Tong Hua Holdings PCLBKK:TH +2.13%63 Return-on-Tangible-Equity is 6.12% as of Mar. 2026, which is 65% above its 10-year median of 3.72. GuruFocus rates BKK:TH with a GF Score™ of 63/100 and a GF Value™ of ฿0.63 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 483 Diversified Financial Services companies, Tong Hua Holdings PCL ranks worse than 55.9% 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. Tong Hua Holdings PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿102.8 Mil. Tong Hua Holdings PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿1,679.5 Mil. Therefore, Tong Hua Holdings PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.12%.
The historical rank and industry rank for Tong Hua Holdings PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:TH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.6 Med: 3.72 Max: 13.08
Current: 1.38
During the past 13 years, Tong Hua Holdings PCL's highest Return-on-Tangible-Equity was 13.08%. The lowest was -6.60%. And the median was 3.72%.
BKK:TH's Return-on-Tangible-Equity is ranked worse than 55.9% of 483
companies
in the Diversified Financial Services industry
Industry Median: 1.7
vs BKK:TH: 1.38
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.
Tong Hua Holdings PCL Return-on-Tangible-Equity Related Terms
Tong Hua Holdings PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tong Hua Holdings 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:TH vs VOYA, FRHC: Return-on-Tangible-Equity Comparison
For the Financial Conglomerates subindustry, Tong Hua Holdings 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.
Tong Hua Holdings PCL Return-on-Tangible-Equity vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Tong Hua Holdings PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tong Hua Holdings 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 6.12% mean?
Tong Hua Holdings PCL (BKK:TH) has a Return-on-Tangible-Equity of 6.12% 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 Tong Hua Holdings PCL and its competitors. This is 65% above median its historical median of 3.72. According to the industry distribution chart, Tong Hua Holdings PCL ranks #270 out of 483 companies in the Diversified Financial Services industry, placing it in the top 55.9%.
Is Tong Hua Holdings PCL's Return-on-Tangible-Equity too high?
Tong Hua Holdings PCL's current Return-on-Tangible-Equity of 6.12% is 65% above median its 10-year median of 3.72. The Diversified Financial Services industry median Return-on-Tangible-Equity is 1.70. Tong Hua Holdings PCL's value of 6.12% is 260% above this industry median. Based on the distribution chart, Tong Hua Holdings PCL ranks #270 out of 483 companies in the Diversified Financial Services industry, which is below the industry midpoint. Overall, Tong Hua Holdings PCL has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tong Hua Holdings PCL's Return-on-Tangible-Equity compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, Tong Hua Holdings PCL ranks #270 out of 483 companies for Return-on-Tangible-Equity. This places Tong Hua Holdings PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 1.70. Tong Hua Holdings PCL's value of 6.12% is 260% above this benchmark. While the company's 10-year median is 3.72 vs. the industry median of 1.70, Tong Hua Holdings 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 Diversified Financial Services company?
The median Return-on-Tangible-Equity among Diversified Financial Services companies is 1.70, based on 483 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. Tong Hua Holdings PCL's current Return-on-Tangible-Equity of 6.12% is 260% 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 Tong Hua Holdings PCL and its competitors. For the Diversified Financial Services industry, the median Return-on-Tangible-Equity is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tong Hua Holdings PCL's current Return-on-Tangible-Equity is 6.12%, which is 65% above median its own 10-year median of 3.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Hua Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, Tong Hua Holdings PCL (BKK:TH) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.63, compared to a current price of ฿0.48 — trading 23.8% below its estimated fair value. The current Return-on-Tangible-Equity is 6.12%, which is 65% above median its 10-year median of 3.72 and 260% above the Diversified Financial Services industry median of 1.70. Tong Hua Holdings PCL's overall GF Score™ is 63/100 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 Tong Hua Holdings PCL (BKK:TH), the current Return-on-Tangible-Equity is 6.12% 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 Tong Hua Holdings PCL (BKK:TH) Overvalued in 2026?
Based on GuruFocus' analysis, Tong Hua Holdings PCL stock appears to be undervalued.
The current stock price of ฿0.48 is trading 23.8% below its estimated GF Value™ of ฿0.63.
GuruFocus considers Tong Hua Holdings PCL to be Modestly Undervalued.
Key valuation signals for BKK:TH:
Return-on-Tangible-Equity: 6.12% (65% above median its 10-year median of 3.72)
GF Value™: ฿0.63 vs. price of ฿0.48 (23.8% below fair value)
Industry Position: 260% above the Diversified Financial Services median (#270 of 483)
No single metric tells the full story. See the BKK:TH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tong Hua Holdings PCL operates as an investment company. The company's business segments are divided into five segments: i) Producing and distributing newspaper, publishing and providing printing services, ii) Space rental for trading and service business, iii) Investment business, iv) Providing short - term funds in the form of factoring, loans, and v) Asset Management Business. Geographically, it operates mainly in Thailand.
63GF Score
Get the complete analysis for BKK:TH
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:TH has been successfully added to your 
