Berjaya Assets Bhd (XKLS:3239) Debt-to-EBITDA : 3.33 (As of Mar. 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.

XKLS:3239 Berjaya Assets Bhd XKLS:3239
20 GF Score
Price RM0.29
GF Value RM0.36
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Berjaya Assets Bhd Debt-to-EBITDA?

Berjaya Assets Bhd XKLS:3239 20 Debt-to-EBITDA is 3.33 as of Mar. 2026, which is 77% below its 10-year median of 14.49. GuruFocus rates XKLS:3239 with a GF Score™ of 20/100 and a GF Value™ of RM0.36 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 459 Conglomerates companies, Berjaya Assets Bhd ranks worse than 71.9% on this metric.

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

Berjaya Assets Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM247.5 Mil. Berjaya Assets Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM275.6 Mil. Berjaya Assets Bhd's annualized EBITDA for the quarter that ended in Mar. 2026 was RM157.3 Mil. Berjaya Assets Bhd's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 3.33.

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

XKLS:3239' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -16.52   Med: 14.49   Max: 99.55
Current: 5

During the past 13 years, the highest Debt-to-EBITDA Ratio of Berjaya Assets Bhd was 99.55. The lowest was -16.52. And the median was 14.49.

XKLS:3239's Debt-to-EBITDA is ranked worse than
71.9% of 459 companies
in the Conglomerates industry
Industry Median: 2.71 vs XKLS:3239: 5.00

Berjaya Assets Bhd  (XKLS:3239) 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.


Berjaya Assets Bhd Debt-to-EBITDA Related Terms


Berjaya Assets Bhd Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Berjaya Assets 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.

Berjaya Assets Bhd Debt-to-EBITDA Chart

Berjaya Assets Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.81 99.55 16.15 21.93 11.55

Berjaya Assets Bhd 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 10.05 8.70 5.99 5.95 3.33

XKLS:3239 vs HON, MMM: Debt-to-EBITDA Comparison

For the Conglomerates subindustry, Berjaya Assets 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.


Berjaya Assets Bhd Debt-to-EBITDA vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Berjaya Assets Bhd's Debt-to-EBITDA distribution charts can be found below:

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


XKLS:3239
20GF Score
Berjaya Assets Bhd XKLS:3239
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Berjaya Assets Bhd Debt-to-EBITDA Calculation

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

Berjaya Assets Bhd's Debt-to-EBITDA for the fiscal year that ended in Jun. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(403.428 + 205.095) / 52.682
=11.55

Berjaya Assets 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
=(247.493 + 275.576) / 157.28
=3.33

* 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 3.33 mean?
Berjaya Assets Bhd (XKLS:3239) has a Debt-to-EBITDA of 3.33 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 Berjaya Assets Bhd. This is 77% below median its historical median of 14.49. According to the industry distribution chart, Berjaya Assets Bhd ranks #330 out of 459 companies in the Conglomerates industry, placing it in the top 71.9%.
Is Berjaya Assets Bhd's Debt-to-EBITDA too high?
Berjaya Assets Bhd's current Debt-to-EBITDA of 3.33 is 77% below median its 10-year median of 14.49. The Conglomerates industry median Debt-to-EBITDA is 2.71. Berjaya Assets Bhd's value of 3.33 is 22.9% above this industry median. Based on the distribution chart, Berjaya Assets Bhd ranks #330 out of 459 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Berjaya Assets Bhd has a GF Score™ of 20/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Berjaya Assets Bhd's Debt-to-EBITDA compare to HON and MMM?
According to the Conglomerates industry distribution chart, Berjaya Assets Bhd ranks #330 out of 459 companies for Debt-to-EBITDA. This places Berjaya Assets Bhd in the lower half of its industry. The industry median Debt-to-EBITDA is 2.71. Berjaya Assets Bhd's value of 3.33 is 22.9% above this benchmark. While the company's 10-year median is 14.49 vs. the industry median of 2.71, Berjaya Assets Bhd 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 Conglomerates company?
The median Debt-to-EBITDA among Conglomerates companies is 2.71, based on 459 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. Berjaya Assets Bhd's current Debt-to-EBITDA of 3.33 is 22.9% 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 Berjaya Assets Bhd. For the Conglomerates industry, the median Debt-to-EBITDA is 2.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Berjaya Assets Bhd's current Debt-to-EBITDA is 3.33, which is 77% below median its own 10-year median of 14.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Berjaya Assets Bhd stock overvalued right now?
Based on GuruFocus' analysis, Berjaya Assets Bhd (XKLS:3239) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.36, compared to a current price of RM0.29 — trading 19.4% below its estimated fair value. The current Debt-to-EBITDA is 3.33, which is 77% below median its 10-year median of 14.49 and 22.9% above the Conglomerates industry median of 2.71. Berjaya Assets Bhd's overall GF Score™ is 20/100 with 4 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 Berjaya Assets Bhd (XKLS:3239), the current Debt-to-EBITDA is 3.33 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 Berjaya Assets Bhd (XKLS:3239) Overvalued in 2026?

Based on GuruFocus' analysis, Berjaya Assets Bhd stock appears to be undervalued. The current stock price of RM0.29 is trading 19.4% below its estimated GF Value™ of RM0.36. GuruFocus considers Berjaya Assets Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:3239:

  • Debt-to-EBITDA: 3.33 (77% below median its 10-year median of 14.49)
  • GF Value™: RM0.36 vs. price of RM0.29 (19.4% below fair value)
  • GF Score™: 20/100 with 4 warning signs
  • Industry Position: 22.9% above the Conglomerates median (#330 of 459)

No single metric tells the full story. See the XKLS:3239 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Berjaya Assets Bhd Business Description

Address No. 1 Jalan Imbi, Berjaya Times Square, Level 12, Kuala Lumpur, SGR, MYS, 55100
Berjaya Assets Bhd is an investment holding company. The company's business segments are gaming and related activities, Property development and property investment, and Recreation and others. Group operates various forecast lotteries in Sarawak, as well as provides lottery consultancy and related services. It is also involved in the investment and development of properties; operation of a hotel, theme park, and car park; management of a ferry terminal; and leasing of a theatre, as well as general trading and provision of commission agency services. Business activity of Berjaya is predominantly functioned through Malaysia. The company generates maximum revenue from Property development and property investment segment.
20GF Score

Get the complete analysis for XKLS:3239

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

RM0.29
Price
RM0.36
GF Value