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Lighting & Equipment PCLBKK:L&E -1.72%63 Debt-to-EBITDA is 13.70 as of Mar. 2026, which is 143% above its 10-year median of 5.64. GuruFocus rates BKK:L&E with a GF Score™ of 63/100 and a GF Value™ of ฿1.12 (Fairly Valued). The stock has 8 warning signs investors should review. Among 2,340 Industrial Products companies, Lighting & Equipment PCL ranks worse than 84.32% 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 Lighting & Equipment PCL's Debt-to-EBITDA or its related term are showing as below:
BKK:L&E'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.36 Med: 5.64 Max: 8.4
Current: 6.44
During the past 13 years, the highest Debt-to-EBITDA Ratio of Lighting & Equipment PCL was 8.40. The lowest was 4.36. And the median was 5.64.
BKK:L&E's Debt-to-EBITDA is ranked worse than 84.32% of 2340
companies
in the Industrial Products industry
Industry Median: 1.665
vs BKK:L&E: 6.44
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.
Lighting & Equipment PCL Debt-to-EBITDA Related Terms
Lighting & Equipment 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.
For the Electrical Equipment & Parts subindustry, Lighting & Equipment 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.
Lighting & Equipment PCL Debt-to-EBITDA vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Lighting & Equipment PCL's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Lighting & Equipment 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.
Lighting & Equipment PCL (BKK:L&E) has a Debt-to-EBITDA of 13.70 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 Lighting & Equipment PCL. This is 143% above median its historical median of 5.64. Over the past decade, Lighting & Equipment PCL's Debt-to-EBITDA has ranged from 4.36 to 8.40. According to the industry distribution chart, Lighting & Equipment PCL ranks #1973 out of 2340 companies in the Industrial Products industry, placing it in the top 84.3%.
Is Lighting & Equipment PCL's Debt-to-EBITDA too high?
Lighting & Equipment PCL's current Debt-to-EBITDA of 13.70 is 143% above median its 10-year median of 5.64. Over the past 10 years, this metric has ranged from a low of 4.36 to a high of 8.40. The Industrial Products industry median Debt-to-EBITDA is 1.67. Lighting & Equipment PCL's value of 13.70 is 722.8% above this industry median. Based on the distribution chart, Lighting & Equipment PCL ranks #1973 out of 2340 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Lighting & Equipment PCL has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lighting & Equipment PCL's Debt-to-EBITDA compare to VRT and BE?
According to the Industrial Products industry distribution chart, Lighting & Equipment PCL ranks #1973 out of 2340 companies for Debt-to-EBITDA. This places Lighting & Equipment PCL in the lower half of its industry. The industry median Debt-to-EBITDA is 1.67. Lighting & Equipment PCL's value of 13.70 is 722.8% above this benchmark. Historically, Lighting & Equipment PCL's own Debt-to-EBITDA has ranged from 4.36 to 8.40 over the past decade. While the company's 10-year median is 5.64 vs. the industry median of 1.67, Lighting & Equipment 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 an Industrial Products company?
The median Debt-to-EBITDA among Industrial Products companies is 1.67, based on 2,340 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. Lighting & Equipment PCL's current Debt-to-EBITDA of 13.70 is 722.8% 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 Lighting & Equipment PCL. For the Industrial Products industry, the median Debt-to-EBITDA is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lighting & Equipment PCL's current Debt-to-EBITDA is 13.70, which is 143% above median its own 10-year median of 5.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lighting & Equipment PCL stock overvalued right now?
Based on GuruFocus' analysis, Lighting & Equipment PCL (BKK:L&E) is currently considered Fairly Valued. The stock's GF Value™ is ฿1.12, compared to a current price of ฿1.14 — trading 1.8% above its estimated fair value. The current Debt-to-EBITDA is 13.70, which is 143% above median its 10-year median of 5.64 and 722.8% above the Industrial Products industry median of 1.67. Lighting & Equipment PCL's overall GF Score™ is 63/100 with 8 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 Lighting & Equipment PCL (BKK:L&E), the current Debt-to-EBITDA is 13.70 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 Lighting & Equipment PCL (BKK:L&E) Overvalued in 2026?
Based on GuruFocus' analysis, Lighting & Equipment PCL stock appears to be overvalued.
The current stock price of ฿1.14 is trading 1.8% above its estimated GF Value™ of ฿1.12.
GuruFocus considers Lighting & Equipment PCL to be Fairly Valued.
Key valuation signals for BKK:L&E:
Debt-to-EBITDA: 13.70 (143% above median its 10-year median of 5.64)
GF Value™: ฿1.12 vs. price of ฿1.14 (1.8% above fair value)
Industry Position: 722.8% above the Industrial Products median (#1973 of 2340)
No single metric tells the full story. See the BKK:L&E stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lighting & Equipment PCL is engaged in trading lighting fixtures, lamps, electrical equipment, and installation service and design of electric and lighting systems. Its other products include cable turning systems, light-emitting diodes (LEDs), light boxes, lighting control equipment, lighting poles, luminaries, optical fiber lighting, and others. These products are sold through two main channels, project and retail. The company operates in a single line of business, namely the lighting business in Thailand.
63GF Score
Get the complete analysis for BKK:L&E
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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