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T.C.J. Asia PCLBKK:TCJ -1.63%60 Return-on-Tangible-Equity is 5.26% as of Mar. 2026. GuruFocus rates BKK:TCJ with a GF Score™ of 60/100 and a GF Value™ of ฿2.89 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 199 Farm & Heavy Construction Machinery companies, T.C.J. Asia PCL ranks worse than 79.9% 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. T.C.J. Asia PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿70 Mil. T.C.J. Asia PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿1,327 Mil. Therefore, T.C.J. Asia PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 5.26%.
The historical rank and industry rank for T.C.J. Asia PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:TCJ'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.59 Med: -0.36 Max: 2.39
Current: 0.96
During the past 13 years, T.C.J. Asia PCL's highest Return-on-Tangible-Equity was 2.39%. The lowest was -4.59%. And the median was -0.36%.
BKK:TCJ's Return-on-Tangible-Equity is ranked worse than 79.9% of 199
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 9.26
vs BKK:TCJ: 0.96
T.C.J. Asia PCL (BKK:TCJ) 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.
T.C.J. Asia PCL Return-on-Tangible-Equity Related Terms
T.C.J. Asia PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for T.C.J. Asia 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:TCJ vs CAT, DE, PCAR: Return-on-Tangible-Equity Comparison
For the Farm & Heavy Construction Machinery subindustry, T.C.J. Asia 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.
T.C.J. Asia PCL Return-on-Tangible-Equity vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, T.C.J. Asia PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where T.C.J. Asia 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 5.26% mean?
T.C.J. Asia PCL (BKK:TCJ) has a Return-on-Tangible-Equity of 5.26% 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 T.C.J. Asia PCL and its competitors. According to the industry distribution chart, T.C.J. Asia PCL ranks #159 out of 199 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 79.9%.
Is T.C.J. Asia PCL's Return-on-Tangible-Equity too high?
T.C.J. Asia PCL's current Return-on-Tangible-Equity is 5.26%. The Farm & Heavy Construction Machinery industry median Return-on-Tangible-Equity is 9.26. T.C.J. Asia PCL's value of 5.26% is 43.2% below this industry median. Based on the distribution chart, T.C.J. Asia PCL ranks #159 out of 199 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, T.C.J. Asia PCL has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does T.C.J. Asia PCL's Return-on-Tangible-Equity compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, T.C.J. Asia PCL ranks #159 out of 199 companies for Return-on-Tangible-Equity. This places T.C.J. Asia PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 9.26. T.C.J. Asia PCL's value of 5.26% is 43.2% below this benchmark. 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 Farm & Heavy Construction Machinery company?
The median Return-on-Tangible-Equity among Farm & Heavy Construction Machinery companies is 9.26, based on 199 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. T.C.J. Asia PCL's current Return-on-Tangible-Equity of 5.26% is 43.2% below 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 T.C.J. Asia PCL and its competitors. For the Farm & Heavy Construction Machinery industry, the median Return-on-Tangible-Equity is 9.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. T.C.J. Asia PCL's current Return-on-Tangible-Equity is 5.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T.C.J. Asia PCL stock overvalued right now?
Based on GuruFocus' analysis, T.C.J. Asia PCL (BKK:TCJ) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.89, compared to a current price of ฿2.42 — trading 16.3% below its estimated fair value. The current Return-on-Tangible-Equity is 5.26% and 43.2% below the Farm & Heavy Construction Machinery industry median of 9.26. T.C.J. Asia PCL's overall GF Score™ is 60/100 with 5 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 T.C.J. Asia PCL (BKK:TCJ), the current Return-on-Tangible-Equity is 5.26% 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 T.C.J. Asia PCL (BKK:TCJ) Overvalued in 2026?
Based on GuruFocus' analysis, T.C.J. Asia PCL stock appears to be undervalued.
The current stock price of ฿2.42 is trading 16.3% below its estimated GF Value™ of ฿2.89.
GuruFocus considers T.C.J. Asia PCL to be Modestly Undervalued.
Key valuation signals for BKK:TCJ:
Return-on-Tangible-Equity: 5.26%
GF Value™: ฿2.89 vs. price of ฿2.42 (16.3% below fair value)
Industry Position: 43.2% below the Farm & Heavy Construction Machinery median (#159 of 199)
No single metric tells the full story. See the BKK:TCJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
T.C.J. Asia PCL is engaged in the import business and distribution of machinery and lifting equipment for construction work, and loading and unloading services like tractors, wheel loaders, excavator and cranes and stainless-steel plate and construction contractor. The business segments of the company are Sales of cranes, road rollers and tractors and equipment, road rollers and tractors, and equipment, Rental and repair services of crane and trucks, Manufacturing and distribution of stainless steel pipes, Trading of stainless steel, Installation work, and Others. The group generates the majority of the revenue from the Manufacturing and distribution of stainless steel pipes segment and mainly operates in Thailand.
60GF Score
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