P

Pylon PCL
SET:PYLON

Watchlist Manager
Pylon PCL
SET:PYLON
Watchlist
Price: 3.02 THB 2.03% Market Closed
Market Cap: ฿2.3B

EV/EBITDA

8.1
Current
12%
Cheaper
vs 3-y median of 9.2

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
8.1
=
Enterprise Value
฿1.6B
/
EBITDA
฿228.7m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
8.1
=
Enterprise Value
฿1.6B
/
EBITDA
฿228.7m

Valuation Scenarios

Pylon PCL is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (9.2), the stock would be worth ฿3.45 (14% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+35%
Average Upside
17%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 8.1 ฿3.02
0%
3-Year Average 9.2 ฿3.45
+14%
5-Year Average 10.9 ฿4.07
+35%
Industry Average 9.1 ฿3.41
+13%
Country Average 8.6 ฿3.23
+7%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
฿1.6B
/
Oct 2025
฿228.7m
=
8.1
Current
฿1.6B
/
Dec 2025
฿347.1m
=
4.5
Forward
฿1.6B
/
Dec 2026
฿320.7m
=
4.9
Forward
฿1.6B
/
Dec 2027
฿316.9m
=
5
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
TH
Pylon PCL
SET:PYLON
2.3B THB 8.1 17.2
FR
Vinci SA
PAR:DG
77.5B EUR 7 15.8
US
Quanta Services Inc
NYSE:PWR
82.5B USD 36.4 80.7
IN
Larsen and Toubro Ltd
F:LTO
55.2B EUR 21.8 36.5
IN
Larsen & Toubro Ltd
NSE:LT
5.9T INR 21.7 36.3
NL
Ferrovial SE
AEX:FER
44B EUR 41.4 13.5
ES
Ferrovial SA
MAD:FER
43.9B EUR 40.1 13.7
US
Comfort Systems USA Inc
NYSE:FIX
48.3B USD 38 57.7
US
EMCOR Group Inc
NYSE:EME
36B USD 20.8 31.8
DE
Hochtief AG
XETRA:HOT
29.9B EUR 15.2 34.7
ES
ACS Actividades de Construccion y Servicios SA
MAD:ACS
27.4B EUR 8.4 22.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TH
P
Pylon PCL
SET:PYLON
Average EV/EBITDA: 23.5
8.1
68%
0.1
FR
Vinci SA
PAR:DG
7
5%
1.4
US
Quanta Services Inc
NYSE:PWR
36.4
21%
1.7
IN
Larsen and Toubro Ltd
F:LTO
21.8
18%
1.2
IN
Larsen & Toubro Ltd
NSE:LT
21.7
18%
1.2
NL
Ferrovial SE
AEX:FER
41.4
9%
4.6
ES
Ferrovial SA
MAD:FER
40.1
9%
4.5
US
Comfort Systems USA Inc
NYSE:FIX
38
25%
1.5
US
EMCOR Group Inc
NYSE:EME
20.8
11%
1.9
DE
H
Hochtief AG
XETRA:HOT
15.2
5%
3
ES
ACS Actividades de Construccion y Servicios SA
MAD:ACS
8.4
29%
0.3

Market Distribution

In line with most companies in Thailand
Percentile
46th
Based on 406 companies
46th percentile
8.1
Low
0.2 — 6.6
Typical Range
6.6 — 11.4
High
11.4 —
Distribution Statistics
Thailand
Min 0.2
30th Percentile 6.6
Median 8.6
70th Percentile 11.4
Max 3 584.8

Pylon PCL
Glance View

Market Cap
2.3B THB
Industry
Construction

Pylon Public Co. Ltd. engages in the provision of foundation services. The company is headquartered in Bangkok, Bangkok Metropolis and currently employs 509 full-time employees. The company went IPO on 2005-12-23. The firm offers various sizes of piles ranging from 50-200 centimeters in diameter and deeper approximately 80 meters depending on the design load and local soil properties. The company provides ground improvement service by injecting cement grout at high pressure between 200-400 bars. The type of work can be categorized as soil-cement column and localized soil improvement. The Company’s subsidiary includes Excelon Co., Ltd., which provides foundation services, including bored piles, ground improvement and other construction services.

PYLON Intrinsic Value
4.25 THB
Undervaluation 29%
Intrinsic Value
Price
P