PTT Exploration & Production PCL (FRA:NVAL) Return-on-Tangible-Equity: 9.94% (As of Mar. 2026) — 19% Below Median


FRA:NVAL PTT Exploration & Production PCL FRA:NVAL
76 GF Score
Price €3.42
GF Value €3.42
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is PTT Exploration & Production PCL Return-on-Tangible-Equity?

PTT Exploration & Production PCL FRA:NVAL +0.59% 76 Return-on-Tangible-Equity is 9.94% as of Mar. 2026, which is 19% below its 10-year median of 12.34. GuruFocus rates FRA:NVAL with a GF Score™ of 76/100 and a GF Value™ of €3.42 (Fairly Valued). The stock has 2 warning signs investors should review. Among 944 Oil & Gas companies, PTT Exploration & Production PCL ranks better than 63.45% 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. PTT Exploration & Production PCL's annualized net income for the quarter that ended in Mar. 2026 was €1,269 Mil. PTT Exploration & Production PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €12,764 Mil. Therefore, PTT Exploration & Production PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.94%.

The historical rank and industry rank for PTT Exploration & Production PCL's Return-on-Tangible-Equity or its related term are showing as below:

FRA:NVAL' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.49   Med: 12.34   Max: 18.62
Current: 11.75

During the past 13 years, PTT Exploration & Production PCL's highest Return-on-Tangible-Equity was 18.62%. The lowest was 3.49%. And the median was 12.34%.

FRA:NVAL's Return-on-Tangible-Equity is ranked better than
63.45% of 944 companies
in the Oil & Gas industry
Industry Median: 6.73 vs FRA:NVAL: 11.75

PTT Exploration & Production PCL  (FRA:NVAL) 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.


PTT Exploration & Production PCL Return-on-Tangible-Equity Related Terms


PTT Exploration & Production PCL Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for PTT Exploration & Production 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.

PTT Exploration & Production PCL Return-on-Tangible-Equity Chart

PTT Exploration & Production PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.84 18.87 17.59 17.43 12.44

PTT Exploration & Production PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.61 11.20 10.85 15.13 9.94

FRA:NVAL vs COP, EOG, FANG: Return-on-Tangible-Equity Comparison

For the Oil & Gas E&P subindustry, PTT Exploration & Production 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.


PTT Exploration & Production PCL Return-on-Tangible-Equity vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PTT Exploration & Production PCL's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where PTT Exploration & Production PCL's Return-on-Tangible-Equity falls into.


FRA:NVAL
76GF Score
PTT Exploration & Production PCL FRA:NVAL
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PTT Exploration & Production PCL Return-on-Tangible-Equity Calculation

PTT Exploration & Production PCL's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=1630.191/( (13539.854+12673.874 )/ 2 )
=1630.191/13106.864
=12.44 %

PTT Exploration & Production PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=1269.268/( (12673.874+12854.778)/ 2 )
=1269.268/12764.326
=9.94 %

* 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 9.94% mean?
PTT Exploration & Production PCL (FRA:NVAL) has a Return-on-Tangible-Equity of 9.94% 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 PTT Exploration & Production PCL and its competitors. This is 19% below median its historical median of 12.34. Over the past decade, PTT Exploration & Production PCL's Return-on-Tangible-Equity has ranged from 3.49 to 18.62. According to the industry distribution chart, PTT Exploration & Production PCL ranks #345 out of 944 companies in the Oil & Gas industry, placing it in the top 36.5%.
Is PTT Exploration & Production PCL's Return-on-Tangible-Equity too high?
PTT Exploration & Production PCL's current Return-on-Tangible-Equity of 9.94% is 19% below median its 10-year median of 12.34. Over the past 10 years, this metric has ranged from a low of 3.49 to a high of 18.62. The Oil & Gas industry median Return-on-Tangible-Equity is 6.73. PTT Exploration & Production PCL's value of 9.94% is 47.7% above this industry median. Based on the distribution chart, PTT Exploration & Production PCL ranks #345 out of 944 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, PTT Exploration & Production PCL has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PTT Exploration & Production PCL's Return-on-Tangible-Equity compare to COP and EOG?
According to the Oil & Gas industry distribution chart, PTT Exploration & Production PCL ranks #345 out of 944 companies for Return-on-Tangible-Equity. This puts PTT Exploration & Production PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.73. PTT Exploration & Production PCL's value of 9.94% is 47.7% above this benchmark. Historically, PTT Exploration & Production PCL's own Return-on-Tangible-Equity has ranged from 3.49 to 18.62 over the past decade. While the company's 10-year median is 12.34 vs. the industry median of 6.73, PTT Exploration & Production 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 Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.73, based on 944 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. PTT Exploration & Production PCL's current Return-on-Tangible-Equity of 9.94% is 47.7% 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 PTT Exploration & Production PCL and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PTT Exploration & Production PCL's current Return-on-Tangible-Equity is 9.94%, which is 19% below median its own 10-year median of 12.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PTT Exploration & Production PCL stock overvalued right now?
Based on GuruFocus' analysis, PTT Exploration & Production PCL (FRA:NVAL) is currently considered Fairly Valued. The stock's GF Value™ is €3.42, compared to a current price of €3.42 — trading right at its estimated fair value. The current Return-on-Tangible-Equity is 9.94%, which is 19% below median its 10-year median of 12.34 and 47.7% above the Oil & Gas industry median of 6.73. PTT Exploration & Production PCL's overall GF Score™ is 76/100 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 PTT Exploration & Production PCL (FRA:NVAL), the current Return-on-Tangible-Equity is 9.94% 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 PTT Exploration & Production PCL (FRA:NVAL) Overvalued in 2026?

Based on GuruFocus' analysis, PTT Exploration & Production PCL stock appears to be undervalued. The current stock price of €3.42 is trading 0% below its estimated GF Value™ of €3.42. GuruFocus considers PTT Exploration & Production PCL to be Fairly Valued.

Key valuation signals for FRA:NVAL:

  • Return-on-Tangible-Equity: 9.94% (19% below median its 10-year median of 12.34)
  • GF Value™: €3.42 vs. price of €3.42 (0% below fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 47.7% above the Oil & Gas median (#345 of 944)

No single metric tells the full story. See the FRA:NVAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PTT Exploration & Production PCL Business Description

Industry EnergyOil & Gas
Address Vibhavadi-Rangsit Road, 555/1 Energy Complex Building A, 19th-36th Floor, Chatuchak, Bangkok, THA, 10900
PTT Exploration & Production PCL is engaged in the exploration and production of petroleum in Thailand and overseas, and related businesses. Its segments include Exploration and production, which operates in oil and gas exploration and production both domestically and overseas, including overseas gas transportation pipeline, either as an operator or as a joint venture partner with international oil and gas companies. Its domestic projects are located in the Gulf of Thailand. Overseas projects are located in Southeast Asia, the Middle East, Africa, and other regions. Other businesses and corporate consist of investments in other businesses, such as new businesses for energy transition, related businesses, and corporate.
76GF Score

Get the complete analysis for FRA:NVAL

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€3.42
Price
€3.42
GF Value