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Thai Optical Group PCLBKK:TOG 89 Return-on-Tangible-Equity is -5.30% as of Jun. 2026. GuruFocus rates BKK:TOG with a GF Score™ of 89/100 and a GF Value™ of ฿9.76 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 757 Medical Devices & Instruments companies, Thai Optical Group PCL ranks better than 69.35% 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 Optical Group PCL's annualized net income for the quarter that ended in Jun. 2026 was ฿-126 Mil. Thai Optical Group PCL's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ฿2,383 Mil. Therefore, Thai Optical Group PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was -5.30%.
The historical rank and industry rank for Thai Optical Group PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:TOG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.85 Med: 14.13 Max: 19.99
Current: 11.36
During the past 13 years, Thai Optical Group PCL's highest Return-on-Tangible-Equity was 19.99%. The lowest was 3.85%. And the median was 14.13%.
BKK:TOG's Return-on-Tangible-Equity is ranked better than 69.35% of 757
companies
in the Medical Devices & Instruments industry
Industry Median: 4.16
vs BKK:TOG: 11.36
Thai Optical Group PCL (BKK:TOG) 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 Optical Group PCL Return-on-Tangible-Equity Related Terms
Thai Optical Group PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Thai Optical Group 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 Optical Group PCL Return-on-Tangible-Equity Chart
BKK:TOG vs ISRG, BDX, MDLN: Return-on-Tangible-Equity Comparison
For the Medical Instruments & Supplies subindustry, Thai Optical Group 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 Optical Group PCL Return-on-Tangible-Equity vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Thai Optical Group PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Thai Optical Group 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 -5.30% mean?
Thai Optical Group PCL (BKK:TOG) has a Return-on-Tangible-Equity of -5.30% 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 Thai Optical Group PCL and its competitors. Over the past decade, Thai Optical Group PCL's Return-on-Tangible-Equity has ranged from 3.85 to 19.99. According to the industry distribution chart, Thai Optical Group PCL ranks #232 out of 757 companies in the Medical Devices & Instruments industry, placing it in the top 30.6%.
Is Thai Optical Group PCL's Return-on-Tangible-Equity too high?
Thai Optical Group PCL's current Return-on-Tangible-Equity is -5.30%. Over the past 10 years, this metric has ranged from a low of 3.85 to a high of 19.99. Based on the distribution chart, Thai Optical Group PCL ranks #232 out of 757 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Thai Optical Group PCL has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Optical Group PCL's Return-on-Tangible-Equity compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Thai Optical Group PCL ranks #232 out of 757 companies for Return-on-Tangible-Equity. This puts Thai Optical Group PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.16. Historically, Thai Optical Group PCL's own Return-on-Tangible-Equity has ranged from 3.85 to 19.99 over the past decade. 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 Medical Devices & Instruments company?
The median Return-on-Tangible-Equity among Medical Devices & Instruments companies is 4.16, based on 757 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. 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 Optical Group PCL and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Equity is 4.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Optical Group PCL's current Return-on-Tangible-Equity is -5.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Optical Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Optical Group PCL (BKK:TOG) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿9.76, compared to a current price of ฿7.30 — trading 25.2% below its estimated fair value. The current Return-on-Tangible-Equity is -5.30%. Thai Optical Group PCL's overall GF Score™ is 89/100 with 5 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 Optical Group PCL (BKK:TOG), the current Return-on-Tangible-Equity is -5.30% 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 Thai Optical Group PCL (BKK:TOG) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Optical Group PCL stock appears to be undervalued.
The current stock price of ฿7.30 is trading 25.2% below its estimated GF Value™ of ฿9.76.
GuruFocus considers Thai Optical Group PCL to be Modestly Undervalued.
Key valuation signals for BKK:TOG:
Return-on-Tangible-Equity: -5.30%
GF Value™: ฿9.76 vs. price of ฿7.30 (25.2% below fair value)
No single metric tells the full story. See the BKK:TOG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Optical Group PCL is engaged in the manufacturing and distribution of plastic lenses and related products. The company's products include Organic lenses, Mineral lenses, and Prescription Lenses. It has two reporting segments: Plastic and glass lens, which produce and sell optical lenses; Other products and services which are the sale of the glass mold, trading goods purchased for resale, glasses assembly services, and surface treatments. The majority of the revenue is generated from the plastic and glass lens segment. The company also operates in Europe, Australia, Asia and Pacific, America, Africa, and the Middle East. The majority of revenue is from America.
89GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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