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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.
TQM Alpha PCL Price-to-Tangible-Book Related Terms
TQM Alpha PCL Price-to-Tangible-Book Historical Data
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The historical data trend for TQM Alpha 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:TQM-R vs MRSH, AON, AJG: Price-to-Tangible-Book Comparison
For the Insurance Brokers subindustry, TQM Alpha 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.
TQM Alpha PCL Price-to-Tangible-Book vs Insurance Industry
For the Insurance industry and Financial Services sector, TQM Alpha PCL's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where TQM Alpha 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.
TQM Alpha PCL (BKK:TQM-R) has a Price-to-Tangible-Book of 4.33 as of Aug. 27, 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 TQM Alpha PCL and its competitors. According to the industry distribution chart, TQM Alpha PCL ranks #406 out of 471 companies in the Insurance industry, placing it in the top 86.2%.
Is TQM Alpha PCL's Price-to-Tangible-Book too high?
TQM Alpha PCL's current Price-to-Tangible-Book is 4.33. The Insurance industry median Price-to-Tangible-Book is 1.53. TQM Alpha PCL's value of 4.33 is 183% above this industry median. Based on the distribution chart, TQM Alpha PCL ranks #406 out of 471 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, TQM Alpha PCL has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TQM Alpha PCL's Price-to-Tangible-Book compare to MRSH and AON?
According to the Insurance industry distribution chart, TQM Alpha PCL ranks #406 out of 471 companies for Price-to-Tangible-Book. This places TQM Alpha PCL in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.53. TQM Alpha PCL's value of 4.33 is 183% 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 an Insurance company?
The median Price-to-Tangible-Book among Insurance companies is 1.53, based on 471 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. TQM Alpha PCL's current Price-to-Tangible-Book of 4.33 is 183% 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 TQM Alpha PCL and its competitors. For the Insurance industry, the median Price-to-Tangible-Book is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TQM Alpha PCL's current Price-to-Tangible-Book is 4.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TQM Alpha PCL stock overvalued right now?
Based on GuruFocus' analysis, TQM Alpha PCL (BKK:TQM-R) is currently considered Fairly Valued. The stock's GF Value™ is ฿16.86, compared to a current price of ฿17.29 — trading 2.6% above its estimated fair value. The current Price-to-Tangible-Book is 4.33 and 183% above the Insurance industry median of 1.53. TQM Alpha PCL's overall GF Score™ is 86/100 with 11 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 TQM Alpha PCL (BKK:TQM-R), the current Price-to-Tangible-Book is 4.33 as of Aug. 27, 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 TQM Alpha PCL (BKK:TQM-R) Overvalued in 2026?
Based on GuruFocus' analysis, TQM Alpha PCL stock appears to be overvalued.
The current stock price of ฿17.29 is trading 2.6% above its estimated GF Value™ of ฿16.86.
GuruFocus considers TQM Alpha PCL to be Fairly Valued.
Key valuation signals for BKK:TQM-R:
Price-to-Tangible-Book: 4.33
GF Value™: ฿16.86 vs. price of ฿17.29 (2.6% above fair value)
Industry Position: 183% above the Insurance median (#406 of 471)
No single metric tells the full story. See the BKK:TQM-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TQM Alpha PCL is engaged in investment in companies that are focused on non-life insurance brokers, life insurance brokers, reinsurance brokers, personal loans, and the provision of services as a manager, caregiver, collect benefits, and property management for related parties. It also provides procurement and consulting services for computer software and hardware.
86GF Score
Get the complete analysis for BKK:TQM-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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