Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Union Plastic PCLBKK:UP 66 Return-on-Tangible-Equity is 42.96% as of Mar. 2026, which is 704% above its 10-year median of 5.34. GuruFocus rates BKK:UP with a GF Score™ of 66/100 and a GF Value™ of ฿16.77 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,283 Vehicles & Parts companies, Union Plastic PCL ranks better than 59.31% 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. Union Plastic PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿277.8 Mil. Union Plastic PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿646.6 Mil. Therefore, Union Plastic PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 42.96%.
The historical rank and industry rank for Union Plastic PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:UP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.26 Med: 5.34 Max: 10.25
Current: 10.09
During the past 13 years, Union Plastic PCL's highest Return-on-Tangible-Equity was 10.25%. The lowest was -7.26%. And the median was 5.34%.
BKK:UP's Return-on-Tangible-Equity is ranked better than 59.31% of 1283
companies
in the Vehicles & Parts industry
Industry Median: 7.47
vs BKK:UP: 10.09
Union Plastic PCL (BKK:UP) 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.
Union Plastic PCL Return-on-Tangible-Equity Related Terms
Union Plastic PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Union Plastic 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:UP vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Union Plastic 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.
Union Plastic PCL Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Union Plastic PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Union Plastic 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 42.96% mean?
Union Plastic PCL (BKK:UP) has a Return-on-Tangible-Equity of 42.96% 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 Union Plastic PCL and its competitors. This is 704% above median its historical median of 5.34. According to the industry distribution chart, Union Plastic PCL ranks #522 out of 1283 companies in the Vehicles & Parts industry, placing it in the top 40.7%.
Is Union Plastic PCL's Return-on-Tangible-Equity too high?
Union Plastic PCL's current Return-on-Tangible-Equity of 42.96% is 704% above median its 10-year median of 5.34. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.47. Union Plastic PCL's value of 42.96% is 475.1% above this industry median. Based on the distribution chart, Union Plastic PCL ranks #522 out of 1283 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Union Plastic PCL has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Union Plastic PCL's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Union Plastic PCL ranks #522 out of 1283 companies for Return-on-Tangible-Equity. This puts Union Plastic PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.47. Union Plastic PCL's value of 42.96% is 475.1% above this benchmark. While the company's 10-year median is 5.34 vs. the industry median of 7.47, Union Plastic 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. Union Plastic PCL's current Return-on-Tangible-Equity of 42.96% is 475.1% 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 Union Plastic 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. Union Plastic PCL's current Return-on-Tangible-Equity is 42.96%, which is 704% above median its own 10-year median of 5.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Plastic PCL stock overvalued right now?
Based on GuruFocus' analysis, Union Plastic PCL (BKK:UP) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿16.77, compared to a current price of ฿23.60 — trading 40.7% above its estimated fair value. The current Return-on-Tangible-Equity is 42.96%, which is 704% above median its 10-year median of 5.34 and 475.1% above the Vehicles & Parts industry median of 7.47. Union Plastic PCL's overall GF Score™ is 66/100 with 4 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 Union Plastic PCL (BKK:UP), the current Return-on-Tangible-Equity is 42.96% 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 Union Plastic PCL (BKK:UP) Overvalued in 2026?
Based on GuruFocus' analysis, Union Plastic PCL stock appears to be overvalued.
The current stock price of ฿23.60 is trading 40.7% above its estimated GF Value™ of ฿16.77.
GuruFocus considers Union Plastic PCL to be Significantly Overvalued.
Key valuation signals for BKK:UP:
Return-on-Tangible-Equity: 42.96% (704% above median its 10-year median of 5.34)
GF Value™: ฿16.77 vs. price of ฿23.60 (40.7% above fair value)
Industry Position: 475.1% above the Vehicles & Parts median (#522 of 1283)
No single metric tells the full story. See the BKK:UP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Union Plastic PCL is engaged in the manufacturing and distribution of thermoplastics. The company is also involved in the contract manufacture and repair of molds. The reportable segments of company are Manufacture and distribution of thermoplastics and Contract manufacture and repair of molds. The group generates a majority of its revenue from the manufacture and distribution of thermoplastics business.
66GF Score
Get the complete analysis for BKK:UP
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:UP has been successfully added to your 
