Thai Optical Group Public Company Limited (TOG) - Net Assets

Latest as of September 2025: ฿2.35 Billion THB ≈ $73.14 Million USD

Based on the latest financial reports, Thai Optical Group Public Company Limited (TOG) has net assets worth ฿2.35 Billion THB (≈ $73.14 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 (฿4.50 Billion ≈ $140.23 Million USD) and total liabilities (฿2.15 Billion ≈ $67.09 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 TOG asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿2.35 Billion
% of Total Assets	52.16%
Annual Growth Rate	6.18%
5-Year Change	29.47%
10-Year Change	29.98%
Growth Volatility	11.24

Thai Optical Group Public Company Limited - Net Assets Trend (2003–2024)

This chart illustrates how Thai Optical Group Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Thai Optical Group Public Company Limite balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Thai Optical Group Public Company Limited (2003–2024)

The table below shows the annual net assets of Thai Optical Group Public Company Limited from 2003 to 2024. For live valuation and market cap data, see TOG market cap.

Year	Net Assets	Change
2024-12-31	฿2.34 Billion ≈ $72.90 Million	+4.52%
2023-12-31	฿2.24 Billion ≈ $69.75 Million	+5.81%
2022-12-31	฿2.11 Billion ≈ $65.92 Million	+8.08%
2021-12-31	฿1.96 Billion ≈ $60.99 Million	+8.32%
2020-12-31	฿1.81 Billion ≈ $56.31 Million	-0.07%
2019-12-31	฿1.81 Billion ≈ $56.35 Million	-1.61%
2018-12-31	฿1.84 Billion ≈ $57.27 Million	-0.58%
2017-12-31	฿1.85 Billion ≈ $57.61 Million	-0.42%
2016-12-31	฿1.86 Billion ≈ $57.85 Million	+3.14%
2015-12-31	฿1.80 Billion ≈ $56.09 Million	+4.73%
2014-12-31	฿1.72 Billion ≈ $53.55 Million	+3.22%
2013-12-31	฿1.66 Billion ≈ $51.89 Million	+4.50%
2012-12-31	฿1.59 Billion ≈ $49.65 Million	+8.03%
2011-12-31	฿1.47 Billion ≈ $45.96 Million	-10.81%
2010-12-31	฿1.65 Billion ≈ $51.53 Million	+1.56%
2009-12-31	฿1.63 Billion ≈ $50.74 Million	+0.83%
2008-12-31	฿1.61 Billion ≈ $50.32 Million	+24.24%
2007-12-31	฿1.30 Billion ≈ $40.50 Million	+5.78%
2006-12-31	฿1.23 Billion ≈ $38.29 Million	+25.80%
2005-12-31	฿976.42 Million ≈ $30.43 Million	+2.74%
2004-12-31	฿950.38 Million ≈ $29.62 Million	+43.23%
2003-12-31	฿663.52 Million ≈ $20.68 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Thai Optical Group 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 190.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿1.16 Billion	49.54%
Common Stock	฿474.32 Million	20.28%
Other Comprehensive Income	฿60.50 Million	2.59%
Other Components	฿645.50 Million	27.60%
Total Equity	฿2.34 Billion	100.00%

Thai Optical Group Public Company Limited Competitors by Market Cap

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

Company	Market Cap
Pasofino Gold Limited V:VEIN	$98.33 Million
Canadian Net Real Estate Investment Trust V:NET-UN	$98.34 Million
Markforged Holding Corp NYSE:MKFG	$98.34 Million
Genovate Biotechnology Co Ltd TWO:4130	$98.37 Million
Themis Medicare Limited NSE:THEMISMED	$98.31 Million
Favelle Favco Bhd KLSE:7229	$98.29 Million
Papaya Growth Opportunity Corp I NASDAQ:PPYA	$98.24 Million
Globrands Group Ltd TA:GLRS	$98.23 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 2,237,781,450 to 2,338,907,057, a change of 101,125,607 (4.5%).
Net income of 412,225,297 contributed positively to equity growth.
Dividend payments of 308,039,160 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿412.23 Million	+17.62%
Dividends Paid	฿308.04 Million	-13.17%
Other Changes	฿-3.06 Million	-0.13%
Total Change	฿-	4.52%

