The Steel PCLBKK:THE-R 36 Equity-to-Asset is 0.55 as of Mar. 2026, which is 45% above its 10-year median of 0.38. GuruFocus rates BKK:THE-R with a GF Score™ of 36/100 and a GF Value™ of ฿0.82. The stock has 8 warning signs investors should review. Among 635 Steel companies, The Steel PCL ranks better than 51.34% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. The Steel PCL's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ฿1,923 Mil. The Steel PCL's Total Assets for the quarter that ended in Mar. 2026 was ฿3,486 Mil.
Therefore, The Steel PCL's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.55.
The historical rank and industry rank for The Steel PCL's Equity-to-Asset or its related term are showing as below:
BKK:THE-R'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.27 Med: 0.38 Max: 0.56
Current: 0.55
During the past 13 years, the highest Equity to Asset Ratio of The Steel PCL was 0.56. The lowest was 0.27. And the median was 0.38.
BKK:THE-R's Equity-to-Asset is ranked better than 51.34% of 635
companies
in the Steel industry
Industry Median: 0.55
vs BKK:THE-R: 0.55
The Steel PCL (BKK:THE-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%.
The Steel PCL Equity-to-Asset Related Terms
The Steel PCL Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for The Steel 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:THE-R vs NUE, STLD, RS: Equity-to-Asset Comparison
For the Steel subindustry, The Steel 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.
The Steel PCL Equity-to-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, The Steel PCL's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where The Steel 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.
The Steel 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.
The Steel PCL (BKK:THE-R) has a Equity-to-Asset of 0.55 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on The Steel PCL and its competitors. This is 45% above median its historical median of 0.38. Over the past decade, The Steel PCL's Equity-to-Asset has ranged from 0.27 to 0.56. According to the industry distribution chart, The Steel PCL ranks #309 out of 635 companies in the Steel industry, placing it in the top 48.7%.
Is The Steel PCL's Equity-to-Asset too high?
The Steel PCL's current Equity-to-Asset of 0.55 is 45% above median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 0.56. The Steel industry median Equity-to-Asset is 0.55. The Steel PCL's value of 0.55 is 0% at this industry median. Based on the distribution chart, The Steel PCL ranks #309 out of 635 companies in the Steel industry, which is above the industry midpoint. Overall, The Steel PCL has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does The Steel PCL's Equity-to-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, The Steel PCL ranks #309 out of 635 companies for Equity-to-Asset. This puts The Steel PCL in the upper half of its industry. The industry median Equity-to-Asset is 0.55. The Steel PCL's value of 0.55 is 0% at this benchmark. Historically, The Steel PCL's own Equity-to-Asset has ranged from 0.27 to 0.56 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 0.55, The Steel PCL has consistently been at 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 Steel company?
The median Equity-to-Asset among Steel companies is 0.55, based on 635 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. The Steel PCL's current Equity-to-Asset of 0.55 is 0% at 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 The Steel PCL and its competitors. For the Steel industry, the median Equity-to-Asset is 0.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Steel PCL's current Equity-to-Asset is 0.55, which is 45% above median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Steel PCL stock overvalued right now?
The Steel PCL (BKK:THE-R) has a current Equity-to-Asset of 0.55. The stock's GF Value™ is ฿0.82, compared to a current price of ฿0.83 — trading 1.6% above its estimated fair value. The current Equity-to-Asset is 0.55, which is 45% above median its 10-year median of 0.38 and 0% at the Steel industry median of 0.55. The Steel PCL's overall GF Score™ is 36/100 with 8 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 The Steel PCL (BKK:THE-R), the current Equity-to-Asset is 0.55 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 The Steel PCL (BKK:THE-R) Overvalued in 2026?
Based on GuruFocus' analysis, The Steel PCL stock appears to be overvalued.
The current stock price of ฿0.83 is trading 1.6% above its estimated GF Value™ of ฿0.82.
Key valuation signals for BKK:THE-R:
Equity-to-Asset: 0.55 (45% above median its 10-year median of 0.38)
GF Value™: ฿0.82 vs. price of ฿0.83 (1.6% above fair value)
Industry Position: 0% at the Steel median (#309 of 635)
No single metric tells the full story. See the BKK:THE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Steel PCL is principally engaged in the selling and transforming hot rolled steel sheets and coils and other structural steels and logistic services of steel. Its product portfolio includes hot-rolled coils, and processed forms such as slit coils, steel sheets, hot-formed structural steel, and cold-formed structural steel, as well as other steel products. In addition, the company also processes certain steel products, including steel sheets, slit coils, flat steel, folded angle steel, folded channel steel, steel pipes, and C-shaped structural steel. The company operates in two reportable segments: Revenue from sales of steels, which accounts for a majority of its revenue, and Revenue from logistic services. Geographically, it is managed and operates principally in Thailand.
36GF Score
Get the complete analysis for BKK:THE-R
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:THE-R has been successfully added to your 
