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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.
Thai Industrial Fund 1BKK:TIF1 -1.25%79 ROA % is 7.35% as of Dec. 2025, which is 36% above its 10-year median of 5.40. GuruFocus rates BKK:TIF1 with a GF Score™ of 79/100 and a GF Value™ of ฿8.50 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,635 Asset Management companies, Thai Industrial Fund 1 ranks better than 59.08% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Thai Industrial Fund 1's annualizedNet Income for the quarter that ended in Dec. 2025 was ฿72.22 Mil.
Thai Industrial Fund 1's average Total Assets over the quarter that ended in Dec. 2025 was ฿982.29 Mil. Therefore, Thai Industrial Fund 1's annualized ROA % for the quarter that ended in Dec. 2025 was 7.35%.
The historical rank and industry rank for Thai Industrial Fund 1's ROA % or its related term are showing as below:
BKK:TIF1'
s ROA % Range Over the Past 10 Years
Min: 4.8 Med: 5.4 Max: 7.45
Current: 6
During the past 13 years, Thai Industrial Fund 1's highest ROA % was 7.45%. The lowest was 4.80%. And the median was 5.40%.
BKK:TIF1's ROA % is ranked better than 59.08% of 1635
companies
in the Asset Management industry
Industry Median: 4.09
vs BKK:TIF1: 6.00
Thai Industrial Fund 1 (BKK:TIF1) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the Asset Management subindustry, Thai Industrial Fund 1's ROA %, along with its competitors' market caps and ROA % 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.
Thai Industrial Fund 1 ROA % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Thai Industrial Fund 1's ROA % distribution charts can be found below:
* The bar in red indicates where Thai Industrial Fund 1's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Thai Industrial Fund 1 (BKK:TIF1) has a ROA % of 7.35% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Thai Industrial Fund 1 and its competitors. This is 36% above median its historical median of 5.40. Over the past decade, Thai Industrial Fund 1's ROA % has ranged from 4.80 to 7.45. According to the industry distribution chart, Thai Industrial Fund 1 ranks #669 out of 1635 companies in the Asset Management industry, placing it in the top 40.9%.
Is Thai Industrial Fund 1's ROA % too high?
Thai Industrial Fund 1's current ROA % of 7.35% is 36% above median its 10-year median of 5.40. Over the past 10 years, this metric has ranged from a low of 4.80 to a high of 7.45. The Asset Management industry median ROA % is 4.09. Thai Industrial Fund 1's value of 7.35% is 79.7% above this industry median. Based on the distribution chart, Thai Industrial Fund 1 ranks #669 out of 1635 companies in the Asset Management industry, which is above the industry midpoint. Overall, Thai Industrial Fund 1 has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thai Industrial Fund 1's ROA % compare to BLK and BX?
According to the Asset Management industry distribution chart, Thai Industrial Fund 1 ranks #669 out of 1635 companies for ROA %. This puts Thai Industrial Fund 1 in the upper half of its industry. The industry median ROA % is 4.09. Thai Industrial Fund 1's value of 7.35% is 79.7% above this benchmark. Historically, Thai Industrial Fund 1's own ROA % has ranged from 4.80 to 7.45 over the past decade. While the company's 10-year median is 5.40 vs. the industry median of 4.09, Thai Industrial Fund 1 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 ROA % for an Asset Management company?
The median ROA % among Asset Management companies is 4.09, based on 1,635 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thai Industrial Fund 1's current ROA % of 7.35% is 79.7% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Thai Industrial Fund 1 and its competitors. For the Asset Management industry, the median ROA % is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Industrial Fund 1's current ROA % is 7.35%, which is 36% above median its own 10-year median of 5.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Industrial Fund 1 stock overvalued right now?
Based on GuruFocus' analysis, Thai Industrial Fund 1 (BKK:TIF1) is currently considered Fairly Valued. The stock's GF Value™ is ฿8.50, compared to a current price of ฿7.90 — trading 7.1% below its estimated fair value. The current ROA % is 7.35%, which is 36% above median its 10-year median of 5.40 and 79.7% above the Asset Management industry median of 4.09. Thai Industrial Fund 1's overall GF Score™ is 79/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Thai Industrial Fund 1 (BKK:TIF1), the current ROA % is 7.35% as of Dec. 2025. 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 Thai Industrial Fund 1 (BKK:TIF1) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Industrial Fund 1 stock appears to be undervalued.
The current stock price of ฿7.90 is trading 7.1% below its estimated GF Value™ of ฿8.50.
GuruFocus considers Thai Industrial Fund 1 to be Fairly Valued.
Key valuation signals for BKK:TIF1:
ROA %: 7.35% (36% above median its 10-year median of 5.40)
GF Value™: ฿8.50 vs. price of ฿7.90 (7.1% below fair value)
Industry Position: 79.7% above the Asset Management median (#669 of 1635)
No single metric tells the full story. See the BKK:TIF1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Industrial Fund 1 is an asset management company. The objective of the fund is to raise funds from general investors and to use the proceeds from such fundraising for the purchase and/or lease of immovable properties or property lease rights. It invests in land and factory buildings, industrial parks, and industrial promotion zone in Thailand. The one reportable operating segment of the Fund is to provide the rental on property in which the Fund has invested and the single geographical area of its operations is Thailand.
79GF Score
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