The Steel PCLBKK:THE-R 36 Debt-to-EBITDA is 3.65 as of Mar. 2026, which is 74% below its 10-year median of 14.01. GuruFocus rates BKK:THE-R with a GF Score™ of 36/100 and a GF Value™ of ฿0.81. The stock has 8 warning signs investors should review. Among 492 Steel companies, The Steel PCL ranks worse than 84.35% 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 The Steel PCL's Debt-to-EBITDA or its related term are showing as below:
BKK:THE-R'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -54.98 Med: 14.01 Max: 53.49
Current: 9.74
During the past 13 years, the highest Debt-to-EBITDA Ratio of The Steel PCL was 53.49. The lowest was -54.98. And the median was 14.01.
BKK:THE-R's Debt-to-EBITDA is ranked worse than 84.35% of 492
companies
in the Steel industry
Industry Median: 2.865
vs BKK:THE-R: 9.74
The Steel PCL (BKK:THE-R) Debt-to-EBITDA Explanation
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 Steel PCL Debt-to-EBITDA Related Terms
The Steel PCL Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for The Steel 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:THE-R vs NUE, STLD, RS: Debt-to-EBITDA Comparison
For the Steel subindustry, The Steel 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.
The Steel PCL Debt-to-EBITDA vs Steel Industry
For the Steel industry and Basic Materials sector, The Steel PCL's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where The Steel 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.
The Steel PCL (BKK:THE-R) has a Debt-to-EBITDA of 3.65 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 The Steel PCL. This is 74% below median its historical median of 14.01. According to the industry distribution chart, The Steel PCL ranks #415 out of 492 companies in the Steel industry, placing it in the top 84.3%.
Is The Steel PCL's Debt-to-EBITDA too high?
The Steel PCL's current Debt-to-EBITDA of 3.65 is 74% below median its 10-year median of 14.01. The Steel industry median Debt-to-EBITDA is 2.87. The Steel PCL's value of 3.65 is 27.4% above this industry median. Based on the distribution chart, The Steel PCL ranks #415 out of 492 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, The Steel PCL has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does The Steel PCL's Debt-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, The Steel PCL ranks #415 out of 492 companies for Debt-to-EBITDA. This places The Steel PCL in the lower half of its industry. The industry median Debt-to-EBITDA is 2.87. The Steel PCL's value of 3.65 is 27.4% above this benchmark. While the company's 10-year median is 14.01 vs. the industry median of 2.87, The Steel 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 a Steel company?
The median Debt-to-EBITDA among Steel companies is 2.87, based on 492 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. The Steel PCL's current Debt-to-EBITDA of 3.65 is 27.4% 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 The Steel PCL. For the Steel industry, the median Debt-to-EBITDA is 2.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Steel PCL's current Debt-to-EBITDA is 3.65, which is 74% below median its own 10-year median of 14.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Steel PCL stock overvalued right now?
The Steel PCL (BKK:THE-R) has a current Debt-to-EBITDA of 3.65. The stock's GF Value™ is ฿0.81, compared to a current price of ฿0.83 — trading 2.8% above its estimated fair value. The current Debt-to-EBITDA is 3.65, which is 74% below median its 10-year median of 14.01 and 27.4% above the Steel industry median of 2.87. The Steel PCL's overall GF Score™ is 36/100 with 8 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 The Steel PCL (BKK:THE-R), the current Debt-to-EBITDA is 3.65 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 The Steel PCL (BKK:THE-R) Overvalued in 2026?
Based on GuruFocus' analysis, The Steel PCL stock appears to be overvalued.
The current stock price of ฿0.83 is trading 2.8% above its estimated GF Value™ of ฿0.81.
Key valuation signals for BKK:THE-R:
Debt-to-EBITDA: 3.65 (74% below median its 10-year median of 14.01)
GF Value™: ฿0.81 vs. price of ฿0.83 (2.8% above fair value)
Industry Position: 27.4% above the Steel median (#415 of 492)
No single metric tells the full story. See the BKK:THE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Steel PCL is principally engaged in the selling and transforming hot rolled steel sheets and coils and other structural steels and logistic services of steel. Its product portfolio includes hot-rolled coils, and processed forms such as slit coils, steel sheets, hot-formed structural steel, and cold-formed structural steel, as well as other steel products. In addition, the company also processes certain steel products, including steel sheets, slit coils, flat steel, folded angle steel, folded channel steel, steel pipes, and C-shaped structural steel. The company operates in two reportable segments: Revenue from sales of steels, which accounts for a majority of its revenue, and Revenue from logistic services. Geographically, it is managed and operates principally in Thailand.
36GF Score
Get the complete analysis for BKK:THE-R
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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