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International Research PCLBKK:IRCP 32 Debt-to-EBITDA is 2.11 as of Mar. 2026, which is 2% above its 10-year median of 2.07. GuruFocus rates BKK:IRCP with a GF Score™ of 32/100 and a GF Value™ of ฿0.32 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,731 Software companies, International Research PCL ranks worse than 57770.02% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for International Research PCL's Debt-to-EBITDA or its related term are showing as below:
BKK:IRCP'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -33.97 Med: 2.07 Max: 7.65
Current: -0.69
During the past 13 years, the highest Debt-to-EBITDA Ratio of International Research PCL was 7.65. The lowest was -33.97. And the median was 2.07.
BKK:IRCP's Debt-to-EBITDA is ranked worse than 100% of 1731
companies
in the Software industry
Industry Median: 0.99
vs BKK:IRCP: -0.69
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
International Research PCL Debt-to-EBITDA Related Terms
International Research PCL Debt-to-EBITDA Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BKK:IRCP vs IBM, ACN, FISV: Debt-to-EBITDA Comparison
For the Information Technology Services subindustry, International Research PCL's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
International Research PCL Debt-to-EBITDA vs Software Industry
For the Software industry and Technology sector, International Research PCL's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where International Research PCL's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
International Research PCL (BKK:IRCP) has a Debt-to-EBITDA of 2.11 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on International Research PCL. This is near median its historical median of 2.07. According to the industry distribution chart, International Research PCL ranks #999999 out of 1731 companies in the Software industry.
Is International Research PCL's Debt-to-EBITDA too high?
International Research PCL's current Debt-to-EBITDA of 2.11 is near median its 10-year median of 2.07. The Software industry median Debt-to-EBITDA is 0.99. International Research PCL's value of 2.11 is 113.1% above this industry median. Based on the distribution chart, International Research PCL ranks #999999 out of 1731 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, International Research PCL has a GF Score™ of 32/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does International Research PCL's Debt-to-EBITDA compare to IBM and ACN?
According to the Software industry distribution chart, International Research PCL ranks #999999 out of 1731 companies for Debt-to-EBITDA. This places International Research PCL in the lower half of its industry. The industry median Debt-to-EBITDA is 0.99. International Research PCL's value of 2.11 is 113.1% above this benchmark. While the company's 10-year median is 2.07 vs. the industry median of 0.99, International Research PCL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Software company?
The median Debt-to-EBITDA among Software companies is 0.99, based on 1,731 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. International Research PCL's current Debt-to-EBITDA of 2.11 is 113.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on International Research PCL. For the Software industry, the median Debt-to-EBITDA is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Research PCL's current Debt-to-EBITDA is 2.11, which is near median its own 10-year median of 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Research PCL stock overvalued right now?
Based on GuruFocus' analysis, International Research PCL (BKK:IRCP) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.32, compared to a current price of ฿0.29 — trading 9.4% below its estimated fair value. The current Debt-to-EBITDA is 2.11, which is near median its 10-year median of 2.07 and 113.1% above the Software industry median of 0.99. International Research PCL's overall GF Score™ is 32/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For International Research PCL (BKK:IRCP), the current Debt-to-EBITDA is 2.11 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is International Research PCL (BKK:IRCP) Overvalued in 2026?
Based on GuruFocus' analysis, International Research PCL stock appears to be undervalued.
The current stock price of ฿0.29 is trading 9.4% below its estimated GF Value™ of ฿0.32.
GuruFocus considers International Research PCL to be Fairly Valued.
Key valuation signals for BKK:IRCP:
Debt-to-EBITDA: 2.11 (near median its 10-year median of 2.07)
GF Value™: ฿0.32 vs. price of ฿0.29 (9.4% below fair value)
Industry Position: 113.1% above the Software median (#999999 of 1731)
No single metric tells the full story. See the BKK:IRCP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
International Research Corp PCL is engaged in distribution and system development services for information technology, network information systems, and telecommunication information systems. It operates in two reportable segments: project business and Non-project business. The company and its subsidiaries operate in Thailand only.
32GF Score
Get the complete analysis for BKK:IRCP
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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