Master Style PCL (BKK:MASTER) Debt-to-Equity: 0.16 (As of Mar. 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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BKK:MASTER Master Style PCL BKK:MASTER
56 GF Score
Price ฿8.80
GF Value ฿41.61
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Master Style PCL Debt-to-Equity?

Master Style PCL BKK:MASTER 56 Debt-to-Equity is 0.16 as of Mar. 2026, which is 6% below its 10-year median of 0.17. GuruFocus rates BKK:MASTER with a GF Score™ of 56/100 and a GF Value™ of ฿41.61 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 557 Healthcare Providers & Services companies, Master Style PCL ranks better than 72.89% on this metric.

Master Style PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿183 Mil. Master Style PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿381 Mil. Master Style PCL's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ฿3,512 Mil. Master Style PCL's debt to equity for the quarter that ended in Mar. 2026 was 0.16.

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 Master Style PCL's Debt-to-Equity or its related term are showing as below:

BKK:MASTER' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09   Med: 0.17   Max: 0.89
Current: 0.16

During the past 6 years, the highest Debt-to-Equity Ratio of Master Style PCL was 0.89. The lowest was 0.09. And the median was 0.17.

BKK:MASTER's Debt-to-Equity is ranked better than
72.89% of 557 companies
in the Healthcare Providers & Services industry
Industry Median: 0.41 vs BKK:MASTER: 0.16

Master Style PCL  (BKK:MASTER) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Master Style PCL Debt-to-Equity Related Terms


Master Style PCL Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Master Style 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.

Master Style PCL Debt-to-Equity Chart

Master Style PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial 0.53 0.89 0.10 0.20 0.17

Master Style PCL Quarterly Data
Dec19 Dec20 Sep21 Dec21 Mar22 Sep22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity 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 0.19 0.20 0.19 0.17 0.16

BKK:MASTER vs HCA, THC, DVA: Debt-to-Equity Comparison

For the Medical Care Facilities subindustry, Master Style 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.


Master Style PCL Debt-to-Equity vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Master Style PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Master Style PCL's Debt-to-Equity falls into.


BKK:MASTER
56GF Score
Master Style PCL BKK:MASTER
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Master Style PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Master Style PCL's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Master Style PCL's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.16 mean?
Master Style PCL (BKK:MASTER) has a Debt-to-Equity of 0.16 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Master Style PCL and its competitors. This is near median its historical median of 0.17. Over the past decade, Master Style PCL's Debt-to-Equity has ranged from 0.09 to 0.89. According to the industry distribution chart, Master Style PCL ranks #151 out of 557 companies in the Healthcare Providers & Services industry, placing it in the top 27.1%.
Is Master Style PCL's Debt-to-Equity too high?
Master Style PCL's current Debt-to-Equity of 0.16 is near median its 10-year median of 0.17. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.89. The Healthcare Providers & Services industry median Debt-to-Equity is 0.41. Master Style PCL's value of 0.16 is 61% below this industry median. Based on the distribution chart, Master Style PCL ranks #151 out of 557 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Master Style PCL has a GF Score™ of 56/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Master Style PCL's Debt-to-Equity compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Master Style PCL ranks #151 out of 557 companies for Debt-to-Equity. This puts Master Style PCL in the upper half of its industry. The industry median Debt-to-Equity is 0.41. Master Style PCL's value of 0.16 is 61% below this benchmark. Historically, Master Style PCL's own Debt-to-Equity has ranged from 0.09 to 0.89 over the past decade. While the company's 10-year median is 0.17 vs. the industry median of 0.41, Master Style 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 Healthcare Providers & Services company?
The median Debt-to-Equity among Healthcare Providers & Services companies is 0.41, based on 557 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. Master Style PCL's current Debt-to-Equity of 0.16 is 61% 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 Master Style PCL and its competitors. For the Healthcare Providers & Services industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Master Style PCL's current Debt-to-Equity is 0.16, which is near median its own 10-year median of 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Master Style PCL stock overvalued right now?
Based on GuruFocus' analysis, Master Style PCL (BKK:MASTER) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿41.61, compared to a current price of ฿8.80 — trading 78.9% below its estimated fair value. The current Debt-to-Equity is 0.16, which is near median its 10-year median of 0.17 and 61% below the Healthcare Providers & Services industry median of 0.41. Master Style PCL's overall GF Score™ is 56/100 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Master Style PCL (BKK:MASTER), the current Debt-to-Equity is 0.16 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 Master Style PCL (BKK:MASTER) Overvalued in 2026?

Based on GuruFocus' analysis, Master Style PCL stock appears to be undervalued. The current stock price of ฿8.80 is trading 78.9% below its estimated GF Value™ of ฿41.61. GuruFocus considers Master Style PCL to be Significantly Undervalued.

Key valuation signals for BKK:MASTER:

  • Debt-to-Equity: 0.16 (near median its 10-year median of 0.17)
  • GF Value™: ฿41.61 vs. price of ฿8.80 (78.9% below fair value)
  • GF Score™: 56/100 with 4 warning signs
  • Industry Position: 61% below the Healthcare Providers & Services median (#151 of 557)

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


Master Style PCL Business Description

Address 99/19 Sukhothai Road, Dusit Subdistrict, Dusit District, Bangkok, THA, 10300
Master Style PCL is principally engaged in a cosmetic surgery hospital under the name of Masterpiece Hospital. It is a skincare and cosmetic surgery clinic. The company's services include: eye surgery, Nose surgery, Facial surgery, Hair transplant Liposuction and others. The company has two principal segments; Hospital business, which generates the majority of the revenue, and the trading of cosmetic products.
56GF Score

Get the complete analysis for BKK:MASTER

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

฿8.80
Price
฿41.61
GF Value