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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.
Ziga Innovation PCL Price-to-Tangible-Book Related Terms
Ziga Innovation PCL Price-to-Tangible-Book Historical Data
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The historical data trend for Ziga Innovation 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:ZIGA-R vs NUE, STLD, RS: Price-to-Tangible-Book Comparison
For the Steel subindustry, Ziga Innovation 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.
Ziga Innovation PCL Price-to-Tangible-Book vs Steel Industry
For the Steel industry and Basic Materials sector, Ziga Innovation PCL's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Ziga Innovation 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.
Ziga Innovation PCL (BKK:ZIGA-R) has a Price-to-Tangible-Book of 1.08 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 Ziga Innovation PCL and its competitors. According to the industry distribution chart, Ziga Innovation PCL ranks #307 out of 601 companies in the Steel industry, placing it in the top 51.1%.
Is Ziga Innovation PCL's Price-to-Tangible-Book too high?
Ziga Innovation PCL's current Price-to-Tangible-Book is 1.08. The Steel industry median Price-to-Tangible-Book is 1.04. Ziga Innovation PCL's value of 1.08 is 3.8% above this industry median. Based on the distribution chart, Ziga Innovation PCL ranks #307 out of 601 companies in the Steel industry, which is below the industry midpoint. Overall, Ziga Innovation PCL has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ziga Innovation PCL's Price-to-Tangible-Book compare to NUE and STLD?
According to the Steel industry distribution chart, Ziga Innovation PCL ranks #307 out of 601 companies for Price-to-Tangible-Book. This places Ziga Innovation PCL in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.04. Ziga Innovation PCL's value of 1.08 is 3.8% 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 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. Ziga Innovation PCL's current Price-to-Tangible-Book of 1.08 is 3.8% 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 Ziga Innovation 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. Ziga Innovation PCL's current Price-to-Tangible-Book is 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ziga Innovation PCL stock overvalued right now?
Based on GuruFocus' analysis, Ziga Innovation PCL (BKK:ZIGA-R) is currently considered Fairly Valued. The stock's GF Value™ is ฿1.24, compared to a current price of ฿1.24 — trading 0.2% below its estimated fair value. The current Price-to-Tangible-Book is 1.08 and 3.8% above the Steel industry median of 1.04. Ziga Innovation PCL's overall GF Score™ is 67/100 with 5 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 Ziga Innovation PCL (BKK:ZIGA-R), the current Price-to-Tangible-Book is 1.08 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 Ziga Innovation PCL (BKK:ZIGA-R) Overvalued in 2026?
Based on GuruFocus' analysis, Ziga Innovation PCL stock appears to be undervalued.
The current stock price of ฿1.24 is trading 0.2% below its estimated GF Value™ of ฿1.24.
GuruFocus considers Ziga Innovation PCL to be Fairly Valued.
Key valuation signals for BKK:ZIGA-R:
Price-to-Tangible-Book: 1.08
GF Value™: ฿1.24 vs. price of ฿1.24 (0.2% below fair value)
Industry Position: 3.8% above the Steel median (#307 of 601)
No single metric tells the full story. See the BKK:ZIGA-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ziga Innovation PCL is a steel manufacturer. It is engaged in the manufacturing and trading of steel conduits for electrical wiring systems and steel piping for construction and real estate business. Its segment includes wholesale and retail. It derives majority of its revenues from the wholesale segment. The company operates in Thailand.
67GF Score
Get the complete analysis for BKK:ZIGA-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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