BTS Group Holdings Public Company Limited (BTS) - Net Assets

Latest as of March 2026: ฿100.10 Billion THB ≈ $3.12 Billion USD

Based on the latest financial reports, BTS Group Holdings Public Company Limited (BTS) has net assets worth ฿100.10 Billion THB (≈ $3.12 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿322.21 Billion ≈ $10.04 Billion USD) and total liabilities (฿222.11 Billion ≈ $6.92 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset allocation strategy of BTS Group Holdings Public Company Limite to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿100.10 Billion
% of Total Assets	31.07%
Annual Growth Rate	9.98%
5-Year Change	16.22%
10-Year Change	121.54%
Growth Volatility	257.02

BTS Group Holdings Public Company Limited - Net Assets Trend (2000–2026)

This chart illustrates how BTS Group Holdings Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of BTS Group Holdings Public Company Limite.

Annual Net Assets for BTS Group Holdings Public Company Limited (2000–2026)

The table below shows the annual net assets of BTS Group Holdings Public Company Limited from 2000 to 2026. Also explore BTS Group Holdings Public Company Limite (BTS) equity growth momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	฿100.10 Billion ≈ $3.12 Billion	-5.35%
2025-03-31	฿105.76 Billion ≈ $3.30 Billion	+59.29%
2024-03-31	฿66.39 Billion ≈ $2.07 Billion	-18.36%
2023-03-31	฿81.32 Billion ≈ $2.53 Billion	-5.58%
2022-03-31	฿86.13 Billion ≈ $2.68 Billion	+13.27%
2021-03-31	฿76.04 Billion ≈ $2.37 Billion	+13.07%
2020-03-31	฿67.25 Billion ≈ $2.10 Billion	+28.95%
2019-03-31	฿52.15 Billion ≈ $1.63 Billion	+12.50%
2018-03-31	฿46.36 Billion ≈ $1.44 Billion	+2.60%
2017-03-31	฿45.18 Billion ≈ $1.41 Billion	-3.70%
2016-03-31	฿46.92 Billion ≈ $1.46 Billion	-9.80%
2015-03-31	฿52.01 Billion ≈ $1.62 Billion	-12.97%
2014-03-31	฿59.76 Billion ≈ $1.86 Billion	+18.10%
2013-03-31	฿50.60 Billion ≈ $1.58 Billion	+37.01%
2012-03-31	฿36.93 Billion ≈ $1.15 Billion	-2.45%
2011-03-31	฿37.86 Billion ≈ $1.18 Billion	+1167.09%
2010-03-31	฿2.99 Billion ≈ $93.13 Million	-18.72%
2009-03-31	฿3.68 Billion ≈ $114.58 Million	+0.52%
2008-03-31	฿3.66 Billion ≈ $113.98 Million	+88.14%
2007-03-31	฿1.94 Billion ≈ $60.58 Million	+106.81%
2006-03-31	฿-28.53 Billion ≈ $-889.30 Million	-15.64%
2005-03-31	฿-24.67 Billion ≈ $-769.02 Million	-15.43%
2004-03-31	฿-21.37 Billion ≈ $-666.19 Million	-32.20%
2003-03-31	฿-16.17 Billion ≈ $-503.94 Million	-43.47%
2002-03-31	฿-11.27 Billion ≈ $-351.27 Million	-255.57%
2001-03-31	฿-3.17 Billion ≈ $-98.79 Million	-137.58%
2000-03-31	฿8.43 Billion ≈ $262.86 Million	--

Equity Component Analysis

This analysis shows how different components contribute to BTS Group Holdings Public Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 1332103589800.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Other Components	฿71.71 Billion	122.81%
Total Equity	฿58.39 Billion	100.00%

BTS Group Holdings Public Company Limited Competitors by Market Cap

The table below lists competitors of BTS Group Holdings Public Company Limited ranked by their market capitalization.

Company	Market Cap
Lihuayi Weiyuan Chemical Co Ltd SHG:600955	$1.00 Billion
CSSC Offshore & Marine Engineering (Group) Co Ltd F:GSZ	$1.00 Billion
Jiangsu Yinhe Electronics Co Ltd SHE:002519	$1.00 Billion
Whirlpool of India Limited NSE:WHIRLPOOL	$1.00 Billion
Genertec Universal Medical Group Company Limited F:5UM	$1.00 Billion
Altri SGPS SA LS:ALTR	$1.00 Billion
Sigma Lithium Resources Corp NASDAQ:SGML	$1.00 Billion
Shen Ma Industry Co Ltd SHG:600810	$1.00 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in BTS Group Holdings Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 58,105,628,000 to 58,392,070,326, a change of 286,442,326 (0.5%).
Net loss of 1,151,822,992 reduced equity.
Other comprehensive income decreased equity by 178,066,000.
Other factors increased equity by 1,616,331,318.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	฿-1.15 Billion	-1.97%
Other Comprehensive Income	฿-178.07 Million	-0.3%
Other Changes	฿1.62 Billion	+2.77%
Total Change	฿-	0.49%

