Thaicom PCL (BKK:THCOM) Debt-to-EBITDA : 1.04 (As of Mar. 2026) — 57% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:THCOM Thaicom PCL BKK:THCOM
78 GF Score
Price ฿11.20
GF Value ฿11.69
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Thaicom PCL Debt-to-EBITDA?

Thaicom PCL BKK:THCOM -0.88% 78 Debt-to-EBITDA is 1.04 as of Mar. 2026, which is 57% below its 10-year median of 2.40. GuruFocus rates BKK:THCOM with a GF Score™ of 78/100 and a GF Value™ of ฿11.69 (Fairly Valued). The stock has 7 warning signs investors should review. Among 302 Telecommunication Services companies, Thaicom PCL ranks worse than 56.29% on this metric.

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

Thaicom PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿2,018 Mil. Thaicom PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿1,279 Mil. Thaicom PCL's annualized EBITDA for the quarter that ended in Mar. 2026 was ฿3,177 Mil. Thaicom 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 Thaicom PCL's Debt-to-EBITDA or its related term are showing as below:

BKK:THCOM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.8   Med: 2.4   Max: 37.46
Current: 2.44

During the past 13 years, the highest Debt-to-EBITDA Ratio of Thaicom PCL was 37.46. The lowest was 0.80. And the median was 2.40.

BKK:THCOM's Debt-to-EBITDA is ranked worse than
56.29% of 302 companies
in the Telecommunication Services industry
Industry Median: 2 vs BKK:THCOM: 2.44

Thaicom PCL  (BKK:THCOM) 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.


Thaicom PCL Debt-to-EBITDA Related Terms


Thaicom PCL Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Thaicom 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.

Thaicom PCL Debt-to-EBITDA Chart

Thaicom 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 1.80 2.29 1.17 2.51 4.06

Thaicom 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 1.70 -127.66 3.67 2.58 1.04

BKK:THCOM vs TMUS, VZ, T: Debt-to-EBITDA Comparison

For the Telecom Services subindustry, Thaicom 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.


Thaicom PCL Debt-to-EBITDA vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Thaicom PCL's Debt-to-EBITDA distribution charts can be found below:

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


BKK:THCOM
78GF Score
Thaicom PCL BKK:THCOM
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thaicom PCL Debt-to-EBITDA Calculation

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

Thaicom 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
=(2324.918 + 1292.822) / 890.165
=4.06

Thaicom 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
=(2017.765 + 1279.237) / 3176.88
=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?
Thaicom PCL (BKK:THCOM) 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 Thaicom PCL. This is 57% below median its historical median of 2.40. Over the past decade, Thaicom PCL's Debt-to-EBITDA has ranged from 0.80 to 37.46. According to the industry distribution chart, Thaicom PCL ranks #170 out of 302 companies in the Telecommunication Services industry, placing it in the top 56.3%.
Is Thaicom PCL's Debt-to-EBITDA too high?
Thaicom PCL's current Debt-to-EBITDA of 1.04 is 57% below median its 10-year median of 2.40. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 37.46. The Telecommunication Services industry median Debt-to-EBITDA is 2.00. Thaicom PCL's value of 1.04 is 48% below this industry median. Based on the distribution chart, Thaicom PCL ranks #170 out of 302 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Thaicom PCL has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thaicom PCL's Debt-to-EBITDA compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Thaicom PCL ranks #170 out of 302 companies for Debt-to-EBITDA. This places Thaicom PCL in the lower half of its industry. The industry median Debt-to-EBITDA is 2.00. Thaicom PCL's value of 1.04 is 48% below this benchmark. Historically, Thaicom PCL's own Debt-to-EBITDA has ranged from 0.80 to 37.46 over the past decade. While the company's 10-year median is 2.40 vs. the industry median of 2.00, Thaicom 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 Telecommunication Services company?
The median Debt-to-EBITDA among Telecommunication Services companies is 2.00, based on 302 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. Thaicom PCL's current Debt-to-EBITDA of 1.04 is 48% 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 Thaicom PCL. For the Telecommunication Services industry, the median Debt-to-EBITDA is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thaicom PCL's current Debt-to-EBITDA is 1.04, which is 57% below median its own 10-year median of 2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thaicom PCL stock overvalued right now?
Based on GuruFocus' analysis, Thaicom PCL (BKK:THCOM) is currently considered Fairly Valued. The stock's GF Value™ is ฿11.69, compared to a current price of ฿11.20 — trading 4.2% below its estimated fair value. The current Debt-to-EBITDA is 1.04, which is 57% below median its 10-year median of 2.40 and 48% below the Telecommunication Services industry median of 2.00. Thaicom PCL's overall GF Score™ is 78/100 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 Thaicom PCL (BKK:THCOM), 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 Thaicom PCL (BKK:THCOM) Overvalued in 2026?

Based on GuruFocus' analysis, Thaicom PCL stock appears to be undervalued. The current stock price of ฿11.20 is trading 4.2% below its estimated GF Value™ of ฿11.69. GuruFocus considers Thaicom PCL to be Fairly Valued.

Key valuation signals for BKK:THCOM:

  • Debt-to-EBITDA: 1.04 (57% below median its 10-year median of 2.40)
  • GF Value™: ฿11.69 vs. price of ฿11.20 (4.2% below fair value)
  • GF Score™: 78/100 with 7 warning signs
  • Industry Position: 48% below the Telecommunication Services median (#170 of 302)

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


Thaicom PCL Business Description

Address All Seasons Place, Wireless Road, 87/1 Capital Tower, 23rd Floor, Lumpini, Pathumwan, Bangkok, THA, 10330
Thaicom PCL is engaged in transponder services for domestic & international communications, sale of the user terminal, broadband content services, sale of direct television equipment, internet data center services, internet services, satellite uplink-downlink services, broadcasting television service, telecommunication, printing, publishing of business telephone directories, banner advertising, telephone network services, mobile contents, and engineering & development services on communication technology & electronics. It operates in three segments: Satellite services, Internet services & media, and Telephone networks. The company has operations in Thailand, Singapore, Australia, India and others.
78GF Score

Get the complete analysis for BKK:THCOM

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

฿11.20
Price
฿11.69
GF Value