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Ratchthani Leasing PCLBKK:THANI-R 55 Price-to-Tangible-Book is 1.27 as of Jul. 19, 2026, which is 37% below its 10-year median of 2.03. GuruFocus rates BKK:THANI-R with a GF Score™ of 55/100 and a GF Value™ of ฿2.16. The stock has 9 warning signs investors should review. Among 513 Credit Services companies, Ratchthani Leasing PCL ranks better than 58.48% on this metric.
The historical rank and industry rank for Ratchthani Leasing PCL's Price-to-Tangible-Book or its related term are showing as below:
BKK:THANI-R'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.64 Med: 2.03 Max: 4.65
Current: 0.95
During the past 13 years, Ratchthani Leasing PCL's highest Price to Tangible Book Ratio was 4.65. The lowest was 0.64. And the median was 2.03.
BKK:THANI-R's Price-to-Tangible-Book is ranked better than 58.48% of 513
companies
in the Credit Services industry
Industry Median: 1.11
vs BKK:THANI-R: 0.95
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.
Ratchthani Leasing PCL Price-to-Tangible-Book Related Terms
Ratchthani Leasing PCL Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Ratchthani Leasing 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:THANI-R vs V, MA, AXP: Price-to-Tangible-Book Comparison
For the Credit Services subindustry, Ratchthani Leasing 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.
Ratchthani Leasing PCL Price-to-Tangible-Book vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Ratchthani Leasing PCL's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Ratchthani Leasing 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.
Ratchthani Leasing PCL (BKK:THANI-R) has a Price-to-Tangible-Book of 1.27 as of Jul. 19, 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 Ratchthani Leasing PCL and its competitors. This is 37% below median its historical median of 2.03. Over the past decade, Ratchthani Leasing PCL's Price-to-Tangible-Book has ranged from 0.64 to 4.65. According to the industry distribution chart, Ratchthani Leasing PCL ranks #213 out of 513 companies in the Credit Services industry, placing it in the top 41.5%.
Is Ratchthani Leasing PCL's Price-to-Tangible-Book too high?
Ratchthani Leasing PCL's current Price-to-Tangible-Book of 1.27 is 37% below median its 10-year median of 2.03. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 4.65. The Credit Services industry median Price-to-Tangible-Book is 1.11. Ratchthani Leasing PCL's value of 1.27 is 14.4% above this industry median. Based on the distribution chart, Ratchthani Leasing PCL ranks #213 out of 513 companies in the Credit Services industry, which is above the industry midpoint. Overall, Ratchthani Leasing PCL has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Ratchthani Leasing PCL's Price-to-Tangible-Book compare to V and MA?
According to the Credit Services industry distribution chart, Ratchthani Leasing PCL ranks #213 out of 513 companies for Price-to-Tangible-Book. This puts Ratchthani Leasing PCL in the upper half of its industry. The industry median Price-to-Tangible-Book is 1.11. Ratchthani Leasing PCL's value of 1.27 is 14.4% above this benchmark. Historically, Ratchthani Leasing PCL's own Price-to-Tangible-Book has ranged from 0.64 to 4.65 over the past decade. While the company's 10-year median is 2.03 vs. the industry median of 1.11, Ratchthani Leasing PCL has consistently been above 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 a Credit Services company?
The median Price-to-Tangible-Book among Credit Services companies is 1.11, based on 513 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. Ratchthani Leasing PCL's current Price-to-Tangible-Book of 1.27 is 14.4% above 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 Ratchthani Leasing 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. Ratchthani Leasing PCL's current Price-to-Tangible-Book is 1.27, which is 37% below median its own 10-year median of 2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratchthani Leasing PCL stock overvalued right now?
Ratchthani Leasing PCL (BKK:THANI-R) has a current Price-to-Tangible-Book of 1.27. The stock's GF Value™ is ฿2.16, compared to a current price of ฿2.94 — trading 36.1% above its estimated fair value. The current Price-to-Tangible-Book is 1.27, which is 37% below median its 10-year median of 2.03 and 14.4% above the Credit Services industry median of 1.11. Ratchthani Leasing PCL's overall GF Score™ is 55/100 with 9 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 Ratchthani Leasing PCL (BKK:THANI-R), the current Price-to-Tangible-Book is 1.27 as of Jul. 19, 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 Ratchthani Leasing PCL (BKK:THANI-R) Overvalued in 2026?
Based on GuruFocus' analysis, Ratchthani Leasing PCL stock appears to be overvalued.
The current stock price of ฿2.94 is trading 36.1% above its estimated GF Value™ of ฿2.16.
Key valuation signals for BKK:THANI-R:
Price-to-Tangible-Book: 1.27 (37% below median its 10-year median of 2.03)
GF Value™: ฿2.16 vs. price of ฿2.94 (36.1% above fair value)
Industry Position: 14.4% above the Credit Services median (#213 of 513)
No single metric tells the full story. See the BKK:THANI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ratchthani Leasing PCL is engaged in providing financial services specifically hire-purchase and leasing. It conducts business by providing hire-purchase credit services and financial leasing services for commercial cars, vehicles, and other assets, including one-stop relevant services. The company's business consists of primary activities, including inbound logistics management, operations, outbound logistics, marketing and sales, and customer services.
55GF Score
Get the complete analysis for BKK:THANI-R
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