Siam Pan Group PCL (BKK:SPG) Enterprise Value: ฿-210 Mil (As of Jul. 08, 2026) ***


BKK:SPG Siam Pan Group PCL BKK:SPG
71 GF Score
Price ฿11.00
GF Value ฿13.85
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Siam Pan Group PCL Enterprise Value?

Siam Pan Group PCL BKK:SPG 71 Enterprise Value is ฿-210 Mil as of Jul. 08, 2026. GuruFocus rates BKK:SPG with a GF Score™ of 71/100 and a GF Value™ of ฿13.85 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Siam Pan Group PCL's Enterprise Value is ฿-210 Mil. Siam Pan Group PCL's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ฿433 Mil. Therefore, Siam Pan Group PCL's EV-to-EBIT ratio for today is -0.48.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Siam Pan Group PCL's Enterprise Value is ฿-210 Mil. Siam Pan Group PCL's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ฿490 Mil. Therefore, Siam Pan Group PCL's EV-to-EBITDA ratio for today is -0.43.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Siam Pan Group PCL's Enterprise Value is ฿-210 Mil. Siam Pan Group PCL's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was ฿2,341 Mil. Therefore, Siam Pan Group PCL's EV-to-Revenue ratio for today is -0.09.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Siam Pan Group PCL's Enterprise Value is ฿-210 Mil. Siam Pan Group PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was ฿585 Mil. Therefore, Siam Pan Group PCL's EV-to-OCF ratio for today is -0.36.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Siam Pan Group PCL's Enterprise Value is ฿-210 Mil. Siam Pan Group PCL's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ฿579 Mil. Therefore, Siam Pan Group PCL's EV-to-FCF ratio for today is -0.36.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Siam Pan Group PCL  (BKK:SPG) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Siam Pan Group PCL's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=-209.977/432.947
=-0.48

Siam Pan Group PCL's current Enterprise Value is ฿-210 Mil.
Siam Pan Group PCL's EBIT 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 ฿433 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Siam Pan Group PCL's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=-209.977/489.832
=-0.43

Siam Pan Group PCL's current Enterprise Value is ฿-210 Mil.
Siam Pan Group 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 ฿490 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Siam Pan Group PCL's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=-209.977/2341.054
=-0.09

Siam Pan Group PCL's current Enterprise Value is ฿-210 Mil.
Siam Pan Group PCL's Revenue 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 ฿2,341 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Siam Pan Group PCL's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=-209.977/584.724
=-0.36

Siam Pan Group PCL's current Enterprise Value is ฿-210 Mil.
Siam Pan Group PCL's Cash Flow from Operations 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 ฿585 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Siam Pan Group PCL's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=-209.977/578.804
=-0.36

Siam Pan Group PCL's current Enterprise Value is ฿-210 Mil.
Siam Pan Group PCL's Free Cash Flow 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 ฿579 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.


Siam Pan Group PCL Enterprise Value Related Terms


Siam Pan Group PCL Enterprise Value Historical Data

* Premium members only.

The historical data trend for Siam Pan Group PCL's Enterprise Value 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.

Siam Pan Group PCL Enterprise Value Chart

Siam Pan Group PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,718.27 2,860.69 2,308.48 1,463.32 -23.71

Siam Pan Group PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value 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 834.75 397.87 651.24 -23.71 -347.98

BKK:SPG vs LIN, SHW, ECL: Enterprise Value Comparison

For the Specialty Chemicals subindustry, Siam Pan Group PCL's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.


Siam Pan Group PCL Enterprise Value vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Siam Pan Group PCL's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Siam Pan Group PCL's Enterprise Value falls into.


BKK:SPG
71GF Score
Siam Pan Group PCL BKK:SPG
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Siam Pan Group PCL Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Siam Pan Group PCL's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Siam Pan Group PCL's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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 Enterprise Value →
What does a Enterprise Value of ฿-210 Mil mean?
Siam Pan Group PCL (BKK:SPG) has a Enterprise Value of ฿-210 Mil as of Jul. 08, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Siam Pan Group PCL and its competitors.
Is Siam Pan Group PCL's Enterprise Value too high?
Siam Pan Group PCL's current Enterprise Value is ฿-210 Mil. Overall, Siam Pan Group PCL has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Siam Pan Group PCL's Enterprise Value compare to LIN and SHW?
Siam Pan Group PCL's Enterprise Value of ฿-210 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Chemicals company?
A good Enterprise Value depends on the Chemicals industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Siam Pan Group PCL and its competitors. Siam Pan Group PCL's current Enterprise Value is ฿-210 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siam Pan Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Siam Pan Group PCL (BKK:SPG) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿13.85, compared to a current price of ฿11.00 — trading 20.6% below its estimated fair value. The current Enterprise Value is ฿-210 Mil. Siam Pan Group PCL's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Siam Pan Group PCL (BKK:SPG), the current Enterprise Value is ฿-210 Mil as of Jul. 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 Siam Pan Group PCL (BKK:SPG) Overvalued in 2026?

Based on GuruFocus' analysis, Siam Pan Group PCL stock appears to be undervalued. The current stock price of ฿11.00 is trading 20.6% below its estimated GF Value™ of ฿13.85. GuruFocus considers Siam Pan Group PCL to be Modestly Undervalued.

Key valuation signals for BKK:SPG:

  • Enterprise Value: ฿-210 Mil
  • GF Value™: ฿13.85 vs. price of ฿11.00 (20.6% below fair value)
  • GF Score™: 71/100 with 4 warning signs

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


Siam Pan Group PCL Business Description

Address No. 488, Nakhon Sawan Road, Mahanak Junction, Dusit District, Bangkok, THA, 10300
Siam Pan Group PCL is a Thailand-based company that is engaged in the manufacturing and distributing of lubricating oil, grease, and batteries. The company has the following crucial segments which include Grease, and Lubricating Oil. In terms of revenue, the Grease segment generates more revenue for the company. The organization has its branches present in Thailand, Myanmar and Other countries of which it generates maximum revenue from Thailand.
71GF Score

Get the complete analysis for BKK:SPG

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

฿11.00
Price
฿13.85
GF Value