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 M.K. Real Estate Development PCL's Debt-to-EBITDA or its related term are showing as below:
BKK:MK-R'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 8.44 Med: 16.07 Max: 63.32
Current: 20.89
During the past 13 years, the highest Debt-to-EBITDA Ratio of M.K. Real Estate Development PCL was 63.32. The lowest was 8.44. And the median was 16.07.
BKK:MK-R's Debt-to-EBITDA is ranked worse than 89.31% of 1272
companies
in the Real Estate industry
Industry Median: 5.6
vs BKK:MK-R: 20.89
M.K. Real Estate Development PCL (BKK:MK-R) Debt-to-EBITDA Explanation
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.
M.K. Real Estate Development PCL Debt-to-EBITDA Related Terms
M.K. Real Estate Development 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.
M.K. Real Estate Development PCL Debt-to-EBITDA Chart
M.K. Real Estate Development PCL Debt-to-EBITDA Competitor Comparison
For the Real Estate - Development subindustry, M.K. Real Estate 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.
M.K. Real Estate Development PCL Debt-to-EBITDA vs Real Estate Industry
For the Real Estate industry and Real Estate sector, M.K. Real Estate Development PCL's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where M.K. Real Estate 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.
M.K. Real Estate Development PCL (BKK:MK-R) has a Debt-to-EBITDA of 23.66 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 M.K. Real Estate Development PCL. This is 47% above median its historical median of 16.07. Over the past decade, M.K. Real Estate Development PCL's Debt-to-EBITDA has ranged from 8.44 to 63.32. According to the industry distribution chart, M.K. Real Estate Development PCL ranks #1136 out of 1272 companies in the Real Estate industry, placing it in the top 89.3%.
Is M.K. Real Estate Development PCL's Debt-to-EBITDA too high?
M.K. Real Estate Development PCL's current Debt-to-EBITDA of 23.66 is 47% above median its 10-year median of 16.07. Over the past 10 years, this metric has ranged from a low of 8.44 to a high of 63.32. The Real Estate industry median Debt-to-EBITDA is 5.60. M.K. Real Estate Development PCL's value of 23.66 is 322.5% above this industry median. Based on the distribution chart, M.K. Real Estate Development PCL ranks #1136 out of 1272 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, M.K. Real Estate Development PCL has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does M.K. Real Estate Development PCL's Debt-to-EBITDA compare to competitors?
According to the Real Estate industry distribution chart, M.K. Real Estate Development PCL ranks #1136 out of 1272 companies for Debt-to-EBITDA. This places M.K. Real Estate Development PCL in the lower half of its industry. The industry median Debt-to-EBITDA is 5.60. M.K. Real Estate Development PCL's value of 23.66 is 322.5% above this benchmark. Historically, M.K. Real Estate Development PCL's own Debt-to-EBITDA has ranged from 8.44 to 63.32 over the past decade. While the company's 10-year median is 16.07 vs. the industry median of 5.60, M.K. Real Estate 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 5.60, based on 1,272 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. M.K. Real Estate Development PCL's current Debt-to-EBITDA of 23.66 is 322.5% 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 M.K. Real Estate Development PCL. For the Real Estate industry, the median Debt-to-EBITDA is 5.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M.K. Real Estate Development PCL's current Debt-to-EBITDA is 23.66, which is 47% above median its own 10-year median of 16.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M.K. Real Estate Development PCL stock overvalued right now?
M.K. Real Estate Development PCL (BKK:MK-R) has a current Debt-to-EBITDA of 23.66. The stock's GF Value™ is ฿3.66, compared to a current price of ฿2.76 — trading 24.7% below its estimated fair value. The current Debt-to-EBITDA is 23.66, which is 47% above median its 10-year median of 16.07 and 322.5% above the Real Estate industry median of 5.60. M.K. Real Estate Development PCL's overall GF Score™ is 5/100 with 7 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 M.K. Real Estate Development PCL (BKK:MK-R), the current Debt-to-EBITDA is 23.66 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 M.K. Real Estate Development PCL (BKK:MK-R) Overvalued in 2026?
Based on GuruFocus' analysis, M.K. Real Estate Development PCL stock appears to be undervalued.
The current stock price of ฿2.76 is trading 24.7% below its estimated GF Value™ of ฿3.66.
Key valuation signals for BKK:MK-R:
Debt-to-EBITDA: 23.66 (47% above median its 10-year median of 16.07)
GF Value™: ฿3.66 vs. price of ฿2.76 (24.7% below fair value)
Industry Position: 322.5% above the Real Estate median (#1136 of 1272)
No single metric tells the full story. See the BKK:MK-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
M.K. Real Estate Development PCL Business Description
M.K. Real Estate Development PCL is a Thailand-based real estate developer. The principal activities of the Group are property development for sale including land, land and house, construction for the Company's own projects, land and building rental, and a health and wellness center. The group has four reportable segments: Real estate; Rental warehouse, factory, and others; Property management; Health and wellness center. The majority of revenue is from rental warehouses, factory, and others. The Group is mainly managed and operates principally in Thailand. There are no revenues derived from foreign countries.
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