Techno Medical PCLBKK:TM-R 77 Debt-to-Equity is 0.78 as of Mar. 2026, which is 28% above its 10-year median of 0.61. GuruFocus rates BKK:TM-R with a GF Score™ of 77/100 and a GF Value™ of ฿2.99. The stock has 6 warning signs investors should review. Among 97 Medical Distribution companies, Techno Medical PCL ranks worse than 69.07% 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 Techno Medical PCL's Debt-to-Equity or its related term are showing as below:
BKK:TM-R'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.61 Max: 1.09
Current: 0.78
During the past 11 years, the highest Debt-to-Equity Ratio of Techno Medical PCL was 1.09. The lowest was 0.36. And the median was 0.61.
BKK:TM-R's Debt-to-Equity is ranked worse than 69.07% of 97
companies
in the Medical Distribution industry
Industry Median: 0.48
vs BKK:TM-R: 0.78
Techno Medical PCL (BKK:TM-R) 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.
Techno Medical PCL Debt-to-Equity Related Terms
Techno Medical PCL Debt-to-Equity Historical Data
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The historical data trend for Techno Medical 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:TM-R vs MCK, CAH, COR: Debt-to-Equity Comparison
For the Medical Distribution subindustry, Techno Medical 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.
Techno Medical PCL Debt-to-Equity vs Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Techno Medical PCL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Techno Medical 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.
Techno Medical PCL (BKK:TM-R) has a Debt-to-Equity of 0.78 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Techno Medical PCL and its competitors. This is 28% above median its historical median of 0.61. Over the past decade, Techno Medical PCL's Debt-to-Equity has ranged from 0.36 to 1.09. According to the industry distribution chart, Techno Medical PCL ranks #67 out of 97 companies in the Medical Distribution industry, placing it in the top 69.1%.
Is Techno Medical PCL's Debt-to-Equity too high?
Techno Medical PCL's current Debt-to-Equity of 0.78 is 28% above median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 1.09. The Medical Distribution industry median Debt-to-Equity is 0.48. Techno Medical PCL's value of 0.78 is 62.5% above this industry median. Based on the distribution chart, Techno Medical PCL ranks #67 out of 97 companies in the Medical Distribution industry, which is below the industry midpoint. Overall, Techno Medical PCL has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Techno Medical PCL's Debt-to-Equity compare to MCK and CAH?
According to the Medical Distribution industry distribution chart, Techno Medical PCL ranks #67 out of 97 companies for Debt-to-Equity. This places Techno Medical PCL in the lower half of its industry. The industry median Debt-to-Equity is 0.48. Techno Medical PCL's value of 0.78 is 62.5% above this benchmark. Historically, Techno Medical PCL's own Debt-to-Equity has ranged from 0.36 to 1.09 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 0.48, Techno Medical 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 Medical Distribution company?
The median Debt-to-Equity among Medical Distribution companies is 0.48, based on 97 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. Techno Medical PCL's current Debt-to-Equity of 0.78 is 62.5% 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 Techno Medical PCL and its competitors. For the Medical Distribution industry, the median Debt-to-Equity is 0.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techno Medical PCL's current Debt-to-Equity is 0.78, which is 28% above median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techno Medical PCL stock overvalued right now?
Techno Medical PCL (BKK:TM-R) has a current Debt-to-Equity of 0.78. The stock's GF Value™ is ฿2.99, compared to a current price of ฿2.32 — trading 22.4% below its estimated fair value. The current Debt-to-Equity is 0.78, which is 28% above median its 10-year median of 0.61 and 62.5% above the Medical Distribution industry median of 0.48. Techno Medical PCL's overall GF Score™ is 77/100 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 Techno Medical PCL (BKK:TM-R), the current Debt-to-Equity is 0.78 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 Techno Medical PCL (BKK:TM-R) Overvalued in 2026?
Based on GuruFocus' analysis, Techno Medical PCL stock appears to be undervalued.
The current stock price of ฿2.32 is trading 22.4% below its estimated GF Value™ of ฿2.99.
Key valuation signals for BKK:TM-R:
Debt-to-Equity: 0.78 (28% above median its 10-year median of 0.61)
GF Value™: ฿2.99 vs. price of ฿2.32 (22.4% below fair value)
Industry Position: 62.5% above the Medical Distribution median (#67 of 97)
No single metric tells the full story. See the BKK:TM-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techno Medical PCL is a Thailand-based company engaged in the trading business of medical supplies, tools, and equipment. The business activity of the group is import and distribution of operating instruments and disposable supplies, central sterile supply department products, instrument and supply used in laboratory and blood bank, and equipment and tools for heart surgery. Its segments consist of Disposable Equipment and Supplies, Sales of Medical Equipment and Instruments and Services related to Nursing Care. Maximum of revenue is Sales of Disposable Equipment and Supplies.
77GF Score
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