Thantawan Industry PCLBKK:THIP-R 72 Return-on-Tangible-Equity is 3.96% as of Mar. 2026, which is 75% below its 10-year median of 15.83. GuruFocus rates BKK:THIP-R with a GF Score™ of 72/100 and a GF Value™ of ฿36.74. The stock has 6 warning signs investors should review. Among 387 Packaging & Containers companies, Thantawan Industry PCL ranks worse than 53.75% 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. Thantawan Industry PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿111 Mil. Thantawan Industry PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿2,808 Mil. Therefore, Thantawan Industry PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.96%.
The historical rank and industry rank for Thantawan Industry PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:THIP-R'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.25 Med: 15.83 Max: 26.59
Current: 5.25
During the past 13 years, Thantawan Industry PCL's highest Return-on-Tangible-Equity was 26.59%. The lowest was 5.25%. And the median was 15.83%.
BKK:THIP-R's Return-on-Tangible-Equity is ranked worse than 53.75% of 387
companies
in the Packaging & Containers industry
Industry Median: 5.97
vs BKK:THIP-R: 5.25
Thantawan Industry PCL (BKK:THIP-R) 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.
Thantawan Industry PCL Return-on-Tangible-Equity Related Terms
Thantawan Industry PCL Return-on-Tangible-Equity Historical Data
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The historical data trend for Thantawan Industry 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.
Thantawan Industry PCL Return-on-Tangible-Equity Chart
BKK:THIP-R vs SW, PKG, AMCR: Return-on-Tangible-Equity Comparison
For the Packaging & Containers subindustry, Thantawan Industry 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.
Thantawan Industry PCL Return-on-Tangible-Equity vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thantawan Industry PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Thantawan Industry 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 3.96% mean?
Thantawan Industry PCL (BKK:THIP-R) has a Return-on-Tangible-Equity of 3.96% 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 Thantawan Industry PCL and its competitors. This is 75% below median its historical median of 15.83. Over the past decade, Thantawan Industry PCL's Return-on-Tangible-Equity has ranged from 5.25 to 26.59. According to the industry distribution chart, Thantawan Industry PCL ranks #208 out of 387 companies in the Packaging & Containers industry, placing it in the top 53.7%.
Is Thantawan Industry PCL's Return-on-Tangible-Equity too high?
Thantawan Industry PCL's current Return-on-Tangible-Equity of 3.96% is 75% below median its 10-year median of 15.83. Over the past 10 years, this metric has ranged from a low of 5.25 to a high of 26.59. The Packaging & Containers industry median Return-on-Tangible-Equity is 5.97. Thantawan Industry PCL's value of 3.96% is 33.7% below this industry median. Based on the distribution chart, Thantawan Industry PCL ranks #208 out of 387 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Thantawan Industry PCL has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Thantawan Industry PCL's Return-on-Tangible-Equity compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thantawan Industry PCL ranks #208 out of 387 companies for Return-on-Tangible-Equity. This places Thantawan Industry PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.97. Thantawan Industry PCL's value of 3.96% is 33.7% below this benchmark. Historically, Thantawan Industry PCL's own Return-on-Tangible-Equity has ranged from 5.25 to 26.59 over the past decade. While the company's 10-year median is 15.83 vs. the industry median of 5.97, Thantawan Industry 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 5.97, based on 387 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. Thantawan Industry PCL's current Return-on-Tangible-Equity of 3.96% is 33.7% 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 Thantawan Industry PCL and its competitors. For the Packaging & Containers industry, the median Return-on-Tangible-Equity is 5.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thantawan Industry PCL's current Return-on-Tangible-Equity is 3.96%, which is 75% below median its own 10-year median of 15.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thantawan Industry PCL stock overvalued right now?
Thantawan Industry PCL (BKK:THIP-R) has a current Return-on-Tangible-Equity of 3.96%. The stock's GF Value™ is ฿36.74, compared to a current price of ฿23.00 — trading 37.4% below its estimated fair value. The current Return-on-Tangible-Equity is 3.96%, which is 75% below median its 10-year median of 15.83 and 33.7% below the Packaging & Containers industry median of 5.97. Thantawan Industry PCL's overall GF Score™ is 72/100 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 Thantawan Industry PCL (BKK:THIP-R), the current Return-on-Tangible-Equity is 3.96% 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 Thantawan Industry PCL (BKK:THIP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thantawan Industry PCL stock appears to be undervalued.
The current stock price of ฿23.00 is trading 37.4% below its estimated GF Value™ of ฿36.74.
Key valuation signals for BKK:THIP-R:
Return-on-Tangible-Equity: 3.96% (75% below median its 10-year median of 15.83)
GF Value™: ฿36.74 vs. price of ฿23.00 (37.4% below fair value)
Industry Position: 33.7% below the Packaging & Containers median (#208 of 387)
No single metric tells the full story. See the BKK:THIP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The Group manufactures and sells plastic products, which are divided into two main products: plastic bags and straw products. Other products are Zipper tape and resin scrap, etc. Key revenue is generated from Plastic bag. The geographical area of its operation is Thailand and Vietnam.
72GF Score
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