Book Value vs Market Value Analysis

This analysis compares BTS Group Holdings Public Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.55x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	฿-282.52	฿2.00	x
2006-03-31	฿-314.90	฿2.00	x
2007-03-31	฿4.03	฿2.00	x
2008-03-31	฿3.73	฿2.00	x
2009-03-31	฿3.73	฿2.00	x
2010-03-31	฿0.86	฿2.00	x
2011-03-31	฿4.16	฿2.00	x
2012-03-31	฿3.87	฿2.00	x
2013-03-31	฿4.74	฿2.00	x
2014-03-31	฿4.90	฿2.00	x
2015-03-31	฿4.27	฿2.00	x
2016-03-31	฿3.84	฿2.00	x
2017-03-31	฿3.56	฿2.00	x
2018-03-31	฿3.43	฿2.00	x
2019-03-31	฿3.27	฿2.00	x
2020-03-31	฿4.30	฿2.00	x
2021-03-31	฿4.57	฿2.00	x
2022-03-31	฿4.71	฿2.00	x
2023-03-31	฿4.26	฿2.00	x
2024-03-31	฿3.53	฿2.00	x
2025-03-31	฿4.05	฿2.00	x
2026-03-31	฿3.63	฿2.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently BTS Group Holdings Public Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): -1.97%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -5.45%
• Asset Turnover: 0.07x
• Equity Multiplier: 5.52x
Recent ROE (-1.97%) is below the historical average (67.17%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	0.00%	-85.18%	0.05x	0.00x	฿-41.23 Million
2006	0.00%	-351.23%	0.02x	0.00x	฿2.40 Billion
2007	1348.71%	744.86%	0.51x	3.57x	฿26.02 Billion
2008	29.89%	43.95%	0.37x	1.83x	฿724.91 Million
2009	0.53%	1.83%	0.16x	1.85x	฿-346.94 Million
2010	4.64%	14.29%	0.20x	1.62x	฿-259.35 Million
2011	0.82%	4.17%	0.11x	1.84x	฿-3.19 Billion
2012	5.97%	26.40%	0.12x	1.90x	฿-1.42 Billion
2013	5.11%	44.56%	0.08x	1.38x	฿-2.38 Billion
2014	21.84%	58.51%	0.28x	1.33x	฿6.85 Billion
2015	5.80%	47.97%	0.09x	1.32x	฿-2.13 Billion
2016	9.11%	78.66%	0.08x	1.43x	฿-404.65 Million
2017	4.75%	26.41%	0.08x	2.22x	฿-2.21 Billion
2018	10.87%	36.28%	0.11x	2.61x	฿355.18 Million
2019	7.41%	6.26%	0.32x	3.72x	฿-1.00 Billion
2020	14.86%	23.35%	0.20x	3.15x	฿2.67 Billion
2021	7.61%	13.18%	0.16x	3.52x	฿-1.44 Billion
2022	6.16%	14.85%	0.10x	4.12x	฿-2.38 Billion
2023	3.28%	10.19%	0.07x	4.83x	฿-3.77 Billion
2024	-11.26%	-28.84%	0.07x	5.85x	฿-9.90 Billion
2025	3.64%	11.69%	0.06x	5.55x	฿-3.69 Billion
2026	-1.97%	-5.45%	0.07x	5.52x	฿-6.99 Billion

Industry Comparison

This section compares BTS Group Holdings Public Company Limited's net assets metrics with peer companies in the Railroads industry.

Industry Context

Industry: Railroads
Average net assets among peers: $2,982,814,043
Average return on equity (ROE) among peers: -11.69%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
BTS Group Holdings Public Company Limited (BTS)	฿100.10 Billion	0.00%	2.22x	$1.00 Billion
ATP 30 Public Company Limited (ATP30)	$548.36 Million	8.30%	1.32x	$16.59 Million
Bangkok Expressway and Metro Public Company Limited (BEM)	$5.42 Billion	-31.68%	2.64x	$3.06 Billion

About BTS Group Holdings Public Company Limited

BK:BTS Thailand Railroads

Market Cap

$1.00 Billion

฿32.19 Billion THB

Market Cap Rank

#8897 Global

#79 in Thailand

Share Price

฿2.00

Change (1 day)

-0.99%

52-Week Range

฿1.99 - ฿3.24

All Time High

฿12.26