Thai BeverageTBVPF 60 PB Ratio is 1.83 as of Jul. 03, 2026, which is 32% below its 10-year median of 2.69. GuruFocus rates TBVPF with a GF Score™ of 60/100 and a GF Value™ of $0.40 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 205 Beverages - Alcoholic companies, Thai Beverage ranks worse than 57.07% 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 (2026-07-03), Thai Beverage's share price is $0.33575. Thai Beverage's Book Value per Share for the quarter that ended in Mar. 2026 was $0.18. Hence, Thai Beverage's PB Ratio of today is 1.83.
The historical rank and industry rank for Thai Beverage's PB Ratio or its related term are showing as below:
TBVPF'
s PB Ratio Range Over the Past 10 Years
Min: 1.45 Med: 2.69 Max: 5.72
Current: 1.87
During the past 13 years, Thai Beverage's highest PB Ratio was 5.72. The lowest was 1.45. And the median was 2.69.
TBVPF's PB Ratio is ranked worse than 57.07% of 205
companies
in the Beverages - Alcoholic industry
Industry Median: 1.67
vs TBVPF: 1.87
During the past 12 months, Thai Beverage's average Book Value Per Share Growth Rate was -1.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -10.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -2.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 4.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Thai Beverage was 18.20% per year. The lowest was -10.30% per year. And the median was 9.45% 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.
Thai Beverage PB Ratio Related Terms
Thai Beverage PB Ratio Historical Data
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The historical data trend for Thai Beverage'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 Beverages - Wineries & Distilleries subindustry, Thai Beverage'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.
Thai Beverage PB Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Thai Beverage's PB Ratio distribution charts can be found below:
* The bar in red indicates where Thai Beverage'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.
Thai Beverage's PB Ratio for today is calculated as follows:
* 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.
Thai Beverage (TBVPF) has a PB Ratio of 1.83 as of Jul. 03, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Thai Beverage and its competitors. This is 32% below median its historical median of 2.69. Over the past decade, Thai Beverage's PB Ratio has ranged from 1.45 to 5.72. According to the industry distribution chart, Thai Beverage ranks #117 out of 205 companies in the Beverages - Alcoholic industry, placing it in the top 57.1%.
Is Thai Beverage's PB Ratio too high?
Thai Beverage's current PB Ratio of 1.83 is 32% below median its 10-year median of 2.69. Over the past 10 years, this metric has ranged from a low of 1.45 to a high of 5.72. The Beverages - Alcoholic industry median PB Ratio is 1.67. Thai Beverage's value of 1.83 is 9.6% above this industry median. Based on the distribution chart, Thai Beverage ranks #117 out of 205 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Thai Beverage has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Beverage's PB Ratio compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Thai Beverage ranks #117 out of 205 companies for PB Ratio. This places Thai Beverage in the lower half of its industry. The industry median PB Ratio is 1.67. Thai Beverage's value of 1.83 is 9.6% above this benchmark. Historically, Thai Beverage's own PB Ratio has ranged from 1.45 to 5.72 over the past decade. While the company's 10-year median is 2.69 vs. the industry median of 1.67, Thai Beverage 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 a Beverages - Alcoholic company?
The median PB Ratio among Beverages - Alcoholic companies is 1.67, based on 205 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. Thai Beverage's current PB Ratio of 1.83 is 9.6% 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 Thai Beverage and its competitors. For the Beverages - Alcoholic industry, the median PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Beverage's current PB Ratio is 1.83, which is 32% below median its own 10-year median of 2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Beverage stock overvalued right now?
Based on GuruFocus' analysis, Thai Beverage (TBVPF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.40, compared to a current price of $0.34 — trading 16.1% below its estimated fair value. The current PB Ratio is 1.83, which is 32% below median its 10-year median of 2.69 and 9.6% above the Beverages - Alcoholic industry median of 1.67. Thai Beverage's overall GF Score™ is 60/100 with 3 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 Thai Beverage (TBVPF), the current PB Ratio is 1.83 as of Jul. 03, 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 Thai Beverage (TBVPF) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Beverage stock appears to be undervalued.
The current stock price of $0.34 is trading 16.1% below its estimated GF Value™ of $0.40.
GuruFocus considers Thai Beverage to be Modestly Undervalued.
Key valuation signals for TBVPF:
PB Ratio: 1.83 (32% below median its 10-year median of 2.69)
GF Value™: $0.40 vs. price of $0.34 (16.1% below fair value)
Industry Position: 9.6% above the Beverages - Alcoholic median (#117 of 205)
No single metric tells the full story. See the TBVPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Beverage PLC is a Thailand-based company engaged in producing and distributing alcoholic and non-alcoholic beverages and food. The company's operating segments include Spirits; production and sales of branded spirits products and soda. Beer: production and sales of raw materials, branded beer products, Chang soda and Chang water. Non-alcoholic beverages: production and sales of branded water, ready-to-drink coffee, energy drink, green tea, fruit flavored drinks and dairy products. Food: restaurants and distribution of food and beverages; and Others: publishing and printing. Key revenue is generated from Beer. It operates in Thailand, which generates the majority of revenue, Vietnam, Malaysia, Myanmar, Singapore and others.
60GF Score
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