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TQM Alpha PCLBKK:TQM -1.78%90 PB Ratio is 3.20 as of Jul. 23, 2026, which is 53% below its 10-year median of 6.80. GuruFocus rates BKK:TQM with a GF Score™ of 90/100 and a GF Value™ of ฿24.36 (Significantly Undervalued). The stock has 11 warning signs investors should review. Among 497 Insurance companies, TQM Alpha PCL ranks worse than 85.11% on this metric.
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. As of today (2026-07-23), TQM Alpha PCL's share price is ฿16.60. TQM Alpha PCL's Book Value per Share for the quarter that ended in Mar. 2026 was ฿5.19. Hence, TQM Alpha PCL's PB Ratio of today is 3.20.
Warning Sign:
TQM Alpha PCL stock PB Ratio (=3.12) is close to 1-year high of 3.15.
The historical rank and industry rank for TQM Alpha PCL's PB Ratio or its related term are showing as below:
BKK:TQM'
s PB Ratio Range Over the Past 10 Years
Min: 2.31 Med: 6.8 Max: 18.33
Current: 3.19
During the past 12 years, TQM Alpha PCL's highest PB Ratio was 18.33. The lowest was 2.31. And the median was 6.80.
BKK:TQM's PB Ratio is ranked worse than 85.11% of 497
companies
in the Insurance industry
Industry Median: 1.38
vs BKK:TQM: 3.19
During the past 12 months, TQM Alpha PCL's average Book Value Per Share Growth Rate was 1.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 53.50% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of TQM Alpha PCL was 755.90% per year. The lowest was 2.50% per year. And the median was 7.70% per year.
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.
TQM Alpha PCL PB Ratio Related Terms
TQM Alpha PCL PB Ratio Historical Data
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The historical data trend for TQM Alpha PCL's PB Ratio can be seen below:
* 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 Insurance Brokers subindustry, TQM Alpha 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.
TQM Alpha PCL PB Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, TQM Alpha PCL's PB Ratio distribution charts can be found below:
* The bar in red indicates where TQM Alpha 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.
TQM Alpha PCL's PB Ratio for today is calculated as follows:
* 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.
TQM Alpha PCL (BKK:TQM) has a PB Ratio of 3.20 as of Jul. 23, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on TQM Alpha PCL and its competitors. This is 53% below median its historical median of 6.80. Over the past decade, TQM Alpha PCL's PB Ratio has ranged from 2.31 to 18.33. According to the industry distribution chart, TQM Alpha PCL ranks #423 out of 497 companies in the Insurance industry, placing it in the top 85.1%.
Is TQM Alpha PCL's PB Ratio too high?
TQM Alpha PCL's current PB Ratio of 3.20 is 53% below median its 10-year median of 6.80. Over the past 10 years, this metric has ranged from a low of 2.31 to a high of 18.33. The Insurance industry median PB Ratio is 1.38. TQM Alpha PCL's value of 3.20 is 131.9% above this industry median. Based on the distribution chart, TQM Alpha PCL ranks #423 out of 497 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, TQM Alpha PCL has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TQM Alpha PCL's PB Ratio compare to MRSH and AON?
According to the Insurance industry distribution chart, TQM Alpha PCL ranks #423 out of 497 companies for PB Ratio. This places TQM Alpha PCL in the lower half of its industry. The industry median PB Ratio is 1.38. TQM Alpha PCL's value of 3.20 is 131.9% above this benchmark. Historically, TQM Alpha PCL's own PB Ratio has ranged from 2.31 to 18.33 over the past decade. While the company's 10-year median is 6.80 vs. the industry median of 1.38, TQM Alpha PCL has consistently been above 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 an Insurance company?
The median PB Ratio among Insurance companies is 1.38, based on 497 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. TQM Alpha PCL's current PB Ratio of 3.20 is 131.9% above 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 TQM Alpha PCL and its competitors. For the Insurance industry, the median PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TQM Alpha PCL's current PB Ratio is 3.20, which is 53% below median its own 10-year median of 6.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TQM Alpha PCL stock overvalued right now?
Based on GuruFocus' analysis, TQM Alpha PCL (BKK:TQM) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿24.36, compared to a current price of ฿16.60 — trading 31.9% below its estimated fair value. The current PB Ratio is 3.20, which is 53% below median its 10-year median of 6.80 and 131.9% above the Insurance industry median of 1.38. TQM Alpha PCL's overall GF Score™ is 90/100 with 11 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 TQM Alpha PCL (BKK:TQM), the current PB Ratio is 3.20 as of Jul. 23, 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 TQM Alpha PCL (BKK:TQM) Overvalued in 2026?
Based on GuruFocus' analysis, TQM Alpha PCL stock appears to be undervalued.
The current stock price of ฿16.60 is trading 31.9% below its estimated GF Value™ of ฿24.36.
GuruFocus considers TQM Alpha PCL to be Significantly Undervalued.
Key valuation signals for BKK:TQM:
PB Ratio: 3.20 (53% below median its 10-year median of 6.80)
GF Value™: ฿24.36 vs. price of ฿16.60 (31.9% below fair value)
Industry Position: 131.9% above the Insurance median (#423 of 497)
No single metric tells the full story. See the BKK:TQM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TQM Alpha PCL is engaged in investment in companies that are focused on non-life insurance brokers, life insurance brokers, reinsurance brokers, personal loans, and the provision of services as a manager, caregiver, collect benefits, and property management for related parties. It also provides procurement and consulting services for computer software and hardware.
90GF Score
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