Major Development Public Company Limited (MJD) - Net Assets

Latest as of March 2026: ฿2.19 Billion THB ≈ $68.40 Million USD

Based on the latest financial reports, Major Development Public Company Limited (MJD) has net assets worth ฿2.19 Billion THB (≈ $68.40 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿14.62 Billion ≈ $455.84 Million USD) and total liabilities (฿12.43 Billion ≈ $387.44 Million 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 MJD capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿2.19 Billion
% of Total Assets	15.0%
Annual Growth Rate	5.35%
5-Year Change	-57.43%
10-Year Change	-42.96%
Growth Volatility	35.45

Major Development Public Company Limited - Net Assets Trend (2006–2025)

This chart illustrates how Major Development Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see MJD company net worth.

Annual Net Assets for Major Development Public Company Limited (2006–2025)

The table below shows the annual net assets of Major Development Public Company Limited from 2006 to 2025. Also explore Major Development Public Company Limited (MJD) equity growth momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	฿2.26 Billion ≈ $70.46 Million	-48.26%
2024-12-31	฿4.37 Billion ≈ $136.19 Million	-5.87%
2023-12-31	฿4.64 Billion ≈ $144.68 Million	-6.41%
2022-12-31	฿4.96 Billion ≈ $154.60 Million	-6.59%
2021-12-31	฿5.31 Billion ≈ $165.50 Million	-6.08%
2020-12-31	฿5.65 Billion ≈ $176.21 Million	+3.61%
2019-12-31	฿5.46 Billion ≈ $170.07 Million	+19.37%
2018-12-31	฿4.57 Billion ≈ $142.47 Million	+20.76%
2017-12-31	฿3.78 Billion ≈ $117.97 Million	-4.49%
2016-12-31	฿3.96 Billion ≈ $123.53 Million	+12.04%
2015-12-31	฿3.54 Billion ≈ $110.25 Million	+15.24%
2014-12-31	฿3.07 Billion ≈ $95.67 Million	+27.60%
2013-12-31	฿2.41 Billion ≈ $74.97 Million	+15.00%
2012-12-31	฿2.09 Billion ≈ $65.20 Million	-3.87%
2011-12-31	฿2.18 Billion ≈ $67.82 Million	-12.59%
2010-12-31	฿2.49 Billion ≈ $77.59 Million	+3.88%
2009-12-31	฿2.40 Billion ≈ $74.69 Million	+8.94%
2008-12-31	฿2.20 Billion ≈ $68.56 Million	+7.49%
2007-12-31	฿2.05 Billion ≈ $63.78 Million	+143.66%
2006-12-31	฿839.87 Million ≈ $26.18 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Major Development 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 37.6% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿211.92 Million	9.36%
Common Stock	฿860.41 Million	38.01%
Other Comprehensive Income	฿315.85 Million	13.95%
Other Components	฿875.27 Million	38.67%
Total Equity	฿2.26 Billion	100.00%

Major Development Public Company Limited Competitors by Market Cap

The table below lists competitors of Major Development Public Company Limited ranked by their market capitalization.

Company	Market Cap
Ely Gold Royalties Inc V:ELY	$8.85 Million
Anmol India Limited NSE:ANMOL	$8.86 Million
Iron Horse Acquisitions Corp. Common Stock NASDAQ:IROH	$8.86 Million
Ayo Technology Solutions Ltd JSE:AYO	$8.86 Million
Max Resource Corp V:MAX	$8.83 Million
Jackpot Digital Inc V:JJ	$8.83 Million
Urban Logistics Reit PLC LSE:SHED	$8.83 Million
Rostra AG F:3330	$8.82 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 4,371,382,244 to 2,263,440,840, a change of -2,107,941,404 (-48.2%).
Net loss of 2,109,931,643 reduced equity.
Other comprehensive income decreased equity by 78,618,086.
Other factors increased equity by 80,608,325.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿-2.11 Billion	-93.22%
Other Comprehensive Income	฿-78.62 Million	-3.47%
Other Changes	฿80.61 Million	+3.56%
Total Change	฿-	-48.22%

