Thai Steel Cable PCLBKK:TSC 86 Return-on-Tangible-Equity is 25.74% as of Mar. 2026, which is 81% above its 10-year median of 14.22. GuruFocus rates BKK:TSC with a GF Score™ of 86/100 and a GF Value™ of ฿12.97 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,283 Vehicles & Parts companies, Thai Steel Cable PCL ranks better than 86.36% 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 Steel Cable PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿411 Mil. Thai Steel Cable PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿1,596 Mil. Therefore, Thai Steel Cable PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 25.74%.
The historical rank and industry rank for Thai Steel Cable PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:TSC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.16 Med: 14.22 Max: 23.01
Current: 23.01
During the past 13 years, Thai Steel Cable PCL's highest Return-on-Tangible-Equity was 23.01%. The lowest was 5.16%. And the median was 14.22%.
BKK:TSC's Return-on-Tangible-Equity is ranked better than 86.36% of 1283
companies
in the Vehicles & Parts industry
Industry Median: 7.47
vs BKK:TSC: 23.01
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 Steel Cable PCL Return-on-Tangible-Equity Related Terms
Thai Steel Cable PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Thai Steel Cable 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:TSC vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Thai Steel Cable 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 Steel Cable PCL Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Thai Steel Cable PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Thai Steel Cable 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 25.74% mean?
Thai Steel Cable PCL (BKK:TSC) has a Return-on-Tangible-Equity of 25.74% 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 Thai Steel Cable PCL and its competitors. This is 81% above median its historical median of 14.22. Over the past decade, Thai Steel Cable PCL's Return-on-Tangible-Equity has ranged from 5.16 to 23.01. According to the industry distribution chart, Thai Steel Cable PCL ranks #175 out of 1283 companies in the Vehicles & Parts industry, placing it in the top 13.6%.
Is Thai Steel Cable PCL's Return-on-Tangible-Equity too high?
Thai Steel Cable PCL's current Return-on-Tangible-Equity of 25.74% is 81% above median its 10-year median of 14.22. Over the past 10 years, this metric has ranged from a low of 5.16 to a high of 23.01. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.47. Thai Steel Cable PCL's value of 25.74% is 244.6% above this industry median. Based on the distribution chart, Thai Steel Cable PCL ranks #175 out of 1283 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Steel Cable PCL has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Steel Cable PCL's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Thai Steel Cable PCL ranks #175 out of 1283 companies for Return-on-Tangible-Equity. This places Thai Steel Cable PCL in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.47. Thai Steel Cable PCL's value of 25.74% is 244.6% above this benchmark. Historically, Thai Steel Cable PCL's own Return-on-Tangible-Equity has ranged from 5.16 to 23.01 over the past decade. While the company's 10-year median is 14.22 vs. the industry median of 7.47, Thai Steel Cable 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.47, based on 1,283 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. Thai Steel Cable PCL's current Return-on-Tangible-Equity of 25.74% is 244.6% 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 Thai Steel Cable PCL and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Steel Cable PCL's current Return-on-Tangible-Equity is 25.74%, which is 81% above median its own 10-year median of 14.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Steel Cable PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Steel Cable PCL (BKK:TSC) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿12.97, compared to a current price of ฿15.10 — trading 16.4% above its estimated fair value. The current Return-on-Tangible-Equity is 25.74%, which is 81% above median its 10-year median of 14.22 and 244.6% above the Vehicles & Parts industry median of 7.47. Thai Steel Cable PCL's overall GF Score™ is 86/100 with 6 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 Steel Cable PCL (BKK:TSC), the current Return-on-Tangible-Equity is 25.74% 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 Thai Steel Cable PCL (BKK:TSC) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Steel Cable PCL stock appears to be overvalued.
The current stock price of ฿15.10 is trading 16.4% above its estimated GF Value™ of ฿12.97.
GuruFocus considers Thai Steel Cable PCL to be Modestly Overvalued.
Key valuation signals for BKK:TSC:
Return-on-Tangible-Equity: 25.74% (81% above median its 10-year median of 14.22)
GF Value™: ฿12.97 vs. price of ฿15.10 (16.4% above fair value)
Industry Position: 244.6% above the Vehicles & Parts median (#175 of 1283)
No single metric tells the full story. See the BKK:TSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Steel Cable PCL is a Thailand-based company engaged in the manufacture and sales of control cables, parts, and equipment for vehicles and motorcycles. Its products are divided into three categories: Automobile control cables which include products like accelerator cables, door lock cables, fuel lid opener cables, hood release cables, parking brake cables, seat belt cables, transmission cables, and trunk opener cables; Motorcycle control cables which include brake cables, clutch cables, seat lock cables, speedometer cables, tachometer cables, and throttle cables, and Automobile window regulators. The company operates only in Thailand.
86GF Score
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