Asia Plus Group Holdings PCLBKK:ASP 69 PB Ratio is 0.90 as of Jun. 30, 2026, which is 27% below its 10-year median of 1.24. GuruFocus rates BKK:ASP with a GF Score™ of 69/100 and a GF Value™ of ฿2.20 (Fairly Valued). The stock has 6 warning signs investors should review. Among 782 Capital Markets companies, Asia Plus Group Holdings PCL ranks better than 66.88% on this metric.
Asia Plus Group Holdings PCL stock PB Ratio (=0.9) is close to 5-year low of 0.82.
The historical rank and industry rank for Asia Plus Group Holdings PCL's PB Ratio or its related term are showing as below:
BKK:ASP'
s PB Ratio Range Over the Past 10 Years
Min: 0.55 Med: 1.24 Max: 1.85
Current: 0.9
During the past 13 years, Asia Plus Group Holdings PCL's highest PB Ratio was 1.85. The lowest was 0.55. And the median was 1.24.
BKK:ASP's PB Ratio is ranked better than 66.88% of 782
companies
in the Capital Markets industry
Industry Median: 1.315
vs BKK:ASP: 0.90
During the past 12 months, Asia Plus Group Holdings PCL's average Book Value Per Share Growth Rate was 2.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 0.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Asia Plus Group Holdings PCL was 5.60% per year. The lowest was -55.00% per year. And the median was 1.40% per year.
Back to Basics: PB Ratio
Asia Plus Group Holdings PCL (BKK:ASP) 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.
Asia Plus Group Holdings PCL PB Ratio Related Terms
Asia Plus Group Holdings PCL PB Ratio Historical Data
* 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, Asia Plus 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.
Asia Plus Group Holdings PCL PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Asia Plus Group Holdings PCL's PB Ratio distribution charts can be found below:
* The bar in red indicates where Asia Plus Group Holdings 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.
Asia Plus Group Holdings PCL (BKK:ASP) has a PB Ratio of 0.90 as of Jun. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Asia Plus Group Holdings PCL and its competitors. This is 27% below median its historical median of 1.24. Over the past decade, Asia Plus Group Holdings PCL's PB Ratio has ranged from 0.55 to 1.85. According to the industry distribution chart, Asia Plus Group Holdings PCL ranks #259 out of 782 companies in the Capital Markets industry, placing it in the top 33.1%.
Is Asia Plus Group Holdings PCL's PB Ratio too high?
Asia Plus Group Holdings PCL's current PB Ratio of 0.90 is 27% below median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 1.85. The Capital Markets industry median PB Ratio is 1.32. Asia Plus Group Holdings PCL's value of 0.90 is 31.6% below this industry median. Based on the distribution chart, Asia Plus Group Holdings PCL ranks #259 out of 782 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Asia Plus Group Holdings PCL has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Plus Group Holdings PCL's PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Asia Plus Group Holdings PCL ranks #259 out of 782 companies for PB Ratio. This puts Asia Plus Group Holdings PCL in the upper half of its industry. The industry median PB Ratio is 1.32. Asia Plus Group Holdings PCL's value of 0.90 is 31.6% below this benchmark. Historically, Asia Plus Group Holdings PCL's own PB Ratio has ranged from 0.55 to 1.85 over the past decade. While the company's 10-year median is 1.24 vs. the industry median of 1.32, Asia Plus Group Holdings 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 1.32, based on 782 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. Asia Plus Group Holdings PCL's current PB Ratio of 0.90 is 31.6% 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 Asia Plus Group Holdings PCL and its competitors. For the Capital Markets industry, the median PB Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Plus Group Holdings PCL's current PB Ratio is 0.90, which is 27% below median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Plus Group Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Plus Group Holdings PCL (BKK:ASP) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.20, compared to a current price of ฿2.16 — trading 1.8% below its estimated fair value. The current PB Ratio is 0.90, which is 27% below median its 10-year median of 1.24 and 31.6% below the Capital Markets industry median of 1.32. Asia Plus Group Holdings PCL's overall GF Score™ is 69/100 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 Asia Plus Group Holdings PCL (BKK:ASP), the current PB Ratio is 0.90 as of Jun. 30, 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 Asia Plus Group Holdings PCL (BKK:ASP) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Plus Group Holdings PCL stock appears to be undervalued.
The current stock price of ฿2.16 is trading 1.8% below its estimated GF Value™ of ฿2.20.
GuruFocus considers Asia Plus Group Holdings PCL to be Fairly Valued.
Key valuation signals for BKK:ASP:
PB Ratio: 0.90 (27% below median its 10-year median of 1.24)
GF Value™: ฿2.20 vs. price of ฿2.16 (1.8% below fair value)
Industry Position: 31.6% below the Capital Markets median (#259 of 782)
No single metric tells the full story. See the BKK:ASP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Plus Group Holdings PCL is a Thailand-based company engaged in investing. It is involved in the business activities of securities brokerage, securities trading, investment advisory, underwriting, securities borrowing and lending, private fund management, mutual fund management, and venture capital management. All the business operations of the company are principally carried out in Thailand. The operating segments of the group are Securities and derivatives brokerage, Investment banking, Fund Management, Investment trading, and others. It generates the majority of its revenue from the Fund Management segment.
69GF Score
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