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The Steel PCLBKK:THE-R 27 Price-to-Tangible-Book is 0.48 as of Aug. 14, 2026, which is 52% below its 10-year median of 0.99. GuruFocus rates BKK:THE-R with a GF Score™ of 27/100 and a GF Value™ of ฿0.82. The stock has 6 warning signs investors should review. Among 602 Steel companies, The Steel PCL ranks better than 80.07% on this metric.
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.
The Steel PCL Price-to-Tangible-Book Related Terms
The Steel PCL Price-to-Tangible-Book Historical Data
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The historical data trend for The Steel 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:THE-R vs NUE, STLD, RS: Price-to-Tangible-Book Comparison
For the Steel subindustry, The Steel 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.
The Steel PCL Price-to-Tangible-Book vs Steel Industry
For the Steel industry and Basic Materials sector, The Steel PCL's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where The Steel 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.
The Steel PCL (BKK:THE-R) has a Price-to-Tangible-Book of 0.48 as of Aug. 14, 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 The Steel PCL and its competitors. This is 52% below median its historical median of 0.99. Over the past decade, The Steel PCL's Price-to-Tangible-Book has ranged from 0.38 to 2.98. According to the industry distribution chart, The Steel PCL ranks #120 out of 602 companies in the Steel industry, placing it in the top 19.9%.
Is The Steel PCL's Price-to-Tangible-Book too high?
The Steel PCL's current Price-to-Tangible-Book of 0.48 is 52% below median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 2.98. The Steel industry median Price-to-Tangible-Book is 1.01. The Steel PCL's value of 0.48 is 52.5% below this industry median. Based on the distribution chart, The Steel PCL ranks #120 out of 602 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, The Steel PCL has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does The Steel PCL's Price-to-Tangible-Book compare to NUE and STLD?
According to the Steel industry distribution chart, The Steel PCL ranks #120 out of 602 companies for Price-to-Tangible-Book. This places The Steel PCL in the top 20% of its industry — outperforming the majority of peers. The industry median Price-to-Tangible-Book is 1.01. The Steel PCL's value of 0.48 is 52.5% below this benchmark. Historically, The Steel PCL's own Price-to-Tangible-Book has ranged from 0.38 to 2.98 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 1.01, The Steel 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 a Steel company?
The median Price-to-Tangible-Book among Steel companies is 1.01, based on 602 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. The Steel PCL's current Price-to-Tangible-Book of 0.48 is 52.5% 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 The Steel PCL and its competitors. For the Steel industry, the median Price-to-Tangible-Book is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Steel PCL's current Price-to-Tangible-Book is 0.48, which is 52% below median its own 10-year median of 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Steel PCL stock overvalued right now?
The Steel PCL (BKK:THE-R) has a current Price-to-Tangible-Book of 0.48. The stock's GF Value™ is ฿0.82, compared to a current price of ฿0.83 — trading 1.6% above its estimated fair value. The current Price-to-Tangible-Book is 0.48, which is 52% below median its 10-year median of 0.99 and 52.5% below the Steel industry median of 1.01. The Steel PCL's overall GF Score™ is 27/100 with 6 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 The Steel PCL (BKK:THE-R), the current Price-to-Tangible-Book is 0.48 as of Aug. 14, 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 The Steel PCL (BKK:THE-R) Overvalued in 2026?
Based on GuruFocus' analysis, The Steel PCL stock appears to be overvalued.
The current stock price of ฿0.83 is trading 1.6% above its estimated GF Value™ of ฿0.82.
Key valuation signals for BKK:THE-R:
Price-to-Tangible-Book: 0.48 (52% below median its 10-year median of 0.99)
GF Value™: ฿0.82 vs. price of ฿0.83 (1.6% above fair value)
Industry Position: 52.5% below the Steel median (#120 of 602)
No single metric tells the full story. See the BKK:THE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Steel PCL is principally engaged in the selling and transforming hot rolled steel sheets and coils and other structural steels and logistic services of steel. Its product portfolio includes hot-rolled coils, and processed forms such as slit coils, steel sheets, hot-formed structural steel, and cold-formed structural steel, as well as other steel products. In addition, the company also processes certain steel products, including steel sheets, slit coils, flat steel, folded angle steel, folded channel steel, steel pipes, and C-shaped structural steel. The company operates in two reportable segments: Revenue from sales of steels, which accounts for a majority of its revenue, and Revenue from logistic services. Geographically, it is managed and operates principally in Thailand.
27GF Score
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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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