Netbay PCLBKK:NETBAY +9.62%78 Debt-to-Equity is 0.04 as of Mar. 2026, which is 100% above its 10-year median of 0.02. GuruFocus rates BKK:NETBAY with a GF Score™ of 78/100 and a GF Value™ of ฿21.44 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,238 Software companies, Netbay PCL ranks better than 81.23% 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 Netbay PCL's Debt-to-Equity or its related term are showing as below:
BKK:NETBAY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.06
Current: 0.04
During the past 11 years, the highest Debt-to-Equity Ratio of Netbay PCL was 0.06. The lowest was 0.00. And the median was 0.02.
BKK:NETBAY's Debt-to-Equity is ranked better than 81.23% of 2238
companies
in the Software industry
Industry Median: 0.19
vs BKK:NETBAY: 0.04
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.
Netbay PCL Debt-to-Equity Related Terms
Netbay PCL Debt-to-Equity Historical Data
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The historical data trend for Netbay 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:NETBAY vs UBER, SHOP, CRM: Debt-to-Equity Comparison
For the Software - Application subindustry, Netbay 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.
Netbay PCL Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, Netbay PCL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Netbay 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.
Netbay PCL (BKK:NETBAY) has a Debt-to-Equity of 0.04 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Netbay PCL and its competitors. This is 100% above median its historical median of 0.02. According to the industry distribution chart, Netbay PCL ranks #420 out of 2238 companies in the Software industry, placing it in the top 18.8%.
Is Netbay PCL's Debt-to-Equity too high?
Netbay PCL's current Debt-to-Equity of 0.04 is 100% above median its 10-year median of 0.02. The Software industry median Debt-to-Equity is 0.19. Netbay PCL's value of 0.04 is 78.9% below this industry median. Based on the distribution chart, Netbay PCL ranks #420 out of 2238 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Netbay PCL has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netbay PCL's Debt-to-Equity compare to UBER and SHOP?
According to the Software industry distribution chart, Netbay PCL ranks #420 out of 2238 companies for Debt-to-Equity. This places Netbay PCL in the top 19% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.19. Netbay PCL's value of 0.04 is 78.9% below this benchmark. While the company's 10-year median is 0.02 vs. the industry median of 0.19, Netbay 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 Software company?
The median Debt-to-Equity among Software companies is 0.19, based on 2,238 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. Netbay PCL's current Debt-to-Equity of 0.04 is 78.9% 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 Netbay PCL and its competitors. For the Software industry, the median Debt-to-Equity is 0.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netbay PCL's current Debt-to-Equity is 0.04, which is 100% above median its own 10-year median of 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netbay PCL stock overvalued right now?
Based on GuruFocus' analysis, Netbay PCL (BKK:NETBAY) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿21.44, compared to a current price of ฿11.40 — trading 46.8% below its estimated fair value. The current Debt-to-Equity is 0.04, which is 100% above median its 10-year median of 0.02 and 78.9% below the Software industry median of 0.19. Netbay PCL's overall GF Score™ is 78/100 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 Netbay PCL (BKK:NETBAY), the current Debt-to-Equity is 0.04 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 Netbay PCL (BKK:NETBAY) Overvalued in 2026?
Based on GuruFocus' analysis, Netbay PCL stock appears to be undervalued.
The current stock price of ฿11.40 is trading 46.8% below its estimated GF Value™ of ฿21.44.
GuruFocus considers Netbay PCL to be Significantly Undervalued.
Key valuation signals for BKK:NETBAY:
Debt-to-Equity: 0.04 (100% above median its 10-year median of 0.02)
GF Value™: ฿21.44 vs. price of ฿11.40 (46.8% below fair value)
Industry Position: 78.9% below the Software median (#420 of 2238)
No single metric tells the full story. See the BKK:NETBAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment.
78GF Score
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