TOA Paint (Thailand) PCL (BKK:TOA-R) EV-to-EBITDA: 4.36 (As of Aug. 30, 2026) — 77% 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:TOA-R TOA Paint (Thailand) PCL BKK:TOA-R
88 GF Score
Price ฿15.20
GF Value ฿13.39
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is TOA Paint (Thailand) PCL EV-to-EBITDA?

TOA Paint (Thailand) PCL BKK:TOA-R -1.90% 88 EV-to-EBITDA is 4.36 as of Aug. 30, 2026, which is 77% below its 10-year median of 19.30. GuruFocus rates BKK:TOA-R with a GF Score™ of 88/100 and a GF Value™ of ฿13.39 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,342 Chemicals companies, TOA Paint (Thailand) PCL ranks better than 88.67% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, TOA Paint (Thailand) PCL's enterprise value is ฿21,304 Mil. TOA Paint (Thailand) PCL's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ฿4,885 Mil. Therefore, TOA Paint (Thailand) PCL's EV-to-EBITDA for today is 4.36.

The historical rank and industry rank for TOA Paint (Thailand) PCL's EV-to-EBITDA or its related term are showing as below:

BKK:TOA-R' s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.14   Med: 19.3   Max: 31.32
Current: 4.36

During the past 11 years, the highest EV-to-EBITDA of TOA Paint (Thailand) PCL was 31.32. The lowest was 3.14. And the median was 19.30.

BKK:TOA-R's EV-to-EBITDA is ranked better than
88.67% of 1342 companies
in the Chemicals industry
Industry Median: 12.395 vs BKK:TOA-R: 4.36

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 (2026-08-30), TOA Paint (Thailand) PCL's stock price is ฿15.19934. TOA Paint (Thailand) PCL's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ฿1.646. Therefore, TOA Paint (Thailand) PCL's PE Ratio (TTM) for today is 9.23.

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


TOA Paint (Thailand) PCL  (BKK:TOA-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.

TOA Paint (Thailand) PCL's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=15.19934/1.646
=9.23

TOA Paint (Thailand) PCL's share price for today is ฿15.19934.
TOA Paint (Thailand) 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 ฿1.646.

* 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?


TOA Paint (Thailand) PCL EV-to-EBITDA Related Terms


TOA Paint (Thailand) PCL EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for TOA Paint (Thailand) 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.

TOA Paint (Thailand) PCL EV-to-EBITDA Chart

TOA Paint (Thailand) PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.99 24.69 9.85 7.14 4.42

TOA Paint (Thailand) 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 4.53 5.19 4.42 3.67 4.20

BKK:TOA-R vs LIN, SHW, ECL: EV-to-EBITDA Comparison

For the Specialty Chemicals subindustry, TOA Paint (Thailand) 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.


TOA Paint (Thailand) PCL EV-to-EBITDA vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, TOA Paint (Thailand) PCL's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where TOA Paint (Thailand) PCL's EV-to-EBITDA falls into.


BKK:TOA-R
88GF Score
TOA Paint (Thailand) PCL BKK:TOA-R
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TOA Paint (Thailand) PCL EV-to-EBITDA Calculation

TOA Paint (Thailand) PCL's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=21304.113/4884.975
=4.36

TOA Paint (Thailand) PCL's current Enterprise Value is ฿21,304 Mil.
TOA Paint (Thailand) 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 ฿4,885 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 4.36 mean?
TOA Paint (Thailand) PCL (BKK:TOA-R) has a EV-to-EBITDA of 4.36 as of Aug. 30, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on TOA Paint (Thailand) PCL. This is 77% below median its historical median of 19.30. Over the past decade, TOA Paint (Thailand) PCL's EV-to-EBITDA has ranged from 3.14 to 31.32. According to the industry distribution chart, TOA Paint (Thailand) PCL ranks #152 out of 1342 companies in the Chemicals industry, placing it in the top 11.3%.
Is TOA Paint (Thailand) PCL's EV-to-EBITDA too high?
TOA Paint (Thailand) PCL's current EV-to-EBITDA of 4.36 is 77% below median its 10-year median of 19.30. Over the past 10 years, this metric has ranged from a low of 3.14 to a high of 31.32. The Chemicals industry median EV-to-EBITDA is 12.40. TOA Paint (Thailand) PCL's value of 4.36 is 64.8% below this industry median. Based on the distribution chart, TOA Paint (Thailand) PCL ranks #152 out of 1342 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, TOA Paint (Thailand) PCL has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOA Paint (Thailand) PCL's EV-to-EBITDA compare to LIN and SHW?
According to the Chemicals industry distribution chart, TOA Paint (Thailand) PCL ranks #152 out of 1342 companies for EV-to-EBITDA. This places TOA Paint (Thailand) PCL in the top 11% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 12.40. TOA Paint (Thailand) PCL's value of 4.36 is 64.8% below this benchmark. Historically, TOA Paint (Thailand) PCL's own EV-to-EBITDA has ranged from 3.14 to 31.32 over the past decade. While the company's 10-year median is 19.30 vs. the industry median of 12.40, TOA Paint (Thailand) 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 Chemicals company?
The median EV-to-EBITDA among Chemicals companies is 12.40, based on 1,342 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. TOA Paint (Thailand) PCL's current EV-to-EBITDA of 4.36 is 64.8% 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 TOA Paint (Thailand) PCL. For the Chemicals industry, the median EV-to-EBITDA is 12.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOA Paint (Thailand) PCL's current EV-to-EBITDA is 4.36, which is 77% below median its own 10-year median of 19.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOA Paint (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, TOA Paint (Thailand) PCL (BKK:TOA-R) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿13.39, compared to a current price of ฿15.20 — trading 13.5% above its estimated fair value. The current EV-to-EBITDA is 4.36, which is 77% below median its 10-year median of 19.30 and 64.8% below the Chemicals industry median of 12.40. TOA Paint (Thailand) PCL's overall GF Score™ is 88/100 with 2 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 TOA Paint (Thailand) PCL (BKK:TOA-R), the current EV-to-EBITDA is 4.36 as of Aug. 30, 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 TOA Paint (Thailand) PCL (BKK:TOA-R) Overvalued in 2026?

Based on GuruFocus' analysis, TOA Paint (Thailand) PCL stock appears to be overvalued. The current stock price of ฿15.20 is trading 13.5% above its estimated GF Value™ of ฿13.39. GuruFocus considers TOA Paint (Thailand) PCL to be Modestly Overvalued.

Key valuation signals for BKK:TOA-R:

  • EV-to-EBITDA: 4.36 (77% below median its 10-year median of 19.30)
  • GF Value™: ฿13.39 vs. price of ฿15.20 (13.5% above fair value)
  • GF Score™: 88/100 with 2 warning signs
  • Industry Position: 64.8% below the Chemicals median (#152 of 1342)

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


TOA Paint (Thailand) PCL Business Description

Other Exchanges TOA:Thailand
Address Bangna-Trad Road, 31/2 Moo 3, Tumbol Bangsaotong, Amphur Bangsaotong, Samutprakarn, THA, 10570
TOA Paint (Thailand) PCL is principally engaged in the manufacture and distribution of paints and chemicals. Its product types are decorative coatings, wood coatings, construction chemicals, heavy-duty coatings, special paint, and hardware and power tools. The company generates a majority of its revenue from Thailand.
88GF Score

Get the complete analysis for BKK:TOA-R

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

฿15.20
Price
฿13.39
GF Value