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Major Development PCLBKK:MJD 39 Interest Coverage is 0.74 as of Mar. 2026, which is 38% below its 10-year median of 1.20. GuruFocus rates BKK:MJD with a GF Score™ of 39/100 and a GF Value™ of ฿1.03 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,305 Real Estate companies, Major Development PCL ranks worse than 76628.28% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Major Development PCL's
Operating Income
for the
three
months ended in Mar. 2026 was ฿142 Mil. Major Development PCL's Interest Expense for the
three
months ended in Mar. 2026 was ฿-191 Mil.
Major Development PCL's interest coverage for the quarter that ended in Mar. 2026 was 0.74.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Major Development PCL's Interest Coverage or its related term are showing as below:
BKK:MJD's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 4.24 * Ranked among companies with meaningful Interest Coverage only.
Major Development PCL (BKK:MJD) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Major Development PCL Interest Coverage Related Terms
Major Development PCL Interest Coverage Historical Data
* Premium members only.
The historical data trend for Major Development PCL's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Major Development PCL Interest Coverage Competitor Comparison
For the Real Estate - Development subindustry, Major Development PCL's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.
Major Development PCL Interest Coverage vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Major Development PCL's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Major Development PCL's Interest Coverage falls into.
Major Development PCL Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Major Development PCL (BKK:MJD) has a Interest Coverage of 0.74 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Major Development PCL and its competitors. This is 38% below median its historical median of 1.20. According to the industry distribution chart, Major Development PCL ranks #999999 out of 1305 companies in the Real Estate industry.
Is Major Development PCL's Interest Coverage too high?
Major Development PCL's current Interest Coverage of 0.74 is 38% below median its 10-year median of 1.20. The Real Estate industry median Interest Coverage is 4.24. Major Development PCL's value of 0.74 is 82.5% below this industry median. Based on the distribution chart, Major Development PCL ranks #999999 out of 1305 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Major Development PCL has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Major Development PCL's Interest Coverage compare to competitors?
According to the Real Estate industry distribution chart, Major Development PCL ranks #999999 out of 1305 companies for Interest Coverage. This places Major Development PCL in the lower half of its industry. The industry median Interest Coverage is 4.24. Major Development PCL's value of 0.74 is 82.5% below this benchmark. While the company's 10-year median is 1.20 vs. the industry median of 4.24, Major Development 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 Interest Coverage for a Real Estate company?
The median Interest Coverage among Real Estate companies is 4.24, based on 1,305 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Major Development PCL's current Interest Coverage of 0.74 is 82.5% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Major Development PCL and its competitors. For the Real Estate industry, the median Interest Coverage is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Major Development PCL's current Interest Coverage is 0.74, which is 38% below median its own 10-year median of 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Development PCL stock overvalued right now?
Based on GuruFocus' analysis, Major Development PCL (BKK:MJD) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.03, compared to a current price of ฿0.32 — trading 68.9% below its estimated fair value. The current Interest Coverage is 0.74, which is 38% below median its 10-year median of 1.20 and 82.5% below the Real Estate industry median of 4.24. Major Development PCL's overall GF Score™ is 39/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Major Development PCL (BKK:MJD), the current Interest Coverage is 0.74 as of Mar. 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 Major Development PCL (BKK:MJD) Overvalued in 2026?
Based on GuruFocus' analysis, Major Development PCL stock appears to be undervalued.
The current stock price of ฿0.32 is trading 68.9% below its estimated GF Value™ of ฿1.03.
GuruFocus considers Major Development PCL to be Possible Value Trap.
Key valuation signals for BKK:MJD:
Interest Coverage: 0.74 (38% below median its 10-year median of 1.20)
GF Value™: ฿1.03 vs. price of ฿0.32 (68.9% below fair value)
Industry Position: 82.5% below the Real Estate median (#999999 of 1305)
No single metric tells the full story. See the BKK:MJD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Major Development PCL is a Thailand-based real estate company. The operating segments of the group are the Property development business segment, the Hotel business segment, and the Rental and service business segment. It derives prime revenue from the Property development business segment, which engages in the development of land and houses and residential condominium units for sale. The group mainly operates in Thailand.
39GF Score
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Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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