Syntec Construction PCL (BKK:SYNTEC-R) Return-on-Tangible-Equity: 11.46% (As of Jun. 2026) — 49% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:SYNTEC-R Syntec Construction PCL BKK:SYNTEC-R
67 GF Score
Price ฿1.94
GF Value ฿1.79
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Syntec Construction PCL Return-on-Tangible-Equity?

Syntec Construction PCL BKK:SYNTEC-R -0.91% 67 Return-on-Tangible-Equity is 11.46% as of Jun. 2026, which is 49% above its 10-year median of 7.68. GuruFocus rates BKK:SYNTEC-R with a GF Score™ of 67/100 and a GF Value™ of ฿1.79 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,710 Construction companies, Syntec Construction PCL ranks better than 56.9% 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. Syntec Construction PCL's annualized net income for the quarter that ended in Jun. 2026 was ฿713 Mil. Syntec Construction PCL's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ฿6,219 Mil. Therefore, Syntec Construction PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 11.46%.

The historical rank and industry rank for Syntec Construction PCL's Return-on-Tangible-Equity or its related term are showing as below:

BKK:SYNTEC-R' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.77   Med: 7.68   Max: 24.93
Current: 10.63

During the past 13 years, Syntec Construction PCL's highest Return-on-Tangible-Equity was 24.93%. The lowest was -6.77%. And the median was 7.68%.

BKK:SYNTEC-R's Return-on-Tangible-Equity is ranked better than
56.9% of 1710 companies
in the Construction industry
Industry Median: 8.23 vs BKK:SYNTEC-R: 10.63

Syntec Construction PCL  (BKK:SYNTEC-R) 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.


Syntec Construction PCL Return-on-Tangible-Equity Related Terms


Syntec Construction PCL Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Syntec Construction 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.

Syntec Construction PCL Return-on-Tangible-Equity Chart

Syntec Construction PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.24 -6.77 3.63 9.63 10.09

Syntec Construction PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.32 7.92 12.65 10.42 11.46

BKK:SYNTEC-R vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison

For the Engineering & Construction subindustry, Syntec Construction 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.


Syntec Construction PCL Return-on-Tangible-Equity vs Construction Industry

For the Construction industry and Industrials sector, Syntec Construction PCL's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Syntec Construction PCL's Return-on-Tangible-Equity falls into.


BKK:SYNTEC-R
67GF Score
Syntec Construction PCL BKK:SYNTEC-R
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Syntec Construction PCL Return-on-Tangible-Equity Calculation

Syntec Construction PCL's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=590.184/( (5691.162+6002.944 )/ 2 )
=590.184/5847.053
=10.09 %

Syntec Construction PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=712.544/( (6155.418+6282.246)/ 2 )
=712.544/6218.832
=11.46 %

* 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 (Jun. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 11.46% mean?
Syntec Construction PCL (BKK:SYNTEC-R) has a Return-on-Tangible-Equity of 11.46% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Syntec Construction PCL and its competitors. This is 49% above median its historical median of 7.68. According to the industry distribution chart, Syntec Construction PCL ranks #737 out of 1710 companies in the Construction industry, placing it in the top 43.1%.
Is Syntec Construction PCL's Return-on-Tangible-Equity too high?
Syntec Construction PCL's current Return-on-Tangible-Equity of 11.46% is 49% above median its 10-year median of 7.68. The Construction industry median Return-on-Tangible-Equity is 8.23. Syntec Construction PCL's value of 11.46% is 39.2% above this industry median. Based on the distribution chart, Syntec Construction PCL ranks #737 out of 1710 companies in the Construction industry, which is above the industry midpoint. Overall, Syntec Construction PCL has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Syntec Construction PCL's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Syntec Construction PCL ranks #737 out of 1710 companies for Return-on-Tangible-Equity. This puts Syntec Construction PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.23. Syntec Construction PCL's value of 11.46% is 39.2% above this benchmark. While the company's 10-year median is 7.68 vs. the industry median of 8.23, Syntec Construction 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.23, based on 1,710 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. Syntec Construction PCL's current Return-on-Tangible-Equity of 11.46% is 39.2% 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 Syntec Construction PCL and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Syntec Construction PCL's current Return-on-Tangible-Equity is 11.46%, which is 49% above median its own 10-year median of 7.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Syntec Construction PCL stock overvalued right now?
Based on GuruFocus' analysis, Syntec Construction PCL (BKK:SYNTEC-R) is currently considered Fairly Valued. The stock's GF Value™ is ฿1.79, compared to a current price of ฿1.94 — trading 8.4% above its estimated fair value. The current Return-on-Tangible-Equity is 11.46%, which is 49% above median its 10-year median of 7.68 and 39.2% above the Construction industry median of 8.23. Syntec Construction PCL's overall GF Score™ is 67/100 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 Syntec Construction PCL (BKK:SYNTEC-R), the current Return-on-Tangible-Equity is 11.46% as of Jun. 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 Syntec Construction PCL (BKK:SYNTEC-R) Overvalued in 2026?

Based on GuruFocus' analysis, Syntec Construction PCL stock appears to be overvalued. The current stock price of ฿1.94 is trading 8.4% above its estimated GF Value™ of ฿1.79. GuruFocus considers Syntec Construction PCL to be Fairly Valued.

Key valuation signals for BKK:SYNTEC-R:

  • Return-on-Tangible-Equity: 11.46% (49% above median its 10-year median of 7.68)
  • GF Value™: ฿1.79 vs. price of ฿1.94 (8.4% above fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 39.2% above the Construction median (#737 of 1710)

No single metric tells the full story. See the BKK:SYNTEC-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Syntec Construction PCL Business Description

Other Exchanges SYNTEC:Thailand
Address Sukhumvit Road, 555/7-11 Sukhumvit Soi 63 (Ekamai, Klongton Nua, Wattana, Bangkok, THA, 10110
Syntec Construction PCL is engaged in the construction and real estate development for room service or service apartments and the energy business. The company's segments include Construction business, Real estate development for room service or service apartment and rental business, Operate the management business for hotel, service apartment and other properties, and Provide consulting services, procurement, work installation, sanitary system, electricity system and plumbing system. It derives the majority of its revenue from the construction business in Thailand.
67GF Score

Get the complete analysis for BKK:SYNTEC-R

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿1.94
Price
฿1.79
GF Value