AP (Thailand) PCL Ratios and Metrics

Market cap in millions THB. Fiscal year is January - December.

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 2, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	27,684	27,055	25,482	35,549	36,492	30,043
Market Cap Growth	9.32%	6.17%	-28.32%	-2.59%	21.47%	31.72%
Enterprise Value	57,161	58,585	56,682	67,044	54,892	47,558
Last Close Price	8.80	8.60	7.48	9.75	9.50	7.46
PE Ratio	6.41	6.27	5.08	5.87	6.21	6.61
Forward PE	5.74	5.61	4.58	5.62	6.30	6.67
PS Ratio	0.74	0.72	0.68	0.93	0.94	0.94
PB Ratio	0.60	0.59	0.58	0.87	0.99	0.93
P/TBV Ratio	0.60	0.59	0.59	0.88	1.00	0.93
P/FCF Ratio	15.47	15.11	8.38	-	-	15.19
P/OCF Ratio	15.08	14.73	8.28	-	-	14.79
PEG Ratio	-	-	6.69	0.72	0.62	0.68
EV/Sales Ratio	1.52	1.56	1.52	1.75	1.42	1.49
EV/EBITDA Ratio	9.34	10.78	9.49	10.10	9.04	10.01
EV/EBIT Ratio	9.71	11.27	9.65	10.26	9.20	10.23
EV/FCF Ratio	31.93	32.73	18.65	-	-	24.04
Debt / Equity Ratio	0.68	0.68	0.76	0.84	0.63	0.66
Debt / EBITDA Ratio	5.77	5.77	5.43	5.08	3.73	4.38
Debt / FCF Ratio	17.51	17.51	10.90	-	-	10.81
Net Debt / Equity Ratio	0.64	0.64	0.70	0.79	0.59	0.60
Net Debt / EBITDA Ratio	5.43	5.43	5.12	4.87	3.54	4.07
Net Debt / FCF Ratio	16.48	16.48	10.06	-2.97	-10.86	9.76
Asset Turnover	0.44	0.44	0.44	0.50	0.60	0.54
Inventory Turnover	0.35	0.35	0.34	0.37	0.48	0.45
Quick Ratio	0.12	0.12	0.15	0.10	0.11	0.17
Current Ratio	4.43	4.43	4.03	3.50	3.79	4.10
Return on Equity (ROE)	9.62%	9.62%	11.90%	15.63%	17.00%	14.73%
Return on Assets (ROA)	3.81%	3.81%	4.35%	5.37%	5.80%	4.88%
Return on Invested Capital (ROIC)	5.62%	5.70%	6.49%	8.19%	8.98%	7.67%
Return on Capital Employed (ROCE)	7.60%	7.60%	8.90%	10.40%	11.30%	9.70%
Earnings Yield	15.59%	15.96%	19.70%	17.03%	16.11%	15.12%
FCF Yield	6.47%	6.62%	11.93%	-30.67%	-5.42%	6.59%
Dividend Yield	6.52%	-	8.03%	7.18%	6.85%	6.70%
Payout Ratio	43.73%	43.73%	43.82%	33.77%	26.75%	31.16%
Total Shareholder Return	6.52%	-	8.03%	7.18%	6.85%	6.70%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.