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TPI Polene Power PCLBKK:TPIPP-R -0.62%64 Equity-to-Asset is 0.53 as of Jun. 2026, which is 17% below its 10-year median of 0.64. GuruFocus rates BKK:TPIPP-R with a GF Score™ of 64/100 and a GF Value™ of ฿2.23 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 457 Utilities - Independent Power Producers companies, TPI Polene Power PCL ranks better than 65.86% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. TPI Polene Power PCL's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ฿36,336 Mil. TPI Polene Power PCL's Total Assets for the quarter that ended in Jun. 2026 was ฿68,414 Mil.
Therefore, TPI Polene Power PCL's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.53.
The historical rank and industry rank for TPI Polene Power PCL's Equity-to-Asset or its related term are showing as below:
BKK:TPIPP-R'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.46 Med: 0.64 Max: 0.9
Current: 0.53
During the past 12 years, the highest Equity to Asset Ratio of TPI Polene Power PCL was 0.90. The lowest was 0.46. And the median was 0.64.
BKK:TPIPP-R's Equity-to-Asset is ranked better than 65.86% of 457
companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.41
vs BKK:TPIPP-R: 0.53
TPI Polene Power PCL (BKK:TPIPP-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%.
TPI Polene Power PCL Equity-to-Asset Related Terms
TPI Polene Power PCL Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for TPI Polene Power 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.
TPI Polene Power PCL Equity-to-Asset Competitor Comparison
For the Utilities - Renewable subindustry, TPI Polene Power 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.
TPI Polene Power PCL Equity-to-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, TPI Polene Power PCL's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where TPI Polene Power 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.
TPI Polene Power 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.
TPI Polene Power PCL (BKK:TPIPP-R) has a Equity-to-Asset of 0.53 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on TPI Polene Power PCL and its competitors. This is 17% below median its historical median of 0.64. Over the past decade, TPI Polene Power PCL's Equity-to-Asset has ranged from 0.46 to 0.90. According to the industry distribution chart, TPI Polene Power PCL ranks #156 out of 457 companies in the Utilities - Independent Power Producers industry, placing it in the top 34.1%.
Is TPI Polene Power PCL's Equity-to-Asset too high?
TPI Polene Power PCL's current Equity-to-Asset of 0.53 is 17% below median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 0.90. The Utilities - Independent Power Producers industry median Equity-to-Asset is 0.41. TPI Polene Power PCL's value of 0.53 is 29.3% above this industry median. Based on the distribution chart, TPI Polene Power PCL ranks #156 out of 457 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, TPI Polene Power PCL has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TPI Polene Power PCL's Equity-to-Asset compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, TPI Polene Power PCL ranks #156 out of 457 companies for Equity-to-Asset. This puts TPI Polene Power PCL in the upper half of its industry. The industry median Equity-to-Asset is 0.41. TPI Polene Power PCL's value of 0.53 is 29.3% above this benchmark. Historically, TPI Polene Power PCL's own Equity-to-Asset has ranged from 0.46 to 0.90 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 0.41, TPI Polene Power 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 Utilities - Independent Power Producers company?
The median Equity-to-Asset among Utilities - Independent Power Producers companies is 0.41, based on 457 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. TPI Polene Power PCL's current Equity-to-Asset of 0.53 is 29.3% 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 TPI Polene Power PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Equity-to-Asset is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPI Polene Power PCL's current Equity-to-Asset is 0.53, which is 17% below median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPI Polene Power PCL stock overvalued right now?
Based on GuruFocus' analysis, TPI Polene Power PCL (BKK:TPIPP-R) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.23, compared to a current price of ฿1.76 — trading 21.1% below its estimated fair value. The current Equity-to-Asset is 0.53, which is 17% below median its 10-year median of 0.64 and 29.3% above the Utilities - Independent Power Producers industry median of 0.41. TPI Polene Power PCL's overall GF Score™ is 64/100 with 10 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 TPI Polene Power PCL (BKK:TPIPP-R), the current Equity-to-Asset is 0.53 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 TPI Polene Power PCL (BKK:TPIPP-R) Overvalued in 2026?
Based on GuruFocus' analysis, TPI Polene Power PCL stock appears to be undervalued.
The current stock price of ฿1.76 is trading 21.1% below its estimated GF Value™ of ฿2.23.
GuruFocus considers TPI Polene Power PCL to be Modestly Undervalued.
Key valuation signals for BKK:TPIPP-R:
Equity-to-Asset: 0.53 (17% below median its 10-year median of 0.64)
GF Value™: ฿2.23 vs. price of ฿1.76 (21.1% below fair value)
Industry Position: 29.3% above the Utilities - Independent Power Producers median (#156 of 457)
No single metric tells the full story. See the BKK:TPIPP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TPI Polene Power PCL is engaged in manufacturing and distributing electricity and refuse-derived fuel, organics waste, and distributing diesel and natural gas. The company is engaged in two segments which are Energy and utilities, Petrol and gas stations. It derives maximum revenue from Energy & Utilities segment. Geographically, the company operates in Thailand.
64GF Score
Get the complete analysis for BKK:TPIPP-R
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