Synnex (Thailand) PCLBKK:SYNEX-R 84 Return-on-Tangible-Equity is 18.07% as of Mar. 2026, which is 0% below its 10-year median of 18.13. GuruFocus rates BKK:SYNEX-R with a GF Score™ of 84/100 and a GF Value™ of ฿18.29. The stock has 4 warning signs investors should review. Among 2,378 Hardware companies, Synnex (Thailand) PCL ranks better than 82.13% 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. Synnex (Thailand) PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿886 Mil. Synnex (Thailand) PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿4,901 Mil. Therefore, Synnex (Thailand) PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 18.07%.
The historical rank and industry rank for Synnex (Thailand) PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:SYNEX-R'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.66 Med: 18.13 Max: 24.71
Current: 17.13
During the past 13 years, Synnex (Thailand) PCL's highest Return-on-Tangible-Equity was 24.71%. The lowest was 12.66%. And the median was 18.13%.
BKK:SYNEX-R's Return-on-Tangible-Equity is ranked better than 82.13% of 2378
companies
in the Hardware industry
Industry Median: 5.25
vs BKK:SYNEX-R: 17.13
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.
Synnex (Thailand) PCL Return-on-Tangible-Equity Related Terms
Synnex (Thailand) PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Synnex (Thailand) 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.
BKK:SYNEX-R vs SNX, ARW, AVT: Return-on-Tangible-Equity Comparison
For the Electronics & Computer Distribution subindustry, Synnex (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.
Synnex (Thailand) PCL Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Synnex (Thailand) PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Synnex (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 18.07% mean?
Synnex (Thailand) PCL (BKK:SYNEX-R) has a Return-on-Tangible-Equity of 18.07% 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 Synnex (Thailand) PCL and its competitors. This is near median its historical median of 18.13. Over the past decade, Synnex (Thailand) PCL's Return-on-Tangible-Equity has ranged from 12.66 to 24.71. According to the industry distribution chart, Synnex (Thailand) PCL ranks #425 out of 2378 companies in the Hardware industry, placing it in the top 17.9%.
Is Synnex (Thailand) PCL's Return-on-Tangible-Equity too high?
Synnex (Thailand) PCL's current Return-on-Tangible-Equity of 18.07% is near median its 10-year median of 18.13. Over the past 10 years, this metric has ranged from a low of 12.66 to a high of 24.71. The Hardware industry median Return-on-Tangible-Equity is 5.25. Synnex (Thailand) PCL's value of 18.07% is 244.2% above this industry median. Based on the distribution chart, Synnex (Thailand) PCL ranks #425 out of 2378 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Synnex (Thailand) PCL has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Synnex (Thailand) PCL's Return-on-Tangible-Equity compare to SNX and ARW?
According to the Hardware industry distribution chart, Synnex (Thailand) PCL ranks #425 out of 2378 companies for Return-on-Tangible-Equity. This places Synnex (Thailand) PCL in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.25. Synnex (Thailand) PCL's value of 18.07% is 244.2% above this benchmark. Historically, Synnex (Thailand) PCL's own Return-on-Tangible-Equity has ranged from 12.66 to 24.71 over the past decade. While the company's 10-year median is 18.13 vs. the industry median of 5.25, Synnex (Thailand) 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 a Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.25, based on 2,378 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. Synnex (Thailand) PCL's current Return-on-Tangible-Equity of 18.07% is 244.2% 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 Synnex (Thailand) PCL and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Synnex (Thailand) PCL's current Return-on-Tangible-Equity is 18.07%, which is near median its own 10-year median of 18.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Synnex (Thailand) PCL stock overvalued right now?
Synnex (Thailand) PCL (BKK:SYNEX-R) has a current Return-on-Tangible-Equity of 18.07%. The stock's GF Value™ is ฿18.29, compared to a current price of ฿12.17 — trading 33.4% below its estimated fair value. The current Return-on-Tangible-Equity is 18.07%, which is near median its 10-year median of 18.13 and 244.2% above the Hardware industry median of 5.25. Synnex (Thailand) PCL's overall GF Score™ is 84/100 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 Synnex (Thailand) PCL (BKK:SYNEX-R), the current Return-on-Tangible-Equity is 18.07% 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 Synnex (Thailand) PCL (BKK:SYNEX-R) Overvalued in 2026?
Based on GuruFocus' analysis, Synnex (Thailand) PCL stock appears to be undervalued.
The current stock price of ฿12.17 is trading 33.4% below its estimated GF Value™ of ฿18.29.
Key valuation signals for BKK:SYNEX-R:
Return-on-Tangible-Equity: 18.07% (near median its 10-year median of 18.13)
GF Value™: ฿18.29 vs. price of ฿12.17 (33.4% below fair value)
Industry Position: 244.2% above the Hardware median (#425 of 2378)
No single metric tells the full story. See the BKK:SYNEX-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Synnex (Thailand) PCL is a Thailand-based company. It is engaged in the distribution of computers, IT systems, communication devices, other relevant services, retail, and service providers for an online platform. The company has one reportable segment which is the trading of computer components, communication devices and rendering of services segment. It only offers its services to the Thailand market.
84GF Score
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