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Major Development PCLBKK:MJD 34 Debt-to-EBITDA is 16.98 as of Mar. 2026, which is 1% below its 10-year median of 17.09. GuruFocus rates BKK:MJD with a GF Score™ of 34/100 and a GF Value™ of ฿1.03 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,277 Real Estate companies, Major Development PCL ranks worse than 78308.46% 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 Major Development PCL's Debt-to-EBITDA or its related term are showing as below:
BKK:MJD'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -10.7 Med: 17.09 Max: 71.35
Current: -10.7
During the past 13 years, the highest Debt-to-EBITDA Ratio of Major Development PCL was 71.35. The lowest was -10.70. And the median was 17.09.
BKK:MJD's Debt-to-EBITDA is ranked worse than 100% of 1277
companies
in the Real Estate industry
Industry Median: 5.54
vs BKK:MJD: -10.70
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.
Major Development PCL Debt-to-EBITDA Related Terms
Major Development PCL Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Major Development PCL's Debt-to-EBITDA can be seen below:
* 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.
Major Development PCL Debt-to-EBITDA Competitor Comparison
For the Real Estate - Development subindustry, Major Development 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.
Major Development PCL Debt-to-EBITDA vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Major Development PCL's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Major Development 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.
Major Development PCL (BKK:MJD) has a Debt-to-EBITDA of 16.98 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 Major Development PCL. This is near median its historical median of 17.09. According to the industry distribution chart, Major Development PCL ranks #999999 out of 1277 companies in the Real Estate industry.
Is Major Development PCL's Debt-to-EBITDA too high?
Major Development PCL's current Debt-to-EBITDA of 16.98 is near median its 10-year median of 17.09. The Real Estate industry median Debt-to-EBITDA is 5.54. Major Development PCL's value of 16.98 is 206.5% above this industry median. Based on the distribution chart, Major Development PCL ranks #999999 out of 1277 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Major Development PCL has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Major Development PCL's Debt-to-EBITDA compare to competitors?
According to the Real Estate industry distribution chart, Major Development PCL ranks #999999 out of 1277 companies for Debt-to-EBITDA. This places Major Development PCL in the lower half of its industry. The industry median Debt-to-EBITDA is 5.54. Major Development PCL's value of 16.98 is 206.5% above this benchmark. While the company's 10-year median is 17.09 vs. the industry median of 5.54, Major Development 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 Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.54, based on 1,277 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. Major Development PCL's current Debt-to-EBITDA of 16.98 is 206.5% 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 Major Development PCL. For the Real Estate industry, the median Debt-to-EBITDA is 5.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Major Development PCL's current Debt-to-EBITDA is 16.98, which is near median its own 10-year median of 17.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Development PCL stock overvalued right now?
Based on GuruFocus' analysis, Major Development PCL (BKK:MJD) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.03, compared to a current price of ฿0.33 — trading 68% below its estimated fair value. The current Debt-to-EBITDA is 16.98, which is near median its 10-year median of 17.09 and 206.5% above the Real Estate industry median of 5.54. Major Development PCL's overall GF Score™ is 34/100 with 3 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 Major Development PCL (BKK:MJD), the current Debt-to-EBITDA is 16.98 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 Major Development PCL (BKK:MJD) Overvalued in 2026?
Based on GuruFocus' analysis, Major Development PCL stock appears to be undervalued.
The current stock price of ฿0.33 is trading 68% below its estimated GF Value™ of ฿1.03.
GuruFocus considers Major Development PCL to be Possible Value Trap.
Key valuation signals for BKK:MJD:
Debt-to-EBITDA: 16.98 (near median its 10-year median of 17.09)
GF Value™: ฿1.03 vs. price of ฿0.33 (68% below fair value)
Industry Position: 206.5% above the Real Estate median (#999999 of 1277)
No single metric tells the full story. See the BKK:MJD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Major Development PCL is a Thailand-based real estate company. The operating segments of the group are the Property development business segment, the Hotel business segment, and the Rental and service business segment. It derives prime revenue from the Property development business segment, which engages in the development of land and houses and residential condominium units for sale. The group mainly operates in Thailand.
34GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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