PT Bekasi Fajar Industrial Estate Tbk (ISX:BEST) Debt-to-EBITDA : 9.60 (As of Mar. 2026) — 45% Above 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.

ISX:BEST PT Bekasi Fajar Industrial Estate Tbk ISX:BEST
76 GF Score
Price Rp103.00
GF Value Rp115.06
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is PT Bekasi Fajar Industrial Estate Tbk Debt-to-EBITDA?

PT Bekasi Fajar Industrial Estate Tbk ISX:BEST 76 Debt-to-EBITDA is 9.60 as of Mar. 2026, which is 45% above its 10-year median of 6.62. GuruFocus rates ISX:BEST with a GF Score™ of 76/100 and a GF Value™ of Rp115.06 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,271 Real Estate companies, PT Bekasi Fajar Industrial Estate Tbk ranks worse than 55.23% on this metric.

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

PT Bekasi Fajar Industrial Estate Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was Rp193,003 Mil. PT Bekasi Fajar Industrial Estate Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was Rp924,138 Mil. PT Bekasi Fajar Industrial Estate Tbk's annualized EBITDA for the quarter that ended in Mar. 2026 was Rp116,338 Mil. PT Bekasi Fajar Industrial Estate Tbk's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 9.60.

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 Bekasi Fajar Industrial Estate Tbk's Debt-to-EBITDA or its related term are showing as below:

ISX:BEST' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.39   Med: 6.62   Max: 52.97
Current: 6.41

During the past 13 years, the highest Debt-to-EBITDA Ratio of PT Bekasi Fajar Industrial Estate Tbk was 52.97. The lowest was 2.39. And the median was 6.62.

ISX:BEST's Debt-to-EBITDA is ranked worse than
55.23% of 1271 companies
in the Real Estate industry
Industry Median: 5.61 vs ISX:BEST: 6.41

PT Bekasi Fajar Industrial Estate Tbk  (ISX:BEST) 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 Bekasi Fajar Industrial Estate Tbk Debt-to-EBITDA Related Terms


PT Bekasi Fajar Industrial Estate Tbk Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for PT Bekasi Fajar Industrial Estate 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 Bekasi Fajar Industrial Estate Tbk Debt-to-EBITDA Chart

PT Bekasi Fajar Industrial Estate 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 33.02 8.97 6.24 7.01 8.35

PT Bekasi Fajar Industrial Estate 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 -53.41 200.40 4.47 3.78 9.60

PT Bekasi Fajar Industrial Estate Tbk Debt-to-EBITDA Competitor Comparison

For the Real Estate - Development subindustry, PT Bekasi Fajar Industrial Estate 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 Bekasi Fajar Industrial Estate Tbk Debt-to-EBITDA vs Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Bekasi Fajar Industrial Estate Tbk's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where PT Bekasi Fajar Industrial Estate Tbk's Debt-to-EBITDA falls into.


ISX:BEST
76GF Score
PT Bekasi Fajar Industrial Estate Tbk ISX:BEST
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Bekasi Fajar Industrial Estate Tbk Debt-to-EBITDA Calculation

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

PT Bekasi Fajar Industrial Estate 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
=(183812.063 + 979281.452) / 139355.583
=8.35

PT Bekasi Fajar Industrial Estate 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
=(193002.666 + 924137.833) / 116338.388
=9.60

