Thac BA Hydropower JSCSTC:TBC 67 PB Ratio is 1.86 as of Jun. 29, 2026, which is 1% below its 10-year median of 1.87. GuruFocus rates STC:TBC with a GF Score™ of 67/100 and a GF Value™ of ₫43,993.51 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 431 Utilities - Independent Power Producers companies, Thac BA Hydropower JSC ranks worse than 63.11% on this metric.
During the past 12 months, Thac BA Hydropower JSC's average Book Value Per Share Growth Rate was 7.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Thac BA Hydropower JSC was 6.00% per year. The lowest was -2.60% per year. And the median was 3.00% per year.
Back to Basics: PB Ratio
Thac BA Hydropower JSC (STC:TBC) 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 Utilities - Independent Power Producers subindustry, Thac BA Hydropower JSC'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.
Thac BA Hydropower JSC PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Thac BA Hydropower JSC's PB Ratio distribution charts can be found below:
* The bar in red indicates where Thac BA Hydropower JSC'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.
Thac BA Hydropower JSC (STC:TBC) has a PB Ratio of 1.86 as of Jun. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Thac BA Hydropower JSC and its competitors. This is near median its historical median of 1.87. Over the past decade, Thac BA Hydropower JSC's PB Ratio has ranged from 1.44 to 2.61. According to the industry distribution chart, Thac BA Hydropower JSC ranks #272 out of 431 companies in the Utilities - Independent Power Producers industry, placing it in the top 63.1%.
Is Thac BA Hydropower JSC's PB Ratio too high?
Thac BA Hydropower JSC's current PB Ratio of 1.86 is near median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 1.44 to a high of 2.61. The Utilities - Independent Power Producers industry median PB Ratio is 1.33. Thac BA Hydropower JSC's value of 1.86 is 39.8% above this industry median. Based on the distribution chart, Thac BA Hydropower JSC ranks #272 out of 431 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Thac BA Hydropower JSC has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thac BA Hydropower JSC's PB Ratio compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Thac BA Hydropower JSC ranks #272 out of 431 companies for PB Ratio. This places Thac BA Hydropower JSC in the lower half of its industry. The industry median PB Ratio is 1.33. Thac BA Hydropower JSC's value of 1.86 is 39.8% above this benchmark. Historically, Thac BA Hydropower JSC's own PB Ratio has ranged from 1.44 to 2.61 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 1.33, Thac BA Hydropower JSC 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 Utilities - Independent Power Producers company?
The median PB Ratio among Utilities - Independent Power Producers companies is 1.33, based on 431 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. Thac BA Hydropower JSC's current PB Ratio of 1.86 is 39.8% 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 Thac BA Hydropower JSC and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thac BA Hydropower JSC's current PB Ratio is 1.86, which is near median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thac BA Hydropower JSC stock overvalued right now?
Based on GuruFocus' analysis, Thac BA Hydropower JSC (STC:TBC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫43,993.51, compared to a current price of ₫32,500.00 — trading 26.1% below its estimated fair value. The current PB Ratio is 1.86, which is near median its 10-year median of 1.87 and 39.8% above the Utilities - Independent Power Producers industry median of 1.33. Thac BA Hydropower JSC's overall GF Score™ is 67/100 with 3 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 Thac BA Hydropower JSC (STC:TBC), the current PB Ratio is 1.86 as of Jun. 29, 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 Thac BA Hydropower JSC (STC:TBC) Overvalued in 2026?
Based on GuruFocus' analysis, Thac BA Hydropower JSC stock appears to be undervalued.
The current stock price of ₫32,500.00 is trading 26.1% below its estimated GF Value™ of ₫43,993.51.
GuruFocus considers Thac BA Hydropower JSC to be Modestly Undervalued.
Key valuation signals for STC:TBC:
PB Ratio: 1.86 (near median its 10-year median of 1.87)
GF Value™: ₫43,993.51 vs. price of ₫32,500.00 (26.1% below fair value)
Industry Position: 39.8% above the Utilities - Independent Power Producers median (#272 of 431)
No single metric tells the full story. See the STC:TBC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thac BA Hydropower JSC is a Vietnam-based company involved in producing and trading electricity. It is also involved in the management, operation, repair, maintenance, overhaul, and renovation of hydraulic works, architectural works, equipment of hydropower plants, and transformer stations. The other business activities of the organization are Testing and adjusting electrical equipment; Purchase and sale, import and export of materials and equipment; Consultancy of construction investment projects, construction investment management, supervision and supervision of construction and installation of electricity projects; Investing in power and grid projects; Fostering, training on management, operation, maintenance and repair of power plant equipment; and Business travel services.
67GF Score
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