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Thai Life Insurance PCLBKK:TLI 63 Return-on-Tangible-Equity is 9.37% as of Mar. 2026, which is 10% below its 10-year median of 10.46. GuruFocus rates BKK:TLI with a GF Score™ of 63/100 and a GF Value™ of ฿7.05 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 497 Insurance companies, Thai Life Insurance PCL ranks worse than 65.39% 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 Life Insurance PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿13,068 Mil. Thai Life Insurance PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿139,503 Mil. Therefore, Thai Life Insurance PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.37%.
The historical rank and industry rank for Thai Life Insurance PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:TLI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.54 Med: 10.46 Max: 12.45
Current: 8.71
During the past 9 years, Thai Life Insurance PCL's highest Return-on-Tangible-Equity was 12.45%. The lowest was 8.54%. And the median was 10.46%.
BKK:TLI's Return-on-Tangible-Equity is ranked worse than 65.39% of 497
companies
in the Insurance industry
Industry Median: 13.5
vs BKK:TLI: 8.71
Thai Life Insurance PCL (BKK:TLI) 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.
Thai Life Insurance PCL Return-on-Tangible-Equity Related Terms
Thai Life Insurance PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Thai Life Insurance 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.
Thai Life Insurance PCL Return-on-Tangible-Equity Chart
BKK:TLI vs AFL, MET, PRU: Return-on-Tangible-Equity Comparison
For the Insurance - Life subindustry, Thai Life Insurance 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 Life Insurance PCL Return-on-Tangible-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, Thai Life Insurance PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Thai Life Insurance 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 9.37% mean?
Thai Life Insurance PCL (BKK:TLI) has a Return-on-Tangible-Equity of 9.37% 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 Life Insurance PCL and its competitors. This is 10% below median its historical median of 10.46. Over the past decade, Thai Life Insurance PCL's Return-on-Tangible-Equity has ranged from 8.54 to 12.45. According to the industry distribution chart, Thai Life Insurance PCL ranks #325 out of 497 companies in the Insurance industry, placing it in the top 65.4%.
Is Thai Life Insurance PCL's Return-on-Tangible-Equity too high?
Thai Life Insurance PCL's current Return-on-Tangible-Equity of 9.37% is 10% below median its 10-year median of 10.46. Over the past 10 years, this metric has ranged from a low of 8.54 to a high of 12.45. The Insurance industry median Return-on-Tangible-Equity is 13.50. Thai Life Insurance PCL's value of 9.37% is 30.6% below this industry median. Based on the distribution chart, Thai Life Insurance PCL ranks #325 out of 497 companies in the Insurance industry, which is below the industry midpoint. Overall, Thai Life Insurance PCL has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Life Insurance PCL's Return-on-Tangible-Equity compare to AFL and MET?
According to the Insurance industry distribution chart, Thai Life Insurance PCL ranks #325 out of 497 companies for Return-on-Tangible-Equity. This places Thai Life Insurance PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 13.50. Thai Life Insurance PCL's value of 9.37% is 30.6% below this benchmark. Historically, Thai Life Insurance PCL's own Return-on-Tangible-Equity has ranged from 8.54 to 12.45 over the past decade. While the company's 10-year median is 10.46 vs. the industry median of 13.50, Thai Life Insurance 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 13.50, 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 Life Insurance PCL's current Return-on-Tangible-Equity of 9.37% is 30.6% 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 Life Insurance PCL and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Life Insurance PCL's current Return-on-Tangible-Equity is 9.37%, which is 10% below median its own 10-year median of 10.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Life Insurance PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Life Insurance PCL (BKK:TLI) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿7.05, compared to a current price of ฿11.70 — trading 66% above its estimated fair value. The current Return-on-Tangible-Equity is 9.37%, which is 10% below median its 10-year median of 10.46 and 30.6% below the Insurance industry median of 13.50. Thai Life Insurance PCL's overall GF Score™ is 63/100 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 Life Insurance PCL (BKK:TLI), the current Return-on-Tangible-Equity is 9.37% 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 Life Insurance PCL (BKK:TLI) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Life Insurance PCL stock appears to be overvalued.
The current stock price of ฿11.70 is trading 66% above its estimated GF Value™ of ฿7.05.
GuruFocus considers Thai Life Insurance PCL to be Significantly Overvalued.
Key valuation signals for BKK:TLI:
Return-on-Tangible-Equity: 9.37% (10% below median its 10-year median of 10.46)
GF Value™: ฿7.05 vs. price of ฿11.70 (66% above fair value)
Industry Position: 30.6% below the Insurance median (#325 of 497)
No single metric tells the full story. See the BKK:TLI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Life Insurance PCL is a life insurance company. It provides integrated products covering personal accident insurance and group insurance. Its segment includes agent channel; and partnership and other channels, which include commercial banks, government banks, leasing & hire purchase, consumer finance, direct marketing, group employee benefits, and digital. The company generates maximum revenue from the agent channel segment.
63GF Score
Get the complete analysis for BKK:TLI
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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