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Stars Microelectronics (Thailand) PCLBKK:SMT +0.50%53 Return-on-Tangible-Equity is 2.67% as of Mar. 2026, which is 18% below its 10-year median of 3.24. GuruFocus rates BKK:SMT with a GF Score™ of 53/100 and a GF Value™ of ฿1.81 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 985 Semiconductors companies, Stars Microelectronics (Thailand) PCL ranks worse than 74.31% on this metric.
The historical rank and industry rank for Stars Microelectronics (Thailand) PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:SMT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -37.35 Med: 3.24 Max: 17.92
Current: -5.37
During the past 13 years, Stars Microelectronics (Thailand) PCL's highest Return-on-Tangible-Equity was 17.92%. The lowest was -37.35%. And the median was 3.24%.
BKK:SMT's Return-on-Tangible-Equity is ranked worse than 74.31% of 985
companies
in the Semiconductors industry
Industry Median: 5.24
vs BKK:SMT: -5.37
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.
Stars Microelectronics (Thailand) PCL Return-on-Tangible-Equity Related Terms
Stars Microelectronics (Thailand) 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.
BKK:SMT vs NVDA, AVGO, MU: Return-on-Tangible-Equity Comparison
For the Semiconductors subindustry, Stars Microelectronics (Thailand) 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.
Stars Microelectronics (Thailand) PCL Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Stars Microelectronics (Thailand) PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Stars Microelectronics (Thailand) 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 2.67% mean?
Stars Microelectronics (Thailand) PCL (BKK:SMT) has a Return-on-Tangible-Equity of 2.67% 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 Stars Microelectronics (Thailand) PCL and its competitors. This is 18% below median its historical median of 3.24. According to the industry distribution chart, Stars Microelectronics (Thailand) PCL ranks #732 out of 985 companies in the Semiconductors industry, placing it in the top 74.3%.
Is Stars Microelectronics (Thailand) PCL's Return-on-Tangible-Equity too high?
Stars Microelectronics (Thailand) PCL's current Return-on-Tangible-Equity of 2.67% is 18% below median its 10-year median of 3.24. The Semiconductors industry median Return-on-Tangible-Equity is 5.24. Stars Microelectronics (Thailand) PCL's value of 2.67% is 49% below this industry median. Based on the distribution chart, Stars Microelectronics (Thailand) PCL ranks #732 out of 985 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Stars Microelectronics (Thailand) PCL has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Stars Microelectronics (Thailand) PCL's Return-on-Tangible-Equity compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Stars Microelectronics (Thailand) PCL ranks #732 out of 985 companies for Return-on-Tangible-Equity. This places Stars Microelectronics (Thailand) PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.24. Stars Microelectronics (Thailand) PCL's value of 2.67% is 49% below this benchmark. While the company's 10-year median is 3.24 vs. the industry median of 5.24, Stars Microelectronics (Thailand) 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 Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.24, based on 985 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. Stars Microelectronics (Thailand) PCL's current Return-on-Tangible-Equity of 2.67% is 49% 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 Stars Microelectronics (Thailand) PCL and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stars Microelectronics (Thailand) PCL's current Return-on-Tangible-Equity is 2.67%, which is 18% below median its own 10-year median of 3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stars Microelectronics (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, Stars Microelectronics (Thailand) PCL (BKK:SMT) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿1.81, compared to a current price of ฿4.06 — trading 124.3% above its estimated fair value. The current Return-on-Tangible-Equity is 2.67%, which is 18% below median its 10-year median of 3.24 and 49% below the Semiconductors industry median of 5.24. Stars Microelectronics (Thailand) PCL's overall GF Score™ is 53/100 with 6 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 Stars Microelectronics (Thailand) PCL (BKK:SMT), the current Return-on-Tangible-Equity is 2.67% 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 Stars Microelectronics (Thailand) PCL (BKK:SMT) Overvalued in 2026?
Based on GuruFocus' analysis, Stars Microelectronics (Thailand) PCL stock appears to be overvalued.
The current stock price of ฿4.06 is trading 124.3% above its estimated GF Value™ of ฿1.81.
GuruFocus considers Stars Microelectronics (Thailand) PCL to be Significantly Overvalued.
Key valuation signals for BKK:SMT:
Return-on-Tangible-Equity: 2.67% (18% below median its 10-year median of 3.24)
GF Value™: ฿1.81 vs. price of ฿4.06 (124.3% above fair value)
Industry Position: 49% below the Semiconductors median (#732 of 985)
No single metric tells the full story. See the BKK:SMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Stars Microelectronics (Thailand) PCL Business Description
Stars Microelectronics (Thailand) PCL is engaged in the manufacture and distribution of integrated circuit boards. Its segments include Electronics Manufacturing Service (EMS), Outsourced Assembly and Test (OSAT), and Fiber optical devices (Optical). Maximum revenue is generated from the Electronics Manufacturing Service (EMS) segment, which provides manufacturing, assembly, and sales of EMS.
53GF Score
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