Dhipaya Group Holdings PCL (BKK:TIPH) PB Ratio: 1.45 (As of Sep. 10, 2026) — 29% Below Median

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:TIPH Dhipaya Group Holdings PCL BKK:TIPH
85 GF Score
Price ฿24.80
GF Value ฿24.56
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Dhipaya Group Holdings PCL PB Ratio?

Dhipaya Group Holdings PCL BKK:TIPH -2.75% 85 PB Ratio is 1.45 as of Sep. 10, 2026, which is 29% below its 10-year median of 2.05. GuruFocus rates BKK:TIPH with a GF Score™ of 85/100 and a GF Value™ of ฿24.56 (Fairly Valued). The stock has 8 warning signs investors should review. Among 494 Insurance companies, Dhipaya Group Holdings PCL ranks worse than 52.83% 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 (2026-09-10), Dhipaya Group Holdings PCL's share price is ฿24.80. Dhipaya Group Holdings PCL's Book Value per Share for the quarter that ended in Jun. 2026 was ฿17.10. Hence, Dhipaya Group Holdings PCL's PB Ratio of today is 1.45.

The historical rank and industry rank for Dhipaya Group Holdings PCL's PB Ratio or its related term are showing as below:

BKK:TIPH' s PB Ratio Range Over the Past 10 Years
Min: 1.24   Med: 2.05   Max: 5.43
Current: 1.45

During the past 6 years, Dhipaya Group Holdings PCL's highest PB Ratio was 5.43. The lowest was 1.24. And the median was 2.05.

BKK:TIPH's PB Ratio is ranked worse than
52.83% of 494 companies
in the Insurance industry
Industry Median: 1.395 vs BKK:TIPH: 1.45

During the past 12 months, Dhipaya Group Holdings PCL's average Book Value Per Share Growth Rate was 40.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 0.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -0.40% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Dhipaya Group Holdings PCL was 0.60% per year. The lowest was -5.70% per year. And the median was -2.90% per year.

Back to Basics: PB Ratio


Dhipaya Group Holdings PCL  (BKK:TIPH) 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.


Dhipaya Group Holdings PCL PB Ratio Related Terms


Dhipaya Group Holdings PCL PB Ratio Historical Data

* Premium members only.

The historical data trend for Dhipaya Group Holdings 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.

Dhipaya Group Holdings PCL PB Ratio Chart

Dhipaya Group Holdings PCL Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial 4.78 2.97 2.25 1.54 1.31

Dhipaya Group Holdings PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.46 1.42 1.31 1.26 1.29

BKK:TIPH vs BRK.A, AIG, HIG: PB Ratio Comparison

For the Insurance - Diversified subindustry, Dhipaya Group Holdings 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.


Dhipaya Group Holdings PCL PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Dhipaya Group Holdings PCL's PB Ratio distribution charts can be found below:

* The bar in red indicates where Dhipaya Group Holdings PCL's PB Ratio falls into.


BKK:TIPH
85GF Score
Dhipaya Group Holdings PCL BKK:TIPH
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dhipaya Group Holdings 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.

Dhipaya Group Holdings PCL's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Jun. 2026)
=24.80/17.098
=1.45

* 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 1.45 mean?
Dhipaya Group Holdings PCL (BKK:TIPH) has a PB Ratio of 1.45 as of Sep. 10, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Dhipaya Group Holdings PCL and its competitors. This is 29% below median its historical median of 2.05. Over the past decade, Dhipaya Group Holdings PCL's PB Ratio has ranged from 1.24 to 5.43. According to the industry distribution chart, Dhipaya Group Holdings PCL ranks #261 out of 494 companies in the Insurance industry, placing it in the top 52.8%.
Is Dhipaya Group Holdings PCL's PB Ratio too high?
Dhipaya Group Holdings PCL's current PB Ratio of 1.45 is 29% below median its 10-year median of 2.05. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 5.43. The Insurance industry median PB Ratio is 1.40. Dhipaya Group Holdings PCL's value of 1.45 is 3.9% above this industry median. Based on the distribution chart, Dhipaya Group Holdings PCL ranks #261 out of 494 companies in the Insurance industry, which is below the industry midpoint. Overall, Dhipaya Group Holdings PCL has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dhipaya Group Holdings PCL's PB Ratio compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Dhipaya Group Holdings PCL ranks #261 out of 494 companies for PB Ratio. This places Dhipaya Group Holdings PCL in the lower half of its industry. The industry median PB Ratio is 1.40. Dhipaya Group Holdings PCL's value of 1.45 is 3.9% above this benchmark. Historically, Dhipaya Group Holdings PCL's own PB Ratio has ranged from 1.24 to 5.43 over the past decade. While the company's 10-year median is 2.05 vs. the industry median of 1.40, Dhipaya Group Holdings 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 Insurance company?
The median PB Ratio among Insurance companies is 1.40, based on 494 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. Dhipaya Group Holdings PCL's current PB Ratio of 1.45 is 3.9% 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 Dhipaya Group Holdings PCL and its competitors. For the Insurance industry, the median PB Ratio is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dhipaya Group Holdings PCL's current PB Ratio is 1.45, which is 29% below median its own 10-year median of 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dhipaya Group Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, Dhipaya Group Holdings PCL (BKK:TIPH) is currently considered Fairly Valued. The stock's GF Value™ is ฿24.56, compared to a current price of ฿24.80 — trading 1% above its estimated fair value. The current PB Ratio is 1.45, which is 29% below median its 10-year median of 2.05 and 3.9% above the Insurance industry median of 1.40. Dhipaya Group Holdings PCL's overall GF Score™ is 85/100 with 8 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 Dhipaya Group Holdings PCL (BKK:TIPH), the current PB Ratio is 1.45 as of Sep. 10, 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 Dhipaya Group Holdings PCL (BKK:TIPH) Overvalued in 2026?

Based on GuruFocus' analysis, Dhipaya Group Holdings PCL stock appears to be overvalued. The current stock price of ฿24.80 is trading 1% above its estimated GF Value™ of ฿24.56. GuruFocus considers Dhipaya Group Holdings PCL to be Fairly Valued.

Key valuation signals for BKK:TIPH:

  • PB Ratio: 1.45 (29% below median its 10-year median of 2.05)
  • GF Value™: ฿24.56 vs. price of ฿24.80 (1% above fair value)
  • GF Score™: 85/100 with 8 warning signs
  • Industry Position: 3.9% above the Insurance median (#261 of 494)

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


Dhipaya Group Holdings PCL Business Description

Other Exchanges TIPH-R:Thailand
Address 1115 Rama 3 Road, Chong Nonsri, Yannawa, Bangkok, THA, 10120
Dhipaya Group Holdings PCL engaged in the business of holding investments in other companies. The company's operations are organized into three business segments: non-life insurance, investment, and insurance-supported business. It generates the majority of its revenue from the non-life insurance segment.
85GF Score

Get the complete analysis for BKK:TIPH

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

฿24.80
Price
฿24.56
GF Value