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.
Ratch Group PCLBKK:RATCH -0.67%70 Price-to-Tangible-Book is 0.98 as of Aug. 17, 2026, which is 13% below its 10-year median of 1.13. GuruFocus rates BKK:RATCH with a GF Score™ of 70/100 and a GF Value™ of ฿32.17 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 449 Utilities - Regulated companies, Ratch Group PCL ranks better than 73.5% on this metric.
The historical rank and industry rank for Ratch Group PCL's Price-to-Tangible-Book or its related term are showing as below:
BKK:RATCH'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.68 Med: 1.13 Max: 1.86
Current: 0.98
During the past 13 years, Ratch Group PCL's highest Price to Tangible Book Ratio was 1.86. The lowest was 0.68. And the median was 1.13.
BKK:RATCH's Price-to-Tangible-Book is ranked better than 73.5% of 449
companies
in the Utilities - Regulated industry
Industry Median: 1.71
vs BKK:RATCH: 0.98
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.
Ratch Group PCL Price-to-Tangible-Book Related Terms
Ratch Group PCL Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Ratch Group 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:RATCH vs NEE, SO, DUK: Price-to-Tangible-Book Comparison
For the Utilities - Regulated Electric subindustry, Ratch Group 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.
Ratch Group PCL Price-to-Tangible-Book vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Ratch Group PCL's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Ratch Group 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.
Ratch Group PCL (BKK:RATCH) has a Price-to-Tangible-Book of 0.98 as of Aug. 17, 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 Ratch Group PCL and its competitors. This is 13% below median its historical median of 1.13. Over the past decade, Ratch Group PCL's Price-to-Tangible-Book has ranged from 0.68 to 1.86. According to the industry distribution chart, Ratch Group PCL ranks #119 out of 449 companies in the Utilities - Regulated industry, placing it in the top 26.5%.
Is Ratch Group PCL's Price-to-Tangible-Book too high?
Ratch Group PCL's current Price-to-Tangible-Book of 0.98 is 13% below median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 1.86. The Utilities - Regulated industry median Price-to-Tangible-Book is 1.71. Ratch Group PCL's value of 0.98 is 42.7% below this industry median. Based on the distribution chart, Ratch Group PCL ranks #119 out of 449 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Ratch Group PCL has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ratch Group PCL's Price-to-Tangible-Book compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Ratch Group PCL ranks #119 out of 449 companies for Price-to-Tangible-Book. This puts Ratch Group PCL in the upper half of its industry. The industry median Price-to-Tangible-Book is 1.71. Ratch Group PCL's value of 0.98 is 42.7% below this benchmark. Historically, Ratch Group PCL's own Price-to-Tangible-Book has ranged from 0.68 to 1.86 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 1.71, Ratch Group 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 Price-to-Tangible-Book for an Utilities - Regulated company?
The median Price-to-Tangible-Book among Utilities - Regulated companies is 1.71, based on 449 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. Ratch Group PCL's current Price-to-Tangible-Book of 0.98 is 42.7% 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 Ratch Group PCL and its competitors. For the Utilities - Regulated industry, the median Price-to-Tangible-Book is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratch Group PCL's current Price-to-Tangible-Book is 0.98, which is 13% below median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratch Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Ratch Group PCL (BKK:RATCH) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿32.17, compared to a current price of ฿37.25 — trading 15.8% above its estimated fair value. The current Price-to-Tangible-Book is 0.98, which is 13% below median its 10-year median of 1.13 and 42.7% below the Utilities - Regulated industry median of 1.71. Ratch Group PCL's overall GF Score™ is 70/100 with 10 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 Ratch Group PCL (BKK:RATCH), the current Price-to-Tangible-Book is 0.98 as of Aug. 17, 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 Ratch Group PCL (BKK:RATCH) Overvalued in 2026?
Based on GuruFocus' analysis, Ratch Group PCL stock appears to be overvalued.
The current stock price of ฿37.25 is trading 15.8% above its estimated GF Value™ of ฿32.17.
GuruFocus considers Ratch Group PCL to be Modestly Overvalued.
Key valuation signals for BKK:RATCH:
Price-to-Tangible-Book: 0.98 (13% below median its 10-year median of 1.13)
GF Value™: ฿32.17 vs. price of ฿37.25 (15.8% above fair value)
Industry Position: 42.7% below the Utilities - Regulated median (#119 of 449)
No single metric tells the full story. See the BKK:RATCH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ratch Group PCL is a Thailand-based holding company. The Company's principal businesses are investing in companies whose objectives are to generate and sell electricity and develop power energy projects and infrastructure projects. The Group has four operating segments: Domestic Electricity Generating, Domestic Renewable Energy, International Power Projects, and Domestic Related Business & Infrastructure. The majority of revenue is from the domestic electricity-generating segment. Geographically, the majority of income is from Thailand. Its investment is mainly focused on fossil fuel power generation projects, renewable projects, and businesses adjacent to electricity generation and energy both in Thailand & internationally.
70GF Score
Get the complete analysis for BKK:RATCH
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:RATCH has been successfully added to your 
