Shihlin Paper (TPE:1903) Debt-to-EBITDA : -148.15 (As of Jun. 2026)

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.

TPE:1903 Shihlin Paper Corp TPE:1903
61 GF Score
Price NT$47.40
GF Value NT$50.93
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Shihlin Paper Debt-to-EBITDA?

Shihlin Paper TPE:1903 -0.52% 61 Debt-to-EBITDA is -148.15 as of Jun. 2026. GuruFocus rates TPE:1903 with a GF Score™ of 61/100 and a GF Value™ of NT$50.93 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,554 Consumer Packaged Goods companies, Shihlin Paper ranks worse than 87.77% on this metric.

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

Shihlin Paper's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was NT$3,301.9 Mil. Shihlin Paper's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was NT$0.0 Mil. Shihlin Paper's annualized EBITDA for the quarter that ended in Jun. 2026 was NT$-22.3 Mil. Shihlin Paper's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was -148.15.

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 Shihlin Paper's Debt-to-EBITDA or its related term are showing as below:

TPE:1903' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -27.34   Med: -3.14   Max: 88.47
Current: 7.79

During the past 13 years, the highest Debt-to-EBITDA Ratio of Shihlin Paper was 88.47. The lowest was -27.34. And the median was -3.14.

TPE:1903's Debt-to-EBITDA is ranked worse than
87.77% of 1554 companies
in the Consumer Packaged Goods industry
Industry Median: 2.105 vs TPE:1903: 7.79

Shihlin Paper  (TPE:1903) 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.


Shihlin Paper Debt-to-EBITDA Related Terms


Shihlin Paper Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Shihlin Paper'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.

Shihlin Paper Debt-to-EBITDA Chart

Shihlin Paper 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 18.39 9.61 18.77 88.47 8.08

Shihlin Paper 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 -35.14 3.83 3.71 -229.76 -148.15

TPE:1903 vs PG, CL, KVUE: Debt-to-EBITDA Comparison

For the Household & Personal Products subindustry, Shihlin Paper'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.


Shihlin Paper Debt-to-EBITDA vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shihlin Paper's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Shihlin Paper's Debt-to-EBITDA falls into.


TPE:1903
61GF Score
Shihlin Paper Corp TPE:1903
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shihlin Paper Debt-to-EBITDA Calculation

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

Shihlin Paper'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
=(3117.253 + 177.028) / 407.701
=8.08

Shihlin Paper'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
=(3301.886 + 0) / -22.288
=-148.15

* 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 -148.15 mean?
Shihlin Paper (TPE:1903) has a Debt-to-EBITDA of -148.15 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 Shihlin Paper. According to the industry distribution chart, Shihlin Paper ranks #1364 out of 1554 companies in the Consumer Packaged Goods industry, placing it in the top 87.8%.
Is Shihlin Paper's Debt-to-EBITDA too high?
Shihlin Paper's current Debt-to-EBITDA is -148.15. Based on the distribution chart, Shihlin Paper ranks #1364 out of 1554 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Shihlin Paper has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shihlin Paper's Debt-to-EBITDA compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Shihlin Paper ranks #1364 out of 1554 companies for Debt-to-EBITDA. This places Shihlin Paper in the lower half of its industry. The industry median Debt-to-EBITDA is 2.11. 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 Consumer Packaged Goods company?
The median Debt-to-EBITDA among Consumer Packaged Goods companies is 2.11, based on 1,554 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 Shihlin Paper. For the Consumer Packaged Goods industry, the median Debt-to-EBITDA is 2.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shihlin Paper's current Debt-to-EBITDA is -148.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shihlin Paper stock overvalued right now?
Based on GuruFocus' analysis, Shihlin Paper (TPE:1903) is currently considered Fairly Valued. The stock's GF Value™ is NT$50.93, compared to a current price of NT$47.40 — trading 6.9% below its estimated fair value. The current Debt-to-EBITDA is -148.15. Shihlin Paper'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 Shihlin Paper (TPE:1903), the current Debt-to-EBITDA is -148.15 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 Shihlin Paper (TPE:1903) Overvalued in 2026?

Based on GuruFocus' analysis, Shihlin Paper stock appears to be undervalued. The current stock price of NT$47.40 is trading 6.9% below its estimated GF Value™ of NT$50.93. GuruFocus considers Shihlin Paper to be Fairly Valued.

Key valuation signals for TPE:1903:

  • Debt-to-EBITDA: -148.15
  • GF Value™: NT$50.93 vs. price of NT$47.40 (6.9% below fair value)
  • GF Score™: 61/100 with 6 warning signs

No single metric tells the full story. See the TPE:1903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shihlin Paper Business Description

Address No.31, Fude Road, Shihlin District, Taipei, TWN
Shihlin Paper Corp is engaged in the sales of paper-processed products, wet wipes, facial masks, skincare products, and toiletries and the leasing of assets and investment and development. The company's segments consist of the Consumer Goods Department and the Real Estate Development Department. The Consumer Goods Department is responsible for selling wet wipes and facial masks and leasing real estate. The Real Estate Development Department engages in developing, leasing, and urban renewal and reconstruction of residential property and buildings.
61GF Score

Get the complete analysis for TPE:1903

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

NT$47.40
Price
NT$50.93
GF Value