution chart, Rojana Industrial Park PCL ranks #104 out of 430 companies in the Utilities - Independent Power Producers industry, placing it in the top 24.2%.
Is Rojana Industrial Park PCL's Return-on-Tangible-Equity too high?
Rojana Industrial Park PCL's current Return-on-Tangible-Equity of 45.89% is 452% above median its 10-year median of 8.32. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.50. Rojana Industrial Park PCL's value of 45.89% is 919.8% above this industry median. Based on the distribution chart, Rojana Industrial Park PCL ranks #104 out of 430 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Rojana Industrial Park PCL has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rojana Industrial Park PCL's Return-on-Tangible-Equity compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Rojana Industrial Park PCL ranks #104 out of 430 companies for Return-on-Tangible-Equity. This places Rojana Industrial Park PCL in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.50. Rojana Industrial Park PCL's value of 45.89% is 919.8% above this benchmark. While the company's 10-year median is 8.32 vs. the industry median of 4.50, Rojana Industrial Park 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 Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.50, based on 430 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. Rojana Industrial Park PCL's current Return-on-Tangible-Equity of 45.89% is 919.8% 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 Rojana Industrial Park PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rojana Industrial Park PCL's current Return-on-Tangible-Equity is 45.89%, which is 452% above median its own 10-year median of 8.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rojana Industrial Park PCL stock overvalued right now?
Based on GuruFocus' analysis, Rojana Industrial Park PCL (BKK:ROJNA) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿4.59, compared to a current price of ฿6.10 — trading 32.9% above its estimated fair value. The current Return-on-Tangible-Equity is 45.89%, which is 452% above median its 10-year median of 8.32 and 919.8% above the Utilities - Independent Power Producers industry median of 4.50. Rojana Industrial Park PCL's overall GF Score™ is 68/100 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 Rojana Industrial Park PCL (BKK:ROJNA), the current Return-on-Tangible-Equity is 45.89% 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 Rojana Industrial Park PCL (BKK:ROJNA) Overvalued in 2026?
Based on GuruFocus' analysis, Rojana Industrial Park PCL stock appears to be overvalued.
The current stock price of ฿6.10 is trading 32.9% above its estimated GF Value™ of ฿4.59.
GuruFocus considers Rojana Industrial Park PCL to be Significantly Overvalued.
Key valuation signals for BKK:ROJNA:
Return-on-Tangible-Equity: 45.89% (452% above median its 10-year median of 8.32)
GF Value™: ฿4.59 vs. price of ฿6.10 (32.9% above fair value)
Industry Position: 919.8% above the Utilities - Independent Power Producers median (#104 of 430)
No single metric tells the full story. See the BKK:ROJNA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rojana Industrial Park PCL is engaged in the development of industrial estate at Ayutthaya, Rayong, and Chonburi Provinces. The segments of the company comprise Real estate development & related services, Electricity generating, Production & distribution of industrial water. The majority of revenue is derived from the sales of electricity business. Geographically it only operates in Thailand.
68GF Score
Get the complete analysis for BKK:ROJNA
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