S P Setia Bhd (XKLS:8664) Debt-to-EBITDA : 10.25 (As of Mar. 2026) — 11% 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.

XKLS:8664 S P Setia Bhd XKLS:8664
57 GF Score
Price RM0.94
GF Value RM0.98
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is S P Setia Bhd Debt-to-EBITDA?

S P Setia Bhd XKLS:8664 57 Debt-to-EBITDA is 10.25 as of Mar. 2026, which is 11% above its 10-year median of 9.23. GuruFocus rates XKLS:8664 with a GF Score™ of 57/100 and a GF Value™ of RM0.98 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,274 Real Estate companies, S P Setia Bhd ranks worse than 53.85% on this metric.

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

S P Setia Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM1,653 Mil. S P Setia Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM6,233 Mil. S P Setia Bhd's annualized EBITDA for the quarter that ended in Mar. 2026 was RM769 Mil. S P Setia Bhd's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 10.25.

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

XKLS:8664' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.68   Med: 9.23   Max: 150.39
Current: 6.17

During the past 13 years, the highest Debt-to-EBITDA Ratio of S P Setia Bhd was 150.39. The lowest was 3.68. And the median was 9.23.

XKLS:8664's Debt-to-EBITDA is ranked worse than
53.85% of 1274 companies
in the Real Estate industry
Industry Median: 5.625 vs XKLS:8664: 6.17

S P Setia Bhd  (XKLS:8664) 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.


S P Setia Bhd Debt-to-EBITDA Related Terms


S P Setia Bhd Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for S P Setia 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.

S P Setia Bhd Debt-to-EBITDA Chart

S P Setia Bhd 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 16.51 13.45 9.81 5.56 5.93

S P Setia 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 9.28 7.40 8.40 3.50 10.25

S P Setia Bhd Debt-to-EBITDA Competitor Comparison

For the Real Estate - Development subindustry, S P Setia 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.


S P Setia Bhd Debt-to-EBITDA vs Real Estate Industry

For the Real Estate industry and Real Estate sector, S P Setia Bhd's Debt-to-EBITDA distribution charts can be found below:

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


XKLS:8664
57GF Score
S P Setia Bhd XKLS:8664
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

S P Setia Bhd Debt-to-EBITDA Calculation

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

S P Setia 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
=(3036.288 + 4896.396) / 1337.009
=5.93

S P Setia 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
=(1652.861 + 6232.509) / 769.128
=10.25

* 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 10.25 mean?
S P Setia Bhd (XKLS:8664) has a Debt-to-EBITDA of 10.25 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 S P Setia Bhd. This is 11% above median its historical median of 9.23. Over the past decade, S P Setia Bhd's Debt-to-EBITDA has ranged from 3.68 to 150.39. According to the industry distribution chart, S P Setia Bhd ranks #686 out of 1274 companies in the Real Estate industry, placing it in the top 53.8%.
Is S P Setia Bhd's Debt-to-EBITDA too high?
S P Setia Bhd's current Debt-to-EBITDA of 10.25 is 11% above median its 10-year median of 9.23. Over the past 10 years, this metric has ranged from a low of 3.68 to a high of 150.39. The Real Estate industry median Debt-to-EBITDA is 5.63. S P Setia Bhd's value of 10.25 is 82.2% above this industry median. Based on the distribution chart, S P Setia Bhd ranks #686 out of 1274 companies in the Real Estate industry, which is below the industry midpoint. Overall, S P Setia Bhd has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does S P Setia Bhd's Debt-to-EBITDA compare to competitors?
According to the Real Estate industry distribution chart, S P Setia Bhd ranks #686 out of 1274 companies for Debt-to-EBITDA. This places S P Setia Bhd in the lower half of its industry. The industry median Debt-to-EBITDA is 5.63. S P Setia Bhd's value of 10.25 is 82.2% above this benchmark. Historically, S P Setia Bhd's own Debt-to-EBITDA has ranged from 3.68 to 150.39 over the past decade. While the company's 10-year median is 9.23 vs. the industry median of 5.63, S P Setia 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 Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.63, based on 1,274 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. S P Setia Bhd's current Debt-to-EBITDA of 10.25 is 82.2% 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 S P Setia Bhd. For the Real Estate industry, the median Debt-to-EBITDA is 5.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S P Setia Bhd's current Debt-to-EBITDA is 10.25, which is 11% above median its own 10-year median of 9.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S P Setia Bhd stock overvalued right now?
Based on GuruFocus' analysis, S P Setia Bhd (XKLS:8664) is currently considered Fairly Valued. The stock's GF Value™ is RM0.98, compared to a current price of RM0.94 — trading 4.6% below its estimated fair value. The current Debt-to-EBITDA is 10.25, which is 11% above median its 10-year median of 9.23 and 82.2% above the Real Estate industry median of 5.63. S P Setia Bhd's overall GF Score™ is 57/100 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 S P Setia Bhd (XKLS:8664), the current Debt-to-EBITDA is 10.25 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 S P Setia Bhd (XKLS:8664) Overvalued in 2026?

Based on GuruFocus' analysis, S P Setia Bhd stock appears to be undervalued. The current stock price of RM0.94 is trading 4.6% below its estimated GF Value™ of RM0.98. GuruFocus considers S P Setia Bhd to be Fairly Valued.

Key valuation signals for XKLS:8664:

  • Debt-to-EBITDA: 10.25 (11% above median its 10-year median of 9.23)
  • GF Value™: RM0.98 vs. price of RM0.94 (4.6% below fair value)
  • GF Score™: 57/100 with 4 warning signs
  • Industry Position: 82.2% above the Real Estate median (#686 of 1274)

No single metric tells the full story. See the XKLS:8664 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


S P Setia Bhd Business Description

Address 12, Persiaran Setia Dagang, Setia Alam, Seksyen U13, S P Setia Berhad Corporate HQ, Shah Alam, SGR, MYS, 40170
S P Setia Bhd is a general real estate company that reports in two segments: Property Development; and Construction, Investment Holding & others. The vast majority of the company's revenue is generated by its property development business, which focuses on developing residential and commercial facilities, followed by its construction segment. Its construction, investment holding & others segment focuses on construction, manufacturing, trading, and investing.
57GF Score

Get the complete analysis for XKLS:8664

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

RM0.94
Price
RM0.98
GF Value