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.
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.
Smart Concrete PCLBKK:SMART 56 Debt-to-Equity is 0.04 as of Dec. 2025, which is 43% below its 10-year median of 0.07. GuruFocus rates BKK:SMART with a GF Score™ of 56/100 and a GF Value™ of ฿0.49 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 370 Building Materials companies, Smart Concrete PCL ranks better than 89.19% 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 Smart Concrete PCL's Debt-to-Equity or its related term are showing as below:
BKK:SMART'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.07 Max: 0.2
Current: 0.04
During the past 13 years, the highest Debt-to-Equity Ratio of Smart Concrete PCL was 0.20. The lowest was 0.04. And the median was 0.07.
BKK:SMART's Debt-to-Equity is ranked better than 89.19% of 370
companies
in the Building Materials industry
Industry Median: 0.355
vs BKK:SMART: 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.
Smart Concrete PCL Debt-to-Equity Related Terms
Smart Concrete PCL Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Smart Concrete 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:SMART vs CRH, VMC, MLM: Debt-to-Equity Comparison
For the Building Materials subindustry, Smart Concrete 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.
Smart Concrete PCL Debt-to-Equity vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Smart Concrete PCL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Smart Concrete 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.
Smart Concrete PCL (BKK:SMART) has a Debt-to-Equity of 0.04 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Smart Concrete PCL and its competitors. This is 43% below median its historical median of 0.07. Over the past decade, Smart Concrete PCL's Debt-to-Equity has ranged from 0.04 to 0.20. According to the industry distribution chart, Smart Concrete PCL ranks #40 out of 370 companies in the Building Materials industry, placing it in the top 10.8%.
Is Smart Concrete PCL's Debt-to-Equity too high?
Smart Concrete PCL's current Debt-to-Equity of 0.04 is 43% below median its 10-year median of 0.07. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.20. The Building Materials industry median Debt-to-Equity is 0.36. Smart Concrete PCL's value of 0.04 is 88.7% below this industry median. Based on the distribution chart, Smart Concrete PCL ranks #40 out of 370 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Smart Concrete PCL has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smart Concrete PCL's Debt-to-Equity compare to CRH and VMC?
According to the Building Materials industry distribution chart, Smart Concrete PCL ranks #40 out of 370 companies for Debt-to-Equity. This places Smart Concrete PCL in the top 11% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.36. Smart Concrete PCL's value of 0.04 is 88.7% below this benchmark. Historically, Smart Concrete PCL's own Debt-to-Equity has ranged from 0.04 to 0.20 over the past decade. While the company's 10-year median is 0.07 vs. the industry median of 0.36, Smart Concrete 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 Building Materials company?
The median Debt-to-Equity among Building Materials companies is 0.36, based on 370 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. Smart Concrete PCL's current Debt-to-Equity of 0.04 is 88.7% 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 Smart Concrete PCL and its competitors. For the Building Materials industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart Concrete PCL's current Debt-to-Equity is 0.04, which is 43% below median its own 10-year median of 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Concrete PCL stock overvalued right now?
Based on GuruFocus' analysis, Smart Concrete PCL (BKK:SMART) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.49, compared to a current price of ฿0.59 — trading 20.4% above its estimated fair value. The current Debt-to-Equity is 0.04, which is 43% below median its 10-year median of 0.07 and 88.7% below the Building Materials industry median of 0.36. Smart Concrete 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 Smart Concrete PCL (BKK:SMART), the current Debt-to-Equity is 0.04 as of Dec. 2025. 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 Smart Concrete PCL (BKK:SMART) Overvalued in 2026?
Based on GuruFocus' analysis, Smart Concrete PCL stock appears to be overvalued.
The current stock price of ฿0.59 is trading 20.4% above its estimated GF Value™ of ฿0.49.
GuruFocus considers Smart Concrete PCL to be Modestly Overvalued.
Key valuation signals for BKK:SMART:
Debt-to-Equity: 0.04 (43% below median its 10-year median of 0.07)
GF Value™: ฿0.49 vs. price of ฿0.59 (20.4% above fair value)
Industry Position: 88.7% below the Building Materials median (#40 of 370)
No single metric tells the full story. See the BKK:SMART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smart Concrete PCL is engaged in the manufacturing and sale of products related to autoclaved aerated concrete blocks for use in construction. The company's product line includes construction and decorative products, such as lightweight concrete blocks, SmartBlock G4, decorative ventilation blocks, Smart Blocks, and Smart Lintel precast lintels. The company operates in Thailand.
56GF Score
Get the complete analysis for BKK:SMART
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:SMART has been successfully added to your 
