Mfc Asset Management PCL (BKK:MFC) PB Ratio: 1.69 (As of Jul. 16, 2026) — 18% Below Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:MFC Mfc Asset Management PCL BKK:MFC
76 GF Score
Price ฿19.90
GF Value ฿32.12
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Mfc Asset Management PCL PB Ratio?

Mfc Asset Management PCL BKK:MFC 76 PB Ratio is 1.69 as of Jul. 16, 2026, which is 18% below its 10-year median of 2.07. GuruFocus rates BKK:MFC with a GF Score™ of 76/100 and a GF Value™ of ฿32.12 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,600 Asset Management companies, Mfc Asset Management PCL ranks worse than 82% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-16), Mfc Asset Management PCL's share price is ฿19.90. Mfc Asset Management PCL's Book Value per Share for the quarter that ended in Mar. 2026 was ฿11.75. Hence, Mfc Asset Management PCL's PB Ratio of today is 1.69.

Good Sign:

Mfc Asset Management PCL stock PB Ratio (=1.68) is close to 5-year low of 1.59.

The historical rank and industry rank for Mfc Asset Management PCL's PB Ratio or its related term are showing as below:

BKK:MFC' s PB Ratio Range Over the Past 10 Years
Min: 1.41   Med: 2.07   Max: 3.29
Current: 1.69

During the past 13 years, Mfc Asset Management PCL's highest PB Ratio was 3.29. The lowest was 1.41. And the median was 2.07.

BKK:MFC's PB Ratio is ranked worse than
82% of 1600 companies
in the Asset Management industry
Industry Median: 0.96 vs BKK:MFC: 1.69

During the past 12 months, Mfc Asset Management PCL's average Book Value Per Share Growth Rate was 13.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 4.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 3.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -0.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mfc Asset Management PCL was 4.20% per year. The lowest was -54.50% per year. And the median was -1.60% per year.

Back to Basics: PB Ratio


Mfc Asset Management PCL  (BKK:MFC) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Mfc Asset Management PCL PB Ratio Related Terms


Mfc Asset Management PCL PB Ratio Historical Data

* Premium members only.

The historical data trend for Mfc Asset Management PCL's PB Ratio 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.

Mfc Asset Management PCL PB Ratio Chart

Mfc Asset Management PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.50 2.35 2.11 2.82 2.44

Mfc Asset Management PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.41 2.65 2.26 2.44 1.90

BKK:MFC vs BLK, BX, KKR: PB Ratio Comparison

For the Asset Management subindustry, Mfc Asset Management PCL's PB Ratio, along with its competitors' market caps and PB Ratio 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.


Mfc Asset Management PCL PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Mfc Asset Management PCL's PB Ratio distribution charts can be found below:

* The bar in red indicates where Mfc Asset Management PCL's PB Ratio falls into.


BKK:MFC
76GF Score
Mfc Asset Management PCL BKK:MFC
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mfc Asset Management PCL PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Mfc Asset Management PCL's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=19.90/11.754
=1.69

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 1.69 mean?
Mfc Asset Management PCL (BKK:MFC) has a PB Ratio of 1.69 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mfc Asset Management PCL and its competitors. This is 18% below median its historical median of 2.07. Over the past decade, Mfc Asset Management PCL's PB Ratio has ranged from 1.41 to 3.29. According to the industry distribution chart, Mfc Asset Management PCL ranks #1312 out of 1600 companies in the Asset Management industry, placing it in the top 82%.
Is Mfc Asset Management PCL's PB Ratio too high?
Mfc Asset Management PCL's current PB Ratio of 1.69 is 18% below median its 10-year median of 2.07. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 3.29. The Asset Management industry median PB Ratio is 0.96. Mfc Asset Management PCL's value of 1.69 is 76% above this industry median. Based on the distribution chart, Mfc Asset Management PCL ranks #1312 out of 1600 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Mfc Asset Management PCL has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mfc Asset Management PCL's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Mfc Asset Management PCL ranks #1312 out of 1600 companies for PB Ratio. This places Mfc Asset Management PCL in the lower half of its industry. The industry median PB Ratio is 0.96. Mfc Asset Management PCL's value of 1.69 is 76% above this benchmark. Historically, Mfc Asset Management PCL's own PB Ratio has ranged from 1.41 to 3.29 over the past decade. While the company's 10-year median is 2.07 vs. the industry median of 0.96, Mfc Asset Management 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 PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.96, based on 1,600 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mfc Asset Management PCL's current PB Ratio of 1.69 is 76% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mfc Asset Management PCL and its competitors. For the Asset Management industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mfc Asset Management PCL's current PB Ratio is 1.69, which is 18% below median its own 10-year median of 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mfc Asset Management PCL stock overvalued right now?
Based on GuruFocus' analysis, Mfc Asset Management PCL (BKK:MFC) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿32.12, compared to a current price of ฿19.90 — trading 38% below its estimated fair value. The current PB Ratio is 1.69, which is 18% below median its 10-year median of 2.07 and 76% above the Asset Management industry median of 0.96. Mfc Asset Management PCL's overall GF Score™ is 76/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Mfc Asset Management PCL (BKK:MFC), the current PB Ratio is 1.69 as of Jul. 16, 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 Mfc Asset Management PCL (BKK:MFC) Overvalued in 2026?

Based on GuruFocus' analysis, Mfc Asset Management PCL stock appears to be undervalued. The current stock price of ฿19.90 is trading 38% below its estimated GF Value™ of ฿32.12. GuruFocus considers Mfc Asset Management PCL to be Significantly Undervalued.

Key valuation signals for BKK:MFC:

  • PB Ratio: 1.69 (18% below median its 10-year median of 2.07)
  • GF Value™: ฿32.12 vs. price of ฿19.90 (38% below fair value)
  • GF Score™: 76/100 with 1 warning sign
  • Industry Position: 76% above the Asset Management median (#1312 of 1600)

No single metric tells the full story. See the BKK:MFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mfc Asset Management PCL Business Description

Address Witthayu Road, 16th -17th Floor, 195 One Bangkok Tower 4, Lumphini, Pathum Wan, Bangkok, THA, 10330
Mfc Asset Management PCL is a Thailand-based company that engages in the provision of fund management services. The company is licensed to manage mutual funds, provident funds, private funds, securities registrar, and real estate investment trusts. Its only operating segment is fund management.
76GF Score

Get the complete analysis for BKK:MFC

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

฿19.90
Price
฿32.12
GF Value