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True PCLTCPFF 34 Debt-to-Equity is 5.20 as of Mar. 2026, which is 19% above its 10-year median of 4.37. GuruFocus rates TCPFF with a GF Score™ of 34/100 and a GF Value™ of $0.26 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 324 Telecommunication Services companies, True PCL ranks worse than 95.68% 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 True PCL's Debt-to-Equity or its related term are showing as below:
TCPFF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.83 Med: 4.37 Max: 6.59
Current: 5.2
During the past 13 years, the highest Debt-to-Equity Ratio of True PCL was 6.59. The lowest was 0.83. And the median was 4.37.
TCPFF's Debt-to-Equity is ranked worse than 95.68% of 324
companies
in the Telecommunication Services industry
Industry Median: 0.615
vs TCPFF: 5.20
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.
True PCL Debt-to-Equity Related Terms
True PCL Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for True 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.
For the Telecom Services subindustry, True 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.
True PCL Debt-to-Equity vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, True PCL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where True 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.
True PCL (TCPFF) has a Debt-to-Equity of 5.20 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on True PCL and its competitors. This is 19% above median its historical median of 4.37. Over the past decade, True PCL's Debt-to-Equity has ranged from 0.83 to 6.59. According to the industry distribution chart, True PCL ranks #310 out of 324 companies in the Telecommunication Services industry, placing it in the top 95.7%.
Is True PCL's Debt-to-Equity too high?
True PCL's current Debt-to-Equity of 5.20 is 19% above median its 10-year median of 4.37. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 6.59. The Telecommunication Services industry median Debt-to-Equity is 0.62. True PCL's value of 5.20 is 745.5% above this industry median. Based on the distribution chart, True PCL ranks #310 out of 324 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, True PCL has a GF Score™ of 34/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does True PCL's Debt-to-Equity compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, True PCL ranks #310 out of 324 companies for Debt-to-Equity. This places True PCL in the lower half of its industry. The industry median Debt-to-Equity is 0.62. True PCL's value of 5.20 is 745.5% above this benchmark. Historically, True PCL's own Debt-to-Equity has ranged from 0.83 to 6.59 over the past decade. While the company's 10-year median is 4.37 vs. the industry median of 0.62, True 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 Telecommunication Services company?
The median Debt-to-Equity among Telecommunication Services companies is 0.62, based on 324 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. True PCL's current Debt-to-Equity of 5.20 is 745.5% 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 True PCL and its competitors. For the Telecommunication Services industry, the median Debt-to-Equity is 0.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. True PCL's current Debt-to-Equity is 5.20, which is 19% above median its own 10-year median of 4.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is True PCL stock overvalued right now?
Based on GuruFocus' analysis, True PCL (TCPFF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.26, compared to a current price of $0.30 — trading 15.4% above its estimated fair value. The current Debt-to-Equity is 5.20, which is 19% above median its 10-year median of 4.37 and 745.5% above the Telecommunication Services industry median of 0.62. True PCL's overall GF Score™ is 34/100 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 True PCL (TCPFF), the current Debt-to-Equity is 5.20 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 True PCL (TCPFF) Overvalued in 2026?
Based on GuruFocus' analysis, True PCL stock appears to be overvalued.
The current stock price of $0.30 is trading 15.4% above its estimated GF Value™ of $0.26.
GuruFocus considers True PCL to be Modestly Overvalued.
Key valuation signals for TCPFF:
Debt-to-Equity: 5.20 (19% above median its 10-year median of 4.37)
GF Value™: $0.26 vs. price of $0.30 (15.4% above fair value)
Industry Position: 745.5% above the Telecommunication Services median (#310 of 324)
No single metric tells the full story. See the TCPFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
True Corp PCL is a triple-play telecommunications company. It operates through three business segments: Mobile, Pay TV, Broadband internet and others. The majority of revenue is derived from Mobile segment, the company's mobile services product offering. The majority of the company's customer base in its mobile services division is considered prepaid. Broadband internet and other generated revenue internet services are recognized when rendering the service to subscribers. Pay TV generates revenues from monthly subscription fees recognized in the month in which the service is provided, commencing from the completion of installation. It operates in a single geographical area, which is Thailand.
34GF Score
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