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 Maybank Securities (Thailand) PCL's Debt-to-EBITDA or its related term are showing as below:
BKK:MST-R'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.44 Med: 10.97 Max: 13.71
Current: 8.6
During the past 13 years, the highest Debt-to-EBITDA Ratio of Maybank Securities (Thailand) PCL was 13.71. The lowest was 4.44. And the median was 10.97.
BKK:MST-R's Debt-to-EBITDA is ranked worse than 82.12% of 425
companies
in the Capital Markets industry
Industry Median: 1.54
vs BKK:MST-R: 8.60
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.
Maybank Securities (Thailand) PCL Debt-to-EBITDA Related Terms
Maybank Securities (Thailand) 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:MST-R vs MS, GS, SCHW: Debt-to-EBITDA Comparison
For the Capital Markets subindustry, Maybank Securities (Thailand) 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.
Maybank Securities (Thailand) PCL Debt-to-EBITDA vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Maybank Securities (Thailand) PCL's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Maybank Securities (Thailand) 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.
Maybank Securities (Thailand) PCL (BKK:MST-R) has a Debt-to-EBITDA of 4.92 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 Maybank Securities (Thailand) PCL. This is 55% below median its historical median of 10.97. Over the past decade, Maybank Securities (Thailand) PCL's Debt-to-EBITDA has ranged from 4.44 to 13.71. According to the industry distribution chart, Maybank Securities (Thailand) PCL ranks #349 out of 425 companies in the Capital Markets industry, placing it in the top 82.1%.
Is Maybank Securities (Thailand) PCL's Debt-to-EBITDA too high?
Maybank Securities (Thailand) PCL's current Debt-to-EBITDA of 4.92 is 55% below median its 10-year median of 10.97. Over the past 10 years, this metric has ranged from a low of 4.44 to a high of 13.71. The Capital Markets industry median Debt-to-EBITDA is 1.54. Maybank Securities (Thailand) PCL's value of 4.92 is 219.5% above this industry median. Based on the distribution chart, Maybank Securities (Thailand) PCL ranks #349 out of 425 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Maybank Securities (Thailand) PCL has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Maybank Securities (Thailand) PCL's Debt-to-EBITDA compare to MS and GS?
According to the Capital Markets industry distribution chart, Maybank Securities (Thailand) PCL ranks #349 out of 425 companies for Debt-to-EBITDA. This places Maybank Securities (Thailand) PCL in the lower half of its industry. The industry median Debt-to-EBITDA is 1.54. Maybank Securities (Thailand) PCL's value of 4.92 is 219.5% above this benchmark. Historically, Maybank Securities (Thailand) PCL's own Debt-to-EBITDA has ranged from 4.44 to 13.71 over the past decade. While the company's 10-year median is 10.97 vs. the industry median of 1.54, Maybank Securities (Thailand) 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 Capital Markets company?
The median Debt-to-EBITDA among Capital Markets companies is 1.54, based on 425 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. Maybank Securities (Thailand) PCL's current Debt-to-EBITDA of 4.92 is 219.5% 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 Maybank Securities (Thailand) PCL. For the Capital Markets industry, the median Debt-to-EBITDA is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maybank Securities (Thailand) PCL's current Debt-to-EBITDA is 4.92, which is 55% below median its own 10-year median of 10.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maybank Securities (Thailand) PCL stock overvalued right now?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a current Debt-to-EBITDA of 4.92. The stock's GF Value™ is ฿6.33, compared to a current price of ฿6.85 — trading 8.2% above its estimated fair value. The current Debt-to-EBITDA is 4.92, which is 55% below median its 10-year median of 10.97 and 219.5% above the Capital Markets industry median of 1.54. Maybank Securities (Thailand) PCL's overall GF Score™ is 58/100 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 Maybank Securities (Thailand) PCL (BKK:MST-R), the current Debt-to-EBITDA is 4.92 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 Maybank Securities (Thailand) PCL (BKK:MST-R) Overvalued in 2026?
Based on GuruFocus' analysis, Maybank Securities (Thailand) PCL stock appears to be overvalued.
The current stock price of ฿6.85 is trading 8.2% above its estimated GF Value™ of ฿6.33.
Key valuation signals for BKK:MST-R:
Debt-to-EBITDA: 4.92 (55% below median its 10-year median of 10.97)
GF Value™: ฿6.33 vs. price of ฿6.85 (8.2% above fair value)
Industry Position: 219.5% above the Capital Markets median (#349 of 425)
No single metric tells the full story. See the BKK:MST-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maybank Securities (Thailand) PCL Business Description
Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which also generates key revenue, provides services like securities brokering, derivative brokering, securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing and lending, and corporate finance advisory services.
58GF 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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