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Chai Watana Tannery Group PCLBKK:CWT +5.21%35 PB Ratio is 0.37 as of Jul. 16, 2026, which is 65% below its 10-year median of 1.05. GuruFocus rates BKK:CWT with a GF Score™ of 35/100 and a GF Value™ of ฿0.88 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 549 Conglomerates companies, Chai Watana Tannery Group PCL ranks better than 86.52% on this metric.
The historical rank and industry rank for Chai Watana Tannery Group PCL's PB Ratio or its related term are showing as below:
BKK:CWT'
s PB Ratio Range Over the Past 10 Years
Min: 0.18 Med: 1.05 Max: 2.52
Current: 0.36
During the past 13 years, Chai Watana Tannery Group PCL's highest PB Ratio was 2.52. The lowest was 0.18. And the median was 1.05.
BKK:CWT's PB Ratio is ranked better than 86.52% of 549
companies
in the Conglomerates industry
Industry Median: 1.05
vs BKK:CWT: 0.36
During the past 12 months, Chai Watana Tannery Group PCL's average Book Value Per Share Growth Rate was -2.00% 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 2.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 4.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Chai Watana Tannery Group PCL was 17.60% per year. The lowest was -22.70% per year. And the median was 2.30% per year.
Back to Basics: PB Ratio
Chai Watana Tannery Group PCL (BKK:CWT) 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.
Chai Watana Tannery Group PCL PB Ratio Related Terms
Chai Watana Tannery Group 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 Conglomerates subindustry, Chai Watana Tannery Group 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.
Chai Watana Tannery Group PCL PB Ratio vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Chai Watana Tannery Group PCL's PB Ratio distribution charts can be found below:
* The bar in red indicates where Chai Watana Tannery Group PCL's PB Ratio falls into.
Chai Watana Tannery Group 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.
* 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.
Chai Watana Tannery Group PCL (BKK:CWT) has a PB Ratio of 0.37 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Chai Watana Tannery Group PCL and its competitors. This is 65% below median its historical median of 1.05. Over the past decade, Chai Watana Tannery Group PCL's PB Ratio has ranged from 0.18 to 2.52. According to the industry distribution chart, Chai Watana Tannery Group PCL ranks #74 out of 549 companies in the Conglomerates industry, placing it in the top 13.5%.
Is Chai Watana Tannery Group PCL's PB Ratio too high?
Chai Watana Tannery Group PCL's current PB Ratio of 0.37 is 65% below median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 2.52. The Conglomerates industry median PB Ratio is 1.05. Chai Watana Tannery Group PCL's value of 0.37 is 64.8% below this industry median. Based on the distribution chart, Chai Watana Tannery Group PCL ranks #74 out of 549 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Chai Watana Tannery Group PCL has a GF Score™ of 35/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chai Watana Tannery Group PCL's PB Ratio compare to ORLY and AZO?
According to the Conglomerates industry distribution chart, Chai Watana Tannery Group PCL ranks #74 out of 549 companies for PB Ratio. This places Chai Watana Tannery Group PCL in the top 14% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.05. Chai Watana Tannery Group PCL's value of 0.37 is 64.8% below this benchmark. Historically, Chai Watana Tannery Group PCL's own PB Ratio has ranged from 0.18 to 2.52 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 1.05, Chai Watana Tannery Group 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 Conglomerates company?
The median PB Ratio among Conglomerates companies is 1.05, based on 549 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. Chai Watana Tannery Group PCL's current PB Ratio of 0.37 is 64.8% 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 Chai Watana Tannery Group PCL and its competitors. For the Conglomerates industry, the median PB Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chai Watana Tannery Group PCL's current PB Ratio is 0.37, which is 65% below median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chai Watana Tannery Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Chai Watana Tannery Group PCL (BKK:CWT) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.88, compared to a current price of ฿1.01 — trading 14.8% above its estimated fair value. The current PB Ratio is 0.37, which is 65% below median its 10-year median of 1.05 and 64.8% below the Conglomerates industry median of 1.05. Chai Watana Tannery Group PCL's overall GF Score™ is 35/100 with 5 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 Chai Watana Tannery Group PCL (BKK:CWT), the current PB Ratio is 0.37 as of Jul. 16, 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 Chai Watana Tannery Group PCL (BKK:CWT) Overvalued in 2026?
Based on GuruFocus' analysis, Chai Watana Tannery Group PCL stock appears to be overvalued.
The current stock price of ฿1.01 is trading 14.8% above its estimated GF Value™ of ฿0.88.
GuruFocus considers Chai Watana Tannery Group PCL to be Modestly Overvalued.
Key valuation signals for BKK:CWT:
PB Ratio: 0.37 (65% below median its 10-year median of 1.05)
GF Value™: ฿0.88 vs. price of ฿1.01 (14.8% above fair value)
Industry Position: 64.8% below the Conglomerates median (#74 of 549)
No single metric tells the full story. See the BKK:CWT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chai Watana Tannery Group PCL Business Description
Chai Watana Tannery Group PCL is a Thailand-based company engaged in diversified operations. The group operates through six reportable segments: Tannery Hide, Automotive Leather Cutting, Dog Chewable Toys, Furniture, Renewable Energy, and Design and Distribution of Aluminum Boats and Mini Buses. It generates the majority of its revenue from the Automotive Leather Cutting segment.
35GF Score
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