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TPI Polene Power PCLBKK:TPIPP 68 Return-on-Tangible-Equity is 2.36% as of Mar. 2026, which is 84% below its 10-year median of 14.52. GuruFocus rates BKK:TPIPP with a GF Score™ of 68/100 and a GF Value™ of ฿2.35 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 427 Utilities - Independent Power Producers companies, TPI Polene Power PCL ranks worse than 52.46% 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. TPI Polene Power PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿862 Mil. TPI Polene Power PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿36,523 Mil. Therefore, TPI Polene Power PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.36%.
The historical rank and industry rank for TPI Polene Power PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:TPIPP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.2 Med: 14.52 Max: 21.01
Current: 4.2
During the past 12 years, TPI Polene Power PCL's highest Return-on-Tangible-Equity was 21.01%. The lowest was 4.20%. And the median was 14.52%.
BKK:TPIPP's Return-on-Tangible-Equity is ranked worse than 52.46% of 427
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.68
vs BKK:TPIPP: 4.20
TPI Polene Power PCL (BKK:TPIPP) 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.
TPI Polene Power PCL Return-on-Tangible-Equity Related Terms
TPI Polene Power PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TPI Polene Power 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.
TPI Polene Power PCL Return-on-Tangible-Equity Chart
TPI Polene Power PCL Return-on-Tangible-Equity Competitor Comparison
For the Utilities - Renewable subindustry, TPI Polene Power 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.
TPI Polene Power PCL Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, TPI Polene Power PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TPI Polene Power 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 2.36% mean?
TPI Polene Power PCL (BKK:TPIPP) has a Return-on-Tangible-Equity of 2.36% 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 TPI Polene Power PCL and its competitors. This is 84% below median its historical median of 14.52. Over the past decade, TPI Polene Power PCL's Return-on-Tangible-Equity has ranged from 4.20 to 21.01. According to the industry distribution chart, TPI Polene Power PCL ranks #224 out of 427 companies in the Utilities - Independent Power Producers industry, placing it in the top 52.5%.
Is TPI Polene Power PCL's Return-on-Tangible-Equity too high?
TPI Polene Power PCL's current Return-on-Tangible-Equity of 2.36% is 84% below median its 10-year median of 14.52. Over the past 10 years, this metric has ranged from a low of 4.20 to a high of 21.01. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.68. TPI Polene Power PCL's value of 2.36% is 49.6% below this industry median. Based on the distribution chart, TPI Polene Power PCL ranks #224 out of 427 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, TPI Polene Power PCL has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TPI Polene Power PCL's Return-on-Tangible-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, TPI Polene Power PCL ranks #224 out of 427 companies for Return-on-Tangible-Equity. This places TPI Polene Power PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.68. TPI Polene Power PCL's value of 2.36% is 49.6% below this benchmark. Historically, TPI Polene Power PCL's own Return-on-Tangible-Equity has ranged from 4.20 to 21.01 over the past decade. While the company's 10-year median is 14.52 vs. the industry median of 4.68, TPI Polene Power 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 Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.68, based on 427 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. TPI Polene Power PCL's current Return-on-Tangible-Equity of 2.36% is 49.6% 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 TPI Polene Power PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPI Polene Power PCL's current Return-on-Tangible-Equity is 2.36%, which is 84% below median its own 10-year median of 14.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPI Polene Power PCL stock overvalued right now?
Based on GuruFocus' analysis, TPI Polene Power PCL (BKK:TPIPP) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.35, compared to a current price of ฿1.81 — trading 23% below its estimated fair value. The current Return-on-Tangible-Equity is 2.36%, which is 84% below median its 10-year median of 14.52 and 49.6% below the Utilities - Independent Power Producers industry median of 4.68. TPI Polene Power PCL's overall GF Score™ is 68/100 with 10 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 TPI Polene Power PCL (BKK:TPIPP), the current Return-on-Tangible-Equity is 2.36% 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 TPI Polene Power PCL (BKK:TPIPP) Overvalued in 2026?
Based on GuruFocus' analysis, TPI Polene Power PCL stock appears to be undervalued.
The current stock price of ฿1.81 is trading 23% below its estimated GF Value™ of ฿2.35.
GuruFocus considers TPI Polene Power PCL to be Modestly Undervalued.
Key valuation signals for BKK:TPIPP:
Return-on-Tangible-Equity: 2.36% (84% below median its 10-year median of 14.52)
GF Value™: ฿2.35 vs. price of ฿1.81 (23% below fair value)
Industry Position: 49.6% below the Utilities - Independent Power Producers median (#224 of 427)
No single metric tells the full story. See the BKK:TPIPP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TPI Polene Power PCL is engaged in manufacturing and distributing electricity and refuse-derived fuel, organics waste, and distributing diesel and natural gas. The company is engaged in two segments which are Energy and utilities, Petrol and gas stations. It derives maximum revenue from Energy & Utilities segment. Geographically, the company operates in Thailand.
68GF Score
Get the complete analysis for BKK:TPIPP
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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