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Trinity Watthana PCLBKK:TNITY-R 53 Equity-to-Asset is 0.31 as of Jun. 2026, which is 3% below its 10-year median of 0.32. GuruFocus rates BKK:TNITY-R with a GF Score™ of 53/100 and a GF Value™ of ฿3.34 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 809 Capital Markets companies, Trinity Watthana PCL ranks worse than 65.76% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Trinity Watthana PCL's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ฿1,300.2 Mil. Trinity Watthana PCL's Total Assets for the quarter that ended in Jun. 2026 was ฿4,176.5 Mil.
Therefore, Trinity Watthana PCL's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.31.
The historical rank and industry rank for Trinity Watthana PCL's Equity-to-Asset or its related term are showing as below:
BKK:TNITY-R'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.23 Med: 0.32 Max: 0.44
Current: 0.31
During the past 13 years, the highest Equity to Asset Ratio of Trinity Watthana PCL was 0.44. The lowest was 0.23. And the median was 0.32.
BKK:TNITY-R's Equity-to-Asset is ranked worse than 65.76% of 809
companies
in the Capital Markets industry
Industry Median: 0.51
vs BKK:TNITY-R: 0.31
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%.
Trinity Watthana PCL Equity-to-Asset Related Terms
Trinity Watthana PCL Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Trinity Watthana 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:TNITY-R vs MS, GS, SCHW: Equity-to-Asset Comparison
For the Capital Markets subindustry, Trinity Watthana 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.
Trinity Watthana PCL Equity-to-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Trinity Watthana PCL's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Trinity Watthana 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.
Trinity Watthana 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.
Trinity Watthana PCL (BKK:TNITY-R) has a Equity-to-Asset of 0.31 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Trinity Watthana PCL and its competitors. This is near median its historical median of 0.32. Over the past decade, Trinity Watthana PCL's Equity-to-Asset has ranged from 0.23 to 0.44. According to the industry distribution chart, Trinity Watthana PCL ranks #532 out of 809 companies in the Capital Markets industry, placing it in the top 65.8%.
Is Trinity Watthana PCL's Equity-to-Asset too high?
Trinity Watthana PCL's current Equity-to-Asset of 0.31 is near median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.44. The Capital Markets industry median Equity-to-Asset is 0.51. Trinity Watthana PCL's value of 0.31 is 39.2% below this industry median. Based on the distribution chart, Trinity Watthana PCL ranks #532 out of 809 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Trinity Watthana PCL has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trinity Watthana PCL's Equity-to-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Trinity Watthana PCL ranks #532 out of 809 companies for Equity-to-Asset. This places Trinity Watthana PCL in the lower half of its industry. The industry median Equity-to-Asset is 0.51. Trinity Watthana PCL's value of 0.31 is 39.2% below this benchmark. Historically, Trinity Watthana PCL's own Equity-to-Asset has ranged from 0.23 to 0.44 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.51, Trinity Watthana 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 Capital Markets company?
The median Equity-to-Asset among Capital Markets companies is 0.51, based on 809 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. Trinity Watthana PCL's current Equity-to-Asset of 0.31 is 39.2% 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 Trinity Watthana PCL and its competitors. For the Capital Markets industry, the median Equity-to-Asset is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trinity Watthana PCL's current Equity-to-Asset is 0.31, which is near median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trinity Watthana PCL stock overvalued right now?
Based on GuruFocus' analysis, Trinity Watthana PCL (BKK:TNITY-R) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿3.34, compared to a current price of ฿2.46 — trading 26.3% below its estimated fair value. The current Equity-to-Asset is 0.31, which is near median its 10-year median of 0.32 and 39.2% below the Capital Markets industry median of 0.51. Trinity Watthana PCL's overall GF Score™ is 53/100 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 Trinity Watthana PCL (BKK:TNITY-R), the current Equity-to-Asset is 0.31 as of Jun. 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 Trinity Watthana PCL (BKK:TNITY-R) Overvalued in 2026?
Based on GuruFocus' analysis, Trinity Watthana PCL stock appears to be undervalued.
The current stock price of ฿2.46 is trading 26.3% below its estimated GF Value™ of ฿3.34.
GuruFocus considers Trinity Watthana PCL to be Modestly Undervalued.
Key valuation signals for BKK:TNITY-R:
Equity-to-Asset: 0.31 (near median its 10-year median of 0.32)
GF Value™: ฿3.34 vs. price of ฿2.46 (26.3% below fair value)
Industry Position: 39.2% below the Capital Markets median (#532 of 809)
No single metric tells the full story. See the BKK:TNITY-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trinity Watthana PCL is principally engaged in investments in other companies, listed companies and derivatives, and lending. The firm and its subsidiaries are organized into two principal business segments based on their products and services: the Securities and derivatives business, which is the key revenue-generating segment, and the Financial advisory and investment banking business. It is engaged in the securities business, including securities brokerage, securities trading, investment advisory, securities underwriting, securities borrowing and lending, private fund asset management, financial advisory, and derivatives agent.
53GF Score
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