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.
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.
Nirvana Development PCL Price-to-Tangible-Book Related Terms
Nirvana Development PCL Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Nirvana 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.
Nirvana Development PCL Price-to-Tangible-Book Chart
BKK:NVD-R vs CBRE, BEKE, JLL: Price-to-Tangible-Book Comparison
For the Real Estate Services subindustry, Nirvana 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.
Nirvana Development PCL Price-to-Tangible-Book vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Nirvana Development PCL's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Nirvana 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.
Nirvana Development PCL (BKK:NVD-R) has a Price-to-Tangible-Book of 0.26 as of Aug. 29, 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 Nirvana Development PCL and its competitors. According to the industry distribution chart, Nirvana Development PCL ranks #220 out of 1681 companies in the Real Estate industry, placing it in the top 13.1%.
Is Nirvana Development PCL's Price-to-Tangible-Book too high?
Nirvana Development PCL's current Price-to-Tangible-Book is 0.26. The Real Estate industry median Price-to-Tangible-Book is 0.84. Nirvana Development PCL's value of 0.26 is 69% below this industry median. Based on the distribution chart, Nirvana Development PCL ranks #220 out of 1681 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Nirvana Development PCL has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Nirvana Development PCL's Price-to-Tangible-Book compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Nirvana Development PCL ranks #220 out of 1681 companies for Price-to-Tangible-Book. This places Nirvana Development PCL in the top 13% of its industry — outperforming the majority of peers. The industry median Price-to-Tangible-Book is 0.84. Nirvana Development PCL's value of 0.26 is 69% 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 1,681 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. Nirvana Development PCL's current Price-to-Tangible-Book of 0.26 is 69% 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 Nirvana 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. Nirvana Development PCL's current Price-to-Tangible-Book is 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nirvana Development PCL stock overvalued right now?
Nirvana Development PCL (BKK:NVD-R) has a current Price-to-Tangible-Book of 0.26. The stock's GF Value™ is ฿1.05, compared to a current price of ฿0.75 — trading 28.6% below its estimated fair value. The current Price-to-Tangible-Book is 0.26 and 69% below the Real Estate industry median of 0.84. Nirvana Development PCL's overall GF Score™ is 40/100 with 8 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 Nirvana Development PCL (BKK:NVD-R), the current Price-to-Tangible-Book is 0.26 as of Aug. 29, 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 Nirvana Development PCL (BKK:NVD-R) Overvalued in 2026?
Based on GuruFocus' analysis, Nirvana Development PCL stock appears to be undervalued.
The current stock price of ฿0.75 is trading 28.6% below its estimated GF Value™ of ฿1.05.
Key valuation signals for BKK:NVD-R:
Price-to-Tangible-Book: 0.26
GF Value™: ฿1.05 vs. price of ฿0.75 (28.6% below fair value)
Industry Position: 69% below the Real Estate median (#220 of 1681)
No single metric tells the full story. See the BKK:NVD-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nirvana Development PCL is engaged in the development of real estate for sale, construction services, and distribution of precast concrete products in Thailand. The company has three segments: Real Estate, Construction, and Others. Majority of revenue is from Real estate segment.
40GF Score
Get the complete analysis for BKK:NVD-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:NVD-R has been successfully added to your 
