Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
The historical rank and industry rank for Next Capital PCL's Price-to-Tangible-Book or its related term are showing as below:
BKK:NCAP-R'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.42 Med: 0.97 Max: 6.79
Current: 0.86
During the past 8 years, Next Capital PCL's highest Price to Tangible Book Ratio was 6.79. The lowest was 0.42. And the median was 0.97.
BKK:NCAP-R's Price-to-Tangible-Book is ranked better than 63.28% of 512
companies
in the Credit Services industry
Industry Median: 1.11
vs BKK:NCAP-R: 0.86
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.
Next Capital PCL Price-to-Tangible-Book Related Terms
Next Capital PCL Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Next Capital 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:NCAP-R vs V, MA, AXP: Price-to-Tangible-Book Comparison
For the Credit Services subindustry, Next Capital 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.
Next Capital PCL Price-to-Tangible-Book vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Next Capital PCL's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Next Capital 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.
Next Capital PCL (BKK:NCAP-R) has a Price-to-Tangible-Book of 0.88 as of Aug. 31, 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 Next Capital PCL and its competitors. According to the industry distribution chart, Next Capital PCL ranks #188 out of 512 companies in the Credit Services industry, placing it in the top 36.7%.
Is Next Capital PCL's Price-to-Tangible-Book too high?
Next Capital PCL's current Price-to-Tangible-Book is 0.88. The Credit Services industry median Price-to-Tangible-Book is 1.11. Next Capital PCL's value of 0.88 is 20.7% below this industry median. Based on the distribution chart, Next Capital PCL ranks #188 out of 512 companies in the Credit Services industry, which is above the industry midpoint. Overall, Next Capital PCL has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Next Capital PCL's Price-to-Tangible-Book compare to V and MA?
According to the Credit Services industry distribution chart, Next Capital PCL ranks #188 out of 512 companies for Price-to-Tangible-Book. This puts Next Capital PCL in the upper half of its industry. The industry median Price-to-Tangible-Book is 1.11. Next Capital PCL's value of 0.88 is 20.7% 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 Credit Services company?
The median Price-to-Tangible-Book among Credit Services companies is 1.11, based on 512 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. Next Capital PCL's current Price-to-Tangible-Book of 0.88 is 20.7% 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 Next Capital PCL and its competitors. For the Credit Services industry, the median Price-to-Tangible-Book is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next Capital PCL's current Price-to-Tangible-Book is 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next Capital PCL stock overvalued right now?
Based on GuruFocus' analysis, Next Capital PCL (BKK:NCAP-R) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿2.83, compared to a current price of ฿3.61 — trading 27.4% above its estimated fair value. The current Price-to-Tangible-Book is 0.88 and 20.7% below the Credit Services industry median of 1.11. Next Capital PCL's overall GF Score™ is 67/100 with 7 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 Next Capital PCL (BKK:NCAP-R), the current Price-to-Tangible-Book is 0.88 as of Aug. 31, 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 Next Capital PCL (BKK:NCAP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Next Capital PCL stock appears to be overvalued.
The current stock price of ฿3.61 is trading 27.4% above its estimated GF Value™ of ฿2.83.
GuruFocus considers Next Capital PCL to be Modestly Overvalued.
Key valuation signals for BKK:NCAP-R:
Price-to-Tangible-Book: 0.88
GF Value™: ฿2.83 vs. price of ฿3.61 (27.4% above fair value)
Industry Position: 20.7% below the Credit Services median (#188 of 512)
No single metric tells the full story. See the BKK:NCAP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Next Capital PCL is principally engaged in the financial services specifically motorcycle hire-purchase and loans secured against vehicle registrations. It operates in two segments: Motorcycle hire-purchase and Loans secured against vehicle registrations.
67GF Score
Get the complete analysis for BKK:NCAP-R
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:NCAP-R has been successfully added to your 
