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.
Thai Plaspac PCLBKK:TPAC -0.58%88 Debt-to-Equity is 0.97 as of Mar. 2026, which is 20% below its 10-year median of 1.21. GuruFocus rates BKK:TPAC with a GF Score™ of 88/100 and a GF Value™ of ฿10.38 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 363 Packaging & Containers companies, Thai Plaspac PCL ranks worse than 80.44% 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 Plaspac PCL's Debt-to-Equity or its related term are showing as below:
BKK:TPAC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 1.21 Max: 2.55
Current: 0.97
During the past 13 years, the highest Debt-to-Equity Ratio of Thai Plaspac PCL was 2.55. The lowest was 0.01. And the median was 1.21.
BKK:TPAC's Debt-to-Equity is ranked worse than 80.44% of 363
companies
in the Packaging & Containers industry
Industry Median: 0.43
vs BKK:TPAC: 0.97
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 Plaspac PCL Debt-to-Equity Related Terms
Thai Plaspac PCL Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Thai Plaspac 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:TPAC vs SW, PKG, IP: Debt-to-Equity Comparison
For the Packaging & Containers subindustry, Thai Plaspac 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 Plaspac PCL Debt-to-Equity vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thai Plaspac PCL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Thai Plaspac 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 Plaspac PCL (BKK:TPAC) has a Debt-to-Equity of 0.97 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Thai Plaspac PCL and its competitors. This is 20% below median its historical median of 1.21. Over the past decade, Thai Plaspac PCL's Debt-to-Equity has ranged from 0.01 to 2.55. According to the industry distribution chart, Thai Plaspac PCL ranks #292 out of 363 companies in the Packaging & Containers industry, placing it in the top 80.4%.
Is Thai Plaspac PCL's Debt-to-Equity too high?
Thai Plaspac PCL's current Debt-to-Equity of 0.97 is 20% below median its 10-year median of 1.21. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 2.55. The Packaging & Containers industry median Debt-to-Equity is 0.43. Thai Plaspac PCL's value of 0.97 is 125.6% above this industry median. Based on the distribution chart, Thai Plaspac PCL ranks #292 out of 363 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Thai Plaspac PCL has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Plaspac PCL's Debt-to-Equity compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thai Plaspac PCL ranks #292 out of 363 companies for Debt-to-Equity. This places Thai Plaspac PCL in the lower half of its industry. The industry median Debt-to-Equity is 0.43. Thai Plaspac PCL's value of 0.97 is 125.6% above this benchmark. Historically, Thai Plaspac PCL's own Debt-to-Equity has ranged from 0.01 to 2.55 over the past decade. While the company's 10-year median is 1.21 vs. the industry median of 0.43, Thai Plaspac 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 Packaging & Containers company?
The median Debt-to-Equity among Packaging & Containers companies is 0.43, based on 363 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 Plaspac PCL's current Debt-to-Equity of 0.97 is 125.6% 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 Plaspac PCL and its competitors. For the Packaging & Containers industry, the median Debt-to-Equity is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Plaspac PCL's current Debt-to-Equity is 0.97, which is 20% below median its own 10-year median of 1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Plaspac PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Plaspac PCL (BKK:TPAC) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿10.38, compared to a current price of ฿8.50 — trading 18.1% below its estimated fair value. The current Debt-to-Equity is 0.97, which is 20% below median its 10-year median of 1.21 and 125.6% above the Packaging & Containers industry median of 0.43. Thai Plaspac PCL's overall GF Score™ is 88/100 with 2 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 Plaspac PCL (BKK:TPAC), the current Debt-to-Equity is 0.97 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 Thai Plaspac PCL (BKK:TPAC) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Plaspac PCL stock appears to be undervalued.
The current stock price of ฿8.50 is trading 18.1% below its estimated GF Value™ of ฿10.38.
GuruFocus considers Thai Plaspac PCL to be Modestly Undervalued.
Key valuation signals for BKK:TPAC:
Debt-to-Equity: 0.97 (20% below median its 10-year median of 1.21)
GF Value™: ฿10.38 vs. price of ฿8.50 (18.1% below fair value)
Industry Position: 125.6% above the Packaging & Containers median (#292 of 363)
No single metric tells the full story. See the BKK:TPAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Plaspac PCL is a Thailand-based company that operates in the plastic packaging business. The activity of the group includes the manufacturing and distribution of plastic packaging materials. It offers a wide range of manufacturing capabilities, ranging from packaging design, injection-molding, blow-molding, injection/blow molding in-line inspections, and quality assurance. It serves food, daily products, consumer-household, and other sectors. Geographically, the firm has a business presence in Thailand and Other overseas countries.
88GF Score
Get the complete analysis for BKK:TPAC
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:TPAC has been successfully added to your 
