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Thai Solar Energy PCLBKK:TSE-R 46 Price-to-Tangible-Book is 0.65 as of Jul. 28, 2026, which is 78% below its 10-year median of 2.99. GuruFocus rates BKK:TSE-R with a GF Score™ of 46/100 and a GF Value™ of ฿0.66. The stock has 9 warning signs investors should review. Among 408 Utilities - Independent Power Producers companies, Thai Solar Energy PCL ranks better than 69.12% on this metric.
The historical rank and industry rank for Thai Solar Energy PCL's Price-to-Tangible-Book or its related term are showing as below:
BKK:TSE-R'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.36 Med: 2.99 Max: 18.23
Current: 0.88
During the past 13 years, Thai Solar Energy PCL's highest Price to Tangible Book Ratio was 18.23. The lowest was 0.36. And the median was 2.99.
BKK:TSE-R's Price-to-Tangible-Book is ranked better than 69.12% of 408
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.46
vs BKK:TSE-R: 0.88
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.
Thai Solar Energy PCL Price-to-Tangible-Book Related Terms
Thai Solar Energy PCL Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Thai Solar Energy 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.
Thai Solar Energy PCL Price-to-Tangible-Book Chart
Thai Solar Energy PCL Price-to-Tangible-Book Competitor Comparison
For the Utilities - Renewable subindustry, Thai Solar Energy 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.
Thai Solar Energy PCL Price-to-Tangible-Book vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Thai Solar Energy PCL's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Thai Solar Energy 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.
Thai Solar Energy PCL (BKK:TSE-R) has a Price-to-Tangible-Book of 0.65 as of Jul. 28, 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 Thai Solar Energy PCL and its competitors. This is 78% below median its historical median of 2.99. Over the past decade, Thai Solar Energy PCL's Price-to-Tangible-Book has ranged from 0.36 to 18.23. According to the industry distribution chart, Thai Solar Energy PCL ranks #126 out of 408 companies in the Utilities - Independent Power Producers industry, placing it in the top 30.9%.
Is Thai Solar Energy PCL's Price-to-Tangible-Book too high?
Thai Solar Energy PCL's current Price-to-Tangible-Book of 0.65 is 78% below median its 10-year median of 2.99. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 18.23. The Utilities - Independent Power Producers industry median Price-to-Tangible-Book is 1.46. Thai Solar Energy PCL's value of 0.65 is 55.5% below this industry median. Based on the distribution chart, Thai Solar Energy PCL ranks #126 out of 408 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Thai Solar Energy PCL has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Thai Solar Energy PCL's Price-to-Tangible-Book compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Thai Solar Energy PCL ranks #126 out of 408 companies for Price-to-Tangible-Book. This puts Thai Solar Energy PCL in the upper half of its industry. The industry median Price-to-Tangible-Book is 1.46. Thai Solar Energy PCL's value of 0.65 is 55.5% below this benchmark. Historically, Thai Solar Energy PCL's own Price-to-Tangible-Book has ranged from 0.36 to 18.23 over the past decade. While the company's 10-year median is 2.99 vs. the industry median of 1.46, Thai Solar Energy 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 an Utilities - Independent Power Producers company?
The median Price-to-Tangible-Book among Utilities - Independent Power Producers companies is 1.46, based on 408 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. Thai Solar Energy PCL's current Price-to-Tangible-Book of 0.65 is 55.5% 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 Thai Solar Energy PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Price-to-Tangible-Book is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Solar Energy PCL's current Price-to-Tangible-Book is 0.65, which is 78% below median its own 10-year median of 2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Solar Energy PCL stock overvalued right now?
Thai Solar Energy PCL (BKK:TSE-R) has a current Price-to-Tangible-Book of 0.65. The stock's GF Value™ is ฿0.66, compared to a current price of ฿0.61 — trading 8.2% below its estimated fair value. The current Price-to-Tangible-Book is 0.65, which is 78% below median its 10-year median of 2.99 and 55.5% below the Utilities - Independent Power Producers industry median of 1.46. Thai Solar Energy PCL's overall GF Score™ is 46/100 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 Thai Solar Energy PCL (BKK:TSE-R), the current Price-to-Tangible-Book is 0.65 as of Jul. 28, 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 Thai Solar Energy PCL (BKK:TSE-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Solar Energy PCL stock appears to be undervalued.
The current stock price of ฿0.61 is trading 8.2% below its estimated GF Value™ of ฿0.66.
Key valuation signals for BKK:TSE-R:
Price-to-Tangible-Book: 0.65 (78% below median its 10-year median of 2.99)
GF Value™: ฿0.66 vs. price of ฿0.61 (8.2% below fair value)
Industry Position: 55.5% below the Utilities - Independent Power Producers median (#126 of 408)
No single metric tells the full story. See the BKK:TSE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Solar Energy PCL is engaged in the generation and distribution of electricity from solar power to the government and private sector. The company has its operational footprints in Thailand and Japan. Its operating segments are Domestic and International of which, the company generates a majority of its revenue from the Domestic segment. The firm's projects are Solar PV Farms Thailand, Solar PV Farms Japan, Solar PV Rooftop Plants Thailand and Biomass Power Plants.
46GF Score
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