Gulf Development PCL (BKK:GULF) Market Cap: ฿915,065 Mil (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:GULF Gulf Development PCL BKK:GULF
12 GF Score
Price ฿61.25
! 10 Warning Signs
View Full Analysis

What is Gulf Development PCL Market Cap?

Gulf Development PCL BKK:GULF +0.41% 12 Market Cap is ฿915,065 Mil as of Sep. 20, 2026. GuruFocus rates BKK:GULF with a GF Score™ of 12/100. The stock has 10 warning signs investors should review. Among 483 Utilities - Independent Power Producers companies, Gulf Development PCL ranks better than 98.55% on this metric.

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Gulf Development PCL's share price for the quarter that ended in Jun. 2026 was ฿61.5. Gulf Development PCL's Shares Outstanding (EOP) for the quarter that ended in Jun. 2026 was 14,940 Mil. Therefore, Gulf Development PCL's market cap for the quarter that ended in Jun. 2026 was ฿918,800 Mil.

Gulf Development PCL's quarterly market cap increased from Dec. 2025 (฿623,738 Mil) to Mar. 2026 (฿885,186 Mil) and increased from Mar. 2026 (฿885,186 Mil) to Jun. 2026 (฿918,800 Mil).

Gulf Development PCL's annual market cap stayed the same from Dec. 2023 (฿ Mil) to Dec. 2024 (฿ Mil) but then increased from Dec. 2024 (฿ Mil) to Dec. 2025 (฿623,738 Mil).

Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Gulf Development PCL's Enterprise Value for Today is ฿1,315,582 Mil.


Gulf Development PCL  (BKK:GULF) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the company’s debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.


Gulf Development PCL Market Cap Related Terms


Gulf Development PCL Market Cap Historical Data

* Premium members only.

The historical data trend for Gulf Development PCL's Market Cap 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.

Gulf Development PCL Market Cap Chart

Gulf Development PCL Annual Data
Trend Dec23 Dec24 Dec25
Market Cap
- - 623,738.32

Gulf Development PCL Quarterly Data
Mar24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Market Cap Get a 7-Day Free Trial 578,918.80 649,883.04 623,738.32 885,185.52 918,800.16

BKK:GULF vs CEG, VST, NRG: Market Cap Comparison

For the Utilities - Independent Power Producers subindustry, Gulf Development PCL's Market Cap, along with its competitors' market caps and Market Cap 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.


Gulf Development PCL Market Cap vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Gulf Development PCL's Market Cap distribution charts can be found below:

* The bar in red indicates where Gulf Development PCL's Market Cap falls into.


BKK:GULF
12GF Score
Gulf Development PCL BKK:GULF
Market Cap is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gulf Development PCL Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Gulf Development PCL's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as

Market Cap (A: Dec. 2025 )=Share Price (A: Dec. 2025 )*Shares Outstanding (EOP) (A: Dec. 2025 )
=฿41.75*14939.84
=฿

Gulf Development PCL's Market Cap for the quarter that ended in Jun. 2026 is calculated as

Market Cap (Q: Jun. 2026 )=Share Price (Q: Jun. 2026 )*Shares Outstanding (EOP) (Q: Jun. 2026 )
=฿61.5*14939.84
=฿918,800

* 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.

Frequently Asked Questions Learn more about Market Cap →
What does a Market Cap of ฿915,065 Mil mean?
Gulf Development PCL (BKK:GULF) has a Market Cap of ฿915,065 Mil as of Sep. 20, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Gulf Development PCL and its competitors. According to the industry distribution chart, Gulf Development PCL ranks #7 out of 483 companies in the Utilities - Independent Power Producers industry, placing it in the top 1.4%.
Is Gulf Development PCL's Market Cap too high?
Gulf Development PCL's current Market Cap is ฿915,065 Mil. Based on the distribution chart, Gulf Development PCL ranks #7 out of 483 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Gulf Development PCL has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Gulf Development PCL's Market Cap compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Gulf Development PCL ranks #7 out of 483 companies for Market Cap. This places Gulf Development PCL in the top 1% of its industry — outperforming the majority of peers. The industry median Market Cap is 207.13. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Utilities - Independent Power Producers company?
The median Market Cap among Utilities - Independent Power Producers companies is 207.13, based on 483 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Gulf Development PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Market Cap is 207.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gulf Development PCL's current Market Cap is ฿915,065 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Development PCL stock overvalued right now?
Gulf Development PCL (BKK:GULF) has a current Market Cap of ฿915,065 Mil. The current Market Cap is ฿915,065 Mil. Gulf Development PCL's overall GF Score™ is 12/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Gulf Development PCL (BKK:GULF), the current Market Cap is ฿915,065 Mil as of Sep. 20, 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.

Gulf Development PCL Business Description

Other Exchanges GULF-F:Thailand
Address Wireless Road, 87 M. Thai Tower 11th Floor, All Seasons Place, Lumpini, Pathumwan, Bangkok, THA, 10330
Gulf Development PCL is a Thailand-based company mainly involved in the electricity-generating business. The group's principal operations are to generate and sell electricity and steam, store and convert natural gas from liquid to gas, provide satellite services, and operate other businesses in domestic and international markets. It is also involved in the business of renewable energy, such as solar rooftops and biomass energy. The group's reportable segments are: Power business (which generates maximum revenue), Consulting business, Infrastructure business, and Satellite and digital business. Geographically, it derives maximum revenue from Thailand.
12GF Score

Get the complete analysis for BKK:GULF

Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿61.25
Price