Key Ware Electronics Co (ROCO:5498) Debt-to-EBITDA : 4.48 (As of Jun. 2026) — 21% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:5498 Key Ware Electronics Co Ltd ROCO:5498
48 GF Score
Price NT$53.40
GF Value NT$23.71
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Key Ware Electronics Co Debt-to-EBITDA?

Key Ware Electronics Co ROCO:5498 -0.37% 48 Debt-to-EBITDA is 4.48 as of Jun. 2026, which is 21% below its 10-year median of 5.65. GuruFocus rates ROCO:5498 with a GF Score™ of 48/100 and a GF Value™ of NT$23.71 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,310 Industrial Products companies, Key Ware Electronics Co ranks worse than 84.42% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Key Ware Electronics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was NT$1,337 Mil. Key Ware Electronics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was NT$519 Mil. Key Ware Electronics Co's annualized EBITDA for the quarter that ended in Jun. 2026 was NT$415 Mil. Key Ware Electronics Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 4.48.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Key Ware Electronics Co's Debt-to-EBITDA or its related term are showing as below:

ROCO:5498' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.83   Med: 5.65   Max: 8.59
Current: 6.44

During the past 13 years, the highest Debt-to-EBITDA Ratio of Key Ware Electronics Co was 8.59. The lowest was 3.83. And the median was 5.65.

ROCO:5498's Debt-to-EBITDA is ranked worse than
84.42% of 2310 companies
in the Industrial Products industry
Industry Median: 1.69 vs ROCO:5498: 6.44

Key Ware Electronics Co  (ROCO:5498) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Key Ware Electronics Co Debt-to-EBITDA Related Terms


Key Ware Electronics Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Key Ware Electronics Co's Debt-to-EBITDA 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.

Key Ware Electronics Co Debt-to-EBITDA Chart

Key Ware Electronics Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.26 7.51 3.83 8.59 7.71

Key Ware Electronics Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-EBITDA 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 9.87 7.89 4.22 8.68 4.48

ROCO:5498 vs SNA, RBC, LECO: Debt-to-EBITDA Comparison

For the Tools & Accessories subindustry, Key Ware Electronics Co's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.


Key Ware Electronics Co Debt-to-EBITDA vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Key Ware Electronics Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Key Ware Electronics Co's Debt-to-EBITDA falls into.


ROCO:5498
48GF Score
Key Ware Electronics Co Ltd ROCO:5498
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Key Ware Electronics Co Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Key Ware Electronics Co's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1058.873 + 465.212) / 197.747
=7.71

Key Ware Electronics Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1336.529 + 518.859) / 414.564
=4.48

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 4.48 mean?
Key Ware Electronics Co (ROCO:5498) has a Debt-to-EBITDA of 4.48 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Key Ware Electronics Co. This is 21% below median its historical median of 5.65. Over the past decade, Key Ware Electronics Co's Debt-to-EBITDA has ranged from 3.83 to 8.59. According to the industry distribution chart, Key Ware Electronics Co ranks #1950 out of 2310 companies in the Industrial Products industry, placing it in the top 84.4%.
Is Key Ware Electronics Co's Debt-to-EBITDA too high?
Key Ware Electronics Co's current Debt-to-EBITDA of 4.48 is 21% below median its 10-year median of 5.65. Over the past 10 years, this metric has ranged from a low of 3.83 to a high of 8.59. The Industrial Products industry median Debt-to-EBITDA is 1.69. Key Ware Electronics Co's value of 4.48 is 165.1% above this industry median. Based on the distribution chart, Key Ware Electronics Co ranks #1950 out of 2310 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Key Ware Electronics Co has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Key Ware Electronics Co's Debt-to-EBITDA compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Key Ware Electronics Co ranks #1950 out of 2310 companies for Debt-to-EBITDA. This places Key Ware Electronics Co in the lower half of its industry. The industry median Debt-to-EBITDA is 1.69. Key Ware Electronics Co's value of 4.48 is 165.1% above this benchmark. Historically, Key Ware Electronics Co's own Debt-to-EBITDA has ranged from 3.83 to 8.59 over the past decade. While the company's 10-year median is 5.65 vs. the industry median of 1.69, Key Ware Electronics Co 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 Debt-to-EBITDA for an Industrial Products company?
The median Debt-to-EBITDA among Industrial Products companies is 1.69, based on 2,310 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Key Ware Electronics Co's current Debt-to-EBITDA of 4.48 is 165.1% 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Key Ware Electronics Co. For the Industrial Products industry, the median Debt-to-EBITDA is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Key Ware Electronics Co's current Debt-to-EBITDA is 4.48, which is 21% below median its own 10-year median of 5.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Key Ware Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Key Ware Electronics Co (ROCO:5498) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$23.71, compared to a current price of NT$53.40 — trading 125.2% above its estimated fair value. The current Debt-to-EBITDA is 4.48, which is 21% below median its 10-year median of 5.65 and 165.1% above the Industrial Products industry median of 1.69. Key Ware Electronics Co's overall GF Score™ is 48/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Key Ware Electronics Co (ROCO:5498), the current Debt-to-EBITDA is 4.48 as of Jun. 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 Key Ware Electronics Co (ROCO:5498) Overvalued in 2026?

Based on GuruFocus' analysis, Key Ware Electronics Co stock appears to be overvalued. The current stock price of NT$53.40 is trading 125.2% above its estimated GF Value™ of NT$23.71. GuruFocus considers Key Ware Electronics Co to be Significantly Overvalued.

Key valuation signals for ROCO:5498:

  • Debt-to-EBITDA: 4.48 (21% below median its 10-year median of 5.65)
  • GF Value™: NT$23.71 vs. price of NT$53.40 (125.2% above fair value)
  • GF Score™: 48/100 with 4 warning signs
  • Industry Position: 165.1% above the Industrial Products median (#1950 of 2310)

No single metric tells the full story. See the ROCO:5498 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Key Ware Electronics Co Business Description

Address No. 32 Xingbang Road, Lane 21, Dalin Village, Taoyuan District, Taoyuan, TWN
Key Ware Electronics Co Ltd is engaged in the design, manufacture, and processing of printed circuit board materials such as electroplating solutions, dry films, drill bits, and copper foil substrates. Its include drills, milling cutters, special tools, tungsten steel, and related consumables sales.
48GF Score

Get the complete analysis for ROCO:5498

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

NT$53.40
Price
NT$23.71
GF Value