TPI Polene Power PCL (BKK:TPIPP) EV-to-EBITDA: 12.68 (As of Aug. 18, 2026) — 26% Above 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:TPIPP TPI Polene Power PCL BKK:TPIPP
69 GF Score
Price ฿1.80
GF Value ฿2.22
Valuation Modestly Undervalued
! 10 Warning Signs
View Full Analysis

What is TPI Polene Power PCL EV-to-EBITDA?

TPI Polene Power PCL BKK:TPIPP 69 EV-to-EBITDA is 12.68 as of Aug. 18, 2026, which is 26% above its 10-year median of 10.05. GuruFocus rates BKK:TPIPP with a GF Score™ of 69/100 and a GF Value™ of ฿2.22 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 366 Utilities - Independent Power Producers companies, TPI Polene Power PCL ranks worse than 53.55% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, TPI Polene Power PCL's enterprise value is ฿42,180 Mil. TPI Polene Power PCL's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ฿3,327 Mil. Therefore, TPI Polene Power PCL's EV-to-EBITDA for today is 12.68.

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

BKK:TPIPP' s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.24   Med: 10.05   Max: 22.35
Current: 12.68

During the past 12 years, the highest EV-to-EBITDA of TPI Polene Power PCL was 22.35. The lowest was 5.24. And the median was 10.05.

BKK:TPIPP's EV-to-EBITDA is ranked worse than
53.55% of 366 companies
in the Utilities - Independent Power Producers industry
Industry Median: 11.85 vs BKK:TPIPP: 12.68

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 (2026-08-18), TPI Polene Power PCL's stock price is ฿1.80. TPI Polene Power PCL's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ฿0.160. Therefore, TPI Polene Power PCL's PE Ratio (TTM) for today is 11.25.

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


TPI Polene Power PCL  (BKK:TPIPP) 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.

TPI Polene Power PCL's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=1.80/0.160
=11.25

TPI Polene Power PCL's share price for today is ฿1.80.
TPI Polene Power 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 ฿0.160.

* 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?


TPI Polene Power PCL EV-to-EBITDA Related Terms


TPI Polene Power PCL EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for TPI Polene Power 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.

TPI Polene Power PCL EV-to-EBITDA Chart

TPI Polene Power 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 8.61 10.79 9.89 10.43 10.30

TPI Polene Power 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 8.90 9.96 10.30 12.38 12.58

TPI Polene Power PCL EV-to-EBITDA Competitor Comparison

For the Utilities - Renewable subindustry, TPI Polene Power 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.


TPI Polene Power PCL EV-to-EBITDA vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, TPI Polene Power PCL's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where TPI Polene Power PCL's EV-to-EBITDA falls into.


BKK:TPIPP
69GF Score
TPI Polene Power PCL BKK:TPIPP
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TPI Polene Power PCL EV-to-EBITDA Calculation

TPI Polene Power PCL's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=42180.410/3326.937
=12.68

TPI Polene Power PCL's current Enterprise Value is ฿42,180 Mil.
TPI Polene Power 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 ฿3,327 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 12.68 mean?
TPI Polene Power PCL (BKK:TPIPP) has a EV-to-EBITDA of 12.68 as of Aug. 18, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on TPI Polene Power PCL. This is 26% above median its historical median of 10.05. Over the past decade, TPI Polene Power PCL's EV-to-EBITDA has ranged from 5.24 to 22.35. According to the industry distribution chart, TPI Polene Power PCL ranks #196 out of 366 companies in the Utilities - Independent Power Producers industry, placing it in the top 53.6%.
Is TPI Polene Power PCL's EV-to-EBITDA too high?
TPI Polene Power PCL's current EV-to-EBITDA of 12.68 is 26% above median its 10-year median of 10.05. Over the past 10 years, this metric has ranged from a low of 5.24 to a high of 22.35. The Utilities - Independent Power Producers industry median EV-to-EBITDA is 11.85. TPI Polene Power PCL's value of 12.68 is 7% above this industry median. Based on the distribution chart, TPI Polene Power PCL ranks #196 out of 366 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, TPI Polene Power PCL has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TPI Polene Power PCL's EV-to-EBITDA compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, TPI Polene Power PCL ranks #196 out of 366 companies for EV-to-EBITDA. This places TPI Polene Power PCL in the lower half of its industry. The industry median EV-to-EBITDA is 11.85. TPI Polene Power PCL's value of 12.68 is 7% above this benchmark. Historically, TPI Polene Power PCL's own EV-to-EBITDA has ranged from 5.24 to 22.35 over the past decade. While the company's 10-year median is 10.05 vs. the industry median of 11.85, TPI Polene Power 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-EBITDA for an Utilities - Independent Power Producers company?
The median EV-to-EBITDA among Utilities - Independent Power Producers companies is 11.85, based on 366 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. TPI Polene Power PCL's current EV-to-EBITDA of 12.68 is 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-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 TPI Polene Power PCL. For the Utilities - Independent Power Producers industry, the median EV-to-EBITDA is 11.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPI Polene Power PCL's current EV-to-EBITDA is 12.68, which is 26% above median its own 10-year median of 10.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPI Polene Power PCL stock overvalued right now?
Based on GuruFocus' analysis, TPI Polene Power PCL (BKK:TPIPP) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.22, compared to a current price of ฿1.80 — trading 18.9% below its estimated fair value. The current EV-to-EBITDA is 12.68, which is 26% above median its 10-year median of 10.05 and 7% above the Utilities - Independent Power Producers industry median of 11.85. TPI Polene Power PCL's overall GF Score™ is 69/100 with 10 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 TPI Polene Power PCL (BKK:TPIPP), the current EV-to-EBITDA is 12.68 as of Aug. 18, 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 TPI Polene Power PCL (BKK:TPIPP) Overvalued in 2026?

Based on GuruFocus' analysis, TPI Polene Power PCL stock appears to be undervalued. The current stock price of ฿1.80 is trading 18.9% below its estimated GF Value™ of ฿2.22. GuruFocus considers TPI Polene Power PCL to be Modestly Undervalued.

Key valuation signals for BKK:TPIPP:

  • EV-to-EBITDA: 12.68 (26% above median its 10-year median of 10.05)
  • GF Value™: ฿2.22 vs. price of ฿1.80 (18.9% below fair value)
  • GF Score™: 69/100 with 10 warning signs
  • Industry Position: 7% above the Utilities - Independent Power Producers median (#196 of 366)

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


TPI Polene Power PCL Business Description

Address Chan Tat Mai Road, 26/56, TPI Tower, Tungmahamek, Sathorn, Bangkok, THA, 10120
TPI Polene Power PCL is engaged in manufacturing and distributing electricity and refuse-derived fuel, organics waste, and distributing diesel and natural gas. The company is engaged in two segments which are Energy and utilities, Petrol and gas stations. It derives maximum revenue from Energy & Utilities segment. Geographically, the company operates in Thailand.
69GF Score

Get the complete analysis for BKK:TPIPP

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

฿1.80
Price
฿2.22
GF Value