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Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in Earnings Before Interest and Taxes (EBIT).
Maybank Securities (Thailand) PCL's Degree of Financial Leverage for the quarter that ended in Jun. 2026 was 0.43. The higher Degree of Financial Leverage, the more volatile earnings will be.
BKK:MST-R's Degree of Financial Leverage is ranked better than 76.59% of 662
companies
in the Capital Markets industry
Industry Median: 0.98
vs BKK:MST-R: 0.43
Maybank Securities (Thailand) PCL (BKK:MST-R) Degree of Financial Leverage Explanation
Degree of Financial Leverage (DFL) is a leverage ratio that measures the sensitivity of a company’s Earnings per Share (EPS) to fluctuations in its operating income, also referred to as Earnings Before Interest and Taxes (EBIT), resulting from adjustments in its capital structure. DFL is an essential tool for companies to assess the appropriate level of debt or financial leverage in their capital structure. When EBIT remains relatively stable, it results in stable earnings and earnings per share. In such cases, the company may consider taking on substantial debt. However, for companies operating in industries with significant fluctuations in EBIT, it is advisable to keep debt at a manageable level.
The higher Degree of Financial Leverage, the more volatile earnings will be. Because interest is a fixed expense, leverage can amplify earnings and EPS. This is beneficial when EBIT is growing, but it can become problematic in tough economic conditions when EBIT is under pressure.
Be Aware
The use of financial leverage varies across different industries and business sectors, and the application of Degree of Financial Leverage (DFL) should be adjusted accordingly.
Maybank Securities (Thailand) PCL Degree of Financial Leverage Related Terms
Maybank Securities (Thailand) PCL Degree of Financial Leverage 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.
Maybank Securities (Thailand) PCL Degree of Financial Leverage Chart
BKK:MST-R vs MS, GS, SCHW: Degree of Financial Leverage Comparison
For the Capital Markets subindustry, Maybank Securities (Thailand) PCL's Degree of Financial Leverage, along with its competitors' market caps and Degree of Financial Leverage 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.
Maybank Securities (Thailand) PCL Degree of Financial Leverage vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Maybank Securities (Thailand) PCL's Degree of Financial Leverage distribution charts can be found below:
* The bar in red indicates where Maybank Securities (Thailand) PCL's Degree of Financial Leverage 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.
** TTM data of EPS and EBIT was used to calculate Degree of Financial Leverage.
*** Please be aware that the Degree of Financial Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
What does a Degree of Financial Leverage of 0.43 mean?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a Degree of Financial Leverage of 0.43 as of Jun. 2026. Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in EBIT. View historical data for Maybank Securities (Thailand) PCL and its competitors. According to the industry distribution chart, Maybank Securities (Thailand) PCL ranks #155 out of 662 companies in the Capital Markets industry, placing it in the top 23.4%.
Is Maybank Securities (Thailand) PCL's Degree of Financial Leverage too high?
Maybank Securities (Thailand) PCL's current Degree of Financial Leverage is 0.43. The Capital Markets industry median Degree of Financial Leverage is 0.98. Maybank Securities (Thailand) PCL's value of 0.43 is 56.1% below this industry median. Based on the distribution chart, Maybank Securities (Thailand) PCL ranks #155 out of 662 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Maybank Securities (Thailand) PCL has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maybank Securities (Thailand) PCL's Degree of Financial Leverage compare to MS and GS?
According to the Capital Markets industry distribution chart, Maybank Securities (Thailand) PCL ranks #155 out of 662 companies for Degree of Financial Leverage. This places Maybank Securities (Thailand) PCL in the top 23% of its industry — outperforming the majority of peers. The industry median Degree of Financial Leverage is 0.98. Maybank Securities (Thailand) PCL's value of 0.43 is 56.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Degree of Financial Leverage for a Capital Markets company?
The median Degree of Financial Leverage among Capital Markets companies is 0.98, based on 662 companies in the industry. Companies in the top quartile (top 25%) have a Degree of Financial Leverage significantly above this median, while those in the bottom quartile fall well below. However, Degree of Financial Leverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Maybank Securities (Thailand) PCL's current Degree of Financial Leverage of 0.43 is 56.1% 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 Degree of Financial Leverage mean?
A high Degree of Financial Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in EBIT. View historical data for Maybank Securities (Thailand) PCL and its competitors. For the Capital Markets industry, the median Degree of Financial Leverage is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maybank Securities (Thailand) PCL's current Degree of Financial Leverage is 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maybank Securities (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, Maybank Securities (Thailand) PCL (BKK:MST-R) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿9.35, compared to a current price of ฿7.75 — trading 17.1% below its estimated fair value. The current Degree of Financial Leverage is 0.43 and 56.1% below the Capital Markets industry median of 0.98. Maybank Securities (Thailand) PCL's overall GF Score™ is 60/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Financial Leverage calculated?
Degree of Financial Leverage is calculated from a company's financial statements. For Maybank Securities (Thailand) PCL (BKK:MST-R), the current Degree of Financial Leverage is 0.43 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 Maybank Securities (Thailand) PCL (BKK:MST-R) Overvalued in 2026?
Based on GuruFocus' analysis, Maybank Securities (Thailand) PCL stock appears to be undervalued.
The current stock price of ฿7.75 is trading 17.1% below its estimated GF Value™ of ฿9.35.
GuruFocus considers Maybank Securities (Thailand) PCL to be Modestly Undervalued.
Key valuation signals for BKK:MST-R:
Degree of Financial Leverage: 0.43
GF Value™: ฿9.35 vs. price of ฿7.75 (17.1% below fair value)
Industry Position: 56.1% below the Capital Markets median (#155 of 662)
No single metric tells the full story. See the BKK:MST-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which also generates key revenue, provides services like securities brokering, derivative brokering, securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing and lending, and corporate finance advisory services.
60GF Score
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Degree of Financial Leverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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