Pruksa Holding Public Company Limited (PSH) - Net Assets

Latest as of March 2026: ฿41.37 Billion THB ≈ $1.29 Billion USD

Based on the latest financial reports, Pruksa Holding Public Company Limited (PSH) has net assets worth ฿41.37 Billion THB (≈ $1.29 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 (฿60.39 Billion ≈ $1.88 Billion USD) and total liabilities (฿19.02 Billion ≈ $592.83 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 Pruksa Holding Public Company Limited (PSH) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿41.37 Billion
% of Total Assets	68.51%
Annual Growth Rate	12.06%
5-Year Change	-6.37%
10-Year Change	14.11%
Growth Volatility	15.11

Pruksa Holding Public Company Limited - Net Assets Trend (2004–2025)

This chart illustrates how Pruksa Holding Public Company Limited's net assets have evolved over time, based on quarterly financial data. See Pruksa Holding Public Company Limited (PSH) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Pruksa Holding Public Company Limited (2004–2025)

The table below shows the annual net assets of Pruksa Holding Public Company Limited from 2004 to 2025. For live valuation and market cap data, see PSH market cap overview.

Year	Net Assets	Change
2025-12-31	฿41.27 Billion ≈ $1.29 Billion	-5.06%
2024-12-31	฿43.47 Billion ≈ $1.35 Billion	-5.17%
2023-12-31	฿45.83 Billion ≈ $1.43 Billion	+0.57%
2022-12-31	฿45.58 Billion ≈ $1.42 Billion	+3.41%
2021-12-31	฿44.07 Billion ≈ $1.37 Billion	+0.65%
2020-12-31	฿43.79 Billion ≈ $1.36 Billion	-0.01%
2019-12-31	฿43.79 Billion ≈ $1.36 Billion	+4.58%
2018-12-31	฿41.87 Billion ≈ $1.31 Billion	+8.32%
2017-12-31	฿38.66 Billion ≈ $1.20 Billion	+6.90%
2016-12-31	฿36.16 Billion ≈ $1.13 Billion	+5.69%
2015-12-31	฿34.22 Billion ≈ $1.07 Billion	+15.18%
2014-12-31	฿29.71 Billion ≈ $925.95 Million	+19.15%
2013-12-31	฿24.93 Billion ≈ $777.13 Million	+24.16%
2012-12-31	฿20.08 Billion ≈ $625.93 Million	+18.15%
2011-12-31	฿17.00 Billion ≈ $529.76 Million	+11.35%
2010-12-31	฿15.26 Billion ≈ $475.74 Million	+17.20%
2009-12-31	฿13.02 Billion ≈ $405.91 Million	+28.81%
2008-12-31	฿10.11 Billion ≈ $315.12 Million	+23.61%
2007-12-31	฿8.18 Billion ≈ $254.93 Million	+11.47%
2006-12-31	฿7.34 Billion ≈ $228.71 Million	+17.03%
2005-12-31	฿6.27 Billion ≈ $195.43 Million	+65.86%
2004-12-31	฿3.78 Billion ≈ $117.82 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Pruksa Holding 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 1726.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿37.99 Billion	95.94%
Common Stock	฿2.19 Billion	5.53%
Other Comprehensive Income	฿-2.48 Billion	-6.27%
Other Components	฿1.90 Billion	4.80%
Total Equity	฿39.60 Billion	100.00%

Pruksa Holding Public Company Limited Competitors by Market Cap

The table below lists competitors of Pruksa Holding Public Company Limited ranked by their market capitalization.

Company	Market Cap
Eurobio Scientific SA PA:ALERS	$236.10 Million
Tatry Mountain Resorts a.s. PR:TMR	$236.11 Million
Activate Energy Acquisition Corp. Class A Ordinary Share NASDAQ:AEAQ	$236.21 Million
Talbros Automotive Components Limited NSE:TALBROAUTO	$236.35 Million
Perma-Pipe International Holdings Inc NASDAQ:PPIH	$235.98 Million
Pizza Pizza Royalty Corp. TO:PZA	$235.96 Million
Liaoning Kelong Fine ChemicalInc SHE:300405	$235.94 Million
Hyundai Cement KO:006390	$235.90 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 41,798,260,955 to 39,600,703,251, a change of -2,197,557,704 (-5.3%).
Net loss of 539,980,507 reduced equity.
Dividend payments of 175,069,875 reduced retained earnings.
Other comprehensive income decreased equity by 2,717,096,281.
Other factors increased equity by 1,234,588,959.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿-539.98 Million	-1.36%
Dividends Paid	฿175.07 Million	-0.44%
Other Comprehensive Income	฿-2.72 Billion	-6.86%
Other Changes	฿1.23 Billion	+3.12%
Total Change	฿-	-5.26%

