Siam Steel International PCLBKK:SIAM +1.30%45 Return-on-Tangible-Equity is 1.31% as of Mar. 2026, which is 671% above its 10-year median of 0.17. GuruFocus rates BKK:SIAM with a GF Score™ of 45/100 and a GF Value™ of ฿0.68 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 421 Furnishings, Fixtures & Appliances companies, Siam Steel International PCL ranks worse than 65.08% 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. Siam Steel International PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿33 Mil. Siam Steel International PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿2,531 Mil. Therefore, Siam Steel International PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 1.31%.
The historical rank and industry rank for Siam Steel International PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:SIAM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.9 Med: 0.17 Max: 10.41
Current: 1.27
During the past 13 years, Siam Steel International PCL's highest Return-on-Tangible-Equity was 10.41%. The lowest was -3.90%. And the median was 0.17%.
BKK:SIAM's Return-on-Tangible-Equity is ranked worse than 65.08% of 421
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 5.08
vs BKK:SIAM: 1.27
Siam Steel International PCL (BKK:SIAM) 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.
Siam Steel International PCL Return-on-Tangible-Equity Related Terms
Siam Steel International 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.
Siam Steel International PCL Return-on-Tangible-Equity Chart
BKK:SIAM vs SN, SGI, MHK: Return-on-Tangible-Equity Comparison
For the Furnishings, Fixtures & Appliances subindustry, Siam Steel International 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.
Siam Steel International PCL Return-on-Tangible-Equity vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Siam Steel International PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Siam Steel International 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 1.31% mean?
Siam Steel International PCL (BKK:SIAM) has a Return-on-Tangible-Equity of 1.31% 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 Siam Steel International PCL and its competitors. This is 671% above median its historical median of 0.17. According to the industry distribution chart, Siam Steel International PCL ranks #274 out of 421 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 65.1%.
Is Siam Steel International PCL's Return-on-Tangible-Equity too high?
Siam Steel International PCL's current Return-on-Tangible-Equity of 1.31% is 671% above median its 10-year median of 0.17. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Equity is 5.08. Siam Steel International PCL's value of 1.31% is 74.2% below this industry median. Based on the distribution chart, Siam Steel International PCL ranks #274 out of 421 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Siam Steel International PCL has a GF Score™ of 45/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Siam Steel International PCL's Return-on-Tangible-Equity compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Siam Steel International PCL ranks #274 out of 421 companies for Return-on-Tangible-Equity. This places Siam Steel International PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.08. Siam Steel International PCL's value of 1.31% is 74.2% below this benchmark. While the company's 10-year median is 0.17 vs. the industry median of 5.08, Siam Steel International 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 a Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Equity among Furnishings, Fixtures & Appliances companies is 5.08, based on 421 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. Siam Steel International PCL's current Return-on-Tangible-Equity of 1.31% is 74.2% 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 Siam Steel International PCL and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Equity is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siam Steel International PCL's current Return-on-Tangible-Equity is 1.31%, which is 671% above median its own 10-year median of 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siam Steel International PCL stock overvalued right now?
Based on GuruFocus' analysis, Siam Steel International PCL (BKK:SIAM) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.68, compared to a current price of ฿0.78 — trading 14.7% above its estimated fair value. The current Return-on-Tangible-Equity is 1.31%, which is 671% above median its 10-year median of 0.17 and 74.2% below the Furnishings, Fixtures & Appliances industry median of 5.08. Siam Steel International PCL's overall GF Score™ is 45/100 with 3 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 Siam Steel International PCL (BKK:SIAM), the current Return-on-Tangible-Equity is 1.31% 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 Siam Steel International PCL (BKK:SIAM) Overvalued in 2026?
Based on GuruFocus' analysis, Siam Steel International PCL stock appears to be overvalued.
The current stock price of ฿0.78 is trading 14.7% above its estimated GF Value™ of ฿0.68.
GuruFocus considers Siam Steel International PCL to be Modestly Overvalued.
Key valuation signals for BKK:SIAM:
Return-on-Tangible-Equity: 1.31% (671% above median its 10-year median of 0.17)
GF Value™: ฿0.68 vs. price of ฿0.78 (14.7% above fair value)
Industry Position: 74.2% below the Furnishings, Fixtures & Appliances median (#274 of 421)
No single metric tells the full story. See the BKK:SIAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Siam Steel International PCL is engaged in the manufacturing and sales of steel office equipment and furniture parts, construction services and alternative energy sector. The company manufactures and sells steel furniture under the brands LUCKY KINGDOM, OKAMURA, CHITOSE, and PILOT, and wooden furniture, including freestanding and built-in products, under the KINGDOM brand. It also provides interior design services for office and residential spaces, and manufactures and sells prefabricated buildings under the LUCKY Hi-Tech Building System brand. Its business segments are manufacturing and sales and of furniture, construction services and alternative energy sector. The majority of the company's revenue is generated from the Furniture segment. Geographically, it operates only in Thailand.
45GF Score
Get the complete analysis for BKK:SIAM
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:SIAM has been successfully added to your 
