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TQM Alpha PCLBKK:TQM-R +36.29%86 Return-on-Tangible-Equity is 27.84% as of Jun. 2026, which is 20% below its 10-year median of 34.61. GuruFocus rates BKK:TQM-R with a GF Score™ of 86/100 and a GF Value™ of ฿16.86. The stock has 11 warning signs investors should review. Among 493 Insurance companies, TQM Alpha PCL ranks better than 82.35% 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. TQM Alpha PCL's annualized net income for the quarter that ended in Jun. 2026 was ฿685 Mil. TQM Alpha PCL's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ฿2,462 Mil. Therefore, TQM Alpha PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 27.84%.
The historical rank and industry rank for TQM Alpha PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:TQM-R'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 22.69 Med: 34.61 Max: 78.08
Current: 29.6
During the past 12 years, TQM Alpha PCL's highest Return-on-Tangible-Equity was 78.08%. The lowest was 22.69%. And the median was 34.61%.
BKK:TQM-R's Return-on-Tangible-Equity is ranked better than 82.35% of 493
companies
in the Insurance industry
Industry Median: 13.87
vs BKK:TQM-R: 29.60
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.
TQM Alpha PCL Return-on-Tangible-Equity Related Terms
TQM Alpha PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TQM Alpha 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:TQM-R vs MRSH, AON, AJG: Return-on-Tangible-Equity Comparison
For the Insurance Brokers subindustry, TQM Alpha 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.
TQM Alpha PCL Return-on-Tangible-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, TQM Alpha PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TQM Alpha 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 27.84% mean?
TQM Alpha PCL (BKK:TQM-R) has a Return-on-Tangible-Equity of 27.84% 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 TQM Alpha PCL and its competitors. This is 20% below median its historical median of 34.61. Over the past decade, TQM Alpha PCL's Return-on-Tangible-Equity has ranged from 22.69 to 78.08. According to the industry distribution chart, TQM Alpha PCL ranks #87 out of 493 companies in the Insurance industry, placing it in the top 17.6%.
Is TQM Alpha PCL's Return-on-Tangible-Equity too high?
TQM Alpha PCL's current Return-on-Tangible-Equity of 27.84% is 20% below median its 10-year median of 34.61. Over the past 10 years, this metric has ranged from a low of 22.69 to a high of 78.08. The Insurance industry median Return-on-Tangible-Equity is 13.87. TQM Alpha PCL's value of 27.84% is 100.7% above this industry median. Based on the distribution chart, TQM Alpha PCL ranks #87 out of 493 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, TQM Alpha PCL has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does TQM Alpha PCL's Return-on-Tangible-Equity compare to MRSH and AON?
According to the Insurance industry distribution chart, TQM Alpha PCL ranks #87 out of 493 companies for Return-on-Tangible-Equity. This places TQM Alpha PCL in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 13.87. TQM Alpha PCL's value of 27.84% is 100.7% above this benchmark. Historically, TQM Alpha PCL's own Return-on-Tangible-Equity has ranged from 22.69 to 78.08 over the past decade. While the company's 10-year median is 34.61 vs. the industry median of 13.87, TQM Alpha 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 an Insurance company?
The median Return-on-Tangible-Equity among Insurance companies is 13.87, based on 493 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. TQM Alpha PCL's current Return-on-Tangible-Equity of 27.84% is 100.7% 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 TQM Alpha PCL and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TQM Alpha PCL's current Return-on-Tangible-Equity is 27.84%, which is 20% below median its own 10-year median of 34.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TQM Alpha PCL stock overvalued right now?
TQM Alpha PCL (BKK:TQM-R) has a current Return-on-Tangible-Equity of 27.84%. The stock's GF Value™ is ฿16.86, compared to a current price of ฿16.90 — trading 0.2% above its estimated fair value. The current Return-on-Tangible-Equity is 27.84%, which is 20% below median its 10-year median of 34.61 and 100.7% above the Insurance industry median of 13.87. TQM Alpha PCL's overall GF Score™ is 86/100 with 11 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 TQM Alpha PCL (BKK:TQM-R), the current Return-on-Tangible-Equity is 27.84% 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 TQM Alpha PCL (BKK:TQM-R) Overvalued in 2026?
Based on GuruFocus' analysis, TQM Alpha PCL stock appears to be overvalued.
The current stock price of ฿16.90 is trading 0.2% above its estimated GF Value™ of ฿16.86.
Key valuation signals for BKK:TQM-R:
Return-on-Tangible-Equity: 27.84% (20% below median its 10-year median of 34.61)
GF Value™: ฿16.86 vs. price of ฿16.90 (0.2% above fair value)
Industry Position: 100.7% above the Insurance median (#87 of 493)
No single metric tells the full story. See the BKK:TQM-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TQM Alpha PCL is engaged in investment in companies that are focused on non-life insurance brokers, life insurance brokers, reinsurance brokers, personal loans, and the provision of services as a manager, caregiver, collect benefits, and property management for related parties. It also provides procurement and consulting services for computer software and hardware.
86GF Score
Get the complete analysis for BKK:TQM-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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