The historical rank and industry rank for Thai Airways International PCL's Equity-to-Asset or its related term are showing as below:
BKK:THAI-R'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.69 Med: 0.05 Max: 0.27
Current: 0.27
During the past 13 years, the highest Equity to Asset Ratio of Thai Airways International PCL was 0.27. The lowest was -0.69. And the median was 0.05.
BKK:THAI-R's Equity-to-Asset is ranked worse than 81.43% of 1007
companies
in the Transportation industry
Industry Median: 0.5
vs BKK:THAI-R: 0.27
Thai Airways International PCL (BKK:THAI-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%.
Thai Airways International PCL Equity-to-Asset Related Terms
Thai Airways International PCL Equity-to-Asset 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.
Thai Airways International PCL Equity-to-Asset Chart
BKK:THAI-R vs DAL, UAL, LUV: Equity-to-Asset Comparison
For the Airlines subindustry, Thai Airways International 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.
Thai Airways International PCL Equity-to-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Thai Airways International PCL's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Thai Airways International PCL's Equity-to-Asset falls into.
Thai Airways International PCL Equity-to-Asset Calculation
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.
* 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.
Thai Airways International PCL (BKK:THAI-R) has a Equity-to-Asset of 0.27 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Thai Airways International PCL and its competitors. This is 440% above median its historical median of 0.05. According to the industry distribution chart, Thai Airways International PCL ranks #820 out of 1007 companies in the Transportation industry, placing it in the top 81.4%.
Is Thai Airways International PCL's Equity-to-Asset too high?
Thai Airways International PCL's current Equity-to-Asset of 0.27 is 440% above median its 10-year median of 0.05. The Transportation industry median Equity-to-Asset is 0.50. Thai Airways International PCL's value of 0.27 is 46% below this industry median. Based on the distribution chart, Thai Airways International PCL ranks #820 out of 1007 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Thai Airways International PCL has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Thai Airways International PCL's Equity-to-Asset compare to DAL and UAL?
According to the Transportation industry distribution chart, Thai Airways International PCL ranks #820 out of 1007 companies for Equity-to-Asset. This places Thai Airways International PCL in the lower half of its industry. The industry median Equity-to-Asset is 0.50. Thai Airways International PCL's value of 0.27 is 46% below this benchmark. While the company's 10-year median is 0.05 vs. the industry median of 0.50, Thai Airways International 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 Equity-to-Asset for a Transportation company?
The median Equity-to-Asset among Transportation companies is 0.50, based on 1,007 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. Thai Airways International PCL's current Equity-to-Asset of 0.27 is 46% 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 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 Thai Airways International PCL and its competitors. For the Transportation industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Airways International PCL's current Equity-to-Asset is 0.27, which is 440% above median its own 10-year median of 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Airways International PCL stock overvalued right now?
Thai Airways International PCL (BKK:THAI-R) has a current Equity-to-Asset of 0.27. The stock's GF Value™ is ฿0.34, compared to a current price of ฿6.00 — trading 1664.7% above its estimated fair value. The current Equity-to-Asset is 0.27, which is 440% above median its 10-year median of 0.05 and 46% below the Transportation industry median of 0.50. Thai Airways International PCL's overall GF Score™ is 37/100 with 4 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 Thai Airways International PCL (BKK:THAI-R), the current Equity-to-Asset is 0.27 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 Thai Airways International PCL (BKK:THAI-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Airways International PCL stock appears to be overvalued.
The current stock price of ฿6.00 is trading 1664.7% above its estimated GF Value™ of ฿0.34.
Key valuation signals for BKK:THAI-R:
Equity-to-Asset: 0.27 (440% above median its 10-year median of 0.05)
GF Value™: ฿0.34 vs. price of ฿6.00 (1664.7% above fair value)
Industry Position: 46% below the Transportation median (#820 of 1007)
No single metric tells the full story. See the BKK:THAI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Airways International PCL Business Description
Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company segments are Air Transport, Business Units, and Others. The air transport business focuses on the transportation of passengers, cargo, and mail, and utilizes scheduled and chartered flights to domestic and international destinations. The business units segment ensures all flights reach their destination on time and at the correct location, and offers support with cargo terminal handling, group equipment services, and catering services. The other segments include the sale of duty-free goods, the sale of souvenir products from the maintenance division, and the operation of subsidiaries. The majority of revenue originates from Asia from Air Transport.
37GF Score
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