Siam Wellness Group PCL (BKK:SPA) Debt-to-EBITDA : 1.76 (As of Mar. 2026) — 40% Above Median

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BKK:SPA Siam Wellness Group PCL BKK:SPA
79 GF Score
Price ฿3.18
GF Value ฿7.97
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Siam Wellness Group PCL Debt-to-EBITDA?

Siam Wellness Group PCL BKK:SPA 79 Debt-to-EBITDA is 1.76 as of Mar. 2026, which is 40% above its 10-year median of 1.26. GuruFocus rates BKK:SPA with a GF Score™ of 79/100 and a GF Value™ of ฿7.97 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 70 Personal Services companies, Siam Wellness Group PCL ranks better than 60% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Siam Wellness Group PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿175 Mil. Siam Wellness Group PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿893 Mil. Siam Wellness Group PCL's annualized EBITDA for the quarter that ended in Mar. 2026 was ฿607 Mil. Siam Wellness Group PCL's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 1.76.

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 Siam Wellness Group PCL's Debt-to-EBITDA or its related term are showing as below:

BKK:SPA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.4   Med: 1.26   Max: 95.11
Current: 1.9

During the past 13 years, the highest Debt-to-EBITDA Ratio of Siam Wellness Group PCL was 95.11. The lowest was 0.40. And the median was 1.26.

BKK:SPA's Debt-to-EBITDA is ranked better than
60% of 70 companies
in the Personal Services industry
Industry Median: 2.32 vs BKK:SPA: 1.90

Siam Wellness Group PCL  (BKK:SPA) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Siam Wellness Group PCL Debt-to-EBITDA Related Terms


Siam Wellness Group PCL Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Siam Wellness Group 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.

Siam Wellness Group PCL Debt-to-EBITDA Chart

Siam Wellness Group PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.14 6.02 1.43 1.08 1.89

Siam Wellness Group PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.24 1.56 1.84 1.70 1.76

BKK:SPA vs ROL, SCI, HRB: Debt-to-EBITDA Comparison

For the Personal Services subindustry, Siam Wellness Group 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.


Siam Wellness Group PCL Debt-to-EBITDA vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Siam Wellness Group PCL's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Siam Wellness Group PCL's Debt-to-EBITDA falls into.


BKK:SPA
79GF Score
Siam Wellness Group PCL BKK:SPA
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Siam Wellness Group PCL Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Siam Wellness Group PCL's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(164.008 + 869.827) / 547.817
=1.89

Siam Wellness Group PCL's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(174.741 + 893.107) / 606.56
=1.76

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 1.76 mean?
Siam Wellness Group PCL (BKK:SPA) has a Debt-to-EBITDA of 1.76 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 Siam Wellness Group PCL. This is 40% above median its historical median of 1.26. Over the past decade, Siam Wellness Group PCL's Debt-to-EBITDA has ranged from 0.40 to 95.11. According to the industry distribution chart, Siam Wellness Group PCL ranks #28 out of 70 companies in the Personal Services industry, placing it in the top 40%.
Is Siam Wellness Group PCL's Debt-to-EBITDA too high?
Siam Wellness Group PCL's current Debt-to-EBITDA of 1.76 is 40% above median its 10-year median of 1.26. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 95.11. The Personal Services industry median Debt-to-EBITDA is 2.32. Siam Wellness Group PCL's value of 1.76 is 24.1% below this industry median. Based on the distribution chart, Siam Wellness Group PCL ranks #28 out of 70 companies in the Personal Services industry, which is above the industry midpoint. Overall, Siam Wellness Group PCL has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Siam Wellness Group PCL's Debt-to-EBITDA compare to ROL and SCI?
According to the Personal Services industry distribution chart, Siam Wellness Group PCL ranks #28 out of 70 companies for Debt-to-EBITDA. This puts Siam Wellness Group PCL in the upper half of its industry. The industry median Debt-to-EBITDA is 2.32. Siam Wellness Group PCL's value of 1.76 is 24.1% below this benchmark. Historically, Siam Wellness Group PCL's own Debt-to-EBITDA has ranged from 0.40 to 95.11 over the past decade. While the company's 10-year median is 1.26 vs. the industry median of 2.32, Siam Wellness Group 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 Personal Services company?
The median Debt-to-EBITDA among Personal Services companies is 2.32, based on 70 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. Siam Wellness Group PCL's current Debt-to-EBITDA of 1.76 is 24.1% 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 Siam Wellness Group PCL. For the Personal Services industry, the median Debt-to-EBITDA is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siam Wellness Group PCL's current Debt-to-EBITDA is 1.76, which is 40% above median its own 10-year median of 1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siam Wellness Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Siam Wellness Group PCL (BKK:SPA) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿7.97, compared to a current price of ฿3.18 — trading 60.1% below its estimated fair value. The current Debt-to-EBITDA is 1.76, which is 40% above median its 10-year median of 1.26 and 24.1% below the Personal Services industry median of 2.32. Siam Wellness Group PCL's overall GF Score™ is 79/100 with 2 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 Siam Wellness Group PCL (BKK:SPA), the current Debt-to-EBITDA is 1.76 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 Siam Wellness Group PCL (BKK:SPA) Overvalued in 2026?

Based on GuruFocus' analysis, Siam Wellness Group PCL stock appears to be undervalued. The current stock price of ฿3.18 is trading 60.1% below its estimated GF Value™ of ฿7.97. GuruFocus considers Siam Wellness Group PCL to be Significantly Undervalued.

Key valuation signals for BKK:SPA:

  • Debt-to-EBITDA: 1.76 (40% above median its 10-year median of 1.26)
  • GF Value™: ฿7.97 vs. price of ฿3.18 (60.1% below fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 24.1% below the Personal Services median (#28 of 70)

No single metric tells the full story. See the BKK:SPA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Siam Wellness Group PCL Business Description

Address Prachasongkroh Road, 565, 567 B.U. Place Building, 22nd Floor, Soi Suthiporn, Dindaeng Sub-district, Dindaeng District, Bangkok, THA, 10400
Siam Wellness Group PCL is a Thailand-based company and is principally engaged in the spa business. The business is organized into three segments: Spa services, which operates day spa and destination spa. Also, provides spa management and spa consultancy services; Sales of spa products and healthy products, which distributes natural spa products both and spa equipment for domestic and international markets. and Hotel and restaurant which operates boutique resorts and restaurants. Key revenue is earned from providing spa services. The Group operates in Thailand.
79GF Score

Get the complete analysis for BKK:SPA

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿3.18
Price
฿7.97
GF Value