Thantawan Industry PCLBKK:THIP-R 72 PB Ratio is 0.73 as of Jun. 24, 2026, which is 35% below its 10-year median of 1.13. GuruFocus rates BKK:THIP-R with a GF Score™ of 72/100 and a GF Value™ of ฿36.74. The stock has 6 warning signs investors should review. Among 388 Packaging & Containers companies, Thantawan Industry PCL ranks better than 74.48% on this metric.
Thantawan Industry PCL stock PB Ratio (=0.65) is close to 10-year low of 0.65.
The historical rank and industry rank for Thantawan Industry PCL's PB Ratio or its related term are showing as below:
BKK:THIP-R'
s PB Ratio Range Over the Past 10 Years
Min: 0.65 Med: 1.13 Max: 2.79
Current: 0.65
During the past 13 years, Thantawan Industry PCL's highest PB Ratio was 2.79. The lowest was 0.65. And the median was 1.13.
BKK:THIP-R's PB Ratio is ranked better than 74.48% of 388
companies
in the Packaging & Containers industry
Industry Median: 1.155
vs BKK:THIP-R: 0.65
During the past 12 months, Thantawan Industry PCL's average Book Value Per Share Growth Rate was -0.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 11.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Thantawan Industry PCL was 18.20% per year. The lowest was 3.70% per year. And the median was 10.10% per year.
Back to Basics: PB Ratio
Thantawan Industry PCL (BKK:THIP-R) PB Ratio Explanation
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.
* 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 Packaging & Containers subindustry, Thantawan Industry 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.
Thantawan Industry PCL PB Ratio vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thantawan Industry PCL's PB Ratio distribution charts can be found below:
* The bar in red indicates where Thantawan Industry 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.
Thantawan Industry PCL (BKK:THIP-R) has a PB Ratio of 0.73 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Thantawan Industry PCL and its competitors. This is 35% below median its historical median of 1.13. Over the past decade, Thantawan Industry PCL's PB Ratio has ranged from 0.65 to 2.79. According to the industry distribution chart, Thantawan Industry PCL ranks #99 out of 388 companies in the Packaging & Containers industry, placing it in the top 25.5%.
Is Thantawan Industry PCL's PB Ratio too high?
Thantawan Industry PCL's current PB Ratio of 0.73 is 35% below median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 2.79. The Packaging & Containers industry median PB Ratio is 1.16. Thantawan Industry PCL's value of 0.73 is 36.8% below this industry median. Based on the distribution chart, Thantawan Industry PCL ranks #99 out of 388 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Thantawan Industry PCL has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Thantawan Industry PCL's PB Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thantawan Industry PCL ranks #99 out of 388 companies for PB Ratio. This puts Thantawan Industry PCL in the upper half of its industry. The industry median PB Ratio is 1.16. Thantawan Industry PCL's value of 0.73 is 36.8% below this benchmark. Historically, Thantawan Industry PCL's own PB Ratio has ranged from 0.65 to 2.79 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 1.16, Thantawan Industry 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 a Packaging & Containers company?
The median PB Ratio among Packaging & Containers companies is 1.16, based on 388 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. Thantawan Industry PCL's current PB Ratio of 0.73 is 36.8% 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 Thantawan Industry PCL and its competitors. For the Packaging & Containers industry, the median PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thantawan Industry PCL's current PB Ratio is 0.73, which is 35% below median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thantawan Industry PCL stock overvalued right now?
Thantawan Industry PCL (BKK:THIP-R) has a current PB Ratio of 0.73. The stock's GF Value™ is ฿36.74, compared to a current price of ฿23.00 — trading 37.4% below its estimated fair value. The current PB Ratio is 0.73, which is 35% below median its 10-year median of 1.13 and 36.8% below the Packaging & Containers industry median of 1.16. Thantawan Industry PCL's overall GF Score™ is 72/100 with 6 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 Thantawan Industry PCL (BKK:THIP-R), the current PB Ratio is 0.73 as of Jun. 24, 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 Thantawan Industry PCL (BKK:THIP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thantawan Industry PCL stock appears to be undervalued.
The current stock price of ฿23.00 is trading 37.4% below its estimated GF Value™ of ฿36.74.
Key valuation signals for BKK:THIP-R:
PB Ratio: 0.73 (35% below median its 10-year median of 1.13)
GF Value™: ฿36.74 vs. price of ฿23.00 (37.4% below fair value)
Industry Position: 36.8% below the Packaging & Containers median (#99 of 388)
No single metric tells the full story. See the BKK:THIP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The Group manufactures and sells plastic products, which are divided into two main products: plastic bags and straw products. Other products are Zipper tape and resin scrap, etc. Key revenue is generated from Plastic bag. The geographical area of its operation is Thailand and Vietnam.
72GF Score
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