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Horizon Securities CoROCO:6015 +2.18%61 Debt-to-EBITDA is 3.57 as of Mar. 2026, which is 53% below its 10-year median of 7.64. GuruFocus rates ROCO:6015 with a GF Score™ of 61/100 and a GF Value™ of NT$17.80 (Fairly Valued). The stock has 6 warning signs investors should review. Among 415 Capital Markets companies, Horizon Securities Co ranks worse than 80.48% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 Horizon Securities Co's Debt-to-EBITDA or its related term are showing as below:
ROCO:6015'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -45.58 Med: 7.64 Max: 21.67
Current: 6.33
During the past 13 years, the highest Debt-to-EBITDA Ratio of Horizon Securities Co was 21.67. The lowest was -45.58. And the median was 7.64.
ROCO:6015's Debt-to-EBITDA is ranked worse than 80.48% of 415
companies
in the Capital Markets industry
Industry Median: 1.67
vs ROCO:6015: 6.33
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.
Horizon Securities Co Debt-to-EBITDA Related Terms
Horizon Securities Co Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Horizon Securities 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.
ROCO:6015 vs MS, GS, SCHW: Debt-to-EBITDA Comparison
For the Capital Markets subindustry, Horizon Securities 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.
Horizon Securities Co Debt-to-EBITDA vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Horizon Securities Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Horizon Securities Co's Debt-to-EBITDA falls into.
* 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 (Mar. 2026) EBITDA data.
Horizon Securities Co (ROCO:6015) has a Debt-to-EBITDA of 3.57 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Horizon Securities Co. This is 53% below median its historical median of 7.64. According to the industry distribution chart, Horizon Securities Co ranks #334 out of 415 companies in the Capital Markets industry, placing it in the top 80.5%.
Is Horizon Securities Co's Debt-to-EBITDA too high?
Horizon Securities Co's current Debt-to-EBITDA of 3.57 is 53% below median its 10-year median of 7.64. The Capital Markets industry median Debt-to-EBITDA is 1.67. Horizon Securities Co's value of 3.57 is 113.8% above this industry median. Based on the distribution chart, Horizon Securities Co ranks #334 out of 415 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Horizon Securities Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Horizon Securities Co's Debt-to-EBITDA compare to MS and GS?
According to the Capital Markets industry distribution chart, Horizon Securities Co ranks #334 out of 415 companies for Debt-to-EBITDA. This places Horizon Securities Co in the lower half of its industry. The industry median Debt-to-EBITDA is 1.67. Horizon Securities Co's value of 3.57 is 113.8% above this benchmark. While the company's 10-year median is 7.64 vs. the industry median of 1.67, Horizon Securities 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 a Capital Markets company?
The median Debt-to-EBITDA among Capital Markets companies is 1.67, based on 415 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. Horizon Securities Co's current Debt-to-EBITDA of 3.57 is 113.8% 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 Horizon Securities Co. For the Capital Markets industry, the median Debt-to-EBITDA is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Securities Co's current Debt-to-EBITDA is 3.57, which is 53% below median its own 10-year median of 7.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Horizon Securities Co (ROCO:6015) is currently considered Fairly Valued. The stock's GF Value™ is NT$17.80, compared to a current price of NT$16.40 — trading 7.9% below its estimated fair value. The current Debt-to-EBITDA is 3.57, which is 53% below median its 10-year median of 7.64 and 113.8% above the Capital Markets industry median of 1.67. Horizon Securities Co's overall GF Score™ is 61/100 with 6 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 Horizon Securities Co (ROCO:6015), the current Debt-to-EBITDA is 3.57 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 Horizon Securities Co (ROCO:6015) Overvalued in 2026?
Based on GuruFocus' analysis, Horizon Securities Co stock appears to be undervalued.
The current stock price of NT$16.40 is trading 7.9% below its estimated GF Value™ of NT$17.80.
GuruFocus considers Horizon Securities Co to be Fairly Valued.
Key valuation signals for ROCO:6015:
Debt-to-EBITDA: 3.57 (53% below median its 10-year median of 7.64)
GF Value™: NT$17.80 vs. price of NT$16.40 (7.9% below fair value)
Industry Position: 113.8% above the Capital Markets median (#334 of 415)
No single metric tells the full story. See the ROCO:6015 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horizon Securities Co Ltd is a Taiwan-based company that is engaged in providing various financial products and services. The company classifies operating units based on different business and services and is divided into the following five reporting and operations departments: Proprietary segment, Brokerage segment, Underwriting segment, Bond segment, and Derivatives segment. The majority of revenue is derived from the Brokerage segment, which is mainly responsible for brokerage and proprietary trading of securities.
61GF Score
Get the complete analysis for ROCO:6015
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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