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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.
Thai Wire Products PCL Price-to-Tangible-Book Related Terms
Thai Wire Products PCL Price-to-Tangible-Book Historical Data
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The historical data trend for Thai Wire Products 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:TWP-R vs NUE, STLD, RS: Price-to-Tangible-Book Comparison
For the Steel subindustry, Thai Wire Products 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 Wire Products PCL Price-to-Tangible-Book vs Steel Industry
For the Steel industry and Basic Materials sector, Thai Wire Products PCL's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Thai Wire Products 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 Wire Products PCL (BKK:TWP-R) has a Price-to-Tangible-Book of 0.32 as of Aug. 31, 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 Wire Products PCL and its competitors. According to the industry distribution chart, Thai Wire Products PCL ranks #68 out of 601 companies in the Steel industry, placing it in the top 11.3%.
Is Thai Wire Products PCL's Price-to-Tangible-Book too high?
Thai Wire Products PCL's current Price-to-Tangible-Book is 0.32. The Steel industry median Price-to-Tangible-Book is 1.04. Thai Wire Products PCL's value of 0.32 is 69.2% below this industry median. Based on the distribution chart, Thai Wire Products PCL ranks #68 out of 601 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Wire Products PCL has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Wire Products PCL's Price-to-Tangible-Book compare to NUE and STLD?
According to the Steel industry distribution chart, Thai Wire Products PCL ranks #68 out of 601 companies for Price-to-Tangible-Book. This places Thai Wire Products PCL in the top 11% of its industry — outperforming the majority of peers. The industry median Price-to-Tangible-Book is 1.04. Thai Wire Products PCL's value of 0.32 is 69.2% 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 a Steel company?
The median Price-to-Tangible-Book among Steel companies is 1.04, based on 601 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 Wire Products PCL's current Price-to-Tangible-Book of 0.32 is 69.2% 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 Wire Products PCL and its competitors. For the Steel industry, the median Price-to-Tangible-Book is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Wire Products PCL's current Price-to-Tangible-Book is 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Wire Products PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Wire Products PCL (BKK:TWP-R) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿1.18, compared to a current price of ฿1.60 — trading 35.6% above its estimated fair value. The current Price-to-Tangible-Book is 0.32 and 69.2% below the Steel industry median of 1.04. Thai Wire Products PCL's overall GF Score™ is 56/100 with 3 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 Wire Products PCL (BKK:TWP-R), the current Price-to-Tangible-Book is 0.32 as of Aug. 31, 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 Wire Products PCL (BKK:TWP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Wire Products PCL stock appears to be overvalued.
The current stock price of ฿1.60 is trading 35.6% above its estimated GF Value™ of ฿1.18.
GuruFocus considers Thai Wire Products PCL to be Significantly Overvalued.
Key valuation signals for BKK:TWP-R:
Price-to-Tangible-Book: 0.32
GF Value™: ฿1.18 vs. price of ฿1.60 (35.6% above fair value)
Industry Position: 69.2% below the Steel median (#68 of 601)
No single metric tells the full story. See the BKK:TWP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Wire Products PCL is a Thailand-based manufacturer and seller of high-tensile steel wire (prestressed concrete wire) for the construction industry. Additionally, its product offerings also include galvanized steel wire, cold drawn steel wire, hard drawn steel wire, ordinary low carbon steel wire, etc. Geographically, the company generates maximum revenue from its domestic region and also has some exposure to overseas markets.
56GF 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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