Thai Reinsurance PCLBKK:THRE-R 42 Return-on-Tangible-Equity is 12.02% as of Mar. 2026, which is 579% above its 10-year median of 1.77. GuruFocus rates BKK:THRE-R with a GF Score™ of 42/100 and a GF Value™ of ฿0.48. The stock has 3 warning signs investors should review. Among 497 Insurance companies, Thai Reinsurance PCL ranks worse than 83.5% 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 Reinsurance PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿428 Mil. Thai Reinsurance PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿3,558 Mil. Therefore, Thai Reinsurance PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.02%.
The historical rank and industry rank for Thai Reinsurance PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:THRE-R'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -24.55 Med: 1.77 Max: 7.97
Current: 4.07
During the past 13 years, Thai Reinsurance PCL's highest Return-on-Tangible-Equity was 7.97%. The lowest was -24.55%. And the median was 1.77%.
BKK:THRE-R's Return-on-Tangible-Equity is ranked worse than 83.5% of 497
companies
in the Insurance industry
Industry Median: 13.54
vs BKK:THRE-R: 4.07
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 Reinsurance PCL Return-on-Tangible-Equity Related Terms
Thai Reinsurance PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Thai Reinsurance 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:THRE-R vs RGA, EG, RNR: Return-on-Tangible-Equity Comparison
For the Insurance - Reinsurance subindustry, Thai Reinsurance 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 Reinsurance PCL Return-on-Tangible-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, Thai Reinsurance PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Thai Reinsurance 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 12.02% mean?
Thai Reinsurance PCL (BKK:THRE-R) has a Return-on-Tangible-Equity of 12.02% 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 Reinsurance PCL and its competitors. This is 579% above median its historical median of 1.77. According to the industry distribution chart, Thai Reinsurance PCL ranks #415 out of 497 companies in the Insurance industry, placing it in the top 83.5%.
Is Thai Reinsurance PCL's Return-on-Tangible-Equity too high?
Thai Reinsurance PCL's current Return-on-Tangible-Equity of 12.02% is 579% above median its 10-year median of 1.77. The Insurance industry median Return-on-Tangible-Equity is 13.54. Thai Reinsurance PCL's value of 12.02% is 11.2% below this industry median. Based on the distribution chart, Thai Reinsurance PCL ranks #415 out of 497 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Thai Reinsurance PCL has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Thai Reinsurance PCL's Return-on-Tangible-Equity compare to RGA and EG?
According to the Insurance industry distribution chart, Thai Reinsurance PCL ranks #415 out of 497 companies for Return-on-Tangible-Equity. This places Thai Reinsurance PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 13.54. Thai Reinsurance PCL's value of 12.02% is 11.2% below this benchmark. While the company's 10-year median is 1.77 vs. the industry median of 13.54, Thai Reinsurance 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 an Insurance company?
The median Return-on-Tangible-Equity among Insurance companies is 13.54, based on 497 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 Reinsurance PCL's current Return-on-Tangible-Equity of 12.02% is 11.2% 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 Thai Reinsurance PCL and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Reinsurance PCL's current Return-on-Tangible-Equity is 12.02%, which is 579% above median its own 10-year median of 1.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Reinsurance PCL stock overvalued right now?
Thai Reinsurance PCL (BKK:THRE-R) has a current Return-on-Tangible-Equity of 12.02%. The stock's GF Value™ is ฿0.48, compared to a current price of ฿0.39 — trading 18.8% below its estimated fair value. The current Return-on-Tangible-Equity is 12.02%, which is 579% above median its 10-year median of 1.77 and 11.2% below the Insurance industry median of 13.54. Thai Reinsurance PCL's overall GF Score™ is 42/100 with 3 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 Reinsurance PCL (BKK:THRE-R), the current Return-on-Tangible-Equity is 12.02% 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 Reinsurance PCL (BKK:THRE-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Reinsurance PCL stock appears to be undervalued.
The current stock price of ฿0.39 is trading 18.8% below its estimated GF Value™ of ฿0.48.
Key valuation signals for BKK:THRE-R:
Return-on-Tangible-Equity: 12.02% (579% above median its 10-year median of 1.77)
GF Value™: ฿0.48 vs. price of ฿0.39 (18.8% below fair value)
Industry Position: 11.2% below the Insurance median (#415 of 497)
No single metric tells the full story. See the BKK:THRE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Reinsurance PCL provides reinsurance for non-life businesses diversify risk, including but not limited to property, personal accident, engineering, and marine and cargo risk. The company provides two main types of reinsurance contracts: facultative reinsurance and treaty reinsurance. Its segments include Motor insurance and Non-motor insurance. The majority of the revenue is derived from Non-motor insurance segment. The group operates in Thailand only.
42GF Score
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