TTW PCLBKK:TTW-R 84 Equity-to-Asset is 0.72 as of Mar. 2026, which is 18% above its 10-year median of 0.61. GuruFocus rates BKK:TTW-R with a GF Score™ of 84/100 and a GF Value™ of ฿8.45. The stock has 3 warning signs investors should review. Among 508 Utilities - Regulated companies, TTW PCL ranks better than 88.98% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. TTW PCL's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ฿17,283 Mil. TTW PCL's Total Assets for the quarter that ended in Mar. 2026 was ฿24,012 Mil.
Therefore, TTW PCL's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.72.
The historical rank and industry rank for TTW PCL's Equity-to-Asset or its related term are showing as below:
BKK:TTW-R'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.45 Med: 0.61 Max: 0.79
Current: 0.72
During the past 13 years, the highest Equity to Asset Ratio of TTW PCL was 0.79. The lowest was 0.45. And the median was 0.61.
BKK:TTW-R's Equity-to-Asset is ranked better than 88.98% of 508
companies
in the Utilities - Regulated industry
Industry Median: 0.36
vs BKK:TTW-R: 0.72
TTW PCL (BKK:TTW-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%.
TTW PCL Equity-to-Asset Related Terms
TTW PCL Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for TTW 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:TTW-R vs AWK, WTRG, AWR: Equity-to-Asset Comparison
For the Utilities - Regulated Water subindustry, TTW 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.
TTW PCL Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, TTW PCL's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where TTW 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.
TTW 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.
TTW PCL (BKK:TTW-R) has a Equity-to-Asset of 0.72 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on TTW PCL and its competitors. This is 18% above median its historical median of 0.61. Over the past decade, TTW PCL's Equity-to-Asset has ranged from 0.45 to 0.79. According to the industry distribution chart, TTW PCL ranks #56 out of 508 companies in the Utilities - Regulated industry, placing it in the top 11%.
Is TTW PCL's Equity-to-Asset too high?
TTW PCL's current Equity-to-Asset of 0.72 is 18% above median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 0.79. The Utilities - Regulated industry median Equity-to-Asset is 0.36. TTW PCL's value of 0.72 is 100% above this industry median. Based on the distribution chart, TTW PCL ranks #56 out of 508 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, TTW PCL has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does TTW PCL's Equity-to-Asset compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, TTW PCL ranks #56 out of 508 companies for Equity-to-Asset. This places TTW PCL in the top 11% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.36. TTW PCL's value of 0.72 is 100% above this benchmark. Historically, TTW PCL's own Equity-to-Asset has ranged from 0.45 to 0.79 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 0.36, TTW 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 - Regulated company?
The median Equity-to-Asset among Utilities - Regulated companies is 0.36, 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. TTW PCL's current Equity-to-Asset of 0.72 is 100% 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 TTW PCL and its competitors. For the Utilities - Regulated industry, the median Equity-to-Asset is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TTW PCL's current Equity-to-Asset is 0.72, which is 18% above median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TTW PCL stock overvalued right now?
TTW PCL (BKK:TTW-R) has a current Equity-to-Asset of 0.72. The stock's GF Value™ is ฿8.45, compared to a current price of ฿9.19 — trading 8.8% above its estimated fair value. The current Equity-to-Asset is 0.72, which is 18% above median its 10-year median of 0.61 and 100% above the Utilities - Regulated industry median of 0.36. TTW PCL's overall GF Score™ is 84/100 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 TTW PCL (BKK:TTW-R), the current Equity-to-Asset is 0.72 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 TTW PCL (BKK:TTW-R) Overvalued in 2026?
Based on GuruFocus' analysis, TTW PCL stock appears to be overvalued.
The current stock price of ฿9.19 is trading 8.8% above its estimated GF Value™ of ฿8.45.
Key valuation signals for BKK:TTW-R:
Equity-to-Asset: 0.72 (18% above median its 10-year median of 0.61)
GF Value™: ฿8.45 vs. price of ฿9.19 (8.8% above fair value)
Industry Position: 100% above the Utilities - Regulated median (#56 of 508)
No single metric tells the full story. See the BKK:TTW-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TTW PCL is a Thailand-based company chiefly engaged in the production and sale of treated water to its customers, the Provincial Waterworks Authority (PWA). The company supplies water to certain southern regions of Thailand that include Nakhon Pathom and Samut Sakhon. The subsidiaries of TTW PLC provide production, sale, operation, and maintenance services. The majority of the group's revenue is derived from sales of treated water to public sector agencies, while the rest is derived from private sector agencies and other sources. Geographically, the group operates only in Thailand.
84GF Score
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