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TPI Polene Power PCLBKK:TPIPP-R -0.62%64 Price-to-Tangible-Book is 0.41 as of Aug. 26, 2026. GuruFocus rates BKK:TPIPP-R with a GF Score™ of 64/100 and a GF Value™ of ฿2.23 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 411 Utilities - Independent Power Producers companies, TPI Polene Power PCL ranks better than 91% on this metric.
The historical rank and industry rank for TPI Polene Power PCL's Price-to-Tangible-Book or its related term are showing as below:
BKK:TPIPP-R'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.4 Med: 1.03 Max: 2.83
Current: 0.4
During the past 12 years, TPI Polene Power PCL's highest Price to Tangible Book Ratio was 2.83. The lowest was 0.40. And the median was 1.03.
BKK:TPIPP-R's Price-to-Tangible-Book is ranked better than 91% of 411
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.44
vs BKK:TPIPP-R: 0.40
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.
TPI Polene Power PCL Price-to-Tangible-Book Related Terms
TPI Polene Power PCL Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for TPI Polene Power 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.
TPI Polene Power PCL Price-to-Tangible-Book Competitor Comparison
For the Utilities - Renewable subindustry, TPI Polene Power 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.
TPI Polene Power PCL Price-to-Tangible-Book vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, TPI Polene Power PCL's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where TPI Polene Power 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.
TPI Polene Power PCL (BKK:TPIPP-R) has a Price-to-Tangible-Book of 0.41 as of Aug. 26, 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 TPI Polene Power PCL and its competitors. According to the industry distribution chart, TPI Polene Power PCL ranks #37 out of 411 companies in the Utilities - Independent Power Producers industry, placing it in the top 9%.
Is TPI Polene Power PCL's Price-to-Tangible-Book too high?
TPI Polene Power PCL's current Price-to-Tangible-Book is 0.41. The Utilities - Independent Power Producers industry median Price-to-Tangible-Book is 1.44. TPI Polene Power PCL's value of 0.41 is 71.5% below this industry median. Based on the distribution chart, TPI Polene Power PCL ranks #37 out of 411 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, TPI Polene Power PCL has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TPI Polene Power PCL's Price-to-Tangible-Book compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, TPI Polene Power PCL ranks #37 out of 411 companies for Price-to-Tangible-Book. This places TPI Polene Power PCL in the top 9% of its industry — outperforming the majority of peers. The industry median Price-to-Tangible-Book is 1.44. TPI Polene Power PCL's value of 0.41 is 71.5% 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 an Utilities - Independent Power Producers company?
The median Price-to-Tangible-Book among Utilities - Independent Power Producers companies is 1.44, based on 411 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. TPI Polene Power PCL's current Price-to-Tangible-Book of 0.41 is 71.5% 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 TPI Polene Power PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Price-to-Tangible-Book is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPI Polene Power PCL's current Price-to-Tangible-Book is 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPI Polene Power PCL stock overvalued right now?
Based on GuruFocus' analysis, TPI Polene Power PCL (BKK:TPIPP-R) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.23, compared to a current price of ฿1.76 — trading 21.1% below its estimated fair value. The current Price-to-Tangible-Book is 0.41 and 71.5% below the Utilities - Independent Power Producers industry median of 1.44. TPI Polene Power PCL's overall GF Score™ is 64/100 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 TPI Polene Power PCL (BKK:TPIPP-R), the current Price-to-Tangible-Book is 0.41 as of Aug. 26, 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 TPI Polene Power PCL (BKK:TPIPP-R) Overvalued in 2026?
Based on GuruFocus' analysis, TPI Polene Power PCL stock appears to be undervalued.
The current stock price of ฿1.76 is trading 21.1% below its estimated GF Value™ of ฿2.23.
GuruFocus considers TPI Polene Power PCL to be Modestly Undervalued.
Key valuation signals for BKK:TPIPP-R:
Price-to-Tangible-Book: 0.41
GF Value™: ฿2.23 vs. price of ฿1.76 (21.1% below fair value)
Industry Position: 71.5% below the Utilities - Independent Power Producers median (#37 of 411)
No single metric tells the full story. See the BKK:TPIPP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TPI Polene Power PCL is engaged in manufacturing and distributing electricity and refuse-derived fuel, organics waste, and distributing diesel and natural gas. The company is engaged in two segments which are Energy and utilities, Petrol and gas stations. It derives maximum revenue from Energy & Utilities segment. Geographically, the company operates in Thailand.
64GF Score
Get the complete analysis for BKK:TPIPP-R
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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