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.
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.
Sermsang Power PCLBKK:SSP 84 PB Ratio is 0.63 as of Jul. 17, 2026, which is 62% below its 10-year median of 1.67. GuruFocus rates BKK:SSP with a GF Score™ of 84/100 and a GF Value™ of ฿5.85 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 430 Utilities - Independent Power Producers companies, Sermsang Power PCL ranks better than 79.53% on this metric.
During the past 12 months, Sermsang Power PCL's average Book Value Per Share Growth Rate was 3.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 22.60% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Sermsang Power PCL was 97.10% per year. The lowest was 2.30% per year. And the median was 17.50% per year.
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.
Sermsang Power PCL PB Ratio Related Terms
Sermsang Power PCL PB Ratio Historical Data
* Premium members only.
The historical data trend for Sermsang Power 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.
For the Utilities - Renewable subindustry, Sermsang Power 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.
Sermsang Power PCL PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Sermsang Power PCL's PB Ratio distribution charts can be found below:
* The bar in red indicates where Sermsang Power PCL's PB Ratio falls into.
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.
* 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.
Sermsang Power PCL (BKK:SSP) has a PB Ratio of 0.63 as of Jul. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Sermsang Power PCL and its competitors. This is 62% below median its historical median of 1.67. Over the past decade, Sermsang Power PCL's PB Ratio has ranged from 0.51 to 5.43. According to the industry distribution chart, Sermsang Power PCL ranks #88 out of 430 companies in the Utilities - Independent Power Producers industry, placing it in the top 20.5%.
Is Sermsang Power PCL's PB Ratio too high?
Sermsang Power PCL's current PB Ratio of 0.63 is 62% below median its 10-year median of 1.67. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 5.43. The Utilities - Independent Power Producers industry median PB Ratio is 1.29. Sermsang Power PCL's value of 0.63 is 51% below this industry median. Based on the distribution chart, Sermsang Power PCL ranks #88 out of 430 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Sermsang Power PCL has a GF Score™ of 84/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sermsang Power PCL's PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Sermsang Power PCL ranks #88 out of 430 companies for PB Ratio. This places Sermsang Power PCL in the top 21% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.29. Sermsang Power PCL's value of 0.63 is 51% below this benchmark. Historically, Sermsang Power PCL's own PB Ratio has ranged from 0.51 to 5.43 over the past decade. While the company's 10-year median is 1.67 vs. the industry median of 1.29, Sermsang Power PCL has consistently been below 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 Utilities - Independent Power Producers company?
The median PB Ratio among Utilities - Independent Power Producers companies is 1.29, based on 430 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. Sermsang Power PCL's current PB Ratio of 0.63 is 51% below 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 Sermsang Power PCL and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sermsang Power PCL's current PB Ratio is 0.63, which is 62% below median its own 10-year median of 1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sermsang Power PCL stock overvalued right now?
Based on GuruFocus' analysis, Sermsang Power PCL (BKK:SSP) is currently considered Possible Value Trap. The stock's GF Value™ is ฿5.85, compared to a current price of ฿4.06 — trading 30.6% below its estimated fair value. The current PB Ratio is 0.63, which is 62% below median its 10-year median of 1.67 and 51% below the Utilities - Independent Power Producers industry median of 1.29. Sermsang Power PCL's overall GF Score™ is 84/100 with 10 warning signs 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 Sermsang Power PCL (BKK:SSP), the current PB Ratio is 0.63 as of Jul. 17, 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 Sermsang Power PCL (BKK:SSP) Overvalued in 2026?
Based on GuruFocus' analysis, Sermsang Power PCL stock appears to be undervalued.
The current stock price of ฿4.06 is trading 30.6% below its estimated GF Value™ of ฿5.85.
GuruFocus considers Sermsang Power PCL to be Possible Value Trap.
Key valuation signals for BKK:SSP:
PB Ratio: 0.63 (62% below median its 10-year median of 1.67)
GF Value™: ฿5.85 vs. price of ฿4.06 (30.6% below fair value)
Industry Position: 51% below the Utilities - Independent Power Producers median (#88 of 430)
No single metric tells the full story. See the BKK:SSP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sermsang Power Corporation PCL is engaged in investment, consultancy, and the provision of services for energy businesses to related parties. The company's operating segments are the production and distribution of electricity from solar plants, Electricity distribution, and installation services relating to the solar roof system, Production and distribution of electricity from wind power plants, Production and distribution of electricity from biomass, and others. The firm generates a majority of its revenue from the Production and distribution of electricity from the solar power plants segment. Geographically, the company generates a majority share of the revenue from Thailand.
84GF Score
Get the complete analysis for BKK:SSP
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:SSP has been successfully added to your 
