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Thai Coating Industrial PCLBKK:TCOAT 70 Return-on-Tangible-Equity is 2.66% as of Mar. 2026, which is 140% above its 10-year median of 1.11. GuruFocus rates BKK:TCOAT with a GF Score™ of 70/100 and a GF Value™ of ฿22.85 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 388 Packaging & Containers companies, Thai Coating Industrial PCL ranks worse than 77.58% 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 Coating Industrial PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿13.8 Mil. Thai Coating Industrial PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿518.8 Mil. Therefore, Thai Coating Industrial PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.66%.
The historical rank and industry rank for Thai Coating Industrial PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:TCOAT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.16 Med: 1.11 Max: 9.56
Current: 0.62
During the past 13 years, Thai Coating Industrial PCL's highest Return-on-Tangible-Equity was 9.56%. The lowest was -1.16%. And the median was 1.11%.
BKK:TCOAT's Return-on-Tangible-Equity is ranked worse than 77.58% of 388
companies
in the Packaging & Containers industry
Industry Median: 5.855
vs BKK:TCOAT: 0.62
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 Coating Industrial PCL Return-on-Tangible-Equity Related Terms
Thai Coating Industrial PCL Return-on-Tangible-Equity Historical Data
* 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:TCOAT vs SW, PKG, IP: Return-on-Tangible-Equity Comparison
For the Packaging & Containers subindustry, Thai Coating Industrial 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 Coating Industrial PCL Return-on-Tangible-Equity vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thai Coating Industrial PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Thai Coating Industrial 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 2.66% mean?
Thai Coating Industrial PCL (BKK:TCOAT) has a Return-on-Tangible-Equity of 2.66% 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 Coating Industrial PCL and its competitors. This is 140% above median its historical median of 1.11. According to the industry distribution chart, Thai Coating Industrial PCL ranks #301 out of 388 companies in the Packaging & Containers industry, placing it in the top 77.6%.
Is Thai Coating Industrial PCL's Return-on-Tangible-Equity too high?
Thai Coating Industrial PCL's current Return-on-Tangible-Equity of 2.66% is 140% above median its 10-year median of 1.11. The Packaging & Containers industry median Return-on-Tangible-Equity is 5.86. Thai Coating Industrial PCL's value of 2.66% is 54.6% below this industry median. Based on the distribution chart, Thai Coating Industrial PCL ranks #301 out of 388 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Thai Coating Industrial PCL has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Coating Industrial PCL's Return-on-Tangible-Equity compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thai Coating Industrial PCL ranks #301 out of 388 companies for Return-on-Tangible-Equity. This places Thai Coating Industrial PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.86. Thai Coating Industrial PCL's value of 2.66% is 54.6% below this benchmark. While the company's 10-year median is 1.11 vs. the industry median of 5.86, Thai Coating Industrial PCL has consistently been below 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 Packaging & Containers company?
The median Return-on-Tangible-Equity among Packaging & Containers companies is 5.86, based on 388 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 Coating Industrial PCL's current Return-on-Tangible-Equity of 2.66% is 54.6% 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 Thai Coating Industrial PCL and its competitors. For the Packaging & Containers industry, the median Return-on-Tangible-Equity is 5.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Coating Industrial PCL's current Return-on-Tangible-Equity is 2.66%, which is 140% above median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Coating Industrial PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Coating Industrial PCL (BKK:TCOAT) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿22.85, compared to a current price of ฿26.00 — trading 13.8% above its estimated fair value. The current Return-on-Tangible-Equity is 2.66%, which is 140% above median its 10-year median of 1.11 and 54.6% below the Packaging & Containers industry median of 5.86. Thai Coating Industrial PCL's overall GF Score™ is 70/100 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 Thai Coating Industrial PCL (BKK:TCOAT), the current Return-on-Tangible-Equity is 2.66% 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 Coating Industrial PCL (BKK:TCOAT) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Coating Industrial PCL stock appears to be overvalued.
The current stock price of ฿26.00 is trading 13.8% above its estimated GF Value™ of ฿22.85.
GuruFocus considers Thai Coating Industrial PCL to be Modestly Overvalued.
Key valuation signals for BKK:TCOAT:
Return-on-Tangible-Equity: 2.66% (140% above median its 10-year median of 1.11)
GF Value™: ฿22.85 vs. price of ฿26.00 (13.8% above fair value)
Industry Position: 54.6% below the Packaging & Containers median (#301 of 388)
No single metric tells the full story. See the BKK:TCOAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Coating Industrial PCL is engaged in the manufacturing and selling of plastic sack. Through its subsidiary, the company manufactures and sells plastic beads. Its segments consist of Sacks and Plastic beads. The company's customers are the producers of sugar, fertilizer in the domestic and export market.
70GF Score
Get the complete analysis for BKK:TCOAT
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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