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Finansia X PCLBKK:FSX +0.88%14 Debt-to-Equity is 0.09 as of Mar. 2026, which is 61% below its 10-year median of 0.23. GuruFocus rates BKK:FSX with a GF Score™ of 14/100 and a GF Value™ of ฿0.83 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 610 Capital Markets companies, Finansia X PCL ranks better than 75.08% 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 Finansia X PCL's Debt-to-Equity or its related term are showing as below:
BKK:FSX'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.23 Max: 0.5
Current: 0.09
During the past 4 years, the highest Debt-to-Equity Ratio of Finansia X PCL was 0.50. The lowest was 0.06. And the median was 0.23.
BKK:FSX's Debt-to-Equity is ranked better than 75.08% of 610
companies
in the Capital Markets industry
Industry Median: 0.305
vs BKK:FSX: 0.09
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.
Finansia X PCL Debt-to-Equity Related Terms
Finansia X PCL Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Finansia X PCL's Debt-to-Equity 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.
BKK:FSX vs MS, GS, SCHW: Debt-to-Equity Comparison
For the Capital Markets subindustry, Finansia X 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.
Finansia X PCL Debt-to-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Finansia X PCL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Finansia X 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.
Finansia X PCL (BKK:FSX) has a Debt-to-Equity of 0.09 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Finansia X PCL and its competitors. This is 61% below median its historical median of 0.23. Over the past decade, Finansia X PCL's Debt-to-Equity has ranged from 0.06 to 0.50. According to the industry distribution chart, Finansia X PCL ranks #152 out of 610 companies in the Capital Markets industry, placing it in the top 24.9%.
Is Finansia X PCL's Debt-to-Equity too high?
Finansia X PCL's current Debt-to-Equity of 0.09 is 61% below median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.50. The Capital Markets industry median Debt-to-Equity is 0.31. Finansia X PCL's value of 0.09 is 70.5% below this industry median. Based on the distribution chart, Finansia X PCL ranks #152 out of 610 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Finansia X PCL has a GF Score™ of 14/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Finansia X PCL's Debt-to-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Finansia X PCL ranks #152 out of 610 companies for Debt-to-Equity. This places Finansia X PCL in the top 25% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.31. Finansia X PCL's value of 0.09 is 70.5% below this benchmark. Historically, Finansia X PCL's own Debt-to-Equity has ranged from 0.06 to 0.50 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.31, Finansia X 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 a Capital Markets company?
The median Debt-to-Equity among Capital Markets companies is 0.31, based on 610 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. Finansia X PCL's current Debt-to-Equity of 0.09 is 70.5% 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 Finansia X PCL and its competitors. For the Capital Markets industry, the median Debt-to-Equity is 0.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Finansia X PCL's current Debt-to-Equity is 0.09, which is 61% below median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finansia X PCL stock overvalued right now?
Based on GuruFocus' analysis, Finansia X PCL (BKK:FSX) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.83, compared to a current price of ฿1.14 — trading 37.3% above its estimated fair value. The current Debt-to-Equity is 0.09, which is 61% below median its 10-year median of 0.23 and 70.5% below the Capital Markets industry median of 0.31. Finansia X PCL's overall GF Score™ is 14/100 with 3 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 Finansia X PCL (BKK:FSX), the current Debt-to-Equity is 0.09 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 Finansia X PCL (BKK:FSX) Overvalued in 2026?
Based on GuruFocus' analysis, Finansia X PCL stock appears to be overvalued.
The current stock price of ฿1.14 is trading 37.3% above its estimated GF Value™ of ฿0.83.
GuruFocus considers Finansia X PCL to be Significantly Overvalued.
Key valuation signals for BKK:FSX:
Debt-to-Equity: 0.09 (61% below median its 10-year median of 0.23)
GF Value™: ฿0.83 vs. price of ฿1.14 (37.3% above fair value)
Industry Position: 70.5% below the Capital Markets median (#152 of 610)
No single metric tells the full story. See the BKK:FSX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Finansia X PCL is engaged in investing in or participating in any trading business or businesses, as a shareholder in other limited companies and public limited companies. Its core business is the securities business. Its segments include Securities and derivatives brokerage segment which provide services according to securities brokering, derivative brokering and securities borrowing and lending, Investment banking segment, which provide services according to underwriting, investment advisory and financial advisory, and Proprietary trading segment, which provide services according to investment. The majority of the revenue is derived from Securities and derivatives brokerage segment. The company is operated in only Thailand.
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