Tata Steel Thailand PCL (BKK:TSTH) Debt-to-EBITDA : 0.21 (As of Jun. 2026) — 77% 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:TSTH Tata Steel Thailand PCL BKK:TSTH
53 GF Score
Price ฿0.98
GF Value ฿0.76
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Tata Steel Thailand PCL Debt-to-EBITDA?

Tata Steel Thailand PCL BKK:TSTH 53 Debt-to-EBITDA is 0.21 as of Jun. 2026, which is 77% below its 10-year median of 0.90. GuruFocus rates BKK:TSTH with a GF Score™ of 53/100 and a GF Value™ of ฿0.76 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 497 Steel companies, Tata Steel Thailand PCL ranks better than 92.35% on this metric.

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

Tata Steel Thailand PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ฿39 Mil. Tata Steel Thailand PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ฿467 Mil. Tata Steel Thailand PCL's annualized EBITDA for the quarter that ended in Jun. 2026 was ฿2,378 Mil. Tata Steel Thailand PCL's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 0.21.

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 Tata Steel Thailand PCL's Debt-to-EBITDA or its related term are showing as below:

BKK:TSTH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.19   Med: 0.9   Max: 3.91
Current: 0.19

During the past 13 years, the highest Debt-to-EBITDA Ratio of Tata Steel Thailand PCL was 3.91. The lowest was 0.19. And the median was 0.90.

BKK:TSTH's Debt-to-EBITDA is ranked better than
92.35% of 497 companies
in the Steel industry
Industry Median: 2.74 vs BKK:TSTH: 0.19

Tata Steel Thailand PCL  (BKK:TSTH) 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.


Tata Steel Thailand PCL Debt-to-EBITDA Related Terms


Tata Steel Thailand PCL Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Tata Steel Thailand 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.

Tata Steel Thailand PCL Debt-to-EBITDA Chart

Tata Steel Thailand PCL Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.67 1.56 0.86 0.22

Tata Steel Thailand PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.26 0.13 0.21 0.55 0.21

BKK:TSTH vs NUE, STLD, RS: Debt-to-EBITDA Comparison

For the Steel subindustry, Tata Steel 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.


Tata Steel Thailand PCL Debt-to-EBITDA vs Steel Industry

For the Steel industry and Basic Materials sector, Tata Steel Thailand PCL's Debt-to-EBITDA distribution charts can be found below:

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


BKK:TSTH
53GF Score
Tata Steel Thailand PCL BKK:TSTH
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tata Steel Thailand PCL Debt-to-EBITDA Calculation

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

Tata Steel Thailand PCL's Debt-to-EBITDA for the fiscal year 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
=(38.312 + 553.195) / 2647.557
=0.22

Tata Steel Thailand PCL's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(39.079 + 466.86) / 2378.008
=0.21

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 0.21 mean?
Tata Steel Thailand PCL (BKK:TSTH) has a Debt-to-EBITDA of 0.21 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 Tata Steel Thailand PCL. This is 77% below median its historical median of 0.90. Over the past decade, Tata Steel Thailand PCL's Debt-to-EBITDA has ranged from 0.19 to 3.91. According to the industry distribution chart, Tata Steel Thailand PCL ranks #38 out of 497 companies in the Steel industry, placing it in the top 7.6%.
Is Tata Steel Thailand PCL's Debt-to-EBITDA too high?
Tata Steel Thailand PCL's current Debt-to-EBITDA of 0.21 is 77% below median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 3.91. The Steel industry median Debt-to-EBITDA is 2.74. Tata Steel Thailand PCL's value of 0.21 is 92.3% below this industry median. Based on the distribution chart, Tata Steel Thailand PCL ranks #38 out of 497 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Tata Steel Thailand PCL has a GF Score™ of 53/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tata Steel Thailand PCL's Debt-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, Tata Steel Thailand PCL ranks #38 out of 497 companies for Debt-to-EBITDA. This places Tata Steel Thailand PCL in the top 8% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 2.74. Tata Steel Thailand PCL's value of 0.21 is 92.3% below this benchmark. Historically, Tata Steel Thailand PCL's own Debt-to-EBITDA has ranged from 0.19 to 3.91 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 2.74, Tata Steel 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 Steel company?
The median Debt-to-EBITDA among Steel companies is 2.74, based on 497 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. Tata Steel Thailand PCL's current Debt-to-EBITDA of 0.21 is 92.3% 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 Tata Steel Thailand PCL. For the Steel industry, the median Debt-to-EBITDA is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tata Steel Thailand PCL's current Debt-to-EBITDA is 0.21, which is 77% below median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tata Steel Thailand PCL stock overvalued right now?
Based on GuruFocus' analysis, Tata Steel Thailand PCL (BKK:TSTH) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.76, compared to a current price of ฿0.98 — trading 28.9% above its estimated fair value. The current Debt-to-EBITDA is 0.21, which is 77% below median its 10-year median of 0.90 and 92.3% below the Steel industry median of 2.74. Tata Steel Thailand PCL's overall GF Score™ is 53/100 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 Tata Steel Thailand PCL (BKK:TSTH), the current Debt-to-EBITDA is 0.21 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 Tata Steel Thailand PCL (BKK:TSTH) Overvalued in 2026?

Based on GuruFocus' analysis, Tata Steel Thailand PCL stock appears to be overvalued. The current stock price of ฿0.98 is trading 28.9% above its estimated GF Value™ of ฿0.76. GuruFocus considers Tata Steel Thailand PCL to be Modestly Overvalued.

Key valuation signals for BKK:TSTH:

  • Debt-to-EBITDA: 0.21 (77% below median its 10-year median of 0.90)
  • GF Value™: ฿0.76 vs. price of ฿0.98 (28.9% above fair value)
  • GF Score™: 53/100 with 6 warning signs
  • Industry Position: 92.3% below the Steel median (#38 of 497)

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


Tata Steel Thailand PCL Business Description

Other Exchanges MVX:Germany
Address Phaholyothin Road, No. 555, 20th Floor, Rasa One, Building B, Chatuchak Sub-district, Chatuchak District, Bangkok, THA, 10900
Tata Steel Thailand PCL is a Thailand-based holding company that is engaged in investing in other companies and providing management services. The company is engaged in manufacturing, rendering manufacturing services, distributing, and trading of steel bars, wire rods, and small-section products through its subsidiaries. The company operates in a single segment, being the Manufacturing and distribution of long steel products. Its product line includes rebar, deformed bar, round bar, cut and bend bars, wire rods, including high carbon wire rods and low carbon, special wire rods, and others.
53GF Score

Get the complete analysis for BKK:TSTH

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

฿0.98
Price
฿0.76
GF Value