Wave Entertainment Public Company Limited (WAVE) - Net Assets

Latest as of March 2026: ฿219.08 Million THB ≈ $6.83 Million USD

Based on the latest financial reports, Wave Entertainment Public Company Limited (WAVE) has net assets worth ฿219.08 Million THB (≈ $6.83 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 (฿552.71 Million ≈ $17.23 Million USD) and total liabilities (฿333.63 Million ≈ $10.40 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 Wave Entertainment Public Company Limite tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿219.08 Million
% of Total Assets	39.64%
Annual Growth Rate	-5.49%
5-Year Change	78.76%
10-Year Change	-85.28%
Growth Volatility	117.45

Wave Entertainment Public Company Limited - Net Assets Trend (2000–2025)

This chart illustrates how Wave Entertainment Public Company Limited's net assets have evolved over time, based on quarterly financial data. See WAVE defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Wave Entertainment Public Company Limited (2000–2025)

The table below shows the annual net assets of Wave Entertainment Public Company Limited from 2000 to 2025. For live valuation and market cap data, see WAVE market cap overview.

Year	Net Assets	Change
2025-12-31	฿232.88 Million ≈ $7.26 Million	-15.33%
2024-12-31	฿275.03 Million ≈ $8.57 Million	-73.35%
2023-12-31	฿1.03 Billion ≈ $32.17 Million	+18.95%
2022-12-31	฿867.68 Million ≈ $27.04 Million	+566.07%
2021-12-31	฿130.27 Million ≈ $4.06 Million	-84.10%
2020-12-31	฿819.15 Million ≈ $25.53 Million	-46.47%
2019-12-31	฿1.53 Billion ≈ $47.70 Million	+8.24%
2018-12-31	฿1.41 Billion ≈ $44.07 Million	+7.65%
2017-12-31	฿1.31 Billion ≈ $40.94 Million	-16.96%
2016-12-31	฿1.58 Billion ≈ $49.30 Million	+33.97%
2015-12-31	฿1.18 Billion ≈ $36.80 Million	+119.23%
2014-12-31	฿538.47 Million ≈ $16.78 Million	+16.45%
2013-12-31	฿462.41 Million ≈ $14.41 Million	+1.71%
2012-12-31	฿454.66 Million ≈ $14.17 Million	-0.95%
2011-12-31	฿459.02 Million ≈ $14.31 Million	-2.75%
2010-12-31	฿471.98 Million ≈ $14.71 Million	+0.74%
2009-12-31	฿468.53 Million ≈ $14.60 Million	-15.26%
2008-12-31	฿552.92 Million ≈ $17.23 Million	+10.26%
2007-12-31	฿501.45 Million ≈ $15.63 Million	-32.21%
2006-12-31	฿739.68 Million ≈ $23.06 Million	-1.64%
2005-12-31	฿752.04 Million ≈ $23.44 Million	+12.32%
2004-12-31	฿669.56 Million ≈ $20.87 Million	-5.74%
2003-12-31	฿710.36 Million ≈ $22.14 Million	+5.87%
2002-12-31	฿670.97 Million ≈ $20.91 Million	-9.21%
2001-12-31	฿738.99 Million ≈ $23.03 Million	-22.72%
2000-12-31	฿956.25 Million ≈ $29.81 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Wave Entertainment 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 110611038000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	฿5.73 Billion	1200.53%
Other Comprehensive Income	฿1.58 Million	0.33%
Total Equity	฿477.41 Million	100.00%

Wave Entertainment Public Company Limited Competitors by Market Cap

The table below lists competitors of Wave Entertainment Public Company Limited ranked by their market capitalization.

Company	Market Cap
Greencore Group LSE:GNC	$10.72 Million
TSR Capital Bhd KLSE:5042	$10.73 Million
AB Panevezio Statybos Trestas STU:YK3	$10.74 Million
J-Long Group Limited NASDAQ:JL	$10.74 Million
NETCLASS TECHNOLOGY INC Class A Ordinary Shares NASDAQ:NTCL	$10.71 Million
Goyal Aluminiums Limited NSE:GOYALALUM	$10.71 Million
TalkPool AG ST:TALK	$10.71 Million
Portage Biotech Inc NASDAQ:PRTG	$10.71 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 495,491,673 to 477,413,313, a change of -18,078,360 (-3.6%).
Net income of 524,193,690 contributed positively to equity growth.
New share issuances of 949,648 increased equity.
Other comprehensive income increased equity by 2,005,687.
Other factors decreased equity by 545,227,385.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿524.19 Million	+109.8%
Share Issuances	฿949.65K	+0.2%
Other Comprehensive Income	฿2.01 Million	+0.42%
Other Changes	฿-545.23 Million	-114.2%
Total Change	฿-	-3.65%

