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TOA Paint (Thailand) PCLBKK:TOA-R -1.90%88 Return-on-Tangible-Equity is 19.01% as of Jun. 2026, which is 7% below its 10-year median of 20.51. GuruFocus rates BKK:TOA-R with a GF Score™ of 88/100 and a GF Value™ of ฿13.39 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,575 Chemicals companies, TOA Paint (Thailand) PCL ranks better than 89.59% 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. TOA Paint (Thailand) PCL's annualized net income for the quarter that ended in Jun. 2026 was ฿2,871 Mil. TOA Paint (Thailand) PCL's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ฿15,106 Mil. Therefore, TOA Paint (Thailand) PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 19.01%.
The historical rank and industry rank for TOA Paint (Thailand) PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:TOA-R'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.72 Med: 20.51 Max: 84.06
Current: 22.61
During the past 11 years, TOA Paint (Thailand) PCL's highest Return-on-Tangible-Equity was 84.06%. The lowest was 11.72%. And the median was 20.51%.
BKK:TOA-R's Return-on-Tangible-Equity is ranked better than 89.59% of 1575
companies
in the Chemicals industry
Industry Median: 6.84
vs BKK:TOA-R: 22.61
TOA Paint (Thailand) PCL (BKK:TOA-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.
TOA Paint (Thailand) PCL Return-on-Tangible-Equity Related Terms
TOA Paint (Thailand) PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TOA Paint (Thailand) 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.
TOA Paint (Thailand) PCL Return-on-Tangible-Equity Chart
BKK:TOA-R vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, TOA Paint (Thailand) 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.
TOA Paint (Thailand) PCL Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, TOA Paint (Thailand) PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TOA Paint (Thailand) 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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 19.01% mean?
TOA Paint (Thailand) PCL (BKK:TOA-R) has a Return-on-Tangible-Equity of 19.01% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on TOA Paint (Thailand) PCL and its competitors. This is near median its historical median of 20.51. Over the past decade, TOA Paint (Thailand) PCL's Return-on-Tangible-Equity has ranged from 11.72 to 84.06. According to the industry distribution chart, TOA Paint (Thailand) PCL ranks #164 out of 1575 companies in the Chemicals industry, placing it in the top 10.4%.
Is TOA Paint (Thailand) PCL's Return-on-Tangible-Equity too high?
TOA Paint (Thailand) PCL's current Return-on-Tangible-Equity of 19.01% is near median its 10-year median of 20.51. Over the past 10 years, this metric has ranged from a low of 11.72 to a high of 84.06. The Chemicals industry median Return-on-Tangible-Equity is 6.84. TOA Paint (Thailand) PCL's value of 19.01% is 177.9% above this industry median. Based on the distribution chart, TOA Paint (Thailand) PCL ranks #164 out of 1575 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, TOA Paint (Thailand) PCL has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOA Paint (Thailand) PCL's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, TOA Paint (Thailand) PCL ranks #164 out of 1575 companies for Return-on-Tangible-Equity. This places TOA Paint (Thailand) PCL in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.84. TOA Paint (Thailand) PCL's value of 19.01% is 177.9% above this benchmark. Historically, TOA Paint (Thailand) PCL's own Return-on-Tangible-Equity has ranged from 11.72 to 84.06 over the past decade. While the company's 10-year median is 20.51 vs. the industry median of 6.84, TOA Paint (Thailand) 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 6.84, based on 1,575 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. TOA Paint (Thailand) PCL's current Return-on-Tangible-Equity of 19.01% is 177.9% 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 TOA Paint (Thailand) PCL and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 6.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOA Paint (Thailand) PCL's current Return-on-Tangible-Equity is 19.01%, which is near median its own 10-year median of 20.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOA Paint (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, TOA Paint (Thailand) PCL (BKK:TOA-R) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿13.39, compared to a current price of ฿15.20 — trading 13.5% above its estimated fair value. The current Return-on-Tangible-Equity is 19.01%, which is near median its 10-year median of 20.51 and 177.9% above the Chemicals industry median of 6.84. TOA Paint (Thailand) PCL's overall GF Score™ is 88/100 with 2 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 TOA Paint (Thailand) PCL (BKK:TOA-R), the current Return-on-Tangible-Equity is 19.01% as of Jun. 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 TOA Paint (Thailand) PCL (BKK:TOA-R) Overvalued in 2026?
Based on GuruFocus' analysis, TOA Paint (Thailand) PCL stock appears to be overvalued.
The current stock price of ฿15.20 is trading 13.5% above its estimated GF Value™ of ฿13.39.
GuruFocus considers TOA Paint (Thailand) PCL to be Modestly Overvalued.
Key valuation signals for BKK:TOA-R:
Return-on-Tangible-Equity: 19.01% (near median its 10-year median of 20.51)
GF Value™: ฿13.39 vs. price of ฿15.20 (13.5% above fair value)
Industry Position: 177.9% above the Chemicals median (#164 of 1575)
No single metric tells the full story. See the BKK:TOA-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOA Paint (Thailand) PCL is principally engaged in the manufacture and distribution of paints and chemicals. Its product types are decorative coatings, wood coatings, construction chemicals, heavy-duty coatings, special paint, and hardware and power tools. The company generates a majority of its revenue from Thailand.
88GF Score
Get the complete analysis for BKK:TOA-R
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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