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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.
TOA Paint (Thailand) PCL Price-to-Tangible-Book Related Terms
TOA Paint (Thailand) PCL Price-to-Tangible-Book Historical Data
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The historical data trend for TOA Paint (Thailand) 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.
TOA Paint (Thailand) PCL Price-to-Tangible-Book Chart
BKK:TOA-R vs LIN, SHW, ECL: Price-to-Tangible-Book Comparison
For the Specialty Chemicals subindustry, TOA Paint (Thailand) 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.
TOA Paint (Thailand) PCL Price-to-Tangible-Book vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, TOA Paint (Thailand) PCL's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where TOA Paint (Thailand) 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.
TOA Paint (Thailand) PCL (BKK:TOA-R) has a Price-to-Tangible-Book of 1.95 as of Aug. 30, 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 TOA Paint (Thailand) PCL and its competitors. According to the industry distribution chart, TOA Paint (Thailand) PCL ranks #772 out of 1543 companies in the Chemicals industry, placing it in the top 50%.
Is TOA Paint (Thailand) PCL's Price-to-Tangible-Book too high?
TOA Paint (Thailand) PCL's current Price-to-Tangible-Book is 1.95. The Chemicals industry median Price-to-Tangible-Book is 1.94. TOA Paint (Thailand) PCL's value of 1.95 is 0.5% above this industry median. Based on the distribution chart, TOA Paint (Thailand) PCL ranks #772 out of 1543 companies in the Chemicals industry, which is above the industry midpoint. Overall, TOA Paint (Thailand) PCL has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOA Paint (Thailand) PCL's Price-to-Tangible-Book compare to LIN and SHW?
According to the Chemicals industry distribution chart, TOA Paint (Thailand) PCL ranks #772 out of 1543 companies for Price-to-Tangible-Book. This puts TOA Paint (Thailand) PCL in the upper half of its industry. The industry median Price-to-Tangible-Book is 1.94. TOA Paint (Thailand) PCL's value of 1.95 is 0.5% above 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 Chemicals company?
The median Price-to-Tangible-Book among Chemicals companies is 1.94, based on 1,543 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. TOA Paint (Thailand) PCL's current Price-to-Tangible-Book of 1.95 is 0.5% 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 TOA Paint (Thailand) PCL and its competitors. For the Chemicals industry, the median Price-to-Tangible-Book is 1.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOA Paint (Thailand) PCL's current Price-to-Tangible-Book is 1.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOA Paint (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, TOA Paint (Thailand) PCL (BKK:TOA-R) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿13.39, compared to a current price of ฿15.20 — trading 13.5% above its estimated fair value. The current Price-to-Tangible-Book is 1.95 and 0.5% above the Chemicals industry median of 1.94. TOA Paint (Thailand) PCL's overall GF Score™ is 88/100 with 2 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 TOA Paint (Thailand) PCL (BKK:TOA-R), the current Price-to-Tangible-Book is 1.95 as of Aug. 30, 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 TOA Paint (Thailand) PCL (BKK:TOA-R) Overvalued in 2026?
Based on GuruFocus' analysis, TOA Paint (Thailand) PCL stock appears to be overvalued.
The current stock price of ฿15.20 is trading 13.5% above its estimated GF Value™ of ฿13.39.
GuruFocus considers TOA Paint (Thailand) PCL to be Modestly Overvalued.
Key valuation signals for BKK:TOA-R:
Price-to-Tangible-Book: 1.95
GF Value™: ฿13.39 vs. price of ฿15.20 (13.5% above fair value)
Industry Position: 0.5% above the Chemicals median (#772 of 1543)
No single metric tells the full story. See the BKK:TOA-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOA Paint (Thailand) PCL is principally engaged in the manufacture and distribution of paints and chemicals. Its product types are decorative coatings, wood coatings, construction chemicals, heavy-duty coatings, special paint, and hardware and power tools. The company generates a majority of its revenue from Thailand.
88GF Score
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