TQM Alpha PCL (BKK:TQM) Enterprise Value: ฿10,008 Mil (As of Jul. 23, 2026) ***

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BKK:TQM TQM Alpha PCL BKK:TQM
90 GF Score
Price ฿16.60
GF Value ฿24.36
Valuation Significantly Undervalued
! 11 Warning Signs
View Full Analysis

What is TQM Alpha PCL Enterprise Value?

TQM Alpha PCL BKK:TQM -1.78% 90 Enterprise Value is ฿10,008 Mil as of Jul. 23, 2026. GuruFocus rates BKK:TQM with a GF Score™ of 90/100 and a GF Value™ of ฿24.36 (Significantly Undervalued). The stock has 11 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, TQM Alpha PCL's Enterprise Value is ฿10,008 Mil. TQM Alpha PCL's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ฿976 Mil. Therefore, TQM Alpha PCL's EV-to-EBIT ratio for today is 10.25.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, TQM Alpha PCL's Enterprise Value is ฿10,008 Mil. TQM Alpha PCL's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ฿1,192 Mil. Therefore, TQM Alpha PCL's EV-to-EBITDA ratio for today is 8.40.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, TQM Alpha PCL's Enterprise Value is ฿10,008 Mil. TQM Alpha PCL's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was ฿3,790 Mil. Therefore, TQM Alpha PCL's EV-to-Revenue ratio for today is 2.64.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, TQM Alpha PCL's Enterprise Value is ฿10,008 Mil. TQM Alpha PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was ฿727 Mil. Therefore, TQM Alpha PCL's EV-to-OCF ratio for today is 13.76.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, TQM Alpha PCL's Enterprise Value is ฿10,008 Mil. TQM Alpha PCL's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ฿683 Mil. Therefore, TQM Alpha PCL's EV-to-FCF ratio for today is 14.65.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


TQM Alpha PCL  (BKK:TQM) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

TQM Alpha PCL's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=10007.782/976.275
=10.25

TQM Alpha PCL's current Enterprise Value is ฿10,008 Mil.
TQM Alpha PCL's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿976 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

TQM Alpha PCL's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=10007.782/1191.727
=8.40

TQM Alpha PCL's current Enterprise Value is ฿10,008 Mil.
TQM Alpha PCL's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿1,192 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

TQM Alpha PCL's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=10007.782/3790.218
=2.64

TQM Alpha PCL's current Enterprise Value is ฿10,008 Mil.
TQM Alpha PCL's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿3,790 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

TQM Alpha PCL's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=10007.782/727.39
=13.76

TQM Alpha PCL's current Enterprise Value is ฿10,008 Mil.
TQM Alpha PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿727 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

TQM Alpha PCL's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=10007.782/682.933
=14.65

TQM Alpha PCL's current Enterprise Value is ฿10,008 Mil.
TQM Alpha PCL's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿683 Mil.

* 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.


TQM Alpha PCL Enterprise Value Related Terms


TQM Alpha PCL Enterprise Value Historical Data

* Premium members only.

The historical data trend for TQM Alpha PCL's Enterprise Value 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.

TQM Alpha PCL Enterprise Value Chart

TQM Alpha PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28,686.21 23,678.71 17,774.33 15,816.02 7,507.22

TQM Alpha PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value 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 9,242.80 9,186.27 8,569.97 7,507.22 7,636.25

BKK:TQM vs MRSH, AON, AJG: Enterprise Value Comparison

For the Insurance Brokers subindustry, TQM Alpha PCL's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.


TQM Alpha PCL Enterprise Value vs Insurance Industry

For the Insurance industry and Financial Services sector, TQM Alpha PCL's Enterprise Value distribution charts can be found below:

* The bar in red indicates where TQM Alpha PCL's Enterprise Value falls into.


BKK:TQM
90GF Score
TQM Alpha PCL BKK:TQM
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TQM Alpha PCL Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

TQM Alpha PCL's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

TQM Alpha PCL's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of ฿10,008 Mil mean?
TQM Alpha PCL (BKK:TQM) has a Enterprise Value of ฿10,008 Mil as of Jul. 23, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on TQM Alpha PCL and its competitors.
Is TQM Alpha PCL's Enterprise Value too high?
TQM Alpha PCL's current Enterprise Value is ฿10,008 Mil. Overall, TQM Alpha PCL has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TQM Alpha PCL's Enterprise Value compare to MRSH and AON?
TQM Alpha PCL's Enterprise Value of ฿10,008 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Insurance company?
A good Enterprise Value depends on the Insurance industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on TQM Alpha PCL and its competitors. TQM Alpha PCL's current Enterprise Value is ฿10,008 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TQM Alpha PCL stock overvalued right now?
Based on GuruFocus' analysis, TQM Alpha PCL (BKK:TQM) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿24.36, compared to a current price of ฿16.60 — trading 31.9% below its estimated fair value. The current Enterprise Value is ฿10,008 Mil. TQM Alpha PCL's overall GF Score™ is 90/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For TQM Alpha PCL (BKK:TQM), the current Enterprise Value is ฿10,008 Mil as of Jul. 23, 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 TQM Alpha PCL (BKK:TQM) Overvalued in 2026?

Based on GuruFocus' analysis, TQM Alpha PCL stock appears to be undervalued. The current stock price of ฿16.60 is trading 31.9% below its estimated GF Value™ of ฿24.36. GuruFocus considers TQM Alpha PCL to be Significantly Undervalued.

Key valuation signals for BKK:TQM:

  • Enterprise Value: ฿10,008 Mil
  • GF Value™: ฿24.36 vs. price of ฿16.60 (31.9% below fair value)
  • GF Score™: 90/100 with 11 warning signs

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


TQM Alpha PCL Business Description

Address No. 123, Ladplakao Road, Chorakhe Bua, Lat Phrao District, Bangkok, THA, 10230
TQM Alpha PCL is engaged in investment in companies that are focused on non-life insurance brokers, life insurance brokers, reinsurance brokers, personal loans, and the provision of services as a manager, caregiver, collect benefits, and property management for related parties. It also provides procurement and consulting services for computer software and hardware.
90GF Score

Get the complete analysis for BKK:TQM

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

฿16.60
Price
฿24.36
GF Value