Star Petroleum Refining PCLBKK:SPRC +1.85%79 Return-on-Tangible-Equity is 70.24% as of Mar. 2026, which is 1035% above its 10-year median of 6.19. GuruFocus rates BKK:SPRC with a GF Score™ of 79/100 and a GF Value™ of ฿6.57 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 942 Oil & Gas companies, Star Petroleum Refining PCL ranks better than 82.8% 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. Star Petroleum Refining PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿29,468 Mil. Star Petroleum Refining PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿41,954 Mil. Therefore, Star Petroleum Refining PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 70.24%.
The historical rank and industry rank for Star Petroleum Refining PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:SPRC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -20.46 Med: 6.19 Max: 23.42
Current: 23.42
During the past 13 years, Star Petroleum Refining PCL's highest Return-on-Tangible-Equity was 23.42%. The lowest was -20.46%. And the median was 6.19%.
BKK:SPRC's Return-on-Tangible-Equity is ranked better than 82.8% of 942
companies
in the Oil & Gas industry
Industry Median: 6.73
vs BKK:SPRC: 23.42
Star Petroleum Refining PCL (BKK:SPRC) 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.
Star Petroleum Refining PCL Return-on-Tangible-Equity Related Terms
Star Petroleum Refining 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.
Star Petroleum Refining PCL Return-on-Tangible-Equity Chart
BKK:SPRC vs VLO, MPC, PSX: Return-on-Tangible-Equity Comparison
For the Oil & Gas Refining & Marketing subindustry, Star Petroleum Refining 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.
Star Petroleum Refining PCL Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Star Petroleum Refining PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Star Petroleum Refining 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 70.24% mean?
Star Petroleum Refining PCL (BKK:SPRC) has a Return-on-Tangible-Equity of 70.24% 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 Star Petroleum Refining PCL and its competitors. This is 1035% above median its historical median of 6.19. According to the industry distribution chart, Star Petroleum Refining PCL ranks #162 out of 942 companies in the Oil & Gas industry, placing it in the top 17.2%.
Is Star Petroleum Refining PCL's Return-on-Tangible-Equity too high?
Star Petroleum Refining PCL's current Return-on-Tangible-Equity of 70.24% is 1035% above median its 10-year median of 6.19. The Oil & Gas industry median Return-on-Tangible-Equity is 6.73. Star Petroleum Refining PCL's value of 70.24% is 943.7% above this industry median. Based on the distribution chart, Star Petroleum Refining PCL ranks #162 out of 942 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Star Petroleum Refining PCL has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Star Petroleum Refining PCL's Return-on-Tangible-Equity compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Star Petroleum Refining PCL ranks #162 out of 942 companies for Return-on-Tangible-Equity. This places Star Petroleum Refining PCL in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.73. Star Petroleum Refining PCL's value of 70.24% is 943.7% above this benchmark. While the company's 10-year median is 6.19 vs. the industry median of 6.73, Star Petroleum Refining 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 Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.73, based on 942 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. Star Petroleum Refining PCL's current Return-on-Tangible-Equity of 70.24% is 943.7% 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 Star Petroleum Refining PCL and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Star Petroleum Refining PCL's current Return-on-Tangible-Equity is 70.24%, which is 1035% above median its own 10-year median of 6.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Star Petroleum Refining PCL stock overvalued right now?
Based on GuruFocus' analysis, Star Petroleum Refining PCL (BKK:SPRC) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿6.57, compared to a current price of ฿8.25 — trading 25.6% above its estimated fair value. The current Return-on-Tangible-Equity is 70.24%, which is 1035% above median its 10-year median of 6.19 and 943.7% above the Oil & Gas industry median of 6.73. Star Petroleum Refining PCL's overall GF Score™ is 79/100 with 4 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 Star Petroleum Refining PCL (BKK:SPRC), the current Return-on-Tangible-Equity is 70.24% 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 Star Petroleum Refining PCL (BKK:SPRC) Overvalued in 2026?
Based on GuruFocus' analysis, Star Petroleum Refining PCL stock appears to be overvalued.
The current stock price of ฿8.25 is trading 25.6% above its estimated GF Value™ of ฿6.57.
GuruFocus considers Star Petroleum Refining PCL to be Modestly Overvalued.
Key valuation signals for BKK:SPRC:
Return-on-Tangible-Equity: 70.24% (1035% above median its 10-year median of 6.19)
GF Value™: ฿6.57 vs. price of ฿8.25 (25.6% above fair value)
Industry Position: 943.7% above the Oil & Gas median (#162 of 942)
No single metric tells the full story. See the BKK:SPRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Star Petroleum Refining PCL operates petroleum refinery in Thailand. The company produces multiple petroleum products such as Liquefied Petroleum Gas, gasoline, jet fuel, diesel, fuel oil, asphalt, and others. Geographically the majority of its sales are conducted in Thailand. However, the company also produces petroleum products for international markets.
79GF Score
Get the complete analysis for BKK:SPRC
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