KCE Electronics PCLBKK:KCE-R 69 Debt-to-Equity is 0.07 as of Mar. 2026, which is 71% below its 10-year median of 0.24. GuruFocus rates BKK:KCE-R with a GF Score™ of 69/100 and a GF Value™ of ฿17.61. The stock has 10 warning signs investors should review. Among 2,213 Hardware companies, KCE Electronics PCL ranks better than 77.68% 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 KCE Electronics PCL's Debt-to-Equity or its related term are showing as below:
BKK:KCE-R'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.24 Max: 0.61
Current: 0.07
During the past 13 years, the highest Debt-to-Equity Ratio of KCE Electronics PCL was 0.61. The lowest was 0.07. And the median was 0.24.
BKK:KCE-R's Debt-to-Equity is ranked better than 77.68% of 2213
companies
in the Hardware industry
Industry Median: 0.27
vs BKK:KCE-R: 0.07
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.
KCE Electronics PCL Debt-to-Equity Related Terms
KCE Electronics PCL Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for KCE Electronics 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:KCE-R vs APH, GLW, TEL: Debt-to-Equity Comparison
For the Electronic Components subindustry, KCE Electronics 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.
KCE Electronics PCL Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, KCE Electronics PCL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where KCE Electronics 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.
KCE Electronics PCL (BKK:KCE-R) has a Debt-to-Equity of 0.07 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on KCE Electronics PCL and its competitors. This is 71% below median its historical median of 0.24. Over the past decade, KCE Electronics PCL's Debt-to-Equity has ranged from 0.07 to 0.61. According to the industry distribution chart, KCE Electronics PCL ranks #494 out of 2213 companies in the Hardware industry, placing it in the top 22.3%.
Is KCE Electronics PCL's Debt-to-Equity too high?
KCE Electronics PCL's current Debt-to-Equity of 0.07 is 71% below median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.61. The Hardware industry median Debt-to-Equity is 0.27. KCE Electronics PCL's value of 0.07 is 74.1% below this industry median. Based on the distribution chart, KCE Electronics PCL ranks #494 out of 2213 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, KCE Electronics PCL has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does KCE Electronics PCL's Debt-to-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, KCE Electronics PCL ranks #494 out of 2213 companies for Debt-to-Equity. This places KCE Electronics PCL in the top 22% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.27. KCE Electronics PCL's value of 0.07 is 74.1% below this benchmark. Historically, KCE Electronics PCL's own Debt-to-Equity has ranged from 0.07 to 0.61 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 0.27, KCE Electronics 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 Hardware company?
The median Debt-to-Equity among Hardware companies is 0.27, based on 2,213 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. KCE Electronics PCL's current Debt-to-Equity of 0.07 is 74.1% 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 KCE Electronics PCL and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KCE Electronics PCL's current Debt-to-Equity is 0.07, which is 71% below median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KCE Electronics PCL stock overvalued right now?
KCE Electronics PCL (BKK:KCE-R) has a current Debt-to-Equity of 0.07. The stock's GF Value™ is ฿17.61, compared to a current price of ฿24.00 — trading 36.3% above its estimated fair value. The current Debt-to-Equity is 0.07, which is 71% below median its 10-year median of 0.24 and 74.1% below the Hardware industry median of 0.27. KCE Electronics PCL's overall GF Score™ is 69/100 with 10 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 KCE Electronics PCL (BKK:KCE-R), the current Debt-to-Equity is 0.07 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 KCE Electronics PCL (BKK:KCE-R) Overvalued in 2026?
Based on GuruFocus' analysis, KCE Electronics PCL stock appears to be overvalued.
The current stock price of ฿24.00 is trading 36.3% above its estimated GF Value™ of ฿17.61.
Key valuation signals for BKK:KCE-R:
Debt-to-Equity: 0.07 (71% below median its 10-year median of 0.24)
GF Value™: ฿17.61 vs. price of ฿24.00 (36.3% above fair value)
Industry Position: 74.1% below the Hardware median (#494 of 2213)
No single metric tells the full story. See the BKK:KCE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KCE Electronics PCL and its subsidiaries manufacture and distribute printed circuit boards. The company is based in Thailand but earns the majority of its revenue internationally. It has three segments: Manufacturing and distributing of Prepreg and Laminate; Manufacturing and distributing of Printed Circuit Board; and Manufacturing and distributing of Chemical. The company manufactures printed circuit boards that are used in a variety of industries, including automotive, computer, industrial, and telecommunications systems. The company also manufactures and distributes chemicals and laminate products. The majority of its revenue is earned in Europe.
69GF Score
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