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S 11 Group PCLBKK:S11 58 Return-on-Tangible-Equity is 12.52% as of Mar. 2026, which is 21% below its 10-year median of 15.78. GuruFocus rates BKK:S11 with a GF Score™ of 58/100 and a GF Value™ of ฿2.65 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 527 Credit Services companies, S 11 Group PCL ranks better 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. S 11 Group PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿462 Mil. S 11 Group PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿3,686 Mil. Therefore, S 11 Group PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.52%.
The historical rank and industry rank for S 11 Group PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:S11'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.51 Med: 15.78 Max: 23.23
Current: 11.05
During the past 12 years, S 11 Group PCL's highest Return-on-Tangible-Equity was 23.23%. The lowest was 1.51%. And the median was 15.78%.
BKK:S11's Return-on-Tangible-Equity is ranked better than 63.38% of 527
companies
in the Credit Services industry
Industry Median: 7.05
vs BKK:S11: 11.05
S 11 Group PCL (BKK:S11) 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.
S 11 Group PCL Return-on-Tangible-Equity Related Terms
S 11 Group PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for S 11 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:S11 vs V, MA, AXP: Return-on-Tangible-Equity Comparison
For the Credit Services subindustry, S 11 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.
S 11 Group PCL Return-on-Tangible-Equity vs Credit Services Industry
For the Credit Services industry and Financial Services sector, S 11 Group PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where S 11 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 12.52% mean?
S 11 Group PCL (BKK:S11) has a Return-on-Tangible-Equity of 12.52% 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 S 11 Group PCL and its competitors. This is 21% below median its historical median of 15.78. Over the past decade, S 11 Group PCL's Return-on-Tangible-Equity has ranged from 1.51 to 23.23. According to the industry distribution chart, S 11 Group PCL ranks #193 out of 527 companies in the Credit Services industry, placing it in the top 36.6%.
Is S 11 Group PCL's Return-on-Tangible-Equity too high?
S 11 Group PCL's current Return-on-Tangible-Equity of 12.52% is 21% below median its 10-year median of 15.78. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 23.23. The Credit Services industry median Return-on-Tangible-Equity is 7.05. S 11 Group PCL's value of 12.52% is 77.6% above this industry median. Based on the distribution chart, S 11 Group PCL ranks #193 out of 527 companies in the Credit Services industry, which is above the industry midpoint. Overall, S 11 Group PCL has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does S 11 Group PCL's Return-on-Tangible-Equity compare to V and MA?
According to the Credit Services industry distribution chart, S 11 Group PCL ranks #193 out of 527 companies for Return-on-Tangible-Equity. This puts S 11 Group PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.05. S 11 Group PCL's value of 12.52% is 77.6% above this benchmark. Historically, S 11 Group PCL's own Return-on-Tangible-Equity has ranged from 1.51 to 23.23 over the past decade. While the company's 10-year median is 15.78 vs. the industry median of 7.05, S 11 Group 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 Credit Services company?
The median Return-on-Tangible-Equity among Credit Services companies is 7.05, based on 527 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. S 11 Group PCL's current Return-on-Tangible-Equity of 12.52% is 77.6% 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 S 11 Group PCL and its competitors. For the Credit Services industry, the median Return-on-Tangible-Equity is 7.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S 11 Group PCL's current Return-on-Tangible-Equity is 12.52%, which is 21% below median its own 10-year median of 15.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S 11 Group PCL stock overvalued right now?
Based on GuruFocus' analysis, S 11 Group PCL (BKK:S11) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿2.65, compared to a current price of ฿4.44 — trading 67.5% above its estimated fair value. The current Return-on-Tangible-Equity is 12.52%, which is 21% below median its 10-year median of 15.78 and 77.6% above the Credit Services industry median of 7.05. S 11 Group PCL's overall GF Score™ is 58/100 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 S 11 Group PCL (BKK:S11), the current Return-on-Tangible-Equity is 12.52% 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 S 11 Group PCL (BKK:S11) Overvalued in 2026?
Based on GuruFocus' analysis, S 11 Group PCL stock appears to be overvalued.
The current stock price of ฿4.44 is trading 67.5% above its estimated GF Value™ of ฿2.65.
GuruFocus considers S 11 Group PCL to be Significantly Overvalued.
Key valuation signals for BKK:S11:
Return-on-Tangible-Equity: 12.52% (21% below median its 10-year median of 15.78)
GF Value™: ฿2.65 vs. price of ฿4.44 (67.5% above fair value)
Industry Position: 77.6% above the Credit Services median (#193 of 527)
No single metric tells the full story. See the BKK:S11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
S 11 Group PCL is principally engaged in the hire purchase of motorcycles and loans secured against motorcycle registrations. Geographically, the company operates in Thailand.
58GF Score
Get the complete analysis for BKK:S11
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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