Mfc-Nichada Thani Property Fund stock PB Ratio (=0.37) is close to 3-year low of 0.34.
The historical rank and industry rank for Mfc-Nichada Thani Property Fund's PB Ratio or its related term are showing as below:
BKK:MNIT'
s PB Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.33 Max: 0.47
Current: 0.38
During the past 13 years, Mfc-Nichada Thani Property Fund's highest PB Ratio was 0.47. The lowest was 0.17. And the median was 0.33.
BKK:MNIT's PB Ratio is ranked better than 91.37% of 927
companies
in the REITs industry
Industry Median: 0.86
vs BKK:MNIT: 0.38
During the past 12 months, Mfc-Nichada Thani Property Fund's average Book Value Per Share Growth Rate was 0.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mfc-Nichada Thani Property Fund was 0.70% per year. The lowest was -21.70% per year. And the median was -0.80% per year.
Back to Basics: PB Ratio
Mfc-Nichada Thani Property Fund (BKK:MNIT) 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.
Mfc-Nichada Thani Property Fund PB Ratio Related Terms
Mfc-Nichada Thani Property Fund 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 REIT - Residential subindustry, Mfc-Nichada Thani Property Fund'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.
Mfc-Nichada Thani Property Fund PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Mfc-Nichada Thani Property Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mfc-Nichada Thani Property Fund's PB Ratio falls into.
Mfc-Nichada Thani Property Fund 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.
Mfc-Nichada Thani Property Fund (BKK:MNIT) has a PB Ratio of 0.38 as of Jul. 08, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mfc-Nichada Thani Property Fund and its competitors. This is 15% above median its historical median of 0.33. Over the past decade, Mfc-Nichada Thani Property Fund's PB Ratio has ranged from 0.17 to 0.47. According to the industry distribution chart, Mfc-Nichada Thani Property Fund ranks #80 out of 927 companies in the REITs industry, placing it in the top 8.6%.
Is Mfc-Nichada Thani Property Fund's PB Ratio too high?
Mfc-Nichada Thani Property Fund's current PB Ratio of 0.38 is 15% above median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.47. The REITs industry median PB Ratio is 0.86. Mfc-Nichada Thani Property Fund's value of 0.38 is 55.8% below this industry median. Based on the distribution chart, Mfc-Nichada Thani Property Fund ranks #80 out of 927 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Mfc-Nichada Thani Property Fund has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mfc-Nichada Thani Property Fund's PB Ratio compare to AVB and EQR?
According to the REITs industry distribution chart, Mfc-Nichada Thani Property Fund ranks #80 out of 927 companies for PB Ratio. This places Mfc-Nichada Thani Property Fund in the top 9% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.86. Mfc-Nichada Thani Property Fund's value of 0.38 is 55.8% below this benchmark. Historically, Mfc-Nichada Thani Property Fund's own PB Ratio has ranged from 0.17 to 0.47 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 0.86, Mfc-Nichada Thani Property Fund 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 REITs company?
The median PB Ratio among REITs companies is 0.86, based on 927 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. Mfc-Nichada Thani Property Fund's current PB Ratio of 0.38 is 55.8% 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 Mfc-Nichada Thani Property Fund and its competitors. For the REITs industry, the median PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mfc-Nichada Thani Property Fund's current PB Ratio is 0.38, which is 15% above median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mfc-Nichada Thani Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Mfc-Nichada Thani Property Fund (BKK:MNIT) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.41, compared to a current price of ฿1.95 — trading 19.1% below its estimated fair value. The current PB Ratio is 0.38, which is 15% above median its 10-year median of 0.33 and 55.8% below the REITs industry median of 0.86. Mfc-Nichada Thani Property Fund's overall GF Score™ is 84/100 with 2 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 Mfc-Nichada Thani Property Fund (BKK:MNIT), the current PB Ratio is 0.38 as of Jul. 08, 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 Mfc-Nichada Thani Property Fund (BKK:MNIT) Overvalued in 2026?
Based on GuruFocus' analysis, Mfc-Nichada Thani Property Fund stock appears to be undervalued.
The current stock price of ฿1.95 is trading 19.1% below its estimated GF Value™ of ฿2.41.
GuruFocus considers Mfc-Nichada Thani Property Fund to be Modestly Undervalued.
Key valuation signals for BKK:MNIT:
PB Ratio: 0.38 (15% above median its 10-year median of 0.33)
GF Value™: ฿2.41 vs. price of ฿1.95 (19.1% below fair value)
Industry Position: 55.8% below the REITs median (#80 of 927)
No single metric tells the full story. See the BKK:MNIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mfc-Nichada Thani Property Fund Business Description
Mfc-Nichada Thani Property Fund is a close-ended property fund with no maturity date. The fund's objective is to use the proceeds from the sale of investment units to invest in properties for residential buildings including land and private houses for a living, which is in Amphur Pakkred, Nonthaburi. It operates under one segment namely Rental of Properties in Thailand.
84GF Score
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