Thai Oil PCLTOIPY 78 Interest Coverage is 42.37 as of Mar. 2026, which is 565% above its 10-year median of 6.37. GuruFocus rates TOIPY with a GF Score™ of 78/100 and a GF Value™ of $13.59 (Fairly Valued). The stock has 3 warning signs investors should review. Among 728 Oil & Gas companies, Thai Oil PCL ranks better than 64.84% 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. Thai Oil PCL's
Operating Income
for the
three
months ended in Mar. 2026 was $896 Mil. Thai Oil PCL's Interest Expense for the
three
months ended in Mar. 2026 was $-21 Mil.
Thai Oil PCL's interest coverage for the quarter that ended in Mar. 2026 was 42.37.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Thai Oil PCL's Interest Coverage or its related term are showing as below:
TOIPY'
s Interest Coverage Range Over the Past 10 Years
Min: 1.94 Med: 6.37 Max: 11.47
Current: 10.66
TOIPY's Interest Coverage is ranked better than 64.84% of 728
companies
in the Oil & Gas industry
Industry Median: 5.885
vs TOIPY: 10.66
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 .
Thai Oil PCL Interest Coverage Related Terms
Thai Oil PCL Interest Coverage Historical Data
* Premium members only.
The historical data trend for Thai Oil 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.
TOIPY vs VLO, MPC, PSX: Interest Coverage Comparison
For the Oil & Gas Refining & Marketing subindustry, Thai Oil 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.
Thai Oil PCL Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Thai Oil PCL's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Thai Oil PCL's Interest Coverage falls into.
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.
Thai Oil PCL (TOIPY) has a Interest Coverage of 42.37 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Thai Oil PCL and its competitors. This is 565% above median its historical median of 6.37. Over the past decade, Thai Oil PCL's Interest Coverage has ranged from 1.94 to 11.47. According to the industry distribution chart, Thai Oil PCL ranks #256 out of 728 companies in the Oil & Gas industry, placing it in the top 35.2%.
Is Thai Oil PCL's Interest Coverage too high?
Thai Oil PCL's current Interest Coverage of 42.37 is 565% above median its 10-year median of 6.37. Over the past 10 years, this metric has ranged from a low of 1.94 to a high of 11.47. The Oil & Gas industry median Interest Coverage is 5.89. Thai Oil PCL's value of 42.37 is 620% above this industry median. Based on the distribution chart, Thai Oil PCL ranks #256 out of 728 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Thai Oil PCL has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thai Oil PCL's Interest Coverage compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Thai Oil PCL ranks #256 out of 728 companies for Interest Coverage. This puts Thai Oil PCL in the upper half of its industry. The industry median Interest Coverage is 5.89. Thai Oil PCL's value of 42.37 is 620% above this benchmark. Historically, Thai Oil PCL's own Interest Coverage has ranged from 1.94 to 11.47 over the past decade. While the company's 10-year median is 6.37 vs. the industry median of 5.89, Thai Oil 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 Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.89, based on 728 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. Thai Oil PCL's current Interest Coverage of 42.37 is 620% 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 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 Thai Oil PCL and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Oil PCL's current Interest Coverage is 42.37, which is 565% above median its own 10-year median of 6.37. 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 (TOIPY) is currently considered Fairly Valued. The stock's GF Value™ is $13.59, compared to a current price of $14.40 — trading 6% above its estimated fair value. The current Interest Coverage is 42.37, which is 565% above median its 10-year median of 6.37 and 620% above the Oil & Gas industry median of 5.89. Thai Oil PCL's overall GF Score™ is 78/100 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 Thai Oil PCL (TOIPY), the current Interest Coverage is 42.37 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 Thai Oil PCL (TOIPY) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Oil PCL stock appears to be overvalued.
The current stock price of $14.40 is trading 6% above its estimated GF Value™ of $13.59.
GuruFocus considers Thai Oil PCL to be Fairly Valued.
Key valuation signals for TOIPY:
Interest Coverage: 42.37 (565% above median its 10-year median of 6.37)
GF Value™: $13.59 vs. price of $14.40 (6% above fair value)
Industry Position: 620% above the Oil & Gas median (#256 of 728)
No single metric tells the full story. See the TOIPY 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.
78GF Score
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