Book Value vs Market Value Analysis

This analysis compares Pruksa Holding 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: 0.19x
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.
The price-to-book ratio has decreased from 0.38x to 0.19x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-12-31	฿9.08	฿3.46	x
2013-12-31	฿11.41	฿3.46	x
2014-12-31	฿13.59	฿3.46	x
2015-12-31	฿15.66	฿3.46	x
2016-12-31	฿16.20	฿3.46	x
2017-12-31	฿17.34	฿3.46	x
2018-12-31	฿18.81	฿3.46	x
2019-12-31	฿19.67	฿3.46	x
2020-12-31	฿19.66	฿3.46	x
2021-12-31	฿19.79	฿3.46	x
2022-12-31	฿20.09	฿3.46	x
2023-12-31	฿20.15	฿3.46	x
2024-12-31	฿19.03	฿3.46	x
2025-12-31	฿18.09	฿3.46	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Pruksa Holding 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): -1.36%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -3.84%
• Asset Turnover: 0.23x
• Equity Multiplier: 1.56x
Recent ROE (-1.36%) is below the historical average (15.35%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	24.61%	19.09%	0.55x	2.32x	฿552.19 Million
2005	20.29%	16.67%	0.78x	1.57x	฿645.38 Million
2006	17.76%	15.80%	0.88x	1.28x	฿569.53 Million
2007	15.53%	13.94%	0.82x	1.35x	฿451.98 Million
2008	23.47%	18.10%	0.80x	1.61x	฿1.36 Billion
2009	27.81%	19.05%	1.01x	1.45x	฿2.32 Billion
2010	22.85%	14.85%	0.69x	2.24x	฿1.96 Billion
2011	16.68%	12.11%	0.56x	2.47x	฿1.14 Billion
2012	19.41%	14.36%	0.62x	2.18x	฿1.89 Billion
2013	23.27%	14.93%	0.69x	2.25x	฿3.31 Billion
2014	22.40%	15.55%	0.70x	2.05x	฿3.68 Billion
2015	22.44%	14.99%	0.78x	1.91x	฿4.26 Billion
2016	16.77%	12.66%	0.71x	1.87x	฿2.40 Billion
2017	14.39%	12.42%	0.61x	1.91x	฿1.67 Billion
2018	14.63%	13.41%	0.55x	1.99x	฿1.91 Billion
2019	12.45%	13.44%	0.46x	2.02x	฿1.05 Billion
2020	6.44%	9.47%	0.37x	1.82x	฿-1.53 Billion
2021	5.43%	8.31%	0.39x	1.66x	฿-1.98 Billion
2022	6.30%	9.76%	0.41x	1.56x	฿-1.62 Billion
2023	5.00%	9.12%	0.35x	1.55x	฿-2.21 Billion
2024	1.09%	2.32%	0.30x	1.58x	฿-3.72 Billion
2025	-1.36%	-3.84%	0.23x	1.56x	฿-4.50 Billion

Industry Comparison

This section compares Pruksa Holding 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: $8,979,630,481
Average return on equity (ROE) among peers: 2.01%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Pruksa Holding Public Company Limited (PSH)	฿41.37 Billion	24.61%	0.46x	$236.07 Million
Areeya Property Public Company Limited (A)	$3.24 Billion	4.15%	3.10x	$147.84 Million
Amata Corporation Public Company Limited (AMATA)	$10.19 Billion	14.87%	1.18x	$967.80 Million
Amata Corporation Public Company Limited (AMATA-R)	$16.98 Billion	10.26%	1.14x	$605.77 Million
Ananda Development Public Company Limited (ANAN)	$5.88 Billion	13.80%	1.12x	$41.55 Million
AP (Thailand) Public Company Limited (AP)	$46.08 Billion	9.37%	0.86x	$720.70 Million
Baan Rock Garden Public Company Limited (BROCK)	$1.29 Billion	1.86%	0.04x	$37.38 Million
Country Group Development Public Company Limited (CGD)	$11.13 Million	0.00%	62.54x	$25.76 Million
Chewathai Public Company Limited (CHEWA)	$1.14 Billion	-36.18%	2.64x	$6.76 Million
Charn Issara Development Public Company Limited (CI)	$1.05 Billion	1.99%	1.56x	$10.64 Million
Eastern Star Real Estate Public Company Limited (ESTAR)	$3.95 Billion	0.00%	0.06x	$34.44 Million

About Pruksa Holding Public Company Limited

BK:PSH Thailand Real Estate - Development

Market Cap

$236.07 Million

฿7.57 Billion THB

Market Cap Rank

#15976 Global

#188 in Thailand

Share Price

฿3.46

Change (1 day)

+0.00%

52-Week Range

฿3.42 - ฿4.78

All Time High

฿15.72