Ratch Group PCLBKK:RATCH +0.71%60 Debt-to-Equity is 1.10 as of Mar. 2026, which is 57% above its 10-year median of 0.70. GuruFocus rates BKK:RATCH with a GF Score™ of 60/100 and a GF Value™ of ฿27.42 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 474 Utilities - Regulated companies, Ratch Group PCL ranks worse than 54.85% 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 Ratch Group PCL's Debt-to-Equity or its related term are showing as below:
BKK:RATCH'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.7 Max: 1.22
Current: 1.1
During the past 13 years, the highest Debt-to-Equity Ratio of Ratch Group PCL was 1.22. The lowest was 0.36. And the median was 0.70.
BKK:RATCH's Debt-to-Equity is ranked worse than 54.85% of 474
companies
in the Utilities - Regulated industry
Industry Median: 0.985
vs BKK:RATCH: 1.10
Ratch Group PCL (BKK:RATCH) Debt-to-Equity Explanation
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.
Ratch Group PCL Debt-to-Equity Related Terms
Ratch Group PCL Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Ratch Group 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:RATCH vs NEE, SO, DUK: Debt-to-Equity Comparison
For the Utilities - Regulated Electric subindustry, Ratch Group 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.
Ratch Group PCL Debt-to-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Ratch Group PCL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Ratch Group 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.
Ratch Group PCL (BKK:RATCH) has a Debt-to-Equity of 1.10 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ratch Group PCL and its competitors. This is 57% above median its historical median of 0.70. Over the past decade, Ratch Group PCL's Debt-to-Equity has ranged from 0.36 to 1.22. According to the industry distribution chart, Ratch Group PCL ranks #260 out of 474 companies in the Utilities - Regulated industry, placing it in the top 54.9%.
Is Ratch Group PCL's Debt-to-Equity too high?
Ratch Group PCL's current Debt-to-Equity of 1.10 is 57% above median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 1.22. The Utilities - Regulated industry median Debt-to-Equity is 0.99. Ratch Group PCL's value of 1.10 is 11.7% above this industry median. Based on the distribution chart, Ratch Group PCL ranks #260 out of 474 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Ratch Group PCL has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ratch Group PCL's Debt-to-Equity compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Ratch Group PCL ranks #260 out of 474 companies for Debt-to-Equity. This places Ratch Group PCL in the lower half of its industry. The industry median Debt-to-Equity is 0.99. Ratch Group PCL's value of 1.10 is 11.7% above this benchmark. Historically, Ratch Group PCL's own Debt-to-Equity has ranged from 0.36 to 1.22 over the past decade. While the company's 10-year median is 0.70 vs. the industry median of 0.99, Ratch Group 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 an Utilities - Regulated company?
The median Debt-to-Equity among Utilities - Regulated companies is 0.99, based on 474 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. Ratch Group PCL's current Debt-to-Equity of 1.10 is 11.7% 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 Ratch Group PCL and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratch Group PCL's current Debt-to-Equity is 1.10, which is 57% above median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratch Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Ratch Group PCL (BKK:RATCH) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿27.42, compared to a current price of ฿35.50 — trading 29.5% above its estimated fair value. The current Debt-to-Equity is 1.10, which is 57% above median its 10-year median of 0.70 and 11.7% above the Utilities - Regulated industry median of 0.99. Ratch Group PCL's overall GF Score™ is 60/100 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 Ratch Group PCL (BKK:RATCH), the current Debt-to-Equity is 1.10 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 Ratch Group PCL (BKK:RATCH) Overvalued in 2026?
Based on GuruFocus' analysis, Ratch Group PCL stock appears to be overvalued.
The current stock price of ฿35.50 is trading 29.5% above its estimated GF Value™ of ฿27.42.
GuruFocus considers Ratch Group PCL to be Modestly Overvalued.
Key valuation signals for BKK:RATCH:
Debt-to-Equity: 1.10 (57% above median its 10-year median of 0.70)
GF Value™: ฿27.42 vs. price of ฿35.50 (29.5% above fair value)
Industry Position: 11.7% above the Utilities - Regulated median (#260 of 474)
No single metric tells the full story. See the BKK:RATCH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ratch Group PCL is a Thailand-based holding company. The Company's principal businesses are investing in companies whose objectives are to generate and sell electricity and develop power energy projects and infrastructure projects. The Group has four operating segments: Domestic Electricity Generating, Domestic Renewable Energy, International Power Projects, and Domestic Related Business & Infrastructure. The majority of revenue is from the domestic electricity-generating segment. Geographically, the majority of income is from Thailand. Its investment is mainly focused on fossil fuel power generation projects, renewable projects, and businesses adjacent to electricity generation and energy both in Thailand & internationally.
60GF Score
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