Ratchthani Leasing PCLBKK:THANI-R 60 Return-on-Tangible-Equity is 9.57% as of Mar. 2026, which is 43% below its 10-year median of 16.88. GuruFocus rates BKK:THANI-R with a GF Score™ of 60/100 and a GF Value™ of ฿2.83. The stock has 6 warning signs investors should review. Among 525 Credit Services companies, Ratchthani Leasing PCL ranks better than 56.57% 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. Ratchthani Leasing PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿1,361 Mil. Ratchthani Leasing PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿14,229 Mil. Therefore, Ratchthani Leasing PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.57%.
The historical rank and industry rank for Ratchthani Leasing PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:THANI-R'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.16 Med: 16.88 Max: 26.46
Current: 8.92
During the past 13 years, Ratchthani Leasing PCL's highest Return-on-Tangible-Equity was 26.46%. The lowest was 6.16%. And the median was 16.88%.
BKK:THANI-R's Return-on-Tangible-Equity is ranked better than 56.57% of 525
companies
in the Credit Services industry
Industry Median: 7.01
vs BKK:THANI-R: 8.92
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.
Ratchthani Leasing PCL Return-on-Tangible-Equity Related Terms
Ratchthani Leasing PCL Return-on-Tangible-Equity Historical Data
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The historical data trend for Ratchthani Leasing 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:THANI-R vs V, MA, AXP: Return-on-Tangible-Equity Comparison
For the Credit Services subindustry, Ratchthani Leasing 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.
Ratchthani Leasing PCL Return-on-Tangible-Equity vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Ratchthani Leasing PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ratchthani Leasing 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 9.57% mean?
Ratchthani Leasing PCL (BKK:THANI-R) has a Return-on-Tangible-Equity of 9.57% 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 Ratchthani Leasing PCL and its competitors. This is 43% below median its historical median of 16.88. Over the past decade, Ratchthani Leasing PCL's Return-on-Tangible-Equity has ranged from 6.16 to 26.46. According to the industry distribution chart, Ratchthani Leasing PCL ranks #228 out of 525 companies in the Credit Services industry, placing it in the top 43.4%.
Is Ratchthani Leasing PCL's Return-on-Tangible-Equity too high?
Ratchthani Leasing PCL's current Return-on-Tangible-Equity of 9.57% is 43% below median its 10-year median of 16.88. Over the past 10 years, this metric has ranged from a low of 6.16 to a high of 26.46. The Credit Services industry median Return-on-Tangible-Equity is 7.01. Ratchthani Leasing PCL's value of 9.57% is 36.5% above this industry median. Based on the distribution chart, Ratchthani Leasing PCL ranks #228 out of 525 companies in the Credit Services industry, which is above the industry midpoint. Overall, Ratchthani Leasing PCL has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does Ratchthani Leasing PCL's Return-on-Tangible-Equity compare to V and MA?
According to the Credit Services industry distribution chart, Ratchthani Leasing PCL ranks #228 out of 525 companies for Return-on-Tangible-Equity. This puts Ratchthani Leasing PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.01. Ratchthani Leasing PCL's value of 9.57% is 36.5% above this benchmark. Historically, Ratchthani Leasing PCL's own Return-on-Tangible-Equity has ranged from 6.16 to 26.46 over the past decade. While the company's 10-year median is 16.88 vs. the industry median of 7.01, Ratchthani Leasing 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 Credit Services company?
The median Return-on-Tangible-Equity among Credit Services companies is 7.01, based on 525 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. Ratchthani Leasing PCL's current Return-on-Tangible-Equity of 9.57% is 36.5% 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 Ratchthani Leasing PCL and its competitors. For the Credit Services industry, the median Return-on-Tangible-Equity is 7.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratchthani Leasing PCL's current Return-on-Tangible-Equity is 9.57%, which is 43% below median its own 10-year median of 16.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratchthani Leasing PCL stock overvalued right now?
Ratchthani Leasing PCL (BKK:THANI-R) has a current Return-on-Tangible-Equity of 9.57%. The stock's GF Value™ is ฿2.83, compared to a current price of ฿2.94 — trading 3.9% above its estimated fair value. The current Return-on-Tangible-Equity is 9.57%, which is 43% below median its 10-year median of 16.88 and 36.5% above the Credit Services industry median of 7.01. Ratchthani Leasing PCL's overall GF Score™ is 60/100 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 Ratchthani Leasing PCL (BKK:THANI-R), the current Return-on-Tangible-Equity is 9.57% 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 Ratchthani Leasing PCL (BKK:THANI-R) Overvalued in 2026?
Based on GuruFocus' analysis, Ratchthani Leasing PCL stock appears to be overvalued.
The current stock price of ฿2.94 is trading 3.9% above its estimated GF Value™ of ฿2.83.
Key valuation signals for BKK:THANI-R:
Return-on-Tangible-Equity: 9.57% (43% below median its 10-year median of 16.88)
GF Value™: ฿2.83 vs. price of ฿2.94 (3.9% above fair value)
Industry Position: 36.5% above the Credit Services median (#228 of 525)
No single metric tells the full story. See the BKK:THANI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ratchthani Leasing PCL is engaged in providing financial services specifically hire-purchase and leasing. It conducts business by providing hire-purchase credit services and financial leasing services for commercial cars, vehicles, and other assets, including one-stop relevant services. The company's business consists of primary activities, including inbound logistics management, operations, outbound logistics, marketing and sales, and customer services.
60GF Score
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