Thai Reinsurance PCLBKK:THRE-R 44 Equity-to-Asset is 0.59 as of Mar. 2026, which is 34% above its 10-year median of 0.44. GuruFocus rates BKK:THRE-R with a GF Score™ of 44/100 and a GF Value™ of ฿0.47. The stock has 3 warning signs investors should review. Among 508 Insurance companies, Thai Reinsurance PCL ranks better than 88.19% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Thai Reinsurance PCL's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ฿3,803 Mil. Thai Reinsurance PCL's Total Assets for the quarter that ended in Mar. 2026 was ฿6,422 Mil.
Therefore, Thai Reinsurance PCL's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.59.
The historical rank and industry rank for Thai Reinsurance PCL's Equity-to-Asset or its related term are showing as below:
BKK:THRE-R'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.36 Med: 0.44 Max: 0.65
Current: 0.59
During the past 13 years, the highest Equity to Asset Ratio of Thai Reinsurance PCL was 0.65. The lowest was 0.36. And the median was 0.44.
BKK:THRE-R's Equity-to-Asset is ranked better than 88.19% of 508
companies
in the Insurance industry
Industry Median: 0.26
vs BKK:THRE-R: 0.59
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 Reinsurance PCL Equity-to-Asset Related Terms
Thai Reinsurance PCL Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Thai Reinsurance 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:THRE-R vs RGA, EG, RNR: Equity-to-Asset Comparison
For the Insurance - Reinsurance subindustry, Thai Reinsurance 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 Reinsurance PCL Equity-to-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Thai Reinsurance PCL's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Thai Reinsurance 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.
Thai Reinsurance 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.
Thai Reinsurance PCL (BKK:THRE-R) has a Equity-to-Asset of 0.59 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 Reinsurance PCL and its competitors. This is 34% above median its historical median of 0.44. Over the past decade, Thai Reinsurance PCL's Equity-to-Asset has ranged from 0.36 to 0.65. According to the industry distribution chart, Thai Reinsurance PCL ranks #60 out of 508 companies in the Insurance industry, placing it in the top 11.8%.
Is Thai Reinsurance PCL's Equity-to-Asset too high?
Thai Reinsurance PCL's current Equity-to-Asset of 0.59 is 34% above median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 0.65. The Insurance industry median Equity-to-Asset is 0.26. Thai Reinsurance PCL's value of 0.59 is 126.9% above this industry median. Based on the distribution chart, Thai Reinsurance PCL ranks #60 out of 508 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Reinsurance PCL has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Thai Reinsurance PCL's Equity-to-Asset compare to RGA and EG?
According to the Insurance industry distribution chart, Thai Reinsurance PCL ranks #60 out of 508 companies for Equity-to-Asset. This places Thai Reinsurance PCL in the top 12% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.26. Thai Reinsurance PCL's value of 0.59 is 126.9% above this benchmark. Historically, Thai Reinsurance PCL's own Equity-to-Asset has ranged from 0.36 to 0.65 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 0.26, Thai Reinsurance 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 Insurance company?
The median Equity-to-Asset among Insurance companies is 0.26, based on 508 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 Reinsurance PCL's current Equity-to-Asset of 0.59 is 126.9% 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 Thai Reinsurance PCL and its competitors. For the Insurance industry, the median Equity-to-Asset is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Reinsurance PCL's current Equity-to-Asset is 0.59, which is 34% above median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Reinsurance PCL stock overvalued right now?
Thai Reinsurance PCL (BKK:THRE-R) has a current Equity-to-Asset of 0.59. The stock's GF Value™ is ฿0.47, compared to a current price of ฿0.39 — trading 17% below its estimated fair value. The current Equity-to-Asset is 0.59, which is 34% above median its 10-year median of 0.44 and 126.9% above the Insurance industry median of 0.26. Thai Reinsurance PCL's overall GF Score™ is 44/100 with 3 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 Reinsurance PCL (BKK:THRE-R), the current Equity-to-Asset is 0.59 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 Reinsurance PCL (BKK:THRE-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Reinsurance PCL stock appears to be undervalued.
The current stock price of ฿0.39 is trading 17% below its estimated GF Value™ of ฿0.47.
Key valuation signals for BKK:THRE-R:
Equity-to-Asset: 0.59 (34% above median its 10-year median of 0.44)
GF Value™: ฿0.47 vs. price of ฿0.39 (17% below fair value)
Industry Position: 126.9% above the Insurance median (#60 of 508)
No single metric tells the full story. See the BKK:THRE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Reinsurance PCL provides reinsurance for non-life businesses diversify risk, including but not limited to property, personal accident, engineering, and marine and cargo risk. The company provides two main types of reinsurance contracts: facultative reinsurance and treaty reinsurance. Its segments include Motor insurance and Non-motor insurance. The majority of the revenue is derived from Non-motor insurance segment. The group operates in Thailand only.
44GF Score
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