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Vanachai Group PCLBKK:VNG 68 PB Ratio is 0.58 as of Jul. 24, 2026, which is 48% below its 10-year median of 1.11. GuruFocus rates BKK:VNG with a GF Score™ of 68/100 and a GF Value™ of ฿2.66 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 272 Forest Products companies, Vanachai Group PCL ranks better than 65.07% on this metric.
Vanachai Group PCL stock PB Ratio (=0.54) is close to 1-year high of 0.57.
The historical rank and industry rank for Vanachai Group PCL's PB Ratio or its related term are showing as below:
BKK:VNG'
s PB Ratio Range Over the Past 10 Years
Min: 0.43 Med: 1.11 Max: 3.56
Current: 0.58
During the past 13 years, Vanachai Group PCL's highest PB Ratio was 3.56. The lowest was 0.43. And the median was 1.11.
BKK:VNG's PB Ratio is ranked better than 65.07% of 272
companies
in the Forest Products industry
Industry Median: 0.79
vs BKK:VNG: 0.58
During the past 12 months, Vanachai Group PCL's average Book Value Per Share Growth Rate was -12.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -2.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Vanachai Group PCL was 11.40% per year. The lowest was -13.20% per year. And the median was 2.50% 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.
Vanachai Group PCL PB Ratio Related Terms
Vanachai Group PCL PB Ratio Historical Data
* Premium members only.
The historical data trend for Vanachai Group 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 Lumber & Wood Production subindustry, Vanachai Group 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.
Vanachai Group PCL PB Ratio vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Vanachai Group PCL's PB Ratio distribution charts can be found below:
* The bar in red indicates where Vanachai Group 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.
Vanachai Group PCL (BKK:VNG) has a PB Ratio of 0.58 as of Jul. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Vanachai Group PCL and its competitors. This is 48% below median its historical median of 1.11. Over the past decade, Vanachai Group PCL's PB Ratio has ranged from 0.43 to 3.56. According to the industry distribution chart, Vanachai Group PCL ranks #95 out of 272 companies in the Forest Products industry, placing it in the top 34.9%.
Is Vanachai Group PCL's PB Ratio too high?
Vanachai Group PCL's current PB Ratio of 0.58 is 48% below median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 3.56. The Forest Products industry median PB Ratio is 0.79. Vanachai Group PCL's value of 0.58 is 26.6% below this industry median. Based on the distribution chart, Vanachai Group PCL ranks #95 out of 272 companies in the Forest Products industry, which is above the industry midpoint. Overall, Vanachai Group PCL has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vanachai Group PCL's PB Ratio compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Vanachai Group PCL ranks #95 out of 272 companies for PB Ratio. This puts Vanachai Group PCL in the upper half of its industry. The industry median PB Ratio is 0.79. Vanachai Group PCL's value of 0.58 is 26.6% below this benchmark. Historically, Vanachai Group PCL's own PB Ratio has ranged from 0.43 to 3.56 over the past decade. While the company's 10-year median is 1.11 vs. the industry median of 0.79, Vanachai Group 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 Forest Products company?
The median PB Ratio among Forest Products companies is 0.79, based on 272 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. Vanachai Group PCL's current PB Ratio of 0.58 is 26.6% 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 Vanachai Group PCL and its competitors. For the Forest Products industry, the median PB Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vanachai Group PCL's current PB Ratio is 0.58, which is 48% below median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vanachai Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Vanachai Group PCL (BKK:VNG) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.66, compared to a current price of ฿2.16 — trading 18.8% below its estimated fair value. The current PB Ratio is 0.58, which is 48% below median its 10-year median of 1.11 and 26.6% below the Forest Products industry median of 0.79. Vanachai Group PCL's overall GF Score™ is 68/100 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 Vanachai Group PCL (BKK:VNG), the current PB Ratio is 0.58 as of Jul. 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 Vanachai Group PCL (BKK:VNG) Overvalued in 2026?
Based on GuruFocus' analysis, Vanachai Group PCL stock appears to be undervalued.
The current stock price of ฿2.16 is trading 18.8% below its estimated GF Value™ of ฿2.66.
GuruFocus considers Vanachai Group PCL to be Modestly Undervalued.
Key valuation signals for BKK:VNG:
PB Ratio: 0.58 (48% below median its 10-year median of 1.11)
GF Value™: ฿2.66 vs. price of ฿2.16 (18.8% below fair value)
Industry Position: 26.6% below the Forest Products median (#95 of 272)
No single metric tells the full story. See the BKK:VNG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vanachai Group PCL is a Thailand-based company. The principal activities of the company and its subsidiaries involve the production and distribution of wood plates, MDF boards, Particle boards, Doorskin, and Malamine on wood plates. The company creates wood-based goods such as particleboards, medium-density fiberboards (MDF boards), Doorskin, and melamine laminated particleboards, which are distributed to both domestic and international markets. It also sells finished products that include melamine doors, door frames, resins, formaldehyde adhesives, and finished flooring. The company generates the vast majority of its revenue in Thailand.
68GF Score
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