Thai Oil PCLTOIPF 72 EV-to-EBITDA is 3.52 as of Jul. 07, 2026, which is 45% below its 10-year median of 6.40. GuruFocus rates TOIPF with a GF Score™ of 72/100 and a GF Value™ of $1.84 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 756 Oil & Gas companies, Thai Oil PCL ranks better than 81.88% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Thai Oil PCL's enterprise value is $5,322 Mil.
Thai Oil PCL's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $1,511 Mil. Therefore, Thai Oil PCL's EV-to-EBITDA for today is 3.52.
The historical rank and industry rank for Thai Oil PCL's EV-to-EBITDA or its related term are showing as below:
TOIPF'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -111.93 Med: 6.4 Max: 341.94
Current: 3.61
During the past 13 years, the highest EV-to-EBITDA of Thai Oil PCL was 341.94. The lowest was -111.93. And the median was 6.40.
TOIPF's EV-to-EBITDA is ranked better than 81.88% of 756
companies
in the Oil & Gas industry
Industry Median: 7.28
vs TOIPF: 3.61
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.
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.
Thai Oil PCL's PE Ratio (TTM) for today is calculated as:
Thai Oil PCL's share price for today is $1.25.
Thai Oil PCL's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.424.
* 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).
The historical data trend for Thai Oil 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.
For the Oil & Gas Refining & Marketing subindustry, Thai Oil 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.
Thai Oil PCL EV-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Thai Oil PCL's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Thai Oil PCL's EV-to-EBITDA falls into.
Thai Oil PCL's current Enterprise Value is $5,322 Mil.
Thai Oil PCL's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,511 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.
Thai Oil PCL (TOIPF) has a EV-to-EBITDA of 3.52 as of Jul. 07, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Thai Oil PCL. This is 45% below median its historical median of 6.40. According to the industry distribution chart, Thai Oil PCL ranks #137 out of 756 companies in the Oil & Gas industry, placing it in the top 18.1%.
Is Thai Oil PCL's EV-to-EBITDA too high?
Thai Oil PCL's current EV-to-EBITDA of 3.52 is 45% below median its 10-year median of 6.40. The Oil & Gas industry median EV-to-EBITDA is 7.28. Thai Oil PCL's value of 3.52 is 51.6% below this industry median. Based on the distribution chart, Thai Oil PCL ranks #137 out of 756 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Oil PCL has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Oil PCL's EV-to-EBITDA compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Thai Oil PCL ranks #137 out of 756 companies for EV-to-EBITDA. This places Thai Oil PCL in the top 18% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 7.28. Thai Oil PCL's value of 3.52 is 51.6% below this benchmark. While the company's 10-year median is 6.40 vs. the industry median of 7.28, Thai Oil 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 an Oil & Gas company?
The median EV-to-EBITDA among Oil & Gas companies is 7.28, based on 756 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. Thai Oil PCL's current EV-to-EBITDA of 3.52 is 51.6% 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 Thai Oil PCL. For the Oil & Gas industry, the median EV-to-EBITDA is 7.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Oil PCL's current EV-to-EBITDA is 3.52, which is 45% below median its own 10-year median of 6.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Oil PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Oil PCL (TOIPF) is currently considered Significantly Undervalued. The stock's GF Value™ is $1.84, compared to a current price of $1.25 — trading 32.1% below its estimated fair value. The current EV-to-EBITDA is 3.52, which is 45% below median its 10-year median of 6.40 and 51.6% below the Oil & Gas industry median of 7.28. Thai Oil PCL's overall GF Score™ is 72/100 with 5 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 Thai Oil PCL (TOIPF), the current EV-to-EBITDA is 3.52 as of Jul. 07, 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 Thai Oil PCL (TOIPF) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Oil PCL stock appears to be undervalued.
The current stock price of $1.25 is trading 32.1% below its estimated GF Value™ of $1.84.
GuruFocus considers Thai Oil PCL to be Significantly Undervalued.
Key valuation signals for TOIPF:
EV-to-EBITDA: 3.52 (45% below median its 10-year median of 6.40)
GF Value™: $1.84 vs. price of $1.25 (32.1% below fair value)
Industry Position: 51.6% below the Oil & Gas median (#137 of 756)
No single metric tells the full story. See the TOIPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Oil PCL operates an integrated business in oil refining and petrochemicals business. The company is engaged in oil refinery and distribution, petrochemicals, lube base oil and other businesses in domestic and overseas. It operates in the following reportable segments: Oil refinery, Lube base oil refinery, Aromatics and LAB, Solvent, Power generation, Ethanol, Olefins, and Others. The majority of the company's revenue is derived from the Oil refinery segment. Geographically, it generates the maximum revenue from Thailand, followed by Indonesia and other countries.
72GF Score
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