President Bakery Public Company Limited (PB) - Net Assets

Latest as of September 2025: ฿12.59 Billion THB ≈ $392.45 Million USD

Based on the latest financial reports, President Bakery Public Company Limited (PB) has net assets worth ฿12.59 Billion THB (≈ $392.45 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿13.72 Billion ≈ $427.62 Million USD) and total liabilities (฿1.13 Billion ≈ $35.17 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 PB cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿12.59 Billion
% of Total Assets	91.78%
Annual Growth Rate	13.81%
5-Year Change	34.52%
10-Year Change	133.65%
Growth Volatility	13.44

President Bakery Public Company Limited - Net Assets Trend (2002–2024)

This chart illustrates how President Bakery Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore President Bakery Public Company Limited (PB) total assets for the complete picture of this company's asset base.

Annual Net Assets for President Bakery Public Company Limited (2002–2024)

The table below shows the annual net assets of President Bakery Public Company Limited from 2002 to 2024. For live valuation and market cap data, see President Bakery Public Company Limited (PB) total market value.

Year	Net Assets	Change
2024-12-31	฿12.44 Billion ≈ $387.85 Million	+5.98%
2023-12-31	฿11.74 Billion ≈ $365.98 Million	+7.39%
2022-12-31	฿10.93 Billion ≈ $340.80 Million	+7.83%
2021-12-31	฿10.14 Billion ≈ $316.07 Million	+9.63%
2020-12-31	฿9.25 Billion ≈ $288.31 Million	+10.52%
2019-12-31	฿8.37 Billion ≈ $260.87 Million	+12.78%
2018-12-31	฿7.42 Billion ≈ $231.31 Million	+10.64%
2017-12-31	฿6.71 Billion ≈ $209.07 Million	+10.15%
2016-12-31	฿6.09 Billion ≈ $189.81 Million	+14.35%
2015-12-31	฿5.33 Billion ≈ $166.00 Million	+15.11%
2014-12-31	฿4.63 Billion ≈ $144.20 Million	+13.37%
2013-12-31	฿4.08 Billion ≈ $127.19 Million	+14.55%
2012-12-31	฿3.56 Billion ≈ $111.04 Million	+12.69%
2011-12-31	฿3.16 Billion ≈ $98.53 Million	+16.56%
2010-12-31	฿2.71 Billion ≈ $84.53 Million	+14.51%
2009-12-31	฿2.37 Billion ≈ $73.82 Million	+12.77%
2008-12-31	฿2.10 Billion ≈ $65.46 Million	+12.79%
2007-12-31	฿1.86 Billion ≈ $58.04 Million	+7.85%
2006-12-31	฿1.73 Billion ≈ $53.82 Million	+74.64%
2005-12-31	฿988.61 Million ≈ $30.81 Million	+14.34%
2004-12-31	฿864.63 Million ≈ $26.95 Million	+9.45%
2003-12-31	฿789.95 Million ≈ $24.62 Million	+9.31%
2002-12-31	฿722.64 Million ≈ $22.52 Million	--

Equity Component Analysis

This analysis shows how different components contribute to President Bakery 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 grown by 6542.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿11.16 Billion	89.72%
Common Stock	฿450.00 Million	3.62%
Other Comprehensive Income	฿45.00 Million	0.36%
Other Components	฿784.07 Million	6.30%
Total Equity	฿12.44 Billion	100.00%

President Bakery Public Company Limited Competitors by Market Cap

The table below lists competitors of President Bakery Public Company Limited ranked by their market capitalization.

Company	Market Cap
Beijing Bewinner Communications Co Ltd SHE:002148	$669.92 Million
Tianjin Jiuri New Materials Co Ltd SHG:688199	$670.50 Million
Kornit Digital Ltd NASDAQ:KRNT	$670.74 Million
Guangdong Dp Co Ltd SHE:300808	$670.78 Million
Bank of Kaohsiung Ltd TW:2836	$669.72 Million
Guangdong Brandmax Marketing Co Ltd SHE:300805	$669.54 Million
Shandong Ruifeng Chemical Co Ltd SHE:300243	$669.51 Million
Pet Acquisition LLC NASDAQ:WOOF	$669.36 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 11,741,679,102 to 12,443,327,107, a change of 701,648,005 (6.0%).
Net income of 1,590,585,080 contributed positively to equity growth.
Dividend payments of 913,500,000 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿1.59 Billion	+12.78%
Dividends Paid	฿913.50 Million	-7.34%
Other Changes	฿24.56 Million	+0.2%
Total Change	฿-	5.98%

