Thoresen Thai Agencies PCLTHAFF 81 PB Ratio is 0.37 as of Jun. 26, 2026, which is 31% below its 10-year median of 0.54. GuruFocus rates THAFF with a GF Score™ of 81/100 and a GF Value™ of $0.23. The stock has 6 warning signs investors should review. Among 544 Conglomerates companies, Thoresen Thai Agencies PCL ranks better than 92.28% on this metric.
The historical rank and industry rank for Thoresen Thai Agencies PCL's PB Ratio or its related term are showing as below:
THAFF'
s PB Ratio Range Over the Past 10 Years
Min: 0.2 Med: 0.54 Max: 1.97
Current: 0.28
During the past 13 years, Thoresen Thai Agencies PCL's highest PB Ratio was 1.97. The lowest was 0.20. And the median was 0.54.
THAFF's PB Ratio is ranked better than 92.28% of 544
companies
in the Conglomerates industry
Industry Median: 1.035
vs THAFF: 0.28
During the past 12 months, Thoresen Thai Agencies PCL's average Book Value Per Share Growth Rate was 6.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 4.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Thoresen Thai Agencies PCL was 182.40% per year. The lowest was -20.50% per year. And the median was 2.80% per year.
Back to Basics: PB Ratio
Thoresen Thai Agencies PCL (OTCPK:THAFF) 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.
Thoresen Thai Agencies PCL PB Ratio Related Terms
Thoresen Thai Agencies PCL PB Ratio Historical Data
* 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 Conglomerates subindustry, Thoresen Thai Agencies 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.
Thoresen Thai Agencies PCL PB Ratio vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Thoresen Thai Agencies PCL's PB Ratio distribution charts can be found below:
* The bar in red indicates where Thoresen Thai Agencies 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.
Thoresen Thai Agencies PCL (THAFF) has a PB Ratio of 0.37 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Thoresen Thai Agencies PCL and its competitors. This is 31% below median its historical median of 0.54. Over the past decade, Thoresen Thai Agencies PCL's PB Ratio has ranged from 0.20 to 1.97. According to the industry distribution chart, Thoresen Thai Agencies PCL ranks #42 out of 544 companies in the Conglomerates industry, placing it in the top 7.7%.
Is Thoresen Thai Agencies PCL's PB Ratio too high?
Thoresen Thai Agencies PCL's current PB Ratio of 0.37 is 31% below median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 1.97. The Conglomerates industry median PB Ratio is 1.04. Thoresen Thai Agencies PCL's value of 0.37 is 64.3% below this industry median. Based on the distribution chart, Thoresen Thai Agencies PCL ranks #42 out of 544 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Thoresen Thai Agencies PCL has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Thoresen Thai Agencies PCL's PB Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Thoresen Thai Agencies PCL ranks #42 out of 544 companies for PB Ratio. This places Thoresen Thai Agencies PCL in the top 8% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.04. Thoresen Thai Agencies PCL's value of 0.37 is 64.3% below this benchmark. Historically, Thoresen Thai Agencies PCL's own PB Ratio has ranged from 0.20 to 1.97 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 1.04, Thoresen Thai Agencies 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 Conglomerates company?
The median PB Ratio among Conglomerates companies is 1.04, based on 544 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. Thoresen Thai Agencies PCL's current PB Ratio of 0.37 is 64.3% 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 Thoresen Thai Agencies PCL and its competitors. For the Conglomerates industry, the median PB Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thoresen Thai Agencies PCL's current PB Ratio is 0.37, which is 31% below median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thoresen Thai Agencies PCL stock overvalued right now?
Thoresen Thai Agencies PCL (THAFF) has a current PB Ratio of 0.37. The stock's GF Value™ is $0.23, compared to a current price of $0.20 — trading 13% below its estimated fair value. The current PB Ratio is 0.37, which is 31% below median its 10-year median of 0.54 and 64.3% below the Conglomerates industry median of 1.04. Thoresen Thai Agencies PCL's overall GF Score™ is 81/100 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 Thoresen Thai Agencies PCL (THAFF), the current PB Ratio is 0.37 as of Jun. 26, 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 Thoresen Thai Agencies PCL (THAFF) Overvalued in 2026?
Based on GuruFocus' analysis, Thoresen Thai Agencies PCL stock appears to be undervalued.
The current stock price of $0.20 is trading 13% below its estimated GF Value™ of $0.23.
Key valuation signals for THAFF:
PB Ratio: 0.37 (31% below median its 10-year median of 0.54)
GF Value™: $0.23 vs. price of $0.20 (13% below fair value)
Industry Position: 64.3% below the Conglomerates median (#42 of 544)
No single metric tells the full story. See the THAFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thoresen Thai Agencies PCL is an investment holding company. The company operates in five main segments: shipping, offshore service, agrochemical, food and beverage, and investment. Its activities include ownership of dry bulk vessels, certain shipping services, offshore services related to oil and gas, production and sales of fertilizers, coal trading, warehouse, and logistics services, and food and beverage. The maximum revenue is derived from the Offshore Service segment.
81GF Score
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