Tipco Asphalt PCLBKK:TASCO-R 81 Debt-to-Equity is 0.25 as of Mar. 2026, which is 14% below its 10-year median of 0.29. GuruFocus rates BKK:TASCO-R with a GF Score™ of 81/100 and a GF Value™ of ฿13.02. The stock has 6 warning signs investors should review. Among 365 Building Materials companies, Tipco Asphalt PCL ranks better than 60.27% 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 Tipco Asphalt PCL's Debt-to-Equity or its related term are showing as below:
BKK:TASCO-R'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.29 Max: 0.59
Current: 0.25
During the past 13 years, the highest Debt-to-Equity Ratio of Tipco Asphalt PCL was 0.59. The lowest was 0.13. And the median was 0.29.
BKK:TASCO-R's Debt-to-Equity is ranked better than 60.27% of 365
companies
in the Building Materials industry
Industry Median: 0.36
vs BKK:TASCO-R: 0.25
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.
Tipco Asphalt PCL Debt-to-Equity Related Terms
Tipco Asphalt PCL Debt-to-Equity Historical Data
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The historical data trend for Tipco Asphalt 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:TASCO-R vs CRH, VMC, MLM: Debt-to-Equity Comparison
For the Building Materials subindustry, Tipco Asphalt 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.
Tipco Asphalt PCL Debt-to-Equity vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Tipco Asphalt PCL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Tipco Asphalt 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.
Tipco Asphalt PCL (BKK:TASCO-R) has a Debt-to-Equity of 0.25 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Tipco Asphalt PCL and its competitors. This is 14% below median its historical median of 0.29. Over the past decade, Tipco Asphalt PCL's Debt-to-Equity has ranged from 0.13 to 0.59. According to the industry distribution chart, Tipco Asphalt PCL ranks #145 out of 365 companies in the Building Materials industry, placing it in the top 39.7%.
Is Tipco Asphalt PCL's Debt-to-Equity too high?
Tipco Asphalt PCL's current Debt-to-Equity of 0.25 is 14% below median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.59. The Building Materials industry median Debt-to-Equity is 0.36. Tipco Asphalt PCL's value of 0.25 is 30.6% below this industry median. Based on the distribution chart, Tipco Asphalt PCL ranks #145 out of 365 companies in the Building Materials industry, which is above the industry midpoint. Overall, Tipco Asphalt PCL has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Tipco Asphalt PCL's Debt-to-Equity compare to CRH and VMC?
According to the Building Materials industry distribution chart, Tipco Asphalt PCL ranks #145 out of 365 companies for Debt-to-Equity. This puts Tipco Asphalt PCL in the upper half of its industry. The industry median Debt-to-Equity is 0.36. Tipco Asphalt PCL's value of 0.25 is 30.6% below this benchmark. Historically, Tipco Asphalt PCL's own Debt-to-Equity has ranged from 0.13 to 0.59 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 0.36, Tipco Asphalt 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 365 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. Tipco Asphalt PCL's current Debt-to-Equity of 0.25 is 30.6% 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 Tipco Asphalt 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. Tipco Asphalt PCL's current Debt-to-Equity is 0.25, which is 14% below median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tipco Asphalt PCL stock overvalued right now?
Tipco Asphalt PCL (BKK:TASCO-R) has a current Debt-to-Equity of 0.25. The stock's GF Value™ is ฿13.02, compared to a current price of ฿13.09 — trading 0.5% above its estimated fair value. The current Debt-to-Equity is 0.25, which is 14% below median its 10-year median of 0.29 and 30.6% below the Building Materials industry median of 0.36. Tipco Asphalt PCL's overall GF Score™ is 81/100 with 6 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 Tipco Asphalt PCL (BKK:TASCO-R), the current Debt-to-Equity is 0.25 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 Tipco Asphalt PCL (BKK:TASCO-R) Overvalued in 2026?
Based on GuruFocus' analysis, Tipco Asphalt PCL stock appears to be overvalued.
The current stock price of ฿13.09 is trading 0.5% above its estimated GF Value™ of ฿13.02.
Key valuation signals for BKK:TASCO-R:
Debt-to-Equity: 0.25 (14% below median its 10-year median of 0.29)
GF Value™: ฿13.02 vs. price of ฿13.09 (0.5% above fair value)
Industry Position: 30.6% below the Building Materials median (#145 of 365)
No single metric tells the full story. See the BKK:TASCO-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tipco Asphalt PCL is engaged in the production and sale of asphalt and petroleum-related products, as well as the provision of construction materials and related services. The company operates through two reportable segments: the Construction segment and the Manufacturing and Trading segment. The Construction segment conducts construction services related to highway construction and road rehabilitation in Thailand. The Manufacturing and Trading segment is involved in the manufacturing and trading of asphalt, petroleum oil products, and asphalt concrete in both domestic and overseas markets, supported by marine logistics operations. It generates the majority of its revenue from the Manufacturing and Trading segment.
81GF Score
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