Tipco Asphalt PCL (BKK:TASCO-R) Debt-to-EBITDA : 1.04 (As of Mar. 2026) — 21% Above Median


BKK:TASCO-R Tipco Asphalt PCL BKK:TASCO-R
81 GF Score
Price ฿13.09
GF Value ฿13.42
! 6 Warning Signs
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What is Tipco Asphalt PCL Debt-to-EBITDA?

Tipco Asphalt PCL BKK:TASCO-R 81 Debt-to-EBITDA is 1.04 as of Mar. 2026, which is 21% above its 10-year median of 0.86. GuruFocus rates BKK:TASCO-R with a GF Score™ of 81/100 and a GF Value™ of ฿13.42. The stock has 6 warning signs investors should review. Among 330 Building Materials companies, Tipco Asphalt PCL ranks better than 63.03% on this metric.

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

Tipco Asphalt PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿3,302 Mil. Tipco Asphalt PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿235 Mil. Tipco Asphalt PCL's annualized EBITDA for the quarter that ended in Mar. 2026 was ฿3,407 Mil. Tipco Asphalt PCL's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 1.04.

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 Tipco Asphalt PCL's Debt-to-EBITDA or its related term are showing as below:

BKK:TASCO-R' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.34   Med: 0.86   Max: 3.6
Current: 1.36

During the past 13 years, the highest Debt-to-EBITDA Ratio of Tipco Asphalt PCL was 3.60. The lowest was 0.34. And the median was 0.86.

BKK:TASCO-R's Debt-to-EBITDA is ranked better than
63.03% of 330 companies
in the Building Materials industry
Industry Median: 2.27 vs BKK:TASCO-R: 1.36

Tipco Asphalt PCL  (BKK:TASCO-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.


Tipco Asphalt PCL Debt-to-EBITDA Related Terms


Tipco Asphalt PCL Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Tipco Asphalt 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.

Tipco Asphalt PCL Debt-to-EBITDA Chart

Tipco Asphalt 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 0.88 0.85 0.64 1.06 1.41

Tipco Asphalt 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 1.14 1.50 1.89 2.13 1.04

BKK:TASCO-R vs CRH, VMC, MLM: Debt-to-EBITDA Comparison

For the Building Materials subindustry, Tipco Asphalt 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.


Tipco Asphalt PCL Debt-to-EBITDA vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Tipco Asphalt PCL's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Tipco Asphalt PCL's Debt-to-EBITDA falls into.


BKK:TASCO-R
81GF Score
Tipco Asphalt PCL BKK:TASCO-R
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Tipco Asphalt PCL Debt-to-EBITDA Calculation

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

Tipco Asphalt 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
=(3464.197 + 221.069) / 2607.333
=1.41

Tipco Asphalt 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
=(3301.672 + 235.064) / 3407.036
=1.04

* 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 1.04 mean?
Tipco Asphalt PCL (BKK:TASCO-R) has a Debt-to-EBITDA of 1.04 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 Tipco Asphalt PCL. This is 21% above median its historical median of 0.86. Over the past decade, Tipco Asphalt PCL's Debt-to-EBITDA has ranged from 0.34 to 3.60. According to the industry distribution chart, Tipco Asphalt PCL ranks #122 out of 330 companies in the Building Materials industry, placing it in the top 37%.
Is Tipco Asphalt PCL's Debt-to-EBITDA too high?
Tipco Asphalt PCL's current Debt-to-EBITDA of 1.04 is 21% above median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 3.60. The Building Materials industry median Debt-to-EBITDA is 2.27. Tipco Asphalt PCL's value of 1.04 is 54.2% below this industry median. Based on the distribution chart, Tipco Asphalt PCL ranks #122 out of 330 companies in the Building Materials industry, which is above the industry midpoint. Overall, Tipco Asphalt PCL has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Tipco Asphalt PCL's Debt-to-EBITDA compare to CRH and VMC?
According to the Building Materials industry distribution chart, Tipco Asphalt PCL ranks #122 out of 330 companies for Debt-to-EBITDA. This puts Tipco Asphalt PCL in the upper half of its industry. The industry median Debt-to-EBITDA is 2.27. Tipco Asphalt PCL's value of 1.04 is 54.2% below this benchmark. Historically, Tipco Asphalt PCL's own Debt-to-EBITDA has ranged from 0.34 to 3.60 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 2.27, Tipco Asphalt 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 Building Materials company?
The median Debt-to-EBITDA among Building Materials companies is 2.27, based on 330 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. Tipco Asphalt PCL's current Debt-to-EBITDA of 1.04 is 54.2% 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 Tipco Asphalt PCL. For the Building Materials industry, the median Debt-to-EBITDA is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tipco Asphalt PCL's current Debt-to-EBITDA is 1.04, which is 21% above median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tipco Asphalt PCL stock overvalued right now?
Tipco Asphalt PCL (BKK:TASCO-R) has a current Debt-to-EBITDA of 1.04. The stock's GF Value™ is ฿13.42, compared to a current price of ฿13.09 — trading 2.5% below its estimated fair value. The current Debt-to-EBITDA is 1.04, which is 21% above median its 10-year median of 0.86 and 54.2% below the Building Materials industry median of 2.27. Tipco Asphalt PCL's overall GF Score™ is 81/100 with 6 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 Tipco Asphalt PCL (BKK:TASCO-R), the current Debt-to-EBITDA is 1.04 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 Tipco Asphalt PCL (BKK:TASCO-R) Overvalued in 2026?

Based on GuruFocus' analysis, Tipco Asphalt PCL stock appears to be undervalued. The current stock price of ฿13.09 is trading 2.5% below its estimated GF Value™ of ฿13.42.

Key valuation signals for BKK:TASCO-R:

  • Debt-to-EBITDA: 1.04 (21% above median its 10-year median of 0.86)
  • GF Value™: ฿13.42 vs. price of ฿13.09 (2.5% below fair value)
  • GF Score™: 81/100 with 6 warning signs
  • Industry Position: 54.2% below the Building Materials median (#122 of 330)

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


Tipco Asphalt PCL Business Description

Other Exchanges TASCO:ThailandNVP5:Germany
Address 118/1 Rama 6 Road, Tipco Tower 1, Phayathai Sub District, Phayathai District, Bangkok, THA, 10400
Tipco Asphalt PCL is engaged in the production and sale of asphalt and petroleum-related products, as well as the provision of construction materials and related services. The company operates through two reportable segments: the Construction segment and the Manufacturing and Trading segment. The Construction segment conducts construction services related to highway construction and road rehabilitation in Thailand. The Manufacturing and Trading segment is involved in the manufacturing and trading of asphalt, petroleum oil products, and asphalt concrete in both domestic and overseas markets, supported by marine logistics operations. It generates the majority of its revenue from the Manufacturing and Trading segment.
81GF Score

Get the complete analysis for BKK:TASCO-R

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

฿13.09
Price
฿13.42
GF Value