Next Capital PCL (BKK:NCAP-R) EV-to-EBITDA: 11.59 (As of Aug. 31, 2026) — 61% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:NCAP-R Next Capital PCL BKK:NCAP-R
67 GF Score
Price ฿3.61
GF Value ฿2.83
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Next Capital PCL EV-to-EBITDA?

Next Capital PCL BKK:NCAP-R -0.77% 67 EV-to-EBITDA is 11.59 as of Aug. 31, 2026, which is 61% below its 10-year median of 29.53. GuruFocus rates BKK:NCAP-R with a GF Score™ of 67/100 and a GF Value™ of ฿2.83 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 322 Credit Services companies, Next Capital PCL ranks better than 69.57% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Next Capital PCL's enterprise value is ฿9,989 Mil. Next Capital PCL's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ฿862 Mil. Therefore, Next Capital PCL's EV-to-EBITDA for today is 11.59.

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

BKK:NCAP-R' s EV-to-EBITDA Range Over the Past 10 Years
Min: 9.96   Med: 29.53   Max: 411.94
Current: 11.59

During the past 8 years, the highest EV-to-EBITDA of Next Capital PCL was 411.94. The lowest was 9.96. And the median was 29.53.

BKK:NCAP-R's EV-to-EBITDA is ranked better than
69.57% of 322 companies
in the Credit Services industry
Industry Median: 20.31 vs BKK:NCAP-R: 11.59

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-08-31), Next Capital PCL's stock price is ฿3.60505. Next Capital PCL's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ฿0.488. Therefore, Next Capital PCL's PE Ratio (TTM) for today is 7.39.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Next Capital PCL  (BKK:NCAP-R) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Next Capital PCL's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=3.60505/0.488
=7.39

Next Capital PCL's share price for today is ฿3.60505.
Next Capital PCL's Earnings per Share (Diluted) 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 ฿0.488.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Next Capital PCL EV-to-EBITDA Related Terms


Next Capital PCL EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Next Capital PCL's EV-to-EBITDA 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.

Next Capital PCL EV-to-EBITDA Chart

Next Capital PCL Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial 51.06 31.90 23.13 19.48 11.93

Next Capital 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-EBITDA 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 14.20 13.66 11.93 10.50 10.15

BKK:NCAP-R vs V, MA, AXP: EV-to-EBITDA Comparison

For the Credit Services subindustry, Next Capital PCL's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.


Next Capital PCL EV-to-EBITDA vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Next Capital PCL's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Next Capital PCL's EV-to-EBITDA falls into.


BKK:NCAP-R
67GF Score
Next Capital PCL BKK:NCAP-R
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Next Capital PCL EV-to-EBITDA Calculation

Next Capital PCL's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=9988.982/862.069
=11.59

Next Capital PCL's current Enterprise Value is ฿9,989 Mil.
Next Capital PCL's EBITDA 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 ฿862 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-EBITDA →
What does a EV-to-EBITDA of 11.59 mean?
Next Capital PCL (BKK:NCAP-R) has a EV-to-EBITDA of 11.59 as of Aug. 31, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Next Capital PCL. This is 61% below median its historical median of 29.53. Over the past decade, Next Capital PCL's EV-to-EBITDA has ranged from 9.96 to 411.94. According to the industry distribution chart, Next Capital PCL ranks #98 out of 322 companies in the Credit Services industry, placing it in the top 30.4%.
Is Next Capital PCL's EV-to-EBITDA too high?
Next Capital PCL's current EV-to-EBITDA of 11.59 is 61% below median its 10-year median of 29.53. Over the past 10 years, this metric has ranged from a low of 9.96 to a high of 411.94. The Credit Services industry median EV-to-EBITDA is 20.31. Next Capital PCL's value of 11.59 is 42.9% below this industry median. Based on the distribution chart, Next Capital PCL ranks #98 out of 322 companies in the Credit Services industry, which is above the industry midpoint. Overall, Next Capital PCL has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Next Capital PCL's EV-to-EBITDA compare to V and MA?
According to the Credit Services industry distribution chart, Next Capital PCL ranks #98 out of 322 companies for EV-to-EBITDA. This puts Next Capital PCL in the upper half of its industry. The industry median EV-to-EBITDA is 20.31. Next Capital PCL's value of 11.59 is 42.9% below this benchmark. Historically, Next Capital PCL's own EV-to-EBITDA has ranged from 9.96 to 411.94 over the past decade. While the company's 10-year median is 29.53 vs. the industry median of 20.31, Next Capital 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 EV-to-EBITDA for a Credit Services company?
The median EV-to-EBITDA among Credit Services companies is 20.31, based on 322 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Next Capital PCL's current EV-to-EBITDA of 11.59 is 42.9% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Next Capital PCL. For the Credit Services industry, the median EV-to-EBITDA is 20.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next Capital PCL's current EV-to-EBITDA is 11.59, which is 61% below median its own 10-year median of 29.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next Capital PCL stock overvalued right now?
Based on GuruFocus' analysis, Next Capital PCL (BKK:NCAP-R) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿2.83, compared to a current price of ฿3.61 — trading 27.4% above its estimated fair value. The current EV-to-EBITDA is 11.59, which is 61% below median its 10-year median of 29.53 and 42.9% below the Credit Services industry median of 20.31. Next Capital PCL's overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Next Capital PCL (BKK:NCAP-R), the current EV-to-EBITDA is 11.59 as of Aug. 31, 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 Next Capital PCL (BKK:NCAP-R) Overvalued in 2026?

Based on GuruFocus' analysis, Next Capital PCL stock appears to be overvalued. The current stock price of ฿3.61 is trading 27.4% above its estimated GF Value™ of ฿2.83. GuruFocus considers Next Capital PCL to be Modestly Overvalued.

Key valuation signals for BKK:NCAP-R:

  • EV-to-EBITDA: 11.59 (61% below median its 10-year median of 29.53)
  • GF Value™: ฿2.83 vs. price of ฿3.61 (27.4% above fair value)
  • GF Score™: 67/100 with 7 warning signs
  • Industry Position: 42.9% below the Credit Services median (#98 of 322)

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


Next Capital PCL Business Description

Other Exchanges NCAP:Thailand
Address Surawong Road, No. 163 Thai Samut Building, 15th Floor, Suriyawong, Bangrak, Bangkok, THA, 10500
Next Capital PCL is principally engaged in the financial services specifically motorcycle hire-purchase and loans secured against vehicle registrations. It operates in two segments: Motorcycle hire-purchase and Loans secured against vehicle registrations.
67GF Score

Get the complete analysis for BKK:NCAP-R

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

฿3.61
Price
฿2.83
GF Value