PJP Makrum (WAR:PJP) Interest Coverage: 0 (At Loss) (As of Mar. 2026)


WAR:PJP PJP Makrum SA WAR:PJP
75 GF Score
Price zł18.80
GF Value zł17.26
Valuation Fairly Valued
! 13 Warning Signs
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What is PJP Makrum Interest Coverage?

PJP Makrum WAR:PJP +1.90% 75 Interest Coverage is 0 (At Loss) as of Mar. 2026. GuruFocus rates WAR:PJP with a GF Score™ of 75/100 and a GF Value™ of zł17.26 (Fairly Valued). The stock has 13 warning signs investors should review. Among 1,351 Construction companies, PJP Makrum ranks worse than 94.45% 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. PJP Makrum's Operating Income for the three months ended in Mar. 2026 was zł-1.2 Mil. PJP Makrum's Interest Expense for the three months ended in Mar. 2026 was zł-1.3 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for PJP Makrum's Interest Coverage or its related term are showing as below:

WAR:PJP' s Interest Coverage Range Over the Past 10 Years
Min: 0.81   Med: 8.59   Max: 17.18
Current: 0.81


WAR:PJP's Interest Coverage is ranked worse than
94.45% of 1351 companies
in the Construction industry
Industry Median: 7.81 vs WAR:PJP: 0.81

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


PJP Makrum  (WAR:PJP) 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 .


PJP Makrum Interest Coverage Related Terms


PJP Makrum Interest Coverage Historical Data

* Premium members only.

The historical data trend for PJP Makrum'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.

PJP Makrum Interest Coverage Chart

PJP Makrum Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.76 10.21 3.55 1.22 1.29

PJP Makrum Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage 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 0.97 1.17 0.00 1.99 0.00

WAR:PJP vs PWR, FIX, EME: Interest Coverage Comparison

For the Engineering & Construction subindustry, PJP Makrum'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.


PJP Makrum Interest Coverage vs Construction Industry

For the Construction industry and Industrials sector, PJP Makrum's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PJP Makrum's Interest Coverage falls into.


WAR:PJP
75GF Score
PJP Makrum SA WAR:PJP
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PJP Makrum 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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

PJP Makrum's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, PJP Makrum's Interest Expense was zł-9.5 Mil. Its Operating Income was zł12.3 Mil. And its Long-Term Debt & Capital Lease Obligation was zł105.6 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*12.274/-9.518
=1.29

PJP Makrum's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, PJP Makrum's Interest Expense was zł-1.3 Mil. Its Operating Income was zł-1.2 Mil. And its Long-Term Debt & Capital Lease Obligation was zł62.0 Mil.

PJP Makrum did not have earnings to cover the 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 0 (At Loss) mean?
PJP Makrum (WAR:PJP) has a Interest Coverage of 0 (At Loss) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on PJP Makrum and its competitors. Over the past decade, PJP Makrum's Interest Coverage has ranged from 0.81 to 17.18. According to the industry distribution chart, PJP Makrum ranks #1276 out of 1351 companies in the Construction industry, placing it in the top 94.4%.
Is PJP Makrum's Interest Coverage too high?
PJP Makrum's current Interest Coverage is 0 (At Loss). Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 17.18. Based on the distribution chart, PJP Makrum ranks #1276 out of 1351 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, PJP Makrum has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PJP Makrum's Interest Coverage compare to PWR and FIX?
According to the Construction industry distribution chart, PJP Makrum ranks #1276 out of 1351 companies for Interest Coverage. This places PJP Makrum in the lower half of its industry. The industry median Interest Coverage is 7.81. Historically, PJP Makrum's own Interest Coverage has ranged from 0.81 to 17.18 over the past decade. 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 Construction company?
The median Interest Coverage among Construction companies is 7.81, based on 1,351 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. 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 PJP Makrum and its competitors. For the Construction industry, the median Interest Coverage is 7.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJP Makrum's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJP Makrum stock overvalued right now?
Based on GuruFocus' analysis, PJP Makrum (WAR:PJP) is currently considered Fairly Valued. The stock's GF Value™ is zł17.26, compared to a current price of zł18.80 — trading 8.9% above its estimated fair value. The current Interest Coverage is 0 (At Loss). PJP Makrum's overall GF Score™ is 75/100 with 13 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 PJP Makrum (WAR:PJP), the current Interest Coverage is 0 (At Loss) 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 PJP Makrum (WAR:PJP) Overvalued in 2026?

Based on GuruFocus' analysis, PJP Makrum stock appears to be overvalued. The current stock price of zł18.80 is trading 8.9% above its estimated GF Value™ of zł17.26. GuruFocus considers PJP Makrum to be Fairly Valued.

Key valuation signals for WAR:PJP:

  • Interest Coverage: 0 (At Loss)
  • GF Value™: zł17.26 vs. price of zł18.80 (8.9% above fair value)
  • GF Score™: 75/100 with 13 warning signs

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


PJP Makrum Business Description

Address Plac Koscieleckich 3, Bydgoszcz, POL, 85-033
PJP Makrum SA operates in three areas. The first consists of the production of steel structures for the energy and chemical industries and environmental protection. The second segment focuses on commercial construction (industrial facilities, warehouses, and retail space). The third activity is docking solutions.
75GF Score

Get the complete analysis for WAR:PJP

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

zł18.80
Price
zł17.26
GF Value