Thantawan Industry PCLBKK:THIP-R 68 Equity-to-Asset is 0.68 as of Mar. 2026, which is 15% below its 10-year median of 0.80. GuruFocus rates BKK:THIP-R with a GF Score™ of 68/100 and a GF Value™ of ฿36.60. The stock has 6 warning signs investors should review. Among 397 Packaging & Containers companies, Thantawan Industry PCL ranks better than 72.04% on this metric.
The historical rank and industry rank for Thantawan Industry PCL's Equity-to-Asset or its related term are showing as below:
BKK:THIP-R'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.64 Med: 0.8 Max: 0.86
Current: 0.68
During the past 13 years, the highest Equity to Asset Ratio of Thantawan Industry PCL was 0.86. The lowest was 0.64. And the median was 0.80.
BKK:THIP-R's Equity-to-Asset is ranked better than 72.04% of 397
companies
in the Packaging & Containers industry
Industry Median: 0.56
vs BKK:THIP-R: 0.68
Thantawan Industry PCL (BKK:THIP-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%.
Thantawan Industry PCL Equity-to-Asset Related Terms
Thantawan Industry PCL Equity-to-Asset Historical Data
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The historical data trend for Thantawan Industry 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:THIP-R vs SW, PKG, IP: Equity-to-Asset Comparison
For the Packaging & Containers subindustry, Thantawan Industry 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.
Thantawan Industry PCL Equity-to-Asset vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thantawan Industry PCL's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Thantawan Industry PCL's Equity-to-Asset falls into.
Thantawan Industry 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.
Thantawan Industry 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.
Thantawan Industry PCL (BKK:THIP-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 Thantawan Industry PCL and its competitors. This is 15% below median its historical median of 0.80. Over the past decade, Thantawan Industry PCL's Equity-to-Asset has ranged from 0.64 to 0.86. According to the industry distribution chart, Thantawan Industry PCL ranks #111 out of 397 companies in the Packaging & Containers industry, placing it in the top 28%.
Is Thantawan Industry PCL's Equity-to-Asset too high?
Thantawan Industry PCL's current Equity-to-Asset of 0.68 is 15% below median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 0.86. The Packaging & Containers industry median Equity-to-Asset is 0.56. Thantawan Industry PCL's value of 0.68 is 21.4% above this industry median. Based on the distribution chart, Thantawan Industry PCL ranks #111 out of 397 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Thantawan Industry PCL has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Thantawan Industry PCL's Equity-to-Asset compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thantawan Industry PCL ranks #111 out of 397 companies for Equity-to-Asset. This puts Thantawan Industry PCL in the upper half of its industry. The industry median Equity-to-Asset is 0.56. Thantawan Industry PCL's value of 0.68 is 21.4% above this benchmark. Historically, Thantawan Industry PCL's own Equity-to-Asset has ranged from 0.64 to 0.86 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 0.56, Thantawan Industry 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 a Packaging & Containers company?
The median Equity-to-Asset among Packaging & Containers companies is 0.56, based on 397 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. Thantawan Industry PCL's current Equity-to-Asset of 0.68 is 21.4% 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 Thantawan Industry PCL and its competitors. For the Packaging & Containers industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thantawan Industry PCL's current Equity-to-Asset is 0.68, which is 15% below median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thantawan Industry PCL stock overvalued right now?
Thantawan Industry PCL (BKK:THIP-R) has a current Equity-to-Asset of 0.68. The stock's GF Value™ is ฿36.60, compared to a current price of ฿23.00 — trading 37.2% below its estimated fair value. The current Equity-to-Asset is 0.68, which is 15% below median its 10-year median of 0.80 and 21.4% above the Packaging & Containers industry median of 0.56. Thantawan Industry PCL's overall GF Score™ is 68/100 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 Thantawan Industry PCL (BKK:THIP-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 Thantawan Industry PCL (BKK:THIP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thantawan Industry PCL stock appears to be undervalued.
The current stock price of ฿23.00 is trading 37.2% below its estimated GF Value™ of ฿36.60.
Key valuation signals for BKK:THIP-R:
Equity-to-Asset: 0.68 (15% below median its 10-year median of 0.80)
GF Value™: ฿36.60 vs. price of ฿23.00 (37.2% below fair value)
Industry Position: 21.4% above the Packaging & Containers median (#111 of 397)
No single metric tells the full story. See the BKK:THIP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The Group manufactures and sells plastic products, which are divided into two main products: plastic bags and straw products. Other products are Zipper tape and resin scrap, etc. Key revenue is generated from Plastic bag. The geographical area of its operation is Thailand and Vietnam.
68GF Score
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