Thai-German Products PCLBKK:TGPRO PB Ratio is 0.09 as of Jul. 12, 2026, which is 73% below its 10-year median of 0.33. The stock has 4 warning signs investors should review. Among 609 Steel companies, Thai-German Products PCL ranks better than 99.67% on this metric.
Thai-German Products PCL stock PB Ratio (=0.09) is close to 10-year low of 0.09.
The historical rank and industry rank for Thai-German Products PCL's PB Ratio or its related term are showing as below:
BKK:TGPRO'
s PB Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.33 Max: 1.32
Current: 0.09
During the past 13 years, Thai-German Products PCL's highest PB Ratio was 1.32. The lowest was 0.09. And the median was 0.33.
BKK:TGPRO's PB Ratio is ranked better than 99.67% of 609
companies
in the Steel industry
Industry Median: 0.96
vs BKK:TGPRO: 0.09
During the past 12 months, Thai-German Products PCL's average Book Value Per Share Growth Rate was -8.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -9.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -5.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -3.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Thai-German Products PCL was 198.40% per year. The lowest was -73.80% per year. And the median was -2.25% per year.
Back to Basics: PB Ratio
Thai-German Products PCL (BKK:TGPRO) 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.
* 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 Steel subindustry, Thai-German Products 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.
Thai-German Products PCL PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Thai-German Products PCL's PB Ratio distribution charts can be found below:
* The bar in red indicates where Thai-German Products 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.
Thai-German Products PCL (BKK:TGPRO) has a PB Ratio of 0.09 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Thai-German Products PCL and its competitors. This is 73% below median its historical median of 0.33. Over the past decade, Thai-German Products PCL's PB Ratio has ranged from 0.09 to 1.32. According to the industry distribution chart, Thai-German Products PCL ranks #2 out of 609 companies in the Steel industry, placing it in the top 0.3%.
Is Thai-German Products PCL's PB Ratio too high?
Thai-German Products PCL's current PB Ratio of 0.09 is 73% below median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 1.32. The Steel industry median PB Ratio is 0.96. Thai-German Products PCL's value of 0.09 is 90.6% below this industry median. Based on the distribution chart, Thai-German Products PCL ranks #2 out of 609 companies in the Steel industry, which is in the top quartile — a strong position relative to peers.
How does Thai-German Products PCL's PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Thai-German Products PCL ranks #2 out of 609 companies for PB Ratio. This places Thai-German Products PCL in the top 0% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.96. Thai-German Products PCL's value of 0.09 is 90.6% below this benchmark. Historically, Thai-German Products PCL's own PB Ratio has ranged from 0.09 to 1.32 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 0.96, Thai-German Products 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 Steel company?
The median PB Ratio among Steel companies is 0.96, based on 609 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-German Products PCL's current PB Ratio of 0.09 is 90.6% 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 Thai-German Products PCL and its competitors. For the Steel industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai-German Products PCL's current PB Ratio is 0.09, which is 73% below 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 Thai-German Products PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai-German Products PCL (BKK:TGPRO) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.09, compared to a current price of ฿0.03 — trading 66.7% below its estimated fair value. The current PB Ratio is 0.09, which is 73% below median its 10-year median of 0.33 and 90.6% below the Steel industry median of 0.96. 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-German Products PCL (BKK:TGPRO), the current PB Ratio is 0.09 as of Jul. 12, 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.
Thai-German Products PCL is engaged in the business of manufacturing and distribution of stainless steel products such as pipe, axle, and other equipment, under trademark by TGPRO. It has four operating segments: the Stainless and service selling segment, which is the key revenue driver, includes steel pipes, steel sheets, steel shafts, and steel fittings; the Stereo sales segment sells stereo equipment, telephone equipment, and spare parts; an agriculture selling segment includes vegetables and seed; and Food sales Segment, which comprises of food sales, coffee and bakery shops, and steakhouse restaurants. It sells its product in Thailand and other countries, of which a majority of the revenue is generated from the Thailand market, and also has its presence in other countries.
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