* 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 9.60 mean?
PT Bekasi Fajar Industrial Estate Tbk (ISX:BEST) has a Debt-to-EBITDA of 9.60 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 Bekasi Fajar Industrial Estate Tbk. This is 45% above median its historical median of 6.62. Over the past decade, PT Bekasi Fajar Industrial Estate Tbk's Debt-to-EBITDA has ranged from 2.39 to 52.97. According to the industry distribution chart, PT Bekasi Fajar Industrial Estate Tbk ranks #702 out of 1271 companies in the Real Estate industry, placing it in the top 55.2%.
Is PT Bekasi Fajar Industrial Estate Tbk's Debt-to-EBITDA too high?
PT Bekasi Fajar Industrial Estate Tbk's current Debt-to-EBITDA of 9.60 is 45% above median its 10-year median of 6.62. Over the past 10 years, this metric has ranged from a low of 2.39 to a high of 52.97. The Real Estate industry median Debt-to-EBITDA is 5.61. PT Bekasi Fajar Industrial Estate Tbk's value of 9.60 is 71.1% above this industry median. Based on the distribution chart, PT Bekasi Fajar Industrial Estate Tbk ranks #702 out of 1271 companies in the Real Estate industry, which is below the industry midpoint. Overall, PT Bekasi Fajar Industrial Estate Tbk has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Bekasi Fajar Industrial Estate Tbk's Debt-to-EBITDA compare to competitors?
According to the Real Estate industry distribution chart, PT Bekasi Fajar Industrial Estate Tbk ranks #702 out of 1271 companies for Debt-to-EBITDA. This places PT Bekasi Fajar Industrial Estate Tbk in the lower half of its industry. The industry median Debt-to-EBITDA is 5.61. PT Bekasi Fajar Industrial Estate Tbk's value of 9.60 is 71.1% above this benchmark. Historically, PT Bekasi Fajar Industrial Estate Tbk's own Debt-to-EBITDA has ranged from 2.39 to 52.97 over the past decade. While the company's 10-year median is 6.62 vs. the industry median of 5.61, PT Bekasi Fajar Industrial Estate Tbk 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 Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.61, based on 1,271 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 Bekasi Fajar Industrial Estate Tbk's current Debt-to-EBITDA of 9.60 is 71.1% 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 PT Bekasi Fajar Industrial Estate Tbk. For the Real Estate industry, the median Debt-to-EBITDA is 5.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Bekasi Fajar Industrial Estate Tbk's current Debt-to-EBITDA is 9.60, which is 45% above median its own 10-year median of 6.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bekasi Fajar Industrial Estate Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bekasi Fajar Industrial Estate Tbk (ISX:BEST) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp115.06, compared to a current price of Rp103.00 — trading 10.5% below its estimated fair value. The current Debt-to-EBITDA is 9.60, which is 45% above median its 10-year median of 6.62 and 71.1% above the Real Estate industry median of 5.61. PT Bekasi Fajar Industrial Estate Tbk's overall GF Score™ is 76/100 with 3 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 Bekasi Fajar Industrial Estate Tbk (ISX:BEST), the current Debt-to-EBITDA is 9.60 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 Bekasi Fajar Industrial Estate Tbk (ISX:BEST) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bekasi Fajar Industrial Estate Tbk stock appears to be undervalued. The current stock price of Rp103.00 is trading 10.5% below its estimated GF Value™ of Rp115.06. GuruFocus considers PT Bekasi Fajar Industrial Estate Tbk to be Modestly Undervalued.

Key valuation signals for ISX:BEST:

  • Debt-to-EBITDA: 9.60 (45% above median its 10-year median of 6.62)
  • GF Value™: Rp115.06 vs. price of Rp103.00 (10.5% below fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 71.1% above the Real Estate median (#702 of 1271)

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


PT Bekasi Fajar Industrial Estate Tbk Business Description

Address Jalan Sumatera, Kawasan Industri MM2100, Cikarang Barat, West Java, Bekasi, IDN, 17520
PT Bekasi Fajar Industrial Estate Tbk is a real estate development company based in Indonesia. The business activities of the Company and its subsidiaries in general can be described Industrial Estates, Leasing of Production Facilities, Commercial Industrial Estates, and Management of Industrial Estates. The company's segment includes Industrial Estates and Others. The firm generates the majority of its revenue from the Industrial Estates segment.
76GF Score

Get the complete analysis for ISX:BEST

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

Rp103.00
Price
Rp115.06
GF Value