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Trinity Watthana PCLBKK:TNITY +1.63%55 PB Ratio is 0.41 as of Jul. 18, 2026, which is 43% below its 10-year median of 0.72. GuruFocus rates BKK:TNITY with a GF Score™ of 55/100 and a GF Value™ of ฿2.95 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 777 Capital Markets companies, Trinity Watthana PCL ranks better than 87.26% on this metric.
The historical rank and industry rank for Trinity Watthana PCL's PB Ratio or its related term are showing as below:
BKK:TNITY'
s PB Ratio Range Over the Past 10 Years
Min: 0.32 Med: 0.72 Max: 2.04
Current: 0.41
During the past 13 years, Trinity Watthana PCL's highest PB Ratio was 2.04. The lowest was 0.32. And the median was 0.72.
BKK:TNITY's PB Ratio is ranked better than 87.26% of 777
companies
in the Capital Markets industry
Industry Median: 1.34
vs BKK:TNITY: 0.41
During the past 12 months, Trinity Watthana PCL's average Book Value Per Share Growth Rate was -6.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -9.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -6.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -2.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Trinity Watthana PCL was 72.20% per year. The lowest was -9.30% per year. And the median was 0.80% per year.
Back to Basics: PB Ratio
Trinity Watthana PCL (BKK:TNITY) 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.
Trinity Watthana PCL PB Ratio Related Terms
Trinity Watthana PCL PB Ratio Historical Data
* Premium members only.
The historical data trend for Trinity Watthana 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 Capital Markets subindustry, Trinity Watthana 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.
Trinity Watthana PCL PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Trinity Watthana PCL's PB Ratio distribution charts can be found below:
* The bar in red indicates where Trinity Watthana 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.
Trinity Watthana PCL (BKK:TNITY) has a PB Ratio of 0.41 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Trinity Watthana PCL and its competitors. This is 43% below median its historical median of 0.72. Over the past decade, Trinity Watthana PCL's PB Ratio has ranged from 0.32 to 2.04. According to the industry distribution chart, Trinity Watthana PCL ranks #99 out of 777 companies in the Capital Markets industry, placing it in the top 12.7%.
Is Trinity Watthana PCL's PB Ratio too high?
Trinity Watthana PCL's current PB Ratio of 0.41 is 43% below median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 2.04. The Capital Markets industry median PB Ratio is 1.34. Trinity Watthana PCL's value of 0.41 is 69.4% below this industry median. Based on the distribution chart, Trinity Watthana PCL ranks #99 out of 777 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Trinity Watthana PCL has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trinity Watthana PCL's PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Trinity Watthana PCL ranks #99 out of 777 companies for PB Ratio. This places Trinity Watthana PCL in the top 13% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.34. Trinity Watthana PCL's value of 0.41 is 69.4% below this benchmark. Historically, Trinity Watthana PCL's own PB Ratio has ranged from 0.32 to 2.04 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 1.34, Trinity Watthana 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 Capital Markets company?
The median PB Ratio among Capital Markets companies is 1.34, based on 777 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. Trinity Watthana PCL's current PB Ratio of 0.41 is 69.4% 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 Trinity Watthana PCL and its competitors. For the Capital Markets industry, the median PB Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trinity Watthana PCL's current PB Ratio is 0.41, which is 43% below median its own 10-year median of 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trinity Watthana PCL stock overvalued right now?
Based on GuruFocus' analysis, Trinity Watthana PCL (BKK:TNITY) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.95, compared to a current price of ฿2.50 — trading 15.3% below its estimated fair value. The current PB Ratio is 0.41, which is 43% below median its 10-year median of 0.72 and 69.4% below the Capital Markets industry median of 1.34. Trinity Watthana PCL's overall GF Score™ is 55/100 with 4 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 Trinity Watthana PCL (BKK:TNITY), the current PB Ratio is 0.41 as of Jul. 18, 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 Trinity Watthana PCL (BKK:TNITY) Overvalued in 2026?
Based on GuruFocus' analysis, Trinity Watthana PCL stock appears to be undervalued.
The current stock price of ฿2.50 is trading 15.3% below its estimated GF Value™ of ฿2.95.
GuruFocus considers Trinity Watthana PCL to be Modestly Undervalued.
Key valuation signals for BKK:TNITY:
PB Ratio: 0.41 (43% below median its 10-year median of 0.72)
GF Value™: ฿2.95 vs. price of ฿2.50 (15.3% below fair value)
Industry Position: 69.4% below the Capital Markets median (#99 of 777)
No single metric tells the full story. See the BKK:TNITY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trinity Watthana PCL is principally engaged in investments in other companies, listed companies and derivatives, and lending. The firm and its subsidiaries are organized into two principal business segments based on their products and services: the Securities and derivatives business, which is the key revenue-generating segment, and the Financial advisory and investment banking business. It is engaged in the securities business, including securities brokerage, securities trading, investment advisory, securities underwriting, securities borrowing and lending, private fund asset management, financial advisory, and derivatives agent.
55GF Score
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