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PBA Holdings BhdXKLS:5041 +2.78%79 Debt-to-Equity is 0.44 as of Mar. 2026, which is 69% above its 10-year median of 0.26. GuruFocus rates XKLS:5041 with a GF Score™ of 79/100 and a GF Value™ of RM2.34 (Fairly Valued). The stock has 2 warning signs investors should review. Among 471 Utilities - Regulated companies, PBA Holdings Bhd ranks better than 72.4% 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 PBA Holdings Bhd's Debt-to-Equity or its related term are showing as below:
XKLS:5041'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.26 Max: 0.46
Current: 0.44
During the past 13 years, the highest Debt-to-Equity Ratio of PBA Holdings Bhd was 0.46. The lowest was 0.05. And the median was 0.26.
XKLS:5041's Debt-to-Equity is ranked better than 72.4% of 471
companies
in the Utilities - Regulated industry
Industry Median: 1
vs XKLS:5041: 0.44
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.
PBA Holdings Bhd Debt-to-Equity Related Terms
PBA Holdings Bhd Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for PBA Holdings Bhd'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.
XKLS:5041 vs AWK, WTRG, AWR: Debt-to-Equity Comparison
For the Utilities - Regulated Water subindustry, PBA Holdings Bhd'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.
PBA Holdings Bhd Debt-to-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, PBA Holdings Bhd's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where PBA Holdings Bhd'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.
PBA Holdings Bhd (XKLS:5041) has a Debt-to-Equity of 0.44 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PBA Holdings Bhd and its competitors. This is 69% above median its historical median of 0.26. Over the past decade, PBA Holdings Bhd's Debt-to-Equity has ranged from 0.05 to 0.46. According to the industry distribution chart, PBA Holdings Bhd ranks #130 out of 471 companies in the Utilities - Regulated industry, placing it in the top 27.6%.
Is PBA Holdings Bhd's Debt-to-Equity too high?
PBA Holdings Bhd's current Debt-to-Equity of 0.44 is 69% above median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.46. The Utilities - Regulated industry median Debt-to-Equity is 1.00. PBA Holdings Bhd's value of 0.44 is 56% below this industry median. Based on the distribution chart, PBA Holdings Bhd ranks #130 out of 471 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, PBA Holdings Bhd has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PBA Holdings Bhd's Debt-to-Equity compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, PBA Holdings Bhd ranks #130 out of 471 companies for Debt-to-Equity. This puts PBA Holdings Bhd in the upper half of its industry. The industry median Debt-to-Equity is 1.00. PBA Holdings Bhd's value of 0.44 is 56% below this benchmark. Historically, PBA Holdings Bhd's own Debt-to-Equity has ranged from 0.05 to 0.46 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 1.00, PBA Holdings Bhd 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 an Utilities - Regulated company?
The median Debt-to-Equity among Utilities - Regulated companies is 1.00, based on 471 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. PBA Holdings Bhd's current Debt-to-Equity of 0.44 is 56% 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 PBA Holdings Bhd and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PBA Holdings Bhd's current Debt-to-Equity is 0.44, which is 69% above median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PBA Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, PBA Holdings Bhd (XKLS:5041) is currently considered Fairly Valued. The stock's GF Value™ is RM2.34, compared to a current price of RM2.22 — trading 5.1% below its estimated fair value. The current Debt-to-Equity is 0.44, which is 69% above median its 10-year median of 0.26 and 56% below the Utilities - Regulated industry median of 1.00. PBA Holdings Bhd's overall GF Score™ is 79/100 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 PBA Holdings Bhd (XKLS:5041), the current Debt-to-Equity is 0.44 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 PBA Holdings Bhd (XKLS:5041) Overvalued in 2026?
Based on GuruFocus' analysis, PBA Holdings Bhd stock appears to be undervalued.
The current stock price of RM2.22 is trading 5.1% below its estimated GF Value™ of RM2.34.
GuruFocus considers PBA Holdings Bhd to be Fairly Valued.
Key valuation signals for XKLS:5041:
Debt-to-Equity: 0.44 (69% above median its 10-year median of 0.26)
GF Value™: RM2.34 vs. price of RM2.22 (5.1% below fair value)
Industry Position: 56% below the Utilities - Regulated median (#130 of 471)
No single metric tells the full story. See the XKLS:5041 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PBA Holdings Bhd is an investment holding company. Its primary business is to sustain continuous good water supply in Penang. With population growth and increasing socio-economic development, It has to employ holistic water supply management strategies. It manage both water demand and supply in a water-stressed state. The group has one reportable segment, which is the abstraction of raw water, treatment of water, supply and sale of treated water to consumers in the State of Penang. The company operated solely in Penang, Malaysia. The company through its subsidiaries is engaged in the abstraction of raw water, treatment of water, and supply and sale of treated water to consumers in the State of Penang. It operates geographically in Malaysia.
79GF Score
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