Book Value vs Market Value Analysis

This analysis compares Wave Entertainment 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: 0.72x
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 increased from 0.06x to 0.72x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-12-31	฿0.47	฿0.03	x
2005-12-31	฿0.53	฿0.03	x
2006-12-31	฿0.52	฿0.03	x
2007-12-31	฿0.35	฿0.03	x
2008-12-31	฿0.37	฿0.03	x
2009-12-31	฿0.31	฿0.03	x
2010-12-31	฿0.33	฿0.03	x
2011-12-31	฿0.32	฿0.03	x
2012-12-31	฿0.32	฿0.03	x
2013-12-31	฿0.32	฿0.03	x
2014-12-31	฿0.38	฿0.03	x
2015-12-31	฿0.51	฿0.03	x
2016-12-31	฿0.64	฿0.03	x
2017-12-31	฿0.42	฿0.03	x
2018-12-31	฿0.42	฿0.03	x
2019-12-31	฿0.38	฿0.03	x
2020-12-31	฿0.41	฿0.03	x
2021-12-31	฿0.04	฿0.03	x
2022-12-31	฿0.37	฿0.03	x
2023-12-31	฿0.11	฿0.03	x
2024-12-31	฿0.05	฿0.03	x
2025-12-31	฿0.04	฿0.03	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Wave Entertainment 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): 109.80%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 129.76%
• Asset Turnover: 0.70x
• Equity Multiplier: 1.20x
Recent ROE (109.80%) is above the historical average (-27.94%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	0.40%	0.27%	1.13x	1.28x	฿-93.10 Million
2003	12.92%	8.05%	1.29x	1.25x	฿21.20 Million
2004	12.87%	8.27%	1.32x	1.17x	฿19.54 Million
2005	11.97%	8.83%	1.17x	1.16x	฿14.88 Million
2006	5.51%	6.66%	0.76x	1.08x	฿-33.29 Million
2007	-39.85%	-131.70%	0.27x	1.14x	฿-250.42 Million
2008	-4.25%	-15.56%	0.25x	1.08x	฿-78.78 Million
2009	-2.36%	-16.74%	0.12x	1.14x	฿-57.92 Million
2010	0.73%	2.19%	0.29x	1.14x	฿-43.75 Million
2011	-2.82%	-10.71%	0.24x	1.09x	฿-58.86 Million
2012	-0.96%	-2.90%	0.29x	1.12x	฿-49.82 Million
2013	1.68%	2.73%	0.54x	1.14x	฿-38.49 Million
2014	14.13%	11.99%	0.25x	4.63x	฿22.21 Million
2015	5.02%	1.68%	0.54x	5.50x	฿-36.06 Million
2016	5.07%	2.22%	0.74x	3.08x	฿-55.44 Million
2017	-32.00%	-11.15%	0.75x	3.82x	฿-352.18 Million
2018	-22.46%	-7.68%	0.75x	3.90x	฿-272.48 Million
2019	-10.02%	-7.70%	0.32x	4.05x	฿-167.31 Million
2020	-27.61%	-32.25%	0.36x	2.35x	฿-308.05 Million
2021	-528.43%	-240.66%	0.33x	6.73x	฿-701.41 Million
2022	-22.02%	-66.78%	0.24x	1.39x	฿-277.83 Million
2023	-1.66%	-3.55%	0.28x	1.70x	฿-111.66 Million
2024	-156.25%	-165.39%	0.40x	2.37x	฿-823.76 Million
2025	109.80%	129.76%	0.70x	1.20x	฿476.45 Million

Industry Comparison

This section compares Wave Entertainment Public Company Limited's net assets metrics with peer companies in the Education & Training Services industry.

No peer company data available for comparison.

About Wave Entertainment Public Company Limited

BK:WAVE Thailand Education & Training Services

Market Cap

$10.72 Million

฿343.89 Million THB

Market Cap Rank

#26875 Global

#550 in Thailand

Share Price

฿0.03

Change (1 day)

+0.00%

52-Week Range

฿0.02 - ฿0.04

All Time High

฿1.36