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Thanapiriya PCLBKK:TNP 97 Return-on-Tangible-Equity is 19.87% as of Dec. 2025, which is 29% above its 10-year median of 15.41. GuruFocus rates BKK:TNP with a GF Score™ of 97/100 and a GF Value™ of ฿3.89 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 301 Retail - Defensive companies, Thanapiriya PCL ranks better than 63.79% 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. Thanapiriya PCL's annualized net income for the quarter that ended in Dec. 2025 was ฿256 Mil. Thanapiriya PCL's average shareholder tangible equity for the quarter that ended in Dec. 2025 was ฿1,289 Mil. Therefore, Thanapiriya PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 19.87%.
The historical rank and industry rank for Thanapiriya PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:TNP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.12 Med: 15.41 Max: 22.69
Current: 16.97
During the past 13 years, Thanapiriya PCL's highest Return-on-Tangible-Equity was 22.69%. The lowest was 10.12%. And the median was 15.41%.
BKK:TNP's Return-on-Tangible-Equity is ranked better than 63.79% of 301
companies
in the Retail - Defensive industry
Industry Median: 10.96
vs BKK:TNP: 16.97
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.
Thanapiriya PCL Return-on-Tangible-Equity Related Terms
Thanapiriya PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Thanapiriya 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:TNP vs KR, SFM: Return-on-Tangible-Equity Comparison
For the Grocery Stores subindustry, Thanapiriya 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.
Thanapiriya PCL Return-on-Tangible-Equity vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Thanapiriya PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Thanapiriya 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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 19.87% mean?
Thanapiriya PCL (BKK:TNP) has a Return-on-Tangible-Equity of 19.87% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Thanapiriya PCL and its competitors. This is 29% above median its historical median of 15.41. Over the past decade, Thanapiriya PCL's Return-on-Tangible-Equity has ranged from 10.12 to 22.69. According to the industry distribution chart, Thanapiriya PCL ranks #109 out of 301 companies in the Retail - Defensive industry, placing it in the top 36.2%.
Is Thanapiriya PCL's Return-on-Tangible-Equity too high?
Thanapiriya PCL's current Return-on-Tangible-Equity of 19.87% is 29% above median its 10-year median of 15.41. Over the past 10 years, this metric has ranged from a low of 10.12 to a high of 22.69. The Retail - Defensive industry median Return-on-Tangible-Equity is 10.96. Thanapiriya PCL's value of 19.87% is 81.3% above this industry median. Based on the distribution chart, Thanapiriya PCL ranks #109 out of 301 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Thanapiriya PCL has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thanapiriya PCL's Return-on-Tangible-Equity compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Thanapiriya PCL ranks #109 out of 301 companies for Return-on-Tangible-Equity. This puts Thanapiriya PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.96. Thanapiriya PCL's value of 19.87% is 81.3% above this benchmark. Historically, Thanapiriya PCL's own Return-on-Tangible-Equity has ranged from 10.12 to 22.69 over the past decade. While the company's 10-year median is 15.41 vs. the industry median of 10.96, Thanapiriya 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 Retail - Defensive company?
The median Return-on-Tangible-Equity among Retail - Defensive companies is 10.96, based on 301 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. Thanapiriya PCL's current Return-on-Tangible-Equity of 19.87% is 81.3% 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 Thanapiriya PCL and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Equity is 10.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thanapiriya PCL's current Return-on-Tangible-Equity is 19.87%, which is 29% above median its own 10-year median of 15.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thanapiriya PCL stock overvalued right now?
Based on GuruFocus' analysis, Thanapiriya PCL (BKK:TNP) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿3.89, compared to a current price of ฿2.92 — trading 24.9% below its estimated fair value. The current Return-on-Tangible-Equity is 19.87%, which is 29% above median its 10-year median of 15.41 and 81.3% above the Retail - Defensive industry median of 10.96. Thanapiriya PCL's overall GF Score™ is 97/100 with 1 warning sign 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 Thanapiriya PCL (BKK:TNP), the current Return-on-Tangible-Equity is 19.87% as of Dec. 2025. 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 Thanapiriya PCL (BKK:TNP) Overvalued in 2026?
Based on GuruFocus' analysis, Thanapiriya PCL stock appears to be undervalued.
The current stock price of ฿2.92 is trading 24.9% below its estimated GF Value™ of ฿3.89.
GuruFocus considers Thanapiriya PCL to be Modestly Undervalued.
Key valuation signals for BKK:TNP:
Return-on-Tangible-Equity: 19.87% (29% above median its 10-year median of 15.41)
GF Value™: ฿3.89 vs. price of ฿2.92 (24.9% below fair value)
Industry Position: 81.3% above the Retail - Defensive median (#109 of 301)
No single metric tells the full story. See the BKK:TNP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thanapiriya PCL is engaged in the retail and wholesale business of consumer goods. The company operates retail and wholesale superstores excluding fresh food through its supermarkets under the brand Thanapiriya. It generates revenue from sales and services through its branches and head office in Thailand.
97GF Score
Get the complete analysis for BKK:TNP
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