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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.
Major Development PCL Price-to-Tangible-Book Related Terms
Major Development PCL Price-to-Tangible-Book Historical Data
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The historical data trend for Major Development 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.
Major Development PCL Price-to-Tangible-Book Chart
Major Development PCL Price-to-Tangible-Book Competitor Comparison
For the Real Estate - Development subindustry, Major Development 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.
Major Development PCL Price-to-Tangible-Book vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Major Development PCL's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Major Development 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.
Major Development PCL (BKK:MJD-R) has a Price-to-Tangible-Book of 0.13 as of Sep. 05, 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 Major Development PCL and its competitors. According to the industry distribution chart, Major Development PCL ranks #65 out of 1683 companies in the Real Estate industry, placing it in the top 3.9%.
Is Major Development PCL's Price-to-Tangible-Book too high?
Major Development PCL's current Price-to-Tangible-Book is 0.13. The Real Estate industry median Price-to-Tangible-Book is 0.84. Major Development PCL's value of 0.13 is 84.5% below this industry median. Based on the distribution chart, Major Development PCL ranks #65 out of 1683 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Major Development PCL has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Major Development PCL's Price-to-Tangible-Book compare to competitors?
According to the Real Estate industry distribution chart, Major Development PCL ranks #65 out of 1683 companies for Price-to-Tangible-Book. This places Major Development PCL in the top 4% of its industry — outperforming the majority of peers. The industry median Price-to-Tangible-Book is 0.84. Major Development PCL's value of 0.13 is 84.5% 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 Real Estate company?
The median Price-to-Tangible-Book among Real Estate companies is 0.84, based on 1,683 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. Major Development PCL's current Price-to-Tangible-Book of 0.13 is 84.5% 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 Major Development PCL and its competitors. For the Real Estate industry, the median Price-to-Tangible-Book is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Major Development PCL's current Price-to-Tangible-Book is 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Development PCL stock overvalued right now?
Major Development PCL (BKK:MJD-R) has a current Price-to-Tangible-Book of 0.13. The stock's GF Value™ is ฿0.78, compared to a current price of ฿0.32 — trading 59% below its estimated fair value. The current Price-to-Tangible-Book is 0.13 and 84.5% below the Real Estate industry median of 0.84. Major Development PCL's overall GF Score™ is 20/100 with 3 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 Major Development PCL (BKK:MJD-R), the current Price-to-Tangible-Book is 0.13 as of Sep. 05, 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 Major Development PCL (BKK:MJD-R) Overvalued in 2026?
Based on GuruFocus' analysis, Major Development PCL stock appears to be undervalued.
The current stock price of ฿0.32 is trading 59% below its estimated GF Value™ of ฿0.78.
Key valuation signals for BKK:MJD-R:
Price-to-Tangible-Book: 0.13
GF Value™: ฿0.78 vs. price of ฿0.32 (59% below fair value)
Industry Position: 84.5% below the Real Estate median (#65 of 1683)
No single metric tells the full story. See the BKK:MJD-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Major Development PCL is a Thailand-based real estate company. The operating segments of the group are the Property development business segment, the Hotel business segment, and the Rental and service business segment. It derives prime revenue from the Property development business segment, which engages in the development of land and houses and residential condominium units for sale. The group mainly operates in Thailand.
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Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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