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Ocean Glass PCLBKK:OGC 56 Debt-to-Equity is 0.86 as of Mar. 2026, which is 65% above its 10-year median of 0.52. GuruFocus rates BKK:OGC with a GF Score™ of 56/100 and a GF Value™ of ฿18.36 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 381 Furnishings, Fixtures & Appliances companies, Ocean Glass PCL ranks worse than 80.05% 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 Ocean Glass PCL's Debt-to-Equity or its related term are showing as below:
BKK:OGC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.52 Max: 0.87
Current: 0.86
During the past 13 years, the highest Debt-to-Equity Ratio of Ocean Glass PCL was 0.87. The lowest was 0.29. And the median was 0.52.
BKK:OGC's Debt-to-Equity is ranked worse than 80.05% of 381
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.31
vs BKK:OGC: 0.86
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.
Ocean Glass PCL Debt-to-Equity Related Terms
Ocean Glass PCL Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Ocean Glass 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:OGC vs SN, SGI, MHK: Debt-to-Equity Comparison
For the Furnishings, Fixtures & Appliances subindustry, Ocean Glass 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.
Ocean Glass PCL Debt-to-Equity vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ocean Glass PCL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Ocean Glass 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.
Ocean Glass PCL (BKK:OGC) has a Debt-to-Equity of 0.86 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ocean Glass PCL and its competitors. This is 65% above median its historical median of 0.52. Over the past decade, Ocean Glass PCL's Debt-to-Equity has ranged from 0.29 to 0.87. According to the industry distribution chart, Ocean Glass PCL ranks #305 out of 381 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 80.1%.
Is Ocean Glass PCL's Debt-to-Equity too high?
Ocean Glass PCL's current Debt-to-Equity of 0.86 is 65% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 0.87. The Furnishings, Fixtures & Appliances industry median Debt-to-Equity is 0.31. Ocean Glass PCL's value of 0.86 is 177.4% above this industry median. Based on the distribution chart, Ocean Glass PCL ranks #305 out of 381 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Ocean Glass PCL has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ocean Glass PCL's Debt-to-Equity compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Ocean Glass PCL ranks #305 out of 381 companies for Debt-to-Equity. This places Ocean Glass PCL in the lower half of its industry. The industry median Debt-to-Equity is 0.31. Ocean Glass PCL's value of 0.86 is 177.4% above this benchmark. Historically, Ocean Glass PCL's own Debt-to-Equity has ranged from 0.29 to 0.87 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 0.31, Ocean Glass PCL has consistently been above 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 Furnishings, Fixtures & Appliances company?
The median Debt-to-Equity among Furnishings, Fixtures & Appliances companies is 0.31, based on 381 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. Ocean Glass PCL's current Debt-to-Equity of 0.86 is 177.4% above 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 Ocean Glass PCL and its competitors. For the Furnishings, Fixtures & Appliances 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. Ocean Glass PCL's current Debt-to-Equity is 0.86, which is 65% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocean Glass PCL stock overvalued right now?
Based on GuruFocus' analysis, Ocean Glass PCL (BKK:OGC) is currently considered Possible Value Trap. The stock's GF Value™ is ฿18.36, compared to a current price of ฿9.10 — trading 50.4% below its estimated fair value. The current Debt-to-Equity is 0.86, which is 65% above median its 10-year median of 0.52 and 177.4% above the Furnishings, Fixtures & Appliances industry median of 0.31. Ocean Glass PCL's overall GF Score™ is 56/100 with 8 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 Ocean Glass PCL (BKK:OGC), the current Debt-to-Equity is 0.86 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 Ocean Glass PCL (BKK:OGC) Overvalued in 2026?
Based on GuruFocus' analysis, Ocean Glass PCL stock appears to be undervalued.
The current stock price of ฿9.10 is trading 50.4% below its estimated GF Value™ of ฿18.36.
GuruFocus considers Ocean Glass PCL to be Possible Value Trap.
Key valuation signals for BKK:OGC:
Debt-to-Equity: 0.86 (65% above median its 10-year median of 0.52)
GF Value™: ฿18.36 vs. price of ฿9.10 (50.4% below fair value)
Industry Position: 177.4% above the Furnishings, Fixtures & Appliances median (#305 of 381)
No single metric tells the full story. See the BKK:OGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ocean Glass PCL is a Thailand-based company that manufactures and sells table glassware. The company manufactures glassware for families, food service operators, companies, and brands who want to personalize their own glassware as gifts or souvenirs. Its offering includes all kinds of glasses such as drinking glasses, wine glasses, beer glasses, juice glasses and dining glass sets. It sells its products under the brands Ocean and Lucaris. Its market coverage includes Thailand and Overseas markets, with the majority of the revenue generated from overseas sales.
56GF Score
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