True PCL (BKK:TRUE) PB Ratio : 3.49 (As of May. 12, 2024)

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What is True 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 (2024-05-12), True PCL's share price is ฿8.60. True PCL's Book Value per Share for the quarter that ended in Mar. 2024 was ฿2.46. Hence, True PCL's PB Ratio of today is 3.49.

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

BKK:TRUE' s PB Ratio Range Over the Past 10 Years
Min: 0.72 Med: 1.92 Max: 33.28
Current: 3.49

During the past 13 years, True PCL's highest PB Ratio was 33.28. The lowest was 0.72. And the median was 1.92.

BKK:TRUE's PB Ratio is ranked worse than
78.51% of 363 companies
in the Telecommunication Services industry
Industry Median: 1.72 vs BKK:TRUE: 3.49

During the past 12 months, True PCL's average Book Value Per Share Growth Rate was -16.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -0.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -12.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 8.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of True PCL was 151.10% per year. The lowest was -33.10% per year. And the median was 10.20% per year.

Back to Basics: PB Ratio

True PCL PB Ratio Historical Data

The historical data trend for True 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.

True PCL PB Ratio Chart

True PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.22

1.35

1.96

2.65

2.03

True PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
PB Ratio	Get a 7-Day Free Trial															2.85	2.27	2.51	2.03	3.09

Competitive Comparison of True PCL's PB Ratio

For the Telecom Services subindustry, True 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.

True PCL's PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, True PCL's PB Ratio distribution charts can be found below:

* The bar in red indicates where True PCL's PB Ratio falls into.

True 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.

True PCL's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Mar. 2024)
	=	8.60	/	2.463
	=	3.49

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.

True PCL (BKK:TRUE) 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.

True PCL PB Ratio Related Terms

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True PCL (BKK:TRUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » True Corp PCL (BKK:TRUE) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

TCPFF:USA TAF1:Germany

Address

18 True Tower, Ratchadaphisek Road, Huai Khwang, Bangkok, THA, 10310

Website

https://www.truecorp.co.th

True Corp PCL is a triple-play telecommunications company. It operates through three business segments: TrueOnline, TrueMove H, and TrueVisions. The majority of revenue is derived from TrueMove H, the company's mobile services product offering. The majority of the company's customer base in its mobile services division is considered prepaid. TrueOnline comprises the company's fixed-line telephone and public phone services, Internet, and business data services. TrueVisions is the group's pay-TV service. It is delivered via digital direct-to-home satellite and hybrid fibre-coaxial cable network platforms. It operates in a single geographical area, which is Thailand.