Leform Bhd (XKLS:0266) Debt-to-EBITDA : -22.31 (As of Mar. 2026)

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.

XKLS:0266 Leform Bhd XKLS:0266
41 GF Score
Price RM0.17
GF Value RM0.12
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Leform Bhd Debt-to-EBITDA?

Leform Bhd XKLS:0266 +3.13% 41 Debt-to-EBITDA is -22.31 as of Mar. 2026. GuruFocus rates XKLS:0266 with a GF Score™ of 41/100 and a GF Value™ of RM0.12 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 494 Steel companies, Leform Bhd ranks worse than 202428.95% on this metric.

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

Leform Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM140.1 Mil. Leform Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM9.3 Mil. Leform Bhd's annualized EBITDA for the quarter that ended in Mar. 2026 was RM-6.7 Mil. Leform Bhd's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was -22.31.

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 Leform Bhd's Debt-to-EBITDA or its related term are showing as below:

XKLS:0266' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2229.85   Med: 9.46   Max: 15.97
Current: -2229.85

During the past 7 years, the highest Debt-to-EBITDA Ratio of Leform Bhd was 15.97. The lowest was -2229.85. And the median was 9.46.

XKLS:0266's Debt-to-EBITDA is ranked worse than
100% of 494 companies
in the Steel industry
Industry Median: 2.87 vs XKLS:0266: -2229.85

Leform Bhd  (XKLS:0266) 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.


Leform Bhd Debt-to-EBITDA Related Terms


Leform Bhd Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Leform Bhd'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.

Leform Bhd Debt-to-EBITDA Chart

Leform Bhd Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial 2.34 15.94 15.97 8.36 11.94

Leform Bhd Quarterly Data
Dec19 Dec20 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 15.44 13.91 14.08 -8.94 -22.31

XKLS:0266 vs NUE, STLD, RS: Debt-to-EBITDA Comparison

For the Steel subindustry, Leform Bhd'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.


Leform Bhd Debt-to-EBITDA vs Steel Industry

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

* The bar in red indicates where Leform Bhd's Debt-to-EBITDA falls into.


XKLS:0266
41GF Score
Leform Bhd XKLS:0266
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Leform Bhd Debt-to-EBITDA Calculation

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

Leform Bhd'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
=(138.031 + 11.378) / 12.51
=11.94

Leform Bhd'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
=(140.115 + 9.285) / -6.696
=-22.31

* 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 -22.31 mean?
Leform Bhd (XKLS:0266) has a Debt-to-EBITDA of -22.31 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 Leform Bhd. According to the industry distribution chart, Leform Bhd ranks #999999 out of 494 companies in the Steel industry.
Is Leform Bhd's Debt-to-EBITDA too high?
Leform Bhd's current Debt-to-EBITDA is -22.31. Based on the distribution chart, Leform Bhd ranks #999999 out of 494 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Leform Bhd has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leform Bhd's Debt-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, Leform Bhd ranks #999999 out of 494 companies for Debt-to-EBITDA. This places Leform Bhd in the lower half of its industry. The industry median Debt-to-EBITDA is 2.87. 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 2.87, based on 494 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. 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 Leform Bhd. For the Steel industry, the median Debt-to-EBITDA is 2.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leform Bhd's current Debt-to-EBITDA is -22.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leform Bhd stock overvalued right now?
Based on GuruFocus' analysis, Leform Bhd (XKLS:0266) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.12, compared to a current price of RM0.17 — trading 37.5% above its estimated fair value. The current Debt-to-EBITDA is -22.31. Leform Bhd's overall GF Score™ is 41/100 with 7 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 Leform Bhd (XKLS:0266), the current Debt-to-EBITDA is -22.31 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 Leform Bhd (XKLS:0266) Overvalued in 2026?

Based on GuruFocus' analysis, Leform Bhd stock appears to be overvalued. The current stock price of RM0.17 is trading 37.5% above its estimated GF Value™ of RM0.12. GuruFocus considers Leform Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:0266:

  • Debt-to-EBITDA: -22.31
  • GF Value™: RM0.12 vs. price of RM0.17 (37.5% above fair value)
  • GF Score™: 41/100 with 7 warning signs

No single metric tells the full story. See the XKLS:0266 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Leform Bhd Business Description

Address PT 16077 & PT16078, Jalan Kesidang 4, Kawasan Perindustrian Sungai Choh, Serendah, SGR, MYS, 48200
Leform Bhd is involved in the manufacturing of and trading in steel products. The company's product portfolio includes Round Steel Pipe, Cold Rolled Pipe, Hollow Section Pipes, Cold Drawn Pipe, and Steel Plate Slit Coil. The Group's products are used in various end-user industries, including furniture, construction, as well as industrial product manufacturing industries (which include automotive parts and telecommunication tower pole part manufacturing). The firm's operating segment includes Manufacturing, Trading, and Others. The firm generates the majority of its revenue from the Manufacturing segment.
41GF Score

Get the complete analysis for XKLS:0266

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

RM0.17
Price
RM0.12
GF Value