BKK:MST-R'
s PB Ratio Range Over the Past 10 Years
Min: 0.56 Med: 1.27 Max: 2.79
Current: 0.78
During the past 13 years, Maybank Securities (Thailand) PCL's highest PB Ratio was 2.79. The lowest was 0.56. And the median was 1.27.
BKK:MST-R's PB Ratio is ranked better than 71.72% of 778
companies
in the Capital Markets industry
Industry Median: 1.31
vs BKK:MST-R: 0.78
During the past 12 months, Maybank Securities (Thailand) PCL's average Book Value Per Share Growth Rate was 1.10% 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 1.80% 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 Maybank Securities (Thailand) PCL was 5.60% per year. The lowest was -4.60% per year. And the median was 1.50% per year.
Back to Basics: PB Ratio
Maybank Securities (Thailand) PCL (BKK:MST-R) 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.
Maybank Securities (Thailand) PCL PB Ratio Related Terms
Maybank Securities (Thailand) 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, Maybank Securities (Thailand) 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.
Maybank Securities (Thailand) PCL PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Maybank Securities (Thailand) PCL's PB Ratio distribution charts can be found below:
* The bar in red indicates where Maybank Securities (Thailand) PCL's PB Ratio falls into.
Maybank Securities (Thailand) 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.
Maybank Securities (Thailand) PCL (BKK:MST-R) has a PB Ratio of 0.74 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Maybank Securities (Thailand) PCL and its competitors. This is 42% below median its historical median of 1.27. Over the past decade, Maybank Securities (Thailand) PCL's PB Ratio has ranged from 0.56 to 2.79. According to the industry distribution chart, Maybank Securities (Thailand) PCL ranks #220 out of 778 companies in the Capital Markets industry, placing it in the top 28.3%.
Is Maybank Securities (Thailand) PCL's PB Ratio too high?
Maybank Securities (Thailand) PCL's current PB Ratio of 0.74 is 42% below median its 10-year median of 1.27. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 2.79. The Capital Markets industry median PB Ratio is 1.31. Maybank Securities (Thailand) PCL's value of 0.74 is 43.5% below this industry median. Based on the distribution chart, Maybank Securities (Thailand) PCL ranks #220 out of 778 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Maybank Securities (Thailand) PCL has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Maybank Securities (Thailand) PCL's PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Maybank Securities (Thailand) PCL ranks #220 out of 778 companies for PB Ratio. This puts Maybank Securities (Thailand) PCL in the upper half of its industry. The industry median PB Ratio is 1.31. Maybank Securities (Thailand) PCL's value of 0.74 is 43.5% below this benchmark. Historically, Maybank Securities (Thailand) PCL's own PB Ratio has ranged from 0.56 to 2.79 over the past decade. While the company's 10-year median is 1.27 vs. the industry median of 1.31, Maybank Securities (Thailand) 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 1.31, based on 778 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. Maybank Securities (Thailand) PCL's current PB Ratio of 0.74 is 43.5% 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 Maybank Securities (Thailand) PCL and its competitors. For the Capital Markets industry, the median PB Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maybank Securities (Thailand) PCL's current PB Ratio is 0.74, which is 42% below median its own 10-year median of 1.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maybank Securities (Thailand) PCL stock overvalued right now?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a current PB Ratio of 0.74. The stock's GF Value™ is ฿6.44, compared to a current price of ฿6.85 — trading 6.4% above its estimated fair value. The current PB Ratio is 0.74, which is 42% below median its 10-year median of 1.27 and 43.5% below the Capital Markets industry median of 1.31. Maybank Securities (Thailand) PCL's overall GF Score™ is 59/100 with 7 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 Maybank Securities (Thailand) PCL (BKK:MST-R), the current PB Ratio is 0.74 as of Jun. 24, 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 Maybank Securities (Thailand) PCL (BKK:MST-R) Overvalued in 2026?
Based on GuruFocus' analysis, Maybank Securities (Thailand) PCL stock appears to be overvalued.
The current stock price of ฿6.85 is trading 6.4% above its estimated GF Value™ of ฿6.44.
Key valuation signals for BKK:MST-R:
PB Ratio: 0.74 (42% below median its 10-year median of 1.27)
GF Value™: ฿6.44 vs. price of ฿6.85 (6.4% above fair value)
Industry Position: 43.5% below the Capital Markets median (#220 of 778)
No single metric tells the full story. See the BKK:MST-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maybank Securities (Thailand) PCL Business Description
Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which also generates key revenue, provides services like securities brokering, derivative brokering, securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing and lending, and corporate finance advisory services.
59GF Score
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