Thai Solar Energy PCLBKK:TSE-R 41 Debt-to-EBITDA is 4.91 as of Mar. 2026, which is 54% below its 10-year median of 10.62. GuruFocus rates BKK:TSE-R with a GF Score™ of 41/100 and a GF Value™ of ฿0.76. The stock has 5 warning signs investors should review. Among 338 Utilities - Independent Power Producers companies, Thai Solar Energy PCL ranks worse than 60.36% 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 Thai Solar Energy PCL's Debt-to-EBITDA or its related term are showing as below:
BKK:TSE-R'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.34 Med: 10.62 Max: 467.93
Current: 6.43
During the past 13 years, the highest Debt-to-EBITDA Ratio of Thai Solar Energy PCL was 467.93. The lowest was 4.34. And the median was 10.62.
BKK:TSE-R's Debt-to-EBITDA is ranked worse than 60.36% of 338
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.535
vs BKK:TSE-R: 6.43
Thai Solar Energy PCL (BKK:TSE-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.
Thai Solar Energy PCL Debt-to-EBITDA Related Terms
Thai Solar Energy PCL Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Thai Solar Energy 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.
Thai Solar Energy PCL Debt-to-EBITDA Competitor Comparison
For the Utilities - Renewable subindustry, Thai Solar Energy 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.
Thai Solar Energy PCL Debt-to-EBITDA vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Thai Solar Energy PCL's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Thai Solar Energy 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.
Thai Solar Energy PCL (BKK:TSE-R) has a Debt-to-EBITDA of 4.91 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 Thai Solar Energy PCL. This is 54% below median its historical median of 10.62. Over the past decade, Thai Solar Energy PCL's Debt-to-EBITDA has ranged from 4.34 to 467.93. According to the industry distribution chart, Thai Solar Energy PCL ranks #204 out of 338 companies in the Utilities - Independent Power Producers industry, placing it in the top 60.4%.
Is Thai Solar Energy PCL's Debt-to-EBITDA too high?
Thai Solar Energy PCL's current Debt-to-EBITDA of 4.91 is 54% below median its 10-year median of 10.62. Over the past 10 years, this metric has ranged from a low of 4.34 to a high of 467.93. The Utilities - Independent Power Producers industry median Debt-to-EBITDA is 4.54. Thai Solar Energy PCL's value of 4.91 is 8.3% above this industry median. Based on the distribution chart, Thai Solar Energy PCL ranks #204 out of 338 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Thai Solar Energy PCL has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Thai Solar Energy PCL's Debt-to-EBITDA compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Thai Solar Energy PCL ranks #204 out of 338 companies for Debt-to-EBITDA. This places Thai Solar Energy PCL in the lower half of its industry. The industry median Debt-to-EBITDA is 4.54. Thai Solar Energy PCL's value of 4.91 is 8.3% above this benchmark. Historically, Thai Solar Energy PCL's own Debt-to-EBITDA has ranged from 4.34 to 467.93 over the past decade. While the company's 10-year median is 10.62 vs. the industry median of 4.54, Thai Solar Energy 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 Utilities - Independent Power Producers company?
The median Debt-to-EBITDA among Utilities - Independent Power Producers companies is 4.54, based on 338 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. Thai Solar Energy PCL's current Debt-to-EBITDA of 4.91 is 8.3% 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 Thai Solar Energy PCL. For the Utilities - Independent Power Producers industry, the median Debt-to-EBITDA is 4.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Solar Energy PCL's current Debt-to-EBITDA is 4.91, which is 54% below median its own 10-year median of 10.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Solar Energy PCL stock overvalued right now?
Thai Solar Energy PCL (BKK:TSE-R) has a current Debt-to-EBITDA of 4.91. The stock's GF Value™ is ฿0.76, compared to a current price of ฿0.61 — trading 20.3% below its estimated fair value. The current Debt-to-EBITDA is 4.91, which is 54% below median its 10-year median of 10.62 and 8.3% above the Utilities - Independent Power Producers industry median of 4.54. Thai Solar Energy PCL's overall GF Score™ is 41/100 with 5 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 Thai Solar Energy PCL (BKK:TSE-R), the current Debt-to-EBITDA is 4.91 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 Thai Solar Energy PCL (BKK:TSE-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Solar Energy PCL stock appears to be undervalued.
The current stock price of ฿0.61 is trading 20.3% below its estimated GF Value™ of ฿0.76.
Key valuation signals for BKK:TSE-R:
Debt-to-EBITDA: 4.91 (54% below median its 10-year median of 10.62)
GF Value™: ฿0.76 vs. price of ฿0.61 (20.3% below fair value)
Industry Position: 8.3% above the Utilities - Independent Power Producers median (#204 of 338)
No single metric tells the full story. See the BKK:TSE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Solar Energy PCL is engaged in the generation and distribution of electricity from solar power to the government and private sector. The company has its operational footprints in Thailand and Japan. Its operating segments are Domestic and International of which, the company generates a majority of its revenue from the Domestic segment. The firm's projects are Solar PV Farms Thailand, Solar PV Farms Japan, Solar PV Rooftop Plants Thailand and Biomass Power Plants.
41GF Score
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