Book Value vs Market Value Analysis

This analysis compares Thai Optical Group 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: 1.35x
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 2.26x to 1.35x 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	฿2.94	฿6.65	x
2006-12-31	฿3.27	฿6.65	x
2007-12-31	฿3.25	฿6.65	x
2008-12-31	฿3.85	฿6.65	x
2009-12-31	฿3.46	฿6.65	x
2010-12-31	฿3.50	฿6.65	x
2011-12-31	฿3.12	฿6.65	x
2012-12-31	฿3.37	฿6.65	x
2013-12-31	฿3.52	฿6.65	x
2014-12-31	฿3.62	฿6.65	x
2015-12-31	฿3.79	฿6.65	x
2016-12-31	฿3.91	฿6.65	x
2017-12-31	฿3.90	฿6.65	x
2018-12-31	฿3.87	฿6.65	x
2019-12-31	฿3.81	฿6.65	x
2020-12-31	฿3.81	฿6.65	x
2021-12-31	฿4.13	฿6.65	x
2022-12-31	฿4.46	฿6.65	x
2023-12-31	฿4.72	฿6.65	x
2024-12-31	฿4.93	฿6.65	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Thai Optical Group 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): 17.62%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 11.86%
• Asset Turnover: 0.79x
• Equity Multiplier: 1.88x
Recent ROE (17.62%) is above the historical average (9.55%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	1.06%	1.07%	0.54x	1.82x	฿-59.34 Million
2004	6.65%	6.25%	0.71x	1.49x	฿-31.80 Million
2005	5.39%	4.82%	0.75x	1.50x	฿-45.04 Million
2006	7.37%	7.23%	0.82x	1.24x	฿-32.36 Million
2007	10.39%	9.97%	0.86x	1.22x	฿5.11 Million
2008	8.88%	9.44%	0.82x	1.15x	฿-18.06 Million
2009	8.02%	9.69%	0.72x	1.15x	฿-32.16 Million
2010	8.53%	9.56%	0.74x	1.21x	฿-24.29 Million
2011	-4.47%	-5.73%	0.62x	1.25x	฿-213.33 Million
2012	10.45%	11.49%	0.70x	1.29x	฿7.10 Million
2013	9.26%	9.46%	0.81x	1.21x	฿-12.26 Million
2014	11.83%	11.10%	0.83x	1.28x	฿31.46 Million
2015	12.76%	12.59%	0.81x	1.25x	฿49.69 Million
2016	13.49%	12.95%	0.75x	1.40x	฿64.76 Million
2017	9.93%	9.77%	0.71x	1.43x	฿-1.37 Million
2018	7.95%	7.93%	0.72x	1.39x	฿-37.72 Million
2019	7.31%	6.60%	0.77x	1.43x	฿-48.65 Million
2020	3.81%	3.74%	0.65x	1.56x	฿-111.87 Million
2021	15.85%	13.03%	0.82x	1.48x	฿114.44 Million
2022	19.08%	13.81%	0.89x	1.56x	฿192.12 Million
2023	19.02%	14.22%	0.74x	1.81x	฿201.89 Million
2024	17.62%	11.86%	0.79x	1.88x	฿178.33 Million

Industry Comparison

This section compares Thai Optical Group Public Company Limited's net assets metrics with peer companies in the Medical Instruments & Supplies industry.

No peer company data available for comparison.

About Thai Optical Group Public Company Limited

BK:TOG Thailand Medical Instruments & Supplies

Market Cap

$98.31 Million

฿3.15 Billion THB

Market Cap Rank

#19251 Global

#272 in Thailand

Share Price

฿6.65

Change (1 day)

+0.76%

52-Week Range

฿6.35 - ฿8.30

All Time High

฿12.22