Forward Graphic Enterprise Co (ROCO:8906) Debt-to-EBITDA : -3,636.24 (As of Jun. 2026)

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ROCO:8906 Forward Graphic Enterprise Co Ltd ROCO:8906
49 GF Score
Price NT$27.45
GF Value NT$27.96
Valuation Fairly Valued
! 9 Warning Signs
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What is Forward Graphic Enterprise Co Debt-to-EBITDA?

Forward Graphic Enterprise Co ROCO:8906 +0.92% 49 Debt-to-EBITDA is -3,636.24 as of Jun. 2026. GuruFocus rates ROCO:8906 with a GF Score™ of 49/100 and a GF Value™ of NT$27.96 (Fairly Valued). The stock has 9 warning signs investors should review. Among 833 Business Services companies, Forward Graphic Enterprise Co ranks worse than 120047.9% on this metric.

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

Forward Graphic Enterprise Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was NT$221.7 Mil. Forward Graphic Enterprise Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was NT$2,570.9 Mil. Forward Graphic Enterprise Co's annualized EBITDA for the quarter that ended in Jun. 2026 was NT$-0.8 Mil. Forward Graphic Enterprise Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was -3,636.24.

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 Forward Graphic Enterprise Co's Debt-to-EBITDA or its related term are showing as below:

ROCO:8906' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -486.78   Med: 27.76   Max: 123.59
Current: -377.84

During the past 13 years, the highest Debt-to-EBITDA Ratio of Forward Graphic Enterprise Co was 123.59. The lowest was -486.78. And the median was 27.76.

ROCO:8906's Debt-to-EBITDA is ranked worse than
100% of 833 companies
in the Business Services industry
Industry Median: 1.67 vs ROCO:8906: -377.84

Forward Graphic Enterprise Co  (ROCO:8906) 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.


Forward Graphic Enterprise Co Debt-to-EBITDA Related Terms


Forward Graphic Enterprise Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Forward Graphic Enterprise 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.

Forward Graphic Enterprise Co Debt-to-EBITDA Chart

Forward Graphic Enterprise 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 77.65 123.59 -218.14 88.48 -486.78

Forward Graphic Enterprise 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 252.83 -2,084.98 -263.92 -138.13 -3,636.24

ROCO:8906 vs CTAS, CPRT, GPN: Debt-to-EBITDA Comparison

For the Specialty Business Services subindustry, Forward Graphic Enterprise 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.


Forward Graphic Enterprise Co Debt-to-EBITDA vs Business Services Industry

For the Business Services industry and Industrials sector, Forward Graphic Enterprise Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Forward Graphic Enterprise Co's Debt-to-EBITDA falls into.


ROCO:8906
49GF Score
Forward Graphic Enterprise Co Ltd ROCO:8906
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forward Graphic Enterprise Co Debt-to-EBITDA Calculation

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

Forward Graphic Enterprise 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
=(2117.276 + 272.807) / -4.91
=-486.78

Forward Graphic Enterprise 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
=(221.718 + 2570.911) / -0.768
=-3,636.24

* 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 -3,636.24 mean?
Forward Graphic Enterprise Co (ROCO:8906) has a Debt-to-EBITDA of -3,636.24 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 Forward Graphic Enterprise Co. According to the industry distribution chart, Forward Graphic Enterprise Co ranks #999999 out of 833 companies in the Business Services industry.
Is Forward Graphic Enterprise Co's Debt-to-EBITDA too high?
Forward Graphic Enterprise Co's current Debt-to-EBITDA is -3,636.24. Based on the distribution chart, Forward Graphic Enterprise Co ranks #999999 out of 833 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Forward Graphic Enterprise Co has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Forward Graphic Enterprise Co's Debt-to-EBITDA compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Forward Graphic Enterprise Co ranks #999999 out of 833 companies for Debt-to-EBITDA. This places Forward Graphic Enterprise Co in the lower half of its industry. The industry median Debt-to-EBITDA is 1.67. 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 Business Services company?
The median Debt-to-EBITDA among Business Services companies is 1.67, based on 833 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. 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 Forward Graphic Enterprise Co. For the Business Services 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. Forward Graphic Enterprise Co's current Debt-to-EBITDA is -3,636.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Graphic Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Forward Graphic Enterprise Co (ROCO:8906) is currently considered Fairly Valued. The stock's GF Value™ is NT$27.96, compared to a current price of NT$27.45 — trading 1.8% below its estimated fair value. The current Debt-to-EBITDA is -3,636.24. Forward Graphic Enterprise Co's overall GF Score™ is 49/100 with 9 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 Forward Graphic Enterprise Co (ROCO:8906), the current Debt-to-EBITDA is -3,636.24 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 Forward Graphic Enterprise Co (ROCO:8906) Overvalued in 2026?

Based on GuruFocus' analysis, Forward Graphic Enterprise Co stock appears to be undervalued. The current stock price of NT$27.45 is trading 1.8% below its estimated GF Value™ of NT$27.96. GuruFocus considers Forward Graphic Enterprise Co to be Fairly Valued.

Key valuation signals for ROCO:8906:

  • Debt-to-EBITDA: -3,636.24
  • GF Value™: NT$27.96 vs. price of NT$27.45 (1.8% below fair value)
  • GF Score™: 49/100 with 9 warning signs

No single metric tells the full story. See the ROCO:8906 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forward Graphic Enterprise Co Business Description

Address No.65 Zhongshan Road, Tucheng District, New Taipei City, TWN
Forward Graphic Enterprise Co Ltd is engaged in manufacturing, processing, and distribution of printing products. Its products include packages, Books, Notebook, a Catalogue, Calendar, DIY Products and ECO-Friendly cultural printings, ultraviolet printings and special printings.
49GF Score

Get the complete analysis for ROCO:8906

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

NT$27.45
Price
NT$27.96
GF Value