PT Pabrik Kertas Tjiwi Kimia Tbk (FRA:OB9) Debt-to-EBITDA : 2.02 (As of Mar. 2026) — 57% Below Median

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FRA:OB9 PT Pabrik Kertas Tjiwi Kimia Tbk FRA:OB9
79 GF Score
Price €0.33
GF Value €0.36
! 5 Warning Signs
View Full Analysis

What is PT Pabrik Kertas Tjiwi Kimia Tbk Debt-to-EBITDA?

PT Pabrik Kertas Tjiwi Kimia Tbk FRA:OB9 +11.41% 79 Debt-to-EBITDA is 2.02 as of Mar. 2026, which is 57% below its 10-year median of 4.69. GuruFocus rates FRA:OB9 with a GF Score™ of 79/100 and a GF Value™ of €0.36. The stock has 5 warning signs investors should review. Among 210 Forest Products companies, PT Pabrik Kertas Tjiwi Kimia Tbk ranks better than 62.86% on this metric.

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

PT Pabrik Kertas Tjiwi Kimia Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €264.5 Mil. PT Pabrik Kertas Tjiwi Kimia Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €391.5 Mil. PT Pabrik Kertas Tjiwi Kimia Tbk's annualized EBITDA for the quarter that ended in Mar. 2026 was €324.6 Mil. PT Pabrik Kertas Tjiwi Kimia Tbk's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 2.02.

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 PT Pabrik Kertas Tjiwi Kimia Tbk's Debt-to-EBITDA or its related term are showing as below:

FRA:OB9' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.01   Med: 4.69   Max: 35.26
Current: 2.52

During the past 13 years, the highest Debt-to-EBITDA Ratio of PT Pabrik Kertas Tjiwi Kimia Tbk was 35.26. The lowest was 2.01. And the median was 4.69.

FRA:OB9's Debt-to-EBITDA is ranked better than
62.86% of 210 companies
in the Forest Products industry
Industry Median: 3.285 vs FRA:OB9: 2.52

PT Pabrik Kertas Tjiwi Kimia Tbk  (FRA:OB9) 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.


PT Pabrik Kertas Tjiwi Kimia Tbk Debt-to-EBITDA Related Terms


PT Pabrik Kertas Tjiwi Kimia Tbk Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for PT Pabrik Kertas Tjiwi Kimia Tbk'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.

PT Pabrik Kertas Tjiwi Kimia Tbk Debt-to-EBITDA Chart

PT Pabrik Kertas Tjiwi Kimia Tbk 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 3.74 2.01 4.23 2.50 2.21

PT Pabrik Kertas Tjiwi Kimia Tbk 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 1.85 15.93 1.62 2.42 2.02

PT Pabrik Kertas Tjiwi Kimia Tbk Debt-to-EBITDA Competitor Comparison

For the Paper & Paper Products subindustry, PT Pabrik Kertas Tjiwi Kimia Tbk'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.


PT Pabrik Kertas Tjiwi Kimia Tbk Debt-to-EBITDA vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, PT Pabrik Kertas Tjiwi Kimia Tbk's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where PT Pabrik Kertas Tjiwi Kimia Tbk's Debt-to-EBITDA falls into.


FRA:OB9
79GF Score
PT Pabrik Kertas Tjiwi Kimia Tbk FRA:OB9
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Pabrik Kertas Tjiwi Kimia Tbk Debt-to-EBITDA Calculation

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

PT Pabrik Kertas Tjiwi Kimia Tbk'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
=(253.342 + 357.981) / 277.088
=2.21

PT Pabrik Kertas Tjiwi Kimia Tbk'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
=(264.538 + 391.501) / 324.564
=2.02

