Thoresen Thai Agencies PCLTHAFF 84 Return-on-Tangible-Equity is 3.32% as of Mar. 2026, which is 18% below its 10-year median of 4.04. GuruFocus rates THAFF with a GF Score™ of 84/100 and a GF Value™ of $0.23. The stock has 5 warning signs investors should review. Among 549 Conglomerates companies, Thoresen Thai Agencies PCL ranks worse than 65.03% 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. Thoresen Thai Agencies PCL's annualized net income for the quarter that ended in Mar. 2026 was $24.9 Mil. Thoresen Thai Agencies PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $750.4 Mil. Therefore, Thoresen Thai Agencies PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.32%.
The historical rank and industry rank for Thoresen Thai Agencies PCL's Return-on-Tangible-Equity or its related term are showing as below:
THAFF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -11.52 Med: 4.04 Max: 20.92
Current: 3.75
During the past 13 years, Thoresen Thai Agencies PCL's highest Return-on-Tangible-Equity was 20.92%. The lowest was -11.52%. And the median was 4.04%.
THAFF's Return-on-Tangible-Equity is ranked worse than 65.03% of 549
companies
in the Conglomerates industry
Industry Median: 7.44
vs THAFF: 3.75
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.
Thoresen Thai Agencies PCL Return-on-Tangible-Equity Related Terms
Thoresen Thai Agencies PCL Return-on-Tangible-Equity Historical Data
* 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.
THAFF vs HON, MMM: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, Thoresen Thai Agencies 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.
Thoresen Thai Agencies PCL Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Thoresen Thai Agencies PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Thoresen Thai Agencies 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 3.32% mean?
Thoresen Thai Agencies PCL (THAFF) has a Return-on-Tangible-Equity of 3.32% 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 Thoresen Thai Agencies PCL and its competitors. This is 18% below median its historical median of 4.04. According to the industry distribution chart, Thoresen Thai Agencies PCL ranks #357 out of 549 companies in the Conglomerates industry, placing it in the top 65%.
Is Thoresen Thai Agencies PCL's Return-on-Tangible-Equity too high?
Thoresen Thai Agencies PCL's current Return-on-Tangible-Equity of 3.32% is 18% below median its 10-year median of 4.04. The Conglomerates industry median Return-on-Tangible-Equity is 7.44. Thoresen Thai Agencies PCL's value of 3.32% is 55.4% below this industry median. Based on the distribution chart, Thoresen Thai Agencies PCL ranks #357 out of 549 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Thoresen Thai Agencies PCL has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Thoresen Thai Agencies PCL's Return-on-Tangible-Equity compare to HON and MMM?
According to the Conglomerates industry distribution chart, Thoresen Thai Agencies PCL ranks #357 out of 549 companies for Return-on-Tangible-Equity. This places Thoresen Thai Agencies PCL in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.44. Thoresen Thai Agencies PCL's value of 3.32% is 55.4% below this benchmark. While the company's 10-year median is 4.04 vs. the industry median of 7.44, Thoresen Thai Agencies 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 Conglomerates company?
The median Return-on-Tangible-Equity among Conglomerates companies is 7.44, based on 549 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. Thoresen Thai Agencies PCL's current Return-on-Tangible-Equity of 3.32% is 55.4% 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 Thoresen Thai Agencies PCL and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Equity is 7.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thoresen Thai Agencies PCL's current Return-on-Tangible-Equity is 3.32%, which is 18% below median its own 10-year median of 4.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thoresen Thai Agencies PCL stock overvalued right now?
Thoresen Thai Agencies PCL (THAFF) has a current Return-on-Tangible-Equity of 3.32%. The stock's GF Value™ is $0.23, compared to a current price of $0.20 — trading 13% below its estimated fair value. The current Return-on-Tangible-Equity is 3.32%, which is 18% below median its 10-year median of 4.04 and 55.4% below the Conglomerates industry median of 7.44. Thoresen Thai Agencies PCL's overall GF Score™ is 84/100 with 5 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 Thoresen Thai Agencies PCL (THAFF), the current Return-on-Tangible-Equity is 3.32% 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 Thoresen Thai Agencies PCL (THAFF) Overvalued in 2026?
Based on GuruFocus' analysis, Thoresen Thai Agencies PCL stock appears to be undervalued.
The current stock price of $0.20 is trading 13% below its estimated GF Value™ of $0.23.
Key valuation signals for THAFF:
Return-on-Tangible-Equity: 3.32% (18% below median its 10-year median of 4.04)
GF Value™: $0.23 vs. price of $0.20 (13% below fair value)
Industry Position: 55.4% below the Conglomerates median (#357 of 549)
No single metric tells the full story. See the THAFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thoresen Thai Agencies PCL is an investment holding company. The company operates in five main segments: shipping, offshore service, agrochemical, food and beverage, and investment. Its activities include ownership of dry bulk vessels, certain shipping services, offshore services related to oil and gas, production and sales of fertilizers, coal trading, warehouse, and logistics services, and food and beverage. The maximum revenue is derived from the Offshore Service segment.
84GF Score
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