Property Perfect PCL (BKK:PF) Debt-to-Equity: 3.17 (As of Mar. 2026) — 23% Above Median

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Property Perfect PCL Debt-to-Equity?

Property Perfect PCL BKK:PF Debt-to-Equity is 3.17 as of Mar. 2026, which is 23% above its 10-year median of 2.58. The stock has 3 warning signs investors should review. Among 1,545 Real Estate companies, Property Perfect PCL ranks worse than 91.97% on this metric.

Property Perfect PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿12,614 Mil. Property Perfect PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿12,649 Mil. Property Perfect PCL's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ฿7,967 Mil. Property Perfect PCL's debt to equity for the quarter that ended in Mar. 2026 was 3.17.

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

BKK:PF' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.19   Med: 2.58   Max: 3.17
Current: 3.17

During the past 13 years, the highest Debt-to-Equity Ratio of Property Perfect PCL was 3.17. The lowest was 2.19. And the median was 2.58.

BKK:PF's Debt-to-Equity is ranked worse than
91.97% of 1545 companies
in the Real Estate industry
Industry Median: 0.75 vs BKK:PF: 3.17

Property Perfect PCL  (BKK:PF) 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.


Property Perfect PCL Debt-to-Equity Related Terms


Property Perfect PCL Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Property Perfect 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.

Property Perfect PCL Debt-to-Equity Chart

Property Perfect PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.62 2.36 2.54 2.30 2.97

Property Perfect PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 Premium Member Only 2.31 2.44 2.58 2.97 3.17

Property Perfect PCL Debt-to-Equity Competitor Comparison

For the Real Estate - Development subindustry, Property Perfect 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.


Property Perfect PCL Debt-to-Equity vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Property Perfect PCL's Debt-to-Equity distribution charts can be found below:

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



Property Perfect PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Property Perfect 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 3.17 mean?
Property Perfect PCL (BKK:PF) has a Debt-to-Equity of 3.17 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Property Perfect PCL and its competitors. This is 23% above median its historical median of 2.58. Over the past decade, Property Perfect PCL's Debt-to-Equity has ranged from 2.19 to 3.17. According to the industry distribution chart, Property Perfect PCL ranks #1421 out of 1545 companies in the Real Estate industry, placing it in the top 92%.
Is Property Perfect PCL's Debt-to-Equity too high?
Property Perfect PCL's current Debt-to-Equity of 3.17 is 23% above median its 10-year median of 2.58. Over the past 10 years, this metric has ranged from a low of 2.19 to a high of 3.17. The Real Estate industry median Debt-to-Equity is 0.75. Property Perfect PCL's value of 3.17 is 322.7% above this industry median. Based on the distribution chart, Property Perfect PCL ranks #1421 out of 1545 companies in the Real Estate industry, which is in the bottom quartile relative to peers.
How does Property Perfect PCL's Debt-to-Equity compare to competitors?
According to the Real Estate industry distribution chart, Property Perfect PCL ranks #1421 out of 1545 companies for Debt-to-Equity. This places Property Perfect PCL in the lower half of its industry. The industry median Debt-to-Equity is 0.75. Property Perfect PCL's value of 3.17 is 322.7% above this benchmark. Historically, Property Perfect PCL's own Debt-to-Equity has ranged from 2.19 to 3.17 over the past decade. While the company's 10-year median is 2.58 vs. the industry median of 0.75, Property Perfect 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 Real Estate company?
The median Debt-to-Equity among Real Estate companies is 0.75, based on 1,545 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. Property Perfect PCL's current Debt-to-Equity of 3.17 is 322.7% 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 Property Perfect PCL and its competitors. For the Real Estate industry, the median Debt-to-Equity is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Property Perfect PCL's current Debt-to-Equity is 3.17, which is 23% above median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Property Perfect PCL stock overvalued right now?
Based on GuruFocus' analysis, Property Perfect PCL (BKK:PF) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.06, compared to a current price of ฿0.04 — trading 33.3% below its estimated fair value. The current Debt-to-Equity is 3.17, which is 23% above median its 10-year median of 2.58 and 322.7% above the Real Estate industry median of 0.75. 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 Property Perfect PCL (BKK:PF), the current Debt-to-Equity is 3.17 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.

Property Perfect PCL Business Description

Address Rama 9 Road, 17th Floor, No. 100/1 Vorasombat Building, Huai Khwang District, Bangkok, THA, 10320
Property Perfect PCL operates in the real estate sector, focusing on developing properties. Its property development portfolio predominantly comprises single detached houses, duplex house, townhouses and condominiums. Additionally, the Group is focused on the development of commercial properties for renting; and hotels with four-five stars, in key locations across Thailand, which are managed by professional and international hotel chains. Its reportable segments are: Property development costs for sale, which generates the maximum revenue, Hotel, and Other. Geographically, the Group operates mainly in Thailand.