Thachang Green Energy PCL (BKK:TGE) PB Ratio : 2.51 (As of Oct. 09, 2024)

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What is Thachang Green Energy PCL PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-10-09), Thachang Green Energy PCL's share price is ฿2.80. Thachang Green Energy PCL's Book Value per Share for the quarter that ended in Jun. 2024 was ฿1.12. Hence, Thachang Green Energy PCL's PB Ratio of today is 2.51.

The historical rank and industry rank for Thachang Green Energy PCL's PB Ratio or its related term are showing as below:

BKK:TGE' s PB Ratio Range Over the Past 10 Years
Min: 1.25 Med: 2 Max: 5.21
Current: 2.51

During the past 8 years, Thachang Green Energy PCL's highest PB Ratio was 5.21. The lowest was 1.25. And the median was 2.00.

BKK:TGE's PB Ratio is ranked worse than
77% of 426 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.205 vs BKK:TGE: 2.51

During the past 12 months, Thachang Green Energy PCL's average Book Value Per Share Growth Rate was 11.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -90.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -66.90% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Thachang Green Energy PCL was 1344.40% per year. The lowest was -90.70% per year. And the median was -32.15% per year.

Back to Basics: PB Ratio

Thachang Green Energy PCL PB Ratio Historical Data

The historical data trend for Thachang Green Energy PCL's PB Ratio 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.

* Premium members only.

Thachang Green Energy PCL PB Ratio Chart

Thachang Green Energy PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.86

2.74

Thachang Green Energy PCL Quarterly Data
	Dec17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
PB Ratio	Get a 7-Day Free Trial														1.41	1.68	2.74	2.87	2.51

Competitive Comparison of Thachang Green Energy PCL's PB Ratio

For the Utilities - Renewable subindustry, Thachang Green Energy PCL's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Thachang Green Energy PCL's PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Thachang Green Energy PCL's PB Ratio distribution charts can be found below:

* The bar in red indicates where Thachang Green Energy PCL's PB Ratio falls into.

Thachang Green Energy PCL PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Thachang Green Energy PCL's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Jun. 2024)
	=	2.80	/	1.116
	=	2.51

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Thachang Green Energy PCL (BKK:TGE) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Thachang Green Energy PCL PB Ratio Related Terms

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Thachang Green Energy PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Thachang Green Energy PCL (BKK:TGE) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

159, Moo 3, Tambon Tha Chang, Amphoe Tha Chang, Surat Thani Province, THA, 84150

Website

https://www.tge.co.th

Thachang Green Energy PCL is engaged in generating and supplying electricity and steam from biomass. The group has two segments report which are comprised of biomass power plant business and waste power plant business.