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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.
BKK:TPLAS'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.37
Current: 0.01
During the past 11 years, the highest Debt-to-Equity Ratio of Thai Plastic Industrial (1994) PCL was 0.37. The lowest was 0.00. And the median was 0.01.
BKK:TPLAS's Debt-to-Equity is ranked better than 99.73% of 365
companies
in the Packaging & Containers industry
Industry Median: 0.43
vs BKK:TPLAS: 0.01
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 Plastic Industrial (1994) PCL Debt-to-Equity Related Terms
Thai Plastic Industrial (1994) PCL Debt-to-Equity Historical Data
* 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:TPLAS vs SW, PKG, IP: Debt-to-Equity Comparison
For the Packaging & Containers subindustry, Thai Plastic Industrial (1994) 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 Plastic Industrial (1994) PCL Debt-to-Equity vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thai Plastic Industrial (1994) PCL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Thai Plastic Industrial (1994) 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 Plastic Industrial (1994) PCL (BKK:TPLAS) has a Debt-to-Equity of 0.01 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Thai Plastic Industrial (1994) PCL and its competitors. This is near median its historical median of 0.01. According to the industry distribution chart, Thai Plastic Industrial (1994) PCL ranks #1 out of 365 companies in the Packaging & Containers industry, placing it in the top 0.3%.
Is Thai Plastic Industrial (1994) PCL's Debt-to-Equity too high?
Thai Plastic Industrial (1994) PCL's current Debt-to-Equity of 0.01 is near median its 10-year median of 0.01. The Packaging & Containers industry median Debt-to-Equity is 0.43. Thai Plastic Industrial (1994) PCL's value of 0.01 is 97.7% below this industry median. Based on the distribution chart, Thai Plastic Industrial (1994) PCL ranks #1 out of 365 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Plastic Industrial (1994) PCL has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thai Plastic Industrial (1994) PCL's Debt-to-Equity compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thai Plastic Industrial (1994) PCL ranks #1 out of 365 companies for Debt-to-Equity. This places Thai Plastic Industrial (1994) PCL in the top 0% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.43. Thai Plastic Industrial (1994) PCL's value of 0.01 is 97.7% below this benchmark. While the company's 10-year median is 0.01 vs. the industry median of 0.43, Thai Plastic Industrial (1994) 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 Packaging & Containers company?
The median Debt-to-Equity among Packaging & Containers companies is 0.43, 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. Thai Plastic Industrial (1994) PCL's current Debt-to-Equity of 0.01 is 97.7% 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 Thai Plastic Industrial (1994) 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 Plastic Industrial (1994) PCL's current Debt-to-Equity is 0.01, which is near median its own 10-year median of 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Plastic Industrial (1994) PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Plastic Industrial (1994) PCL (BKK:TPLAS) is currently considered Fairly Valued. The stock's GF Value™ is ฿1.11, compared to a current price of ฿1.19 — trading 7.2% above its estimated fair value. The current Debt-to-Equity is 0.01, which is near median its 10-year median of 0.01 and 97.7% below the Packaging & Containers industry median of 0.43. Thai Plastic Industrial (1994) PCL's overall GF Score™ is 78/100 with 8 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 Plastic Industrial (1994) PCL (BKK:TPLAS), the current Debt-to-Equity is 0.01 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 Plastic Industrial (1994) PCL (BKK:TPLAS) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Plastic Industrial (1994) PCL stock appears to be overvalued.
The current stock price of ฿1.19 is trading 7.2% above its estimated GF Value™ of ฿1.11.
GuruFocus considers Thai Plastic Industrial (1994) PCL to be Fairly Valued.
Key valuation signals for BKK:TPLAS:
Debt-to-Equity: 0.01 (near median its 10-year median of 0.01)
GF Value™: ฿1.11 vs. price of ฿1.19 (7.2% above fair value)
Industry Position: 97.7% below the Packaging & Containers median (#1 of 365)
No single metric tells the full story. See the BKK:TPLAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Plastic Industrial (1994) PCL is engaged in the manufacturing of food plastic bags, food plastic wrappers and food paper containers. Its products include High Density Polyethylene, POLY - PROPYLENE, Thin T-Shirt Bag, LL T-Shirt Bag, PP T-Shirt Bag, LL Beverage Bag, Flexible Straws, LDPE Clear Cold Storage bags, Food Containers beat box, Bowl Food Containers beat box, Thick T-Shirt Bag, PP Bag Side folding type, and POLY - VINYI CHLORIDE. It operates in single segment of manufacturing food plastic bags, food plastic wrappers and food paper containers and sell the products in Thailand.
78GF Score
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