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TQR PCLBKK:TQR +0.88%88 Return-on-Tangible-Equity is 28.22% as of Mar. 2026, which is 32% above its 10-year median of 21.30. GuruFocus rates BKK:TQR with a GF Score™ of 88/100 and a GF Value™ of ฿6.33 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 499 Insurance companies, TQR PCL ranks better than 68.74% 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. TQR PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿146.9 Mil. TQR PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿520.5 Mil. Therefore, TQR PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 28.22%.
The historical rank and industry rank for TQR PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:TQR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 20.47 Med: 21.3 Max: 74.68
Current: 20.59
During the past 8 years, TQR PCL's highest Return-on-Tangible-Equity was 74.68%. The lowest was 20.47%. And the median was 21.30%.
BKK:TQR's Return-on-Tangible-Equity is ranked better than 68.74% of 499
companies
in the Insurance industry
Industry Median: 13.51
vs BKK:TQR: 20.59
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.
TQR PCL Return-on-Tangible-Equity Related Terms
TQR PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TQR 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:TQR vs RGA, EG, RNR: Return-on-Tangible-Equity Comparison
For the Insurance - Reinsurance subindustry, TQR 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.
TQR PCL Return-on-Tangible-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, TQR PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TQR 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 28.22% mean?
TQR PCL (BKK:TQR) has a Return-on-Tangible-Equity of 28.22% 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 TQR PCL and its competitors. This is 32% above median its historical median of 21.30. Over the past decade, TQR PCL's Return-on-Tangible-Equity has ranged from 20.47 to 74.68. According to the industry distribution chart, TQR PCL ranks #156 out of 499 companies in the Insurance industry, placing it in the top 31.3%.
Is TQR PCL's Return-on-Tangible-Equity too high?
TQR PCL's current Return-on-Tangible-Equity of 28.22% is 32% above median its 10-year median of 21.30. Over the past 10 years, this metric has ranged from a low of 20.47 to a high of 74.68. The Insurance industry median Return-on-Tangible-Equity is 13.51. TQR PCL's value of 28.22% is 108.9% above this industry median. Based on the distribution chart, TQR PCL ranks #156 out of 499 companies in the Insurance industry, which is above the industry midpoint. Overall, TQR PCL has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TQR PCL's Return-on-Tangible-Equity compare to RGA and EG?
According to the Insurance industry distribution chart, TQR PCL ranks #156 out of 499 companies for Return-on-Tangible-Equity. This puts TQR PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 13.51. TQR PCL's value of 28.22% is 108.9% above this benchmark. Historically, TQR PCL's own Return-on-Tangible-Equity has ranged from 20.47 to 74.68 over the past decade. While the company's 10-year median is 21.30 vs. the industry median of 13.51, TQR 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 13.51, based on 499 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. TQR PCL's current Return-on-Tangible-Equity of 28.22% is 108.9% 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 TQR PCL and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TQR PCL's current Return-on-Tangible-Equity is 28.22%, which is 32% above median its own 10-year median of 21.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TQR PCL stock overvalued right now?
Based on GuruFocus' analysis, TQR PCL (BKK:TQR) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿6.33, compared to a current price of ฿5.70 — trading 10% below its estimated fair value. The current Return-on-Tangible-Equity is 28.22%, which is 32% above median its 10-year median of 21.30 and 108.9% above the Insurance industry median of 13.51. TQR 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 TQR PCL (BKK:TQR), the current Return-on-Tangible-Equity is 28.22% 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 TQR PCL (BKK:TQR) Overvalued in 2026?
Based on GuruFocus' analysis, TQR PCL stock appears to be undervalued.
The current stock price of ฿5.70 is trading 10% below its estimated GF Value™ of ฿6.33.
GuruFocus considers TQR PCL to be Modestly Undervalued.
Key valuation signals for BKK:TQR:
Return-on-Tangible-Equity: 28.22% (32% above median its 10-year median of 21.30)
GF Value™: ฿6.33 vs. price of ฿5.70 (10% below fair value)
Industry Position: 108.9% above the Insurance median (#156 of 499)
No single metric tells the full story. See the BKK:TQR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TQR PCL is a Thailand-based company engaged in the reinsurance brokerage business. The company operates through three segments: Traditional Business, which provides general reinsurance brokerage services; Alternatives Business, which offers reinsurance consulting services and develops new distribution channels and products; and Other Business, which includes related supporting activities. It generates the majority of its revenue from the Alternatives Business segment.
88GF 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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