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Asphere Innovations PCLBKK:AS -0.85%63 Debt-to-Equity is 0.03 as of Mar. 2026, which is 81% below its 10-year median of 0.16. GuruFocus rates BKK:AS with a GF Score™ of 63/100 and a GF Value™ of ฿3.73 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 411 Interactive Media companies, Asphere Innovations PCL ranks better than 79.08% 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 Asphere Innovations PCL's Debt-to-Equity or its related term are showing as below:
BKK:AS'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.16 Max: 0.51
Current: 0.03
During the past 13 years, the highest Debt-to-Equity Ratio of Asphere Innovations PCL was 0.51. The lowest was 0.01. And the median was 0.16.
BKK:AS's Debt-to-Equity is ranked better than 79.08% of 411
companies
in the Interactive Media industry
Industry Median: 0.13
vs BKK:AS: 0.03
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.
Asphere Innovations PCL Debt-to-Equity Related Terms
Asphere Innovations 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.
BKK:AS vs NTES, EA, TTWO: Debt-to-Equity Comparison
For the Electronic Gaming & Multimedia subindustry, Asphere Innovations 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.
Asphere Innovations PCL Debt-to-Equity vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Asphere Innovations PCL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Asphere Innovations 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.
Asphere Innovations PCL (BKK:AS) has a Debt-to-Equity of 0.03 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Asphere Innovations PCL and its competitors. This is 81% below median its historical median of 0.16. Over the past decade, Asphere Innovations PCL's Debt-to-Equity has ranged from 0.01 to 0.51. According to the industry distribution chart, Asphere Innovations PCL ranks #86 out of 411 companies in the Interactive Media industry, placing it in the top 20.9%.
Is Asphere Innovations PCL's Debt-to-Equity too high?
Asphere Innovations PCL's current Debt-to-Equity of 0.03 is 81% below median its 10-year median of 0.16. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.51. The Interactive Media industry median Debt-to-Equity is 0.13. Asphere Innovations PCL's value of 0.03 is 76.9% below this industry median. Based on the distribution chart, Asphere Innovations PCL ranks #86 out of 411 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Asphere Innovations PCL has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asphere Innovations PCL's Debt-to-Equity compare to NTES and EA?
According to the Interactive Media industry distribution chart, Asphere Innovations PCL ranks #86 out of 411 companies for Debt-to-Equity. This places Asphere Innovations PCL in the top 21% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.13. Asphere Innovations PCL's value of 0.03 is 76.9% below this benchmark. Historically, Asphere Innovations PCL's own Debt-to-Equity has ranged from 0.01 to 0.51 over the past decade. While the company's 10-year median is 0.16 vs. the industry median of 0.13, Asphere Innovations 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 Interactive Media company?
The median Debt-to-Equity among Interactive Media companies is 0.13, based on 411 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. Asphere Innovations PCL's current Debt-to-Equity of 0.03 is 76.9% 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 Asphere Innovations PCL and its competitors. For the Interactive Media industry, the median Debt-to-Equity is 0.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asphere Innovations PCL's current Debt-to-Equity is 0.03, which is 81% below median its own 10-year median of 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asphere Innovations PCL stock overvalued right now?
Based on GuruFocus' analysis, Asphere Innovations PCL (BKK:AS) is currently considered Possible Value Trap. The stock's GF Value™ is ฿3.73, compared to a current price of ฿2.34 — trading 37.3% below its estimated fair value. The current Debt-to-Equity is 0.03, which is 81% below median its 10-year median of 0.16 and 76.9% below the Interactive Media industry median of 0.13. Asphere Innovations PCL's overall GF Score™ is 63/100 with 5 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 Asphere Innovations PCL (BKK:AS), the current Debt-to-Equity is 0.03 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 Asphere Innovations PCL (BKK:AS) Overvalued in 2026?
Based on GuruFocus' analysis, Asphere Innovations PCL stock appears to be undervalued.
The current stock price of ฿2.34 is trading 37.3% below its estimated GF Value™ of ฿3.73.
GuruFocus considers Asphere Innovations PCL to be Possible Value Trap.
Key valuation signals for BKK:AS:
Debt-to-Equity: 0.03 (81% below median its 10-year median of 0.16)
GF Value™: ฿3.73 vs. price of ฿2.34 (37.3% below fair value)
Industry Position: 76.9% below the Interactive Media median (#86 of 411)
No single metric tells the full story. See the BKK:AS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asphere Innovations PCL is engaged in providing online game services. The Company operates in two segments: the publishing online game segment, which contributes the majority of the revenue and provides online game publishing services through the internet based on agreements between the publisher and game developers; and the distribution segment, which provides payment channel services. Other income mainly comprises revenue from the provision of marketing services. The Company offers a collection of games across PC and mobile platforms, covering genres such as MMORPG, Casual, SRPG, FPS, and MOBA. It operates in Thailand, Singapore, Vietnam, and other countries, with Singapore contributing the majority of the revenue.
63GF Score
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