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Vanachai Group PCLBKK:VNG-R 63 Price-to-Tangible-Book is 0.56 as of Sep. 01, 2026. GuruFocus rates BKK:VNG-R with a GF Score™ of 63/100 and a GF Value™ of ฿2.02 (Fairly Valued). The stock has 7 warning signs investors should review. Among 268 Forest Products companies, Vanachai Group PCL ranks better than 65.67% on this metric.
The historical rank and industry rank for Vanachai Group PCL's Price-to-Tangible-Book or its related term are showing as below:
BKK:VNG-R'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.47 Med: 1.13 Max: 2.7
Current: 0.55
During the past 13 years, Vanachai Group PCL's highest Price to Tangible Book Ratio was 2.70. The lowest was 0.47. And the median was 1.13.
BKK:VNG-R's Price-to-Tangible-Book is ranked better than 65.67% of 268
companies
in the Forest Products industry
Industry Median: 0.88
vs BKK:VNG-R: 0.55
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.
Vanachai Group PCL Price-to-Tangible-Book Related Terms
Vanachai Group PCL Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Vanachai Group 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:VNG-R vs SSD, UFPI, BCC: Price-to-Tangible-Book Comparison
For the Lumber & Wood Production subindustry, Vanachai Group 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.
Vanachai Group PCL Price-to-Tangible-Book vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Vanachai Group PCL's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Vanachai Group 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.
Vanachai Group PCL (BKK:VNG-R) has a Price-to-Tangible-Book of 0.56 as of Sep. 01, 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 Vanachai Group PCL and its competitors. According to the industry distribution chart, Vanachai Group PCL ranks #92 out of 268 companies in the Forest Products industry, placing it in the top 34.3%.
Is Vanachai Group PCL's Price-to-Tangible-Book too high?
Vanachai Group PCL's current Price-to-Tangible-Book is 0.56. The Forest Products industry median Price-to-Tangible-Book is 0.88. Vanachai Group PCL's value of 0.56 is 36.4% below this industry median. Based on the distribution chart, Vanachai Group PCL ranks #92 out of 268 companies in the Forest Products industry, which is above the industry midpoint. Overall, Vanachai Group PCL has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vanachai Group PCL's Price-to-Tangible-Book compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Vanachai Group PCL ranks #92 out of 268 companies for Price-to-Tangible-Book. This puts Vanachai Group PCL in the upper half of its industry. The industry median Price-to-Tangible-Book is 0.88. Vanachai Group PCL's value of 0.56 is 36.4% 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 Forest Products company?
The median Price-to-Tangible-Book among Forest Products companies is 0.88, based on 268 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. Vanachai Group PCL's current Price-to-Tangible-Book of 0.56 is 36.4% 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 Vanachai Group PCL and its competitors. For the Forest Products industry, the median Price-to-Tangible-Book is 0.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vanachai Group PCL's current Price-to-Tangible-Book is 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vanachai Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Vanachai Group PCL (BKK:VNG-R) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.02, compared to a current price of ฿1.97 — trading 2.5% below its estimated fair value. The current Price-to-Tangible-Book is 0.56 and 36.4% below the Forest Products industry median of 0.88. Vanachai Group PCL's overall GF Score™ is 63/100 with 7 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 Vanachai Group PCL (BKK:VNG-R), the current Price-to-Tangible-Book is 0.56 as of Sep. 01, 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 Vanachai Group PCL (BKK:VNG-R) Overvalued in 2026?
Based on GuruFocus' analysis, Vanachai Group PCL stock appears to be undervalued.
The current stock price of ฿1.97 is trading 2.5% below its estimated GF Value™ of ฿2.02.
GuruFocus considers Vanachai Group PCL to be Fairly Valued.
Key valuation signals for BKK:VNG-R:
Price-to-Tangible-Book: 0.56
GF Value™: ฿2.02 vs. price of ฿1.97 (2.5% below fair value)
Industry Position: 36.4% below the Forest Products median (#92 of 268)
No single metric tells the full story. See the BKK:VNG-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vanachai Group PCL is a Thailand-based company. The principal activities of the company and its subsidiaries involve the production and distribution of wood plates, MDF boards, Particle boards, Doorskin, and Malamine on wood plates. The company creates wood-based goods such as particleboards, medium-density fiberboards (MDF boards), Doorskin, and melamine laminated particleboards, which are distributed to both domestic and international markets. It also sells finished products that include melamine doors, door frames, resins, formaldehyde adhesives, and finished flooring. The company generates the vast majority of its revenue in Thailand.
63GF Score
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