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G J Steel PCLBKK:GJS-R 23 Price-to-Tangible-Book is 0.31 as of Sep. 13, 2026. GuruFocus rates BKK:GJS-R with a GF Score™ of 23/100 and a GF Value™ of ฿0.16 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 600 Steel companies, G J Steel PCL ranks better than 91.83% on this metric.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
G J Steel PCL Price-to-Tangible-Book Related Terms
G J Steel PCL Price-to-Tangible-Book Historical Data
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The historical data trend for G J Steel PCL's Price-to-Tangible-Book 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.
BKK:GJS-R vs NUE, STLD, RS: Price-to-Tangible-Book Comparison
For the Steel subindustry, G J Steel PCL's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
G J Steel PCL Price-to-Tangible-Book vs Steel Industry
For the Steel industry and Basic Materials sector, G J Steel PCL's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where G J Steel PCL's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
G J Steel PCL (BKK:GJS-R) has a Price-to-Tangible-Book of 0.31 as of Sep. 13, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on G J Steel PCL and its competitors. According to the industry distribution chart, G J Steel PCL ranks #49 out of 600 companies in the Steel industry, placing it in the top 8.2%.
Is G J Steel PCL's Price-to-Tangible-Book too high?
G J Steel PCL's current Price-to-Tangible-Book is 0.31. The Steel industry median Price-to-Tangible-Book is 1.01. G J Steel PCL's value of 0.31 is 69.3% below this industry median. Based on the distribution chart, G J Steel PCL ranks #49 out of 600 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, G J Steel PCL has a GF Score™ of 23/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does G J Steel PCL's Price-to-Tangible-Book compare to NUE and STLD?
According to the Steel industry distribution chart, G J Steel PCL ranks #49 out of 600 companies for Price-to-Tangible-Book. This places G J Steel PCL in the top 8% of its industry — outperforming the majority of peers. The industry median Price-to-Tangible-Book is 1.01. G J Steel PCL's value of 0.31 is 69.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Steel company?
The median Price-to-Tangible-Book among Steel companies is 1.01, based on 600 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. G J Steel PCL's current Price-to-Tangible-Book of 0.31 is 69.3% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on G J Steel PCL and its competitors. For the Steel industry, the median Price-to-Tangible-Book is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. G J Steel PCL's current Price-to-Tangible-Book is 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is G J Steel PCL stock overvalued right now?
Based on GuruFocus' analysis, G J Steel PCL (BKK:GJS-R) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.16, compared to a current price of ฿0.12 — trading 25% below its estimated fair value. The current Price-to-Tangible-Book is 0.31 and 69.3% below the Steel industry median of 1.01. G J Steel PCL's overall GF Score™ is 23/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For G J Steel PCL (BKK:GJS-R), the current Price-to-Tangible-Book is 0.31 as of Sep. 13, 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 G J Steel PCL (BKK:GJS-R) Overvalued in 2026?
Based on GuruFocus' analysis, G J Steel PCL stock appears to be undervalued.
The current stock price of ฿0.12 is trading 25% below its estimated GF Value™ of ฿0.16.
GuruFocus considers G J Steel PCL to be Modestly Undervalued.
Key valuation signals for BKK:GJS-R:
Price-to-Tangible-Book: 0.31
GF Value™: ฿0.16 vs. price of ฿0.12 (25% below fair value)
Industry Position: 69.3% below the Steel median (#49 of 600)
No single metric tells the full story. See the BKK:GJS-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
G J Steel PCL is engaged in the manufacturing and distribution of hot rolled coil steel products. Its main products are hot-rolled coils (HRC) and tempered hot-rolled coils. The company distributes its products which are further used as a raw material to produce various products like, automotive parts, gas cylinder, pressure vessel, home appliance, and pipes. The company operates in a single segment, which is manufacturing of hot rolled coil steel products. Geographically, it operates and generates revenue only from Thailand.
23GF Score
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