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.
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. Internet Thailand PCL's annualized net income for the quarter that ended in Mar. 2026 was €8.83 Mil. Internet Thailand PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €-124.22 Mil. Therefore, Internet Thailand PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Internet Thailand PCL's Return-on-Tangible-Equity or its related term are showing as below:
FRA:IE2A'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.48 Med: 11.64 Max: 25.32
Current: Negative Tangible Equity
During the past 13 years, Internet Thailand PCL's highest Return-on-Tangible-Equity was 25.32%. The lowest was 8.48%. And the median was 11.64%.
FRA:IE2A's Return-on-Tangible-Equity is ranked better than 99.92% of 2485
companies
in the Software industry
Industry Median: 8.99
vs FRA:IE2A: Negative Tangible Equity
Internet Thailand PCL (FRA:IE2A) 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.
Internet Thailand PCL Return-on-Tangible-Equity Related Terms
Internet Thailand PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Internet Thailand 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.
Internet Thailand PCL Return-on-Tangible-Equity Chart
FRA:IE2A vs IBM, ACN, FISV: Return-on-Tangible-Equity Comparison
For the Information Technology Services subindustry, Internet Thailand 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.
Internet Thailand PCL Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Internet Thailand PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Internet Thailand 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 Negative Tangible Equity% mean?
Internet Thailand PCL (FRA:IE2A) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Internet Thailand PCL and its competitors. Over the past decade, Internet Thailand PCL's Return-on-Tangible-Equity has ranged from 8.48 to 25.32. According to the industry distribution chart, Internet Thailand PCL ranks #2 out of 2485 companies in the Software industry, placing it in the top 0.099999999999994%.
Is Internet Thailand PCL's Return-on-Tangible-Equity too high?
Internet Thailand PCL's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 8.48 to a high of 25.32. Based on the distribution chart, Internet Thailand PCL ranks #2 out of 2485 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Internet Thailand PCL has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Internet Thailand PCL's Return-on-Tangible-Equity compare to IBM and ACN?
According to the Software industry distribution chart, Internet Thailand PCL ranks #2 out of 2485 companies for Return-on-Tangible-Equity. This places Internet Thailand PCL in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.99. Historically, Internet Thailand PCL's own Return-on-Tangible-Equity has ranged from 8.48 to 25.32 over the past decade. 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.99, based on 2,485 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. 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 Internet Thailand PCL and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Internet Thailand PCL's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Internet Thailand PCL stock overvalued right now?
Internet Thailand PCL (FRA:IE2A) has a current Return-on-Tangible-Equity of Negative Tangible Equity%. The stock's GF Value™ is €0.13, compared to a current price of €0.10 — trading 24.2% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Internet Thailand PCL's overall GF Score™ is 88/100 with 7 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 Internet Thailand PCL (FRA:IE2A), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Internet Thailand PCL (FRA:IE2A) Overvalued in 2026?
Based on GuruFocus' analysis, Internet Thailand PCL stock appears to be undervalued.
The current stock price of €0.10 is trading 24.2% below its estimated GF Value™ of €0.13.
No single metric tells the full story. See the FRA:IE2A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Internet Thailand PCL is involved in IT business sector. The company's business is distinguished into groups, which are full Internet access business, data center, business solutions, cloud services, EDC network pool services, and software services. The Internet access business provides full Internet services for home access and business access along with a one-stop service. Its data center provides an Internet data center, which is an information center composed of a security center, disaster recovery center, Web hosting, dedicated server, and co-location. It operates in two business segments which are the Provision of internet access services (Access business); and Integrated services in relation to information and communication technologies (Business solutions).
88GF Score
Get the complete analysis for FRA:IE2A
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
FRA:IE2A has been successfully added to your 
