Banpu Power PCLBKK:BPP-R 84 Equity-to-Asset is 0.68 as of Mar. 2026, which is 11% below its 10-year median of 0.76. GuruFocus rates BKK:BPP-R with a GF Score™ of 84/100 and a GF Value™ of ฿10.21. The stock has 6 warning signs investors should review. Among 449 Utilities - Independent Power Producers companies, Banpu Power PCL ranks better than 79.06% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Banpu Power PCL's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ฿56,201 Mil. Banpu Power PCL's Total Assets for the quarter that ended in Mar. 2026 was ฿82,814 Mil.
Therefore, Banpu Power PCL's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.68.
The historical rank and industry rank for Banpu Power PCL's Equity-to-Asset or its related term are showing as below:
BKK:BPP-R'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.5 Med: 0.76 Max: 0.87
Current: 0.68
During the past 13 years, the highest Equity to Asset Ratio of Banpu Power PCL was 0.87. The lowest was 0.50. And the median was 0.76.
BKK:BPP-R's Equity-to-Asset is ranked better than 79.06% of 449
companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.42
vs BKK:BPP-R: 0.68
Banpu Power PCL (BKK:BPP-R) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Banpu Power PCL Equity-to-Asset Related Terms
Banpu Power PCL Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Banpu Power PCL's Equity-to-Asset 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.
BKK:BPP-R vs CEG, VST, NRG: Equity-to-Asset Comparison
For the Utilities - Independent Power Producers subindustry, Banpu Power PCL's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Banpu Power PCL Equity-to-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Banpu Power PCL's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Banpu Power PCL's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Banpu Power PCL's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 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.
Banpu Power PCL (BKK:BPP-R) has a Equity-to-Asset of 0.68 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Banpu Power PCL and its competitors. This is 11% below median its historical median of 0.76. Over the past decade, Banpu Power PCL's Equity-to-Asset has ranged from 0.50 to 0.87. According to the industry distribution chart, Banpu Power PCL ranks #94 out of 449 companies in the Utilities - Independent Power Producers industry, placing it in the top 20.9%.
Is Banpu Power PCL's Equity-to-Asset too high?
Banpu Power PCL's current Equity-to-Asset of 0.68 is 11% below median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 0.87. The Utilities - Independent Power Producers industry median Equity-to-Asset is 0.42. Banpu Power PCL's value of 0.68 is 61.9% above this industry median. Based on the distribution chart, Banpu Power PCL ranks #94 out of 449 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Banpu Power PCL has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Banpu Power PCL's Equity-to-Asset compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Banpu Power PCL ranks #94 out of 449 companies for Equity-to-Asset. This places Banpu Power PCL in the top 21% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.42. Banpu Power PCL's value of 0.68 is 61.9% above this benchmark. Historically, Banpu Power PCL's own Equity-to-Asset has ranged from 0.50 to 0.87 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 0.42, Banpu Power 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 Equity-to-Asset for an Utilities - Independent Power Producers company?
The median Equity-to-Asset among Utilities - Independent Power Producers companies is 0.42, based on 449 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Banpu Power PCL's current Equity-to-Asset of 0.68 is 61.9% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Banpu Power PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Equity-to-Asset is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banpu Power PCL's current Equity-to-Asset is 0.68, which is 11% below median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banpu Power PCL stock overvalued right now?
Banpu Power PCL (BKK:BPP-R) has a current Equity-to-Asset of 0.68. The stock's GF Value™ is ฿10.21, compared to a current price of ฿10.10 — trading 1.1% below its estimated fair value. The current Equity-to-Asset is 0.68, which is 11% below median its 10-year median of 0.76 and 61.9% above the Utilities - Independent Power Producers industry median of 0.42. Banpu Power PCL's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Banpu Power PCL (BKK:BPP-R), the current Equity-to-Asset is 0.68 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 Banpu Power PCL (BKK:BPP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Banpu Power PCL stock appears to be undervalued.
The current stock price of ฿10.10 is trading 1.1% below its estimated GF Value™ of ฿10.21.
Key valuation signals for BKK:BPP-R:
Equity-to-Asset: 0.68 (11% below median its 10-year median of 0.76)
GF Value™: ฿10.21 vs. price of ฿10.10 (1.1% below fair value)
Industry Position: 61.9% above the Utilities - Independent Power Producers median (#94 of 449)
No single metric tells the full story. See the BKK:BPP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banpu Power PCL is engaged in investments in power businesses in Thailand and overseas. The business activities of the group include the generation and sale of electricity and other related business. The company's business segments include Power+: Power generation from thermal and renewable energy sources, both domestically and internationally. Second segment being Future Tech: Battery energy storage systems, solar rooftop and floating solar systems, battery production, energy trading, e-mobility, and energy efficiency businesses. Geographically, the company has its presence in the United States which is the key revenue driver, China, and other regions.
84GF Score
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