Netbay PCLBKK:NETBAY +2.02%78 Debt-to-EBITDA is 0.10 as of Mar. 2026, which is 150% above its 10-year median of 0.04. GuruFocus rates BKK:NETBAY with a GF Score™ of 78/100 and a GF Value™ of ฿21.46 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,704 Software companies, Netbay PCL ranks better than 91.73% 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 Netbay PCL's Debt-to-EBITDA or its related term are showing as below:
BKK:NETBAY'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.11
Current: 0.06
During the past 11 years, the highest Debt-to-EBITDA Ratio of Netbay PCL was 0.11. The lowest was 0.00. And the median was 0.04.
BKK:NETBAY's Debt-to-EBITDA is ranked better than 91.73% of 1704
companies
in the Software industry
Industry Median: 1.1
vs BKK:NETBAY: 0.06
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.
Netbay PCL Debt-to-EBITDA Related Terms
Netbay PCL Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Netbay 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:NETBAY vs UBER, SHOP, CRM: Debt-to-EBITDA Comparison
For the Software - Application subindustry, Netbay 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.
Netbay PCL Debt-to-EBITDA vs Software Industry
For the Software industry and Technology sector, Netbay PCL's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Netbay 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.
Netbay PCL (BKK:NETBAY) has a Debt-to-EBITDA of 0.10 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 Netbay PCL. This is 150% above median its historical median of 0.04. According to the industry distribution chart, Netbay PCL ranks #141 out of 1704 companies in the Software industry, placing it in the top 8.3%.
Is Netbay PCL's Debt-to-EBITDA too high?
Netbay PCL's current Debt-to-EBITDA of 0.10 is 150% above median its 10-year median of 0.04. The Software industry median Debt-to-EBITDA is 1.10. Netbay PCL's value of 0.10 is 90.9% below this industry median. Based on the distribution chart, Netbay PCL ranks #141 out of 1704 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Netbay PCL has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netbay PCL's Debt-to-EBITDA compare to UBER and SHOP?
According to the Software industry distribution chart, Netbay PCL ranks #141 out of 1704 companies for Debt-to-EBITDA. This places Netbay PCL in the top 8% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 1.10. Netbay PCL's value of 0.10 is 90.9% below this benchmark. While the company's 10-year median is 0.04 vs. the industry median of 1.10, Netbay 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 Software company?
The median Debt-to-EBITDA among Software companies is 1.10, based on 1,704 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. Netbay PCL's current Debt-to-EBITDA of 0.10 is 90.9% 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 Netbay PCL. For the Software industry, the median Debt-to-EBITDA is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netbay PCL's current Debt-to-EBITDA is 0.10, which is 150% above median its own 10-year median of 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netbay PCL stock overvalued right now?
Based on GuruFocus' analysis, Netbay PCL (BKK:NETBAY) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿21.46, compared to a current price of ฿10.10 — trading 52.9% below its estimated fair value. The current Debt-to-EBITDA is 0.10, which is 150% above median its 10-year median of 0.04 and 90.9% below the Software industry median of 1.10. Netbay PCL's overall GF Score™ is 78/100 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 Netbay PCL (BKK:NETBAY), the current Debt-to-EBITDA is 0.10 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 Netbay PCL (BKK:NETBAY) Overvalued in 2026?
Based on GuruFocus' analysis, Netbay PCL stock appears to be undervalued.
The current stock price of ฿10.10 is trading 52.9% below its estimated GF Value™ of ฿21.46.
GuruFocus considers Netbay PCL to be Significantly Undervalued.
Key valuation signals for BKK:NETBAY:
Debt-to-EBITDA: 0.10 (150% above median its 10-year median of 0.04)
GF Value™: ฿21.46 vs. price of ฿10.10 (52.9% below fair value)
Industry Position: 90.9% below the Software median (#141 of 1704)
No single metric tells the full story. See the BKK:NETBAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment.
78GF Score
Get the complete analysis for BKK:NETBAY
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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