Thai Airways International PCL's quarterly market cap
declined
from Sep. 2025 (฿370,773 Mil) to Dec. 2025 (฿196,708 Mil) and
declined
from Dec. 2025 (฿196,708 Mil) to Mar. 2026 (฿172,650 Mil).
Thai Airways International PCL's annual market cap
increased
from Dec. 2023 (฿7,247 Mil) to Dec. 2024 (฿93,967 Mil) and
increased
from Dec. 2024 (฿93,967 Mil) to Dec. 2025 (฿196,708 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. Thai Airways International PCL's Enterprise Value for Today is ฿160,323 Mil.
Thai Airways International PCL (BKK:THAI) 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 companys 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.
Thai Airways International PCL Market Cap Related Terms
Thai Airways International PCL Market Cap 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.
For the Airlines subindustry, Thai Airways International 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.
Thai Airways International PCL Market Cap vs Transportation Industry
For the Transportation industry and Industrials sector, Thai Airways International PCL's Market Cap distribution charts can be found below:
* The bar in red indicates where Thai Airways International PCL's Market Cap falls into.
Thai Airways International 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.
* 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 Airways International PCL (BKK:THAI) has a Market Cap of ฿172,650 Mil as of Jun. 26, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Thai Airways International PCL and its competitors. According to the industry distribution chart, Thai Airways International PCL ranks #116 out of 1033 companies in the Transportation industry, placing it in the top 11.2%.
Is Thai Airways International PCL's Market Cap too high?
Thai Airways International PCL's current Market Cap is ฿172,650 Mil. Based on the distribution chart, Thai Airways International PCL ranks #116 out of 1033 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Airways International PCL has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Airways International PCL's Market Cap compare to DAL and UAL?
According to the Transportation industry distribution chart, Thai Airways International PCL ranks #116 out of 1033 companies for Market Cap. This places Thai Airways International PCL in the top 11% of its industry — outperforming the majority of peers. The industry median Market Cap is 253.78. 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 a Transportation company?
The median Market Cap among Transportation companies is 253.78, based on 1,033 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 Thai Airways International PCL and its competitors. For the Transportation industry, the median Market Cap is 253.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Airways International PCL's current Market Cap is ฿172,650 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Airways International PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Airways International PCL (BKK:THAI) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.35, compared to a current price of ฿6.10 — trading 1642.9% above its estimated fair value. The current Market Cap is ฿172,650 Mil. Thai Airways International PCL's overall GF Score™ is 37/100 with 4 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 Thai Airways International PCL (BKK:THAI), the current Market Cap is ฿172,650 Mil as of Jun. 26, 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 Airways International PCL (BKK:THAI) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Airways International PCL stock appears to be overvalued.
The current stock price of ฿6.10 is trading 1642.9% above its estimated GF Value™ of ฿0.35.
GuruFocus considers Thai Airways International PCL to be Significantly Overvalued.
Key valuation signals for BKK:THAI:
Market Cap: ฿172,650 Mil
GF Value™: ฿0.35 vs. price of ฿6.10 (1642.9% above fair value)
No single metric tells the full story. See the BKK:THAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Airways International PCL Business Description
Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company segments are Air Transport, Business Units, and Others. The air transport business focuses on the transportation of passengers, cargo, and mail, and utilizes scheduled and chartered flights to domestic and international destinations. The business units segment ensures all flights reach their destination on time and at the correct location, and offers support with cargo terminal handling, group equipment services, and catering services. The other segments include the sale of duty-free goods, the sale of souvenir products from the maintenance division, and the operation of subsidiaries. The majority of revenue originates from Asia from Air Transport.
37GF Score
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