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Next Capital PCLBKK:NCAP-R -0.77%67 Debt-to-EBITDA is 6.82 as of Jun. 2026, which is 52% below its 10-year median of 14.13. GuruFocus rates BKK:NCAP-R with a GF Score™ of 67/100 and a GF Value™ of ฿2.83 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 282 Credit Services companies, Next Capital PCL ranks better than 57.8% 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 Next Capital PCL's Debt-to-EBITDA or its related term are showing as below:
BKK:NCAP-R'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 6.09 Med: 14.13 Max: 20.39
Current: 6.14
During the past 8 years, the highest Debt-to-EBITDA Ratio of Next Capital PCL was 20.39. The lowest was 6.09. And the median was 14.13.
BKK:NCAP-R's Debt-to-EBITDA is ranked better than 57.8% of 282
companies
in the Credit Services industry
Industry Median: 8.565
vs BKK:NCAP-R: 6.14
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.
Next Capital PCL Debt-to-EBITDA Related Terms
Next Capital PCL Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Next Capital 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.
BKK:NCAP-R vs V, MA, AXP: Debt-to-EBITDA Comparison
For the Credit Services subindustry, Next Capital 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.
Next Capital PCL Debt-to-EBITDA vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Next Capital PCL's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Next Capital 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 (Jun. 2026) EBITDA data.
Next Capital PCL (BKK:NCAP-R) has a Debt-to-EBITDA of 6.82 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Next Capital PCL. This is 52% below median its historical median of 14.13. Over the past decade, Next Capital PCL's Debt-to-EBITDA has ranged from 6.09 to 20.39. According to the industry distribution chart, Next Capital PCL ranks #119 out of 282 companies in the Credit Services industry, placing it in the top 42.2%.
Is Next Capital PCL's Debt-to-EBITDA too high?
Next Capital PCL's current Debt-to-EBITDA of 6.82 is 52% below median its 10-year median of 14.13. Over the past 10 years, this metric has ranged from a low of 6.09 to a high of 20.39. The Credit Services industry median Debt-to-EBITDA is 8.57. Next Capital PCL's value of 6.82 is 20.4% below this industry median. Based on the distribution chart, Next Capital PCL ranks #119 out of 282 companies in the Credit Services industry, which is above the industry midpoint. Overall, Next Capital PCL has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Next Capital PCL's Debt-to-EBITDA compare to V and MA?
According to the Credit Services industry distribution chart, Next Capital PCL ranks #119 out of 282 companies for Debt-to-EBITDA. This puts Next Capital PCL in the upper half of its industry. The industry median Debt-to-EBITDA is 8.57. Next Capital PCL's value of 6.82 is 20.4% below this benchmark. Historically, Next Capital PCL's own Debt-to-EBITDA has ranged from 6.09 to 20.39 over the past decade. While the company's 10-year median is 14.13 vs. the industry median of 8.57, Next Capital PCL has consistently been below 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 Credit Services company?
The median Debt-to-EBITDA among Credit Services companies is 8.57, based on 282 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. Next Capital PCL's current Debt-to-EBITDA of 6.82 is 20.4% below 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 Next Capital PCL. For the Credit Services industry, the median Debt-to-EBITDA is 8.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next Capital PCL's current Debt-to-EBITDA is 6.82, which is 52% below median its own 10-year median of 14.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next Capital PCL stock overvalued right now?
Based on GuruFocus' analysis, Next Capital PCL (BKK:NCAP-R) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿2.83, compared to a current price of ฿3.61 — trading 27.4% above its estimated fair value. The current Debt-to-EBITDA is 6.82, which is 52% below median its 10-year median of 14.13 and 20.4% below the Credit Services industry median of 8.57. Next Capital PCL's overall GF Score™ is 67/100 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 Next Capital PCL (BKK:NCAP-R), the current Debt-to-EBITDA is 6.82 as of Jun. 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 Next Capital PCL (BKK:NCAP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Next Capital PCL stock appears to be overvalued.
The current stock price of ฿3.61 is trading 27.4% above its estimated GF Value™ of ฿2.83.
GuruFocus considers Next Capital PCL to be Modestly Overvalued.
Key valuation signals for BKK:NCAP-R:
Debt-to-EBITDA: 6.82 (52% below median its 10-year median of 14.13)
GF Value™: ฿2.83 vs. price of ฿3.61 (27.4% above fair value)
Industry Position: 20.4% below the Credit Services median (#119 of 282)
No single metric tells the full story. See the BKK:NCAP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Next Capital PCL is principally engaged in the financial services specifically motorcycle hire-purchase and loans secured against vehicle registrations. It operates in two segments: Motorcycle hire-purchase and Loans secured against vehicle registrations.
67GF Score
Get the complete analysis for BKK:NCAP-R
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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