Tipco Asphalt PCLBKK:TASCO-R 80 Return-on-Tangible-Equity is 13.55% as of Mar. 2026, which is 11% below its 10-year median of 15.24. GuruFocus rates BKK:TASCO-R with a GF Score™ of 80/100 and a GF Value™ of ฿13.42. The stock has 6 warning signs investors should review. Among 399 Building Materials companies, Tipco Asphalt PCL ranks better than 61.15% 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. Tipco Asphalt PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿1,838 Mil. Tipco Asphalt PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿13,563 Mil. Therefore, Tipco Asphalt PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.55%.
The historical rank and industry rank for Tipco Asphalt PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:TASCO-R'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.63 Med: 15.24 Max: 28.36
Current: 7.94
During the past 13 years, Tipco Asphalt PCL's highest Return-on-Tangible-Equity was 28.36%. The lowest was 4.63%. And the median was 15.24%.
BKK:TASCO-R's Return-on-Tangible-Equity is ranked better than 61.15% of 399
companies
in the Building Materials industry
Industry Median: 5.08
vs BKK:TASCO-R: 7.94
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.
Tipco Asphalt PCL Return-on-Tangible-Equity Related Terms
Tipco Asphalt PCL Return-on-Tangible-Equity Historical Data
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The historical data trend for Tipco Asphalt 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:TASCO-R vs CRH, VMC, MLM: Return-on-Tangible-Equity Comparison
For the Building Materials subindustry, Tipco Asphalt 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.
Tipco Asphalt PCL Return-on-Tangible-Equity vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Tipco Asphalt PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tipco Asphalt 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 13.55% mean?
Tipco Asphalt PCL (BKK:TASCO-R) has a Return-on-Tangible-Equity of 13.55% 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 Tipco Asphalt PCL and its competitors. This is 11% below median its historical median of 15.24. Over the past decade, Tipco Asphalt PCL's Return-on-Tangible-Equity has ranged from 4.63 to 28.36. According to the industry distribution chart, Tipco Asphalt PCL ranks #155 out of 399 companies in the Building Materials industry, placing it in the top 38.8%.
Is Tipco Asphalt PCL's Return-on-Tangible-Equity too high?
Tipco Asphalt PCL's current Return-on-Tangible-Equity of 13.55% is 11% below median its 10-year median of 15.24. Over the past 10 years, this metric has ranged from a low of 4.63 to a high of 28.36. The Building Materials industry median Return-on-Tangible-Equity is 5.08. Tipco Asphalt PCL's value of 13.55% is 166.7% above this industry median. Based on the distribution chart, Tipco Asphalt PCL ranks #155 out of 399 companies in the Building Materials industry, which is above the industry midpoint. Overall, Tipco Asphalt PCL has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Tipco Asphalt PCL's Return-on-Tangible-Equity compare to CRH and VMC?
According to the Building Materials industry distribution chart, Tipco Asphalt PCL ranks #155 out of 399 companies for Return-on-Tangible-Equity. This puts Tipco Asphalt PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.08. Tipco Asphalt PCL's value of 13.55% is 166.7% above this benchmark. Historically, Tipco Asphalt PCL's own Return-on-Tangible-Equity has ranged from 4.63 to 28.36 over the past decade. While the company's 10-year median is 15.24 vs. the industry median of 5.08, Tipco Asphalt 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 Building Materials company?
The median Return-on-Tangible-Equity among Building Materials companies is 5.08, based on 399 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. Tipco Asphalt PCL's current Return-on-Tangible-Equity of 13.55% is 166.7% 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 Tipco Asphalt PCL and its competitors. For the Building Materials industry, the median Return-on-Tangible-Equity is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tipco Asphalt PCL's current Return-on-Tangible-Equity is 13.55%, which is 11% below median its own 10-year median of 15.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tipco Asphalt PCL stock overvalued right now?
Tipco Asphalt PCL (BKK:TASCO-R) has a current Return-on-Tangible-Equity of 13.55%. The stock's GF Value™ is ฿13.42, compared to a current price of ฿13.09 — trading 2.5% below its estimated fair value. The current Return-on-Tangible-Equity is 13.55%, which is 11% below median its 10-year median of 15.24 and 166.7% above the Building Materials industry median of 5.08. Tipco Asphalt PCL's overall GF Score™ is 80/100 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 Tipco Asphalt PCL (BKK:TASCO-R), the current Return-on-Tangible-Equity is 13.55% 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 Tipco Asphalt PCL (BKK:TASCO-R) Overvalued in 2026?
Based on GuruFocus' analysis, Tipco Asphalt PCL stock appears to be undervalued.
The current stock price of ฿13.09 is trading 2.5% below its estimated GF Value™ of ฿13.42.
Key valuation signals for BKK:TASCO-R:
Return-on-Tangible-Equity: 13.55% (11% below median its 10-year median of 15.24)
GF Value™: ฿13.42 vs. price of ฿13.09 (2.5% below fair value)
Industry Position: 166.7% above the Building Materials median (#155 of 399)
No single metric tells the full story. See the BKK:TASCO-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tipco Asphalt PCL is engaged in the production and sale of asphalt and petroleum-related products, as well as the provision of construction materials and related services. The company operates through two reportable segments: the Construction segment and the Manufacturing and Trading segment. The Construction segment conducts construction services related to highway construction and road rehabilitation in Thailand. The Manufacturing and Trading segment is involved in the manufacturing and trading of asphalt, petroleum oil products, and asphalt concrete in both domestic and overseas markets, supported by marine logistics operations. It generates the majority of its revenue from the Manufacturing and Trading segment.
80GF Score
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