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Thai Agro Energy PCLBKK:TAE -1.19%43 Return-on-Tangible-Equity is 29.18% as of Mar. 2026, which is 1126% above its 10-year median of 2.38. GuruFocus rates BKK:TAE with a GF Score™ of 43/100 and a GF Value™ of ฿0.72 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,570 Chemicals companies, Thai Agro Energy PCL ranks better than 55.48% 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. Thai Agro Energy PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿503 Mil. Thai Agro Energy PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿1,723 Mil. Therefore, Thai Agro Energy PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 29.18%.
The historical rank and industry rank for Thai Agro Energy PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:TAE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.58 Med: 2.38 Max: 27.74
Current: 7.04
During the past 13 years, Thai Agro Energy PCL's highest Return-on-Tangible-Equity was 27.74%. The lowest was -4.58%. And the median was 2.38%.
BKK:TAE's Return-on-Tangible-Equity is ranked better than 55.48% of 1570
companies
in the Chemicals industry
Industry Median: 5.88
vs BKK:TAE: 7.04
Thai Agro Energy PCL (BKK:TAE) 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.
Thai Agro Energy PCL Return-on-Tangible-Equity Related Terms
Thai Agro Energy PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Thai Agro Energy 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.
Thai Agro Energy PCL Return-on-Tangible-Equity Chart
BKK:TAE vs DOW: Return-on-Tangible-Equity Comparison
For the Chemicals subindustry, Thai Agro Energy 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.
Thai Agro Energy PCL Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Thai Agro Energy PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Thai Agro Energy 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 29.18% mean?
Thai Agro Energy PCL (BKK:TAE) has a Return-on-Tangible-Equity of 29.18% 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 Thai Agro Energy PCL and its competitors. This is 1126% above median its historical median of 2.38. According to the industry distribution chart, Thai Agro Energy PCL ranks #699 out of 1570 companies in the Chemicals industry, placing it in the top 44.5%.
Is Thai Agro Energy PCL's Return-on-Tangible-Equity too high?
Thai Agro Energy PCL's current Return-on-Tangible-Equity of 29.18% is 1126% above median its 10-year median of 2.38. The Chemicals industry median Return-on-Tangible-Equity is 5.88. Thai Agro Energy PCL's value of 29.18% is 396.3% above this industry median. Based on the distribution chart, Thai Agro Energy PCL ranks #699 out of 1570 companies in the Chemicals industry, which is above the industry midpoint. Overall, Thai Agro Energy PCL has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Agro Energy PCL's Return-on-Tangible-Equity compare to DOW?
According to the Chemicals industry distribution chart, Thai Agro Energy PCL ranks #699 out of 1570 companies for Return-on-Tangible-Equity. This puts Thai Agro Energy PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.88. Thai Agro Energy PCL's value of 29.18% is 396.3% above this benchmark. While the company's 10-year median is 2.38 vs. the industry median of 5.88, Thai Agro Energy 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.88, based on 1,570 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. Thai Agro Energy PCL's current Return-on-Tangible-Equity of 29.18% is 396.3% 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 Thai Agro Energy PCL and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Agro Energy PCL's current Return-on-Tangible-Equity is 29.18%, which is 1126% above median its own 10-year median of 2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Agro Energy PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Agro Energy PCL (BKK:TAE) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.72, compared to a current price of ฿1.66 — trading 130.6% above its estimated fair value. The current Return-on-Tangible-Equity is 29.18%, which is 1126% above median its 10-year median of 2.38 and 396.3% above the Chemicals industry median of 5.88. Thai Agro Energy PCL's overall GF Score™ is 43/100 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 Thai Agro Energy PCL (BKK:TAE), the current Return-on-Tangible-Equity is 29.18% 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 Thai Agro Energy PCL (BKK:TAE) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Agro Energy PCL stock appears to be overvalued.
The current stock price of ฿1.66 is trading 130.6% above its estimated GF Value™ of ฿0.72.
GuruFocus considers Thai Agro Energy PCL to be Significantly Overvalued.
Key valuation signals for BKK:TAE:
Return-on-Tangible-Equity: 29.18% (1126% above median its 10-year median of 2.38)
GF Value™: ฿0.72 vs. price of ฿1.66 (130.6% above fair value)
Industry Position: 396.3% above the Chemicals median (#699 of 1570)
No single metric tells the full story. See the BKK:TAE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Agro Energy PCL is an ethanol producer. The company is engaged in the production and distribution of ethanol out of its Thailand-based plants located across multiple states. It sells ethanol to various oil companies as an additive for gasohol production while generating majority of its revenues from the Thailand market. The company has two reportable segments, which consist of ethanol segment and soil conditioner segment. It derives maximum revenue from Ethanol segment. Geographically, the company operates in Thailand, India, and China.
43GF Score
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