R

Ratch Group PCL
SET:RATCH

Watchlist Manager
Ratch Group PCL
SET:RATCH
Watchlist
Price: 30.75 THB 0.82%
Market Cap: ฿66.9B

EV/EBIT

51.1
Current
36%
More Expensive
vs 3-y median of 37.6

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

EV/EBIT
51.1
=
Enterprise Value
฿130.9B
/
EBIT
฿2.6B

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

EV/EBIT
51.1
=
Enterprise Value
฿130.9B
/
EBIT
฿2.6B

Valuation Scenarios

Ratch Group PCL is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (37.6), the stock would be worth ฿22.63 (26% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-77%
Maximum Upside
No Upside Scenarios
Average Downside
52%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 51.1 ฿30.75
0%
3-Year Average 37.6 ฿22.63
-26%
5-Year Average 34.8 ฿20.96
-32%
Industry Average 14.1 ฿8.51
-72%
Country Average 11.7 ฿7.02
-77%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
฿130.9B
/
Oct 2025
฿2.6B
=
51.1
Current
฿130.9B
/
Dec 2025
฿7.3B
=
17.9
Forward
฿130.9B
/
Dec 2026
฿6.8B
=
19.4
Forward
฿130.9B
/
Dec 2027
฿6.8B
=
19.4
Forward

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

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
TH
Ratch Group PCL
SET:RATCH
66.9B THB 51.1 11.1
US
Vistra Corp
NYSE:VST
51.8B USD 32.8 54
SA
ACWA Power Co
SAU:2082
184.5B SAR 94.7 103.5
IN
NTPC Ltd
NSE:NTPC
3.6T INR 14.9 14.7
IN
Adani Power Ltd
NSE:ADANIPOWER
3T INR 21.1 26.4
CN
CGN Power Co Ltd
SZSE:003816
193.9B CNY 16.5 20.6
CN
China National Nuclear Power Co Ltd
SSE:601985
176.1B CNY 20.5 20.4
TH
Gulf Energy Development PCL
SET:GULF
739.5B THB 48.5 34.6
DE
Uniper SE
XETRA:UN0
15.1B EUR 11.1 -47.3
US
Talen Energy Corp
NASDAQ:TLN
15.4B USD 73.4 68.7
CN
SDIC Power Holdings Co Ltd
SSE:600886
103.7B CNY 12.6 15.9

Market Distribution

Higher than 92% of companies in Thailand
Percentile
92st
Based on 357 companies
92st percentile
51.1
Low
0.4 — 8.7
Typical Range
8.7 — 15.7
High
15.7 —
Distribution Statistics
Thailand
Min 0.4
30th Percentile 8.7
Median 11.7
70th Percentile 15.7
Max 2 524.8

Ratch Group PCL
Glance View

Market Cap
66.9B THB
Industry
Utilities

Ratch Group Public Company Limited, originally established as a subsidiary of the state-owned Electricity Generating Authority of Thailand, has transpired into one of Southeast Asia's prominent independent power producers. This evolution is rooted deeply in its strategic focus on harnessing the growing demand for energy across the region. The company generates revenue primarily by operating, developing, and investing in a diversified portfolio of power plants that include traditional thermal and hydroelectric assets, as well as renewable energy ventures such as wind and solar. Its comprehensive approach combines both conventional and green energy sources, enabling the company to adapt and thrive amidst the global transition towards sustainability. By providing stable and reliable electricity, Ratch Group ensures a steady cash flow with long-term power purchasing agreements, mostly secured with governmental and large industrial clients, thus underpinning its financial stability. In recent years, Ratch Group has strategically expanded its footprint beyond Thailand, making calculated investments into neighboring countries such as Laos, Australia, and Indonesia to capitalize on the broader regional demand for power. This expansion strategy is emblematic of its agility and vision to align with global energy trends, particularly the pivot towards renewable energy solutions. The company’s forward-looking approach is not only cemented in its diversified energy mix but also in its commitment to modernizing and optimizing its existing infrastructure, adopting advanced technological solutions to enhance operational efficiencies and performance. Even as the energy sector faces increasing pressure to adapt to environmental concerns, Ratch Group navigates these challenges by pursuing environmentally responsible projects, thereby maintaining its competitiveness and ensuring that it remains at the forefront of the industry.

RATCH Intrinsic Value
21.71 THB
Overvaluation 29%
Intrinsic Value
Price
R