Book Value vs Market Value Analysis

This analysis compares President Bakery 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: 1.73x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 144.90x to 1.73x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	฿0.33	฿47.75	x
2006-12-31	฿4.52	฿47.75	x
2007-12-31	฿4.14	฿47.75	x
2008-12-31	฿4.67	฿47.75	x
2009-12-31	฿5.26	฿47.75	x
2010-12-31	฿6.03	฿47.75	x
2011-12-31	฿7.02	฿47.75	x
2012-12-31	฿7.92	฿47.75	x
2013-12-31	฿9.07	฿47.75	x
2014-12-31	฿10.28	฿47.75	x
2015-12-31	฿11.83	฿47.75	x
2016-12-31	฿13.53	฿47.75	x
2017-12-31	฿14.91	฿47.75	x
2018-12-31	฿16.49	฿47.75	x
2019-12-31	฿18.60	฿47.75	x
2020-12-31	฿20.56	฿47.75	x
2021-12-31	฿22.53	฿47.75	x
2022-12-31	฿24.30	฿47.75	x
2023-12-31	฿26.09	฿47.75	x
2024-12-31	฿27.65	฿47.75	x

Capital Efficiency Dashboard

This dashboard shows how efficiently President Bakery 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): 12.78%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 21.26%
• Asset Turnover: 0.54x
• Equity Multiplier: 1.11x
Recent ROE (12.78%) is below the historical average (19.31%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	14.03%	7.14%	1.39x	1.41x	฿31.81 Million
2004	15.58%	7.45%	1.51x	1.39x	฿48.22 Million
2005	19.37%	8.92%	1.34x	1.62x	฿92.62 Million
2006	16.17%	11.03%	1.10x	1.33x	฿106.49 Million
2007	15.01%	10.10%	1.11x	1.34x	฿93.37 Million
2008	19.03%	10.95%	1.23x	1.42x	฿189.62 Million
2009	21.53%	13.00%	1.24x	1.33x	฿273.04 Million
2010	22.74%	13.37%	1.23x	1.39x	฿345.59 Million
2011	26.07%	14.89%	1.28x	1.37x	฿507.96 Million
2012	23.97%	14.37%	1.25x	1.34x	฿497.51 Million
2013	23.14%	14.73%	1.21x	1.30x	฿536.25 Million
2014	22.50%	15.19%	1.15x	1.29x	฿578.53 Million
2015	24.50%	17.76%	1.09x	1.26x	฿772.09 Million
2016	24.02%	19.33%	1.01x	1.24x	฿853.98 Million
2017	19.91%	17.93%	0.93x	1.19x	฿664.77 Million
2018	19.29%	19.10%	0.86x	1.17x	฿689.24 Million
2019	20.32%	21.96%	0.82x	1.13x	฿863.80 Million
2020	18.15%	23.50%	0.69x	1.11x	฿753.68 Million
2021	16.64%	23.57%	0.64x	1.11x	฿673.63 Million
2022	15.61%	22.67%	0.62x	1.12x	฿613.57 Million
2023	14.54%	22.65%	0.58x	1.10x	฿533.60 Million
2024	12.78%	21.26%	0.54x	1.11x	฿346.25 Million

Industry Comparison

This section compares President Bakery Public Company Limited's net assets metrics with peer companies in the Packaged Foods industry.

Industry Context

Industry: Packaged Foods
Average net assets among peers: $2,011,315,413
Average return on equity (ROE) among peers: -1.53%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
President Bakery Public Company Limited (PB)	฿12.59 Billion	14.03%	0.09x	$669.75 Million
Asian Sea Corporation Public Company Limited (ASIAN)	$1.16 Billion	17.18%	0.90x	$178.46 Million
Seafresh Industry Public Company Limited (CFRESH)	$2.61 Billion	6.61%	1.01x	$23.98 Million
Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI)	$1.07 Billion	5.19%	0.24x	$15.37 Million
Chiangmai Frozen Foods Public Company Limited (CM)	$1.28 Billion	-4.35%	0.28x	$19.25 Million
GFPT Public Company Limited (GFPT)	$3.37 Billion	-14.90%	0.60x	$349.77 Million
J.S.P. Property Public Company Limited (JSP)	$5.11 Billion	13.75%	0.74x	$28.10 Million
Thai Ha Public Company Limited (KASET)	$236.43 Million	-29.19%	1.83x	$7.19 Million
Lee Feed Mill Public Company Limited (LEE)	$2.29 Billion	13.39%	0.14x	$69.45 Million
Malee Group Public Company Limited (MALEE)	$984.47 Million	-21.45%	3.25x	$69.74 Million

About President Bakery Public Company Limited

BK:PB Thailand Packaged Foods

Market Cap

$669.75 Million

฿21.49 Billion THB

Market Cap Rank

#11158 Global

#106 in Thailand

Share Price

฿47.75

Change (1 day)

-0.52%

52-Week Range

฿44.25 - ฿54.25

All Time High

฿70.76