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TOA Paint (Thailand) PCL (BKK:TOA-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%.
TOA Paint (Thailand) PCL Equity-to-Asset Related Terms
TOA Paint (Thailand) 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.
BKK:TOA-R vs LIN, SHW, ECL: Equity-to-Asset Comparison
For the Specialty Chemicals subindustry, TOA Paint (Thailand) 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.
TOA Paint (Thailand) PCL Equity-to-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, TOA Paint (Thailand) PCL's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where TOA Paint (Thailand) PCL's Equity-to-Asset falls into.
TOA Paint (Thailand) 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.
TOA Paint (Thailand) 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.
TOA Paint (Thailand) PCL (BKK:TOA-R) has a Equity-to-Asset of 0.66 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on TOA Paint (Thailand) PCL and its competitors. This is near median its historical median of 0.66. Over the past decade, TOA Paint (Thailand) PCL's Equity-to-Asset has ranged from 0.08 to 0.69. According to the industry distribution chart, TOA Paint (Thailand) PCL ranks #632 out of 1617 companies in the Chemicals industry, placing it in the top 39.1%.
Is TOA Paint (Thailand) PCL's Equity-to-Asset too high?
TOA Paint (Thailand) PCL's current Equity-to-Asset of 0.66 is near median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.69. The Chemicals industry median Equity-to-Asset is 0.60. TOA Paint (Thailand) PCL's value of 0.66 is 10% above this industry median. Based on the distribution chart, TOA Paint (Thailand) PCL ranks #632 out of 1617 companies in the Chemicals industry, which is above the industry midpoint. Overall, TOA Paint (Thailand) PCL has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOA Paint (Thailand) PCL's Equity-to-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, TOA Paint (Thailand) PCL ranks #632 out of 1617 companies for Equity-to-Asset. This puts TOA Paint (Thailand) PCL in the upper half of its industry. The industry median Equity-to-Asset is 0.60. TOA Paint (Thailand) PCL's value of 0.66 is 10% above this benchmark. Historically, TOA Paint (Thailand) PCL's own Equity-to-Asset has ranged from 0.08 to 0.69 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 0.60, TOA Paint (Thailand) 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 Chemicals company?
The median Equity-to-Asset among Chemicals companies is 0.60, based on 1,617 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. TOA Paint (Thailand) PCL's current Equity-to-Asset of 0.66 is 10% 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 TOA Paint (Thailand) PCL and its competitors. For the Chemicals industry, the median Equity-to-Asset is 0.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOA Paint (Thailand) PCL's current Equity-to-Asset is 0.66, which is near median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOA Paint (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, TOA Paint (Thailand) PCL (BKK:TOA-R) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿13.39, compared to a current price of ฿15.20 — trading 13.5% above its estimated fair value. The current Equity-to-Asset is 0.66, which is near median its 10-year median of 0.66 and 10% above the Chemicals industry median of 0.60. TOA Paint (Thailand) PCL's overall GF Score™ is 88/100 with 2 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 TOA Paint (Thailand) PCL (BKK:TOA-R), the current Equity-to-Asset is 0.66 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 TOA Paint (Thailand) PCL (BKK:TOA-R) Overvalued in 2026?
Based on GuruFocus' analysis, TOA Paint (Thailand) PCL stock appears to be overvalued.
The current stock price of ฿15.20 is trading 13.5% above its estimated GF Value™ of ฿13.39.
GuruFocus considers TOA Paint (Thailand) PCL to be Modestly Overvalued.
Key valuation signals for BKK:TOA-R:
Equity-to-Asset: 0.66 (near median its 10-year median of 0.66)
GF Value™: ฿13.39 vs. price of ฿15.20 (13.5% above fair value)
Industry Position: 10% above the Chemicals median (#632 of 1617)
No single metric tells the full story. See the BKK:TOA-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOA Paint (Thailand) PCL is principally engaged in the manufacture and distribution of paints and chemicals. Its product types are decorative coatings, wood coatings, construction chemicals, heavy-duty coatings, special paint, and hardware and power tools. The company generates a majority of its revenue from Thailand.
88GF Score
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