STP&I PCL (BKK:STPI-R) Debt-to-EBITDA : 3.95 (As of Mar. 2026) — 169% Above Median


What is STP&I PCL Debt-to-EBITDA?

STP&I PCL BKK:STPI-R 57 Debt-to-EBITDA is 3.95 as of Mar. 2026, which is 169% above its 10-year median of 1.47. GuruFocus rates BKK:STPI-R with a GF Score™ of 57/100. The stock has 4 warning signs investors should review. Among 2,333 Industrial Products companies, STP&I PCL ranks worse than 71.32% on this metric.

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

STP&I PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿635.50 Mil. STP&I PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿2,773.62 Mil. STP&I PCL's annualized EBITDA for the quarter that ended in Mar. 2026 was ฿863.64 Mil. STP&I PCL's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 3.95.

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 STP&I PCL's Debt-to-EBITDA or its related term are showing as below:

BKK:STPI-R' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -6.37   Med: 1.47   Max: 25.93
Current: 3.7

During the past 13 years, the highest Debt-to-EBITDA Ratio of STP&I PCL was 25.93. The lowest was -6.37. And the median was 1.47.

BKK:STPI-R's Debt-to-EBITDA is ranked worse than
71.32% of 2333 companies
in the Industrial Products industry
Industry Median: 1.7 vs BKK:STPI-R: 3.70

STP&I PCL  (BKK:STPI-R) 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.


STP&I PCL Debt-to-EBITDA Related Terms


STP&I PCL Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for STP&I 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.

STP&I PCL Debt-to-EBITDA Chart

STP&I 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 1.77 25.93 5.06 8.45 3.68

STP&I 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 3.59 3.46 3.21 7.67 3.95

BKK:STPI-R vs CRS, ATI, MLI: Debt-to-EBITDA Comparison

For the Metal Fabrication subindustry, STP&I 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.


STP&I PCL Debt-to-EBITDA vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, STP&I PCL's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where STP&I PCL's Debt-to-EBITDA falls into.



STP&I PCL Debt-to-EBITDA Calculation

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

STP&I 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
=(760.979 + 2901.854) / 995.557
=3.68

STP&I 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
=(635.496 + 2773.618) / 863.636
=3.95

* 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 3.95 mean?
STP&I PCL (BKK:STPI-R) has a Debt-to-EBITDA of 3.95 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 STP&I PCL. This is 169% above median its historical median of 1.47. According to the industry distribution chart, STP&I PCL ranks #1664 out of 2333 companies in the Industrial Products industry, placing it in the top 71.3%.
Is STP&I PCL's Debt-to-EBITDA too high?
STP&I PCL's current Debt-to-EBITDA of 3.95 is 169% above median its 10-year median of 1.47. The Industrial Products industry median Debt-to-EBITDA is 1.70. STP&I PCL's value of 3.95 is 132.4% above this industry median. Based on the distribution chart, STP&I PCL ranks #1664 out of 2333 companies in the Industrial Products industry, which is below the industry midpoint. Overall, STP&I PCL has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does STP&I PCL's Debt-to-EBITDA compare to CRS and ATI?
According to the Industrial Products industry distribution chart, STP&I PCL ranks #1664 out of 2333 companies for Debt-to-EBITDA. This places STP&I PCL in the lower half of its industry. The industry median Debt-to-EBITDA is 1.70. STP&I PCL's value of 3.95 is 132.4% above this benchmark. While the company's 10-year median is 1.47 vs. the industry median of 1.70, STP&I 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 an Industrial Products company?
The median Debt-to-EBITDA among Industrial Products companies is 1.70, based on 2,333 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. STP&I PCL's current Debt-to-EBITDA of 3.95 is 132.4% 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 STP&I PCL. For the Industrial Products industry, the median Debt-to-EBITDA is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. STP&I PCL's current Debt-to-EBITDA is 3.95, which is 169% above median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is STP&I PCL stock overvalued right now?
STP&I PCL (BKK:STPI-R) has a current Debt-to-EBITDA of 3.95. The current Debt-to-EBITDA is 3.95, which is 169% above median its 10-year median of 1.47 and 132.4% above the Industrial Products industry median of 1.70. STP&I PCL's overall GF Score™ is 57/100 with 4 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 STP&I PCL (BKK:STPI-R), the current Debt-to-EBITDA is 3.95 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.

STP&I PCL Business Description

Other Exchanges STPI:Thailand
Address Sukhumvit 21 Road (Asoke), 32/24, 3rd Floor, Sino-Thai Tower, Kwaeng Klongtoey Nua, Khet Wattana, Bangkok, THA, 10110
STP&I PCL is engaged in steel fabrication work, and the manufacture of boilers and pressure vessels. Its products include Steel structure, Piping, Module providing services to engineering, fabrication and construction sectors. The company operates in five reportable segments namely, The fabrication work for construction and industrial purpose, Sale of electricity and servicing of electricity, Rental of property, and production and Distribution of hemp products. It has a business presence in Thailand, Spain, Japan, England, Sri Lanka and other countries.