The Steel PCL (BKK:THE) EV-to-EBIT: 12.91 (As of Sep. 08, 2026) — 34% Above Median

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BKK:THE The Steel PCL BKK:THE
34 GF Score
Price ฿1.16
GF Value ฿0.70
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is The Steel PCL EV-to-EBIT?

The Steel PCL BKK:THE 34 EV-to-EBIT is 12.91 as of Sep. 08, 2026, which is 34% above its 10-year median of 9.64. GuruFocus rates BKK:THE with a GF Score™ of 34/100 and a GF Value™ of ฿0.70 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 493 Steel companies, The Steel PCL ranks worse than 51.72% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, The Steel PCL's Enterprise Value is ฿1,902 Mil. The Steel PCL's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ฿147 Mil. Therefore, The Steel PCL's EV-to-EBIT for today is 12.91.

The historical rank and industry rank for The Steel PCL's EV-to-EBIT or its related term are showing as below:

BKK:THE' s EV-to-EBIT Range Over the Past 10 Years
Min: -618.94   Med: 9.64   Max: 296.86
Current: 12.91

During the past 13 years, the highest EV-to-EBIT of The Steel PCL was 296.86. The lowest was -618.94. And the median was 9.64.

BKK:THE's EV-to-EBIT is ranked worse than
51.72% of 493 companies
in the Steel industry
Industry Median: 12.69 vs BKK:THE: 12.91

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. The Steel PCL's Enterprise Value for the quarter that ended in Jun. 2026 was ฿1,494 Mil. The Steel PCL's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ฿147 Mil. The Steel PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 9.86%.


The Steel PCL  (BKK:THE) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

The Steel PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=147.328/1493.85219
=9.86 %

The Steel PCL's Enterprise Value for the quarter that ended in Jun. 2026 was ฿1,494 Mil.
The Steel PCL's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿147 Mil.

* 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.


The Steel PCL EV-to-EBIT Related Terms


The Steel PCL EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for The Steel PCL's EV-to-EBIT 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.

The Steel PCL EV-to-EBIT Chart

The Steel PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.71 -31.95 -203.66 105.54 -562.27

The Steel PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 189.10 77.65 -562.27 29.39 10.14

BKK:THE vs NUE, STLD, RS: EV-to-EBIT Comparison

For the Steel subindustry, The Steel PCL's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


The Steel PCL EV-to-EBIT vs Steel Industry

For the Steel industry and Basic Materials sector, The Steel PCL's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where The Steel PCL's EV-to-EBIT falls into.


BKK:THE
34GF Score
The Steel PCL BKK:THE
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Steel PCL EV-to-EBIT Calculation

The Steel PCL's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1901.615/147.328
=12.91

The Steel PCL's current Enterprise Value is ฿1,902 Mil.
The Steel PCL's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿147 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 12.91 mean?
The Steel PCL (BKK:THE) has a EV-to-EBIT of 12.91 as of Sep. 08, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on The Steel PCL and its competitors. This is 34% above median its historical median of 9.64. According to the industry distribution chart, The Steel PCL ranks #255 out of 493 companies in the Steel industry, placing it in the top 51.7%.
Is The Steel PCL's EV-to-EBIT too high?
The Steel PCL's current EV-to-EBIT of 12.91 is 34% above median its 10-year median of 9.64. The Steel industry median EV-to-EBIT is 12.69. The Steel PCL's value of 12.91 is 1.7% above this industry median. Based on the distribution chart, The Steel PCL ranks #255 out of 493 companies in the Steel industry, which is below the industry midpoint. Overall, The Steel PCL has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Steel PCL's EV-to-EBIT compare to NUE and STLD?
According to the Steel industry distribution chart, The Steel PCL ranks #255 out of 493 companies for EV-to-EBIT. This places The Steel PCL in the lower half of its industry. The industry median EV-to-EBIT is 12.69. The Steel PCL's value of 12.91 is 1.7% above this benchmark. While the company's 10-year median is 9.64 vs. the industry median of 12.69, The Steel 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 EV-to-EBIT for a Steel company?
The median EV-to-EBIT among Steel companies is 12.69, based on 493 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Steel PCL's current EV-to-EBIT of 12.91 is 1.7% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on The Steel PCL and its competitors. For the Steel industry, the median EV-to-EBIT is 12.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Steel PCL's current EV-to-EBIT is 12.91, which is 34% above median its own 10-year median of 9.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Steel PCL stock overvalued right now?
Based on GuruFocus' analysis, The Steel PCL (BKK:THE) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.70, compared to a current price of ฿1.16 — trading 65.7% above its estimated fair value. The current EV-to-EBIT is 12.91, which is 34% above median its 10-year median of 9.64 and 1.7% above the Steel industry median of 12.69. The Steel PCL's overall GF Score™ is 34/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For The Steel PCL (BKK:THE), the current EV-to-EBIT is 12.91 as of Sep. 08, 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 The Steel PCL (BKK:THE) Overvalued in 2026?

Based on GuruFocus' analysis, The Steel PCL stock appears to be overvalued. The current stock price of ฿1.16 is trading 65.7% above its estimated GF Value™ of ฿0.70. GuruFocus considers The Steel PCL to be Significantly Overvalued.

Key valuation signals for BKK:THE:

  • EV-to-EBIT: 12.91 (34% above median its 10-year median of 9.64)
  • GF Value™: ฿0.70 vs. price of ฿1.16 (65.7% above fair value)
  • GF Score™: 34/100 with 6 warning signs
  • Industry Position: 1.7% above the Steel median (#255 of 493)

No single metric tells the full story. See the BKK:THE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Steel PCL Business Description

Other Exchanges THE-R:Thailand
Address 7/4, 7/6 Moo 1 Khae rai, Kratumban, Samutsakorn, THA, 74110
The Steel PCL is principally engaged in the selling and transforming hot rolled steel sheets and coils and other structural steels and logistic services of steel. Its product portfolio includes hot-rolled coils, and processed forms such as slit coils, steel sheets, hot-formed structural steel, and cold-formed structural steel, as well as other steel products. In addition, the company also processes certain steel products, including steel sheets, slit coils, flat steel, folded angle steel, folded channel steel, steel pipes, and C-shaped structural steel. The company operates in two reportable segments: Revenue from sales of steels, which accounts for a majority of its revenue, and Revenue from logistic services. Geographically, it is managed and operates principally in Thailand.
34GF Score

Get the complete analysis for BKK:THE

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿1.16
Price
฿0.70
GF Value