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Thai Vegetable Oil PCLBKK:TVO 82 PB Ratio is 1.97 as of Aug. 02, 2026, which is 22% below its 10-year median of 2.52. GuruFocus rates BKK:TVO with a GF Score™ of 82/100 and a GF Value™ of ฿20.99 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,898 Consumer Packaged Goods companies, Thai Vegetable Oil PCL ranks worse than 66.12% on this metric.
The historical rank and industry rank for Thai Vegetable Oil PCL's PB Ratio or its related term are showing as below:
BKK:TVO'
s PB Ratio Range Over the Past 10 Years
Min: 1.59 Med: 2.52 Max: 4.23
Current: 1.97
During the past 13 years, Thai Vegetable Oil PCL's highest PB Ratio was 4.23. The lowest was 1.59. And the median was 2.52.
BKK:TVO's PB Ratio is ranked worse than 66.12% of 1898
companies
in the Consumer Packaged Goods industry
Industry Median: 1.36
vs BKK:TVO: 1.97
During the past 12 months, Thai Vegetable Oil PCL's average Book Value Per Share Growth Rate was 7.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Thai Vegetable Oil PCL was 19.50% per year. The lowest was 0.50% per year. And the median was 4.70% 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.
* 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 Packaged Foods subindustry, Thai Vegetable Oil 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 Vegetable Oil PCL PB Ratio vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Vegetable Oil PCL's PB Ratio distribution charts can be found below:
* The bar in red indicates where Thai Vegetable Oil 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 Vegetable Oil PCL (BKK:TVO) has a PB Ratio of 1.97 as of Aug. 02, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Thai Vegetable Oil PCL and its competitors. This is 22% below median its historical median of 2.52. Over the past decade, Thai Vegetable Oil PCL's PB Ratio has ranged from 1.59 to 4.23. According to the industry distribution chart, Thai Vegetable Oil PCL ranks #1255 out of 1898 companies in the Consumer Packaged Goods industry, placing it in the top 66.1%.
Is Thai Vegetable Oil PCL's PB Ratio too high?
Thai Vegetable Oil PCL's current PB Ratio of 1.97 is 22% below median its 10-year median of 2.52. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 4.23. The Consumer Packaged Goods industry median PB Ratio is 1.36. Thai Vegetable Oil PCL's value of 1.97 is 44.9% above this industry median. Based on the distribution chart, Thai Vegetable Oil PCL ranks #1255 out of 1898 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Thai Vegetable Oil PCL has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Vegetable Oil PCL's PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Thai Vegetable Oil PCL ranks #1255 out of 1898 companies for PB Ratio. This places Thai Vegetable Oil PCL in the lower half of its industry. The industry median PB Ratio is 1.36. Thai Vegetable Oil PCL's value of 1.97 is 44.9% above this benchmark. Historically, Thai Vegetable Oil PCL's own PB Ratio has ranged from 1.59 to 4.23 over the past decade. While the company's 10-year median is 2.52 vs. the industry median of 1.36, Thai Vegetable Oil 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 a Consumer Packaged Goods company?
The median PB Ratio among Consumer Packaged Goods companies is 1.36, based on 1,898 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 Vegetable Oil PCL's current PB Ratio of 1.97 is 44.9% 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 Thai Vegetable Oil PCL and its competitors. For the Consumer Packaged Goods industry, the median PB Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Vegetable Oil PCL's current PB Ratio is 1.97, which is 22% below median its own 10-year median of 2.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Vegetable Oil PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Vegetable Oil PCL (BKK:TVO) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿20.99, compared to a current price of ฿27.25 — trading 29.8% above its estimated fair value. The current PB Ratio is 1.97, which is 22% below median its 10-year median of 2.52 and 44.9% above the Consumer Packaged Goods industry median of 1.36. Thai Vegetable Oil PCL's overall GF Score™ is 82/100 with 6 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 Thai Vegetable Oil PCL (BKK:TVO), the current PB Ratio is 1.97 as of Aug. 02, 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 Thai Vegetable Oil PCL (BKK:TVO) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Vegetable Oil PCL stock appears to be overvalued.
The current stock price of ฿27.25 is trading 29.8% above its estimated GF Value™ of ฿20.99.
GuruFocus considers Thai Vegetable Oil PCL to be Modestly Overvalued.
Key valuation signals for BKK:TVO:
PB Ratio: 1.97 (22% below median its 10-year median of 2.52)
GF Value™: ฿20.99 vs. price of ฿27.25 (29.8% above fair value)
Industry Position: 44.9% above the Consumer Packaged Goods median (#1255 of 1898)
No single metric tells the full story. See the BKK:TVO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Vegetable Oil PCL is engaged in the manufacture and distribution of soy meal and soybean oil. The company has three reportable segments, namely, the manufacture and distribution of products from the soybean segment, which derives key revenue and is engaged in the manufacturing and distribution of soy meal and soybean oil; the manufacture and distribution of packaging products; and the Other segment, which is the distribution of consumer products. The company operates in Thailand only.
82GF Score
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