* 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 2.02 mean?
PT Pabrik Kertas Tjiwi Kimia Tbk (FRA:OB9) has a Debt-to-EBITDA of 2.02 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 PT Pabrik Kertas Tjiwi Kimia Tbk. This is 57% below median its historical median of 4.69. Over the past decade, PT Pabrik Kertas Tjiwi Kimia Tbk's Debt-to-EBITDA has ranged from 2.01 to 35.26. According to the industry distribution chart, PT Pabrik Kertas Tjiwi Kimia Tbk ranks #78 out of 210 companies in the Forest Products industry, placing it in the top 37.1%.
Is PT Pabrik Kertas Tjiwi Kimia Tbk's Debt-to-EBITDA too high?
PT Pabrik Kertas Tjiwi Kimia Tbk's current Debt-to-EBITDA of 2.02 is 57% below median its 10-year median of 4.69. Over the past 10 years, this metric has ranged from a low of 2.01 to a high of 35.26. The Forest Products industry median Debt-to-EBITDA is 3.29. PT Pabrik Kertas Tjiwi Kimia Tbk's value of 2.02 is 38.5% below this industry median. Based on the distribution chart, PT Pabrik Kertas Tjiwi Kimia Tbk ranks #78 out of 210 companies in the Forest Products industry, which is above the industry midpoint. Overall, PT Pabrik Kertas Tjiwi Kimia Tbk has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does PT Pabrik Kertas Tjiwi Kimia Tbk's Debt-to-EBITDA compare to competitors?
According to the Forest Products industry distribution chart, PT Pabrik Kertas Tjiwi Kimia Tbk ranks #78 out of 210 companies for Debt-to-EBITDA. This puts PT Pabrik Kertas Tjiwi Kimia Tbk in the upper half of its industry. The industry median Debt-to-EBITDA is 3.29. PT Pabrik Kertas Tjiwi Kimia Tbk's value of 2.02 is 38.5% below this benchmark. Historically, PT Pabrik Kertas Tjiwi Kimia Tbk's own Debt-to-EBITDA has ranged from 2.01 to 35.26 over the past decade. While the company's 10-year median is 4.69 vs. the industry median of 3.29, PT Pabrik Kertas Tjiwi Kimia Tbk 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 Forest Products company?
The median Debt-to-EBITDA among Forest Products companies is 3.29, based on 210 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. PT Pabrik Kertas Tjiwi Kimia Tbk's current Debt-to-EBITDA of 2.02 is 38.5% 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 PT Pabrik Kertas Tjiwi Kimia Tbk. For the Forest Products industry, the median Debt-to-EBITDA is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Pabrik Kertas Tjiwi Kimia Tbk's current Debt-to-EBITDA is 2.02, which is 57% below median its own 10-year median of 4.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Pabrik Kertas Tjiwi Kimia Tbk stock overvalued right now?
PT Pabrik Kertas Tjiwi Kimia Tbk (FRA:OB9) has a current Debt-to-EBITDA of 2.02. The stock's GF Value™ is €0.36, compared to a current price of €0.33 — trading 7.8% below its estimated fair value. The current Debt-to-EBITDA is 2.02, which is 57% below median its 10-year median of 4.69 and 38.5% below the Forest Products industry median of 3.29. PT Pabrik Kertas Tjiwi Kimia Tbk's overall GF Score™ is 79/100 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 PT Pabrik Kertas Tjiwi Kimia Tbk (FRA:OB9), the current Debt-to-EBITDA is 2.02 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 PT Pabrik Kertas Tjiwi Kimia Tbk (FRA:OB9) Overvalued in 2026?

Based on GuruFocus' analysis, PT Pabrik Kertas Tjiwi Kimia Tbk stock appears to be undervalued. The current stock price of €0.33 is trading 7.8% below its estimated GF Value™ of €0.36.

Key valuation signals for FRA:OB9:

  • Debt-to-EBITDA: 2.02 (57% below median its 10-year median of 4.69)
  • GF Value™: €0.36 vs. price of €0.33 (7.8% below fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 38.5% below the Forest Products median (#78 of 210)

No single metric tells the full story. See the FRA:OB9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Pabrik Kertas Tjiwi Kimia Tbk Business Description

Other Exchanges TKIM:Indonesia
Address Jalan M.H. Thamrin No. 51, Gedung Sinar Mas Land Plaza, Tower II, 9th Floor, Jakarta, IDN, 10350
PT Pabrik Kertas Tjiwi Kimia Tbk is engaged in paper and stationery manufacturing, with its main products such as printed paper, coated paper, and carbonless. The company also produces a wide range of converted stationery and office products such as woodfree, art board, baking paper, brown kraft, kraft paper, and others. It operates in two business segments: Cultural paper products, and Industrial paper products and others. The Cultural paper products segment consists of printing and writing paper and related paper products; the Industrial paper segment consists of fluting medium paper and carton boxes; The other product segment includes the sale of the chemical by-product. The majority of the revenue is being made from Cultural paper products segment.
79GF Score

Get the complete analysis for FRA:OB9

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

€0.33
Price
€0.36
GF Value