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Absolute Clean Energy PCLBKK:ACE +0.76%79 Debt-to-Equity is 0.48 as of Mar. 2026, which is 30% above its 10-year median of 0.37. GuruFocus rates BKK:ACE with a GF Score™ of 79/100 and a GF Value™ of ฿1.38 (Fairly Valued). The stock has 6 warning signs investors should review. Among 395 Utilities - Independent Power Producers companies, Absolute Clean Energy PCL ranks better than 66.08% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Absolute Clean Energy PCL's Debt-to-Equity or its related term are showing as below:
BKK:ACE'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.37 Max: 1.83
Current: 0.48
During the past 12 years, the highest Debt-to-Equity Ratio of Absolute Clean Energy PCL was 1.83. The lowest was 0.23. And the median was 0.37.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Absolute Clean Energy PCL Debt-to-Equity Related Terms
Absolute Clean Energy PCL Debt-to-Equity Historical Data
* 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.
Absolute Clean Energy PCL Debt-to-Equity Competitor Comparison
For the Utilities - Renewable subindustry, Absolute Clean Energy PCL's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Absolute Clean Energy PCL Debt-to-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Absolute Clean Energy PCL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Absolute Clean Energy PCL's Debt-to-Equity falls into.
* 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.
Absolute Clean Energy PCL (BKK:ACE) has a Debt-to-Equity of 0.48 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Absolute Clean Energy PCL and its competitors. This is 30% above median its historical median of 0.37. Over the past decade, Absolute Clean Energy PCL's Debt-to-Equity has ranged from 0.23 to 1.83. According to the industry distribution chart, Absolute Clean Energy PCL ranks #134 out of 395 companies in the Utilities - Independent Power Producers industry, placing it in the top 33.9%.
Is Absolute Clean Energy PCL's Debt-to-Equity too high?
Absolute Clean Energy PCL's current Debt-to-Equity of 0.48 is 30% above median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.83. The Utilities - Independent Power Producers industry median Debt-to-Equity is 0.84. Absolute Clean Energy PCL's value of 0.48 is 42.9% below this industry median. Based on the distribution chart, Absolute Clean Energy PCL ranks #134 out of 395 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Absolute Clean Energy PCL has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Absolute Clean Energy PCL's Debt-to-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Absolute Clean Energy PCL ranks #134 out of 395 companies for Debt-to-Equity. This puts Absolute Clean Energy PCL in the upper half of its industry. The industry median Debt-to-Equity is 0.84. Absolute Clean Energy PCL's value of 0.48 is 42.9% below this benchmark. Historically, Absolute Clean Energy PCL's own Debt-to-Equity has ranged from 0.23 to 1.83 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.84, Absolute Clean Energy PCL 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-Equity for an Utilities - Independent Power Producers company?
The median Debt-to-Equity among Utilities - Independent Power Producers companies is 0.84, based on 395 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Absolute Clean Energy PCL's current Debt-to-Equity of 0.48 is 42.9% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Absolute Clean Energy PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Debt-to-Equity is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Absolute Clean Energy PCL's current Debt-to-Equity is 0.48, which is 30% above median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Absolute Clean Energy PCL stock overvalued right now?
Based on GuruFocus' analysis, Absolute Clean Energy PCL (BKK:ACE) is currently considered Fairly Valued. The stock's GF Value™ is ฿1.38, compared to a current price of ฿1.33 — trading 3.6% below its estimated fair value. The current Debt-to-Equity is 0.48, which is 30% above median its 10-year median of 0.37 and 42.9% below the Utilities - Independent Power Producers industry median of 0.84. Absolute Clean Energy PCL's overall GF Score™ is 79/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Absolute Clean Energy PCL (BKK:ACE), the current Debt-to-Equity is 0.48 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 Absolute Clean Energy PCL (BKK:ACE) Overvalued in 2026?
Based on GuruFocus' analysis, Absolute Clean Energy PCL stock appears to be undervalued.
The current stock price of ฿1.33 is trading 3.6% below its estimated GF Value™ of ฿1.38.
GuruFocus considers Absolute Clean Energy PCL to be Fairly Valued.
Key valuation signals for BKK:ACE:
Debt-to-Equity: 0.48 (30% above median its 10-year median of 0.37)
GF Value™: ฿1.38 vs. price of ฿1.33 (3.6% below fair value)
Industry Position: 42.9% below the Utilities - Independent Power Producers median (#134 of 395)
No single metric tells the full story. See the BKK:ACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Absolute Clean Energy PCL operates biomass, municipal solid waste, natural gas, and solar energy power plants. The company operates in four reportable segments: biomass, natural gas, municipal solid waste, and solar energy power plants. The company operates only in Thailand. It generates the majority of its revenue from the Biomass power plants segment.
79GF Score
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