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.
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.
TOA Paint (Thailand) PCLBKK:TOA-R -1.90%88 Debt-to-EBITDA is 0.22 as of Jun. 2026, which is 44% below its 10-year median of 0.39. GuruFocus rates BKK:TOA-R with a GF Score™ of 88/100 and a GF Value™ of ฿13.39 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,264 Chemicals companies, TOA Paint (Thailand) PCL ranks better than 85.76% 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 TOA Paint (Thailand) PCL's Debt-to-EBITDA or its related term are showing as below:
BKK:TOA-R'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.19 Med: 0.39 Max: 1.09
Current: 0.22
During the past 11 years, the highest Debt-to-EBITDA Ratio of TOA Paint (Thailand) PCL was 1.09. The lowest was 0.19. And the median was 0.39.
BKK:TOA-R's Debt-to-EBITDA is ranked better than 85.76% of 1264
companies
in the Chemicals industry
Industry Median: 1.97
vs BKK:TOA-R: 0.22
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.
TOA Paint (Thailand) PCL Debt-to-EBITDA Related Terms
TOA Paint (Thailand) PCL Debt-to-EBITDA Historical Data
* 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:TOA-R vs LIN, SHW, ECL: Debt-to-EBITDA Comparison
For the Specialty Chemicals subindustry, TOA Paint (Thailand) 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.
TOA Paint (Thailand) PCL Debt-to-EBITDA vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, TOA Paint (Thailand) PCL's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where TOA Paint (Thailand) 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 (Jun. 2026) EBITDA data.
TOA Paint (Thailand) PCL (BKK:TOA-R) has a Debt-to-EBITDA of 0.22 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on TOA Paint (Thailand) PCL. This is 44% below median its historical median of 0.39. Over the past decade, TOA Paint (Thailand) PCL's Debt-to-EBITDA has ranged from 0.19 to 1.09. According to the industry distribution chart, TOA Paint (Thailand) PCL ranks #180 out of 1264 companies in the Chemicals industry, placing it in the top 14.2%.
Is TOA Paint (Thailand) PCL's Debt-to-EBITDA too high?
TOA Paint (Thailand) PCL's current Debt-to-EBITDA of 0.22 is 44% below median its 10-year median of 0.39. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 1.09. The Chemicals industry median Debt-to-EBITDA is 1.97. TOA Paint (Thailand) PCL's value of 0.22 is 88.8% below this industry median. Based on the distribution chart, TOA Paint (Thailand) PCL ranks #180 out of 1264 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, TOA Paint (Thailand) PCL has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOA Paint (Thailand) PCL's Debt-to-EBITDA compare to LIN and SHW?
According to the Chemicals industry distribution chart, TOA Paint (Thailand) PCL ranks #180 out of 1264 companies for Debt-to-EBITDA. This places TOA Paint (Thailand) PCL in the top 14% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 1.97. TOA Paint (Thailand) PCL's value of 0.22 is 88.8% below this benchmark. Historically, TOA Paint (Thailand) PCL's own Debt-to-EBITDA has ranged from 0.19 to 1.09 over the past decade. While the company's 10-year median is 0.39 vs. the industry median of 1.97, TOA Paint (Thailand) 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 Chemicals company?
The median Debt-to-EBITDA among Chemicals companies is 1.97, based on 1,264 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. TOA Paint (Thailand) PCL's current Debt-to-EBITDA of 0.22 is 88.8% 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 TOA Paint (Thailand) PCL. For the Chemicals industry, the median Debt-to-EBITDA is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOA Paint (Thailand) PCL's current Debt-to-EBITDA is 0.22, which is 44% below median its own 10-year median of 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOA Paint (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, TOA Paint (Thailand) PCL (BKK:TOA-R) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿13.39, compared to a current price of ฿15.20 — trading 13.5% above its estimated fair value. The current Debt-to-EBITDA is 0.22, which is 44% below median its 10-year median of 0.39 and 88.8% below the Chemicals industry median of 1.97. TOA Paint (Thailand) PCL's overall GF Score™ is 88/100 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 TOA Paint (Thailand) PCL (BKK:TOA-R), the current Debt-to-EBITDA is 0.22 as of Jun. 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 TOA Paint (Thailand) PCL (BKK:TOA-R) Overvalued in 2026?
Based on GuruFocus' analysis, TOA Paint (Thailand) PCL stock appears to be overvalued.
The current stock price of ฿15.20 is trading 13.5% above its estimated GF Value™ of ฿13.39.
GuruFocus considers TOA Paint (Thailand) PCL to be Modestly Overvalued.
Key valuation signals for BKK:TOA-R:
Debt-to-EBITDA: 0.22 (44% below median its 10-year median of 0.39)
GF Value™: ฿13.39 vs. price of ฿15.20 (13.5% above fair value)
Industry Position: 88.8% below the Chemicals median (#180 of 1264)
No single metric tells the full story. See the BKK:TOA-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOA Paint (Thailand) PCL is principally engaged in the manufacture and distribution of paints and chemicals. Its product types are decorative coatings, wood coatings, construction chemicals, heavy-duty coatings, special paint, and hardware and power tools. The company generates a majority of its revenue from Thailand.
88GF Score
Get the complete analysis for BKK:TOA-R
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:TOA-R has been successfully added to your 
