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Thai Wire Products PCLBKK:TWP-R -1.84%56 Equity-to-Asset is 0.65 as of Jun. 2026, which is 14% below its 10-year median of 0.76. GuruFocus rates BKK:TWP-R with a GF Score™ of 56/100 and a GF Value™ of ฿1.18 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 634 Steel companies, Thai Wire Products PCL ranks better than 68.45% on this metric.
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 Wire Products PCL Equity-to-Asset Related Terms
Thai Wire Products PCL Equity-to-Asset Historical Data
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The historical data trend for Thai Wire Products 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:TWP-R vs NUE, STLD, RS: Equity-to-Asset Comparison
For the Steel subindustry, Thai Wire Products 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 Wire Products PCL Equity-to-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Thai Wire Products PCL's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Thai Wire Products 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 Wire Products 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 Wire Products PCL (BKK:TWP-R) has a Equity-to-Asset of 0.65 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Thai Wire Products PCL and its competitors. This is 14% below median its historical median of 0.76. Over the past decade, Thai Wire Products PCL's Equity-to-Asset has ranged from 0.61 to 0.92. According to the industry distribution chart, Thai Wire Products PCL ranks #200 out of 634 companies in the Steel industry, placing it in the top 31.5%.
Is Thai Wire Products PCL's Equity-to-Asset too high?
Thai Wire Products PCL's current Equity-to-Asset of 0.65 is 14% below median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 0.92. The Steel industry median Equity-to-Asset is 0.54. Thai Wire Products PCL's value of 0.65 is 20.4% above this industry median. Based on the distribution chart, Thai Wire Products PCL ranks #200 out of 634 companies in the Steel industry, which is above the industry midpoint. Overall, Thai Wire Products PCL has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Wire Products PCL's Equity-to-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Thai Wire Products PCL ranks #200 out of 634 companies for Equity-to-Asset. This puts Thai Wire Products PCL in the upper half of its industry. The industry median Equity-to-Asset is 0.54. Thai Wire Products PCL's value of 0.65 is 20.4% above this benchmark. Historically, Thai Wire Products PCL's own Equity-to-Asset has ranged from 0.61 to 0.92 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 0.54, Thai Wire Products 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 Steel company?
The median Equity-to-Asset among Steel companies is 0.54, based on 634 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 Wire Products PCL's current Equity-to-Asset of 0.65 is 20.4% 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 Wire Products PCL and its competitors. For the Steel industry, the median Equity-to-Asset is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Wire Products PCL's current Equity-to-Asset is 0.65, which is 14% below median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Wire Products PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Wire Products PCL (BKK:TWP-R) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿1.18, compared to a current price of ฿1.60 — trading 35.6% above its estimated fair value. The current Equity-to-Asset is 0.65, which is 14% below median its 10-year median of 0.76 and 20.4% above the Steel industry median of 0.54. Thai Wire Products PCL's overall GF Score™ is 56/100 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 Wire Products PCL (BKK:TWP-R), the current Equity-to-Asset is 0.65 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 Thai Wire Products PCL (BKK:TWP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Wire Products PCL stock appears to be overvalued.
The current stock price of ฿1.60 is trading 35.6% above its estimated GF Value™ of ฿1.18.
GuruFocus considers Thai Wire Products PCL to be Significantly Overvalued.
Key valuation signals for BKK:TWP-R:
Equity-to-Asset: 0.65 (14% below median its 10-year median of 0.76)
GF Value™: ฿1.18 vs. price of ฿1.60 (35.6% above fair value)
Industry Position: 20.4% above the Steel median (#200 of 634)
No single metric tells the full story. See the BKK:TWP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Wire Products PCL is a Thailand-based manufacturer and seller of high-tensile steel wire (prestressed concrete wire) for the construction industry. Additionally, its product offerings also include galvanized steel wire, cold drawn steel wire, hard drawn steel wire, ordinary low carbon steel wire, etc. Geographically, the company generates maximum revenue from its domestic region and also has some exposure to overseas markets.
56GF Score
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