Book Value vs Market Value Analysis

This analysis compares Major Development 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: 0.13x
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
2007-12-31	฿3.92	฿0.33	x
2008-12-31	฿3.16	฿0.33	x
2009-12-31	฿3.42	฿0.33	x
2010-12-31	฿3.01	฿0.33	x
2011-12-31	฿3.00	฿0.33	x
2012-12-31	฿2.98	฿0.33	x
2013-12-31	฿2.99	฿0.33	x
2014-12-31	฿3.50	฿0.33	x
2015-12-31	฿3.98	฿0.33	x
2016-12-31	฿4.62	฿0.33	x
2017-12-31	฿4.32	฿0.33	x
2018-12-31	฿5.33	฿0.33	x
2019-12-31	฿6.34	฿0.33	x
2020-12-31	฿6.57	฿0.33	x
2021-12-31	฿6.17	฿0.33	x
2022-12-31	฿5.76	฿0.33	x
2023-12-31	฿5.40	฿0.33	x
2024-12-31	฿5.08	฿0.33	x
2025-12-31	฿2.63	฿0.33	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Major Development 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): -93.22%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -106.33%
• Asset Turnover: 0.13x
• Equity Multiplier: 6.60x
Recent ROE (-93.22%) is below the historical average (1.06%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	31.01%	16.09%	0.58x	3.31x	฿176.48 Million
2007	13.67%	12.62%	0.42x	2.60x	฿75.08 Million
2008	19.69%	16.31%	0.33x	3.67x	฿213.23 Million
2009	16.97%	13.56%	0.36x	3.47x	฿166.99 Million
2010	7.61%	6.44%	0.37x	3.21x	฿-59.46 Million
2011	8.41%	6.80%	0.32x	3.81x	฿-34.69 Million
2012	-4.33%	-3.54%	0.25x	4.95x	฿-300.56 Million
2013	-6.91%	-4.88%	0.23x	6.19x	฿-398.53 Million
2014	21.86%	11.14%	0.44x	4.51x	฿357.76 Million
2015	3.51%	3.71%	0.23x	4.18x	฿-229.42 Million
2016	10.39%	7.84%	0.33x	4.01x	฿15.51 Million
2017	-4.86%	-5.77%	0.16x	5.19x	฿-562.40 Million
2018	16.04%	13.95%	0.27x	4.19x	฿276.06 Million
2019	5.88%	5.41%	0.30x	3.59x	฿-224.65 Million
2020	3.53%	2.84%	0.37x	3.32x	฿-366.01 Million
2021	-6.65%	-8.22%	0.27x	3.01x	฿-884.21 Million
2022	-7.47%	-13.42%	0.17x	3.32x	฿-866.40 Million
2023	-7.09%	-15.22%	0.12x	3.74x	฿-793.59 Million
2024	-6.84%	-12.66%	0.13x	4.04x	฿-736.05 Million
2025	-93.22%	-106.33%	0.13x	6.60x	฿-2.34 Billion

Industry Comparison

This section compares Major Development Public Company Limited's net assets metrics with peer companies in the Real Estate - Development industry.

Industry Context

Industry: Real Estate - Development
Average net assets among peers: $10,505,331,076
Average return on equity (ROE) among peers: 1.77%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Major Development Public Company Limited (MJD)	฿2.19 Billion	31.01%	5.66x	$8.85 Million
Areeya Property Public Company Limited (A)	$3.11 Billion	-11.12%	3.14x	$147.84 Million
Amata Corporation Public Company Limited (AMATA)	$4.31 Billion	18.13%	1.14x	$1.14 Billion
Amata Corporation Public Company Limited (AMATA-R)	$24.41 Billion	9.59%	0.95x	$605.77 Million
Ananda Development Public Company Limited (ANAN)	$17.24 Billion	-2.02%	1.28x	$41.55 Million
AP (Thailand) Public Company Limited (AP)	$40.74 Billion	14.86%	1.06x	$784.44 Million
Baan Rock Garden Public Company Limited (BROCK)	$1.25 Billion	1.46%	0.04x	$35.14 Million
Country Group Development Public Company Limited (CGD)	$4.45 Billion	-5.66%	2.70x	$23.19 Million
Chewathai Public Company Limited (CHEWA)	$1.86 Billion	-5.02%	2.59x	$5.17 Million
Charn Issara Development Public Company Limited (CI)	$3.02 Billion	-8.49%	2.69x	$11.64 Million
Eastern Star Real Estate Public Company Limited (ESTAR)	$4.67 Billion	5.99%	0.46x	$37.57 Million

About Major Development Public Company Limited

BK:MJD Thailand Real Estate - Development

Market Cap

$8.85 Million

฿283.94 Million THB

Market Cap Rank

#27470 Global

#574 in Thailand

Share Price

฿0.33

Change (1 day)

+3.13%

52-Week Range

฿0.30 - ฿0.52

All Time High

฿3.80