M

Major Cineplex Group PCL
SET:MAJOR

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Major Cineplex Group PCL
SET:MAJOR
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Price: 8 THB -1.23%
Market Cap: ฿6.1B

EV/EBITDA

4.9
Current
30%
Cheaper
vs 3-y median of 6.9

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
4.9
=
Enterprise Value
฿9.5B
/
EBITDA
฿1.9B

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
4.9
=
Enterprise Value
฿9.5B
/
EBITDA
฿1.9B

Valuation Scenarios

Major Cineplex Group PCL is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (6.9), the stock would be worth ฿11.4 (43% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+77%
Average Upside
44%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 4.9 ฿8
0%
3-Year Average 6.9 ฿11.4
+43%
5-Year Average 7 ฿11.52
+44%
Industry Average 5.4 ฿8.91
+11%
Country Average 8.6 ฿14.14
+77%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
฿9.5B
/
Jan 2026
฿1.9B
=
4.9
Current
฿9.5B
/
Dec 2026
฿2.1B
=
4.6
Forward
฿9.5B
/
Dec 2027
฿2.1B
=
4.5
Forward
฿9.5B
/
Dec 2028
฿1.9B
=
5.1
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
Major Cineplex Group PCL
SET:MAJOR
5.8B THB 4.9 9.2
US
Netflix Inc
NASDAQ:NFLX
455.1B USD 15.3 41.4
US
Walt Disney Co
NYSE:DIS
187.3B USD 11.4 15.3
LU
Spotify Technology SA
NYSE:SPOT
109.4B USD 36.5 41.9
US
Warner Bros Discovery Inc
NASDAQ:WBD
67.9B USD 5.1 93.4
NL
Universal Music Group NV
AEX:UMG
37.4B EUR 16.4 24.6
US
TKO Group Holdings Inc
NYSE:TKO
35.8B USD 25.4 156.3
US
Live Nation Entertainment Inc
NYSE:LYV
37.8B USD 20.4 -685.6
FR
Bollore SE
PAR:BOL
14B EUR -42.9 40
US
Roku Inc
NASDAQ:ROKU
16.5B USD 214.4 187.6
CN
Tencent Music Entertainment Group
NYSE:TME
15.6B USD 9.2 9.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TH
M
Major Cineplex Group PCL
SET:MAJOR
Average EV/EBITDA: 35.9
4.9
-1%
N/A
US
Netflix Inc
NASDAQ:NFLX
15.3
-7%
N/A
US
Walt Disney Co
NYSE:DIS
11.4
11%
1
LU
Spotify Technology SA
NYSE:SPOT
36.5
30%
1.2
US
Warner Bros Discovery Inc
NASDAQ:WBD
5.1
-23%
N/A
NL
Universal Music Group NV
AEX:UMG
16.4
14%
1.2
US
TKO Group Holdings Inc
NYSE:TKO
25.4
22%
1.2
US
Live Nation Entertainment Inc
NYSE:LYV
20.4
21%
1
FR
Bollore SE
PAR:BOL
Negative Multiple: -42.9 N/A N/A
US
Roku Inc
NASDAQ:ROKU
214.4
147%
1.5
CN
Tencent Music Entertainment Group
NYSE:TME
9.2
16%
0.6

Market Distribution

Lower than 82% of companies in Thailand
Percentile
18th
Based on 406 companies
18th percentile
4.9
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

Major Cineplex Group PCL
Glance View

Market Cap
6.1B THB
Industry
Media

Major Cineplex Group Public Co. Ltd. engages in cinema operations and entertainment services. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2002-05-23. The firm operates under five segments: cinema business, advertising business, bowling and karaoke business, rental and services business, and movie content business. Cinema business includes various companies in Major Group Cineplex providing theater, foods and drinks and relevant services. Advertising business offers services in various forms, such as screen ads, VDO Wall, outdoor billboard/cut-out advertisements. Bowling, karaoke and ice-skating business offers Blu-O Rhythm & Bowl brand that focuses on high-end clients in the metro areas. The company also operates new form of ice-skating rinks under the name of Sub-Zero. Rental and services business offers rental space services in two ways, namely long-term and short-term agreement. Movie content business offers movies distribution from upstream to downstream.

MAJOR Intrinsic Value
16.3 THB
Undervaluation 51%
Intrinsic Value
Price ฿8
M
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