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. SAF Special Steel PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿-1.0 Mil. SAF Special Steel PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿264.2 Mil. Therefore, SAF Special Steel PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -0.37%.
The historical rank and industry rank for SAF Special Steel PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:SAF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.17 Med: 1.19 Max: 11
Current: -1.17
During the past 6 years, SAF Special Steel PCL's highest Return-on-Tangible-Equity was 11.00%. The lowest was -1.17%. And the median was 1.19%.
BKK:SAF's Return-on-Tangible-Equity is ranked worse than 73.94% of 614
companies
in the Steel industry
Industry Median: 4.01
vs BKK:SAF: -1.17
SAF Special Steel PCL (BKK:SAF) 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.
SAF Special Steel PCL Return-on-Tangible-Equity Related Terms
SAF Special Steel PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for SAF Special Steel 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.
SAF Special Steel PCL Return-on-Tangible-Equity Chart
BKK:SAF vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, SAF Special Steel 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.
SAF Special Steel PCL Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, SAF Special Steel PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SAF Special Steel 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 -0.37% mean?
SAF Special Steel PCL (BKK:SAF) has a Return-on-Tangible-Equity of -0.37% 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 SAF Special Steel PCL and its competitors. According to the industry distribution chart, SAF Special Steel PCL ranks #454 out of 614 companies in the Steel industry, placing it in the top 73.9%.
Is SAF Special Steel PCL's Return-on-Tangible-Equity too high?
SAF Special Steel PCL's current Return-on-Tangible-Equity is -0.37%. Based on the distribution chart, SAF Special Steel PCL ranks #454 out of 614 companies in the Steel industry, which is below the industry midpoint. Overall, SAF Special Steel PCL has a GF Score™ of 36/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SAF Special Steel PCL's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, SAF Special Steel PCL ranks #454 out of 614 companies for Return-on-Tangible-Equity. This places SAF Special Steel PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.01. 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.01, based on 614 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 SAF Special Steel PCL and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SAF Special Steel PCL's current Return-on-Tangible-Equity is -0.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SAF Special Steel PCL stock overvalued right now?
Based on GuruFocus' analysis, SAF Special Steel PCL (BKK:SAF) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.48, compared to a current price of ฿0.41 — trading 14.6% below its estimated fair value. The current Return-on-Tangible-Equity is -0.37%. SAF Special Steel PCL's overall GF Score™ is 36/100 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 SAF Special Steel PCL (BKK:SAF), the current Return-on-Tangible-Equity is -0.37% 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 SAF Special Steel PCL (BKK:SAF) Overvalued in 2026?
Based on GuruFocus' analysis, SAF Special Steel PCL stock appears to be undervalued.
The current stock price of ฿0.41 is trading 14.6% below its estimated GF Value™ of ฿0.48.
GuruFocus considers SAF Special Steel PCL to be Modestly Undervalued.
Key valuation signals for BKK:SAF:
Return-on-Tangible-Equity: -0.37%
GF Value™: ฿0.48 vs. price of ฿0.41 (14.6% below fair value)
No single metric tells the full story. See the BKK:SAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SAF Special Steel PCL is principally engaged in activities of import and distribution, including steel products for industrial and distribution tooling, equipment parts, and band saw machines, and the manufacture of molds & dies and vacuum hardening services. The Company operates in a single line of business, namely the steel distribution and the products related steel and vacuum hardening service. The firm operates in a single geographic area in Thailand.
36GF Score
Get the complete analysis for BKK:SAF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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