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 (2026-06-27), Thai Rayon PCL's share price is $1.70. Thai Rayon PCL's Book Value per Share for the quarter that ended in Mar. 2026 was $3.97. Hence, Thai Rayon PCL's PB Ratio of today is 0.43.
Good Sign:
Thai Rayon PCL stock PB Ratio (=0.2) is close to 5-year low of 0.19.
The historical rank and industry rank for Thai Rayon PCL's PB Ratio or its related term are showing as below:
TRAYF'
s PB Ratio Range Over the Past 10 Years
Min: 0.18 Med: 0.29 Max: 0.55
Current: 0.2
During the past 13 years, Thai Rayon PCL's highest PB Ratio was 0.55. The lowest was 0.18. And the median was 0.29.
During the past 12 months, Thai Rayon PCL's average Book Value Per Share Growth Rate was -8.20% 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 -0.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Thai Rayon PCL was 11.50% per year. The lowest was -5.00% per year. And the median was 4.50% 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.
Thai Rayon PCL PB Ratio Related Terms
Thai Rayon PCL PB Ratio Historical Data
* Premium members only.
The historical data trend for Thai Rayon 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 Textile Manufacturing subindustry, Thai Rayon 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 Rayon PCL PB Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thai Rayon PCL's PB Ratio distribution charts can be found below:
* The bar in red indicates where Thai Rayon 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.
Thai Rayon 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.
Thai Rayon PCL (TRAYF) has a PB Ratio of 0.43 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Thai Rayon PCL and its competitors. This is 48% above median its historical median of 0.29. Over the past decade, Thai Rayon PCL's PB Ratio has ranged from 0.18 to 0.55.
Is Thai Rayon PCL's PB Ratio too high?
Thai Rayon PCL's current PB Ratio of 0.43 is 48% above median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.55. The Manufacturing - Apparel & Accessories industry median PB Ratio is 1.08. Thai Rayon PCL's value of 0.43 is 60% below this industry median. Overall, Thai Rayon PCL has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Thai Rayon PCL's PB Ratio compare to competitors?
Thai Rayon PCL's PB Ratio of 0.43 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median PB Ratio is 1.08. Thai Rayon PCL's value of 0.43 is 60% below this benchmark. Historically, Thai Rayon PCL's own PB Ratio has ranged from 0.18 to 0.55 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 1.08, Thai Rayon 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 Manufacturing - Apparel & Accessories company?
The median PB Ratio among Manufacturing - Apparel & Accessories companies is 1.08, based on 1,004 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 Rayon PCL's current PB Ratio of 0.43 is 60% 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 Thai Rayon PCL and its competitors. For the Manufacturing - Apparel & Accessories industry, the median PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Rayon PCL's current PB Ratio is 0.43, which is 48% above median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Rayon PCL stock overvalued right now?
Thai Rayon PCL (TRAYF) has a current PB Ratio of 0.43. The stock's GF Value™ is $2.77, compared to a current price of $1.70 — trading 38.6% below its estimated fair value. The current PB Ratio is 0.43, which is 48% above median its 10-year median of 0.29 and 60% below the Manufacturing - Apparel & Accessories industry median of 1.08. Thai Rayon PCL's overall GF Score™ is 12/100 with 5 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 Rayon PCL (TRAYF), the current PB Ratio is 0.43 as of Jun. 27, 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 Rayon PCL (TRAYF) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Rayon PCL stock appears to be undervalued.
The current stock price of $1.70 is trading 38.6% below its estimated GF Value™ of $2.77.
Key valuation signals for TRAYF:
PB Ratio: 0.43 (48% above median its 10-year median of 0.29)
GF Value™: $2.77 vs. price of $1.70 (38.6% below fair value)
Industry Position: 60% below the Manufacturing - Apparel & Accessories median
No single metric tells the full story. See the TRAYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Rayon PCL is a company based in Thailand that mainly manufactures viscose rayon staple fiber and anhydrous sodium sulphate for sale in domestic and export markets. The company also produces anhydrous sodium sulphate as a by-product, which is widely used in Thailand by detergent, pulp, glass, leather, and textile industries. Thai Rayon has made investments in backward and forward integration projects in Thailand, Indonesia, Laos, China, and Canada, as well as various diversification projects in Thailand and overseas. The company's operations focus on a single industry segment, which is the manufacturing and distribution of viscose rayon staple fiber and by-products for both domestic and export markets.
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