Sermsang Power PCLBKK:SSP -0.96%83 Return-on-Tangible-Equity is 21.36% as of Mar. 2026, which is 5% above its 10-year median of 20.36. GuruFocus rates BKK:SSP with a GF Score™ of 83/100 and a GF Value™ of ฿5.85 (Possible Value Trap). The stock has 11 warning signs investors should review. Among 427 Utilities - Independent Power Producers companies, Sermsang Power PCL ranks better than 72.37% 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. Sermsang Power PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿1,057 Mil. Sermsang Power PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿4,948 Mil. Therefore, Sermsang Power PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.36%.
The historical rank and industry rank for Sermsang Power PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:SSP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.59 Med: 20.36 Max: 60.95
Current: 12.39
During the past 12 years, Sermsang Power PCL's highest Return-on-Tangible-Equity was 60.95%. The lowest was 11.59%. And the median was 20.36%.
BKK:SSP's Return-on-Tangible-Equity is ranked better than 72.37% of 427
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.68
vs BKK:SSP: 12.39
Sermsang Power PCL (BKK:SSP) 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.
Sermsang Power PCL Return-on-Tangible-Equity Related Terms
Sermsang Power PCL Return-on-Tangible-Equity Historical Data
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The historical data trend for Sermsang Power 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.
Sermsang Power PCL Return-on-Tangible-Equity Chart
Sermsang Power PCL Return-on-Tangible-Equity Competitor Comparison
For the Utilities - Renewable subindustry, Sermsang Power 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.
Sermsang Power PCL Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Sermsang Power PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Sermsang Power 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 21.36% mean?
Sermsang Power PCL (BKK:SSP) has a Return-on-Tangible-Equity of 21.36% 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 Sermsang Power PCL and its competitors. This is near median its historical median of 20.36. Over the past decade, Sermsang Power PCL's Return-on-Tangible-Equity has ranged from 11.59 to 60.95. According to the industry distribution chart, Sermsang Power PCL ranks #118 out of 427 companies in the Utilities - Independent Power Producers industry, placing it in the top 27.6%.
Is Sermsang Power PCL's Return-on-Tangible-Equity too high?
Sermsang Power PCL's current Return-on-Tangible-Equity of 21.36% is near median its 10-year median of 20.36. Over the past 10 years, this metric has ranged from a low of 11.59 to a high of 60.95. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.68. Sermsang Power PCL's value of 21.36% is 356.4% above this industry median. Based on the distribution chart, Sermsang Power PCL ranks #118 out of 427 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Sermsang Power PCL has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sermsang Power PCL's Return-on-Tangible-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Sermsang Power PCL ranks #118 out of 427 companies for Return-on-Tangible-Equity. This puts Sermsang Power PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.68. Sermsang Power PCL's value of 21.36% is 356.4% above this benchmark. Historically, Sermsang Power PCL's own Return-on-Tangible-Equity has ranged from 11.59 to 60.95 over the past decade. While the company's 10-year median is 20.36 vs. the industry median of 4.68, Sermsang Power 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 Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.68, based on 427 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. Sermsang Power PCL's current Return-on-Tangible-Equity of 21.36% is 356.4% 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 Sermsang Power PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sermsang Power PCL's current Return-on-Tangible-Equity is 21.36%, which is near median its own 10-year median of 20.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sermsang Power PCL stock overvalued right now?
Based on GuruFocus' analysis, Sermsang Power PCL (BKK:SSP) is currently considered Possible Value Trap. The stock's GF Value™ is ฿5.85, compared to a current price of ฿4.12 — trading 29.6% below its estimated fair value. The current Return-on-Tangible-Equity is 21.36%, which is near median its 10-year median of 20.36 and 356.4% above the Utilities - Independent Power Producers industry median of 4.68. Sermsang Power PCL's overall GF Score™ is 83/100 with 11 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 Sermsang Power PCL (BKK:SSP), the current Return-on-Tangible-Equity is 21.36% 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 Sermsang Power PCL (BKK:SSP) Overvalued in 2026?
Based on GuruFocus' analysis, Sermsang Power PCL stock appears to be undervalued.
The current stock price of ฿4.12 is trading 29.6% below its estimated GF Value™ of ฿5.85.
GuruFocus considers Sermsang Power PCL to be Possible Value Trap.
Key valuation signals for BKK:SSP:
Return-on-Tangible-Equity: 21.36% (near median its 10-year median of 20.36)
GF Value™: ฿5.85 vs. price of ฿4.12 (29.6% below fair value)
Industry Position: 356.4% above the Utilities - Independent Power Producers median (#118 of 427)
No single metric tells the full story. See the BKK:SSP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sermsang Power Corporation PCL is engaged in investment, consultancy, and the provision of services for energy businesses to related parties. The company's operating segments are the production and distribution of electricity from solar plants, Electricity distribution, and installation services relating to the solar roof system, Production and distribution of electricity from wind power plants, Production and distribution of electricity from biomass, and others. The firm generates a majority of its revenue from the Production and distribution of electricity from the solar power plants segment. Geographically, the company generates a majority share of the revenue from Thailand.
83GF Score
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