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Thai Nam Plastic PCLBKK:TNPC-R 40 Debt-to-Equity is 0.96 as of Jun. 2026, which is 68% above its 10-year median of 0.57. GuruFocus rates BKK:TNPC-R with a GF Score™ of 40/100 and a GF Value™ of ฿0.87 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,225 Vehicles & Parts companies, Thai Nam Plastic PCL ranks worse than 75.43% 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 Thai Nam Plastic PCL's Debt-to-Equity or its related term are showing as below:
BKK:TNPC-R'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.57 Max: 1
Current: 0.96
During the past 13 years, the highest Debt-to-Equity Ratio of Thai Nam Plastic PCL was 1.00. The lowest was 0.36. And the median was 0.57.
BKK:TNPC-R's Debt-to-Equity is ranked worse than 75.43% of 1225
companies
in the Vehicles & Parts industry
Industry Median: 0.46
vs BKK:TNPC-R: 0.96
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.
Thai Nam Plastic PCL Debt-to-Equity Related Terms
Thai Nam Plastic PCL Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Thai Nam Plastic 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:TNPC-R vs ORLY, AZO: Debt-to-Equity Comparison
For the Auto Parts subindustry, Thai Nam Plastic 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.
Thai Nam Plastic PCL Debt-to-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Thai Nam Plastic PCL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Thai Nam Plastic 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.
Thai Nam Plastic PCL (BKK:TNPC-R) has a Debt-to-Equity of 0.96 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Thai Nam Plastic PCL and its competitors. This is 68% above median its historical median of 0.57. Over the past decade, Thai Nam Plastic PCL's Debt-to-Equity has ranged from 0.36 to 1.00. According to the industry distribution chart, Thai Nam Plastic PCL ranks #924 out of 1225 companies in the Vehicles & Parts industry, placing it in the top 75.4%.
Is Thai Nam Plastic PCL's Debt-to-Equity too high?
Thai Nam Plastic PCL's current Debt-to-Equity of 0.96 is 68% above median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 1.00. The Vehicles & Parts industry median Debt-to-Equity is 0.46. Thai Nam Plastic PCL's value of 0.96 is 108.7% above this industry median. Based on the distribution chart, Thai Nam Plastic PCL ranks #924 out of 1225 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Thai Nam Plastic PCL has a GF Score™ of 40/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thai Nam Plastic PCL's Debt-to-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Thai Nam Plastic PCL ranks #924 out of 1225 companies for Debt-to-Equity. This places Thai Nam Plastic PCL in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Thai Nam Plastic PCL's value of 0.96 is 108.7% above this benchmark. Historically, Thai Nam Plastic PCL's own Debt-to-Equity has ranged from 0.36 to 1.00 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.46, Thai Nam Plastic 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 Vehicles & Parts company?
The median Debt-to-Equity among Vehicles & Parts companies is 0.46, based on 1,225 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. Thai Nam Plastic PCL's current Debt-to-Equity of 0.96 is 108.7% 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 Thai Nam Plastic PCL and its competitors. For the Vehicles & Parts industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Nam Plastic PCL's current Debt-to-Equity is 0.96, which is 68% above median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Nam Plastic PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Nam Plastic PCL (BKK:TNPC-R) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.87, compared to a current price of ฿0.93 — trading 6.9% above its estimated fair value. The current Debt-to-Equity is 0.96, which is 68% above median its 10-year median of 0.57 and 108.7% above the Vehicles & Parts industry median of 0.46. Thai Nam Plastic PCL's overall GF Score™ is 40/100 with 5 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 Thai Nam Plastic PCL (BKK:TNPC-R), the current Debt-to-Equity is 0.96 as of Jun. 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 Thai Nam Plastic PCL (BKK:TNPC-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Nam Plastic PCL stock appears to be overvalued.
The current stock price of ฿0.93 is trading 6.9% above its estimated GF Value™ of ฿0.87.
GuruFocus considers Thai Nam Plastic PCL to be Fairly Valued.
Key valuation signals for BKK:TNPC-R:
Debt-to-Equity: 0.96 (68% above median its 10-year median of 0.57)
GF Value™: ฿0.87 vs. price of ฿0.93 (6.9% above fair value)
Industry Position: 108.7% above the Vehicles & Parts median (#924 of 1225)
No single metric tells the full story. See the BKK:TNPC-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Nam Plastic PCL engages in the production and distribution of flexible plastic, synthetic leather, and car mats. The Group's main business operations are the manufacture and distribution of semi-finished plastic products, synthetic leather, and film/sheet for the industries of Automotive, sports shoes, furniture, and fashionable leather, and flexible film/sheet for applications in household, civil engineering, and agricultural functions. The company has domestic and international areas, with the majority of revenue from Domestic.
40GF Score
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