Union Pioneer PCLBKK:UPF 60 Return-on-Tangible-Equity is 3.45% as of Mar. 2026, which is 36% below its 10-year median of 5.39. GuruFocus rates BKK:UPF with a GF Score™ of 60/100 and a GF Value™ of ฿29.50 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,013 Manufacturing - Apparel & Accessories companies, Union Pioneer PCL ranks worse than 77.69% 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 Pioneer PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿11.2 Mil. Union Pioneer PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿323.1 Mil. Therefore, Union Pioneer PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.45%.
The historical rank and industry rank for Union Pioneer PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:UPF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.53 Med: 5.39 Max: 17.84
Current: -2.54
During the past 13 years, Union Pioneer PCL's highest Return-on-Tangible-Equity was 17.84%. The lowest was -4.53%. And the median was 5.39%.
BKK:UPF's Return-on-Tangible-Equity is ranked worse than 77.69% of 1013
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43
vs BKK:UPF: -2.54
Union Pioneer PCL (BKK:UPF) 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 Pioneer PCL Return-on-Tangible-Equity Related Terms
Union Pioneer PCL Return-on-Tangible-Equity Historical Data
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The historical data trend for Union Pioneer 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:UPF vs AIN: Return-on-Tangible-Equity Comparison
For the Textile Manufacturing subindustry, Union Pioneer 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 Pioneer PCL Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Union Pioneer PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Union Pioneer 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 3.45% mean?
Union Pioneer PCL (BKK:UPF) has a Return-on-Tangible-Equity of 3.45% 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 Pioneer PCL and its competitors. This is 36% below median its historical median of 5.39. According to the industry distribution chart, Union Pioneer PCL ranks #787 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 77.7%.
Is Union Pioneer PCL's Return-on-Tangible-Equity too high?
Union Pioneer PCL's current Return-on-Tangible-Equity of 3.45% is 36% below median its 10-year median of 5.39. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.43. Union Pioneer PCL's value of 3.45% is 22.1% below this industry median. Based on the distribution chart, Union Pioneer PCL ranks #787 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Union Pioneer PCL has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Union Pioneer PCL's Return-on-Tangible-Equity compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Union Pioneer PCL ranks #787 out of 1013 companies for Return-on-Tangible-Equity. This places Union Pioneer PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.43. Union Pioneer PCL's value of 3.45% is 22.1% below this benchmark. While the company's 10-year median is 5.39 vs. the industry median of 4.43, Union Pioneer 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 a Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,013 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 Pioneer PCL's current Return-on-Tangible-Equity of 3.45% is 22.1% 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 Union Pioneer PCL and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Pioneer PCL's current Return-on-Tangible-Equity is 3.45%, which is 36% below median its own 10-year median of 5.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Pioneer PCL stock overvalued right now?
Based on GuruFocus' analysis, Union Pioneer PCL (BKK:UPF) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿29.50, compared to a current price of ฿21.50 — trading 27.1% below its estimated fair value. The current Return-on-Tangible-Equity is 3.45%, which is 36% below median its 10-year median of 5.39 and 22.1% below the Manufacturing - Apparel & Accessories industry median of 4.43. Union Pioneer PCL's overall GF Score™ is 60/100 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 Pioneer PCL (BKK:UPF), the current Return-on-Tangible-Equity is 3.45% 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 Pioneer PCL (BKK:UPF) Overvalued in 2026?
Based on GuruFocus' analysis, Union Pioneer PCL stock appears to be undervalued.
The current stock price of ฿21.50 is trading 27.1% below its estimated GF Value™ of ฿29.50.
GuruFocus considers Union Pioneer PCL to be Modestly Undervalued.
Key valuation signals for BKK:UPF:
Return-on-Tangible-Equity: 3.45% (36% below median its 10-year median of 5.39)
GF Value™: ฿29.50 vs. price of ฿21.50 (27.1% below fair value)
Industry Position: 22.1% below the Manufacturing - Apparel & Accessories median (#787 of 1013)
No single metric tells the full story. See the BKK:UPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Union Pioneer PCL is principally engaged in the manufacture and distribution of finished elastic products. It offers products such as Rubber thread and tape, Elastic braid, Elastic webbing and crochet, and covering yarn, among other products. The majority of the company's products are the raw materials for other products, such as the baby-adult diaper industry, garment industry, or other uses, depending on the nature of the business of the customers. Geographically, the company derives revenue from Thailand, the United States, and other countries.
60GF Score
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