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TQM Alpha PCL
SET:TQM

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TQM Alpha PCL
SET:TQM
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Price: 13.8 THB -0.72%
Market Cap: ฿8.3B

P/B

2.8
Current
49%
Cheaper
vs 3-y average of 5.5

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2.8
=
Market Cap
฿7.6B
/
Total Equity
฿2.9B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2.8
=
Market Cap
฿7.6B
/
Total Equity
฿2.9B

Valuation Scenarios

TQM Alpha PCL is trading below its 3-year average

If P/B returns to its 3-Year Average (5.5), the stock would be worth ฿26.92 (95% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-69%
Maximum Upside
+133%
Average Upside
24%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 2.8 ฿13.8
0%
3-Year Average 5.5 ฿26.92
+95%
5-Year Average 6.6 ฿32.14
+133%
Industry Average 0.9 ฿4.28
-69%
Country Average 1 ฿4.95
-64%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
TH
TQM Alpha PCL
SET:TQM
8.2B THB 2.8 11.1
US
Marsh & McLennan Companies Inc
NYSE:MMC
84.8B USD 5.6 20.5
IE
Aon PLC
NYSE:AON
69.4B USD 7.4 18.8
US
Arthur J Gallagher & Co
NYSE:AJG
56.4B USD 2.4 37.2
US
Arthur J. Gallagher & Co.
SWB:GAH
26.2B EUR 1.3 20.5
UK
Willis Towers Watson PLC
NASDAQ:WTW
27.7B USD 3.4 17.1
US
Brown & Brown Inc
NYSE:BRO
22.7B USD 1.8 21.5
US
Reliance Global Group Inc
NASDAQ:RELI
9.7B USD 1 444.7 -1 391.4
US
Ryan Specialty Group Holdings Inc
NYSE:RYAN
9.3B USD 14.4 147.2
IN
PB Fintech Ltd
NSE:POLICYBZR
765.3B INR 11.4 133.5
US
Hagerty Inc
NYSE:HGTY
3.6B USD 11.8 93.9

Market Distribution

Higher than 87% of companies in Thailand
Percentile
87th
Based on 398 companies
87th percentile
2.8
Low
0.1 — 0.7
Typical Range
0.7 — 1.6
High
1.6 —
Distribution Statistics
Thailand
Min 0.1
30th Percentile 0.7
Median 1
70th Percentile 1.6
Max 30.3

TQM Alpha PCL
Glance View

Market Cap
8.3B THB
Industry
Insurance

TQM Alpha Public Co. Ltd. is a holding company, which engages in insurance business. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2018-12-20. The firm's principal activities include investment in companies that engage in non-life insurance broker, life insurance broker, and provision of services as a manager, caregiver, collect benefits and property management for related parties. The company also provides procurement and consulting services for computer software and hardware. Its segments include non-life insurance broker, life insurance broker, and consulting service for computer business. The company has four main business subsidiaries, which include TQM Insurance Broker Co., Ltd. and TJN Insurance Broker Co., Ltd., to operate as a non-life insurance broker, TQM Life Insurance Broker Co., Ltd., to operate as a life insurance broker, Casmatt Co., Ltd., is an information technology and software provider, and one associate, TQLD Co., Ltd., is an insurance-related advisory provider.

TQM Intrinsic Value
25.82 THB
Undervaluation 47%
Intrinsic Value
Price ฿13.8
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